olivLaw · US equity research
Airgain, Inc. AIRG
Radio & Tv Broadcasting & Communications Equipment · SIC 3663 · Vertical: Radio & Tv Broadcasting & Communications Equipment (SIC 3663)
Airgain, Inc. is a provider of wireless connectivity solutions for the enterprise, automotive and consumer markets, moving from RF components toward integrated systems combining hardware, software and cloud management. Sales fell 14.6% in 2025, but rose 19.1% sequentially in the second quarter of 2026, which makes the progress of the AirgainConnect and Lighthouse platforms relevant.
At the close of 04 Nov 2026, Airgain, Inc. (AIRG) stock was 4.23 USD (+0.48% on the day), with market capitalisation 55.4 m USD, beta 0.87, 52-week range 3.07–7.39 USD. Latest reported quarter (Q2 2026): revenue of 13.7 m USD (+0.6% YoY), net income of -1.7 m USD, diluted EPS -0.13 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 46.1
- neutral
- Bollinger (20, 2)
- 3.94 – 4.26
- in the upper half of the band · %B 0.91 · band width 7.8%
- SMA 50 / 200
- 4.69 / 5.49
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.14 / -0.20
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +0.7% | −1.1% | +1.8 pp | — |
| 3 months | −26.0% | −0.5% | −25.6 pp | — |
| 6 months | −40.0% | +4.4% | −44.4 pp | — |
| Year to date | +4.2% | +12.3% | −8.1 pp | — |
| 1 year | +2.4% | +13.5% | −11.1 pp | +0.5% |
| 3 years | +34.7% | +76.4% | −41.7 pp | +53.9% |
| 5 years | −62.3% | +63.7% | −126.0 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 16.1 m | 15.1 m | 12.0 m | 13.6 m | 14.0 m | 12.1 m | 11.5 m | 13.7 m |
| Cost of revenue | 9.4 m | 8.7 m | 6.9 m | 7.8 m | 7.9 m | 6.7 m | 6.5 m | 7.9 m |
| Gross profit | 6.7 m | 6.4 m | 5.2 m | 5.8 m | 6.1 m | 5.4 m | 5.0 m | 5.8 m |
| Research & development | 2.9 m | 2.8 m | 2.5 m | 2.6 m | 2.1 m | 2.4 m | 2.2 m | 2.9 m |
| Operating income | -1.8 m | -2.0 m | -3.1 m | -2.0 m | -967.0 k | -2.4 m | -2.1 m | -1.7 m |
| Pre-tax income | -1.8 m | -2.0 m | -1.5 m | -1.5 m | -954.0 k | -2.4 m | -1.8 m | -1.7 m |
| Income tax | -39.0 k | -7.0 k | 24.0 k | 14.0 k | 10.0 k | 25.0 k | 72.0 k | -28.0 k |
| Net income | -1.8 m | -2.0 m | -1.5 m | -1.5 m | -964.0 k | -2.4 m | -1.9 m | -1.7 m |
| Diluted EPS | -0.16 | -0.17 ≈ | -0.13 | -0.12 | -0.08 | -0.20 ≈ | -0.15 | -0.13 |
| Operating cash flow | -1.2 m ≈ | -26.0 k | -1.0 m | 129.0 k ≈ | -411.0 k ≈ | 194.0 k | -759.0 k | -1.8 m ≈ |
| Capex | 27.0 k ≈ | 1.0 k | 42.0 k | 16.0 k ≈ | 7.0 k ≈ | 101.0 k | 55.0 k | 35.0 k ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 60.6 m | 55.7 m | 48.5 m | 64.3 m | 75.9 m | 56.0 m | 60.6 m | 51.8 m |
| Revenue YoY | +22.4% | −8.1% | −13.0% | +32.5% | +18.1% | −26.2% | +8.1% | −14.6% |
| Net income | -2.6 m | 926.0 k | -3.3 m | -10.1 m | -8.7 m | -12.4 m | -8.7 m | -6.4 m |
