AIR T INC
AIR T INC
Companies in Air Courier Services
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Related Party | 1 | 0 | -0 | 3 | 3 | 2 | -14 | 16 | 0 | - | - | - | |||||
Nonrelated Party | 9 | 0 | -0 | 3 | 3 | 2 | -14 | 16 | 0 | - | - | - | |||||
Crestone Asset Management L L C | 1 | - | - | - | 3 | - | - | - | - | - | - | - | |||||
Bloomia | 4 | - | - | - | 3 | - | - | - | - | - | - | - | |||||
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 20 | 37 | 17 | 14 | 6 | 18 | 9 | 8 | 7 | 4 | 5 | 6 | |||||
Marketable Securities Current | 1 | 1 | 1 | 0 | 0 | - | - | - | 1 | 0 | - | 0 | |||||
Restricted Cash And Cash Equivalents At Carrying V… | - | - | 0 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Restricted Cash Current | 5 | 5 | - | - | 1 | - | - | - | - | - | - | - | |||||
Restricted Investments Current | 0 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | |||||
Accounts Receivable Net Current | 40 | 43 | 19 | 25 | 24 | 25 | 31 | 23 | 23 | 18 | 27 | 32 | |||||
Income Taxes Receivable | 0 | 0 | 0 | 1 | 1 | - | - | - | 1 | 0 | 0 | 0 | |||||
Inventory Net | 77 | 65 | 47 | 40 | 39 | 39 | 51 | 58 | 61 | 54 | 54 | 64 | |||||
Prepaid Expense And Other Assets Current | - | - | - | - | - | - | - | - | 5 | 10 | 10 | 8 | |||||
Prepaid Expense Current | 9 | 3 | 4 | 4 | 3 | 3 | 2 | 2 | 2 | - | - | - | |||||
Other Assets Current | 8 | 5 | 8 | 7 | 4 | 4 | 5 | 5 | 3 | - | - | - | |||||
Assets Current | 160 | 161 | 96 | 93 | 79 | 90 | 103 | 101 | 103 | 89 | 98 | 113 | |||||
Finance Lease Right Of Use Asset | 0 | 0 | 0 | 14 | 15 | 15 | 16 | 0 | 0 | - | - | 0 | |||||
Property Plant And Equipment Net | 162 | 136 | 20 | 20 | 20 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | |||||
Intangible Assets Net Excluding Goodwill | 13 | 14 | 10 | 10 | 10 | 10 | 11 | 11 | 11 | 11 | 11 | 12 | |||||
Operating Lease Right Of Use Asset | 15 | 15 | 12 | 13 | 13 | 14 | 14 | 13 | 11 | 12 | 12 | 12 | |||||
Equity Method Investments | 26 | 34 | 28 | 20 | 19 | 19 | 18 | 16 | 17 | 15 | 14 | 14 | |||||
Goodwill | 12 | 12 | 12 | 12 | 11 | 10 | 11 | 11 | 11 | 11 | 10 | 11 | |||||
Other Assets Noncurrent | 8 | 5 | 2 | 2 | 2 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | |||||
Assets | 409 | 382 | 185 | 190 | 174 | 188 | 197 | 175 | 177 | 163 | 172 | 187 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Lines Of Credit Current | - | - | - | - | - | - | - | - | 14 | 17 | 24 | 23 | |||||
Liabilities Current | |||||||||||||||||
Accrued Income Taxes Current | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Accounts Payable Current | 37 | 16 | 16 | 18 | 18 | 10 | 16 | 14 | 15 | 14 | 12 | 11 | |||||
Taxes Payable Current | 1 | 1 | 1 | - | 0 | - | - | - | - | - | - | - | |||||
Accrued Liabilities Current | 50 | 47 | 22 | 21 | 17 | 16 | 14 | 15 | 16 | 12 | 12 | 15 | |||||
Long Term Line Of Credit | - | - | - | - | - | - | - | - | 99 | 83 | 84 | 99 | |||||
Operating Lease Liability Current | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |||||
Liabilities Current | 96 | 168 | 46 | 49 | 48 | 47 | 45 | 47 | 47 | 45 | 51 | 50 | |||||
Deferred Income Tax Liabilities Net | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | |||||
Operating Lease Liability Noncurrent | 12 | 13 | 11 | 11 | 12 | 12 | 13 | 12 | 11 | 11 | 11 | 11 | |||||
Other Liabilities Noncurrent | 2 | 2 | 0 | 1 | 1 | 3 | 2 | 1 | 0 | 0 | 0 | 0 | |||||
Liabilities | 318 | 376 | 177 | 185 | 168 | 174 | 181 | 163 | 158 | 142 | 149 | 162 | |||||
Redeemable Noncontrolling Interest Equity Carrying… | 10 | 8 | 8 | 8 | 7 | 7 | 7 | 7 | 13 | 13 | 12 | 13 | |||||
Stockholders Equity Inclu… | |||||||||||||||||
Stockholders Equity | |||||||||||||||||
Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Value | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Treasury Stock Common Value | -6 | -6 | -6 | -6 | -6 | -6 | -5 | -5 | -5 | -4 | -4 | -4 | |||||
Additional Paid In Capital | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Retained Earnings Accumulated Deficit | 80 | 2 | 5 | 0 | 2 | 9 | 10 | 8 | 8 | 9 | 12 | 13 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | 4 | 1 | -0 | -0 | -1 | -0 | 0 | -0 | -0 | 0 | 0 | 1 | |||||
Stockholders Equity | 81 | -2 | 0 | -3 | -2 | 7 | 9 | 5 | 5 | 7 | 11 | 11 | |||||
Minority Interest | 1 | -1 | -1 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | |||||
Liabilities And Stockholders Equity | 409 | 382 | 185 | 190 | 174 | 188 | 197 | 175 | 177 | 163 | 172 | 187 | |||||
Allowance For Doubtful Accounts Receivable Current | 2 | 2 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | |||||
Finance Lease Right Of Use Asset Accumulated Amort… | 0 | 0 | 0 | 2 | 1 | 1 | 0 | 0 | 0 | - | - | 0 | |||||
Accumulated Depreciation Depletion And Amortizatio… | 19 | 11 | 10 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 7 | 7 | |||||
Finite Lived Intangible Assets Accumulated Amortiz… | 8 | 8 | 7 | 7 | 6 | 6 | 6 | 5 | 5 | 5 | 5 | 4 | |||||
Long Term Debt Fair Value | - | 24 | - | - | - | - | - | - | - | - | - | - | |||||
Preferred Stock Par Or Stated Value Per Share | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Preferred Stock Shares Authorized | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | |||||
Common Stock Par Or Stated Value Per Share | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | |||||
Common Stock Shares Authorized | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | |||||
Common Stock Shares Issued | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | |||||
Shares Outstanding | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | |||||
Treasury Stock Common Shares | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 19.16% | 6.12% | 7.94% | -6.83% | -8.74% | 7.64% | -11.74% | -8.36% | -11.28% | 16.60% | - | - |
| 2025 | -0.71% | -17.72% | -25.65% | 47.56% | 31.36% | 32.48% | -10.29% | -22.29% | -19.54% | -4.98% | -1.91% | 11.65% |
| 2024 | -3.52% | -0.40% | 2.99% | -22.85% | -22.89% | -22.89% | -3.48% | 22.28% | 45.00% | 24.09% | -8.77% | -8.31% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 1.67 | 0.96 | 2.06 | 1.89 | 1.65 | 1.90 | 2.27 | 2.15 | 2.20 | 1.99 | 1.94 | 2.27 | |||||
| Quick Ratio | 0.77 | 0.55 | 0.98 | 1.00 | 0.77 | 1.04 | 1.09 | 0.87 | 0.85 | 0.57 | 0.67 | 0.82 | |||||
| Working Capital | 64.45M | -6.62M | 49.36M | 43.88M | 30.85M | 42.79M | 57.50M | 53.82M | 56.04M | 44.53M | 47.51M | 63.07M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 3.93 | -174.99 | 2,571.51 | -63.31 | -110.83 | 25.14 | 20.55 | 31.52 | 27.21 | 20.56 | 13.56 | 14.28 | |||||
| Interest Coverage TTM | -0.93 | -0.04 | 0.54 | 0.33 | 0.23 | 0.71 | 0.39 | 0.00 | 0.18 | -0.81 | -0.51 | -0.58 | |||||
| Debt Ratio | 0.78 | 0.98 | 0.96 | 0.97 | 0.97 | 0.93 | 0.92 | 0.93 | 0.89 | 0.87 | 0.86 | 0.87 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 1.12 | 0.96 | 1.46 | 1.62 | 1.66 | 1.70 | 1.54 | 1.55 | 1.56 | 1.54 | 1.44 | 1.34 | |||||
| Days Sales Outstanding TTM | 35.60 | 45.39 | 32.29 | 29.23 | 29.28 | 26.15 | 36.84 | 35.51 | 31.89 | 20.96 | 31.35 | 32.71 | |||||
| Receivables Turnover TTM | 10.25 | 8.04 | 11.30 | 12.49 | 12.46 | 13.96 | 9.91 | 10.28 | 11.44 | 17.41 | 11.64 | 11.16 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 28.85 | -2.44 | -2.02 | -2.53 | -2.23 | 0.46 | 0.16 | -1.49 | -1.66 | -4.78 | -3.99 | -3.86 | |||||
