Air T, Inc. (AIRT) — Financial statements
Income statement, balance sheet, and cash flow for Air T, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2026 | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 327↑12.1% | 292↑1.7% | 287↑16.0% | 247↑39.7% | 177 | |
| Cost of Revenue | 265↑14.5% | 232↓1.2% | 234↑18.1% | 198↑44.2% | 138 | |
| Gross Profit | 62↑2.9% | 60↑14.9% | 52↑7.3% | 49↑24.0% | 39 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 81↑39.7% | 58↑13.2% | 51↑19.3% | 43↑43.7% | 30 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 81↑39.7% | 58↑13.2% | 51↑19.3% | 43↑43.7% | 30 | |
| Other Expenses | 0.00↓100.0% | 0.44 | 0.00↓100.0% | 10↑1182.5% | 0.81 | |
| Operating Expenses | 81↑38.7% | 58↑14.0% | 51↓4.0% | 53↑73.8% | 31 | |
| Total Costs & Expenses | 346↑19.3% | 290↑1.5% | 286↑13.4% | 252↑49.6% | 168 | |
| Operating Results | ||||||
| Operating Income | -19↓1090.4% | 2↑50.9% | 1↑128.7% | -4↓150.3% | 9 | |
| Depreciation & Amortization | 12↑183.3% | 4↑55.7% | 3↓32.8% | 4↑123.8% | 2 | |
| EBITDA | -7↓182.2% | 8↑44.2% | 6↑646.4% | 0.74↓96.3% | 20 | |
| EBIT | -19↓622.3% | 4↑32.4% | 3↑179.9% | -3↓118.8% | 18 | |
| Interest & Other Income | ||||||
| Net Interest Income | -12↓40.8% | -9↓23.7% | -7↑12.8% | -8↓60.4% | -5 | |
| Interest Income | 0.75↑99.5% | 0.38↑307.6% | 0.09↓72.0% | 0.33↑44.5% | 0.23 | |
| Interest Expense | 13↑43.2% | 9↑27.4% | 7↓15.2% | 8↑59.7% | 5 | |
| Non-Operating Income | 0.00↑100.0% | -2↓16.4% | -1↓49.0% | -0.99↑89.6% | -9 | |
| Other Income / Expenses | 105↑1621.4% | -7↓32.1% | -5↑24.9% | -7↓249.7% | 5 | |
| Income Before Tax | 86↑1824.5% | -5↓26.1% | -4↑65.2% | -11↓184.7% | 13 | |
| Income Tax Expense | 1↑223.6% | 0.42↓42.0% | 0.73↑68.8% | 0.43↓63.0% | 1 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 85↑1664.4% | -5↓15.5% | -5↑60.3% | -12↓196.4% | 12 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 78↑1370.1% | -6↑10.0% | -7↑44.5% | -12↓212.5% | 11 | |
| Bottom-Line Net Income | 78↑1370.1% | -6↑10.0% | -7↑44.5% | -12↓212.5% | 11 | |
| EPS (Basic) | 28.85↑1393.7% | -2.23↑7.9% | -2.42↑44.0% | -4.32↓214.0% | 3.79 | |
| EPS (Diluted) | 28.85↑1393.7% | -2.23↑7.9% | -2.42↑44.0% | -4.32↓214.3% | 3.78 | |
| Weighted Average Shares | 3↓1.7% | 3↓2.3% | 3↓1.1% | 3↓1.2% | 3 | |
| Weighted Average Diluted Shares | 3↓1.7% | 3↓2.3% | 3↓1.1% | 3↓1.4% | 3 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.