Company / R&D Expense
AIRGAIN INC R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$9.5M
FY2025
5-year range
$9.2M / $11.3M
FY2021-FY2025
Trend
-9.2%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Declined from $11M to $10M over the past 2 years.
Based on SEC 10-K filings.
$10M in FY2025 with a 5-year CAGR of +1.2%.
Declined from $11M to $10M over the past 2 years.
R&D Expense over time
Growth rates
- 3-Year CAGR
- -4.4%
- 5-Year CAGR
- +1.2%
- 10-Year CAGR
- -
Key checks
Key Insights
- 5-year CAGR of +1.2%, indicating consistent growth.
- In FY2025, r&d expense decreased 9.2% year-over-year.
- Peak r&d expense was recorded in FY2023.
- Lowest r&d expense in the period was in FY2016.
Company context
Key Data Points
- Altman Z-Score -0.29 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $9.5M | -9.2% |
| FY2024 | $10.5M | -7.4% |
| FY2023 | $11.3M | +3.9% |
| FY2022 | $10.9M | +19.3% |
| FY2021 | $9.2M | +1.9% |
| FY2020 | $9.0M | +22.8% |
| FY2019 | $7.3M | +30.2% |
| FY2018 | $5.6M | +32.1% |
| FY2017 | $4.3M | +28.6% |
| FY2016 | $3.3M | - |
As of FY2025 · SEC 10-K · Updated Jun 24, 2026