Air T, Inc.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $115.5M | $120.9M | $71.1M | $64.2M | $70.9M | $66.3M | $77.9M | $81.2M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $29.6M | $31.1M | $16.7M | $18.1M | $15.0M | $14.9M | $14.2M | $14.2M |
| Operating Income | $-12.8M | $-13.8M | $-3.8M | $5.5M | $848.0K | $-2.6M | $1.4M | $3.6M |
| Operating Margin | -11.1% | -11.4% | -5.3% | 8.6% | 1.2% | -3.9% | 1.8% | 4.5% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-15.0M | $81.5M | $-1.9M | $7.2M | $-807.0K | $-7.5M | $-896.0K | $3.3M |
| Income Tax Expense | $660.0K | $-817.0K | $121.0K | $2.2M | $-136.0K | $-331.0K | $347.0K | $336.0K |
| Net Income | $-15.8M | $77.7M | $-2.5M | $4.4M | $-1.6M | $-7.0M | $-1.3M | $2.5M |
| Net Margin | -13.7% | 64.3% | -3.4% | 6.8% | -2.3% | -10.6% | -1.7% | 3.1% |
| EPS (Basic) | $-5.86 | $28.76 | $-0.91 | $1.61 | $-0.61 | $-2.55 | $-0.47 | $0.91 |
| EPS (Diluted) | $-5.86 | $28.76 | $-0.91 | $1.61 | $-0.61 | $-2.55 | $-0.47 | $0.91 |
| Shares Outstanding (Basic) | 2.7M | 2.7M | 2.7M | 2.7M | 2.7M | 2.8M | 2.8M | 2.8M |
| Shares Outstanding (Diluted) | 2.7M | 2.7M | 2.7M | 2.7M | 2.7M | 2.8M | 2.8M | 2.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |