Income Statement

AIR T INC

AIRT
Annual
Performance Overview Click any row in the table to add it to this chart
in millions USD
Metric Mar 31, 2025 2024 FY Mar 31, 2024 2023 FY Mar 31, 2023 2022 FY Mar 31, 2022 2021 FY Mar 31, 2021 2020 FY Mar 31, 2020 2019 FY Mar 31, 2019 2018 FY Mar 31, 2018 2017 FY Mar 31, 2017 2016 FY Mar 31, 2016 2015 FY Mar 31, 2015 2014 FY Mar 31, 2014 2013 FY Mar 31, 2013 2012 FY Mar 31, 2012 2011 FY
Revenue
291.85 286.83 247.32 177.08 175.12 236.79 249.83 194.52 148.47 148.21 112.18 100.77 103.06 89.38
Cost of Revenue
33.99 98.03 - 65.69 58.35 - - - - - - - - -
Gross Profit
257.86 188.81 247.32 111.38 116.77 236.79 249.83 194.52 148.47 148.21 112.18 100.77 103.06 89.38
Operating Expenses
57.85 285.57 251.73 168.32 184.30 229.49 241.77 190.27 151.57 142.18 108.76 98.14 100.34 87.31
Research & Development
- - - - - - - 0.20 1.04 0.78 - - - -
Selling, General & Administrative
57.85 51.10 45.38 29.82 34.26 39.62 38.38 29.17 22.18 18.14 14.22 12.84 12.46 11.34
Other Operating Expenses
- - - - - - - - - - - - - -
Operating Income
200.01 -96.76 -4.41 -56.94 -67.53 7.29 8.06 4.25 -3.10 6.03 3.42 2.63 2.73 2.07
Non-Operating Income
-6.90 -5.22 -0.02 4.64 -2.61 6.30 -0.22 -0.74 -0.36 0.12 0.00 0.03 0.00 0.02
Interest Income
0.38 0.09 0.33 0.23 0.02 0.00 0.06 - - - - - 0.00 0.03
Interest Expense
8.39 6.92 7.94 4.95 4.62 4.69 3.43 0.67 0.42 0.08 - - - 0.01
Other Non-Op Income / Expense
1.70 1.69 3.10 0.04 0.40 1.50 0.34 -1.72 -0.57 0.07 -0.01 0.02 - -
Income Before Tax
-4.99 -3.96 -11.35 13.40 -11.78 2.62 4.70 2.65 -4.22 6.15 - - - -
Income Tax Expense
1.15 2.86 0.94 2.47 -4.50 -5.03 3.36 0.37 -3.09 1.21 0.93 1.19 1.06 0.75
Non-Controlling Interest
0.73 2.14 0.51 1.30 -1.11 3.58 1.86 0.18 -1.73 -1.19 - - - -
Net Income
-6.14 -6.82 -12.30 10.93 -7.28 7.66 1.34 2.28 -3.21 4.94 2.48 1.47 1.67 1.35
Supplemental Per share data, derived & other items — not part of the income statement
in millions USD unless noted
Metric Mar 31, 2025 2024 FY Mar 31, 2024 2023 FY Mar 31, 2023 2022 FY Mar 31, 2022 2021 FY Mar 31, 2021 2020 FY Mar 31, 2020 2019 FY Mar 31, 2019 2018 FY Mar 31, 2018 2017 FY Mar 31, 2017 2016 FY Mar 31, 2016 2015 FY Mar 31, 2015 2014 FY Mar 31, 2014 2013 FY Mar 31, 2013 2012 FY Mar 31, 2012 2011 FY
Depreciation & Amortization
- - - - - - - - - - - - - -
EBITDA
204.36 -93.97 -0.25 -55.08 -64.42 12.97 15.75 4.25 -3.10 6.03 4.27 3.38 3.26 2.35
Earnings Per Share (Basic)
-2.23 -2.42 -4.32 3.79 -2.53 2.74 0.66 1.11 -1.51 2.08 1.05 0.61 0.68 0.55
Diluted EPS
-2.23 -2.42 -4.32 3.78 -2.53 2.73 0.66 1.11 -1.51 2.06 1.04 0.60 0.68 0.55
Weighted Average Shares
2.75 2.82 2.85 2.88 2.88 2.79 2.03 2.04 2.13 2.37 2.36 2.41 2.45 2.44
Diluted Weighted Avg Shares
2.75 2.82 2.85 2.89 2.88 2.80 2.04 2.05 2.13 2.40 2.38 2.43 2.45 2.45
Comprehensive Income
-6.71 -7.72 -11.22 11.35 -7.44 7.32 1.29 2.23 -3.29 4.96 2.36 1.46 - -