Airgain 2025 Q3 Earnings 45.1% Reduction in Net Loss Amid Revenue Decline

Airgain (AIRG) reported fiscal 2025 Q3 earnings on Nov 12, 2025, with revenue declining 12.9% year-over-year to $14.02 million, below expectations. The company narrowed its net loss to $964,000 ($0.08 per share), a 45.1% improvement from $1.76 million ($0.16 per share) in 2024 Q3, while providing Q4 2025 revenue guidance of $12.0–$14.0 million.

Revenue

Total revenue fell 12.9% to $14.02 million in Q3 2025, driven by a 12.9% year-over-year decline in enterprise revenue ($6.87 million) and a 12.5% drop in consumer revenue ($6.66 million). The automotive segment contributed $490,000, while total sales reached $14.02 million.

Earnings/Net Income

Airgain reduced its net loss to $964,000 ($0.08 per share) in Q3 2025, a 45.1% improvement from $1.76 million ($0.16 per share) in the prior-year period. The EPS improvement reflects disciplined cost management and operational efficiency, though the company still reported a loss.

Price Action

Airgain’s stock declined 5.73% during the latest trading day, 7.95% in the most recent full week, and 6.83% month-to-date, reflecting continued bearish momentum.

Post-Earnings Price Action Review

The strategy of buying Airgain shares after a revenue raise and holding for 30 days has underperformed over the past three years, with an annualized return of -3.77% and a maximum drawdown of 25.14%. This approach lags the S&P 500 by 10.77% annually, underscoring its inefficacy. Investors are advised to explore alternative strategies or monitor potential market reversals.

CEO Commentary

CEO Jacob Suen highlighted three consecutive quarters of sequential revenue growth and positive adjusted EBITDA, emphasizing progress toward scalable growth. Certifications for AC-Fleet and Lighthouse platforms position Airgain for 2026 expansion, with near-term revenue potential in fleet/utility markets and 5G infrastructure opportunities.

Guidance

Airgain projects Q4 2025 revenue of $12.0–$14.0 million (midpoint $13.0 million), with GAAP net loss per share of $(0.13) at the midpoint. Non-GAAP metrics include break-even net income per share and adjusted EBITDA of $0.1 million. GAAP gross margin is expected at 41.3–44.3%, with disciplined operating expenses forecast at $7.2 million (GAAP) and $5.8 million (non-GAAP).

Additional News

1. Design Win: Airgain secured a multi-year, multi-million dollar design win with a Tier 1 U.S. carrier for its next-gen Wi-Fi 7 fiber gateway, expected to drive embedded antenna revenue through 5 million units over five years.

2. Certifications: The company achieved FCC certification for its Lighthouse 5G Smart Network Controlled Repeater and T-Mobile T-Priority certification for AC-Fleet, advancing 2026 scalability.

3. Strategic Focus: Airgain emphasized cost discipline and platform scalability, with CEO Jacob Suen reaffirming a “disciplined operating model” as a strategic priority.

The company’s Q3 results reflect a challenging revenue environment but improved profitability, with management optimistic about long-term growth through 5G and Wi-Fi 7 adoption.