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Side-by-side financial comparison of AIRGAIN INC (AIRG) and FIRST US BANCSHARES, INC. (FUSB). Click either name above to swap in a different company.

AIRGAIN INC is the larger business by last-quarter revenue ($12.1M vs $10.4M, roughly 1.2× FIRST US BANCSHARES, INC.). FIRST US BANCSHARES, INC. runs the higher net margin — 20.4% vs -20.1%, a 40.6% gap on every dollar of revenue. On growth, FIRST US BANCSHARES, INC. posted the faster year-over-year revenue change (7.1% vs -19.6%). FIRST US BANCSHARES, INC. produced more free cash flow last quarter ($9.1M vs $93.0K). Over the past eight quarters, FIRST US BANCSHARES, INC.'s revenue compounded faster (2.6% 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.

First Citizens Bancshares, Inc. is a bank holding company based in Raleigh, North Carolina and one of the largest banks in the United States. Its primary subsidiary is First Citizens Bank, which operates over 500 branches in 23 states. A second subsidiary is Silicon Valley Bank, which operates 39 offices in 15 states.

AIRG vs FUSB — Head-to-Head

Bigger by revenue
AIRG
AIRG
1.2× larger
AIRG
$12.1M
$10.4M
FUSB
Growing faster (revenue YoY)
FUSB
FUSB
+26.7% gap
FUSB
7.1%
-19.6%
AIRG
Higher net margin
FUSB
FUSB
40.6% more per $
FUSB
20.4%
-20.1%
AIRG
More free cash flow
FUSB
FUSB
$9.0M more FCF
FUSB
$9.1M
$93.0K
AIRG
Faster 2-yr revenue CAGR
FUSB
FUSB
Annualised
FUSB
2.6%
-7.7%
AIRG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AIRG
AIRG
FUSB
FUSB
Revenue
$12.1M
$10.4M
Net Profit
$-2.4M
$2.1M
Gross Margin
44.8%
Operating Margin
-20.0%
28.1%
Net Margin
-20.1%
20.4%
Revenue YoY
-19.6%
7.1%
Net Profit YoY
-24.4%
24.2%
EPS (diluted)
$-0.21
$0.36

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
FUSB
FUSB
Q4 25
$12.1M
$10.4M
Q3 25
$14.0M
$10.5M
Q2 25
$13.6M
$10.3M
Q1 25
$12.0M
$9.8M
Q4 24
$15.1M
$9.7M
Q3 24
$16.1M
$10.1M
Q2 24
$15.2M
$10.0M
Q1 24
$14.2M
$9.9M
Net Profit
AIRG
AIRG
FUSB
FUSB
Q4 25
$-2.4M
$2.1M
Q3 25
$-964.0K
$1.9M
Q2 25
$-1.5M
$155.0K
Q1 25
$-1.5M
$1.8M
Q4 24
$-2.0M
$1.7M
Q3 24
$-1.8M
$2.2M
Q2 24
$-2.5M
$2.1M
Q1 24
$-2.5M
$2.1M
Gross Margin
AIRG
AIRG
FUSB
FUSB
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%
Operating Margin
AIRG
AIRG
FUSB
FUSB
Q4 25
-20.0%
28.1%
Q3 25
-6.9%
23.9%
Q2 25
-14.7%
1.6%
Q1 25
-25.8%
23.8%
Q4 24
-13.1%
23.8%
Q3 24
-11.3%
29.2%
Q2 24
-16.5%
27.4%
Q1 24
-18.5%
27.8%
Net Margin
AIRG
AIRG
FUSB
FUSB
Q4 25
-20.1%
20.4%
Q3 25
-6.9%
18.4%
Q2 25
-10.8%
1.5%
Q1 25
-12.9%
18.1%
Q4 24
-13.0%
17.6%
Q3 24
-10.9%
22.0%
Q2 24
-16.6%
21.2%
Q1 24
-17.3%
21.3%
EPS (diluted)
AIRG
AIRG
FUSB
FUSB
Q4 25
$-0.21
$0.36
Q3 25
$-0.08
$0.32
Q2 25
$-0.12
$0.03
Q1 25
$-0.13
$0.29
Q4 24
$-0.17
$0.29
Q3 24
$-0.16
$0.36
Q2 24
$-0.23
$0.34
Q1 24
$-0.23
$0.34