| Net income YoY | −326.5% | unavailable | −454.1% | unavailable | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS | -0.27 | 0.09 | -0.34 | -1.01 | -0.85 | -1.20 | -0.79 | -0.54 |
| Diluted EPS YoY | −345.5% | unavailable | −477.8% | unavailable | unavailable | unavailable | unavailable | unavailable |
| net % | -4.3% | 1.7% | -6.8% | -15.7% | -11.4% | -22.2% | -14.3% | -12.4% |
| Free cash flow | 387.0 k | 1.2 m | 3.0 m | -11.9 m | 3.7 m | -3.6 m | -3.7 m | -1.3 m |
Reported results vs expectations
Loading…
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 7.4 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 28.3 m USD
- Total assets
- 45.3 m USD
- Debt / equity
- unavailable
- Current ratio
- 1.98x
- ROE
- -21.7%
- ROA
- -13.7%
- FCF margin
- -2.5%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 48.5 m | 64.3 m | 75.9 m | 56.0 m | 60.6 m | 51.8 m | SEC (XBRL)· 26 Feb 2026verified |
| Cost of revenue | 25.9 m | 39.7 m | 47.9 m | 35.3 m | 35.8 m | 29.2 m | SEC (XBRL)· 26 Feb 2026verified |
| Gross profit | 22.6 m | 24.6 m | 28.0 m | 20.8 m | 24.8 m | 22.5 m | SEC (XBRL)· 26 Feb 2026verified |
| Research & development | 9.2 m | 10.9 m | 11.3 m | 10.5 m | 11.9 m | 9.5 m | SEC (XBRL)· 26 Feb 2026verified |
| Operating income | -3.2 m | -12.1 m | -8.6 m | -12.4 m | -8.9 m | -8.5 m | SEC (XBRL)· 26 Feb 2026verified |
| Pre-tax income | -3.0 m | -12.1 m | -8.6 m | -12.3 m | -8.8 m | -6.4 m | SEC (XBRL)· 26 Feb 2026verified |
| Income tax | 273.0 k | -2.0 m | 84.0 k | 128.0 k | -152.0 k | 73.0 k | SEC (XBRL)· 26 Feb 2026verified |
| Net income | -3.3 m | -10.1 m | -8.7 m | -12.4 m | -8.7 m | -6.4 m | SEC (XBRL)· 26 Feb 2026verified |
| Diluted EPS | -0.34 | -1.01 | -0.85 | -1.20 | -0.79 | -0.54 | SEC (XBRL)· 26 Feb 2026verified |
| Weighted average diluted shares | 9.7 m | 10.0 m | 10.2 m | 10.4 m | 11.1 m | 11.8 m | SEC (XBRL)· 26 Feb 2026verified |
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 38.2 m | 14.5 m | 11.9 m | 7.9 m | 8.5 m | 7.4 m | SEC (XBRL)· 26 Feb 2026verified |
| Receivables | 4.8 m | 10.8 m | 8.7 m | 7.4 m | 11.7 m | 12.8 m | SEC (XBRL)· 26 Feb 2026verified |
| Inventories | 1.0 m | 8.9 m | 4.2 m | 2.4 m | 4.0 m | 3.6 m | SEC (XBRL)· 26 Feb 2026verified |
| Current assets | 45.4 m | 35.5 m | 27.2 m | 19.1 m | 25.8 m | 25.8 m | SEC (XBRL)· 26 Feb 2026verified |
| Property, plant & equipment, net | 2.4 m | 2.7 m | 2.8 m | 2.5 m | 2.0 m | 1.7 m | SEC (XBRL)· 26 Feb 2026verified |
| Goodwill | 3.7 m | 10.8 m | 10.8 m | 10.8 m | 10.8 m | 10.8 m | SEC (XBRL)· 26 Feb 2026verified |
| Intangibles (excl. goodwill) | 3.2 m | 14.2 m | 11.2 m | 8.2 m | 5.8 m | 2.8 m | SEC (XBRL)· 26 Feb 2026verified |
| Total assets | 54.9 m | 66.4 m | 54.4 m | 42.2 m | 48.4 m | 45.3 m | SEC (XBRL)· 26 Feb 2026verified |
| Accounts payable | 3.0 m | 5.5 m | 6.5 m | 6.5 m | 9.5 m | 9.2 m | SEC (XBRL)· 26 Feb 2026verified |
