)
Visual
test
Airgain
Airgain (AIRG) investor relations material
Airgain Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary12 Nov, 2025
Executive summary
Achieved third consecutive quarter of sequential revenue growth, with Q3 2025 revenue at $14.0 million, up 2.9% sequentially but down 12.9% year-over-year, and delivered strong gross margins and positive adjusted EBITDA.
Core business in consumer, enterprise, and automotive markets remains stable and profitable, funding growth platforms AirgainConnect/AC-Fleet and Lighthouse.
Secured key certifications for AirgainConnect/AC-Fleet and Lighthouse, expanding opportunities in public safety, enterprise, utility, and global 5G infrastructure markets.
Operating expenses decreased 17% year-over-year due to lower personnel and engineering costs, with continued investment in growth platforms.
Received $2.0 million in employee retention credit refunds, boosting other income and offsetting year-to-date operating loss.
Financial highlights
Q3 2025 revenue was $14.0 million, up 3% sequentially and at the midpoint of guidance, but down 12.9% year-over-year.
Non-GAAP gross margin improved to 44.4% from 43.8% in Q2 and up 160 basis points year-over-year; GAAP gross margin was 43.6%.
Adjusted EBITDA was $0.3 million, up from a loss of $0.4 million in Q2; non-GAAP net income was $0.1 million or $0.01 per share; GAAP net loss was $1.0 million ($0.08 per share).
Non-GAAP operating expenses were $6.1 million, lower both sequentially and year-over-year; GAAP operating expenses were $7.1 million.
Ended Q3 with $7.1 million in cash and equivalents.
Outlook and guidance
Q4 2025 revenue expected between $12.0 million and $14.0 million, midpoint $13.0 million, reflecting a 7% sequential decline.
Q4 non-GAAP gross margin expected between 42.5% and 45.5%, midpoint 44%; GAAP gross margin expected between 41.3% and 44.3%.
Q4 non-GAAP operating expenses projected at $5.8 million, with positive adjusted EBITDA of $0.1 million at midpoint; non-GAAP net income per share expected to be break even.
Management expects continued investment in growth initiatives and operational efficiencies, with sufficient liquidity for at least the next 12 months.
2026 growth expected from Wi-Fi 7 transition, new design wins, and expansion of AirgainConnect/AC-Fleet and Lighthouse platforms.
When will Wi-Fi 7 design win revenue ramp?
OpEx strategy for 2026 growth platforms
AirgainConnect Tier 1/2 conversion timeline
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Latest summaries
- TimeTickerHeadlineOpen
- 6 FebPECO
Record 2025 occupancy and 7% Core FFO growth; 2026 targets 5.5% FFO growth and strong acquisitions. - 6 FebPROV
Q2 FY2026 net income rose 65% year-over-year, with higher margins and strong credit quality. - 6 FebNVDA
AI-driven digital twins and accelerated computing are set to revolutionize industrial design and manufacturing. - 6 FebCDP
2025 FFO/share rose 5.8% to $2.72, with strong leasing and investment; 2026 guidance signals more growth. - 6 FebCRI
Q1 2025 saw record revenue, a return to profit, and major new contracts in space technology. - 6 FebCRINet loss widened to 7.5m PLN in H1 2024 as revenue fell and R&D costs remained high.
- 6 FebCRINet loss deepened on lower sales and higher costs, but major new contracts and restructuring are underway.
- 6 FebEMBASSY
Record revenue, NOI, and distributions highlight strong growth and robust segment performance. - 6 FebCRIRevenue fell and losses deepened, but ESA contracts and R&D projects drive future prospects.
- 6 FebTUPRS
Net income reached TRY 29.5 billion, with strong dividends and a robust net cash position.
Next Airgain earnings date
Q4 202526 Feb, 2026
Airgain
Next Airgain earnings date
Q4 202526 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Airgain Inc designs and delivers antenna systems and wireless connectivity solutions for consumer, enterprise, and automotive applications. The company’s products support Wi-Fi, cellular, and GPS technologies, and are integrated into access points, routers, and vehicles. The company is headquartered in San Diego, California, and its shares are listed on the NASDAQ.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage