# Air T, Inc. (AIRT)

**Exchange:** NASDAQ  
**Sector:** Industrials  
**Market cap:** $66M  
**Price:** $23.90 (+7.32%)

> Air T, Inc. is an industrious American holding company founded in 1980 and headquartered in Charlotte, North Carolina. It operates as a decentralized portfolio of powerful businesses across five core segments: Overnight Air Cargo, Commercial Aircraft Engines and Parts, Aviation Ground Support, Equipment Sales, Regional Airline, and Digital Solutions. These segments encompass 20 independent yet interrelated companies that span aviation and related industries, focusing on hard assets, aircraft asset management, and digital aviation services. Air T, Inc. invests in building and acquiring aviation businesses for the long term, starting new ventures, and supporting dynamic teams to deliver outstanding products and activate growth. Notable components include subsidiaries like Aircraft Asset Management for investments in aviation deals and Air T Digital, which provides recurring subscription revenues through companies such as WorldACD and Ambry Hill Technologies. The company also issues trust-preferred securities via its finance subsidiary, Air T Funding. With senior leadership holding ownership stakes, Air T, Inc. emphasizes allocator-operator partnerships in asset management within the aviation sector.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $292M | — | $2M | -$6M | $-2.23 |
| 2024 | $287M | — | $1M | -$7M | $-2.42 |
| 2023 | $247M | — | -$4M | -$12M | $-4.32 |
| 2022 | $177M | — | $9M | $11M | $3.78 |
| 2021 | $175M | — | -$9M | -$7M | $-2.53 |
| 2020 | $237M | — | $7M | $8M | $2.73 |
| 2019 | $216M | — | $9M | $1M | $0.44 |
| 2018 | $195M | — | $4M | $2M | $1.11 |
| 2017 | $148M | — | -$3M | -$3M | $-1.51 |
| 2016 | $148M | — | $6M | $4M | $1.84 |
| 2015 | $112M | — | $3M | $2M | $1.04 |
| 2014 | $101M | — | $3M | $1M | $0.60 |
| 2013 | $103M | — | $3M | $2M | $0.68 |
| 2012 | $89M | — | $2M | $1M | $0.55 |
| 2011 | $83M | — | $3M | $2M | $0.87 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $174M | $168M | -$3M | $6M | $110M |
| 2024 | $177M | $158M | $5M | $7M | $113M |
| 2023 | $190M | $164M | $12M | $6M | $125M |
| 2022 | $208M | $171M | $25M | $6M | $136M |
| 2021 | $141M | $119M | $14M | $11M | $87M |
| 2020 | $151M | $120M | $24M | $6M | $86M |
| 2019 | $115M | $86M | $24M | $12M | $58M |
| 2018 | $97M | $71M | $25M | $5M | $48M |
| 2017 | $65M | $42M | $23M | $3M | — |
| 2016 | $52M | $17M | $34M | $5M | — |
| 2015 | $43M | $14M | $30M | $13M | $14M |
| 2014 | $37M | $10M | $27M | $4M | — |
| 2013 | $36M | $8M | $28M | $9M | — |
| 2012 | $35M | $8M | $27M | $6M | — |
| 2011 | $34M | $8M | $26M | $7M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $23M | $1M | $22M |
| 2024 | $17M | $1M | $16M |
| 2023 | $17M | $1M | $16M |
| 2022 | -$33M | $2M | -$35M |
| 2021 | -$2M | $4M | -$6M |
| 2020 | -$25M | $2M | -$28M |
| 2019 | $21M | $1M | $20M |
| 2018 | -$277,837 | $2M | -$2M |
| 2017 | -$8M | $2M | -$10M |
| 2016 | $3M | $1M | $2M |
| 2015 | $7M | $799,666 | $6M |
| 2014 | -$554,613 | $1M | -$2M |
| 2013 | $4M | $375,045 | $4M |
| 2012 | -$752,270 | $1M | -$2M |
| 2011 | -$5M | $255,517 | -$5M |

Source: [CompaniesByCap](https://companiesbycap.com/company/AIRT)