Airship AI Holdings, Inc.

AISPNASDAQTechnology● Active

$2.76

$-0.38(-12.10%)

Market Cap$95053191

P/E Ratio—

52W High$7.2

52W Low$2.03

Avg Volume523K

Open$3.08

Beta0.50

Overview

Airship AI Holdings, Inc. (AISP) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

AISP · free cash flow · updated Jun 8, 2026

Core FCF metrics

AISP · FCF · TTM · margin & CAGR

Free cash flow was −$8.0M for FY2025 (fiscal year ending 2025-12-31), down 23.1% year-over-year The FCF margin was -52.3%.

FY2025 Free Cash Flow−$8.0M▼ -23.1% YoY

Trailing 12M (TTM)−$5.1Mtrailing 4 quarters sum

FCF Margin-52.3%−$8.0M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

AISP · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$8.0M(0M)−$8.0M▼ 23.1%-52.3%

FY2024−$6.5M(0M)−$6.5M▼ 97.6%-28.2%

FY2023−$3.3M(0M)−$3.3M▼ 13.4%-26.8%

FY2022−$2.9M(0M)−$2.9M▲ +43.4%-19.9%

FY2021−$5.1M(0M)−$5.1M—-39.4%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

AISP · P/FCF · FCF yield · FCF per share

Airship AI Holdings, Inc. (AISP) reported negative free cash flow of −$0.01B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

AISP · cash flow statement · operating / investing / financing

For FY2025, Airship AI Holdings, Inc. generated −$8.0M in operating cash flow and spent 0M in capital expenditures, yielding −$8.0M in free cash flow.

Operating Activities

−$8.0M

Cash from core business operations

2025-12-31

Investing Activities

+$0.0M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$8.3M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$8.0M) − |CapEx| (0M) = FCF (−$8.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

AISP vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Airship AI Holdings, Inc.YOU

AISP

−$8.0M-23.1%-52.2%

Loss

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Airship AI Holdings, Inc. (AISP) reported free cash flow of −$8.0M for FY2025 (fiscal year ending 2025-12-31), down 23.1% year-over-year. The FCF margin was -52.3%.

Airship AI Holdings, Inc. has reported negative free cash flow in recent periods, indicating capital expenditures have exceeded operating cash flow. Data available for 5 fiscal years.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

AISP free cash flow · 8 questions

Airship AI Holdings, Inc. free cash flow was −$8.0M for FY2025, down 23.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$5.1M.

AISP free cash flowAISP FCFAISP FCF 2025AISP free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Airship AI Holdings, Inc. · Airship AI Holdings, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026