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Airship AI Holdings, Inc. (AISPW) Stock Fundamental Analysis & AI Rating 2026

AISPW Nasdaq Services-Prepackaged Software DE CIK: 0001842566
Updated This Month • Analysis: Mar 19, 2026 • SEC Data: 2025-12-31
Combined AI Rating
SELL
88% Confidence
AGREEMENT
STRONG SELL
92% Conf
SELL
84% Conf

📊 AISPW Key Takeaways

Revenue: $15.3M
Net Margin: 191.4%
Free Cash Flow: $-8.0M
Current Ratio: 2.94x
Debt/Equity: N/A
EPS: $0.76
AI Rating: STRONG SELL with 92% confidence
Airship AI Holdings, Inc. (AISPW) receives a SELL rating with 88% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $15.3M, net profit margin of 191.4%, Airship AI Holdings, Inc. demonstrates mixed fundamentals in the Technology sector. Below is our complete AISPW stock analysis for 2026.

Is Airship AI Holdings, Inc. (AISPW) a Good Investment?

Claude

Airship AI presents severe financial distress with negative stockholders equity of -$7.1M, indicating the company is technically insolvent. Despite exceptional revenue growth and a positive net income figure, the company is burning cash at an alarming rate (-$8.0M operating cash flow) and operating at a -47.1% margin, revealing the growth is not sustainable. The highly suspicious net margin of 191.4% coupled with negative equity raises material concerns about accounting quality and financial statement reliability.

ChatGPT

Airship AI is showing exceptional top-line growth, but the quality of that growth is weak because core operations remain deeply unprofitable and cash consumptive. The large net income appears inconsistent with operating losses and negative operating cash flow, suggesting material non-operating or one-time items rather than durable earnings power. Negative equity further weakens the balance sheet despite a currently solid cash position.

Why Buy Airship AI Holdings, Inc. Stock? AISPW Key Strengths

Claude
  • + Exceptional revenue growth of 5,318% YoY demonstrates market demand
  • + Positive gross margin of 50.2% indicates pricing power and product-market fit
  • + Strong cash position of $11.8M provides near-term liquidity runway
ChatGPT
  • + Revenue growth is extremely strong, indicating rising demand and commercial traction
  • + Gross margin of 50.2% suggests the software/business mix can support scalable economics if operating costs are controlled
  • + Cash of $11.75M and a 2.94x current ratio provide near-term liquidity support

AISPW Stock Risks: Airship AI Holdings, Inc. Investment Risks

Claude
  • ! Negative stockholders equity of -$7.1M indicates technical insolvency and existential solvency risk
  • ! Severe cash burn of -$8.0M operating cash flow with -52.2% FCF margin unsustainable at current trajectory
  • ! Abnormal net margin of 191.4% coupled with negative operating income suggests non-recurring gains, one-time items, or accounting irregularities requiring investigation
  • ! Operating margin of -47.1% indicates unprofitable core business operations despite revenue growth
  • ! Negative interest coverage of -12.3x reflects inability to service debt from operations
ChatGPT
  • ! Operating margin of -47.1% shows the core business is still far from sustainable profitability
  • ! Operating cash flow and free cash flow of -$8.00M indicate the business is burning cash despite reported net income
  • ! Negative stockholders equity of -$7.15M signals a weak capital structure and limits financial flexibility

Key Metrics to Watch

Claude
  • * Quarterly operating cash flow trend and path to positive operating cash generation
  • * Operating margin improvement and timeline to operating profitability
  • * Stockholders equity recovery and identification of one-time gains inflating net income
ChatGPT
  • * Operating cash flow improvement relative to revenue growth
  • * Operating margin trend and whether gross profit begins converting into durable net earnings

Airship AI Holdings, Inc. (AISPW) Financial Metrics & Key Ratios

Revenue
$15.3M
Net Income
$29.3M
EPS (Diluted)
$0.76
Free Cash Flow
$-8.0M
Total Assets
$19.5M
Cash Position
$11.8M

💡 AI Analyst Insight

Strong liquidity with a 2.94x current ratio provides a solid financial cushion.

AISPW Profit Margin, ROE & Profitability Analysis

Gross Margin 50.2%
Operating Margin -47.1%
Net Margin 191.4%
ROE N/A
ROA 150.6%
FCF Margin -52.2%

AISPW vs Technology Sector: How Airship AI Holdings, Inc. Compares

How Airship AI Holdings, Inc. compares to Technology sector averages

Net Margin
AISPW 191.4%
vs
Sector Avg 18.0%
AISPW Sector
ROE
AISPW 0.0%
vs
Sector Avg 22.0%
AISPW Sector
Current Ratio
AISPW 2.9x
vs
Sector Avg 2.5x
AISPW Sector
Debt/Equity
AISPW 0.0x
vs
Sector Avg 0.5x
AISPW Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Airship AI Holdings, Inc. Stock Overvalued? AISPW Valuation Analysis 2026

Based on fundamental analysis, Airship AI Holdings, Inc. has mixed fundamental signals relative to the Technology sector in 2026.

