AIR T INC
For the period ended Jun 30, 2026. Filed Aug 14, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 14, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Equity (Unaudited) For The and
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY
| (In Thousands) · Common Stock · Treasury Stock | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Shares | Amount | Shares | Amount | AdditionalPaid-InCapital | RetainedEarnings | Accumulated Other Comprehensive Income (Loss) | Non-controllingInterests1 | TotalEquity | |
| Balance, March 31, 2026 | 3,030 | $758 | 329 | $(6,432) | $1,122 | $80,113 | $4,249 | $1,065 | $80,875 |
| Net (loss) income1 | — | — | — | — | — | (15,809) | — | 1 | (15,808) |
| Contributions from non-controlling interests | — | — | — | — | — | — | — | 564 | 564 |
| Repurchase of common stock | — | — | 10 | (216) | — | — | — | — | (216) |
| Stock compensation expense | — | — | — | — | 47 | — | — | — | 47 |
| Foreign currency translation gain2 | — | — | — | — | — | — | 832 | — | 832 |
| Unrealized gain on interest rate swaps | — | — | — | — | — | — | 57 | — | 57 |
| Reclassification of interest rate swaps into earnings | — | — | — | — | — | — | 12 | — | 12 |
| Allocation of comprehensive loss from unconsolidated investments | — | — | — | — | — | — | (83) | — | (83) |
| Allocation of comprehensive income to redeemable non-controlling interests | — | — | — | — | — | — | 32 | — | 32 |
| ATA 25.1 warrants | — | — | — | — | — | — | — | 37 | 37 |
| Redemptions of redeemable non-controlling interests | — | — | — | — | 518 | — | — | — | 518 |
| Balance, June 30, 2026 | 3,030 | $758 | 339 | $(6,648) | $1,687 | $64,304 | $5,099 | $1,667 | $66,867 | |
|---|---|---|---|---|---|---|---|---|---|---|
| (In Thousands) | Common Stock | Treasury Stock | ||||||||
| Shares · Amount · Shares · Amount · AdditionalPaid-InCapital · RetainedEarnings · Accumulated Other Comprehensive Income (Loss) · Non-controllingInterests1 · TotalEquity | ||||||||||
| Balance, March 31, 2025 | 3,030 | $758 | 328 | $(6,404) | $947 | $2,130 | $(647) | $1,698 | $(1,518) | |
| Net (loss) income1 | — | — | — | — | — | (1,636) | — | 52 | (1,584) | |
| Distributions to non-controlling interests | — | — | — | — | — | — | — | (38) | (38) | |
| Stock compensation expense | — | — | — | — | 40 | — | — | — | 40 | |
| Foreign currency translation gain2 | — | — | — | — | — | — | 413 | — | 413 | |
| Reclassification of interest rate swaps into earnings | — | — | — | — | — | — | 12 | — | 12 | |
| Allocation of comprehensive income from unconsolidated investments | — | — | — | — | — | — | 5 | — | 5 | |
| Allocation of comprehensive loss to redeemable non-controlling interests | — | — | — | — | — | — | (248) | — | (248) | |
| Balance, June 30, 2025 | 3,030 | $758 | 328 | $(6,404) | $987 | $494 | $(465) | $1,712 | $(2,918) | |
(1)Excludes amount attributable to redeemable non-controlling interests in Contrail Aviation Support, LLC ("Contrail") and Shanwick B.V. ("Shanwick")
(2) Cumulative translation adjustments were at a loss of $0.4 million and a gain of $0.1 million as of March 31, 2025 and June 30, 2025, respectively, and a gain of $4.5 million and $5.3 million as of March 31, 2026 and June 30, 2026, respectively.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
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