What is Air T's work in process?

Air T (AIRT) reported work in process of $1.07M in Q4 2025.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

Air T AIRT Work in process

Work in process at other companies

AIRO Group Holdings, Inc. Common StockAIRO

$2.58M—

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:InventoryWorkInProcess.

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 work in process?: Air T (AIRT) reported work in process of $1.07M in Q4 2025.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.