What is the 13F Pro Quality Score for AIRG?

13F Pro ranks AIRGAIN INC (AIRG) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View AIRG's current score at https://13fpro.ai/research/AIRG (free sign-up required for the full ranking).

Where does 13F Pro source AIRG data?

All AIRGAIN INC fundamentals and ownership data come directly from SEC EDGAR. AIRGAIN INC files with the SEC under CIK 1272842. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is AIRG in?

AIRGAIN INC (AIRG) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

How often is AIRG research updated on 13F Pro?

AIRG's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

AIRGAIN INC(AIRG)Stock Analysis

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13F Pro Quality Score

19.2/100

Rank #2,699 of 2,879 stocks

View Technology peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

14.9/100

Profitability

23.8/100

Balance Sheet

15.0/100

Earnings Quality

30.0/100

Free Cash Flow

24.8/100

Institutional Flow

21.5/100

Revenue Scale

11.4/100

Dilution Risk

23.7/100

AIRG Stock Analysis & AI Quality Score

AI stock analysis and institutional research for AIRGAIN INC (AIRG), a Technology sector company. 13F Pro's AI-powered ranking engine scores AIRG at 19.2/100 on a 32-signal composite quality model, placing it at rank #2,699 of 2,879 stocks — the bottom half of the AI-ranked universe. Areas of concern include revenue scale (11.4) and revenue growth (14.9), which score below median versus the broader universe. Shareholder dilution risk is elevated at 23.7/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), AIRGAIN INC reports quarterly revenue of $11.5M, net income of $-1.9M, free cash flow of $-814.0K. Top institutional holders of AIRG by reported 13-F value include AMERIPRISE FINANCIAL, BLAIR WILLIAM & CO/IL, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. AIRG trades on the Nasdaq exchange and files with the SEC under CIK 1272842. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate AIRG daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for AIRGAIN INC directly from SEC EDGAR. AIRGAIN INC's 13F Pro composite quality score has ranged between 16 and 34 since 2021, currently 19.2 — a declining long-term trajectory across 28 quarterly and live scoring snapshots.

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Fun facts about AIRGAIN INC

Quirks, history, and lore behind AIRG — the kind of stuff that makes a stock memorable.

1
The Basics
A small-cap U.S. technology company listed on Nasdaq, headquartered in San Diego, California, focused on wireless connectivity hardware.
2
The Numbers
Annual revenue in the range of tens of millions of dollars — this is a micro-cap firm, not a giant — with a tight focus on a niche antenna market.
3
The History
Founded in the early 2000s, the company grew alongside the boom in connected devices and the expanding demand for reliable wireless signals in homes and vehicles.
4
The Secret
Its customers aren't consumers browsing a store shelf — they're cable operators, IoT device makers, and automotive suppliers who embed its components inside finished products.
5
The Lore
The company holds a portfolio of antenna technology patents and has pushed into the connected-vehicle space, betting that every car will eventually need a smarter aerial.
6
The Giveaway
Its name is essentially a portmanteau of "air" and "gain" — because boosting wireless signal strength through better antenna design is the entire business.

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Revenue

Q1 2026

$11.5M

Net Income

Q1 2026

$-1.9M

Free Cash Flow

Q1 2026

$-814.0K

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

-14.6% YoY

$51.8MFY 2025

FY22 $75.9MFY23 $56.0MFY24 $60.6MFY25 $51.8M

Net Income

+26.0% YoY

$-6.4MFY 2025

FY22 $-8.7MFY23 $-12.4MFY24 $-8.7MFY25 $-6.4M

Operating Income

+5.0% YoY

$-8.5MFY 2025

FY22 $-8.6MFY23 $-12.4MFY24 $-8.9MFY25 $-8.5M

EPS (Diluted)