| Current liabilities | 6.9 m | 19.9 m | 12.9 m | 10.0 m | 13.5 m | 13.0 m | SEC (XBRL)· 26 Feb 2026verified |
| Total liabilities | 7.2 m | 22.2 m | 14.6 m | 10.8 m | 17.5 m | 17.0 m | SEC (XBRL)· 26 Feb 2026verified |
| Equity | 47.7 m † | 44.2 m † | 39.8 m † | 31.4 m † | 31.0 m † | 28.3 m † | SEC (XBRL)· 26 Feb 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 3.7 m | -11.2 m | 4.4 m | -3.3 m | -3.5 m | -1.1 m | SEC (XBRL)· 26 Feb 2026verified |
| Capex | 727.0 k | 736.0 k | 763.0 k | 346.0 k | 178.0 k | 166.0 k | SEC (XBRL)· 26 Feb 2026verified |
| Free cash flow | 3.0 m ≈ | -11.9 m ≈ | 3.7 m ≈ | -3.6 m ≈ | -3.7 m ≈ | -1.3 m ≈ | SEC (XBRL)· 26 Feb 2026derived |
| Investing cash flow | 20.9 m | -14.9 m | -750.0 k | -346.0 k | -178.0 k | -389.0 k | SEC (XBRL)· 26 Feb 2026verified |
| Financing cash flow | 561.0 k | 2.4 m | -6.3 m | -458.0 k | 4.3 m | 350.0 k | SEC (XBRL)· 26 Feb 2026verified |
| Share repurchases | 608.0 k | 97.0 k | 0 | — | — | — | SEC (XBRL)· 20 Mar 2023verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
4 indicators that do not apply to the sector.
Valuation
olivLaw classification
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 55.4 m USD
Key indicators
Coverage and freshness
Score by group
72% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · the reported interest expense is far older than the latest period (the filer changed its XBRL tag): a stale figure is not used
- Peers: EV/Salesunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| Gross margin · Quality | 43.4% | 9 (on a fixed band) | 15% |
| EBIT margin · Quality | -14.0% | 40 (vs peers) | 12% |
| FCF margin · Quality | -5.8% | 0 (on a fixed band) | 12% |
| Revenue CAGR 3Y · Growth | -12.0% | 0 (on a fixed band) | 24% |
| Revenue growth (YoY) · Growth | -14.6% | 10 (vs peers) | 12% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 2.0x | 71 (on a fixed band) | 9% |
| EV/Sales · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -5.4% | 0 (on a fixed band) | 18% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial71/100 · 1/2 factors with a value
- Growth3/100 · 2/2 factors with a value
- Quality16/100 · 3/3 factors with a value
- Returns· partialunavailable · 0/1 factors with a value
- Valuation· partial0/100 · 1/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Airgain, Inc. (AIRG). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 51.8 m USD in 2025; YoY growth -14.6%; net margin -13.6%; ROE -23.7%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Current ratio: 2.0x
What contradicts it
- Gross margin: 43.4%
- FCF margin: -5.8%
- Revenue CAGR 3Y: -12.0%
- Revenue growth (YoY): -14.6%
- FCF yield: -5.4%
Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA, EV/Sales, Shareholder yield (distributions).
