AIRT
Air T Inc
NASDAQ: AIRT · INDUSTRIALS · CONGLOMERATES
$21.01
+0.00% today
Updated 2026-04-29
Market cap
$56.78M
P/E ratio
—
P/S ratio
0.21x
EPS (TTM)
$-2.45
Dividend yield
—
52W range
$15 – $27
Volume
0.0M
Air T Inc (AIRT) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $79.53M | $67.30M | $78.40M | $90.67M | $81.08M | $83.36M | $89.38M | $103.06M | $100.77M | $112.18M | $148.21M | $148.47M | $194.52M | $249.83M | $236.78M | $175.12M | $177.08M | $247.32M | $286.83M | $291.85M |
| Revenue growth (YoY) | — | -15.4% | +16.5% | +15.6% | -10.6% | +2.8% | +7.2% | +15.3% | -2.2% | +11.3% | +32.1% | +0.2% | +31.0% | +28.4% | -5.2% | -26.0% | +1.1% | +39.7% | +16.0% | +1.7% |
| Cost of revenue | $66.10M | $53.23M | $62.70M | $72.32M | $64.58M | $69.07M | $75.72M | $87.87M | $85.32M | $95.41M | $123.27M | $128.32M | $160.91M | $203.37M | $189.73M | $143.45M | $137.69M | $198.50M | $234.46M | $231.66M |
| Gross profit | $13.43M | $14.07M | $15.70M | $18.35M | $16.49M | $14.29M | $13.66M | $15.19M | $15.45M | $16.77M | $24.94M | $20.15M | $33.61M | $46.46M | $47.05M | $31.67M | $39.38M | $48.83M | $52.38M | $60.19M |
| Gross margin | 16.9% | 20.9% | 20.0% | 20.2% | 20.3% | 17.1% | 15.3% | 14.7% | 15.3% | 14.9% | 16.8% | 13.6% | 17.3% | 18.6% | 19.9% | 18.1% | 22.2% | 19.7% | 18.3% | 20.6% |
| R&D | — | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $777942.00 | $777942.00 | $1.04M | $195653.00 | $0.00 | — | — | — | — | — | — |
| SG&A | $9.59M | $9.58M | $10.17M | $11.24M | $10.64M | $10.59M | $11.34M | $12.46M | $12.84M | $14.22M | $18.14M | $22.18M | $29.17M | $38.38M | $39.78M | $34.26M | $29.82M | $42.84M | $51.11M | $57.85M |
| Operating income | $3.16M | $3.83M | $5.05M | $6.67M | $5.43M | $3.44M | $2.07M | $2.73M | $2.63M | $3.42M | $6.03M | $-3.08M | $4.25M | $8.06M | $7.29M | $-9.18M | $8.76M | $-4.41M | $1.26M | $1.91M |
| Operating margin | 4.0% | 5.7% | 6.4% | 7.4% | 6.7% | 4.1% | 2.3% | 2.6% | 2.6% | 3.0% | 4.1% | -2.1% | 2.2% | 3.2% | 3.1% | -5.2% | 4.9% | -1.8% | 0.4% | 0.7% |
| EBITDA | $3.84M | $4.75M | $5.82M | $7.53M | $5.99M | $3.94M | $2.39M | $3.27M | $3.36M | $4.28M | $7.34M | $106542.00 | $7.06M | $16.69M | $12.79M | $-4.32M | $20.06M | $741000.00 | $5.53M | $7.97M |
| EBITDA margin | 4.8% | 7.1% | 7.4% | 8.3% | 7.4% | 4.7% | 2.7% | 3.2% | 3.3% | 3.8% | 5.0% | 0.1% | 3.6% | 6.7% | 5.4% | -2.5% | 11.3% | 0.3% | 1.9% | 2.7% |
| EBIT | $3.16M | $4.08M | $5.35M | $7.10M | $5.57M | $3.57M | $2.11M | $2.73M | $2.61M | $3.43M | $6.23M | $-4.22M | $4.38M | $9.45M | $7.08M | $-7.43M | $18.20M | $-3.42M | $2.73M | $3.62M |
| Interest expense | $0.00 | $210148.00 | $171028.00 | $104728.00 | $16101.00 | $1400.00 | $11649.00 | $0.00 | $0.00 | $0.00 | $80743.00 | $0.00 | $571651.00 | $3.48M | $4.70M | $4.64M | $5.17M | $8.26M | $7.01M | $8.93M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $2.05M | $2.49M | $3.40M | $4.38M | $3.76M | $2.14M | $1.35M | $1.67M | $1.47M | $2.48M | $4.94M | $-3.21M | $2.28M | $1.34M | $7.66M | $-7.28M | $10.93M | $-12.29M | $-6.82M | $-6.14M |
| Net income growth (YoY) | — | +21.0% | +36.9% | +28.7% | -14.2% | -43.1% | -36.8% | +23.7% | -12.2% | +69.4% | +99.0% | -165.0% | +170.9% | -41.2% | +471.3% | -195.0% | +250.2% | -212.5% | +44.5% | +10.0% |
| Profit margin | 2.6% | 3.7% | 4.3% | 4.8% | 4.6% | 2.6% | 1.5% | 1.6% | 1.5% | 2.2% | 3.3% | -2.2% | 1.2% | 0.5% | 3.2% | -4.2% | 6.2% | -5.0% | -2.4% | -2.1% |