| Free Cash Flow Per Share TTM | -15.36 | -8.23 | 4.81 | 7.89 | 8.15 | 4.38 | 1.17 | 4.63 | 5.72 | 15.24 | 16.23 | 7.70 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 68.17% | 61.85% | 62.92% | 64.58% | 64.10% | 65.29% | 63.96% | 64.63% | 65.94% | 67.12% | 68.71% | 68.14% | |||||
| Operating Profit Margin TTM | -3.42% | -0.14% | 1.73% | 0.99% | 0.65% | 1.99% | 1.02% | 0.01% | 0.44% | -1.99% | -1.40% | -1.71% | |||||
| Net Profit Margin TTM | 23.84% | -2.42% | -1.95% | -2.31% | -2.10% | 0.42% | 0.16% | -1.46% | -1.63% | -4.67% | -3.93% | -4.06% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 12.07% | -8.63% | -1.72% | 5.14% | 1.75% | 3.36% | -0.73% | 5.20% | 15.98% | 28.59% | 37.30% | 40.28% | |||||
| Net Income Growth (1Y) | -1,370.08% | -623.38% | -1,311.33% | 66.05% | 31.08% | -109.36% | -104.00% | -62.13% | -60.25% | -624.97% | -986.54% | -203.60% | |||||
| EPS Growth (1Y) | -1,392.17% | -633.64% | -1,336.88% | 69.62% | 34.23% | -109.59% | -104.08% | -61.35% | -59.82% | -627.58% | -1,000.68% | -205.36% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 0.76 | -7.82 | -11.76 | -8.69 | -7.57 | 43.57 | 99.11 | -14.29 | -13.35 | -3.54 | -5.60 | -6.50 | |||||
| P/B TTM | 0.73 | -24.04 | 929.21 | -20.39 | -30.62 | 7.96 | 5.06 | 11.40 | 10.74 | 6.92 | 5.75 | 6.24 | |||||
| P/S TTM | 0.18 | 0.19 | 0.23 | 0.20 | 0.16 | 0.18 | 0.16 | 0.21 | 0.22 | 0.17 | 0.22 | 0.26 | |||||
| Market Cap | 58.93M | 51.63M | 64.12M | 59.49M | 46.47M | 54.98M | 44.60M | 58.89M | 62.52M | 47.69M | 63.03M | 70.73M | |||||
| Enterprise Value | 33.66M | 14.26M | 46.33M | 44.27M | 39.72M | 36.22M | 35.42M | 50.19M | 69.03M | 59.87M | 81.01M | 87.03M | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | -41.53M | -22.26M | 13.00M | 21.32M | 22.42M | 12.08M | 3.23M | 12.80M | 16.10M | 43.02M | 45.78M | 21.69M | |||||
| Net Debt | -25.27M | -37.37M | -17.79M | -15.22M | -6.76M | -18.77M | -9.18M | -8.71M | 6.52M | 12.18M | 17.98M | 16.30M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
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Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
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| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
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| Net Profit Margin Growth (1Y) | |||||||||||||||||
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| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
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Valuation Ratios | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
AIR T INC (AIRT) — SEC Financial Statements & Analysis
AIR T INC (AIRT) is a air courier services company, incorporated in DE. AIR T INC trades on Nasdaq as: AIRT, AIRTP. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), AIR T INC reported a 12.07% year-over-year revenue growth, a Gross Profit Margin of 68.17% (TTM), a Debt-to-Equity ratio of 3.93x, a Price-to-Sales (P/S) ratio of 0.18x (TTM), a Price-to-Book (P/B) ratio of 0.73 (TTM), at a market cap of $58.93M. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 12.07%
- Gross Profit Margin TTM
- 68.17%
- Debt To Equity
- 3.93x
- P/S TTM
- 0.18x
- P/B TTM
- 0.73
- Market Cap
- $58.93M
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is AIR T INC in?
AIR T INC (AIRT) operates in the Air Courier Services industry.
What is AIRT's market cap?
AIR T INC (AIRT) has a market capitalization of $58.93M as of 2026-03-31.
What is AIRT's P/E ratio?
AIR T INC (AIRT)'s trailing twelve month P/E ratio is 0.76x as of 2026-03-31.
What exchange does AIRT trade on?
AIR T INC (AIRT) trades on the Nasdaq.
Where is AIR T INC incorporated?
AIR T INC is incorporated in DE.