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  Title	Airship AI Reports Fourth Quarter 2025 Financial Results
  ID	30609345
  External ID	140000694
  Author
  Published Date	Feb. 17, 2026, 8 a.m.
  Summary	This is a paid press release. Contact the press release distributor directly with any inquiries. Airship AI Reports Fourth Quarter 2025 Financial Results Airship AI Tue, February 17, 2026 at 9:00 AM E
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  URL	https://finance.yahoo.com/news/airship-ai-reports-fourth-quarter-140000694.html
  Sentiment	Negative: 0.04915    Neutral: 0.26287    Positive: 0.68797
  Relevance	0.05435

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  Content ID	37838359
  Key	107f085c-7584-4fb6-a5a5-a46df0c8a14b
  Content	This is a paid press release. Contact the press release distributor directly with any inquiries. Airship AI Reports Fourth Quarter 2025 Financial Results Airship AI Tue, February 17, 2026 at 9:00 AM EST 14 min read AISP Airship AI Fourth Quarter 2025 Net Revenues of $6.5 Million, Gross Profit of $3.3 Million and Gross Margin of 51.2% Net Revenue Increase of 102% and Gross Margin Increase of 169% as Compared to Q4 of the Prior Year Cash flow positive business operations for the quarter. REDMOND, Wash., Feb. 17, 2026 (GLOBE NEWSWIRE) -- Airship AI Holdings, Inc. (NASDAQ: AISP) (“Airship AI” or the “Company”), a leader in AI-driven video, sensor, and data management surveillance solutions, today reported its financial and operational results for the fourth quarter ended December 31, 2025. Q4 2025 Financial Highlights Net revenues for the quarter ended December 31, 2025, were $6.5 million. Gross profits for the quarter ended December 31, 2025, were $3.3 million. Gross margin percentage was 51.2% for the quarter ended December 31, 2025. Higher margins were in part due to increased solution sales with more Airship AI branded hardware and software offerings. Operating loss was $612,000 for the quarter ended December 31, 2025, reflected in increased stock-based compensation and increased investments in sales and marketing-related expenditures which should increase future sales. Other income for the quarter ended December 31, 2025, was $23.6 million, primarily due to a gain from a change in the fair value of earnout liability of $14.5 million and change in fair value of warrant liability of $9 million. Net income for the year ended December 31, 2025, was $29.3 million, or $0.90 per basic share, primarily related to noncash income of $36.5 million. Net cash used in operating activities was $3.5 million in the quarter ended December 31, 2025. This reflected a $5.2 million increase in accounts receivable. Cash and cash equivalents was $11.8 million as of December 31, 2025 and accounts receivable was $6.5 million. Q4 2025 & Subsequent Operational Highlights Backlog as of December 31, 2025 was $3.3 million, representing firm fixed price contracts awarded in the fourth quarter of 2025 that will be shipped and invoiced in the following quarter(s). Backlog is not indicative of future quarterly revenue as approximately 75% of quarterly revenue is transactional and recognized in the same quarter. Our total validated pipeline at the end of the quarter was approximately $173 million, consisting of single and multi-year opportunities for AI-driven edge, video, and sensor and data management platform across all our customer verticals. Our pipeline includes opportunities at varying stages of progression with expected award timeframes throughout the next 18-24 months. New significant contract awards during Q4 and into Q1 2026 include: $1.9 million award from Department of Homeland Security (DHS) supporting large National Special Security Events scheduled for 2026. $2.8 million award from a large commercial customer supporting a technical refresh of deployed hardware and software. Multiple awards at the DHS component agency level for critical infrastructure facilities to replace existing failing physical security solutions. Pilot opportunity for a DHS component agency level in-car vehicle recording system designed around officer and public safety. Through our expanding partner engagement activities, our pipeline substantially increased in both the commercial and federal sectors. Several opportunities added to the pipeline are enduring multi-year efforts that have the potential to expand Airship’s presence within the customer or