What is Air T's net income?

Air T (AIRT) reported net income of $77.72M in Q1 2026.

How has Air T's net income changed year-over-year?

Air T's net income increased by 1205.8% year-over-year, from -$7.03M to $77.72M.

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

Over 4 years (2022 to 2026), Air T's net income has grown at a 63.4% compound annual growth rate (CAGR), from $10.93M to $77.98M.

What does net income mean?

The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

Air T AIRT Net Income

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Segments

By segment

See full

Regional airline-$12.76M—

Overnight Air Cargo$2.25M+204%

Ground support equipment$1.62M+782%

Digital solutions-$541K-202%

Other financials

Income statement

See full

Revenue$120.9M+82.4%

Operating income-$13.8M—

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:NetIncomeLoss.

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?: Air T (AIRT) reported net income of $77.72M in Q1 2026.
How has Air T's net income changed year-over-year?: Air T's net income increased by 1205.8% year-over-year, from -$7.03M to $77.72M.
What is the long-term trend for Air T's net income?: Over 4 years (2022 to 2026), Air T's net income has grown at a 63.4% compound annual growth rate (CAGR), from $10.93M to $77.98M.
What does net income mean?: The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.