Every material Form 8-K Airship AI Holdings, Inc. has filed with the SEC since May 11, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Airship AI Holdings reported third-quarter 2026 net revenues of $6.23 million, up 429% from $1.18 million a year earlier, with gross profit of $3.50 million and a 56.2% gross margin. Net income of $9.62 million, or $0.28 per basic share, was driven mainly by $10.18 million in non-cash gains from changes in the fair value of earnout and warrant liabilities, while the operating loss narrowed to $561,000 from $2.87 million.
Operating loss was $561,000, including $555,000 of non-cash stock-based compensation; the company says it operated at breakeven excluding noncash expenses.
Other income of $10.18 million, mainly a $6.83 million warrant liability gain and a $3.23 million earnout liability gain, lifted net income to $9.62 million.
Backlog was $28.3 million as of September 30, 2026; cash and cash equivalents were $12.74 million.
Airship AI reported second-quarter 2026 net revenues of $4.12 million, up 92% from $2.15 million a year earlier, with gross profit up 102% to $3.10 million. The company posted a net loss of $2.4 million, or $0.07 per share, compared with a net loss of $23.76 million, or $0.75 per share, in the second quarter of 2025, when large fair-value charges on warrant and earnout liabilities were recorded.
Net revenues were $4.12 million for the quarter ended June 30, 2026, up 92% from $2.15 million a year earlier.
Gross profit was $3.10 million, a 75% gross margin, compared with $1.53 million a year earlier.
Net loss was $2.4 million ($0.07 per share) versus $23.76 million ($0.75 per share) in the prior-year quarter.
Backlog was $6.9 million as of August 6, 2026, and cash and cash equivalents were $12.37 million as of June 30, 2026.
Airship AI reported first-quarter 2026 net revenues of $6.3 million, up from $5.5 million a year earlier, and an operating loss that narrowed to $1.6 million from $1.7 million. The company swung to a net loss of $721,000, or $0.02 per share, after a prior-year quarter that included a $23.7 million net income driven by warrant and earnout fair value gains, so shareholders face a mixed picture of stronger operations but a lower reported bottom line.
Net revenues were $6.3 million, up from $5.5 million in Q1 2025; gross profit was $3.2 million versus $2.2 million.
Operating loss was $1,582,000, compared with $1,714,357 a year earlier; stock-based compensation was $666,000.
Net loss was $721,000 ($0.02 per basic share), compared with net income of $23.7 million ($0.75 per basic share) in Q1 2025.
Backlog was $4.6 million as of May 8, 2026, and cash and cash equivalents were $12.6 million as of March 31, 2026.
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