Air T Inc (AIRTP)

Name: Air T Inc Financial Statements
Creator: Quarter Results

Industrials | Integrated Freight Logistics

Latest reporting period: 2025-12-31

Latest Quarter

2025-12-31

Revenue

$71.1M

Net Income

-$2.5M

Operating Margin

-5.3%

Free Cash Flow

$7.8M

Debt / Assets

96.8%

Values are in USD and rounded to the nearest whole number unless noted.

Swipe horizontally to view all columns.

Income statement quarterly history for Air T Inc (AIRTP).
Income Statement (Quarterly)	2025-12-31	2025-09-30	2025-06-30	2025-03-31
Revenue	71,132,000	64,150,000	70,870,000	66,315,000
Cost of Revenue	58,261,000	47,841,000	55,393,000	56,602,000
Gross Profit	12,870,000	16,309,000	15,477,000	9,713,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	16,649,999	18,099,000	15,031,000	15,231,000
Operating Expenses	16,649,999	18,099,000	15,031,000	12,942,000
Operating Income	-3,780,000	-1,790,000	446,000	-3,229,000
Interest Expense	2,380,000	2,252,000	2,314,000	1,884,000
Income Before Tax	-1,880,000	7,234,000	-807,000	-7,493,000
Income Tax Expense	121,000	2,201,000	-136,000	-331,000
Net Income	-2,451,000	4,355,000	-1,636,000	-7,028,000
Per Share
EPS	-0.91	1.61	-0.61	-2.60
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Air T Inc (AIRTP).
Income Statement (Annual)	2025-03-31	2024-03-31	2023-03-31	2022-03-31
Revenue	291,850,000	286,834,000	247,323,000	177,077,000
Cost of Revenue	231,659,000	234,456,000	198,498,000	137,695,000
Gross Profit	60,191,000	52,378,000	48,825,000	39,382,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	57,848,000	51,114,000	45,384,000	29,817,000
Operating Expenses	58,283,000	51,114,000	45,384,000	29,817,000
Operating Income	1,908,000	1,264,000	4,427,000	8,755,000
Interest Expense	8,929,000	7,008,000	7,932,000	4,808,000
Income Before Tax	-4,988,000	-3,955,000	-11,353,000	13,396,000
Income Tax Expense	423,000	729,000	432,000	1,169,000
Net Income	-6,140,000	-6,819,000	-11,785,000	10,928,000
Per Share
EPS	-2.23	-2.42	-4.14	3.79
EPS Diluted	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Air T Inc (AIRTP).
Balance Sheet (Quarterly)	2025-03-31	2024-03-31	2023-03-31	2022-03-31
Assets
Cash and Cash Equivalents	5,932,000	7,100,000	5,806,000	5,616,000
Short Term Investments	422,000	0	2,161,000	859,000
Net Receivables	24,778,000	26,004,000	28,694,000	32,052,000
Inventory	38,516,000	60,720,000	71,125,000	75,167,000
Total Current Assets	78,507,000	102,877,000	116,557,000	128,243,000
Property Plant Equipment	48,221,000	32,489,000	33,188,000	43,075,000
Goodwill and Intangibles	20,562,000	21,518,000	22,666,000	23,386,000
Total Assets	173,778,000	177,167,000	189,562,000	207,599,000
Liabilities
Account Payables	17,782,000	15,072,000	10,449,000	9,397,000
Short Term Debt	12,758,000	16,119,000	40,400,000	7,925,000
Total Current Liabilities	47,661,000	46,841,000	64,286,000	30,907,000
Long Term Debt	116,357,000	109,083,000	97,120,000	136,060,000
Total Liabilities	168,242,000	158,371,000	163,870,000	171,121,000
Shareholders Equity
Retained Earnings	2,130,000	8,192,000	13,686,000	26,729,000
Total Shareholders Equity	-3,216,000	4,770,000	11,904,000	24,613,000

