Airgain Inc (AIRG) - Net Assets
Based on the latest financial reports, Airgain Inc (AIRG) has net assets worth $29.73 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($45.54 Million) and total liabilities ($15.81 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check AIRG asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $29.73 Million |
| % of Total Assets | 65.29% |
| Annual Growth Rate | 34.31% |
| 5-Year Change | -35.13% |
| 10-Year Change | 738.34% |
| Growth Volatility | 309.26 |
Airgain Inc - Net Assets Trend (2012–2024)
This chart illustrates how Airgain Inc's net assets have evolved over time, based on quarterly financial data. Also explore how large is Airgain Inc's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Airgain Inc (2012–2024)
The table below shows the annual net assets of Airgain Inc from 2012 to 2024. For live valuation and market cap data, see AIRG stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $30.97 Million | -1.41% |
| 2023-12-31 | $31.41 Million | -21.12% |
| 2022-12-31 | $39.83 Million | -9.84% |
| 2021-12-31 | $44.17 Million | -7.48% |
| 2020-12-31 | $47.74 Million | -0.34% |
| 2019-12-31 | $47.90 Million | +6.11% |
| 2018-12-31 | $45.15 Million | -2.33% |
| 2017-12-31 | $46.22 Million | +2.65% |
| 2016-12-31 | $45.03 Million | +1119.04% |
| 2015-12-31 | $3.69 Million | +20.95% |
| 2014-12-31 | $3.05 Million | +14.36% |
| 2013-12-31 | $2.67 Million | +197.14% |
| 2012-12-31 | $898.83K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Airgain Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 4262716000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $123.55 Million | 398.93% |
| Other Comprehensive Income | $-4.00K | -0.01% |
| Total Equity | $30.97 Million | 100.00% |
Airgain Inc Competitors by Market Cap
The table below lists competitors of Airgain Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Plan Optik AG
F:P4O
|
$58.37 Million |
|
Hansol Csn
KO:009180
|
$58.37 Million |
|
RTG Mining Inc
AU:RTG
|
$58.41 Million |
|
Arrienda Rental Properties SOCIMI SA
MC:YARP
|
$58.42 Million |
|
Park Elektrik Uretim Madencilik Sanayi ve Ticaret AS
IS:PRKME
|
$58.35 Million |
|
Duran-Dogan Basim ve Ambalaj Sanayi AS
IS:DURDO
|
$58.35 Million |
|
Khaitan Chemicals & Fertilizers Limited
NSE:KHAICHEM
|
$58.31 Million |
|
Choheung
KO:002600
|
$58.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Airgain Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 31,413,000 to 30,969,000, a change of -444,000 (-1.4%).
- Net loss of 8,688,000 reduced equity.
- New share issuances of 4,395,000 increased equity.
- Other comprehensive income decreased equity by 7,000.
- Other factors increased equity by 3,856,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-8.69 Million | -28.05% |
| Share Issuances | $4.39 Million | +14.19% |
| Other Comprehensive Income | $-7.00K | -0.02% |
| Other Changes | $3.86 Million | +12.45% |
| Total Change | $- | -1.41% |
Book Value vs Market Value Analysis
This analysis compares Airgain Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.53x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.99x to 2.53x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $2.37 | $7.10 | x |
| 2013-12-31 | $7.05 | $7.10 | x |
| 2014-12-31 | $0.54 | $7.10 | x |
| 2015-12-31 | $0.66 | $7.10 | x |
| 2016-12-31 | $9.65 | $7.10 | x |
| 2017-12-31 | $4.46 | $7.10 | x |
| 2018-12-31 | $4.74 | $7.10 | x |
| 2019-12-31 | $4.74 | $7.10 | x |
| 2020-12-31 | $4.91 | $7.10 | x |
| 2021-12-31 | $4.41 | $7.10 | x |
| 2022-12-31 | $3.91 | $7.10 | x |
| 2023-12-31 | $3.02 | $7.10 | x |
| 2024-12-31 | $2.80 | $7.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Airgain Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -28.05%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -14.34%
- • Asset Turnover: 1.25x
- • Equity Multiplier: 1.56x
- Recent ROE (-28.05%) is above the historical average (-34.24%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | -358.41% | -17.70% | 4.94x | 4.10x | $-3.31 Million |
| 2013 | -84.80% | -8.92% | 3.78x | 2.52x | $-2.53 Million |
| 2014 | 117.49% | 14.07% | 2.92x | 2.86x | $3.28 Million |
| 2015 | -7.32% | -0.97% | 1.82x | 4.13x | $-639.75K |
| 2016 | 8.29% | 8.60% | 0.77x | 1.24x | $-769.53K |
| 2017 | 2.47% | 2.30% | 0.88x | 1.22x | $-3.48 Million |
| 2018 | -5.72% | -4.26% | 1.15x | 1.17x | $-7.10 Million |
| 2019 | 1.93% | 1.66% | 1.02x | 1.14x | $-3.86 Million |
| 2020 | -6.87% | -6.76% | 0.88x | 1.15x | $-8.05 Million |
| 2021 | -22.84% | -15.69% | 0.92x | 1.59x | $-14.50 Million |
| 2022 | -21.74% | -11.41% | 1.32x | 1.45x | $-12.64 Million |
| 2023 | -39.56% | -22.18% | 1.26x | 1.42x | $-15.57 Million |
| 2024 | -28.05% | -14.34% | 1.25x | 1.56x | $-11.78 Million |
Industry Comparison
This section compares Airgain Inc's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $225,625,119
- Average return on equity (ROE) among peers: -38.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Airgain Inc (AIRG) | $29.73 Million | -358.41% | 0.53x | $58.36 Million |
| Applied Opt (AAOI) | $20.68 Million | -25.77% | 1.60x | $2.97 Billion |
| ADTRAN Inc (ADTN) | $604.61 Million | 7.57% | 0.31x | $1.27 Billion |
| Akoustis Technologies, Inc. (AKTSQ) | $86.24 Million | -73.70% | 0.73x | $138.60K |
| Amplitech Group Inc (AMPG) | $556.32K | 82.02% | 0.41x | $75.54 Million |
| Actelis Networks Inc. (ASNS) | $3.27 Million | -336.36% | 3.54x | $749.43K |
| Ast Spacemobile Inc (ASTS) | $207.56 Million | -5.24% | 0.12x | $22.55 Billion |
| Aviat Networks Inc (AVNW) | $255.88 Million | 4.21% | 1.09x | $204.57 Million |
| Belden Inc (BDC) | $819.24 Million | 1.85% | 0.70x | $4.17 Billion |
| BK Technologies Inc (BKTI) | $32.60 Million | 3.37% | 0.76x | $310.35 Million |
About Airgain Inc
Airgain, Inc. provides wireless connectivity solutions that offers embedded components, external antennas, and integrated systems worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; profile ceramic embedded antenna; ultra embedded antennas; and SmartMax embedded antennas. It offers embedded and NimbeLink embedded moder… Read more