Versus the vertical median
Radio & Tv Broadcasting & Communications Equipment (SIC 3663) · same industry (4-digit SIC) · compared with 20 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| QCOMQualcomm Inc | 185.3 bn | 13.6 | 52.8% | 31.6% | −2.6% | +3% / +34% |
| MSIMotorola Solutions, Inc. | 82.2 bn | 40.0 | 77.2% | 16.5% | +8.0% | +34% / +54% |
| UIUbiquiti Inc. | 34.0 bn | 35.4 | 91.1% | 29.3% | +27.2% | −4% / +400% |
| PLPlanet Labs PBC | 3.3 bn | — | -72.0% | -95.1% | +25.9% | +6% / +421% |
| ONDSOndas Inc. | 3.0 bn | 18.0 | 20.1% | 96.0% | +605.3% | −33% / +381% |
| VISNVistance Networks, Inc. | 1.5 bn | 0.2 | 22,304.0% | 247.7% | +39.7% | −67% / +286% |
| HLITHarmonic Inc. | 1.1 bn | — | -11.7% | -13.7% | −26.2% | +7% / −8% |
| BKSYBlacksky Technology Inc | 686.3 m | — | -44.8% | -61.2% | +4.4% | −5% / +59% |
| UMACUnusual Machines, Inc. | 650.9 m | — | -2.9% | -20.3% | +101.2% | +49% / unavailable |
| GILTGilat Satellite Networks Ltd. | 521.2 m | 20.8 | 5.2% | 4.6% | +47.9% | −39% / +10% |
| AVNWAviat Networks, Inc. | 254.8 m | 104.7 | 1.0% | 0.6% | +1.2% | −10% / −34% |
| BKTIBK Technologies Corp | 252.4 m | 19.7 | 30.6% | 15.0% | +12.5% | +5% / +415% |
| CRNTCeragon Networks Ltd | 176.8 m | — | -1.2% | -0.6% | −14.1% | −2% / +6% |
| VUZIVuzix Corp | 171.4 m | — | -122.7% | -519.0% | +9.1% | −25% / −3% |
| SATLSatellogic Inc. | 87.6 m | — | — | -325.6% | +37.6% | +95% / +140% |
| AIRGAirgain, Inc. | 55.4 m | — | -23.7% | -13.6% | −14.6% | +2% / +35% |
| WATTEnergous Corporation | 45.0 m | — | -32.8% | -76.4% | +633.1% | +30% / −87% |
| CMTLComtech Telecommunications Corp | 37.4 m | — | -50.5% | -14.5% | −17.0% | −59% / −90% |
| KUSTKustom Entertainment, Inc. | 22.6 m | — | -323.8% | -126.5% | +1.7% | −98% / −100% |
| ERICEricsson Lm Telephone Co | — | — | 27.9% | 12.0% | −4.5% | +15% / +126% |
| NOKNokia Corporation | — | — | 3.1% | 3.3% | +3.5% | +36% / +137% |
1- and 3-year price returns: for AIRG from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Airgain, Inc. is a provider of wireless connectivity solutions for the enterprise, automotive and consumer markets, moving from RF components toward integrated systems combining hardware, software and cloud management. Sales fell 14.6% in 2025, but rose 19.1% sequentially in the second quarter of 2026, which makes the progress of the AirgainConnect and Lighthouse platforms relevant.
SWOT
Strengths
- Integrated portfolio combining RF expertise with embedded software and cloud platforms, which may raise barriers to entry for competitors.
- Relationships with mobile network operators, cable operators and original equipment makers, plus carrier certifications in the United States.
- Gross margin improvement in 2025 and strong sequential growth in the second quarter of 2026 suggest revenue can scale efficiently.
Weaknesses
- Dependence on a small number of major customers and channel partners, whose loss could reduce sales significantly.
- History of net losses and an accumulated deficit, so future profitability remains uncertain.
- Reliance on external contract manufacturers and single or limited suppliers for some components, which could delay deliveries.
Opportunities
- Lighthouse launch in the United States and pilots with a logistics company and a residential community could open new revenue sources.
- Growing demand for robotics, drones, data center monitoring and utility communications could generate additional revenue.
- Subscriptions for cloud platforms and device management could create more predictable recurring revenue.
Threats
- Competition from component suppliers and from customers developing in-house solutions may reduce prices and market share.
- Satellite connectivity technologies could reduce demand for terrestrial solutions in some areas.
- Component supply constraints, trade policies and tariffs may affect costs and deliveries.
Risks
- Customer concentrationhigh
A small number of customers account for a significant part of sales, and losing any of them could reduce revenue materially.
- Uncertain profitabilityhigh
The company has reported net losses over several years and carries an accumulated deficit, so future profitability is not assured.
- Long sales cyclesmedium
Certifications and trials are not sufficient for volume deployments, and carrier sales cycles can span several quarters.
- Supply chain disruptionmedium
Interruptions at contract manufacturers or component shortages could delay shipments and affect margins.
