Air T, Inc.
Balance Sheet
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $20.3M | $5.9M | $7.1M | $5.8M | $5.6M | $11.0M | $6.0M | $12.4M |
| Accounts Receivable | $39.9M | $23.9M | $22.9M | $27.2M | $19.7M | $6.5M | $13.1M | $10.9M |
| Inventory | $77.1M | $38.5M | $60.7M | $71.1M | $75.2M | $72.0M | $60.6M | $27.5M |
| Total Current Assets | $160.0M | $78.5M | $102.9M | $116.6M | $128.2M | $105.8M | $98.5M | $71.3M |
| Property, Plant & Equipment | $162.0M | $20.3M | $20.9M | $21.4M | $21.2M | $8.5M | $5.3M | $4.3M |
| Goodwill | $11.8M | $10.5M | $10.5M | $10.6M | $10.1M | $4.2M | $4.2M | $4.2M |
| Intangible Assets (Excl. Goodwill) | $13.0M | $10.0M | $11.0M | $12.1M | $13.3M | $1.6M | $749.0K | $998.0K |
| Total Assets | $409.1M | $173.8M | $177.2M | $189.6M | $207.6M | $140.8M | $151.4M | $115.1M |
| Liabilities | ||||||||
| Accounts Payable | $37.0M | $17.8M | $15.1M | $10.4M | $9.4M | $8.3M | $10.9M | $11.4M |
| Total Current Liabilities | $95.5M | $47.7M | $46.8M | $64.3M | $30.9M | $28.2M | $67.7M | $52.8M |
| Long-Term Debt | $208.2M | $110.3M | $112.9M | $125.1M | $135.8M | $87.5M | $85.8M | $57.7M |
| Total Liabilities | $317.9M | $168.2M | $158.4M | $163.9M | $171.1M | $119.4M | $120.3M | $86.3M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $80.1M | $2.1M | $8.2M | $13.7M | $26.7M | $16.3M | $23.8M | $21.2M |
| Total Stockholders' Equity | $79.8M | $-3.2M | $4.8M | $11.9M | $24.6M | $13.7M | $24.0M | $24.4M |