Airgain Inc. Common Stock (AIRG)

FairStock Score: 27/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Airgain is a small wireless connectivity supplier with 106 employees, selling embedded components, antennas, and integrated systems. A Graham-style buyer begins with durable earning power and a margin of safety. Here, the filed record shows little consistency. In fiscal 2023, revenue was $56.0M and net loss was $12.4M. In fiscal 2024, revenue rose to $60.6M, but net loss was $8.7M. In fiscal 2025, revenue fell to $51.8M and net loss was $6.4M. The latest fiscal Q2 2026, the quarter ended 2026-06-30, had revenue of $13.7M and net loss of $1.7M, or diluted EPS of -$0.13. That compares with fiscal Q2 2025, the quarter ended 2025-06-30, with revenue of $13.6M and net loss of $1.5M. Sales are roughly flat, and losses persist. FairStock's calculations show return on equity of -23.72%, return on capital employed of -9.34%, negative free cash flow of $3.2M, and a negative free cash flow yield of -5.8%. The Piotroski score is 3/9 and Altman Z-score is -0.48, both signs of financial frailty. To its credit, debt/equity is 0.15, so leverage is modest. But at the $4.22 close on 2026-10-13, FairStock's price-to-book calculation is 1.88 on a company with no profits and negative cash flow. FairStock's P/E is -7.40, not a valuation anchor. FairStock score is 27/100 and no Lynch category applies because of losses in each of the last four years. Until Airgain demonstrates durable positive earnings and cash generation, I see speculation, not investment.

In plain English: Airgain makes wireless antennas and connectivity parts for devices, networks, and vehicles. The business looks weak: it has lost money for years, sales have not grown much, and it is burning cash. At $4.22, the stock does not look clearly cheap because there are no profits to support the price.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer