Quarterly ResultNov 5, 2026, 09:12 AM
Airship AI Q3 Revenue $6.23M (+429% YoY); Net Income $9.62M
AI Summary
Airship AI Holdings, Inc. announced its third quarter 2026 financial results, reporting a significant year-over-year increase in net revenues and gross profit. Net revenues reached $6.23 million, up 429%, with gross profit at $3.50 million, up 481%, and a gross margin of 56.2%. The company reported a net income of $9.62 million ($0.28 per basic share) and positive operating cash flow of $384,000 for the quarter. Airship AI also highlighted a strong backlog of $28.3 million and a total validated pipeline of $215 million, indicating robust future business prospects.
Key Highlights
- Airship AI reported Q3 2026 net revenues of $6.23 million, a 429% increase YoY.
- Gross profit for Q3 2026 was $3.50 million, up 481% YoY, with a gross margin of 56.2%.
- Net income for Q3 2026 was $9.62 million, or $0.28 per basic share.
- Operating loss was $561,000, but breakeven excluding non-cash expenses.
- Backlog of $28.3 million in awarded firm-fixed price orders as of September 30, 2026.
- Total validated pipeline reached approximately $215 million.
- Cash and cash equivalents stood at $12.74 million as of September 30, 2026.
Price Impact
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