Airgain, Inc. (AIRG) Stock

Airgain, Inc. (AIRG) is a Technology stock trading at $5.28 (as of 2026-08-20), with a market capitalization of $66.93M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Airgain, Inc. designs, develops, and engineers antenna products for original equipment and design manufacturers, vertical markets, chipset vendors, service providers, value-added resellers and software developers worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; ultra-embedded antennas; SmartMax embedded antennas; and MaxBeam carrier class antennas, as well as automotive, fleet, public safety, and machine-to-machine antennas under the Antenna Plus brand. It provides embedded antenna technologies to enable high performance wireless networking in a range of devices and markets, including consumer, enterprise, and automotive. The company was formerly known as AM Group and changed its name to Airgain, Inc. in 2004. Airgain, Inc. was incorporated in 1995 and is headquartered in San Diego, California.

Understand Airgain, Inc.: how it makes money

Airgain, Inc. designs, develops, and engineers embedded antenna products sold to original equipment and design manufacturers, vertical markets, chipset vendors, service providers, value-added resellers, and software developers, with products including MaxBeam and Antenna Plus antennas, and it also provides Airgain Connect fleet pipeline activity tied to these antenna solutions.

The profit engine is conversion, pipeline activity into antenna design wins and customers, then monetization through shipments that translate a growing Airgain Connect opportunity base into revenue.

Revenue by segment (latest quarter)
Enterprise$0.0B
Consumer$0.0B
Automotive$0.0B
NimbleLink$0.0B

Business quality (Weak): In the latest quarter, revenue is reported as 0.0B while gross margin is 43.2% and operating margin is -18.4%, so profitability is constrained by operating expenses. The operating KPIs show pipeline and design activity (for example, 100 active opportunities and 2 tier 1 mobile network operator design wins), but investors should focus on whether these opportunities convert into revenue.

Bull case

  • High gross margin in the latest quarter: Gross margin is 43.2% (period 2026-03-31), suggesting product gross profitability even though overall profitability is negative.
  • Pipeline scale and traction signals: Airgain Connect shows 100 active opportunities, 40 Airgain Connect Fleet Trials, and 500 Airgain Connect Customer Leads, with 50 Airgain Connect Customers.

Bear case

  • Operating losses: Operating margin is -18.4% (period 2026-03-31), indicating operating expenses outweigh gross profit.
  • Very low reported revenue in the latest quarter: Revenue is reported as 0.0B (period 2026-03-31), so there is limited demonstrated monetization in this quarter.
  • Segment concentration risk: Enterprise and Consumer Market Revenue are each 0.01B, while Automotive Market Revenue and NimbleLink Revenue Contribution are 0.0B in the provided breakdown, which can increase dependence on a smaller set of end markets.
Valuation — source: SEC EDGAR (first-party)
Price$5.28
Market Cap$66.93M
Price / Book2.28
Price / Sales1.32
FCF Yield-8.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$51.78M
Net Margin-12.4%
Revenue Growth (YoY)-14.6%
EPS Growth (YoY)-31.6%
FCF Growth (YoY)-65.5%
Financial Health — source: SEC EDGAR
Altman Z-Score0.24 (distress)
Valuation vs Sector & Industry
Sector P/E (Technology)33.9
Industry P/E (Electronic Equipment)39.4
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderAMERIPRISE FINANCIAL INC ($3.89M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryElectronic Equipment
CEOJacob Suen
Employees121
CountryUS
IPO Date2016-08-12

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AIRG earnings history · AIRG institutional & insider holders · AIRG KPIs & operating metrics · AIRG financials · AIRG investor presentations & press releases · AIRG SEC filings · AIRG peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.