- Acquisition integrationlow
Integrating the HPUE line acquired from Nextivity and other assets could present operational difficulties.
Investment thesis
What would need to be true (bull case)
- If the Lighthouse and AirgainConnect platforms reach higher volumes, recurring subscription revenue could meaningfully improve the company's financial profile.
- The sequential sales and adjusted EBITDA recovery in the second quarter of 2026 could indicate operating leverage if revenue keeps growing.
What would break the thesis
- If demand in the enterprise and automotive markets stays weak, revenue could remain below historical levels.
- The company has a history of losses and an accumulated deficit, and profitability could remain difficult to achieve.
- Supply constraints for memory and other components could limit consumer sales and pressure margins.
What to watch
- Sales and adjusted EBITDA guidance for the third quarter of 2026Q3 2026
- Timing of production shipments for robotics and drones and revenue from the data center monitoring design win2027
- Development of excess inventory at enterprise and automotive customers in the second half of the yearQ4 2026
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Airgain, headquartered in San Diego, California, organizes its activity around three markets: enterprise, automotive and consumer. Products include Smart NCR cellular repeaters, NimbeLink cellular modems, asset trackers, access point and IoT antennas, the AirgainConnect Fleet vehicle system and fleet antennas, and embedded antennas for consumer devices. The company uses an outsourced manufacturing model, retaining oversight of quality and delivery timelines.
The growth strategy aims to shift from components to wireless systems, with emphasis on AirgainConnect Fleet and Lighthouse. The model includes subscriptions for the AirgainConnect Cloud management platform and the NLink platform, which could bring recurring revenue. The company notes that such systems require carrier certifications and long purchasing cycles.
On February 20, 2026, Airgain acquired substantially all assets of the HPUE product business from Nextivity, which is included in the automotive market. The transaction involved no cash, equity or other consideration, and the company recorded a non-recurring gain on the acquisition.
Market context
Demand in the consumer and enterprise markets was affected in 2025 by excess inventory in distribution channels, and the company anticipates this could extend into the second half of 2026. Component supply constraints, including memory chips, may influence product availability and margins.
Trends
- Private 5G networkstailwind
Enterprises building private 5G networks for factories, logistics and campuses need economical coverage extension, which favors Lighthouse repeaters over full macro cell infrastructure.
- Satellite competitionmixed
Direct satellite-to-phone connectivity could reduce demand for some terrestrial solutions in remote areas, but may also create opportunities for hybrid solutions with dedicated antennas.
- Supply chain and componentsheadwind
The global shortage of semiconductors, including memory chips, could limit contract manufacturer output and product availability, affecting both Airgain's revenue and margins.
Competitive position
Airgain faces intense competition from component suppliers and from its own customers, some of whom may develop in-house solutions. The company says its differentiation comes from RF expertise, embedded software and cloud platforms, but the competitive landscape also includes new entrants.
In the repeater and fleet connectivity markets, competition comes from established suppliers and alternative solutions such as DAS or small cells. Price pressure from cost-conscious customers could force price reductions.
- Nextivity
Supplier whose HPUE product business Airgain acquired assets from in February 2026, indicating a close market relationship.
- Satellite direct-to-phone providers
Satellite connectivity operators that may compete with terrestrial networks in remote areas but also create demand for hybrid solutions.
- DAS and small cell providers
Alternative solutions for extending coverage in buildings and campuses, competing with Lighthouse repeaters.
- Consumer device makers and ODMs
Airgain customers that may develop in-house antennas, representing both customers and potential competitors.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report01 Oct 2026Departure or appointment of officers
- Quarterly report05 Aug 2026
- Current report05 Aug 2026Results of operations · Financial statements and exhibits
- Current report11 Jun 2026Shareholder vote
- Quarterly report06 May 2026
- Current report06 May 2026Results of operations · Financial statements and exhibits
- Proxy statement30 Apr 2026
- Current report21 Apr 2026Departure or appointment of officers
- Annual report26 Feb 2026
- Current report26 Feb 2026Results of operations · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Airgain, Inc. · 26 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Airgain, Inc. · 05 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Airgain, Inc. · 05 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.