Quarterly ResultMay 8, 2026, 04:22 PM
Airship AI Q1 Revenue +15.5% to $6.35M; Net Loss $(0.72)M
AI Summary
Airship AI Holdings, Inc. reported a 15.5% increase in net revenues to $6.35 million for Q1 2026, up from $5.50 million in Q1 2025. Despite improved gross profit and a reduced operating loss, the company posted a net loss of $(0.72) million, a significant decline from the $23.71 million net income in the prior year, primarily due to lower non-cash gains from fair value adjustments of warrant and earnout liabilities. The company also saw a positive shift in cash flow from operating activities, moving from a net use of cash to a net provision of cash.
Key Highlights
- Net revenues increased 15.5% to $6.35 million in Q1 2026 from $5.50 million in Q1 2025.
- Gross profit rose 41.7% to $3.17 million in Q1 2026 from $2.24 million in Q1 2025.
- Operating loss improved to $(1.58) million in Q1 2026 from $(1.71) million in Q1 2025.
- Net loss was $(0.72) million in Q1 2026, compared to net income of $23.71 million in Q1 2025.
- Basic EPS was $(0.02) in Q1 2026, down from $0.75 in Q1 2025.
- Net cash provided by operating activities was $0.81 million in Q1 2026, a significant improvement from $(2.10) million used in Q1 2025.
- Current deferred revenue increased 17.6% to $5.49 million as of March 31, 2026, from $4.67 million as of December 31, 2025.
- Cash and cash equivalents increased to $12.57 million as of March 31, 2026, from $11.75 million as of December 31, 2025.