Air T, Inc. (AIRT)

Air T Balance Sheet

Financials in millions USD. Fiscal year is April - March.

Assets

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Equivalents	16.67	20.33	5.93	7.1	5.81	5.62
Short-Term Investments	1.25	1.03	0.42	0.53	-	0.86
Cash & Short-Term Investments	17.91	21.36	6.35	7.63	5.81	6.48
Cash Growth	19.87%	236.13%	-16.73%	31.43%	-10.33%	-47.80%
Accounts Receivable	33.3	39.89	23.92	22.91	27.22	28.82
Other Receivables	0.68	0.2	0.68	3.65	2.26	3.23
Receivables	33.98	40.09	24.6	26.57	29.48	32.05
Inventory	90.06	77.13	38.52	60.72	71.13	75.17
Prepaid Expenses	6.71	8.85	3.1	2.35	2.5	-
Restricted Cash	4.99	4.94	0.58	0.74	1.28	2.75
Other Current Assets	4.48	7.62	5.36	4.87	6.36	11.8
Total Current Assets	158.12	159.98	78.51	102.88	116.56	128.24
Property, Plant & Equipment	192.57	176.62	48.22	32.49	33.19	43.08
Long-Term Investments	36.15	35.35	19	16.65	13.23	9.86
Goodwill	19.59	11.82	10.54	10.54	10.56	10.13
Other Intangible Assets	57.08	13.03	10.02	10.98	12.1	13.26
Long-Term Deferred Tax Assets	0.27	-	-	-	-	-
Other Long-Term Assets	5.29	7.57	1.64	3.63	3.92	3.03
Total Assets	469.06	409.12	173.78	177.17	189.56	207.6

Liabilities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Accounts Payable	41.02	36.97	17.78	15.07	10.45	9.4
Accrued Expenses	55.77	23.73	10.17	7.63	6.42	10.44
Current Portion of Long-Term Debt	9.05	4.55	10.38	14.36	38.74	6.48
Current Portion of Leases	3.89	3.4	2.38	1.76	1.66	1.44
Current Income Taxes Payable	0.98	0.69	-	-	0.3	0.19
Current Unearned Revenue	-	22.15	3.69	2.96	2.44	-
Other Current Liabilities	-	4.03	3.27	5.06	4.27	2.95
Total Current Liabilities	110.69	95.52	47.66	46.84	64.29	30.91
Long-Term Debt	237.29	204.56	104.51	98.57	86.35	129.33
Long-Term Leases	14.55	12.19	11.84	10.52	10.77	6.73
Long-Term Deferred Tax Liabilities	9.33	3.36	2.25	2.45	2.42	2.81
Other Long-Term Liabilities	14.04	2.27	1.98	-	0.05	1.34
Total Liabilities	385.91	317.9	168.24	158.37	163.87	171.12

Shareholders' Equity

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Common Stock	0.76	0.76	0.76	0.76	0.76	0.76
Additional Paid-In Capital	1.69	1.12	0.95	0.86	0.73	0.39
Retained Earnings	64.3	80.11	2.13	8.19	13.69	26.73
Treasury Stock	-6.65	-6.43	-6.4	-4.96	-4.08	-3
Comprehensive Income & Other	5.1	4.25	-0.65	-0.08	0.82	-0.26
Total Common Equity	65.2	79.81	-3.22	4.77	11.9	24.61
Minority Interest	17.96	11.41	8.75	14.03	13.79	11.87
Shareholders' Equity	83.16	91.22	5.54	18.8	25.69	36.48
Total Liabilities & Equity	469.06	409.12	173.78	177.17	189.56	207.6

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Total Debt	264.78	224.7	129.12	125.2	137.52	143.99
Net Cash (Debt)	-246.86	-203.35	-122.76	-117.57	-131.71	-137.51
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-91.39	-75.23	-44.64	-41.75	-46.26	-47.61
Filing Date Shares Outstanding	2.68	2.7	2.7	2.76	2.82	2.87
Total Common Shares Outstanding	2.69	2.7	2.7	2.78	2.82	2.87
Working Capital	47.43	64.45	30.85	56.04	52.27	97.34
Book Value Per Share	24.22	29.54	-1.19	1.72	4.22	8.59
Tangible Book Value	-11.48	54.96	-23.78	-16.75	-10.76	1.23
Tangible Book Value Per Share	-4.26	20.35	-8.80	-6.03	-3.82	0.43
Land	-	27.35	13.85	13.85	-	-
Buildings	-	-	-	-	13.85	13.85
Machinery	-	144.24	7.28	7.06	6.55	6.47
Leasehold Improvements	-	9.01	8.39	7.66	7.67	6.3
Order Backlog	-	0.6	14.3	12.6	13.6	14

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Jun 29, 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 25, 2026

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