Airship AI Holdings, Inc. (AISP) Key Metrics
AISP valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $70.6M
- Enterprise value
- $55.1M
- P/E (TTM)
- 3.1
- Forward P/E
- 48.1
- PEG ratio
- —
- Price / sales
- 3.9 10-yr median 8.2
- Price / book
- —
- EV / EBITDA
- 7.9
- Dividend yield
- —
- Beta
- 0.63
AISP key metrics, 2021–2025
Fiscal year ended December 31, 2025 · U.S. dollarsAISP valuation Price multiples at each fiscal year-end price.
AISP returns How much profit the business earns on the capital it uses.
AISP per-share figures Results divided by the shares outstanding at year-end.
AISP financial health Debt, liquidity and how easily interest is covered.
AISP efficiency & capital use Working capital cycle and where the cash goes.
AISP valuation history
AISP returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
AISP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
AISP price vs earnings per share
AISP key metrics
2021–2025| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Valuation | |||||
| Market capitalization | $111.8M | $189.5M | $34.7M | $393.0M | $406.2M |
| Enterprise value | $100.9M | $179.0M | $35.5M | $394.0M | $406.0M |
| P/E ratio | 3.8 | — | 2.1 | — | — |
| Price / sales | 7.3 | 8.2 | 2.8 | 27.0 | 31.2 |
| EV / sales | 6.6 | 7.8 | 2.9 | 27.1 | 31.1 |
| EV / EBITDA | 3.4 | — | 2.1 | — | — |
| Earnings yield | 26.2% | −30.3% | 47.2% | −0.1% | −1.3% |
| Free cash flow yield | −7.2% | −3.4% | −9.5% | −0.7% | −1.3% |
| Share price at fiscal year-end | $2.89 | $6.26 | $1.70 | $10.08 | $9.79 |
| Per share | |||||
| Revenue per share | $0.40 | $0.76 | $0.60 | $0.37 | $0.31 |
| Earnings per share | $0.76 | −$1.90 | $0.80 | −$0.01 | −$0.12 |
| Operating cash flow per share | −$0.21 | −$0.21 | −$0.16 | −$0.07 | −$0.12 |
| Free cash flow per share | −$0.21 | −$0.21 | −$0.16 | −$0.07 | −$0.12 |
| Cash per share | $0.30 | $0.38 | $0.15 | $0.01 | $0.03 |
| Book value per share | −$0.18 | −$1.75 | −$0.86 | −$0.21 | −$0.20 |
| Tangible book value per share | −$0.18 | −$1.75 | −$0.86 | −$0.21 | −$0.20 |
| Capex per share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Debt per share | $0.02 | $0.03 | $0.19 | $0.03 | $0.03 |
| Shares outstanding | 38.7M | 30.3M | 20.4M | 39.0M | 41.5M |
| Change in shares outstanding | +27.8% | +48.5% | −47.7% | −6.0% | — |
| Returns & profitability | |||||
| Return on assets (ROA) | 176.7% | −580.6% | 327.5% | −12.0% | −121.4% |
| Return on tangible assets | 150.6% | −419.2% | 268.9% | −12.5% | −121.4% |
| Free cash flow margin | −52.2% | −28.2% | −26.8% | −20.0% | −39.4% |
| Income quality (OCF / net income) | −0.27 | — | −0.20 | — | — |
| Financial health | |||||
| Total debt | $863,744 | $943,703 | $3.9M | $1.3M | $1.1M |
| Cash & short-term investments | $11.8M | $11.4M | $3.1M | $298,614 | $1.3M |
| Net debt | −$10.9M | −$10.5M | $819,531 | $958,066 | −$203,000 |
| Debt / assets | 0.04 | 0.07 | 0.65 | 0.32 | 0.27 |
| Net debt / EBITDA | −0.37 | — | 0.05 | 7.38 | — |
| Current ratio | 2.94 | 2.24 | 0.40 | 0.33 | 0.45 |
| Quick ratio | 2.94 | 2.24 | 0.40 | 0.33 | 0.45 |
| Interest coverage | -0.0 | -3.5 | -119.2 | -37.5 | -288.9 |
| Working capital | $12.2M | $7.0M | −$7.1M | −$4.0M | −$2.8M |
| Invested capital | −$18.0M | −$63.5M | −$16.7M | −$7.4M | −$8.6M |
| Tangible asset value | −$7.1M | −$53.0M | −$17.5M | −$8.4M | −$8.4M |
| Net current asset value | −$8.1M | −$54.1M | −$18.8M | −$10.3M | −$10.4M |
| Graham net-net per share | −$0.26 | −$1.80 | −$0.94 | −$0.27 | −$0.26 |
| Capital allocation | |||||
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Capex / depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock-based compensation / revenue | 10.6% | 5.9% | 23.2% | 3.8% | 6.9% |
| R&D / revenue | 20,079.6% | 12.2% | 22.2% | 24.8% | 32.3% |
| SG&A / revenue | 77.3% | 48.7% | 78.7% | 52.4% | 68.2% |
| Efficiency | |||||
| Days sales outstanding | 91.6 | 22.8 | 49.4 | 31.8 | 24.0 |
| Days payables outstanding | 45.7 | 53.5 | 87.1 | 11.6 | 10.5 |
| Cash conversion cycle (days) | 45.9 | -30.6 | -37.7 | 20.1 | 13.6 |
| Receivables turnover | 3.99 | 15.99 | 7.39 | 11.49 | 15.18 |
| Payables turnover | 7.99 | 6.83 | 4.19 | 31.39 | 34.84 |
| Asset turnover | 0.92 | 2.33 | 2.46 | 3.58 | 3.09 |
| Average receivables | $3.8M | $1.4M | $1.7M | $1.3M | $859,116 |
| Average payables | $954,646 | $1.8M | $1.6M | $195,206 | $173,694 |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from AISP's annual financial statements (latest annual report filed February 17, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
AISP valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Airship AI traded at 3.8 times earnings. Based on the latest twelve months, the trailing P/E is 3.1 and the forward P/E is 48.1. It ended the year with $0.9 million of debt and $11.8 million in cash and short-term investments, a net cash position of $10.9 million. The share count fell 6.8% from 41.5M to 38.7M over 4 years.
See the AISP income statement, the AISP chart for price history, or the AISP stock overview for the latest quote and news.
AISP key metrics FAQ
What is Airship AI's P/E ratio?
Airship AI's trailing P/E ratio is 3.1 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 48.1. At the end of fiscal 2025 it was 3.8.
What is Airship AI's EV/EBITDA?
Airship AI's enterprise value was 3.4 times EBITDA at the end of fiscal 2025 (enterprise value $100.9 million, EBITDA $29.7 million); the current EV/EBITDA is 7.9.
How much debt does Airship AI have?
Airship AI had total debt of $0.9 million at the end of fiscal 2025 and more cash than debt.
What is Airship AI's free cash flow yield?
Airship AI generated -$8.0 million of free cash flow in fiscal 2025, a free cash flow yield of −7.2% on its market value at year-end ($111.8 million).
What is Airship AI's current ratio?
Airship AI's current ratio was 2.94 at the end of fiscal 2025: current assets were 2.94 times current liabilities.