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Side-by-side financial comparison of AIRGAIN INC (AIRG) and Foghorn Therapeutics Inc. (FHTX). Click either name above to swap in a different company.
AIRGAIN INC is the larger business by last-quarter revenue ($12.1M vs $9.2M, roughly 1.3× Foghorn Therapeutics Inc.). AIRGAIN INC runs the higher net margin — -20.1% vs -234.3%, a 214.1% gap on every dollar of revenue. On growth, Foghorn Therapeutics Inc. posted the faster year-over-year revenue change (223.8% vs -19.6%). Over the past eight quarters, Foghorn Therapeutics Inc.'s revenue compounded faster (35.3% CAGR vs -7.7%).
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.
Foghorn Therapeutics Inc. is a clinical-stage biotechnology company dedicated to developing novel therapies targeting the chromatin regulatory system to treat various types of cancer and other severe diseases. It advances a diverse pipeline of targeted drug candidates, conducting internal R&D and strategic partnerships to serve global patient populations.
AIRG vs FHTX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.1M | $9.2M |
| Net Profit | $-2.4M | $-21.7M |
| Gross Margin | 44.8% | — |
| Operating Margin | -20.0% | -258.2% |
| Net Margin | -20.1% | -234.3% |
| Revenue YoY | -19.6% | 223.8% |
| Net Profit YoY | -24.4% | -11.1% |
| EPS (diluted) | $-0.21 | $-0.35 |
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.
| Q4 25 | $12.1M | $9.2M | ||
| Q3 25 | $14.0M | $8.2M | ||
| Q2 25 | $13.6M | $7.6M | ||
| Q1 25 | $12.0M | $6.0M | ||
| Q4 24 | $15.1M | $2.9M | ||
| Q3 24 | $16.1M | $7.8M | ||
| Q2 24 | $15.2M | $6.9M | ||
| Q1 24 | $14.2M | $5.0M |
| Q4 25 | $-2.4M | $-21.7M | ||
| Q3 25 | $-964.0K | $-15.8M | ||
| Q2 25 | $-1.5M | $-17.9M | ||
| Q1 25 | $-1.5M | $-18.8M | ||
| Q4 24 | $-2.0M | $-19.5M | ||
| Q3 24 | $-1.8M | $-19.1M | ||
| Q2 24 | $-2.5M | $-23.0M | ||
| Q1 24 | $-2.5M | $-25.0M |
| Q4 25 | 44.8% | — | ||
| Q3 25 | 43.6% | — | ||
| Q2 25 | 42.9% | — | ||
| Q1 25 | 43.0% | — | ||
| Q4 24 | 42.2% | — | ||
| Q3 24 | 41.7% | — | ||
| Q2 24 | 40.5% | — | ||
| Q1 24 | 39.2% | — |
| Q4 25 | -20.0% | -258.2% | ||
| Q3 25 | -6.9% | -226.9% | ||
| Q2 25 | -14.7% | -279.2% | ||
| Q1 25 | -25.8% | -385.0% | ||
| Q4 24 | -13.1% | -840.5% | ||
| Q3 24 | -11.3% | -305.5% | ||
| Q2 24 | -16.5% | -386.6% | ||
| Q1 24 | -18.5% | -558.3% |
| Q4 25 | -20.1% | -234.3% | ||
| Q3 25 | -6.9% | -194.4% | ||
| Q2 25 | -10.8% | -237.3% | ||
| Q1 25 | -12.9% | -316.4% | ||
| Q4 24 | -13.0% | -682.9% | ||
| Q3 24 | -10.9% | -244.9% | ||
| Q2 24 | -16.6% | -333.6% | ||