Balance Sheet & Financial Strength

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

Metric
AIRG
AIRG
FUSB
FUSB
Cash + ST InvestmentsLiquidity on hand
$7.4M
$73.5M
Total DebtLower is stronger
$10.9M
Stockholders' EquityBook value
$28.3M
$105.6M
Total Assets
$45.3M
$1.2B
Debt / EquityLower = less leverage
0.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIRG
AIRG
FUSB
FUSB
Q4 25
$7.4M
$73.5M
Q3 25
$7.1M
$54.7M
Q2 25
$7.7M
$54.0M
Q1 25
$7.4M
$56.0M
Q4 24
$8.5M
$47.2M
Q3 24
$7.3M
$82.3M
Q2 24
$8.4M
$58.2M
Q1 24
$7.2M
$60.2M
Total Debt
AIRG
AIRG
FUSB
FUSB
Q4 25
$10.9M
Q3 25
$10.9M
Q2 25
$10.9M
Q1 25
$10.9M
Q4 24
$10.9M
Q3 24
$10.9M
Q2 24
$10.8M
Q1 24
$10.8M
Stockholders' Equity
AIRG
AIRG
FUSB
FUSB
Q4 25
$28.3M
$105.6M
Q3 25
$29.7M
$104.2M
Q2 25
$29.8M
$101.9M
Q1 25
$30.3M
$101.2M
Q4 24
$31.0M
$98.6M
Q3 24
$30.8M
$98.5M
Q2 24
$31.6M
$93.8M
Q1 24
$30.5M
$92.3M
Total Assets
AIRG
AIRG
FUSB
FUSB
Q4 25
$45.3M
$1.2B
Q3 25
$45.5M
$1.1B
Q2 25
$45.5M
$1.1B
Q1 25
$46.1M
$1.1B
Q4 24
$48.4M
$1.1B
Q3 24
$43.3M
$1.1B
Q2 24
$42.4M
$1.1B
Q1 24
$42.8M
$1.1B
Debt / Equity
AIRG
AIRG
FUSB
FUSB
Q4 25
0.10×
Q3 25
0.10×
Q2 25
0.11×
Q1 25
0.11×
Q4 24
0.11×
Q3 24
0.11×
Q2 24
0.12×
Q1 24
0.12×

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
FUSB
FUSB
Operating Cash FlowLast quarter
$194.0K
$12.3M
Free Cash FlowOCF − Capex
$93.0K
$9.1M
FCF MarginFCF / Revenue
0.8%
87.2%
Capex IntensityCapex / Revenue
0.8%
31.1%
Cash ConversionOCF / Net Profit
5.79×
TTM Free Cash FlowTrailing 4 quarters
$-1.3M
$16.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIRG
AIRG
FUSB
FUSB
Q4 25
$194.0K
$12.3M
Q3 25
$-411.0K
$4.2M
Q2 25
$129.0K
$3.9M
Q1 25
$-1.0M
$1.8M
Q4 24
$-26.0K
$7.8M
Q3 24
$-1.2M
$1.9M
Q2 24
$-1.2M
$2.5M
Q1 24
$-1.1M
$825.0K
Free Cash Flow
AIRG
AIRG
FUSB
FUSB
Q4 25
$93.0K
$9.1M
Q3 25
$-418.0K
$3.6M
Q2 25
$113.0K
$1.6M
Q1 25
$-1.1M
$1.7M
Q4 24
$-27.0K
$5.7M
Q3 24
$-1.2M
$1.3M
Q2 24
$-1.3M
$2.3M
Q1 24
$-1.2M
$-142.0K
FCF Margin
AIRG
AIRG
FUSB
FUSB
Q4 25
0.8%
87.2%
Q3 25
-3.0%
34.2%
Q2 25
0.8%
16.0%
Q1 25
-8.9%
17.2%
Q4 24
-0.2%
58.2%
Q3 24
-7.5%
12.7%
Q2 24
-8.5%
23.5%
Q1 24
-8.3%
-1.4%
Capex Intensity
AIRG
AIRG
FUSB
FUSB
Q4 25
0.8%
31.1%
Q3 25
0.0%
5.9%
Q2 25
0.1%
21.8%
Q1 25
0.3%
0.7%
Q4 24
0.0%
21.6%
Q3 24
0.2%
6.6%
Q2 24
0.6%
2.0%
Q1 24
0.4%
9.8%
Cash Conversion
AIRG
AIRG
FUSB
FUSB
Q4 25
5.79×
Q3 25
2.18×
Q2 25
25.16×
Q1 25
0.99×
Q4 24
4.53×
Q3 24
0.87×
Q2 24
1.20×
Q1 24
0.39×

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%

FUSB
FUSB

Segment breakdown not available.

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