Air Industries Group (AIRI)

Air Industries Group Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	0.69	0.68	0.75	0.35	0.28	0.63
Cash & Short-Term Investments	0.69	0.68	0.75	0.35	0.28	0.63
Cash Growth	36.88%	-9.70%	117.63%	23.13%	-55.18%	-74.97%
Accounts Receivable	7.16	7.07	8.9	7.89	9.48	10.47
Other Receivables	-	-	0.3	0.3	0.3	-
Receivables	7.16	7.07	9.2	8.19	9.78	10.47
Inventory	36.7	34.26	28.81	29.85	31.82	29.53
Prepaid Expenses	0.55	0.84	0.43	0.33	0.34	0.25
Restricted Cash	3.93	3.93	-	-	-	-
Total Current Assets	49.04	46.78	39.19	38.72	42.22	40.88
Property, Plant & Equipment	9.55	10.93	11.11	10.88	11.07	11.42
Goodwill	-	-	-	-	-	0.16
Long-Term Deferred Charges	0.63	0.61	0.71	1.11	0.53	0.96
Total Assets	59.22	58.33	51.01	50.72	53.81	53.43

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	6.89	7.1	5.58	5.46	6.44	5.46
Accrued Expenses	-	0.8	1.44	0.63	1.1	1.26
Current Portion of Long-Term Debt	28.92	28.38	18.36	16.04	14.48	14.11
Current Portion of Leases	0.41	0.92	0.88	0.88	0.78	0.69
Current Unearned Revenue	3.47	0.42	1.15	3.6	0.82	1.51
Other Current Liabilities	-	-	-	-	-	0.37
Total Current Liabilities	39.69	37.62	27.41	26.6	23.62	23.4
Long-Term Debt	0.93	0.94	6.91	6.39	10.46	8.99
Long-Term Leases	0.49	0.57	1.71	2.47	2.79	3.5
Long-Term Unearned Revenue	-	-	0.03	0.07	0.11	0.14
Total Liabilities	41.11	39.13	36.06	35.53	36.98	36.04

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.01	0.01	0	0	0	0
Additional Paid-In Capital	90.38	89.61	84.05	82.93	82.45	81.92
Retained Earnings	-72.28	-70.41	-69.11	-67.74	-65.61	-64.53
Total Common Equity	18.1	19.2	14.95	15.19	16.84	17.39
Shareholders' Equity	18.1	19.2	14.95	15.19	16.84	17.39
Total Liabilities & Equity	59.22	58.33	51.01	50.72	53.81	53.43

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	30.75	30.81	27.87	25.77	28.51	27.29
Net Cash (Debt)	-30.05	-30.13	-27.11	-25.43	-28.23	-26.66
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-6.30	-7.14	-8.13	-7.76	-8.75	-8.32
Filing Date Shares Outstanding	4.85	4.78	3.69	3.32	3.26	3.22
Total Common Shares Outstanding	4.85	4.78	3.47	3.3	3.25	3.21
Working Capital	9.34	9.17	11.78	12.12	18.6	17.48
Book Value Per Share	3.73	4.02	4.30	4.60	5.18	5.41
Tangible Book Value	18.1	19.2	14.95	15.19	16.84	17.23
Tangible Book Value Per Share	3.73	4.02	4.30	4.60	5.18	5.36
Land	0.31	0.31	0.3	0.3	0.3	0.3
Buildings	2.74	2.74	2.74	2.21	1.79	1.72
Machinery	45	44.51	42.01	40.04	38.47	35.95
Leasehold Improvements	1.14	1.14	1.14	1.03	0.94	0.88
Order Backlog	-	136.8	117.9	98.3	85.7	75

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: May 13, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 28, 2026

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