| Q1 24 | -17.3% | -495.4% |
| Q4 25 | $-0.21 | $-0.35 | ||
| Q3 25 | $-0.08 | $-0.25 | ||
| Q2 25 | $-0.12 | $-0.28 | ||
| Q1 25 | $-0.13 | $-0.30 | ||
| Q4 24 | $-0.17 | $-0.23 | ||
| Q3 24 | $-0.16 | $-0.31 | ||
| Q2 24 | $-0.23 | $-0.45 | ||
| Q1 24 | $-0.23 | $-0.59 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $7.4M | $80.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $28.3M | $-108.5M |
| Total Assets | $45.3M | $198.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.4M | $80.9M | ||
| Q3 25 | $7.1M | $89.3M | ||
| Q2 25 | $7.7M | $72.6M | ||
| Q1 25 | $7.4M | $61.0M | ||
| Q4 24 | $8.5M | $55.5M | ||
| Q3 24 | $7.3M | $57.7M | ||
| Q2 24 | $8.4M | $138.9M | ||
| Q1 24 | $7.2M | $79.3M |
| Q4 25 | $28.3M | $-108.5M | ||
| Q3 25 | $29.7M | $-89.7M | ||
| Q2 25 | $29.8M | $-76.7M | ||
| Q1 25 | $30.3M | $-61.7M | ||
| Q4 24 | $31.0M | $-45.5M | ||
| Q3 24 | $30.8M | $-28.3M | ||
| Q2 24 | $31.6M | $-14.3M | ||
| Q1 24 | $30.5M | $-97.5M |
| Q4 25 | $45.3M | $198.1M | ||
| Q3 25 | $45.5M | $205.0M | ||
| Q2 25 | $45.5M | $226.2M | ||
| Q1 25 | $46.1M | $258.7M | ||
| Q4 24 | $48.4M | $284.0M | ||
| Q3 24 | $43.3M | $308.4M | ||
| Q2 24 | $42.4M | $328.6M | ||
| Q1 24 | $42.8M | $255.0M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $194.0K | $-22.3M |
| Free Cash FlowOCF − Capex | $93.0K | — |
| FCF MarginFCF / Revenue | 0.8% | — |
| Capex IntensityCapex / Revenue | 0.8% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $194.0K | $-22.3M | ||
| Q3 25 | $-411.0K | $-18.9M | ||
| Q2 25 | $129.0K | $-21.0M | ||
| Q1 25 | $-1.0M | $-24.0M | ||
| Q4 24 | $-26.0K | $-24.5M | ||
| Q3 24 | $-1.2M | $-21.0M | ||
| Q2 24 | $-1.2M | $-25.5M | ||
| Q1 24 | $-1.1M | $-29.3M |
| Q4 25 | $93.0K | — | ||
| Q3 25 | $-418.0K | — | ||
| Q2 25 | $113.0K | $-21.0M | ||
| Q1 25 | $-1.1M | $-24.0M | ||
| Q4 24 | $-27.0K | $-25.0M | ||
| Q3 24 | $-1.2M | $-21.3M | ||
| Q2 24 | $-1.3M | $-25.6M | ||
| Q1 24 | $-1.2M | $-29.4M |
| Q4 25 | 0.8% | — | ||
| Q3 25 | -3.0% | — | ||
| Q2 25 | 0.8% | -278.2% | ||
| Q1 25 | -8.9% | -403.2% | ||
| Q4 24 | -0.2% | -875.3% | ||
| Q3 24 | -7.5% | -273.0% | ||
| Q2 24 | -8.5% | -371.0% | ||
| Q1 24 | -8.3% | -583.1% |
| Q4 25 | 0.8% | 0.0% | ||
| Q3 25 | 0.0% | 0.0% | ||
| Q2 25 | 0.1% | 0.3% | ||
| Q1 25 | 0.3% | 0.5% | ||
| Q4 24 | 0.0% | 16.8% | ||
| Q3 24 | 0.2% | 4.0% | ||
| Q2 24 | 0.6% | 0.2% | ||
| Q1 24 | 0.4% | 2.0% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AIRG
| Transferred At Point In Time | $11.3M | 93% |
| Other | $803.0K | 7% |
FHTX
Segment breakdown not available.
