Air T, Inc. (AIRT) quarterly income statement — complete revenue, gross profit & net income history
Air T, Inc. (AIRT) annual income statement — 30-year revenue, gross profit & net income history
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 |
|---|
| Sales/Revenue | 115.46M | 120.94M | 71.13M | 64.15M | 70.87M | 66.31M | 77.88M | 81.24M | 66.41M | 72.68M | 63.76M | 78.97M | 71.43M | 74.38M | 61.4M | 60.69M | 50.86M | 51.44M | 45.43M | 43.24M |
| Revenue Growth % | 62.92% | 82.37% | -8.66% | -21.04% | 6.71% | -8.76% | 22.15% | 2.88% | -7.03% | -2.28% | 3.84% | 30.12% | 40.44% | 44.6% | 35.14% | 40.36% | 37.58% | 10.08% | -18.61% | 21.44% |
| Cost of Goods Sold | 98.64M | 103.65M | 58.26M | 47.84M | 55.39M | 56.6M | 60.89M | 63.14M | 52.38M | 56M | 51.49M | 65.45M | 58.02M | 62.77M | 49.12M | 48.36M | 38.25M | 38.79M | 36.24M | 33.92M |
| COGS % of Revenue | 85.43% | 85.71% | 81.91% | 74.58% | 78.16% | 85.35% | 78.18% | 77.72% | 78.87% | 77.06% | 80.76% | 82.88% | 81.22% | 84.4% | 80.01% | 79.68% | 75.2% | 75.4% | 79.77% | 78.45% |
| Gross Profit | 16.82M | 17.29M | 12.87M | 16.31M | 15.48M | 9.71M | 16.99M | 18.1M | 14.04M | 16.68M | 12.27M | 13.52M | 13.41M | 11.61M | 12.28M | 12.33M | 12.61M | 12.65M | 9.19M | 9.32M |
| Gross Margin % | 14.57% | 14.29% | 18.09% | 25.42% | 21.84% | 14.65% | 21.82% | 22.28% | 21.13% | 22.94% | 19.24% | 17.12% | 18.78% | 15.6% | 19.99% | 20.32% | 24.8% | 24.6% | 20.23% | 21.55% |
| Gross Profit Growth % | 8.7% | 77.98% | -24.25% | -9.9% | 10.27% | -41.75% | 38.5% | 33.89% | 4.65% | 43.68% | -0.07% | 9.64% | 6.33% | -8.26% | 33.54% | 32.31% | 53.48% | 31.63% | -1.95% | 72.54% |
| Operating Expenses | 25.99M | 31.06M | 16.65M | 18.1M | 15.03M | 12.94M | 15.17M | 14.2M | 14.61M | 15.22M | 13.88M | 12.76M | 12.75M | 17.16M | 12.14M | 12.15M | 11.78M | 4.62M | 9.17M | 8.62M |
| OpEx % of Revenue | 22.51% | 25.68% | 23.41% | 28.21% | 21.21% | 19.52% | 19.48% | 17.48% | 22% | 20.95% | 21.76% | 16.16% | 17.85% | 23.07% | 19.77% | 20.02% | 23.16% | 8.98% | 20.18% | 19.92% |
| Selling, General & Admin | 29.65M | 31.06M | 16.65M | 18.1M | 15.03M | 15.23M | 14.18M | 14.2M | 14.61M | 11.42M | 13.27M | 12.76M | 12.75M | 11.48M | 11.5M | 10.66M | 11.78M | 3.81M | 8.99M | 8.62M |
| SG&A % of Revenue | 25.68% | 25.68% | 23.41% | 28.21% | 21.21% | 22.97% | 18.21% | 17.48% | 22% | 15.72% | 20.82% | 16.16% | 17.85% | 15.44% | 18.74% | 17.57% | 23.16% | 7.41% | 19.8% | 19.92% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | -1000K | 0 | 0 | 0 | 0 | -1000K | 993K | 0 | 0 | 1000K | 603K | 0 | 0 | 1000K | 638K | 1000K | 0 | 807K | 173K | 0 |
