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Side-by-side financial comparison of AIRGAIN INC (AIRG) and ASP Isotopes Inc. (ASPI). Click either name above to swap in a different company.

ASP Isotopes Inc. is the larger business by last-quarter revenue ($16.7M vs $12.1M, roughly 1.4× AIRGAIN INC). On growth, ASP Isotopes Inc. posted the faster year-over-year revenue change (1295.7% vs -19.6%). AIRGAIN INC produced more free cash flow last quarter ($93.0K vs $-47.4M).

Airgain Inc is a leading provider of high-performance wireless connectivity solutions, including advanced antenna products, embedded radio modules, and custom connectivity systems. It serves core market segments such as IoT, automotive, smart home, enterprise networking, and telecommunications, delivering reliable high-speed wireless performance for various connected device use cases.

ASP Isotopes Inc. is a specialty materials firm focused on developing and producing high-purity custom isotopes. Its products serve key sectors including nuclear medicine, targeted cancer therapies, advanced energy, and industrial research, with customers across North America, Europe and Asia Pacific.

AIRG vs ASPI — Head-to-Head

Bigger by revenue
ASPI
ASPI
1.4× larger
ASPI
$16.7M
$12.1M
AIRG
Growing faster (revenue YoY)
ASPI
ASPI
+1315.3% gap
ASPI
1295.7%
-19.6%
AIRG
More free cash flow
AIRG
AIRG
$47.5M more FCF
AIRG
$93.0K
$-47.4M
ASPI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AIRG
AIRG
ASPI
ASPI
Revenue
$12.1M
$16.7M
Net Profit
$-2.4M
Gross Margin
44.8%
12.5%
Operating Margin
-20.0%
Net Margin
-20.1%
Revenue YoY
-19.6%
1295.7%
Net Profit YoY
-24.4%
-586.8%
EPS (diluted)
$-0.21

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AIRG
AIRG
ASPI
ASPI
Q4 25
$12.1M
$16.7M
Q3 25
$14.0M
$4.9M
Q2 25
$13.6M
Q1 25
$12.0M
Q4 24
$15.1M
Q3 24
$16.1M
Q2 24
$15.2M
Q1 24
$14.2M
Net Profit
AIRG
AIRG
ASPI
ASPI
Q4 25
$-2.4M
Q3 25
$-964.0K
$-12.9M
Q2 25
$-1.5M
Q1 25
$-1.5M
Q4 24
$-2.0M
Q3 24
$-1.8M
Q2 24
$-2.5M
Q1 24
$-2.5M
Gross Margin
AIRG
AIRG
ASPI
ASPI
Q4 25
44.8%
12.5%
Q3 25
43.6%
8.7%
Q2 25
42.9%
Q1 25
43.0%
Q4 24
42.2%
Q3 24
41.7%
Q2 24
40.5%
Q1 24
39.2%
Operating Margin
AIRG
AIRG
ASPI
ASPI
Q4 25
-20.0%
Q3 25
-6.9%
-306.1%
Q2 25
-14.7%
Q1 25
-25.8%
Q4 24
-13.1%
Q3 24
-11.3%
Q2 24
-16.5%
Q1 24
-18.5%
Net Margin
AIRG
AIRG
ASPI
ASPI
Q4 25
-20.1%
Q3 25
-6.9%
-263.7%
Q2 25
-10.8%
Q1 25
-12.9%
Q4 24
-13.0%
Q3 24
-10.9%
Q2 24
-16.6%
Q1 24
-17.3%
EPS (diluted)
AIRG
AIRG
ASPI
ASPI
Q4 25
$-0.21
Q3 25
$-0.08
$-0.15
Q2 25
$-0.12
Q1 25
$-0.13
Q4 24
$-0.17
Q3 24
$-0.16
Q2 24
$-0.23
Q1 24
$-0.23

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AIRG
AIRG
ASPI
ASPI
Cash + ST InvestmentsLiquidity on hand
$7.4M
$333.3M
Total DebtLower is stronger
$14.4M
Stockholders' EquityBook value
$28.3M
$204.2M
Total Assets
$45.3M
$498.0M
Debt / EquityLower = less leverage
0.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIRG
AIRG
ASPI
ASPI
Q4 25
$7.4M
$333.3M
Q3 25
$7.1M
$113.9M
Q2 25
$7.7M
Q1 25
$7.4M
Q4 24
$8.5M
Q3 24
$7.3M
Q2 24
$8.4M
Q1 24
$7.2M
Total Debt
AIRG
AIRG
ASPI
ASPI
Q4 25
$14.4M
Q3 25
$13.9M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AIRG
AIRG
ASPI
ASPI
Q4 25
$28.3M
$204.2M
Q3 25
$29.7M
$74.1M
Q2 25
$29.8M
Q1 25
$30.3M
Q4 24
$31.0M
Q3 24
$30.8M
Q2 24
$31.6M
Q1 24
$30.5M
Total Assets
AIRG
AIRG
ASPI
ASPI
Q4 25
$45.3M
$498.0M
Q3 25
$45.5M
$225.9M
Q2 25
$45.5M
Q1 25
$46.1M
Q4 24
$48.4M
Q3 24
$43.3M
Q2 24
$42.4M
Q1 24
$42.8M
Debt / Equity
AIRG
AIRG
ASPI
ASPI
Q4 25
0.07×
Q3 25
0.19×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AIRG
AIRG
ASPI
ASPI
Operating Cash FlowLast quarter
$194.0K
$-37.8M
Free Cash FlowOCF − Capex
$93.0K
$-47.4M
FCF MarginFCF / Revenue
0.8%
-284.7%
Capex IntensityCapex / Revenue
0.8%
57.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-1.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIRG
AIRG
ASPI
ASPI
Q4 25
$194.0K
$-37.8M
Q3 25
$-411.0K
$-8.9M
Q2 25
$129.0K
Q1 25
$-1.0M
Q4 24
$-26.0K
Q3 24
$-1.2M
Q2 24
$-1.2M
Q1 24
$-1.1M
Free Cash Flow
AIRG
AIRG
ASPI
ASPI
Q4 25
$93.0K
$-47.4M
Q3 25
$-418.0K
$-12.0M
Q2 25
$113.0K
Q1 25
$-1.1M
Q4 24
$-27.0K
Q3 24
$-1.2M
Q2 24
$-1.3M
Q1 24
$-1.2M
FCF Margin
AIRG
AIRG
ASPI
ASPI
Q4 25
0.8%
-284.7%
Q3 25
-3.0%
-245.5%
Q2 25
0.8%
Q1 25
-8.9%
Q4 24
-0.2%
Q3 24
-7.5%
Q2 24
-8.5%
Q1 24
-8.3%
Capex Intensity
AIRG
AIRG
ASPI
ASPI
Q4 25
0.8%
57.9%
Q3 25
0.0%
64.4%
Q2 25
0.1%
Q1 25
0.3%
Q4 24
0.0%
Q3 24
0.2%
Q2 24
0.6%
Q1 24
0.4%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AIRG
AIRG

Transferred At Point In Time$11.3M93%
Other$803.0K7%

ASPI
ASPI

Segment breakdown not available.

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