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Airship AI Holdings, Inc. provides artificial intelligence (AI)-driven data management platforms in the United States. The company offers Outpost AI, which structures and analyzes data at the source using Airship AI trained models; Acropolis, an enterprise management software; and Airship Command, a suite of visualization tools that allow customers to interact with their data and devices. Its Acropolis products include Acropolis Commercial for various small and medium businesses, including schools, hospitals, casinos, logistics, and retail establishments; and Acropolis Law for the law enforcement, defense, and intelligence sectors. The company also provides professional services, such as custom model training, custom integrations, and workflow enhancement services, as well as technical support and software maintenance services. In addition, the company provides solutions for ingesting and analyzing metadata from edge-based sensors, including video, audio, telemetry, acoustic, seismic, and autonomous devices. It serves the government, small enterprises, law enforcement, military, and commercial enterprise organizations. Airship AI Holdings, Inc. was founded in 2006 and is headquartered in Redmond, Washington.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $15M | $-7M | $29M | $-8M | -410.1% | -33.5% | - |
| 2024 | $23M | $-56M | $-57M | $-7M | 108.4% | 87.4% | -451.0% |
| 2023 | $12M | $17M | $16M | $-3M | -93.6% | -15.5% | - |
| 2022 | $15M | $0M | $-0M | $-3M | 5.8% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 14.55 | 12.30 | 23.05 | 15.32 |
| Cost Of Revenue | 6.13 | 6.54 | 12.52 | 7.62 |
| Gross Profit | 8.42 | 5.76 | 10.53 | 7.70 |
| Operating Expense | 11.24 | 12.40 | 14.03 | 14.91 |
| Operating Income | -2.82 | -6.64 | -3.51 | -7.22 |
| EBITDA | 0.13 | 17.04 | -56.24 | -6.84 |
| EBIT | -0.40 | 16.43 | -56.46 | -7.22 |
| Pretax Income | -0.48 | 16.37 | -57.46 | 29.32 |
| Tax Provision | 0.01 | 0 | 0 | 0 |
| Net Income | -0.49 | 16.37 | -57.46 | 29.32 |
| Net Income Common Stockholders | -0.49 | 16.37 | -57.46 | 29.32 |
| Total Expenses | 17.37 | 18.94 | 26.56 | 22.54 |
| Interest Expense | 0.08 | 0.06 | 1 | 0 |
| Interest Income | 0.04 | 0 | 0 | 0.28 |
| Research And Development | 3.61 | 2.73 | 2.80 | 3.08 |
| Selling General And Administration | 7.63 | 9.68 | 11.23 | 11.84 |
| Normalized EBITDA | -2.25 | -6.04 | -4.41 | -43.09 |
| Normalized Income | -2.37 | -6.71 | -5.64 | -6.93 |
| Basic EPS | -0.02 | 1.20 | -2.34 | 0.90 |
| Diluted EPS | -0.02 | 0.80 | -2.34 | 0.76 |
| Tax Effect Of Unusual Items | 0.50 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.21 | 0 | 0 | 0 |
| Total Unusual Items | 2.38 | 23.08 | -51.83 | 36.25 |
| Total Unusual Items Excluding Goodwill | 2.38 | 23.08 | -51.83 | 36.25 |
| Net Income From Continuing Operation Net Minority Interest | -0.49 | 16.37 | -57.46 | 29.32 |
| Reconciled Depreciation | 0.53 | 0.61 | 0.22 | 0.38 |
| Reconciled Cost Of Revenue | 6.13 | 6.54 | 12.52 | 7.62 |
| Net Interest Income | -0.03 | -0.06 | -1 | 0.28 |
| Net Income From Continuing And Discontinued Operation | -0.49 | 16.37 | -57.46 | 29.32 |
| Total Operating Income As Reported | -2.82 | -6.64 | -3.51 | -7.22 |
| Diluted Average Shares | 22.81 | 20.39 | 24.59 | 38.68 |
| Basic Average Shares | 22.81 | 13.67 | 24.59 | 32.41 |
| Diluted NI Availto Com Stockholders | -0.49 | 16.37 | -57.46 | 29.32 |
| Net Income Including Noncontrolling Interests | -0.49 | 16.37 | -57.46 | 29.32 |
| Net Income Continuous Operations | -0.49 | 16.37 | -57.46 | 29.32 |
| Other Income Expense | 2.38 | 23.07 | -52.96 | 36.25 |
| Other Non Operating Income Expenses | 1.23 | -0.01 | -1.13 | 0 |
| Special Income Charges | 2.38 | 21.74 | -18.31 | 15.40 |
| Other Special Charges | -2.38 | 0.24 | 0.14 | 0 |
| Restructuring And Mergern Acquisition | 0 | -21.98 | 18.17 | -15.40 |
| Gain On Sale Of Security | 0 | 1.34 | -33.51 | 20.85 |
| Net Non Operating Interest Income Expense | -0.03 | -0.06 | -1 | 0.28 |
| Interest Expense Non Operating | 0.08 | 0.06 | 1 | 0 |
| Interest Income Non Operating | 0.04 | 0 | 0 | 0.28 |
| Operating Revenue | 14.38 | 12.13 | 23.05 | 15.24 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Airship AI Holdings, Inc.this co. | AISP | $76M | 2.91↓ discount | -10.63 | -410.1% | -9.02 |
| TTEC Holdings, Inc. | TTEC | $141M | - | 1.49 | -170.5% | 5.74 |
| KULR Technology Group, Inc. | KULR | $111M | - | 0.91 | -50.9% | -2.45 |
| Expensify, Inc. | EXFY | $106M | - | 0.74 | -16.1% | -2.34 |
| SunPower Inc. | SPWR | $105M |
| - |
| -1.02 |
| 50.3% |
| -16.16 |
| CSP Inc. | CSPI | $103M | - | 2.29 | -0.2% | -30.63 |
| SoundThinking, Inc. | SSTI | $89M | - | 1.22 | -13.1% | 45.14 |
| Neonode Inc. | NEON | $26M | 3.27 | 1.07 | 34.4% | -0.11 |
| zSpace, Inc. | ZSPC | $1M | - | -0.34 | 112.8% | -0.78 |
| Peer Median | - | 3.27 | 0.99 | -6.6% | -1.56 | |