Airship AI Q1 revenue rises 15% to $6.3 million; net loss of $721,000 vs prior-year profit
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.
Key points
- 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.
The filing
Written by AI on Nov 9, 2026, 11:45 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 11, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.