Airgain Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	7.09	8.51	7.88	11.9	14.51	38.17
Cash & Short-Term Investments	7.09	8.51	7.88	11.9	14.51	38.17
Cash Growth	-3.47%	7.98%	-33.79%	-17.97%	-61.99%	9.43%
Receivables	12.89	11.67	7.38	8.74	10.76	4.78
Inventory	3.66	3.95	2.4	4.23	8.95	1.02
Prepaid Expenses	1.61	1.7	1.37	2.2	1.27	1.46
Restricted Cash	-	-	0.06	0.08	-	-
Total Current Assets	25.24	25.83	19.08	27.15	35.49	45.43
Property, Plant & Equipment	5.76	5.89	3.9	4.98	5.48	2.38
Goodwill	10.85	10.85	10.85	10.85	10.85	3.7
Other Intangible Assets	3.63	5.8	8.23	11.2	14.23	3.17
Other Long-Term Assets	0.08	0.07	0.17	0.22	0.35	0.25
Total Assets	45.54	48.44	42.23	54.4	66.39	54.93
Accounts Payable	9.55	9.53	6.66	7.04	5.5	2.98
Accrued Expenses	1.17	3.39	2.1	4.03	3.63	3.5
Current Portion of Leases	0.73	0.09	0.87	0.9	0.84	-
Current Income Taxes Payable	-0.02	0.01	0.15	0.17	0.26	0.18
Current Unearned Revenue	0.14	-	0.02	0.03	0.08	0.02
Other Current Liabilities	0.26	0.48	0.21	0.73	9.58	0.18
Total Current Liabilities	11.83	13.5	9.99	12.9	19.89	6.86
Long-Term Leases	3.82	3.81	0.67	1.54	2.22	-
Long-Term Deferred Tax Liabilities	0.16	0.16	0.15	0.14	0.11	0.06
Other Long-Term Liabilities	-	-	-	-	-	0.27
Total Liabilities	15.81	17.47	10.82	14.58	22.22	7.19
Common Stock	126.31	123.55	115.3	111.28	106.97	100.36
Retained Earnings	-91.19	-87.21	-78.52	-66.09	-57.43	-47.35
Treasury Stock	-5.36	-5.36	-5.36	-5.36	-5.36	-5.27
Comprehensive Income & Other	-0.01	-0	0	-	-	-
Total Common Equity	29.74	30.97	31.41	39.83	44.17	47.74
Shareholders' Equity	29.74	30.97	31.41	39.83	44.17	47.74
Total Liabilities & Equity	45.54	48.44	42.23	54.4	66.39	54.93
Total Debt	4.55	3.9	1.54	2.44	3.06	-
Net Cash (Debt)	2.54	4.61	6.34	9.46	11.45	38.17
Net Cash Growth	-59.77%	-27.29%	-32.98%	-17.35%	-70.01%	9.43%
Net Cash Per Share	0.22	0.42	0.61	0.93	1.14	3.93
Filing Date Shares Outstanding	11.96	11.56	10.5	10.26	10.19	10.35
Total Common Shares Outstanding	11.94	11.53	10.47	10.23	10.1	9.78
Working Capital	13.41	12.33	9.09	14.25	15.6	38.58
Book Value Per Share	2.49	2.69	3.00	3.89	4.37	4.88
Tangible Book Value	15.26	14.33	12.33	17.78	19.1	40.87
Tangible Book Value Per Share	1.28	1.24	1.18	1.74	1.89	4.18
Machinery	6.61	6.55	6.66	6.31	5.76	4.87
Construction In Progress	0.02	0.01	0.05	0.02	0.04	0.12
Leasehold Improvements	0.85	0.85	0.85	0.85	0.93	0.93

Source: S&P Global Market Intelligence. Standard template. Financial Sources.