Airship AI Holdings, Inc.
Airship AI Holdings, Inc.
Airship AI Holdings, Inc. (AISP) — SEC Financial Statements & Analysis
Airship AI Holdings, Inc. (AISP) files its annual 10-K and quarterly 10-Q reports directly with the SEC. The financial data below is sourced as-filed from EDGAR — balance sheet, income statement, and cash flow as reported, without normalization or third-party adjustments.
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Related Party | - | - | - | - | - | - | - | - | - | - | 0 | - | |||||
Assets | |||||||||||||||||
Common Class A | - | - | - | - | - | - | - | - | - | - | -1 | 11 | |||||
Common Class B | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |||||
Cash And Cash Equivalents At Carrying Value | 13 | 12 | 6 | 6 | 9 | 11 | 7 | 0 | 2 | 3 | 0 | 0 | |||||
Assets Current | |||||||||||||||||
Assets Current | 18 | 19 | 7 | 9 | 12 | 13 | 8 | 4 | 3 | 5 | 0 | 0 | |||||
Prepaid Expense Current | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |||||
Accounts Receivable Net | - | - | - | 3 | 3 | 1 | 1 | 3 | 2 | 2 | - | - | |||||
Accounts Receivable Net Current | 5 | 6 | 1 | - | - | 1 | - | - | - | - | - | - | |||||
Prepaid Expense And Other Assets Current | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |||||
Prepaid Expense Noncurrent | - | - | - | - | - | - | - | - | - | - | - | 25 | |||||
Other Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |||||
Advances To Affiliate | - | - | - | - | - | - | - | - | - | 0 | - | - | |||||
Income Tax Receivable | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | - | - | |||||
Operating Lease Right Of Use Asset | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | - | - | |||||
Property Plant And Equipment Net | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | - | - | |||||
Assets Noncurrent | |||||||||||||||||
Assets Held In Trust Noncurrent | - | - | - | - | - | - | - | - | - | - | 25 | - | |||||
Assets Noncurrent | - | - | - | - | - | - | - | - | - | - | 25 | 25 | |||||
Assets | 19 | 19 | 8 | 10 | 13 | 14 | 9 | 5 | 5 | 6 | 25 | 25 | |||||
Liabilities | |||||||||||||||||
Liabilities And Stockhold… | |||||||||||||||||
Accounts Payable Current | 1 | 1 | 0 | 0 | 2 | 1 | 1 | 2 | 3 | 3 | 0 | 0 | |||||
Accrued Liabilities Current | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | |||||
Liabilities Current | |||||||||||||||||
Liabilities Current | 7 | 6 | 5 | 5 | 6 | 6 | 8 | 11 | 13 | 12 | 3 | 2 | |||||
Operating Lease Liability Current | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |||||
Deferred Revenue Current | 5 | 5 | 5 | 5 | 3 | 3 | 3 | 4 | 4 | 4 | - | - | |||||
Derivative Liabilities Noncurrent | - | - | - | - | - | - | - | - | - | - | 4 | 3 | |||||
Liabilities Noncurrent | |||||||||||||||||
Convertible Notes Payable Current | - | - | - | - | - | 0 | 2 | 3 | 4 | 3 | - | - | |||||
Loans Payable Current | - | - | - | - | - | - | - | - | - | 0 | - | - | |||||
Operating Lease Liability Noncurrent | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | - | - | |||||
Guaranty Liabilities | 12 | 13 | 28 | 33 | 19 | 34 | 4 | 6 | 8 | 1 | - | - | |||||
Deferred Revenue Noncurrent | 4 | 4 | 3 | 2 | 3 | 3 | 4 | 4 | 4 | 5 | - | - | |||||
Long Term Debt Noncurrent | - | - | - | - | - | - | - | - | - | 0 | - | - | |||||
Liabilities | 26 | 27 | 48 | 57 | 36 | 67 | 22 | 33 | 53 | 24 | 24 | 17 | |||||
Temporary Equity Carrying Amount Attributable To P… | - | - | - | - | - | - | - | - | - | - | 20 | 25 | |||||
Commitments And Contingen… | |||||||||||||||||
Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |||||
Common Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | 0 | |||||
Additional Paid In Capital | 39 | 38 | 29 | 28 | 28 | 22 | 12 | 3 | 1 | 0 | - | - | |||||
Stockholders Equity | |||||||||||||||||
Stockholders Equity | -7 | -7 | -40 | -47 | -24 | -53 | -13 | -28 | -48 | -17 | -12 | -11 | |||||
Stockholders Equity Inclu… | |||||||||||||||||
Retained Earnings Accumulated Deficit | -46 | -46 | -69 | -75 | -51 | -75 | -25 | -31 | -49 | -17 | -18 | -16 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | - | - | |||||
Liabilities And Stockholders Equity | 19 | 19 | 8 | 10 | 13 | 14 | 9 | 5 | 5 | 6 | 25 | 25 | |||||
Allowance For Doubtful Accounts Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |||||
Preferred Stock No Par Value | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |||||
Preferred Stock Par Or Stated Value Per Share | 0 | 0 | - | - | - | 0 | - | - | - | 0 | 0 | 0 | |||||
Preferred Stock Shares Authorized | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | |||||
Preferred Stock Shares Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |||||
Preferred Stock Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |||||
