AIRTP
Income statement / Annual
Last year (2024), Air T, Inc.'s total revenue was $286.83 M,
an increase of 15.98% from the previous year.
In 2024, Air T, Inc.'s net income was -$6.82 M.
See Air T, Inc.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
03/31/2024 |
03/31/2023 |
03/31/2022 |
03/31/2021 |
03/31/2020 |
03/31/2019 |
03/31/2018 |
03/31/2017 |
03/31/2016 |
03/31/2015 |
| Operating Revenue |
$286.83 M |
$247.32 M |
$177.08 M |
$175.12 M |
$236.79 M |
$249.83 M |
$194.52 M |
$148.47 M |
$148.21 M |
$112.18 M |
| Cost of Revenue |
$230.35 M
|
$198.50 M
|
$137.70 M
|
$143.45 M
|
$189.90 M
|
$203.37 M
|
$160.91 M
|
$128.32 M
|
$123.27 M
|
$95.41 M
|
| Gross Profit |
$56.49 M
|
$48.83 M
|
$39.38 M
|
$31.67 M
|
$46.89 M
|
$46.46 M
|
$33.61 M
|
$20.15 M
|
$24.94 M
|
$16.77 M
|
| Gross Profit Ratio |
0.2
|
0.2
|
0.22
|
0.18
|
0.2
|
0.19
|
0.17
|
0.14
|
0.17
|
0.15
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$195,653.00
|
$1.04 M
|
$777,942.00
|
$0.00
|
| General & Administrative Expenses |
$51.10 M
|
$45.38 M
|
$29.82 M
|
$34.26 M
|
$39.62 M
|
$38.38 M
|
$29.17 M
|
$22.18 M
|
$18.14 M
|
$14.22 M
|
| Selling & Marketing Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General & Administrative Expenses |
$51.10 M
|
$45.38 M
|
$29.82 M
|
$34.26 M
|
$39.62 M
|
$38.38 M
|
$29.17 M
|
$22.18 M
|
$18.14 M
|
$14.22 M
|
| Other Expenses |
$4.13 M
|
-$471,000.00
|
$1.22 M
|
$2.74 M
|
-$1.34 M
|
$0.00
|
-$562,500.00
|
$15,170.00
|
-$140,770.00
|
$0.00
|
| Operating Expenses |
$55.22 M
|
$45.38 M
|
$29.82 M
|
$34.26 M
|
$39.62 M
|
$38.38 M
|
$28.80 M
|
$23.22 M
|
$18.92 M
|
$14.22 M
|
| Cost And Expenses |
$285.55 M
|
$243.88 M
|
$167.51 M
|
$177.71 M
|
$229.51 M
|
$241.75 M
|
$189.71 M
|
$151.55 M
|
$142.19 M
|
$109.63 M
|
| Interest Income |
$92,000.00
|
$328,000.00
|
$227,000.00
|
$16,000.00
|
$3,000.00
|
$57,628.00
|
$1.67 M
|
$0.00
|
$0.00
|
$0.00
|
| Interest Expense |
$7.01 M
|
$7.93 M
|
$4.81 M
|
$4.35 M
|
$4.46 M
|
$3.29 M
|
$0.00
|
$571,651.00
|
$80,743.00
|
$0.00
|
| Depreciation & Amortization |
$2.80 M
|
$4.16 M
|
$1.86 M
|
$3.11 M
|
$5.68 M
|
$7.24 M
|
$2.68 M
|
$2.07 M
|
$1.11 M
|
$856,911.00
|
| EBITDA |
$5.85 M |
$1.07 M |
$20.43 M |
-$4.03 M |
$13.00 M |
$16.69 M |
$7.06 M |
-$465,690.00 |
$7.34 M |
$4.28 M |
| EBITDA Ratio |
0.02
|
0.03
|
0.07
|
0.01
|
0.04
|
0.06
|
0.04
|
0
|
0.05
|
0.02
|
| Operating Income Ratio |
0
|
0.02
|
0.05
|
-0
|
0.02
|
0.03
|
0.02
|
-0.02
|
0.04
|
0.03
|
| Total Other Income/Expenses Net |
-$5.22 M
|
-$7.47 M
|
$4.64 M
|
-$2.61 M
|
-$4.65 M
|
-$3.38 M
|
-$1.59 M
|
-$2.50 M
|
-$132,286.00
|
-$1,777.00
|
| Income Before Tax |
-$3.96 M
|
-$11.35 M
|
$13.40 M
|
-$11.78 M
|
$2.62 M
|
$4.70 M
|
$2.65 M
|
-$4.22 M
|
$6.15 M
|
$3.41 M
|
| Income Before Tax Ratio |
-0.01
|
-0.05
|
0.08
|
-0.07
|
0.01
|
0.02
|
0.01
|
-0.03
|
0.04
|
0.03
|
| Income Tax Expense |
$729,000.00
|
$432,000.00
|
$1.17 M
|
-$3.39 M
|
-$544,000.00
|
$1.50 M
|
$195,000.00
|
$725,000.00
|
$2.40 M
|
$931,000.00
|
| Net Income |
-$6.82 M
|
-$11.79 M
|
$10.93 M
|
-$8.39 M
|
$3.17 M
|
$1.34 M
|
$2.28 M
|
-$3.21 M
|
$4.94 M
|
$2.48 M
|
| Net Income Ratio |
-0.02
|
-0.05
|
0.06
|
-0.05
|
0.01
|
0.01
|
0.01
|
-0.02
|
0.03
|
0.02
|
| EPS |
-2.42 |
-4.14 |
3.79 |
-2.92 |
1.14 |
0.44 |
0.74 |
-1.01 |
1.39 |
0.7 |
| EPS Diluted |
-2.42 |
-4.14 |
3.78 |
-2.91 |
1.13 |
0.44 |
0.74 |
-1.01 |
1.37 |
0.7 |
| Weighted Average Shares Out |
$2.82 M
|
$2.85 M
|
$2.88 M
|
$2.88 M
|
$2.79 M
|
$3.05 M
|
$3.06 M
|
$3.19 M
|
$3.56 M
|
$3.54 M
|
| Weighted Average Shares Out Diluted |
$2.82 M
|
$2.85 M
|
$2.89 M
|
$2.88 M
|
$2.80 M
|
$3.06 M
|
$3.07 M
|
$3.19 M
|
$3.60 M
|
$3.57 M
|
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