Airship AI Q3 revenue rose 429% to $6.23 million; operating loss narrowed
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.
Key points
- 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.
The filing
Written by AI on Nov 9, 2026, 11:44 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 November 05, 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.