Airship AI Q1 2026 revenue $6.3M, net loss $721K, gross margin 50%

Airship AI Holdings, Inc.

2026-Q1 EPS reported -$0.02 revenue$6,353,298

Net revenues $6.3M (+15% YoY); gross profit $3.2M, gross margin 50% (vs 42% YoY).
Net loss $721K ($0.02/share) includes $861K non-cash gain from warrant liability change & $666K stock-based comp.
Operating loss $1.58M from higher stock-based comp ($666K) and increased sales & R&D investment.
Backlog $4.6M; pipeline $165.3M; new awards: $1.9M DHS NSSE, $2.1M DHS border security, $3.0M commercial.
Added new Directors of Commercial Sales & Federal BD; appointed (Ret) Chief David Aguilar to advisory board.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Airship AI Holdings, Inc. reported first quarter ended March 31, 2026 results: revenue $6.3 million, net income $721,000, or $0.02 per basic share.

Period: first quarter ended March 31, 2026
Revenue: $6.3 million
Net income: $721,000, or $0.02 per basic share
Result: reported results

Exact text from the filing

RELEASE) --- EX-99.1 2 airsp_ex991.htm PRESS RELEASE airsp_ex991.htm EXHIBIT 99.1 Airship AI Reports First Quarter 2026 Financial Results First Quarter 2026 Net Revenues of $6.3 Million, Gross Profit of $3.2 Million and Gross Margin of 50% Net Revenue Increase of 15% and Gross Margin Increase of 42% as Compared to Q1 of the Prior Year Redmond, WA – May 11 , 2026

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Source: SEC EDGAR

accession 0001654954-26-004650

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