agency significantly overtime, with long-term support contracts attached to them. Due to the sensitive nature of many of our customers and deployment use cases, we are often restricted from publicly disclosing awards and / or limited as to the specifics of the customer and use case. Consequently, most of our awards are executed on closed or restricted contract vehicles, which further limits the sharing of information that might otherwise be available. Story Continues 2026 Outlook Capitalize on growing momentum coming out of Q4 into the new fiscal year around long-term business development efforts that are forecasted to be funded in 2026 through the One Big Beautiful Bill Act (OBBB). Maintain focus on improving gross margin percentages supporting our goal of cash flow positive operations before the end of 2026. Continue tactical and strategic investments across our sales and business development organizations through organic cash flow from business operations and the cash exercise of public warrants. Continue training and refinement of our edge (Outpost AI) and datacenter / cloud (Fortress) based analytic platforms supporting emerging edge analytic workflows. Continue innovation across our core Acropolis software platform supporting new workflows for cloud-based deployments in highly secure operational environments. Expand brand awareness engagements in new verticals through targeted marketing outreach opportunities, social media platforms, Airship AI hosted technology events, and industry tradeshow events. Management Commentary “The fourth quarter of 2025 saw positive contracting momentum with multiple agencies across the federal government,” said Paul Allen, President of Airship AI. “While fiscal appropriation processes put in place by the current administration have continued to slow down or impact some agencies ability to spend, those agencies engaged in mission critical activities around homeland security were able to move forward on several programs to solve for critical technology-based gaps in the quarter. “Notable new procurement activities under OBBB included movement on the CBP 'Smart Wall' construction with $4.5 billion in new contracts awarded. Airship is actively working with numerous prime contractors in support of meeting requirements as part of the 'Smart Wall' IDIQ, providing traditional and AI based video surveillance capabilities that will further strengthen our ability to control the border. “Additionally, progress was made on transitioning pilot / non-programmatic efforts that Airship was engaged with to the programmatic level, in some cases including new authorities to operate on trusted federal government networks. We believe this progression cements Airship’s position as a trusted vendor for highly secure AI driven solutions supporting federal government mission critical requirements now and into the future. "Our continued expansion into the partner / integrator space also added significantly to our pipeline, as we were exposed to multiple large projects supporting both federal and commercial customer opportunities, leveraging in part our existing footprint and trusted reputation as a solution provider. Being able to provide partners a turn-key market ready solution that is hardened and secure yet operator friendly is something that the market has been needing, one that operates as easily on-premises as it can in a datacenter or the cloud. "Our AI offerings increased as we closed out the end of the year with our Agentic AI natural-language search tool called 'Ask Airship' being released to select customers, allowing them to easily interact with data created by our growing sets of computer vision models running at the edge on our existing Outpost AI appliance and now released datacenter / cloud server offering called Fortress. “We expanded the use of our edge AI capabilities across additional sensor modalities and operational platforms, including mobile autonomous platforms, starting with bipedal and quadrupedal robots. We believe these platforms present the opportunity to reach a wider range of customers and solve a growing number of operational requirements as customers and agencies look to best leverage the efficiencies that robotic platforms offer when combined with AI at the edge. “Entering into 2026 we are highly optimistic about the opportunities in our pipeline and the strength of our team to collectively execute against them. While 2026 