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Airship AI Holdings, Inc.

AISP

$1.75 ▼ -0.11 (-6.18%) at close

5 Visible periods

27 Metrics

Peer-ranked Benchmarks

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Health

Poor

Bearish

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Analytical Summary

Airship AI Holdings, Inc. faces fundamental challenges with weakness in Operating Margin (%). The fundamentals warrant careful consideration of downside risks.

Market Cap $56.7M

Dividend Yield —

Revenue Growth -33.5% ↘

Op. Margin -47.1% ↘

ROIC 79.7% ↗

FCF / Share $-0.25 ↗

Trailing P/E 1.9x

Price / Book —

FCF Yield —

Debt / Equity —

info Valuation on last close. End-of-day price, Nov 5, 2026.

5-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$15.32M

↓ -33.5% —

Net Income Profit after all expenses

$29.32M

↑ +151.0% —

Operating Margin Operating profit as % of sales

-47.1%

↓ -209.7% 5th

FCF / Share Free cash flow per share

$-0.25

↑ +6.6% —

Long-Term Debt Long-term obligations

$0.00

↓ -100.0% —

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Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Operating Margin (%)Operating Margin (%) is in the bottom quartile

Health Breakdown

Profitability ↓

Cash Quality ↑

Financial view

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📈 Is growth accelerating? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗
Revenue Growth YoY (%)	-33.5% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-379%)	87.4% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+628%)	-15.5% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-229%)	—	—
FCF Growth YoY (%)	6.6% Fair ↑ Fair Improving Year-over-year change in free cash flow	-9.9% Weak ↑ Weak Improving Year-over-year change in free cash flow	-11.0% Weak Weak Year-over-year change in free cash flow	-22.4% Weak Weak Year-over-year change in free cash flow	—
Revenue CAGR 3Y (%)	1.7% Weak Weak Compound annual revenue growth over 3 years	—	—	—	—

💰 Are margins durable? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗
Operating Margin (%) (%)	-47.1% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-335%)	-15.2% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-176%)	-54.0% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-370%)	-19.4% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-197%)	—
Profit Margin (%) (%)	—	-249.3% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1762%)	—	-3.4% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-122%)	—
FCF Margin (%) (%)	-52.2% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-28.2% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-26.8% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-20.0% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	-0.27x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.11x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.20x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	5.95x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	-0.31x Weak Weak Free cash flow relative to reported net income Optimal: > 1x

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗
Return on Invested Capital (%)	79.7% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	5.2% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	31.6% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	27.1% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	4.5% Caution Caution Return earned on debt + equity capital invested Optimal: > 10%
Return on Capital (%) (%)	-37.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-25.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-95.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-72.2% Weak Weak Operating profit relative to total assets Optimal: > 10%	-0.3% Weak Weak Operating profit relative to total assets Optimal: > 10%
Return on Common Equity (%) (%)	—	108.4% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+486%)	-98.7% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-633%)	5.8% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-68%)	-27.9% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-251%)

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗
Debt to Equity (x)	—	—	0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	-0.02x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-103%)	—
Interest Coverage (x)	—	-294.23x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-119.25x Weak Weak Operating income divided by interest expense Optimal: > 5x	-37.52x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$-11.75M	$-11.41M	$-3.12M	$-167.01K	$-1.66M
Debt / EBITDA (x)	—	—	0.00x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.05x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗
Revenue per Share (USD)	$0.47	$0.94	$0.90	$1.09	—
Basic EPS, GAAP (USD)	$0.90	$-2.34	—	—	—
Free Cash Flow per Share (USD)	$-0.25	$-0.26	$-0.24	$-0.22	$-0.18
Book Value per Share (USD)	$-0.21	$-1.73	$-0.73	$-0.62	$-2.06
Tangible Book Value per Share (USD)	$-0.21	$-1.73	$-0.73	$-0.62	$-2.06
Basic Weighted Avg Shares (shares)	32.41M	24.59M	13.67M	13.39M	8.76M

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗
Working Capital (USD)	$12.22M	$7.00M	$-6.17M	$-4.04M	$2.03M
LT Debt (USD)	—	—	$0.00	$131.61K	—
Total Equity (USD)	$-7.15M	$-53.02M	$-16.59M	$-8.36M	$-18.01M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗
Sales/Revenue/Turnover (USD)	$15.32M	$23.05M	$12.30M	$14.55M	—
Depreciation Expense (USD)	—	—	$14.88K	$14.88K	—
Net Income, GAAP (USD)	$29.32M	$-57.46M	$16.37M	$-487.49K	$5.02M
Operating Cash Flow (USD)	$-8.00M	$-6.50M	$-3.29M	$-2.90M	$-1.55M

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Synced 5 days ago 5 years · 22 quarters

Airship AI Holdings, Inc.

Analytical Summary

5-Year Financial Trajectory

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Bearish Risks

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