Return on Equity
N/A
Sector avg: 22%
Net Profit Margin
191.4%
Sector avg: 18%
Revenue Growth
N/A
Year-over-year
Debt/Equity
N/A
Sector avg: 0.5x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Airship AI Holdings, Inc. Balance Sheet: AISPW Debt, Cash & Liquidity

Current Ratio
2.94x
Quick Ratio
2.94x
Debt/Equity
N/A
Debt/Assets
136.7%
Interest Coverage
-12.29x
Long-term Debt
$0.0

AISPW Revenue & Earnings Growth: 5-Year Financial Trend

AISPW 5-year financial data: Year 2023: Revenue $14.5M, Net Income -$487.5K, EPS N/A. Year 2024: Revenue $23.1M, Net Income $16.4M, EPS $0.80. Year 2025: Revenue $23.1M, Net Income -$57.5M, EPS $-2.34.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Airship AI Holdings, Inc.'s revenue has grown significantly by 58% over the 5-year period, indicating strong business expansion. The most recent EPS of $-2.34 indicates the company is currently unprofitable.

AISPW Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-52.2%
Free cash flow / Revenue

AISPW Quarterly Earnings & Performance

Quarterly financial performance data for Airship AI Holdings, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $1.2M $6.2M $0.15
Q2 2025 $2.1M -$49.1K $0.00
Q1 2025 $5.5M $23.7M $0.61
Q3 2024 $2.4M -$1.7M $-0.07
Q2 2024 $2.8M -$1.7M $-0.14
Q1 2024 $2.9M -$1.7M N/A

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Airship AI Holdings, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$8.0M
Cash generated from operations
Dividends
None
No dividend program

AISPW SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Airship AI Holdings, Inc. (CIK: 0001842566)

📋 Recent SEC Filings

Date Form Document Action
Mar 23, 2026 4 xslF345X06/form_4.xml View →
Mar 6, 2026 4 xslF345X05/form_4.xml View →
Mar 6, 2026 4 xslF345X05/form_4.xml View →
Feb 17, 2026 8-K airsp_8k.htm View →
Feb 17, 2026 10-K airsp_10k.htm View →

Frequently Asked Questions about AISPW

What is the AI rating for AISPW?

Airship AI Holdings, Inc. (AISPW) has a Combined AI Rating of SELL from Claude (STRONG SELL) and ChatGPT (SELL) with 88% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are AISPW's key strengths?

Claude: Exceptional revenue growth of 5,318% YoY demonstrates market demand. Positive gross margin of 50.2% indicates pricing power and product-market fit. ChatGPT: Revenue growth is extremely strong, indicating rising demand and commercial traction. Gross margin of 50.2% suggests the software/business mix can support scalable economics if operating costs are controlled.

What are the risks of investing in AISPW?

Claude: Negative stockholders equity of -$7.1M indicates technical insolvency and existential solvency risk. Severe cash burn of -$8.0M operating cash flow with -52.2% FCF margin unsustainable at current trajectory. ChatGPT: Operating margin of -47.1% shows the core business is still far from sustainable profitability. Operating cash flow and free cash flow of -$8.00M indicate the business is burning cash despite reported net income.

What is AISPW's revenue and growth?

Airship AI Holdings, Inc. reported revenue of $15.3M.

Does AISPW pay dividends?

Airship AI Holdings, Inc. does not currently pay dividends.

Where can I find AISPW SEC filings?

Official SEC filings for Airship AI Holdings, Inc. (CIK: 0001842566) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is AISPW's EPS?

Airship AI Holdings, Inc. has a diluted EPS of $0.76.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is AISPW a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Airship AI Holdings, Inc. has a SELL rating with 88% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is AISPW stock overvalued or undervalued?

Valuation metrics for AISPW: ROE of N/A (sector avg: 22%), net margin of 191.4% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.

Should I buy AISPW stock in 2026?

Our dual AI analysis gives Airship AI Holdings, Inc. a combined SELL rating for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.

What is AISPW's free cash flow?

Airship AI Holdings, Inc.'s operating cash flow is $-8.0M, with capital expenditures of N/A. FCF margin is -52.2%.

How does AISPW compare to other Technology stocks?

Vs Technology sector averages: Net margin 191.4% (avg: 18%), ROE N/A (avg: 22%), current ratio 2.94 (avg: 2.5).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Mar 19, 2026 | Data as of: 2025-12-31 | Powered by Claude AI