---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-26-001312"
form_type: "8-K"
ticker: "AISP"
cik: "0001842566"
company_name: "Airship AI Holdings, Inc."
filed_at: "2026-02-17T23:59:59+00:00"
generated_at: "2026-05-16T02:31:35.136559+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Airship AI Q4 2025 revenue $6.5M (+102% YoY); gross margin 51.2%; FY net income $29.3M on noncash gains

## Summary
- Q4 net revenues $6.5M, gross profit $3.3M (51.2% margin, +169% YoY).
- Operating loss $612K; FY 2025 net income $29.3M ($0.90 basic EPS) includes $36.5M noncash gains.
- Cash and equivalents $11.8M; backlog $3.3M; validated pipeline ~$173M.
- New awards: $1.9M DHS contract, $2.8M commercial refresh, multiple DHS component deals.
- 2026 outlook: focus on cash-flow positive ops; capitalize on OBBB funding for mission-critical programs.

## SEC filing metadata
- accession: 0001654954-26-001312
- form_type: 8-K
- ticker: AISP
- cik: 0001842566
- company_name: Airship AI Holdings, Inc.
- filed_at: 2026-02-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1842566/000165495426001312/0001654954-26-001312-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1842566/000165495426001312/airsp_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-26-001312
- JSON: https://secwatch.observer/filing/0001654954-26-001312.json
- Plain text: https://secwatch.observer/filing/0001654954-26-001312.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.