Financials in USD. Standardized financial statements.
A compact view of how Air T, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $291.85M | $286.83M | $247.32M | $177.08M | $175.12M | $236.78M | $249.83M | $194.52M | $148.47M | $148.21M |
| Revenue Growth? | +1.7% | +16.0% | +39.7% | +1.1% | -26.0% | -5.2% | +28.4% | +31.0% | +0.2% | 0.0% |
| Cost of Revenue? | $231.66M | $234.46M | $198.50M | $137.69M | $143.45M | $189.73M | $203.37M | $160.91M | $128.32M | $123.27M |
| Gross Profit? | $60.19M | $52.38M | $48.83M | $39.38M | $31.67M | $47.05M | $46.46M | $33.61M | $20.15M | $24.94M |
| Gross Margin? | +20.6% | +18.3% | +19.7% | +22.2% | +18.1% | +19.9% | +18.6% | +17.3% | +13.6% | +16.8% |
| Operating Expenses? | $58.28M | $51.11M | $53.23M | $30.63M | $40.85M | $39.76M | $38.38M | $28.80M | $23.22M | $18.92M |
| Operating Income? | $1.91M | $1.26M | -$4.41M | $8.76M | -$9.18M | $7.29M | $8.06M | $4.25M | -$3.10M | $6.03M |
| EBITDA? | $7.97M | $5.53M | $741,000 | $20.06M | -$4.32M | $12.79M | $16.69M | $7.06M | -$465,690 | $7.34M |
| Income Before Tax | -$4.99M | -$3.96M | -$11.35M | $13.40M | -$11.78M | $2.62M | $4.70M | $2.65M | -$4.22M | $6.15M |
| Income Tax Expense | $423,000 | $729,000 | $432,000 | $1.17M | -$3.39M | -$544,000 | $1.50M | $195,000 | $725,000 | $2.40M |
| Net Income? | -$6.14M | -$6.82M | -$12.29M | $10.93M | -$7.28M | $7.66M | $1.34M | $2.28M | -$3.21M | $4.94M |
| EPS? | $-2.23 | $-2.42 | $-4.32 | $3.79 | $-2.53 | $1.14 | $0.44 | $0.74 | $-1.01 | $1.39 |
| Diluted EPS? | $-2.23 | $-2.42 | $-4.32 | $3.78 | $-2.53 | $1.13 | $0.44 | $0.74 | $-1.01 | $1.37 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality