What is Air T's revenue?

Air T (AIRT) generated $327.1M in revenue over the trailing twelve months, up 12.1% year over year.

Air T reported $78.0M in net income over the trailing twelve months, a 23.8% net margin.

What is Air T's earnings per share?

Air T's diluted EPS over the trailing twelve months is $28.84.

Where does Air T's income statement data come from?

Every line is extracted from Air T's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Air T AIRT Income Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'26	FY'25	FY'24	FY'23
Total revenue	$327.09M+12.1%	$291.85M+1.7%	$286.83M+16.0%	$247.32M+39.7%
General and administrative	$80.84M+38.8%	$58.23M+13.9%	$51.11M+19.3%	$42.84M—
Occupancy and equipment	$3.86M+23.7%	$3.12M+20.6%	$2.59M+24.5%	$2.08M—
Depreciation and amortization	$12.34M+183%	$4.36M+55.6%	$2.8M-32.7%	$4.16M—
Total operating expenses	$345.32M+19.1%	$289.96M+1.5%	$285.57M+13.4%	$251.73M—
Operating income	-$11.6M—	——	$1.26M+128%	-$4.59M—
Operating margin	-3.5%—	——	0.4%+2.3pp	-1.9%—
Interest expense	$12.04M+43.6%	$8.39M+21.3%	$6.92M-12.8%	$7.94M—
Other income (expense), net	$97.62M+1,520%	-$6.88M-31.7%	-$5.22M+24.9%	-$6.95M—
Income from equity method investments	-$1.74M—	——	——	——
Income before income taxes	$86.02M+1,825%	-$4.99M-26.1%	-$3.96M+65.2%	-$11.35M—
Income tax expense	——	——	——	——
Net income	$77.98M+1,370%	-$6.14M+10.0%	-$6.82M+44.5%	-$12.3M-213%
Net margin	23.8%+25.9pp	-2.1%+0.3pp	-2.4%+2.6pp	-5%-11.1pp
Net income attributable to noncontrolling interests	$6.67M—	——	$2.14M+319%	$510K-60.7%
Diluted earnings per share	$28.84+1,393%	-$2.23+7.9%	-$2.42+43.6%	-$4.29—
Basic earnings per share	$28.84+1,393%	-$2.23+7.9%	-$2.42+43.6%	-$4.29-214%
Weighted-average shares, diluted	10.8M-1.9%	11M-2.2%	11.3M—	——
Weighted-average shares, basic	10.8M-1.9%	11M-2.2%	11.3M—	——
Other expenses	$4.5M+14.5%	$3.93M—	——	——
Interest Income (Expense), Nonoperating	$12.04M+43.6%	$8.39M—	——	——
Accretion of fair value discount	$1.33M—	$0—	——	——
Adjustments To Additional Paid In Capital, Stock Option Forfeiture	——	——	——	——
Accounts Receivable, Allowance for Credit Loss, Recovery	$13K-98.5%	$884K+3,057%	$28K—	——
Accounts Receivable, Allowance for Credit Loss, Writeoff	$289K-64.0%	$802K+178%	$288K—	——
Stock options excluded as their inclusion would be anti-dilutive (in shares)	——	203K+3,960%	5K-76.2%	21K+90.9%
Business Combination Bargain Purchase Gain Recognized Amount	$111.19M—	$0—	——	——
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1	-$666K—	——	$0—	——
Increase in acquired value	——	——	——	——
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation	——	-$1.09M-244%	$753K—	——
Allocation of comprehensive income from unconsolidated investments	$229K—	——	——	——
Comprehensive Income (Loss), Net Of Tax, Attributable To Redeemable Noncontrolling Interests	——	——	——	——
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$82.88M+1,336%	-$6.71M+13.1%	-$7.72M+31.2%	-$11.22M—
Less: comprehensive income attributable to noncontrolling interest	$6.67M—	——	$2.14M—	——
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	$89.55M+1,598%	-$5.98M-7.1%	-$5.58M+47.9%	-$10.71M—
Revenue recognized that was included in deferred income at the beginning of the period	$4M+8.0%	$3.71M—	——	——
Federal	$153K—	$0-100%	$23K-50.0%	$46K-96.6%
Foreign	$1.62M+190%	$557K-38.2%	$902K+6.7%	$845K+531%
Current State And Local Tax Expense Benefit	$247K+48.8%	$166K+173%	-$226K-251%	$150K+241%
Federal	-$399K-581%	$83K-34.1%	$126K+334%	$29K+106%
Deferred Foreign Income Tax Expense Benefit	-$196K+46.4%	-$366K-341%	-$83K+57.7%	-$196K—
Deferred Sales Inducement Cost, Amortization Expense	$1.6M+33.3%	$1.2M0.0%	$1.2M—	——
