# Air T Inc: overview AIRT · Nasdaq · CIK 353184 · [Industrials](/sectors/industrials.md) · fiscal year ends Mar 31 Pages: [Overview](/companies/airt.md) · [Financials](/companies/airt/financials.md) · [Filings](/companies/airt/filings.md) · [Insiders](/companies/airt/insiders.md) Latest reported revenue: [$115.5m](/filings/0000353184-26-000077.md) for Q1 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 14, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0000353184-26-000077). ## Last eight quarters | Line item | Unit | Q2 FY2025 (2024-09-30) | Q3 FY2025 (2024-12-31) | Q4 FY2025 (2025-03-31) | Q1 FY2026 (2025-06-30) | Q2 FY2026 (2025-09-30) | Q3 FY2026 (2025-12-31) | Q4 FY2026 (2026-03-31) | Q1 FY2026 (2026-06-30) | | --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | | Revenue | $m | [81.2](/filings/0000353184-25-000126.md) | [77.9](/filings/0000353184-26-000016.md) | [66.3 d](/filings/0000353184-26-000054.md) | [70.9](/filings/0000353184-26-000077.md) | [64.2](/filings/0000353184-25-000126.md) | [71.1](/filings/0000353184-26-000016.md) | [121 d](/filings/0000353184-26-000054.md) | [115](/filings/0000353184-26-000077.md) | | Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | | Operating margin | % | [4.5%](/filings/0000353184-25-000126.md) | [1.8%](/filings/0000353184-26-000016.md) | [(3.9%) d](/filings/0000353184-26-000054.md) | [1.2%](/filings/0000353184-26-000077.md) | [8.6%](/filings/0000353184-25-000126.md) | [(5.3%)](/filings/0000353184-26-000016.md) | [(11.4%) d](/filings/0000353184-26-000054.md) | [(11.1%)](/filings/0000353184-26-000077.md) | | Net margin | % | [3.1%](/filings/0000353184-25-000126.md) | [(1.7%)](/filings/0000353184-26-000016.md) | [(10.6%) d](/filings/0000353184-26-000054.md) | [(2.3%)](/filings/0000353184-26-000077.md) | [6.8%](/filings/0000353184-25-000126.md) | [(3.4%)](/filings/0000353184-26-000016.md) | [64.3% d](/filings/0000353184-26-000054.md) | [(13.7%)](/filings/0000353184-26-000077.md) | | Diluted EPS | $ per share | [0.91](/filings/0000353184-25-000126.md) | [(0.47)](/filings/0000353184-26-000016.md) | not reported | [(0.61)](/filings/0000353184-26-000077.md) | [1.61](/filings/0000353184-25-000126.md) | [(0.91)](/filings/0000353184-26-000016.md) | not reported | [(5.86)](/filings/0000353184-26-000077.md) | | Free cash flow | $m | [2.7 d](/filings/0000353184-25-000126.md) | [16.0 d](/filings/0000353184-26-000016.md) | [4.0 d](/filings/0000353184-26-000054.md) | [(1.3)](/filings/0000353184-26-000077.md) | [(5.6) d](/filings/0000353184-25-000126.md) | [(19.3) d](/filings/0000353184-26-000016.md) | [(15.3) d](/filings/0000353184-26-000054.md) | [(24.2)](/filings/0000353184-26-000077.md) | - Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure. - Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure. - Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure. - Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure. - Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted. - Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 6-month figure less the 3-month figure; 9-month figure less the 6-month figure; 12-month figure less the 9-month figure. ## Last five fiscal years | Line item | Unit | FY2022 (2022-03-31) | FY2023 (2023-03-31) | FY2024 (2024-03-31) | FY2025 (2025-03-31) | FY2026 (2026-03-31) | | --- | --- | ---: | ---: | ---: | ---: | ---: | | Revenue | $m | [177](/filings/0000353184-22-000046.md) | [247](/filings/0000353184-24-000062.md) | [287](/filings/0000353184-25-000069.md) | [292](/filings/0000353184-26-000054.md) | [327](/filings/0000353184-26-000054.md) | | Gross margin | % | not reported | not reported | not reported | not reported | not reported | | Operating margin | % | [4.9%](/filings/0000353184-23-000074.md) | [(1.8%)](/filings/0000353184-24-000062.md) | [0.4%](/filings/0000353184-25-000069.md) | [0.7%](/filings/0000353184-26-000054.md) | [(3.4%)](/filings/0000353184-26-000054.md) | | Net margin | % | [6.2%](/filings/0000353184-23-000074.md) | [(5.0%)](/filings/0000353184-24-000062.md) | [(2.4%)](/filings/0000353184-25-000069.md) | [(2.1%)](/filings/0000353184-26-000054.md) | [23.8%](/filings/0000353184-26-000054.md) | | Diluted