Air T Inc (AIRTP) income statement

AIRTPNasdaqAir Courier ServicesFiscal year ends March 31Also trades as AIRT

Financials through Q1 FY2027, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 14, 2026Score 7/30

$18.71−0.09 (-0.48%)

Close on Oct 30, 2026Market cap $50.18MP/E 0.8Yield –

Air T Inc income statement

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31	FY 2021 2021-03-31	FY 2020 2020-03-31	FY 2019 2019-03-31	FY 2018 2018-03-31	FY 2017 2017-03-31	FY 2016 2016-03-31	FY 2015 2015-03-31	FY 2014 2014-03-31	FY 2013 2013-03-31	FY 2012 2012-03-31	FY 2011 2011-03-31
Revenue	327	292	287	247	177	175	237	216	195	148	148	112	101	103	89	83
Research & Development	–	–	–	–	–	–	–	–	0.20	1.04	0.78	0	–	–	–	–
General & Administrative	81	58	51	43	30	34	40	34	29	22	18	14	13	11	11	11
Operating Expenses	345	290	286	252	168	184	229	206	190	152	142	109	98	100	87	–
Total Costs & Expenses	–	290	286	–	–	–	–	–	–	–	–	–	–	–	–	–
Operating Income	-11	1.91	1.26	-4.41	8.76	-9.18	7.29	9.33	4.25	-3.10	6.03	3.42	2.63	2.73	2.07	3.44
Interest Expense	12	8.39	6.92	7.94	4.95	4.62	4.69	3.43	1.72	–	0.08	–	–	–	0.01	0.00
Interest & Investment Income	0.75	0.38	0.09	0.33	0.23	0.02	0.00	0.06	0.06	–	–	–	–	0.00	0.02	0.13
Income from Equity Investments	-1.74	1.70	1.69	1.46	0.04	-0.72	-0.91	0.34	-0.01	–	–	–	–	–	–	–
Other Non-Operating Income	97	-6.90	-5.22	-6.95	4.64	-2.61	-4.67	-3.36	-1.59	-1.12	0.12	0.00	0.03	0.00	0.02	0.13
Merger & Restructuring Charges	–	–	1.20	7.84	0.81	6.59	–	–	–	–	–	–	–	–	–	–
Asset Impairment Charges	–	–	0	0.52	0.04	0.19	0.02	0.04	0.25	–	0.10	–	–	–	–	–
Gain (Loss) on Investments	–	–	-2.10	–	–	–	–	–	–	–	–	–	–	–	–	–
Gain (Loss) on Sale of Assets	–	–	-0.02	-0.01	-0.01	0.01	0.04	0.02	-0.03	-0.03	0.01	0.87	0.02	0.00	0.02	0.10
Pretax Income	86	-4.99	-3.96	-11	13	-12	2.62	5.97	2.65	-4.22	6.15	3.41	–	–	–	–
Income Tax Expense	1.37	0.42	0.73	0.43	1.17	-3.39	-0.54	1.76	0.20	0.73	2.40	0.93	1.19	1.06	0.75	1.43
Income from Continuing Operations	–	–	–	–	11	-7.28	-0.41	2.35	–	–	–	3.41	2.66	2.73	2.10	–
Income from Discontinued Operations	–	–	–	–	0	0.00	-0.11	-1.01	–	–	–	–	–	–	–	–
Net Income incl. Noncontrolling Interests	85	-5.41	-4.68	-12	12	-8.39	11	3.20	2.46	-4.94	3.76	2.48	–	–	–	–
Minority Interest in Earnings	6.67	0.73	2.14	0.51	1.30	-1.11	3.58	1.86	0.18	-1.73	-0.66	–	–	–	–	–
Net Income	78	-6.14	-6.82	-12	11	-7.28	7.66	1.34	2.28	-3.21	4.41	2.48	1.47	1.67	1.35	2.14
EPS (Basic)(per share)	28.85	-2.23	-2.42	-4.32	3.79	-2.53	2.74	0.44	0.74	-1.01	1.24	0.70	0.41	0.45	0.37	0.59
EPS (Diluted)(per share)	28.85	-2.23	-2.42	-4.32	3.78	-2.53	2.73	0.44	0.74	-1.01	1.23	0.69	0.40	0.45	0.37	0.58
Shares Outstanding (Basic, Weighted)(shares)	2.70	2.75	2.82	2.85	2.88	2.88	2.79	3.05	3.06	3.19	3.56	3.54	3.62	3.67	3.67	3.65
Shares Outstanding (Diluted, Weighted)(shares)	2.70	2.75	2.82	2.85	2.89	2.88	2.80	3.06	3.07	3.19	3.60	3.57	3.65	3.68	3.68	3.70
Dividend per Share(per share)	–	–	–	–	–	–	–	–	–	–	–	–	0.20	0.17	0.17	0.22
EBITDA	1.14	6.26	4.06	-0.25	11	-6.07	13	17	6.67	0.08	7.29	4.27	3.38	3.26	2.44	3.80

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: –
Operating margin: -6.7%
Net margin: 17.2%
Return on equity, FY2026: 203.6%

Financial strength

Current ratio: 1.43
Debt to equity: –
Debt to assets: –
Cash to current liabilities: 15.1%

Valuation

P/E ratio: 0.8
Price to sales: 0.13
Price to book: 0.77
Dividend yield: –