What is Air T's operating income?

Air T (AIRT) reported operating income of -$13.77M in Q1 2026.

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

Over 2 years (2023 to 2026), Air T's operating income has grown at a 59.0% compound annual growth rate (CAGR), from -$4.59M to -$11.6M.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

Air T AIRT Operating Income

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Segments

By segment

See full

Ground Support Equipment$1.62M—

Regional Airline-$1.48M—

Commercial Aircraft, Engines and Parts-$1.19M—

Overnight air cargo$863K-53.7%

Digital Solutions-$212K—

Other financials

Income statement

See full

Revenue$120.9M+82.4%

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:OperatingIncomeLoss.

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 operating income?: Air T (AIRT) reported operating income of -$13.77M in Q1 2026.
What is the long-term trend for Air T's operating income?: Over 2 years (2023 to 2026), Air T's operating income has grown at a 59.0% compound annual growth rate (CAGR), from -$4.59M to -$11.6M.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.