Airship AI Holdings, Inc. provides an AI-driven video, sensor, and data management surveillance platform. Headquartered in Redmond, Washington, the company serves government agencies, law enforcement, military, and commercial enterprises across the United States. Its platform is designed to structure and analyze unstructured data at the edge, delivering real-time actionable intelligence to improve public safety and operational efficiency.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
15,321
23,050
12,300
14,549
Cost of Sales
7,624
12,523
6,535
6,128
Gross Profit
7,698
10,527
5,764
8,421
Selling, General & Administrative Expenses
11,837
11,227
9,675
7,630
Research & Development Expenses
3,076
2,805
2,729
3,615
Operating Profit
(7,216)
(3,505)
(6,640)
(2,824)
Interest and Investment Income
—
—
—
43
Interest Expense
—
—
—
(75)
Non-Operating Income
36,537
(53,960)
23,011
2,379
Total Non-Operating Income
36,537
(53,960)
23,011
2,346
Income Before Provision for Income Taxes
29,321
(57,465)
16,371
(477)
Provision for Income Taxes
—
—
—
10
Consolidated Net Income
29,321
(57,465)
16,371
(487)
Net Income Attributable to Common Shareholders
29,321
(57,465)
16,371
(487)
Basic EPS
0.90
-2.34
1.20
-0.04
Diluted EPS
0.76
-2.34
0.80
-0.04
Basic Weighted Average Shares Outstanding
32,413
24,586
13,671
13,387
Diluted Weighted Average Shares Outstanding
38,681
24,586
20,391
13,387
Shares Outstanding
34,368
30,588
22,812
41,492
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
11,750
11,415
3,124
299
Total Cash and Cash Equivalents
11,750
11,415
3,124
299
Accounts Receivable
6,463
1,227
1,649
706
Other Receivables
—
—
7
968
Total Trade Receivables
6,463
1,227
1,656
1,673
Other Current Assets
294
18
18
16
Total Current Assets
18,507
12,659
4,799
1,988
Net Property, Plant & Equipment
808
882
1,107
821
Other Long-Term Assets
161
166
182
1,100
Total Assets
19,475
13,707
6,088
3,909
Accounts Payable
1,150
759
2,908
217
Accrued Expenses
28
52
201
121
Short-Term Debt
—
—
2,825
—
Current Portion of Long-Term Debt
—
—
—
293
Current Portion of Leases
439
305
175
628
Unearned Revenue
4,668
3,238
4,009
4,168
Other Current Liabilities
—
1,300
1,750
600
Total Current Liabilities
6,285
5,655
11,868
6,027
Leases
425
639
944
204
Other Long-Term Liabilities
19,915
60,437
10,764
6,037
Total Long-Term Liabilities
20,340
61,076
11,707
6,241
Total Liabilities
26,625
66,731
23,575
12,268
Common Stock
3
3
2
1
Additional Paid-in Capital
38,478
21,919
—
1,965
Accumulated Other Comprehensive Income
(11)
(3)
(13)
(10)
Retained Earnings
(45,620)
(74,942)
(17,477)
(10,314)
Total Common Shareholders' Equity
(7,150)
(53,023)
(17,487)
(8,358)
Total Shareholders' Equity
(7,150)
(53,023)
(17,487)
(8,358)
Total Liabilities and Shareholders' Equity
19,475
13,707
6,088
3,909
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
29,321
(57,465)
16,371
(487)
Depreciation & Amortization
378
225
611
532
Share-Based Compensation Expense
1,630
1,561
2,852
546
Other Adjustments
(36,254)
53,979
(23,090)
(1,129)
Changes in Trade Receivables
(5,236)
422
(943)
126
Changes in Accounts Payable
367
(2,295)
666
(89)
Changes in Unearned Revenue
2,444
(2,780)
(3)
(915)
Changes in Other Operating Activities
(655)
(151)
244
(1,486)
Cash from Operating Activities
(8,005)
(6,504)
(3,291)
(2,903)
Issuance of Short-Term Debt
—
—
—
565
Repayments of Short-Term Debt
—
—
(425)
(141)
Net Issuance / (Repayments) of Short-Term Debt
—
—
(425)
425
Issuance of Long-Term Debt
—
—
2,585
—
Net Issuance / (Repayments) of Long-Term Debt
—
—
2,585
—
Issuance of Common Shares
9,647
15,235
2,810
—
Net Issuance / (Repurchases) of Common Shares
9,647
15,235
2,810
—
Other Financing Activities
(1,300)
(450)
1,150
1,442
Cash from Financing Activities
8,347
14,785
6,120
1,866
Effect of Exchange Rate Changes on Cash and Cash Equivalents
(7)
9
(3)
(10)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash