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Air T AIRT Ground support equipment — Cost of Revenue

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Other financials

Income statement

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Revenue$120.9M+82.4%
Operating income-$13.8M
Net income$77.7M+1,206%
EPS (diluted)$28.75+1,227%

Balance sheet

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Cash & equivalents$20.3M+201%
Total debt$15.6M-87.5%
Total equity$79.8M+2,582%
Total assets$409.1M+135%

Cash flow

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Operating cash flow-$44.0K-101%
CapEx$15.3M+10,139%
Free cash flow-$15.3M-485%

Valuation

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Market cap$87.02M+52.8%
Enterprise value$82.28M-59.2%
P/E1.1×
P/S0.3×+0.1×

Profitability

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Operating margin-3.5%
Net margin23.8%+22.1pp
FCF margin-12.7%-20.4pp

Returns & leverage

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Return on equity-157.8%-201pp
Debt / equity0.2×
Current ratio1.7×0.0×

Where this comes from

Reported directly by Air T in its filing.

Tagged under the XBRL concept us-gaap:CostOfRevenue.

The source filing: Air T’s 10-Q, filed February 13, 2026.

Filed
Feb 13, 2026, 4:56 PM EST
Fiscal quarter
Q3 FY2026
Calendar quarter
Q4 2025
Accession
0000353184-26-000016
(In thousands, except per share data)Three Months Ended December 31, 2025Three Months Ended December 31, 2024Nine Months Ended December 31, 2025Nine Months Ended December 31, 2024
71,13177,880206,152225,535
Operating Expenses:
Overnight air cargo26,03925,62576,86077,661
Ground support equipment9,58510,25228,42729,181
Commercial aircraft, engines and parts14,09023,68543,17365,177
Digital solutions8256352,4231,873
Regional airline5,4805,480
Corporate and other6573581,437851

Item 1. Financial Statements

FAQ

What is Air T's ground support equipment — cost of revenue?
Air T (AIRT) reported ground support equipment — cost of revenue of $9.59M in Q4 2025.
How has Air T's ground support equipment — cost of revenue changed year-over-year?
Air T's ground support equipment — cost of revenue decreased by 6.5% year-over-year, from $10.25M to $9.59M.
What does ground support equipment — cost of revenue mean?
Represents the total direct costs incurred to generate the revenue reported for the ground support equipment segment. Analyzing this metric alongside revenue helps determine the gross margin and operational efficiency of the segment's core business activities.

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