budgets at the DHS level aren’t fully resolved yet, with the existing funding in place for contingency and mission critical requirements, the growing breadth of our pipeline helps hedge the risks of funding challenges at any specific agency or component level,” concluded Mr. Allen. About Airship AI Holdings, Inc. Founded in 2006, Airship AI (NASDAQ: AISP) is a U.S. owned and operated technology company headquartered in Redmond, Washington. Airship AI is an AI-driven video, sensor and data management surveillance platform that improves public safety and operational efficiency for public sector and commercial customers by providing predictive analysis of events before they occur and meaningful intelligence to decision makers. Airship AI’s product suite includes Outpost AI edge hardware and software offerings, Acropolis enterprise management software stack, and Command family of visualization tools. For more information, visit https://airship.ai . Forward-Looking Statements The disclosure herein includes certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “project,” “forecast,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward looking. These forward-looking statements include, but are not limited to, (1) statements regarding estimates and forecasts of financial, performance and operational metrics and projections of market opportunity; (2) changes in the market for Airship AI’s services and technology, expansion plans and opportunities; (3) the projected technological developments of Airship AI; and (4) current and future potential commercial and customer relationships. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Airship AI’s management and are not predictions of actual performance. These forward-looking statements are also subject to a number of risks and uncertainties, as set forth in the section entitled “Risk Factors” in its Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 17, 2026, and the other documents that the Company has filed, or will file, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. In addition, forward looking statements reflect the Company’s expectations, plans or forecasts of future events and views as of the date of this press release. The Company anticipates that subsequent events and developments will cause its assessments to change. However, while it may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements. Investor Contact: Chris Tyson/Larry Holub MZ North America 949-491-8235 AISP@mzgroup.us AIRSHIP AI HOLDINGS, INC. CONSOLIDATED BALANCE SHEETS As of December 31, 2025 and 2024 December 31, 2025 December 31, 2024 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 11,750,021 $ 11,414,830 Accounts receivable, net of allowance for credit losses of $0 6,462,675 1,226,757 Prepaid expenses and other 294,191 17,883 Total current assets 18,506,887 12,659,470 OTHER ASSETS Other assets 160,528 165,960 Operating lease right of use asset 807,915 882,024 TOTAL ASSETS $ 19,475,330 $ 13,707,454 LIABILITIES AND STOCKHOLDERS' DEFICIT CURRENT LIABILITIES: Accounts payable - trade $ 1,149,811 $ 759,480 Advances from founders - 1,300,000 Accrued expenses 27,966 51,649 Current portion of operating lease liability 438,635 305,178 Deferred revenue- current portion 4,668,105 3,238,483 Total current liabilities 6,284,517 5,654,790 NON-CURRENT LIABILITIES: Operating lease liability, net of current portion 425,109 638,525 Warrant liability 13,328,006 34,180,618 Earnout liability 2,620,933 23,304,808 Deferred revenue- non-current 3,966,407 2,951,850 Total liabilities 26,624,972 66,730,591 COMMITMENTS AND CONTINGENCIES (Note 9) STOCKHOLDERS' DEFICIT: Preferred stock - no par value, 5,000,000 shares authorized, 0 shares issued and outstanding as of December 31, 2025 and 2024 - - Common stock - $0.0001 par value, 200,000,000 shares authorized, 34,368,162 and 30,588,413 shares issued and outstanding as of December 31, 2025 and 2024 3,434 3,056 Additional paid in capital 38,478,030 21,918,867 Accumulated deficit (45,620,227 ) (74,941,590 ) Accumulated other comprehensive loss (10,879 ) (3,470 ) Total stockholders' deficit (7,149,642 ) (53,023,137 ) TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 19,475,330 $ 13,707,454 AIRSHIP AI HOLDINGS, INC. CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the years ended December 31, 2025 and 2024 Year Ended Year Ended December 31, 2025 December 31, 2024 NET REVENUES: Product $ 10,135,562 $ 18,716,196 Post contract support 5,099,756 4,334,017 Other services 86,031 - 15,321,349 23,050,213 COST OF NET REVENUES: Cost of Sales 6,178,868 10,843,766 Post contract support 1,372,604 1,679,692 Other services 72,111 - 7,623,583 12,523,458 GROSS PROFIT 7,697,766 10,526,755 RESEARCH AND DEVELOPMENT EXPENSES 3,076,466 2,804,894 SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 11,837,086 11,226,974 TOTAL OPERATING EXPENSES 14,913,552 14,031,868 OPERATING LOSS (7,215,786 ) (3,505,113 ) OTHER INCOME (EXPENSE) : Gain (loss) from change in fair value of earnout liability 15,401,751 (18,171,380 ) Gain (loss) from change in fair value of warrant liability 20,852,612 (33,512,633 ) Loss from change in fair value of convertible debt - (141,636 ) Loss on note conversion - (1,144,676 ) Interest income (expense), net 282,786 (1,003,096 ) Other income - 13,644 Total other income (expense), net 36,537,149 (53,959,777 ) INCOME (LOSS) BEFORE PROVISON FOR INCOME TAXES 29,321,363 (57,464,890 ) Provision for income taxes - - NET INCOME (LOSS) 29,321,363 (57,464,890 ) OTHER COMPREHENSIVE INCOME (LOSS) Foreign currency (loss) income, net (7,409 ) 9,338 TOTAL COMPREHENSIVE INCOME (LOSS) $ 29,313,954 $ (57,455,552 ) NET INCOME (LOSS) PER SHARE: Basic $ 0.90 $ (2.34 ) Diluted $ 0.76 $ (2.34 ) Weighted average shares of common stock outstanding Basic 32,413,133 24,585,955 Diluted 38,681,401 24,585,955 AIRSHIP AI HOLDINGS, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS For the years ended December 31, 2025 and 2024 Year Ended Year Ended December 31, 2025 December 31, 2024 CASH FLOWS FROM OPERATING ACTIVITIES: Net income (loss) $ 29,321,363 $ (57,464,890 ) Adjustments to reconcile net income (loss) to net cash used in operating activities Depreciation and amortization - 1,861 Stock-based compensation 1,629,992 1,362,822 Amortization of operating lease right of  use asset 378,448 222,780 Issuance of common stock for services - 198,500 Noncash interest expense - 1,008,419 (Gain) loss from change in fair value of warrant liability (20,852,612 ) 33,512,633 (Gain) loss from change in fair value of earnout liability (15,401,751 ) 18,171,380 Loss from change in fair value of convertible note - 141,636 Loss on note conversion - 1,144,676 Changes in operating assets and liabilities: Accounts receivable (5,235,918 ) 422,147 Prepaid expenses and other (276,308 ) 485 Other assets 5,432 16,373 Operating lease liability (384,298 ) (174,875 ) Payroll and income tax receivable - 7,230 Accounts payable - trade and accrued expenses 366,649 (2,294,698 ) Deferred revenue 2,444,179 (2,780,447 ) NET CASH USED IN OPERATING ACTIVITIES (8,004,824 ) (6,503,968 ) CASH FLOWS FROM FINANCING ACTIVITIES: Issuance of common stock and warrants for offering, net - 7,290,000 Proceeds from warrant exercise, net 9,498,136 7,704,540 Repayment of advances from founders (1,300,000 ) - Advances from founders - (450,000 ) Proceeds from stock option exercises 149,288 240,507 NET CASH PROVIDED BY FINANCING ACTIVITIES 8,347,424 14,785,047 NET INCREASE IN CASH AND CASH EQUIVALENTS 342,600 8,281,079 Effect from exchange rate on cash (7,409 ) 9,338 CASH AND CASH EQUIVALENTS, beginning of period 11,414,830 3,124,413 CASH AND CASH EQUIVALENTS, end of period $ 11,750,021 $ 11,414,830 Supplemental disclosures of cash flow information: Interest paid $ - $ 11,913 Taxes paid $ - $ 2,410 Noncash investing and financing Issuance of common stock for debt interest payment $ - $ 1,008,442 Issuance of common stock for debt conversion $ - $ 4,114,831 Issuance of common stock for earnout shares $ 5,282,125 $ - Recognition of operating right-of-use asset $ 304,339 $ - Recognition of operating lease liability $ 304,339 $ - View Comments Terms and Privacy Policy Privacy Dashboard More Info
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  Publisher Name	Financial Planning (#6135)
  Publisher URL	https://finance.yahoo.com
  Description	None
  Trust Flow Score	83
  Citation Flow Score	57

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  Data Source Name	Yahoo Finance News (#2)
  Data Source Type	news
  Data Source URL	https://finance.yahoo.com/
  Description	Yahoo! Finance is a media property that is part of the Yahoo! network. It provides financial news, data and commentary including stock quotes, press releases, financial reports, and original content. It also offers some online tools for personal finance management.
  Weight	10