AIRS Q3 FY2026 earnings: results, stock reaction and implied move

Reported results

Revenue was $31.9 million, a decline of 8.7% from $35.0 million in the third quarter of fiscal year 2025.
GAAP net loss was $7.2 million, an improvement of $2.3 million from a GAAP net loss of $9.5 million in the third quarter of fiscal year 2025.
Non-GAAP Adjusted EBITDA was $0.4 million, a decline of $2.6 million compared to $3.0 million in the third quarter of fiscal year 2025.
GAAP basic and diluted loss per share of common stock was $(0.10), compared to $(0.15) in the prior year period.
Non-GAAP Adjusted EBITDA margin was 1.2%, compared to 8.7% in the third quarter of fiscal year 2025.

Full-year 2026 revenue is expected to be in the range of approximately $144 million to $146 million, compared to the previous range of $151 million to $157 million.
Full-year 2026 non-GAAP Adjusted EBITDA is expected to be in the range of approximately $9 million to $10 million, compared to the previous range of $12 million to $14 million.

The figures above come from the earnings release the company filed with the SEC on 2026-11-06 (8-K, Item 2.02). Read the original filing on sec.gov.