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Airship AI Holdings (AISP) Q3 FY2026 earnings: revenue $6 million, up 429.2% on the year

Airship AI Holdings, Inc. (AISP) reported revenue of $6 million for Q3 FY2026, the quarter ended 30 September 2026, up 429.2% on the same quarter a year earlier. Net income was $10 million, up 50.0% on the year, and diluted earnings per share $0.25. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue
$6 million
+429.2% on the year · +51.1% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
-9.0%
-243.5% a year earlier
Q4 FY2024Q3 FY2026
Net income
$10 million
+50.0% on the year
Q4 FY2024Q3 FY2026
Diluted EPS
$0.25
+66.7% on the year
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 1 raised, 2 kept.

  • Revenue rose 429% from prior year: Net revenues were $6.23 million, against $1.18 million a year earlier. Gross profit was $3.50 million, up from $0.60 million in the prior-year quarter.
  • Net income on non-cash gains: Net income was $9.62 million, or $0.25 diluted per share, after $10.18 million of other income mainly from fair-value gains. The second-quarter result was a net loss of $2.4 million.
  • Margin fell on cost of sales rise: Gross margin was 56.2%, against 75% in the second quarter. Cost of net revenues rose to $2.73 million from $1.03 million.
Read the earnings call summary

Income statement (profit and loss)

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Revenue6.24.11.2+51.1%+429.2%
Cost of revenue2.71.00.6+165.9%+375.6%
Gross profit3.53.10.6+13.1%+480.1%
Gross margin56.2%75.1%51.3%
Research and development0.90.90.8+6.1%+20.3%
Selling, general and administrative3.23.72.7-15.4%+16.2%
Operating income-0.6-1.5-2.9
Operating margin-9.0%-36.1%-243.5%
Income tax0.00.00.0
Net income9.6-2.46.4+50.0%
Net margin154.3%-58.4%544.4%
Diluted EPS$0.25-$0.07$0.15+66.7%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Operating cash flow0.4-0.2-0.6
Cash from financing0.00.00.0
Depreciation and amortisationn/an/a0.0
Share-based compensation0.61.00.4-41.7%+56.0%
Diluted shares, weighted39m34m42m+13.0%-7.3%
Shares outstanding at period end34m34m32m0.0%+7.6%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Shareholders' equity1.5-8.6-40.1
Debt0.00.0n/a
Operating lease liabilities0.10.20.5-65.1%-87.8%
Other liabilities19.226.247.6-26.7%-59.7%
Total liabilities and equity20.817.78.1+17.2%+156.5%
Cash and equivalents12.712.45.8+3.1%+121.4%
Receivables6.33.71.2+67.7%+403.8%
Inventory1.10.8n/a+27.9%
Other assets0.70.81.1-13.6%-38.3%
Total assets20.817.78.1+17.2%+156.5%

Questions

What was Airship AI Holdings' revenue in Q3 FY2026?

Airship AI Holdings (AISP) reported revenue of $6 million for Q3 FY2026, the quarter ended 30 September 2026, up 429.2% on the same quarter a year earlier.

How much did Airship AI Holdings earn in Q3 FY2026?

Net income for Q3 FY2026 was $10 million, up 50.0% on the year, and diluted earnings per share $0.25.

When did Airship AI Holdings report Q3 FY2026 results?

Airship AI Holdings filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 November 2026.

Quarterly results, the last 15 quarters

Q1 FY2023Q2 FY2023 †Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue2.92.82.44.210.66.42.93.25.52.11.26.56.44.16.2
Cost of revenue2.11.10.82.57.91.90.72.03.30.60.63.23.21.02.7
Gross profit0.81.71.61.72.64.52.21.22.21.50.63.33.23.13.5
Gross margin27%60%67%40%25%70%75%39%41%71%51%51%50%75%56%
R&D0.70.70.70.70.70.71.10.30.70.70.80.90.80.90.9
SG&A1.84.12.11.63.32.82.72.43.22.82.73.13.93.73.2
Operating income-1.7-3.1-1.2-0.6-1.41.0-1.6-1.5-1.7-2.0-2.9-0.6-1.6-1.5-0.6
Operating margin-58%-111%-52%-15%-13%15%-55%-47%-31%-94%-243%-9%-25%-36%-9%
Interest expense0.00.00.0n/a0.00.40.1n/an/an/an/an/an/an/an/a
Net income-1.73.1-1.7n/a-32.018.56.2-50.223.7-23.86.423.0-0.7-2.49.6
Net margin-58%112%-70%n/a-302%288%217%-1565%431%-1107%544%354%-11%-58%154%
Diluted EPSn/a-$0.14-$0.07n/a-$1.40$0.58$0.17n/a$0.61-$0.75$0.15n/a-$0.02-$0.07$0.25
Operating cash flow-1.00.3-1.8-0.8-1.7-2.5-0.3-2.1-2.1-1.8-0.6-3.50.8-0.20.4
Shares outstanding23m24m27m23m23m24m27m31m32m32m32m34m34m34m34m
Filing10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A blank figure marked on a quarter is one the filings do not give on their own: the quarters as filed do not add to the year the company filed, or the year and its quarters stand on different share counts. Each quarter's page says which. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 5 November 2026: the filing.