State	-$53K-212%	-$17K-30.8%	-$13K+97.1%	-$442K-416%
Defined Contribution Plan Cost Recognized	$1.1M+10.0%	$1M+11.1%	$900K—	——
Depreciation	$10.2M+500%	$1.7M—	——	——
Effect of exchange rate changes on cash, cash equivalents and restricted cash	——	$408K—	——	——
Effective tax rates	——	$0.02+110%	-$0.18-387%	-$0.04—
Income taxes at U.S. statutory rate of 21%	——	——	——	——
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent	——	——	——	——
Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate	——	——	——	——
Effective Income Tax Rate Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary	——	——	——	——
Foreign operations	——	——	——	——
Other	-$0—	——	——	——
Share-based compensation	——	——	——	——
State income taxes, net of federal benefit	——	——	——	——
State income taxes, net of federal benefit	——	-$165K-32.0%	-$125K+77.6%	-$558K-238%
airt_EffectiveIncomeTaxRateReconciliationSection831bBenefitPercentage	——	——	——	——
State income taxes – net of federal income tax benefit	——	——	——	——
Changes in unrecognized tax benefits	——	——	——	——
Effective Income Tax Rate Reconciliation, Tax Credit, Foreign, Percent	——	——	——	——
Fair Value Adjustment Of Warrants	-$46K—	——	——	——
Number of companies serviced	——	2—	——	——
Total number of companies serviced	——	8—	——	——
Gain on sale of aircraft on lease	——	$0—	——	——
Gain (loss) on sale of derivatives	$2K-98.8%	$167K+4,075%	$4K—	——
Foreign Currency Translation and Other Adjustments	——	——	——	——
Income Loss From Continuing Operations Before Income Taxes Domestic	$100.75M+2,203%	-$4.79M-38.1%	-$3.47M+67.2%	-$10.57M—
Income Loss From Continuing Operations Before Income Taxes Foreign	-$14.73M-7,378%	-$197K+59.5%	-$487K+38.1%	-$787K—
Federal taxes	$200K—	——	——	——
Foreign	$500K—	——	——	——
State taxes	$200K—	——	——	——
Income Tax Rate Reconciliation, Section 831 Benefit	——	$0-100%	$306K+11.7%	$274K—
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount	——	$1.27M-33.4%	$1.91M-39.4%	$3.15M+240%
Income Tax Reconciliation Change In Enacted Tax Rate	——	$605K+705%	-$100K-130%	$334K-21.8%
Equity income or loss	——	$140K-35.5%	$217K+214%	-$190K-209%
Income Tax Reconciliation Foreign Income Tax Rate Differential	——	-$101K-125%	$399K+1,696%	-$25K—
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	$18.06M+1,824%	-$1.05M-26.1%	-$831K+65.1%	-$2.38M-185%
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Amount	-$135K—	——	——	——
Share-based compensation	-$23.35M—	——	——	——
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount	$112K—	——	——	-$558K-415%
Changes in unrecognized tax benefits	$0—	——	——	——
Income Tax Reconciliation Tax Credits Foreign	$810K—	——	——	——
Accounts payable	$16.34M+503%	$2.71M-41.4%	$4.62M—	——
Increase (Decrease) in Accounts Receivable	$3.35M—	——	——	——
Accrued liabilities	$5.76M+430%	$1.09M-54.3%	$2.38M—	——
Increase (Decrease) in Inventories	$24.09M+213%	-$21.29M—	——	——
Increase (Decrease) in Other Current Assets	——	——	——	——
Increase (Decrease) in Other Operating Assets and Liabilities, Net	$2.18M+369%	$464K-84.7%	$3.03M—	——
Interest Income, Other	$748K+99.5%	$375K+308%	$92K-72.0%	$328K+44.5%
Lease Cost	$6.43M+21.9%	$5.28M+23.1%	$4.29M+24.9%	$3.43M—
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders	——	$98K—	——	——
Minority Interest Decrease From Redemptions	$0+100%	-$146K—	$0—	——
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation	——	-$4.8M—	——	——
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation	-$21.8M-8.0%	-$20.19M-708%	-$2.5M—	——
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation	-$25.04M-207%	$23.5M—	——	——
Net Income Loss Attributable To Noncontrolling Interest	$6.67M—	——	$2.14M+319%	$510K-60.7%
Net Income Loss Attributable To Redeemable Noncontrolling Interest	——	——	-$1.33M-176%	$1.75M+429%
Net loss	$80.4M+1,413%	-$6.12M+10.6%	-$6.85M+44.4%	-$12.32M-212%
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests, Including Retained Earnings	——	——	——	——
Number of anniversary has fixed price put option	——	——	——	3—
Number of installments after exercise	——	——	——	3—
Number of operating segments	——	——	——	4—
Number of reportable segments	——	40.0%	40.0%	4—
Operating Lease Payments	$3.66M+62.1%	$2.26M-3.9%	$2.35M+25.0%	$1.88M+3.1%
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax	$4.82M+1,083%	$407K+538%	-$93K-2,425%	$4K+101%
Net gains (losses) deferred	——	——	$20K—	——
Cash flow hedges	——	$0—	——	——
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax	-$49K-104%	$1.35M+64.2%	$823K+1,169%	-$77K-87.8%
Foreign currency translation gains (losses)	$4.5M—	——	——	——
Other comprehensive income (loss)	$4.9M+963%	-$567K+36.7%	-$896K-183%	$1.08M—
Other Comprehensive Income Other Net Of Tax	——	——	$0—	——
Other Noncash Income (Expense)	-$4.81M-25.6%	-$3.83M—	——	——
Other income, net (Note 6)	-$194K—	——	$8K—	——
Passthrough cost	$45.9M+15.0%	$39.9M+9.6%	$36.4M+24.7%	$29.2M+27.0%
Payment for (Proceeds from) Other Investing Activity	——	$163K+1,006%	-$18K—	——
Loan advances to other unrelated entity	$9.29M—	$0—	——	——
Payments Related To Assets On Lease	——	$14.6M—	$0—	——
Payments to Acquire Businesses, Net of Cash Acquired	$6.73M—	$0—	$0—	——
Payments To Acquire Interest In Subsidiaries And Affiliates	$15.25M+117%	$7.03M+51.7%	$4.63M—	——
Payments to Acquire Property, Plant, and Equipment	$16.48M+1,425%	$1.08M+0.5%	$1.08M—	——
Payments To Loans Advance from Investing Activities	——	——	——	——
Payments to Noncontrolling Interests	——	——	——	——
Proceeds From Collection Of Notes Receivable	——	——	——	——
Debt issued (Note 13)	$76.32M+207%	$24.88M+0.1%	$24.85M—	——
Proceeds from revolver	$144.98M+6.2%	$136.52M+9.9%	$124.25M—	——
Financing — other	-$714K-157%	$1.25M+298%	-$629K—	——
Proceeds From Sale Of Flight Equipment	$19.89M—	——	——	——
Repayments of Lines of Credit	$135.53M+3.2%	$131.38M-7.5%	$141.96M—	——
Revenue From Contract With Customer Excluding Assessed Tax	$327.09M+12.1%	$291.85M+1.7%	$286.83M—	——
Other revenue from third parties	——	$3.3M+17.8%	$2.8M—	——
Other revenue	$199K0.0%	$199K-82.8%	$1.16M—	——
Right Of Use Asset Obtained In Exchange For Operating Lease Liability	$4M—	——	——	——
Property, plant, and equipment additions	$16.48M+5.2%	$15.67M+1,356%	$1.08M—	——
Expected volatility	——	——	——	——
Risk-free rate	——	——	——	——
Weighted-average dividend yield	——	——	——	——
Short Term Lease Cost	$1.37M+23.2%	$1.11M+27.3%	$873K+19.6%	$730K—
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture	$175K+23.2%	$142K—	——	$315K—
Value of shares repurchased	$28K—	——	——	——
Variable Lease Cost	$1.21M+15.0%	$1.05M+26.7%	$828K+32.5%	$625K—
ATA 25.1 warrants (Note 18)	——	——	——	——
EBIT	-$11.6M-786%	-$1.31M-204%	$1.26M+128%	-$4.59M—
EBITDA	$743K-75.6%	$3.05M-25.0%	$4.06M+1,060%	-$423K—
EBITDA	$743K-75.6%	$3.05M-25.0%	$4.06M+1,060%	-$423K—
EBITDA margin	0.2%-0.8pp	1%-0.4pp	1.4%+1.6pp	-0.2%—
EBIT	-$11.6M-786%	-$1.31M-204%	$1.26M+128%	-$4.59M—

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Questions, answered.

What is Air T's revenue?: Air T (AIRT) generated $327.1M in revenue over the trailing twelve months, up 12.1% year over year.
Is Air T profitable?: Air T reported $78.0M in net income over the trailing twelve months, a 23.8% net margin.
What is Air T's earnings per share?: Air T's diluted EPS over the trailing twelve months is $28.84.
Where does Air T's income statement data come from?: Every line is extracted from Air T's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.