Airgain (AIRG) Cost of Revenue (2015 - 2026)
Airgain (AIRG) reported Cost of Revenue of $2.3 million for Q1 2026, down 66.0% on a YoY basis from $6.9 million in Q1 2025, and down 89.51% quarter-over-quarter from $22.2 million in Q4 2025.
Airgain (AIRG) Cost of Revenue (2015 - 2026) Analysis & Trends
Airgain has reported Cost of Revenue for 12 years, with the latest figure at $2.3 million in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue fell 66.0% year-over-year to $2.3 million; the trailing twelve-month figure through Mar 2026 stood at $40.2 million (up 47.31% YoY), and the FY2025 full-year result was $29.2 million, down 18.33% from the prior year.
- Cost of Revenue for Q1 2026 stood at $2.3 million, down from $22.2 million in the prior quarter.
- The five-year high for Cost of Revenue was $22.2 million in Q4 2025, with the low at -$22.7 million in Q4 2022.
- Historically, Cost of Revenue has averaged $5.5 million across 5 years, with a median of $7.8 million in 2025.
- The largest YoY upside for Cost of Revenue was 450.88% in 2024 against a maximum downside of 75.41% in 2024.
- Airgain's Cost of Revenue stood at -$22.7 million in 2022, then jumped by 109.9% to $2.3 million in 2023, then soared by 287.34% to $8.7 million in 2024, then jumped by 154.7% to $22.2 million in 2025, then slumped by 89.51% to $2.3 million in 2026.
- The last three Cost of Revenue figures came in at $2.3 million (Q1 2026), $22.2 million (Q4 2025), and $7.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 480.96 Bn | 464.32 Bn | 10.08 Bn | 5.76 Bn |
| 2 | Ciena | 69.17 Bn | 67.87 Bn | 625.52 Mn | 148.87 Mn |
| 3 | Motorola Solutions | 68.03 Bn | 67.17 Bn | 1.36 Bn | 1.35 Bn |
| 4 | Hewlett Packard Enterprise | 65.63 Bn | 60.79 Bn | 8.25 Bn | 1.05 Bn |
| 5 | Lumentum Holdings | 61.32 Bn | 58.15 Bn | 357.00 Mn | 432.10 Mn |
| 6 | Ubiquiti | 34.34 Bn | 33.97 Bn | 370.71 Mn | 417.49 Mn |
| 7 | AST SpaceMobile | 27.21 Bn | 27.79 Bn | -69.36 Mn | 84.10 Mn |
| 8 | Applied Optoelectronics | 13.45 Bn | 13.01 Bn | 43.92 Mn | 6.35 Mn |
| 9 | Zebra Technologies | 11.38 Bn | 11.26 Bn | 742.00 Mn | 189.00 Mn |
| 10 | Airgain | 83.56 Mn | 76.43 Mn | 4.97 Mn | 2.33 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.33 Mn |
| Mar 31, 2026 | 2.33 Mn |
| Dec 31, 2025 | 22.21 Mn |
| Dec 31, 2025 | 22.21 Mn |
| Sep 30, 2025 | 7.91 Mn |
| Sep 30, 2025 | 7.91 Mn |
| Jun 30, 2025 | 7.78 Mn |
| Jun 30, 2025 | 7.78 Mn |
| Mar 31, 2025 | 6.85 Mn |
| Mar 31, 2025 | 6.85 Mn |
| Dec 31, 2024 | 8.72 Mn |
| Dec 31, 2024 | 8.72 Mn |
| Sep 30, 2024 | 9.39 Mn |
| Sep 30, 2024 | 9.39 Mn |
| Jun 30, 2024 | 2.35 Mn |
| Jun 30, 2024 | 2.35 Mn |
| Mar 31, 2024 | 8.66 Mn |
| Mar 31, 2024 | 8.66 Mn |
| Dec 31, 2023 | 2.25 Mn |
| Dec 31, 2023 | 2.25 Mn |