Airship AI Holdings, Inc.

Airship AI Holdings, Inc. reported strong financial results for the second quarter ended June 30, 2026, with net revenues increasing 92% to $4.12 million and gross profit rising 102% to $3.09 million, achieving a 75% gross margin. The company posted a net loss of $2.4 million, attributed partly to increased investments in sales, marketing, and R&D. Operationally, Airship AI highlighted a $6.9 million backlog and a $206 million validated pipeline, with significant progress on Department of Homeland Security opportunities and a new $1.9 million maintenance agreement.

Airship AI Holdings, Inc. reported strong revenue growth for the second quarter and first half of 2026, with Q2 net revenues increasing to $4.12 million. The company also saw an improvement in its operating loss, which narrowed to $1.49 million for the quarter. While the net loss for the six months ended June 30, 2026, increased to $3.13 million, this was primarily influenced by non-cash fair value adjustments related to earnout and warrant liabilities. The company generated positive cash flow from operating activities for the six-month period.

Airship AI Holdings, Inc. reported strong revenue and gross profit growth for the second quarter ended June 30, 2026. Net revenues increased 92% year-over-year to $4.12 million, with gross profit rising 102% to $3.09 million, achieving a 75% gross margin. Despite this growth, the company recorded an operating loss of $1.49 million and a net loss of $2.4 million, primarily due to increased investments and non-cash liabilities. Operational highlights include a $6.9 million backlog and a $206 million validated pipeline, with significant progress in federal contracts.

Airship AI Holdings, Inc. reported its first quarter 2026 financial results, with net revenues increasing 15% year-over-year to $6.3 million and gross profit rising 42% to $3.2 million. Despite an operating loss of $1.58 million and a net loss of $0.72 million, the company generated $0.81 million in net cash from operating activities. Operational highlights include securing significant contracts from DHS agencies and a large commercial customer, alongside strategic hires and product enhancements, with management expressing optimism for the second half of the fiscal year.

Airship AI Holdings, Inc. reported Q1 2026 net revenues of $6.3 million, a 15% increase year-over-year, with gross profit of $3.2 million and a gross margin of 50%, up 42% from the prior year. Despite a net loss of $721,000, the company generated $814,000 in net cash from operating activities. Operational highlights included a $4.6 million backlog and a $165.3 million validated pipeline, alongside significant contract awards and strategic hires aimed at expanding market reach and supporting future growth.

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.

Airship AI Holdings, Inc. announced the appointment of David V. Aguilar as the Company's first Advisory Board member. Mr. Aguilar brings over three decades of leadership experience in homeland security, border protection, and federal law enforcement, including serving as Acting Commissioner of U.S. Customs and Border Protection. His extensive background and insights into mission requirements and operational leadership are expected to be invaluable as Airship AI continues to expand its presence in the homeland security market with its AI-driven surveillance solutions.

Airship AI Holdings, Inc. announced it has been awarded a follow-on contract from an agency within the Department of Homeland Security (DHS). This contract is for the company's AI-driven technical solutions, which support public safety and investigative requirements, particularly along the Northern and Southern Borders. The award highlights the increasing demand for secure, AI-driven enterprise video intelligence solutions and positions Airship AI to capitalize on national security priorities and major border initiatives.