AISP
Airship AI Holdings, Inc.Technology·Software - Infrastructure
$3.02
$104M market cap
Revenue
$12.8M
Free Cash Flow
$-2.7M
Rev Growth
+0.0%
FCF Margin
-20.9%
P/FCF
--
EV/FCF
--
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Airship AI Holdings, Inc. provides AI-driven video, sensor, and data management surveillance platform in the United States. The company offers Airship Acropolis OS, an IP and analog video surveillance; Airship Command, a suite of visualization tools that allows users to view data and evidence ingested from the edge; and Airship Outpost foe high-definition recording with user defined low-bit rate video stream encoding. It serves government, public sector, law enforcement, military, and commercial
2-Year Price History
$2.56-26.2%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 6.4 | -1.5 | -1.6 | -0.7 | 0.8 | 0.8 | -0.0 | 12,568 | 758.4 | 34.4 | -0.8% | -- | -- |
| Act | 2025-Q4 | 6.5 | -0.5 | -0.6 | 23.0 | -3.5 | -3.5 | -0.0 | 11.8 | 0.9 | 38.7 | -283.8% | -- | -- |
Valuation & Metrics
Market Stats
Price$3.02
Market Cap$104M
Enterprise Value$-11.7B
P/S Ratio8.1x
P/FCF--
EV/FCF--
FCF Margin (TTM)-20.9%
FCF Yield-2.6%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$12.8M
Net Income$22.2M
Free Cash Flow$-2.7M
Revenue Growth (YoY)+0.0%
EBITDA Margin-15.5%
Net Margin173.1%
FCF Margin-20.9%
CapEx % of Revenue0.0%
SBC % of Revenue6454.4%
ROIC-142.3%
WC Change % Rev-32420.1%
Interest Coverage--
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares4.9M
Days to Cover9.4
Change (vs Prior)+6.9%
Need at least 2 settlement dates for chart
Employees
Headcount53
Revenue / Employee$242,401
Gross Profit / Employee$122,495
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
8.1%(+0.4% YoY)
73 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
10.9%(+0.1% YoY)
8 filers
Vanguard, iShares, SPDR
Market makers
0.7%(-0.1% YoY)
4 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| BlackRock, Inc.Passive | $3.3M | $3.87 | +$100K | +$1.5M | -0.2% | $5.69T |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $2.1M | $2.26 | +$2.1M | +$2.1M | — | $4.04T |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $1.3M | $4.76 | +$192K | +$599K | +2.3% | $1.61T |
| Nuveen, LLC | $1.2M | $3.72 | +$422K | +$1.2M | +0.0% | $368.63B |
| STATE STREET CORPPassive | $928K | $4.52 | +$148K | +$490K | -0.2% | $2.89T |
| UBS Group AG | $737K | $3.03 | +$422K | +$669K | -0.3% | $562.11B |
| FMR LLC | $578K | $3.53 | +$116K | +$282K | -0.0% | $1.89T |
| NORTHERN TRUST CORPPassive | $565K | $4.43 | +$5K | +$134K | -0.2% | $755.34B |
| AQR CAPITAL MANAGEMENT LLC | $560K | $3.10 | +$11K | +$373K | -0.2% | $218.19B |
| SUSQUEHANNA INTERNATIONAL GROUP, LLPMM | $506K | $5.17 | −$50K | +$220K | -0.6% | $77.14B |
| LAZARD ASSET MANAGEMENT LLC | $419K | $2.26 | +$419K | +$419K | -0.3% | $60.69B |
| GOLDMAN SACHS GROUP INC | $393K | $5.15 | +$34K | +$166K | -0.2% | $760.93B |
| VANGUARD FIDUCIARY TRUST COPassive | $347K | $2.26 | +$347K | +$347K | — | $395.83B |
| VANGUARD PORTFOLIO MANAGEMENT LLCPassive | $306K | $2.26 | +$306K | +$306K | — | $1.91T |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $245K | $5.04 | −$113K | +$165K | -2.3% | $4.93B |
| ALLIANCEBERNSTEIN L.P. | $196K | $4.09 | +$0 | +$64K | -0.3% | $307.70B |
| STATE OF WISCONSIN INVESTMENT BOARD | $193K | $4.77 | −$85K | +$193K | -0.2% | $43.36B |
| Bank of New York Mellon Corp | $172K | $4.84 | −$6K | +$145K | -0.2% | $543.21B |
| WELLS FARGO & COMPANY/MN | $144K | $3.83 | −$33K | +$20K | -0.2% | $497.71B |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $133K | $4.03 | −$31K | +$67K | +0.7% | $645.81B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
-0.20%
avg per quarter
Holders (ex-self)
-0.20%
excl. this stock
Buyers (this Q)
-0.24%
34 buyers · $0.00B in
Sellers (this Q)
-0.13%
27 sellers · $0.00B out
alpha coverage: 83% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
+2.1%
how holders react when this stock falls
On quiet Qs
+59.2%
−10% to +10% baseline
On rallies (+10%+)
+19.4%
how they react when this stock rises
Holders' portfolio flow this Q
+3.9%
inflows — adds are organic
Sellers' portfolio flow this Q
+3.0%
Sellers grew AUM elsewhere — opinionated cut of this stock.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-2.8%
