AIRI · XBRL financial data
Air Industries Group financial statements, every fiscal year
The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (AIRI's year ends in late December)
| In thousands of dollars | Dec 31, 2020 | Dec 31, 2021 | †Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue | 50,097 | 58,939 | 53,238 | 51,516 | 55,108 | 47,921 |
| Cost of revenue | 43,585 | 48,686 | — | 44,088 | 46,176 | 39,734 |
| Cost of goods and services sold | 91 | 135 | 45,786 | 44,088 | — | — |
| Gross profit | 6,512 | 10,253 | 7,452 | 7,428 | 8,932 | 8,187 |
| Total operating expenses | 7,951 | 7,766 | 7,646 | 7,723 | 8,473 | 8,525 |
| Other operating income (expense) | — | — | — | 87 | 67 | 52 |
| Operating income (loss) | (1,439) | 2,487 | (194) | (295) | 459 | (338) |
| Interest expense | — | 460 | 487 | 1,448 | 1,421 | 1,485 |
| Other income (expense) | — | — | 139 | 84 | — | — |
| Income tax expense (benefit) | (1,412) | — | — | — | — | (131) |
| Net income (loss) | 1,096 | 1,627 | (1,076) | (2,131) | (1,366) | (1,305) |
| Earnings per share, basic USD per share | 0.04 | 0.05 | (0.33) | (0.65) | (0.41) | (0.31) |
| Earnings per share, diluted USD per share | 0.05 | 0.05 | (0.33) | (0.65) | (0.41) | (0.31) |
| Weighted average shares, basic thousands of shares | 30,742 | 32,049 | 3,227 | 3,279 | 3,336 | 4,217 |
| Weighted average shares, diluted thousands of shares | 36,747 | 36,424 | 3,227 | 3,279 | 3,336 | 4,217 |
- † Share count changed about 1/10 in the period ending 2022-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Balance sheet
CSVFiscal years (AIRI's year ends in late December)
| In thousands of dollars | Dec 31, 2020 | Dec 31, 2021 | †Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 2,505 | 627 | 281 | 346 | 753 | 4,610 |
| Accounts receivable | — | — | 9,483 | 7,892 | 8,900 | 7,071 |
| Inventory | 32,120 | 29,532 | 31,821 | 29,851 | 28,811 | 34,261 |
| Prepaid and other current assets | 173 | 226 | 307 | 297 | 371 | 766 |
| Total current assets | 43,611 | 40,880 | 42,216 | 38,719 | 39,187 | 46,784 |
| Property and equipment, net | 9,581 | 8,404 | 8,593 | 8,048 | 8,809 | 9,501 |
| Right-of-use asset | 3,510 | 3,018 | 2,473 | 1,866 | 1,190 | 514 |
| Goodwill | 163 | 163 | — | — | — | — |
| Total assets | 57,777 | 53,425 | 53,814 | 50,715 | 51,011 | 58,329 |
| Accounts payable | 7,240 | 5,460 | — | — | — | — |
| Accrued liabilities | 337 | 411 | — | — | — | — |
| Current portion of long-term debt | — | 48 | 14,477 | 16,036 | 18,362 | 23,721 |
| Total current liabilities | 27,327 | 23,402 | 23,616 | 26,602 | 27,411 | 37,616 |
| Total deposits | 917 | — | — | — | — | — |
| Long-term debt | 10,798 | 9,250 | 4,629 | 1,112 | 1,759 | 1,512 |
| Lease liability, non-current | 3,927 | 3,241 | 2,463 | 1,582 | 702 | — |
| Total liabilities | 42,668 | 36,036 | 36,975 | 35,525 | 36,063 | 39,128 |
| Accumulated deficit | (66,161) | (64,534) | (65,610) | (67,741) | (69,107) | (70,412) |
| Total stockholders' equity | 15,109 | 17,389 | 16,839 | 15,190 | 14,948 | 19,201 |
| Total liabilities and equity | 57,777 | 53,425 | 53,814 | 50,715 | 51,011 | 58,329 |
| Common shares outstanding (cover page) thousands of shares | 32,000 | 32,183 | 3,259 | 3,315 | 3,694 | 4,781 |
- † Share count changed about 1/10 in the period ending 2022-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Cash flows
CSVFiscal years (AIRI's year ends in late December)
| In thousands of dollars | Dec 31, 2020 | Dec 31, 2021 | †Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | 1,096 | 1,627 | (1,076) | (2,131) | (1,366) | (1,305) |
| Stock-based compensation | 211 | 443 | 310 | 482 | 797 | 1,047 |
| Depreciation and amortization | — | — | — | 2,268 | 2,072 | — |
| Net cash from operating activities | (1,525) | 4,064 | 448 | 4,862 | 324 | (1,352) |
| Purchases of property and equipment | 3,797 | 1,364 | 2,361 | 2,119 | 2,301 | 3,322 |
| Net cash from investing activities | (3,797) | (1,364) | (2,361) | (2,112) | (2,285) | (3,122) |
| Proceeds from issuing common stock | 984 | — | — | — | 327 | 4,638 |
| Proceeds from issuing equity | — | — | — | — | 509 | 4,866 |
| Net cash from financing activities | 6,533 | (4,578) | 1,567 | (2,685) | 2,368 | 8,331 |
| Net change in cash | 1,211 | (1,878) | (346) | — | — | — |
- † Share count changed about 1/10 in the period ending 2022-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Compare with peers
SIC 3728 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 3728 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($K) | Revenue, quarter ($K) | Operating cash flow, quarter ($K) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| Air Industries Group | 4,624 | 11,995 | 1,523* | 4.9M | — | 10-QJun 30, 2026 |
| Dynamic Aerospace Systems | 7.6 | 0 | (489)* | 32.5M | 0.0 quarters | 10-QJun 30, 2026 |
| Xeriant | 88 | not reported | (184)* | 1.1B | 0.5 quarters | 10-KJun 30, 2026 |
| Momentus | 107,598 | 25 | (9,069)* | 22.0M | 11.9 quarters | 10-QJun 30, 2026 |
| Helio | 521 | 591 | (618)* | 5.2M | — | 10-QJul 31, 2026 |
| Sifco Industries | 77 | 26,145 | not reported | 6.3M | — | 10-QJun 30, 2026 |
| BETA Technologies | 1,343,055 | 17,672 | (101,137)* | not reported | 11.0 quarters | 10-QSep 30, 2026 |
| AgEagle Aerial Systems | 15,910 | not reported | (6,012)* | 62.9M | 2.6 quarters | 10-QJun 30, 2026 |
| DUKE Robotics | 6,951 | 149 | (766)* | 3.4M | 9.1 quarters | 10-QJun 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.