AIRT · XBRL financial data

Air T financial statements, every fiscal year

The same tables from 8 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

Fiscal years (AIRT's year ends in late March)

In thousands of dollars	FY 2020Mar 31, 2021	FY 2022Mar 31, 2022	FY 2023Mar 31, 2023	FY 2024Mar 31, 2024	FY 2025Mar 31, 2025	FY 2026Mar 31, 2026
Revenue	175,121	177,077	247,323	286,834	—	—
Revenue from contracts with customers	175,121	177,077	—	286,834	291,850	327,090
General and administrative	34,264	29,817	45,384	51,096	57,848	80,840
Total operating expenses	184,296	168,322	251,730	285,570	289,942	345,321
Operating income (loss)	(9,175)	8,755	(4,407)	1,264	1,908	(11,197)
Interest expense	4,624	4,948	7,935	6,916	8,387	12,040
Other income (expense)	2,741	1,221	(471)	8	(209)	(193)
Income tax expense (benefit)	(3,387)	1,169	432	729	423	1,369
Net income (loss)	(7,277)	10,928	(12,295)	(6,819)	(6,140)	77,983
Earnings per share, basic USD per share	(2.53)	3.79	(4.32)	(2.42)	(2.23)	28.85
Earnings per share, diluted USD per share	(2.53)	3.78	(4.32)	(2.42)	(2.23)	28.85
Weighted average shares, basic thousands of shares	2,882	2,880	2,847	2,816	2,750	2,703
Weighted average shares, diluted thousands of shares	2,882	2,888	2,847	2,816	2,750	2,703

Fiscal years (AIRT's year ends in late March)

In thousands of dollars	FY 2020Mar 31, 2021	FY 2022Mar 31, 2022	FY 2023Mar 31, 2023	FY 2024Mar 31, 2024	FY 2025Mar 31, 2025	FY 2026Mar 31, 2026
Cash and cash equivalents	10,996	5,616	5,806	7,100	5,932	20,332
Marketable securities	1,407	859	0	531	422	1,026
Accounts receivable	6,505	19,684	27,218	22,911	23,917	39,889
Inventory	71,971	75,167	71,125	60,720	38,516	77,127
Prepaid and other current assets	4,068	10,106	7,487	4,567	—	—
Total current assets	105,774	128,243	116,557	102,877	78,507	159,976
Property and equipment, net	8,519	21,212	21,439	20,861	20,285	162,024
Right-of-use asset	7,757	7,354	11,666	11,376	13,274	14,594
Goodwill	4,227	10,126	10,563	10,540	10,542	11,818
Total assets	140,750	207,599	189,562	177,167	173,778	409,123
Accounts payable	8,344	9,397	10,449	15,072	17,782	36,971
Accrued liabilities	—	13,391	13,133	15,511	16,691	49,717
Total current liabilities	28,179	30,907	64,286	46,841	47,661	95,524
Total deposits	1,251	2,948	2,560	1,403	513	849
Lease liability, non-current	7,075	6,734	10,771	10,515	11,843	12,189
Total liabilities	119,438	171,121	163,870	158,371	168,242	317,902
Retained earnings	16,270	26,729	13,686	8,192	2,130	80,113
Total stockholders' equity	13,725	24,613	11,904	4,770	(3,216)	79,810
Total liabilities and equity	140,750	207,599	189,562	177,167	173,778	409,123
Common shares outstanding (cover page) thousands of shares	2,882	2,866	2,818	2,760	2,703	2,697

Fiscal years (AIRT's year ends in late March)

In thousands of dollars	FY 2020Mar 31, 2021	FY 2022Mar 31, 2022	FY 2023Mar 31, 2023	FY 2024Mar 31, 2024	FY 2025Mar 31, 2025	FY 2026Mar 31, 2026
Net income (loss)	(7,277)	10,928	(12,295)	(6,819)	(6,140)	77,983
Depreciation and amortization	3,107	1,860	4,162	2,798	4,356	12,340
Net cash from operating activities	(1,819)	(33,084)	16,909	17,178	23,496	(25,044)
Purchases of property and equipment	3,899	1,530	1,178	1,076	1,081	16,483
Net cash from investing activities	2,516	(33,388)	(6,168)	(2,499)	(20,189)	(21,803)
Share repurchases	—	—	—	876	1,445	28
Proceeds from long-term debt	59,278	34,232	10,627	24,850	24,877	76,320
Repayments of long-term debt	27,275	3,813	27,850	28,341	35,040	—
Net cash from financing activities	71	59,254	(12,380)	(13,910)	(4,801)	65,399
Net change in cash	356	(7,559)	(1,278)	753	(1,086)	18,513

SIC 4513 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 4513 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 T	16,667	115,461	(2,830)	2.7M	6.3 quarters	Q1 FY27 10-QJun 30, 2026
Starfighters Space	1,453	not reported	(6,097)*	55.0M	3.8 quarters	Q2 FY26 10-QJun 30, 2026
Global Crossing Airlines Group	9,925	62,017	(1,604)*	not reported	6.2 quarters	Q2 FY26 10-QJun 30, 2026
Republic Airways Holdings	128,600	465,700	79,000*	46.8M	—	Q3 FY26 10-QSep 30, 2026
Harbor Diversified	13,517	not reported	(13,799)*	58.4M	1.0 quarters	Q4 FY25 10-KDec 31, 2025

Not investment advice. Not affiliated with the U.S. SEC.