Holder mid (any stock)
-2.0%
Holder rally (any stock)
-1.7%
Biggest decreases this quarter
JANE STREET GROUP, LLCexited−$322KLOS ANGELES CAPITAL MANAGEMENT & EQUITY RESEARCH INCexited−$187KAristides Capital LLCexited−$168KHRT FINANCIAL LPexited−$142KMORGAN STANLEY−$127Kα-0.3BRIDGEWAY CAPITAL MANAGEMENT, LLC−$113Kα-2.3STATE OF WISCONSIN INVESTMENT BOARD−$85Kα-0.2SUSQUEHANNA INTERNATIONAL GROUP, LLP−$50Kα-0.6TWO SIGMA SECURITIES, LLCexited−$46KCaitong International Asset Management Co., Ltdexited−$39K
New buyers this quarter
Top-5 holders · 55.0%
BlackRock, Inc.--
VANGUARD CAPITAL MANAGEMENT LLC--
GEODE CAPITAL MANAGEMENT, LLC--
Nuveen, LLC--
STATE STREET CORP--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
Migdal Insurance & Financial Holdings Ltd.—ARMISTICE CAPITAL, LLC—ESSEX INVESTMENT MANAGEMENT CO LLC—LPL Financial LLC22KMARSHALL WACE, LLP38KNuveen, LLC517KCITADEL ADVISORS LLC—BRIDGEWAY CAPITAL MANAGEMENT, LLC109KFMR LLC256KUBS Group AG326K
Analyst Coverage
Analyst Coverage
Price Targets
Last Quarter (1 analysts)$6.5011520.0%
Last Year (2 analysts)$7.2514010.0%
Current Price$3.02
Analyst Ratings
1
Buy: 1Consensus: Buy
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$433K
2 txns · 2 insiders · 150,000 sh
Sells ($, 12mo)
$524K
2 txns · 2 insiders · 96,836 sh
Major holders (≥10% beneficial owners)
Buys ($, 12mo)
$946K
15 txns · 1 insider · 281,125 sh
Sells ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-03-20 | BUY | Huang Victor | director, 10 percent owner, officer: CEO and Chairman of the BOD | 40,000 | $2.24 | $90K | $9.00M |
| 2025-12-29 | BUY | Allen Paul M. | officer: President | 100,000 | $2.74 | $274K | $417K |
| 2025-12-15 | BUY | Huang Victor | director, 10 percent owner, officer: CEO and Chairman of the BOD | 40,000 | $4.50 | $180K | $568K |
| 2025-11-21 | BUY | Huang Victor | director, 10 percent owner, officer: CEO and Chairman of the BOD | 10,000 | $3.02 | $30K | $619K |
| 2025-11-20 | BUY | Huang Victor | director, 10 percent owner, officer: CEO and Chairman of the BOD | 51,000 | $3.18 | $162K | $619K |
| 2025-11-19 | BUY | Huang Victor | director, 10 percent owner, officer: CEO and Chairman of the BOD | 1,000 | $4.50 | $5K | $383K |
| 2025-11-18 | BUY | Lebedin Louis | director | 50,000 | $3.18 | $159K | $318K |
| 2025-08-29 | BUY | Huang Victor | director, 10 percent owner, officer: CEO and Chairman of the BOD | 12,000 | $2.98 | $36K | $18K |
| 2025-08-22 | BUY | Huang Victor | director, 10 percent owner, officer: CEO and Chairman of the BOD | 2,000 | $4.50 | $9K | $379K |
| 2025-08-20 | BUY | Huang Victor | director, 10 percent owner, officer: CEO and Chairman of the BOD | 6,000 | $4.50 | $27K | $370K |
| 2025-08-19 | BUY | Huang Victor | director, 10 percent owner, officer: CEO and Chairman of the BOD | 12,000 | $4.50 | $54K | $343K |
| 2025-08-18 | BUY | Huang Victor | director, 10 percent owner, officer: CEO and Chairman of the BOD | 7,125 | $4.50 | $32K | $289K |
| 2025-08-15 | BUY | Huang Victor | director, 10 percent owner, officer: CEO and Chairman of the BOD | 4,000 | $4.50 | $18K | $257K |
| 2025-08-14 | BUY | Huang Victor | director, 10 percent owner, officer: CEO and Chairman of the BOD | 10,000 | $4.50 | $45K | $239K |
| 2025-08-13 | BUY | Huang Victor | director, 10 percent owner, officer: CEO and Chairman of the BOD | 14,000 | $3.07 | $43K | $546K |
| 2025-08-12 | BUY | Huang Victor | director, 10 percent owner, officer: CEO and Chairman of the BOD | 20,000 | $3.02 | $60K | $516K |
| 2025-08-08 | BUY | Huang Victor | director, 10 percent owner, officer: CEO and Chairman of the BOD | 52,000 | $2.98 | $155K | $479K |
| 2025-06-30 | SELL | SCOTT MARK E | officer: Chief Financial Officer | 26,836 | $6.21 | $167K | $0 |
| 2025-06-23 | SELL | Allen Paul M. | officer: President | 70,000 | $5.11 | $358K | $265K |
Order Flow (FINRA, ~3w lag)
43.5%retail+1.3pp
10.8%dark-0.8pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Airship AI: Paper Profits Masking Operational Decay and Dilutive Inducements
Overall Risk
7/10
Fraud
6/10
Dilution
9/10
Insolvency
7/10
Earnings Overstated
8/10
Hidden Liabilities
4/10
Legal
3/10
Audit Warnings
5/10
Hidden Upside
2/10
Contextually Acceptable
3/10