Revenue
$327.09M
Fiscal year ended 2026-03-31Operating income
-$11.20M
Fiscal year ended 2026-03-31Free cash flow
-$41.53M
Fiscal year ended 2026-03-31AIR T INC (AIRT) reported revenue of $327.09M and net income of $77.98M for the fiscal year ended 2026-03-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from AIR T INC’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Air Courier Services.
Income
| Metric | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $327.09M | $291.85M | $286.83M | $247.32M | $177.08M | $175.12M | $236.78M | $215.50M | $194.52M | $148.47M |
| Cost of revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross profit | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating income | -$11.20M | $1.91M | $1.26M | -$4.41M | $8.76M | -$9.18M | $7.29M | $9.33M | $4.25M | -$3.10M |
| Net income | $77.98M | -$6.14M | -$6.82M | -$12.30M | $10.93M | -$7.28M | $7.66M | $1.34M | $2.28M | -$3.21M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $195.65K | $1.04M |
| Weighted-average diluted shares | shares 2.70M | shares 2.75M | shares 2.82M | shares 2.85M | shares 2.89M | shares 2.88M | shares 2.80M | shares 3.06M | shares 3.07M | shares 2.13M |
| Pretax income | $86.02M | -$4.99M | -$3.96M | -$11.35M | $13.40M | -$11.78M | $2.62M | $5.97M | $2.65M | -$4.22M |
| Income tax expense | $1.37M | $423.00K | $729.00K | $432.00K | $1.17M | -$3.39M | -$544.00K | $1.76M | $195.00K | $725.00K |
| Diluted EPS | $28.85 | $-2.23 | $-2.42 | $-4.32 | $3.78 | $-2.53 | $2.73 | $0.44 | $0.74 | $-1.51 |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | $80.84M | $57.85M | $51.11M | $42.84M | $29.82M | $34.26M | $39.78M | $33.61M | $29.14M | $22.21M |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $20.33M | $5.93M | $7.10M | $5.81M | $5.62M | $11.00M | $5.95M | $12.42M | $4.80M | $2.76M |
| Total assets | $409.12M | $173.78M | $177.17M | $189.56M | $207.60M | $140.75M | $151.43M | $115.14M | $97.15M | $65.34M |
| Current assets | $159.98M | $78.51M | $102.88M | $116.56M | $128.24M | $105.77M | $98.49M | $71.35M | $61.67M | $48.86M |
| Total liabilities | $317.90M | $168.24M | $158.37M | $163.87M | $171.12M | $119.44M | $120.34M | $86.31M | $70.91M | $41.73M |
| Current liabilities | $95.52M | $47.66M | $46.84M | $64.29M | $30.91M | $28.18M | $67.75M | $52.79M | $31.18M | $20.27M |
| Total equity incl. NCI | $80.88M | -$1.52M | $5.82M | $12.98M | $25.72M | $14.71M | $25.01M | $23.36M | $24.24M | $22.16M |
| Temporary (mezzanine) equity | $10.35M | $7.05M | $12.98M | $12.71M | $10.76M | $6.60M | $6.08M | $5.48M | $1.99M | $1.44M |
| Inventory | $77.13M | $38.52M | $60.72M | $71.12M | $75.17M | $71.97M | $60.62M | $27.46M | $34.23M | $19.78M |
| Accounts receivable | $39.89M | $23.92M | $22.91M | $27.22M | $19.68M | $6.50M | $13.08M | $10.88M | $15.16M | $18.92M |
| Goodwill | $11.82M | $10.54M | $10.54M | $10.56M | $10.13M | $4.23M | $4.23M | $4.23M | $4.42M | $4.42M |
| Long-term debt | $208.20M | $110.32M | $112.93M | $125.08M | $135.81M | $87.50M | $85.82M | $57.65M | $48.08M | Unavailable |
| Accounts payable | $36.97M | $17.78M | $15.07M | $10.45M | $9.40M | $8.34M | $10.86M | $11.41M | $10.18M | $11.57M |
Cash flow
| Metric | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$25.04M | $23.50M | $17.18M | $16.91M | -$33.08M | -$1.82M | -$25.07M | $20.94M | -$277.84K | -$7.55M |
| Capital expenditures | $16.48M | $1.08M | $1.08M | $1.18M | $1.53M | $3.90M | $2.44M | $1.17M | $2.12M | $2.35M |
| Investing cash flow | -$21.80M | -$20.19M | -$2.50M | -$6.17M | -$33.39M | $2.52M | $8.60M | -$23.00M | -$27.04M | -$3.70M |
| Financing cash flow | $65.40M | -$4.80M | -$13.91M | -$12.38M | $59.25M | $71.00K | $19.24M | $9.55M | $28.74M | $8.69M |
| Net change in cash | $18.51M | -$1.09M | $753.00K | -$1.28M | -$7.56M | $356.00K | $3.03M | $7.57M | $1.42M | -$2.58M |
| Stock-based compensation | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common dividends paid | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common share repurchases | $28.00K | $1.44M | $876.00K | Unavailable | Unavailable | Unavailable | Unavailable | $744.17K | Unavailable | $7.92M |
| Depreciation & amortization | $12.34M | $4.36M | $2.80M | $4.16M | $1.86M | $3.11M | $5.71M | $7.26M | $2.43M | $3.18M |
Derived
| Metric | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | -$41.53M | $22.42M | $16.10M | $15.73M | -$34.61M | -$5.72M | -$27.51M | $19.77M | -$2.40M | -$9.90M |
| Gross margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating margin | -3.4% | 0.7% | 0.4% | -1.8% | 4.9% | -5.2% | 3.1% | 4.3% | 2.2% | -2.1% |
| FCF margin | -12.7% | 7.7% | 5.6% | 6.4% | -19.5% | -3.3% | -11.6% | 9.2% | -1.2% | -6.7% |
| SBC / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current ratio | 1.67x | 1.65x | 2.20x | 1.81x | 4.15x | 3.75x | 1.45x | 1.35x | 1.98x | 2.41x |
| Revenue YoY growth | 12.1% | 1.7% | 16.0% | 39.7% | 1.1% | -26.0% | 9.9% | 10.8% | 31.0% | Unavailable |
| Net margin | 23.8% | -2.1% | -2.4% | -5.0% | 6.2% | -4.2% | 3.2% | 0.6% | Unavailable | -2.2% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 0.1% | 0.7% |
| CapEx / revenue | 5.0% | 0.4% | 0.4% | 0.5% | 0.9% | 2.2% | 1.0% | 0.5% | 1.1% | 1.6% |
| Long-term debt / equity | 2.57x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 1.6% | Unavailable | Unavailable | Unavailable | 8.7% | Unavailable | -20.7% | 29.5% | 7.4% | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open AIRT in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-14View SEC filing
10-K · Filed 2026-06-29View SEC filing
10-Q · Filed 2026-02-13View SEC filing
10-Q · Filed 2025-11-12View SEC filing
10-Q · Filed 2025-08-13View SEC filing
10-K/A · Filed 2025-08-12View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.