EPS | $ per share | [3.78](/filings/0000353184-23-000074.md) | [(4.32)](/filings/0000353184-24-000062.md) | [(2.42)](/filings/0000353184-25-000069.md) | [(2.23)](/filings/0000353184-26-000054.md) | [28.85](/filings/0000353184-26-000054.md) | | Free cash flow | $m | [(34.6)](/filings/0000353184-23-000074.md) | [15.7](/filings/0000353184-24-000062.md) | [16.1](/filings/0000353184-25-000069.md) | [22.4](/filings/0000353184-26-000054.md) | [(41.5)](/filings/0000353184-26-000054.md) | - Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues. - Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues. - Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues. - Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues. - Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted. - Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing. ## Insider purchases and sales The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/airt/insiders.md) None in coverage. ## Funds that report holding it From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md) | Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before | | --- | --- | ---: | ---: | --- | --- | | [RENAISSANCE TECHNOLOGIES LLC](/funds/1037389.md) | 2026-06-30 | $2.7m | 103,411 | | Reduced −3,000 | | [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $1.1m | 42,419 | | Unchanged | | [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $827.0k | 31,206 | | Reduced −2,000 | | [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $286.6k | 11,262 | | New +11,262 | | [VANGUARD FIDUCIARY TRUST CO](/funds/933478.md) | 2026-06-30 | $123.0k | 4,833 | | Unchanged | | [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $121.5k | 4,583 | | Added +1,005 | | [ROYAL BANK OF CANADA](/funds/1000275.md) | 2026-06-30 | $69.0k | 2,600 | | New +2,600 | | [UBS Group AG](/funds/1610520.md) | 2026-06-30 | $39.8k | 1,500 | | Reduced −594 | | [CWM, LLC](/funds/1535847.md) | 2026-03-31 | $20.7k | 979 | | Not compared | | [Tower Research Capital LLC (TRC)](/funds/1533421.md) | 2026-06-30 | $17.4k | 655 | | Added +472 | ## Recent filings [All 924 filings](/companies/airt/filings.md) | Filed | Accepted | Form | What it is | Accession | | --- | --- | --- | --- | --- | | 2026-09-04 | 16:33 ET | [8-K](/filings/0000353184-26-000098.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0000353184-26-000098 | | 2026-08-28 | 16:32 ET | [8-K](/filings/0000353184-26-000095.md) | 5.07 Shareholder vote results | 0000353184-26-000095 | | 2026-08-28 | 16:31 ET | [8-K/A](/filings/0000353184-26-000094.md) | 9.01 Financial statements and exhibits | 0000353184-26-000094 | | 2026-08-26 | 16:40 ET | [8-K/A](/filings/0000353184-26-000088.md) | 9.01 Financial statements and exhibits | 0000353184-26-000088 | | 2026-08-14 | 16:52 ET | [8-K](/filings/0000353184-26-000082.md) | 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0000353184-26-000082 | | 2026-08-14 | 16:39 ET | [8-K](/filings/0000353184-26-000079.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0000353184-26-000079 | | 2026-08-14 | 16:33 ET | [10-Q](/filings/0000353184-26-000077.md) | Quarterly report, period 2026-06-30 | 0000353184-26-000077 | | 2026-07-17 | 16:52 ET | [SCHEDULE 13D/A](/filings/0000897069-26-001520.md) | Ownership report, active investor, amended | 0000897069-26-001520 | | 2026-07-10 | 16:31 ET | [8-K](/filings/0000353184-26-000070.md) | 1.01 Entry into a material agreement; 8.01 Other events | 0000353184-26-000070 | | 2026-07-10 | 15:39 ET | [DEF 14A](/filings/0000353184-26-000064.md) | Proxy statement, period 2026-03-31 | 0000353184-26-000064 | ## Latest annual report [Form 10-K for the fiscal year ended Mar 31, 2026](/filings/0000353184-26-000054.md), filed Jun 29, 2026. ## Forecast league Q2 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/ad3da875-7685-4644-91f6-9b6a159b1252) ## About the filer - CIK: 353184 - Tickers: AIRT, AIRTP - Exchange: Nasdaq - SIC code: 4513 Air Courier Services - State of incorporation: DE - Filer category: Non-accelerated filer
Smaller reporting company Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:22 ET. No prices; not investment advice.