| Operating Income | -9.17M | -13.77M | -3.78M | -1.79M | 446K | -3.23M | 1.82M | 3.9M | -577K | 1.45M | -1.61M | 761K | 658K | -5.55M | 135K | 179K | 834K | 8.03M | 25K | 704K |
| Operating Margin % | -7.94% | -11.39% | -5.31% | -2.79% | 0.63% | -4.87% | 2.33% | 4.8% | -0.87% | 2% | -2.52% | 0.96% | 0.92% | -7.47% | 0.22% | 0.29% | 1.64% | 15.61% | 0.06% | 1.63% |
| Operating Income Growth % | -2155.83% | -326.48% | -308.15% | -145.91% | 177.3% | -322.23% | 212.94% | 412.35% | -187.69% | 126.16% | -1291.11% | 325.14% | -21.1% | -169.16% | 440% | -74.57% | 20950% | 227.6% | -97.66% | 119.11% |
| EBITDA | 716K | -5.13M | -2.19M | -963K | 1.73M | -1.91M | 3.15M | 4.85M | 183K | 2.16M | -909K | 1.46M | 1.35M | -4.38M | 1.23M | 1.21M | 1.7M | 8.74M | 468K | 1.03M |
| EBITDA Margin % | 0.62% | -4.24% | -3.09% | -1.5% | 2.44% | -2.88% | 4.04% | 5.97% | 0.28% | 2.98% | -1.43% | 1.85% | 1.89% | -5.88% | 2% | 1.99% | 3.33% | 17% | 1.03% | 2.38% |
| EBITDA Growth % | -58.61% | -168.29% | -169.79% | -119.86% | 845.36% | -188.35% | 445.98% | 232.05% | -86.42% | 149.43% | -173.84% | 21.06% | -20.47% | -150.04% | 163.03% | 17.43% | 350.8% | 249.97% | -76.05% | 140.51% |
| D&A (Non-Cash Add-back) | 9.88M | 8.64M | 1.58M | 827K | 1.28M | 1.32M | 1.33M | 949K | 760K | 710K | 699K | 699K | 690K | 1.18M | 1.1M | 1.03M | 861K | 714K | 443K | 323K |
| EBIT | -9.17M | 86.83M | 500K | 9.49M | 1.51M | -5.56M | 1.67M | 5.46M | 2.05M | 433K | -428K | 732K | 1.99M | -6.88M | 2.16M | 88K | 1.21M | 7.97M | -235K | 9.21M |
| Net Interest Income | -5.67M | -5.09M | -2.38M | -2.25M | -2.31M | -1.88M | -2.56M | -2.16M | -1.95M | -1.73M | -1.53M | -1.85M | -1.81M | -1.91M | -2.2M | -2M | -1.82M | -1.61M | -1.24M | -1.17M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | 0 | 0 |
| Interest Expense | 5.67M | 5.09M | 2.38M | 2.25M | 2.31M | 1.88M | 2.56M | 2.16M | 1.95M | 1.73M | 1.53M | 1.85M | 1.81M | 1.91M | 2.2M | 2M | 1.82M | 1.61M | 1.24M | 1.17M |
| Other Income/Expense | -5.87M | 95.24M | 1.9M | 9.02M | -1.25M | -4.26M | -2.71M | -600K | 680K | -2.52M | -348K | -1.88M | -474K | -3.23M | -183K | -2.09M | -1.44M | -1.53M | -1.5M | 7.34M |
| Pretax Income | -15.04M | 81.47M | -1.88M | 7.23M | -807K | -7.49M | -896K | 3.3M | 103K | -1.06M | -1.96M | -1.12M | 184K | -8.79M | -48K | -1.91M | -610K | 6.5M | -1.47M | 8.04M |
