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Air T AIRT Overnight air cargo — Operating Income (Loss)

Other segment segments

Ground Support Equipment
$1.62M
Regional Airline
-$1.48M
Commercial Aircraft, Engines and Parts
-$1.19M
Digital Solutions
-$212K

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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$71.46M+17.6%
Enterprise value$66.72M-67.5%
P/E0.9×
P/S0.2×0.0×

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:OperatingIncomeLoss.

The official record: Air T’s 10-Q, filed February 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Air T's overnight air cargo — operating income (loss)?
Air T (AIRT) reported overnight air cargo — operating income (loss) of $863K in Q4 2025.
How has Air T's overnight air cargo — operating income (loss) changed year-over-year?
Air T's overnight air cargo — operating income (loss) decreased by 53.7% year-over-year, from $1.87M to $863K.
What does overnight air cargo — operating income (loss) mean?
Measures the core profitability of the overnight air cargo segment by subtracting operating expenses from segment revenue. It serves as a primary indicator of the operational efficiency and competitive performance of the air freight business.