What is Air T's net income (NCI)?

Air T (AIRT) reported net income (NCI) of $4.58M in Q1 2026.

What is the long-term trend for Air T's net income (NCI)?

Over 3 years (2022 to 2026), Air T's net income (NCI) has grown at a 72.5% compound annual growth rate (CAGR), from $1.3M to $6.67M.

What does net income (NCI) mean?

The portion of net income attributable to minority shareholders in subsidiaries that are not 100% owned by the parent company. Deducted to arrive at net income attributable to the parent.

Air T AIRT Net Income (NCI)

Net Income (NCI) at other companies

Radiant LogisticsRLGT

-$103K-432%

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:NetIncomeLossAttributableToNoncontrollingInterest.

The official record: Air T’s 10-K, filed June 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Air T's net income (NCI)?: Air T (AIRT) reported net income (NCI) of $4.58M in Q1 2026.
What is the long-term trend for Air T's net income (NCI)?: Over 3 years (2022 to 2026), Air T's net income (NCI) has grown at a 72.5% compound annual growth rate (CAGR), from $1.3M to $6.67M.
What does net income (NCI) mean?: The portion of net income attributable to minority shareholders in subsidiaries that are not 100% owned by the parent company. Deducted to arrive at net income attributable to the parent.