Balance sheet annual history for Air T Inc (AIRTP).
Balance Sheet (Annual)	2025-03-31	2024-03-31	2023-03-31	2022-03-31
Assets
Cash and Cash Equivalents	5,932,000	7,100,000	5,806,000	5,616,000
Short Term Investments	422,000	0	2,161,000	859,000
Net Receivables	24,778,000	26,004,000	28,694,000	32,052,000
Inventory	38,516,000	60,720,000	71,125,000	75,167,000
Total Current Assets	78,507,000	102,877,000	116,557,000	128,243,000
Property Plant Equipment	48,221,000	32,489,000	33,188,000	43,075,000
Goodwill and Intangibles	20,562,000	21,518,000	22,666,000	23,386,000
Total Assets	173,778,000	177,167,000	189,562,000	207,599,000
Liabilities
Account Payables	17,782,000	15,072,000	10,449,000	9,397,000
Short Term Debt	12,758,000	16,119,000	40,400,000	7,925,000
Total Current Liabilities	47,661,000	46,841,000	64,286,000	30,907,000
Long Term Debt	116,357,000	109,083,000	97,120,000	136,060,000
Total Liabilities	168,242,000	158,371,000	163,870,000	171,121,000
Shareholders Equity
Retained Earnings	2,130,000	8,192,000	13,686,000	26,729,000
Total Shareholders Equity	-3,216,000	4,770,000	11,904,000	24,613,000

Cash flow quarterly history for Air T Inc (AIRTP).
Cash Flow Statement (Quarterly)	2025-03-31	2024-03-31	2023-03-31	2022-03-31
Operating Activities
Net Income	-5,411,000	-4,684,000	-11,785,000	12,227,000
Depreciation & Amortization	4,356,000	2,798,000	4,162,000	1,860,000
Stock Based Compensation	0	0	300,000	400,000
Change in Working Capital	22,419,000	18,264,000	17,383,000	-40,484,000
Operating Cash Flow	23,496,000	17,178,000	16,909,000	-33,084,000
Investing Activities
Capital Expenditure	-15,679,000	-1,076,000	-1,178,000	-1,558,000
Investments	-15,679,000	-1,076,000	-1,178,000	-1,558,000
Investing Cash Flow	-20,189,000	-2,499,000	-6,168,000	-33,388,000
Financing Activities
Debt Repayment	-5,024,000	-21,198,000	-160,808,000	-88,364,000
Common Stock Issued/Repurchased	-1,445,000	8,780,000	0	11,278,000
Dividends Paid	0	0	0	0
Financing Cash Flow	-4,801,000	-13,910,000	-12,380,000	59,254,000
Summary
Free Cash Flow	7,817,000	16,102,000	15,731,000	-34,642,000
Net Change in Cash	-1,086,000	753,000	-1,278,000	-7,559,000

Cash flow annual history for Air T Inc (AIRTP).
Cash Flow Statement (Annual)	2025-03-31	2024-03-31	2023-03-31	2022-03-31
Operating Activities
Net Income	-5,411,000	-4,684,000	-11,785,000	12,227,000
Depreciation & Amortization	4,356,000	2,798,000	4,162,000	1,860,000
Stock Based Compensation	0	0	300,000	400,000
Change in Working Capital	22,419,000	18,264,000	17,383,000	-40,484,000
Operating Cash Flow	23,496,000	17,178,000	16,909,000	-33,084,000
Investing Activities
Capital Expenditure	-15,679,000	-1,076,000	-1,178,000	-1,558,000
Investments	-15,679,000	-1,076,000	-1,178,000	-1,558,000
Investing Cash Flow	-20,189,000	-2,499,000	-6,168,000	-33,388,000
Financing Activities
Debt Repayment	-5,024,000	-21,198,000	-160,808,000	-88,364,000
Common Stock Issued/Repurchased	-1,445,000	8,780,000	0	11,278,000
Dividends Paid	0	0	0	0
Financing Cash Flow	-4,801,000	-13,910,000	-12,380,000	59,254,000
Summary
Free Cash Flow	7,817,000	16,102,000	15,731,000	-34,642,000
Net Change in Cash	-1,086,000	753,000	-1,278,000	-7,559,000