Air T (AIRT) Income Statement: Revenue & Earnings

Air T Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Air T, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019
Revenue & Gross Profit
Revenue	291.85	286.83	247.32	177.08	175.12	236.79	215.50
Cost of Revenue	231.66	234.46	201.66	136.60	143.45	-67.39	172.55
Gross Profit	60.19	52.38	45.66	40.47	31.67	231.10	42.95
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	57.85	51.11	42.84	29.82	34.26	39.78	33.61
Operating Expenses	58.28	51.11	49.55	31.68	37.37	-229.49	33.61
Operating Income	1.91	1.26	-3.88	8.80	-9.18	191.32	9.35
Other Income/Expense
Interest Income	0.38	0.09	0.33	0.23	0.02	0.00	0.06
Interest Expense	8.93	6.69	-8.26	-5.18	-4.64	0.00	3.29
Other Income/Expense	-6.90	1.70	-0.07	0.82	4.38	-2.37	0.05
Income
Income Before Tax	-4.99	-3.96	-11.35	13.40	-11.78	2.62	5.97
Income Tax Expense	0.42	0.73	0.43	1.17	-3.39	-0.54	1.76
Net Income	-6.14	-6.82	-12.30	10.93	-7.28	191.71	1.34
Net Income - Continuous Operations	-6.14	-4.68	-11.79	12.23	0.00	0.00	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	7.97	5.53	0.28	10.66	-4.32	8.57	16.52
EBIT	2.34	2.73	-3.88	8.80	-7.43	2.86	9.26
Depreciation & Amortization	4.36	2.80	4.16	1.86	3.11	0.00	0.00
Earnings Per Share
Basic EPS	-2.00	-2.00	-4.00	4.00	-5.00	5.00	-
Diluted EPS	-2.00	-2.00	-4.00	4.00	-5.00	5.00	-
Basic Shares Outstanding	2.75	2.82	2.85	2.88	2.88	2.79	3.05
Diluted Shares Outstanding	2.75	2.82	2.85	2.89	2.88	2.80	3.06