What is Air T's contract liabilities?

Air T (AIRT) reported contract liabilities of $24.43M in Q4 2025.

How has Air T's contract liabilities changed year-over-year?

Air T's contract liabilities increased by 517.5% year-over-year, from $3.96M to $24.43M.

What is the long-term trend for Air T's contract liabilities?

Over 3 years (2022 to 2025), Air T's contract liabilities has grown at a -3.9% compound annual growth rate (CAGR), from $4.73M to $4.2M.

What does contract liabilities mean?

Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

Air T AIRT Contract Liabilities

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Other financials

Income statement

See full

Revenue$120.9M+82.4%

Operating income-$13.8M—

Net income$77.7M+1,206%

EPS (diluted)$28.75+1,227%

Balance sheet

See full

Cash & equivalents$20.3M+201%

Total debt$15.6M-87.5%

Total equity$79.8M+2,582%

Total assets$409.1M+135%

Cash flow

See full

Operating cash flow-$44.0K-101%

CapEx$15.3M+10,139%

Free cash flow-$15.3M-485%

Valuation

See full

Market cap$71.46M+17.6%

Enterprise value$66.72M-67.5%

P/E0.9×—

P/S0.2×0.0×

Profitability

See full

Operating margin-3.5%—

Net margin23.8%+22.1pp

FCF margin-12.7%-20.4pp

Returns & leverage

See full

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:ContractWithCustomerLiability.

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 contract liabilities?: Air T (AIRT) reported contract liabilities of $24.43M in Q4 2025.
How has Air T's contract liabilities changed year-over-year?: Air T's contract liabilities increased by 517.5% year-over-year, from $3.96M to $24.43M.
What is the long-term trend for Air T's contract liabilities?: Over 3 years (2022 to 2025), Air T's contract liabilities has grown at a -3.9% compound annual growth rate (CAGR), from $4.73M to $4.2M.
What does contract liabilities mean?: Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.