AIR T INC

For the period ended Mar 31, 2026. Filed Jun 29, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2026 · Filed Jun 29, 2026

AIRT$29.08+1.4%Stored close · as of Nov 10, 2026

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Contents

Consolidated Balance Sheets as of and

CONSOLIDATED BALANCE SHEETS

(In thousands, except per share data)	March 31, 2026	March 31, 2025
ASSETS
Current Assets:
Cash and cash equivalents	$20,332	$5,932
Marketable securities	1,026	422
Restricted cash	4,938	575
Restricted investments	—	683
Accounts receivable, net of allowance for doubtful accounts of $1,614 and $1,338	39,889	23,917
Income tax receivable	196	681
Inventories, net	77,127	38,516
Prepaid expenses	8,851	3,103
Other current assets	7,617	4,678
Total Current Assets	159,976	78,507
Non-current notes receivable - CAM	1,160	2,500
Non-current notes receivable - Bloomia	3,600	3,350
Debt investment (Note 9)	9,286	—
Assets on lease or held for lease, net of accumulated depreciation of $60 and $1,451	—	14,662
Property and equipment, net of accumulated depreciation of $18,571 and $9,240	162,024	20,285
Intangible assets, net of accumulated amortization of $8,046 and $6,330	13,029	10,020
Right-of-use ("ROU") assets	14,594	13,274
Equity method investments	26,068	19,003
Goodwill	11,818	10,542
Other assets	7,568	1,635
Total Assets	$409,123	$173,778
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable	$36,971	$17,782
Income tax payable	687	—
Accrued expenses and other (Note 11)	49,717	16,691
Current portion of long-term debt	3,633	9,099
Current portion of long-term debt - related party (Note 13)	915	1,282
Current portion of earnout liability	198	430
Short-term lease liability	3,403	2,377
Total Current Liabilities	95,524	47,661
Long-term debt	204,563	101,226
Long-term debt - related party (Note 13)	—	3,288
Deferred income tax liabilities, net	3,359	2,249
Long-term lease liability	12,189	11,843
Long-term earnout liability	244	1,109
Other non-current liabilities	2,023	866
Total Liabilities	317,902	168,242
Redeemable non-controlling interests	10,346	7,054
Commitments and contingencies (Note 22)
Equity (Deficit):
Air T, Inc. Stockholders' (Deficit) Equity:
Preferred stock, $1.00 par value, 4,000,000 and 2,000,000 shares authorized	—	—
Common stock, $0.25 par value; 4,000,000 shares authorized, 3,030,245 and 3,030,245 shares issued, 2,701,375 and 2,702,639 shares outstanding	758	758
Treasury stock, 328,870 shares at $19.56 and 327,606 shares at $19.55	(6,432)	(6,404)
Additional paid-in capital	1,122	947
Retained earnings	80,113	2,130
Accumulated other comprehensive income (loss)	4,249	(647)
Total Air T, Inc. Stockholders' Equity (Deficit)	79,810	(3,216)
Non-controlling Interests	1,065	1,698
Total Equity (Deficit)	80,875	(1,518)
Total Liabilities and Equity	$409,123	$173,778

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.