+31.6% YoY

$-0.54FY 2025

FY22 $-0.85FY23 $-1.20FY24 $-0.79FY25 $-0.54

Total Assets

-6.4% YoY

$45.3MFY 2025

FY22 $54.4MFY23 $42.2MFY24 $48.4MFY25 $45.3M

Op. Cash Flow

+68.4% YoY

$-1.1MFY 2025

FY22 $4.4MFY23 $-3.3MFY24 $-3.5MFY25 $-1.1M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$51.8M -14.6%	$60.6M +8.1%	$56.0M -26.2%	$75.9M +18.1%	$64.3M +32.5%	$48.5M
Net Income	$-6.4M +26.0%	$-8.7M +30.1%	$-12.4M -43.5%	$-8.7M +14.2%	$-10.1M -207.6%	$-3.3M
Operating Income	$-8.5M +5.0%	$-8.9M +28.0%	$-12.4M -44.5%	$-8.6M +29.2%	$-12.1M -280.8%	$-3.2M
EPS (Diluted)	$-0.54 +31.6%	$-0.79 +34.2%	$-1.20 -41.2%	$-0.85 +15.8%	$-1.01 -197.1%	$-0.34
Total Assets	$45.3M -6.4%	$48.4M +14.7%	$42.2M -22.4%	$54.4M -18.1%	$66.4M +20.9%	$54.9M
Operating Cash Flow	$-1.1M +68.4%	$-3.5M -6.8%	$-3.3M -174.2%	$4.4M +139.8%	$-11.2M -401.6%	$3.7M

AI Insight: AIRG Financial Trends

Airgain remains unprofitable across all eight quarters with revenue stagnating around $12–16M and equity slowly eroding.

• Revenue declined from $16M in Q3 2024 to $12M in Q1 2026, with no quarter showing meaningful recovery.

• Net losses narrowed modestly from -$3M in Q2 2024 to -$1M in Q2–Q3 2025, but widened again to -$2M in Q4 2025 and Q1 2026.

• Equity has steadily declined from $32M in Q2 2024 to $28M in Q1 2026, reflecting cumulative net losses.

⚠ Operating cash flow remains negative or near zero every quarter — the company has yet to demonstrate self-funding operations.

⚠ Equity erosion continuing at current pace raises questions about runway; no debt reported, but cash burn warrants monitoring.

AI Insight: AIRG Ratio Trends

AIRG remains deeply unprofitable with no sustained margin improvement — Q4 2025 and Q1 2026 reversed a brief Q3 2025 improvement.

• Operating margin briefly improved to -6.9% in Q3 2025 but collapsed to -20.0% in Q4 2025 and -18.4% in Q1 2026.

• ROIC swung from -13.0% in Q3 2025 to -34.2% in Q4 2025, signaling deteriorating capital efficiency.

• ROA has ranged between -8.5% and -34.5% across the period, with no durable upward trajectory.

⚠ Q3 2025's margin recovery (-6.9% OpMargin) proved short-lived; monitor whether a similar bounce recurs or loss deepens further.

⚠ D/E data is absent across all periods — lack of leverage visibility is a key balance-sheet risk to watch.

⚠ Q1 2025 showed extreme ROIC of -40.8%; any repeat spike would signal accelerating capital destruction.

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Available Research

13F Pro tracks comprehensive data for AIRGAIN INC including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of AIRG

AMERIPRISE FINANCIAL INC
$3.9M708,018 sh
BLAIR WILLIAM & CO/IL
$3.5M644,985 sh
VANGUARD CAPITAL MANAGEMENT LLC
$2.6M479,690 sh
First Eagle Investment Management, LLC
$2.1M372,903 sh
RENAISSANCE TECHNOLOGIES LLC
$1.8M336,336 sh
NANO CAP NEW MILLENNIUM GROWTH FUND L P
$1.4M250,000 sh
BlackRock, Inc.
$1.1M208,329 sh
GEODE CAPITAL MANAGEMENT, LLC
$630.8K114,659 sh
DIMENSIONAL FUND ADVISORS LP
$498.9K90,711 sh
VANGUARD FIDUCIARY TRUST CO
$354.3K64,410 sh

Fund	Value	Shares
AMERIPRISE FINANCIAL INC	$3.9M	708,018
BLAIR WILLIAM & CO/IL	$3.5M	644,985
VANGUARD CAPITAL MANAGEMENT LLC	$2.6M	479,690
First Eagle Investment Management, LLC	$2.1M	372,903
RENAISSANCE TECHNOLOGIES LLC	$1.8M	336,336
NANO CAP NEW MILLENNIUM GROWTH FUND L P	$1.4M	250,000
BlackRock, Inc.	$1.1M	208,329
GEODE CAPITAL MANAGEMENT, LLC	$630.8K	114,659
DIMENSIONAL FUND ADVISORS LP	$498.9K	90,711
VANGUARD FIDUCIARY TRUST CO	$354.3K	64,410

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Is AIRG a good stock to buy?

13F Pro's AI-powered analysis of AIRGAIN INC (AIRG) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for AIRG are available on the AIRG stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own AIRG?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling AIRG. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of AIRGAIN INC's investment landscape.