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Air T AIRT Passthrough cost

Passthrough cost at other companies

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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 airt:PassThroughCosts.

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 passthrough cost?
Air T (AIRT) reported passthrough cost of $11.48M in Q1 2026.
How has Air T's passthrough cost changed year-over-year?
Air T's passthrough cost increased by 15.0% year-over-year, from $9.98M to $11.48M.
What is the long-term trend for Air T's passthrough cost?
Over 4 years (2022 to 2026), Air T's passthrough cost has grown at a 18.9% compound annual growth rate (CAGR), from $23M to $45.9M.
What does passthrough cost mean?
This represents costs incurred by the company that are contractually billed directly to the customer, often with little to no markup. These costs are typically excluded from core margin analysis to provide a clearer view of the company's true operational profitability. Tracking these helps investors distinguish between actual service revenue and reimbursed expenses.