| Pretax Margin % | -13.02% | 67.37% | -2.64% | 11.28% | -1.14% | -11.3% | -1.15% | 4.06% | 0.16% | -1.46% | -3.07% | -1.42% | 0.26% | -11.82% | -0.08% | -3.14% | -1.2% | 12.64% | -3.24% | 18.6% |
| Income Tax | 660K | -817K | 121K | 2.2M | -136K | -331K | 347K | 336K | 71K | -122K | 153K | 487K | 211K | 968K | -156K | -572K | 192K | 1.42M | -282K | 38K |
| Effective Tax Rate % | -4.39% | -1% | -6.44% | 30.43% | 16.85% | 4.42% | -38.73% | 10.18% | 68.93% | 11.49% | -7.82% | -43.44% | 114.67% | -11.02% | 325% | 29.98% | -31.48% | 21.8% | 19.17% | 0.47% |
| Net Income | -15.81M | 77.72M | -2.45M | 4.36M | -1.64M | -7.03M | -1.3M | 2.52M | -335K | -1.7M | -2.98M | -1.61M | -531K | -9.04M | -590K | -1.23M | -1.43M | 4.35M | -1.26M | 7.55M |
| Net Margin % | -13.69% | 64.26% | -3.45% | 6.79% | -2.31% | -10.6% | -1.67% | 3.1% | -0.5% | -2.34% | -4.67% | -2.04% | -0.74% | -12.15% | -0.96% | -2.03% | -2.82% | 8.45% | -2.78% | 17.47% |
| Net Income Growth % | -866.32% | 1205.79% | -88.97% | 72.82% | -388.36% | -313.41% | 56.46% | 256.62% | 36.91% | 81.19% | -404.92% | -30.6% | 62.94% | -308.01% | 53.25% | -116.31% | -595.85% | 177.4% | -160.15% | 358.73% |
| Net Income (Continuing) | -15.7M | 82.29M | -2M | 5.03M | -671K | -7.16M | -1.24M | 2.96M | 32K | -940K | -2.11M | -1.61M | -27K | -9.76M | 108K | -1.34M | -802K | 5.09M | -1.19M | 8M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 17.96M | 11.41M | 7.07M | 7.24M | 9.92M | 8.75M | 8.89M | 9.04M | 8.45M | 14.03M | 14.14M | 13.35M | 13.91M | 13.79M | 13.15M | 11.35M | 11.44M | 11.87M | 9M | 8.41M |
| EPS (Diluted) | -5.86 | 28.76 | -0.91 | 1.61 | -0.61 | -2.60 | -0.47 | 0.91 | -0.12 | -0.61 | -1.06 | -0.57 | -0.19 | -3.43 | 0.04 | -0.47 | -0.50 | 1.50 | -0.44 | 2.60 |
| EPS Growth % | -860.66% | 1206.15% | -93.62% | 76.92% | -408.33% | -326.23% | 55.66% | 259.65% | 36.84% | 82.22% | -2882.15% | -21.28% | 62% | -328.67% | 108.66% | -118.08% | -600% | 177.32% | -160.27% | 357.43% |
| EPS (Basic) | -5.86 | 28.76 | -0.91 | 1.61 | -0.61 | -2.60 | -0.47 | 0.91 | -0.12 | -0.61 | -1.06 | -0.57 | -0.19 | -3.46 | 0.04 | -0.47 | -0.50 | 1.50 | -0.44 | 2.62 |
| Diluted Shares Outstanding | 2.7M | 2.7M | 2.7M | 2.7M | 2.7M | 2.7M | 2.76M | 2.76M | 2.76M | 2.78M | 2.82M | 2.82M | 2.82M | 2.85M | 2.84M | 2.87M | 2.87M | 2.89M | 2.88M | 2.9M |
| Basic Shares Outstanding | 2.7M | 2.7M | 2.7M | 2.7M | 2.7M | 2.7M | 2.76M | 2.76M | 2.76M | 2.78M | 2.82M | 2.82M | 2.79M | 2.82M | 2.81M | 2.87M | 2.87M | 2.87M | 2.87M | 2.88M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |