Air T, Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $327.1M | $291.9M | $286.8M | $247.3M | $177.1M | $175.1M | $236.8M | $215.5M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $80.8M | $57.8M | $51.1M | $42.8M | $29.8M | $34.3M | $39.8M | $33.6M |
| Operating Income | $-11.2M | $1.9M | $1.3M | $-4.4M | $8.8M | $-9.2M | $7.3M | $9.3M |
| Operating Margin | -3.4% | 0.7% | 0.4% | -1.8% | 4.9% | -5.2% | 3.1% | 4.3% |
| Interest Expense | $12.0M | $8.4M | $6.9M | $7.9M | $4.9M | $4.6M | $4.7M | $3.4M |
| Pretax Income | $86.0M | $-5.0M | $-4.0M | $-11.4M | $13.4M | $-11.8M | $2.6M | $6.0M |
| Income Tax Expense | $1.4M | $423.0K | $729.0K | $432.0K | $1.2M | $-3.4M | $-544.0K | $1.8M |
| Net Income | $78.0M | $-6.1M | $-6.8M | $-12.3M | $10.9M | $-7.3M | $7.7M | $1.3M |
| Net Margin | 23.8% | -2.1% | -2.4% | -5.0% | 6.2% | -4.2% | 3.2% | 0.6% |
| EPS (Basic) | $28.85 | $-2.23 | $-2.42 | $-4.32 | $3.79 | $-2.53 | $2.74 | $0.44 |
| EPS (Diluted) | $28.85 | $-2.23 | $-2.42 | $-4.32 | $3.78 | $-2.53 | $2.73 | $0.44 |
| Shares Outstanding (Basic) | 2.7M | 2.8M | 2.8M | 2.8M | 2.9M | 2.9M | 2.8M | 3.1M |
| Shares Outstanding (Diluted) | 2.7M | 2.8M | 2.8M | 2.8M | 2.9M | 2.9M | 2.8M | 3.1M |
| Dividends Per Share | — | — | — | — | — | — | — | — |