Airship AI Holdings Inc. Class A Common Stock (AISP)

FairStock Score: 74/100 — STEADY

Key Financials

AI Analysis

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

I approach Airship AI as a small, $70.6M market-cap software company with 67 employees, not as a proven franchise. At the $2.05 close on 2026-10-16, FairStock calculates a P/E of 3.06 and PEG of 0.03, which looks optically cheap. But the earnings base is unstable. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $4.1M and net loss was $2.4M; in fiscal Q1 2026, revenue was $6.4M and net loss was $720,604. FY2025 showed revenue of $15.3M and net income of $29.3M, while FY2024 had revenue of $23.1M and a net loss of $57.5M. That swing is too violent to treat as durable earning power without more evidence. The balance-sheet and cash signals are weak: trailing free cash flow is -$3.5M, FCF yield is -5.0%, FairStock ROCE is -29.44%, Piotroski F-Score is 4/9, and Altman Z-Score is -1.45. I cannot verify a moat from these figures; there is no recurring-revenue or customer-retention data. Growth has been uneven, and filed annual revenue actually fell from FY2024 to FY2025. The stock may be cheap on a reported-earnings screen, but Graham would demand a margin of safety in assets and consistent earnings. I would wait for evidence of repeatable profits and positive cash flow before calling this a sound value.

In plain English: Airship AI sells AI software that helps organizations manage and analyze data from devices. The business is small and has recently been losing money again, with uneven sales and negative cash flow, so it looks financially weak. The stock looks cheap compared with past reported earnings, but those earnings have been volatile, so it is not clearly a bargain.

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Data as of 2026-10-16 close · note generated 2026-10-20 · 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) · FY2022 10-K (period ended 2022-12-31)

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