Event-Driven Stocks

AIRGAIN INC

AIRGNasdaq

Technology · Radio & Tv Broadcasting & Communications Equipment · SEC filings ↗ · Compare ⊕

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Signs● 2 good● 4 warning● 1 severedetails ↓

Financials

SEC XBRL · annual
 FY25FY24FY23FY22FY21FY20
Revenue$51.8M$60.6M$56.0M$75.9M$64.3M$48.5M
Operating income−$8.5M−$8.9M−$12.4M−$8.6M−$12.1M−$3.2M
Net income−$6.4M−$8.7M−$12.4M−$8.7M−$10.1M−$3.3M
Total assets$45.3M$48.4M$42.2M$54.4M$66.4M$54.9M
Total liabilities$17.0M$17.5M$10.8M$14.6M$22.2M$7.2M
Equity$28.3M$31.0M$31.4M$39.8M$44.2M$47.7M
EPS (diluted)$-0.54$-0.79$-1.20$-0.85$-1.01$-0.34
Shares out.11.6M10.5M10.3M10.2M10.4M9.7M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2025
Operating margin
−16.4%
Net margin
−12.4%
Return on equity
−22.7%
Return on assets
−14.2%
Return on capital (ROCE)
−26.2%
Liabilities / assets
37.6%
Debt / equity
0.60×
Book value / share
$2.45
Revenue growth (YoY)
−14.6%
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2025
Altman Z″ (distress)
-4.40distress
Accruals / assets
−11.7%clean
Beneish M-Score
-2.97normal
Piotroski F-Score
3/9weak

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
42
/ 100
Profitability 0Growth 0Catalyst 67Earnings quality 67Financial strength 75

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →

Signs

● 1 severe● 4 warning● 2 good
  • Altman Z″ in the distress zone
  • Operating losses (negative operating margin)
  • Reported a net loss
  • Revenue declined year-over-year
  • Negative operating cash flow
  • Conservative leverage (liabilities < 50% of assets)
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

5%+ owners

SEC Schedule 13D / 13G · last 3 yrs

Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
May 15, 2026151,2151.2-14.6%
Apr 30, 2026177,1301.7+8.1%
Apr 15, 2026163,8431.7+13.3%
Mar 31, 2026144,6321.3+8.8%
Mar 13, 2026132,9292.7+5.3%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (1)

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