Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $148M | $195M | $216M | $237M | $175M | $177M | $247M | $287M | $292M | $327M |
| Revenue growth | — | 31.0% | 10.8% | 9.9% | -26.0% | 1.1% | 39.7% | 16.0% | 1.7% | 12.1% |
| Operating income | -$3.10M | $4.25M | $9.33M | $7.29M | -$9.18M | $8.76M | -$4.41M | $1.26M | $1.91M | -$11.2M |
| Operating margin | -2.1% | 2.2% | 4.3% | 3.1% | -5.2% | 4.9% | -1.8% | 0.4% | 0.7% | -3.4% |
| Net income | -$3.21M | $2.28M | $1.34M | $7.66M | -$7.28M | $10.9M | -$12.3M | -$6.82M | -$6.14M | $78.0M |
| Net margin | -2.2% | 1.2% | 0.6% | 3.2% | -4.2% | 6.2% | -5.0% | -2.4% | -2.1% | 23.8% |
| EPS (diluted) | -$1.51 | $1.11 | $0.44 | $2.73 | -$2.53 | $3.78 | -$4.32 | -$2.42 | -$2.23 | $28.85 |
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$7.55M | -$278K | $20.9M | -$25.1M | -$1.82M | -$33.1M | $16.9M | $17.2M | $23.5M | -$25.0M |
| Capital expenditures | $2.35M | $2.12M | $1.17M | $2.44M | $3.90M | $1.53M | $1.18M | $1.08M | $1.08M | $16.5M |
| Free cash flow | -$9.90M | -$2.40M | $19.8M | -$27.5M | -$5.72M | -$34.6M | $15.7M | $16.1M | $22.4M | -$41.5M |
| Share buybacks | $7.92M | — | $744K | — | — | — | — | $876K | $1.45M | $28.0K |
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $2.76M | $4.80M | $12.4M | $5.95M | $11.0M | $5.62M | $5.81M | $7.10M | $5.93M | $20.3M |
| Total assets | $65.3M | $97.1M | $115M | $151M | $141M | $208M | $190M | $177M | $174M | $409M |
| Total liabilities | $41.7M | $70.9M | $86.3M | $120M | $119M | $171M | $164M | $158M | $168M | $318M |
| Long-term debt | — | $48.1M | $57.7M | $85.8M | $87.5M | $136M | $125M | $113M | $110M | $208M |
| Shareholders' equity | $23.0M | $25.1M | $24.4M | $24.0M | $13.7M | $24.6M | $11.9M | $4.77M | -$3.22M | $79.8M |
| Retained earnings | $18.5M | $20.7M | $21.2M | $23.8M | $16.3M | $26.7M | $13.7M | $8.19M | $2.13M | $80.1M |
| Shares (wtd avg diluted) | 2.13M | 2.05M | 3.06M | 2.80M | 2.88M | 2.89M | 2.85M | 2.82M | 2.75M | 2.70M |
Every figure is extracted from AIR T INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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