Common Stock Par Or Stated Value Per Share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.96 | 0 | - | - | |||||
Common Stock Shares Authorized | 1,200 | 1,200 | 1,200 | 1,200 | 1,200 | 1,200 | 1,200 | 1,200 | 1,200 | 1,200 | - | - | |||||
Common Stock Shares Issued | 34 | 34 | 32 | 32 | 32 | 31 | 27 | 0 | 139 | 137 | - | - | |||||
Shares Outstanding | 34 | 34 | 32 | 32 | 32 | 31 | 27 | 24 | 23 | 23 | - | - | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 18.43% | -9.80% | - | - | - | - | - | - | - | - | - | - |
| 2025 | 24.75% | 48.74% | 25.25% | -12.18% | 3.73% | 0.00% | 11.08% | -6.89% | -6.89% | 8.23% | -14.81% | 4.94% |
| 2024 | -35.02% | -29.21% | -36.70% | 9.33% | -14.68% | -23.02% | -7.71% | 59.40% | 20.97% | -4.48% | -14.15% | 4.48% |
| 2023 | - | - | - | -0.09% | -0.84% | -0.65% | 0.56% | -60.06% | -85.90% | -8.27% | -50.86% | -46.42% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 2.54 | 2.94 | 1.29 | 1.62 | 1.85 | 2.24 | 1.00 | 0.38 | 0.26 | 0.40 | 0.01 | 0.10 | |||||
| Quick Ratio | 2.49 | 2.90 | 1.28 | 1.62 | 1.84 | 2.24 | 0.96 | 0.34 | 0.26 | 0.40 | 0.01 | 0.09 | |||||
| Working Capital | 11.06M | 12.22M | 1.57M | 3.43M | 5.37M | 7.00M | 28.77K | -6.71M | -9.95M | -7.07M | -3.03M | -2.21M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | -3.66 | -3.72 | -1.20 | -1.22 | -1.55 | -1.26 | -1.70 | -1.19 | -1.10 | -1.35 | -1.95 | -1.55 | |||||
| Interest Coverage TTM | -24.18 | -25.52 | -5.35 | -4.27 | -1.95 | -1.84 | -4.49 | -4.68 | -74.96 | -114.83 | -137.21 | -289.74 | |||||
| Debt Ratio | 1.38 | 1.37 | 5.95 | 5.65 | 2.82 | 4.87 | 2.42 | 6.27 | 11.31 | 3.87 | 0.94 | 0.66 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 1.01 | 0.92 | 1.40 | 1.78 | 2.04 | 2.33 | 1.40 | 1.55 | 1.31 | 2.46 | 0.05 | 0.03 | |||||
| Days Sales Outstanding TTM | 121.41 | 91.59 | 37.83 | - | - | 19.43 | - | - | - | - | - | - | |||||
| Receivables Turnover TTM | 3.01 | 3.99 | 9.65 | - | - | 18.79 | - | - | - | - | - | - | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 0.14 | 0.76 | -1.04 | -1.38 | -0.05 | -2.34 | 0.36 | 0.16 | -0.73 | 0.80 | -0.56 | -0.42 | |||||
| Free Cash Flow Per Share TTM | -0.15 | -0.25 | -0.21 | -0.20 | -0.22 | -0.26 | -0.21 | -0.29 | -0.20 | -11.34 | -11.21 | -11.33 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 53.36% | 50.24% | 46.62% | 52.17% | 56.37% | 45.67% | 45.62% | 44.22% | 38.06% | 46.87% | - | - | |||||
| Operating Profit Margin TTM | -43.80% | -47.10% | -67.26% | -49.66% | -21.23% | -15.21% | -10.97% | -9.67% | -31.81% | -53.99% | -98.04% | -122.16% | |||||
| Net Profit Margin TTM | 30.26% | 191.38% | -364.10% | -320.69% | -9.97% | -249.30% | 52.76% | 20.40% | -84.05% | 133.10% | -157.85% | -168.12% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | -10.05% | -33.53% | -49.96% | -41.77% | -9.82% | 87.41% | 197.18% | 312.83% | 578.42% | - | - | - | |||||
| Net Income Growth (1Y) | -372.97% | -151.02% | -445.29% | -1,015.23% | -89.30% | -451.01% | -199.33% | -150.10% | 265.89% | -3,458.23% | -229.70% | -152.91% | |||||
| EPS Growth (1Y) | -351.70% | -138.70% | -366.73% | -766.77% | -92.27% | -490.37% | -211.85% | -159.05% | 264.50% | -3,461.20% | -213.22% | -152.91% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 15.88 | 3.19 | -3.77 | -4.27 | -68.27 | -2.68 | 4.48 | 17.34 | -9.01 | 2.84 | -23.22 | -30.68 | |||||
| P/B | -10.79 | -13.10 | -4.12 | -4.00 | -5.21 | -2.90 | -4.40 | -2.98 | -3.14 | -2.66 | -24.26 | -27.46 | |||||
| P/S TTM | 4.80 | 6.11 | 13.74 | 13.68 | 6.81 | 6.68 | 2.36 | 3.54 | 7.57 | 3.78 | 36.65 | 51.58 | |||||
| Market Cap | 77.70M | 93.67M | 165.29M | 187.74M | 122.38M | 153.91M | 56.80M | 83.36M | 150.90M | 46.48M | 296.62M | 294.47M | |||||
| Enterprise Value | 65.14M | 81.92M | 159.53M | 181.43M | 113.57M | 150.96M | 52.08M | 85.81M | 153.38M | 49.10M | 296.14M | 292.21M | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | -5.09M | -8.00M | -6.61M | -6.28M | -6.91M | -6.50M | -5.17M | -6.70M | -4.58M | -309.98M | -311.65M | -309.93M | |||||
| Net Debt | -12.57M | -11.75M | -5.76M | -6.31M | -8.81M | -2.95M | -4.72M | 2.45M | 2.48M | 2.62M | -482.37K | -2.26M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
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| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
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| Effective Tax Rate TTM | |||||||||||||||||
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| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
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| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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