Airgain Valuation Multiples

Airgain Overview

About Airgain

Airgain Inc is engaged in providing antenna technologies. These technologies can be used to enable performance wireless networking across devices and markets which include connected homes, enterprises, automotive, and the Internet of Things. It also provides solutions to complex radio frequency, engineering challenges, and improving wireless service that require higher throughput, broad coverage footprint, and carrier-grade quality. Geographically, it derives maximum revenue from North America and also has a presence in China and the Rest of the World. The company products include Antenna Plus: Fleet, M2M, IoT Antennas, Carrier-Class Antenna, Embedded Antennas, and External Dipole Antennas.

Founded

1995

HQ

Employees

121

Website

airgain.com

Sectors

IoTElectronic ComponentsNetworking HardwareDeepTech

Financials (LTM)

Revenue: $53M

EBITDA: ($1M)

EV

$50M

Valuation Multiples

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Airgain Financials

Airgain reported last 12-month revenue of $53M and negative EBITDA of ($1M).

In the same LTM period, Airgain generated $23M in gross profit, ($1M) in EBITDA losses, and had net loss of ($6M).

Airgain P&L

In the most recent fiscal year, Airgain reported revenue of $52M and EBITDA of ($2M).

Airgain expects next 12-month revenue of XXX and NTM EBITDA of XXX

Airgain Stock Performance

Airgain has current market cap of $53M, and enterprise value of $50M.

Airgain's stock price is $4.41.

Airgain Valuation Multiples

Airgain trades at 1.0x EV/Revenue multiple, and (49.6x) EV/EBITDA.

Airgain Financial Valuation Multiples

As of March 10, 2026, Airgain has market cap of $53M and EV of $50M.

Equity research analysts estimate Airgain's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Airgain has a P/E ratio of (8.2x).

Airgain Margins & Growth Rates

Airgain's revenue in the last 12 month grew by 11%.

Airgain's revenue per employee in the last FY averaged $0.4M.

Airgain's rule of 40 is 9% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Airgain's rule of X is 25% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Airgain Public Comps

See public comps and valuation multiples for other IoT and Electronic Components comps.

Airgain M&A Activity

Airgain acquired XXX companies to date.

Last acquisition by Airgain was on XXXXXXXX, XXXXX. Airgain acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Airgain Investment Activity

Airgain invested in XXX companies to date.

Airgain made its latest investment on XXXXXXXX, XXXXX. Airgain invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).