Company research / AIRT

Air T Inc (AIRT)

Also trades as AIRTP. Every security a company lists rests on one set of financial statements, so these figures cover the whole company.

SEC name AIR T INC · CIK 0000353184 · Nasdaq · Air Courier Services

  • Sector Transportation & Utilities
  • Incorporated DE
  • Fiscal year ends Mar 31

For the year ended 2026-03-31, Air T Inc reported revenue of $327.09M. Revenue grew 12.1% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $371.68M.

Key ratios (year ended 2026-03-31)

-3.4%
Operating margin
23.8%
Net margin
97.7%
Return on year-end equity
12.1%
Revenue growth (YoY)

Beyond the statements

Follow the company.

Explore new filings, reported insider transactions and company relationships.

Open company research ↗

Latest selected filing: Form 8-K (current report) · 2026-09-04

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Stock splits: 3-for-2, first reflected in a filing dated 2019-08-14. Figures are as filed: per-share figures and share counts last reported before a split are on the old share basis, so changes and growth rates across a split are not shown. Splits are read from the filings' own restatements, so a share conversion in a merger or reorganization shows up the same way.

Period endedTTM to
2026-06-30
2026-03-312025-03-312024-03-312023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-31
Revenue$371.68M$327.09M$291.85M$286.83M$247.32M$177.08M$175.12M$236.78M$215.50M$194.52M$148.47M
R&D Expensen/an/an/an/an/an/an/an/an/a$195.7K$1.04M
Operating Incomen/a-$11.20M$1.91M$1.26M-$4.41M$8.76M-$9.18M$7.29M$9.33M$4.25M-$3.10M
Depreciation & Amortization$20.94M$12.34M$4.36M$2.80M$4.16M$1.86M$3.11M$5.68M$7.24M$2.43M$3.18M
EBITDAn/a$1.14M$6.26M$4.06M-$245.0K$10.62M-$6.07M$12.97M$16.57M$6.67M$81.1K
Net Income$63.81M$77.98M-$6.14M-$6.82M-$12.29M$10.93M-$7.28M$7.66M$1.34M$2.28M-$3.21M
EPS (Diluted)n/a$28.85-$2.23-$2.42-$4.32$3.78-$2.53$2.73$0.44$1.11-$1.51
Total Assets$469.06M$409.12M$173.78M$177.17M$189.56M$207.60M$140.75M$151.43M$115.14M$97.15M$65.34M
Total Liabilities$385.90M$317.90M$168.24M$158.37M$163.87M$171.12M$119.44M$120.34M$86.31M$70.91M$41.73M
Long-Term Debt$246.34M$208.20M$110.33M$112.93M$125.08M$135.81M$87.50M$85.82M$57.65M$48.08Mn/a
Shareholders' Equity$65.20M$79.81M-$3.22M$4.77M$11.90M$24.61M$13.72M$24.01M$24.36M$25.12M$22.97M
Cash & Equivalents$16.67M$20.33M$5.93M$7.10M$5.81M$5.62M$11.00M$5.95M$12.42M$4.80M$2.76M
Operating Cash Flow-$26.78M-$25.04M$23.50M$17.18M$16.91M-$33.08M-$1.82M-$25.07M$20.94M-$277.8K-$7.55M
Capital Expenditures$37.58M$16.48M$1.08M$1.08M$1.18M$1.53M$3.90M$2.44M$1.17M$2.12M$2.35M
Free Cash Flow-$64.35M-$41.53M$22.41M$16.10M$15.73M-$34.61M-$5.72M-$27.51M$19.77M-$2.40M-$9.90M
Share Repurchasesn/a$28.0K$1.45M$876.0Kn/an/an/an/a$744.2Kn/a$7.92M
Shares Outstanding2.69M2.70M2.70M2.78M2.82M2.87M2.88M2.88M2.02M2.04M2.04M
Weighted Average Diluted Sharesn/a2.70M2.75M2.82M2.85M2.89M2.88M2.80M3.06M2.05M2.13M
EPS (Basic)n/a$28.85-$2.23-$2.42-$4.32$3.79-$2.53$2.74$0.44$1.11-$1.51

Price chart

Chart and quotes by TradingView. Exchange coverage and delays vary.

Open chart on TradingView