Air Industries Group (AIRI) Financial Statements
Industry: Aircraft Parts & Auxiliary Equipment (Other)
In fiscal 2025, Air Industries reported revenue of $47.9M, down 13.0% from $55.1M the year before. Net income was -$1.3M (a -2.7% net margin), or -$0.31 per diluted share. Gross margin was 17.1% and operating margin was -0.7%. Operating activities generated -$1.4M of cash, leaving -$4.7M of free cash flow. At fiscal year end, Air Industries held $58.3M in total assets against $39.1M in total liabilities.
Open the full interactive Air Industries financials → Quarterly statements, key ratios, valuation history and price charts.
Air Industries Key Stats
| Share Price | $2.52 |
|---|---|
| Market Cap | $12.1M |
| Revenue YoY Growth | -13.0% |
| 52-Week Range | $2.32 – $3.54 |
| Shares Outstanding | 4.8 million (basic, 2026 Q2) |
Air Industries Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $50.1M | $58.9M | $53.2M | $51.5M | $55.1M | $47.9M |
| Cost of Goods Sold | $91,000 | $135,000 | $45.8M | $44.1M | — | — |
| Gross Profit | $6.5M | $10.3M | $7.5M | $7.4M | $8.9M | $8.2M |
| Operating Income | -$1.4M | $2.5M | -$194,000 | -$295,000 | $459,000 | -$338,000 |
| Pre-Tax Income | -$86,000 | $1.6M | -$1.1M | -$2.1M | -$1.4M | -$1.4M |
| Income Tax | -$1.4M | — | — | — | — | -$131,000 |
| Net Income | $1.1M | $1.6M | -$1.1M | -$2.1M | -$1.4M | -$1.3M |
| Diluted EPS | $0.30 | $0.50 | -$0.33 | -$0.65 | -$0.41 | -$0.31 |
Air Industries Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $10.3M | $12.8M | $11.6M | $12.0M |
| Net Income | -$44,000 | $149,000 | -$1.0M | -$846,000 |
| Diluted EPS | -$0.01 | $0.04 | -$0.21 | -$0.18 |
Air Industries Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.5M | $627,000 | $281,000 | $346,000 | — | — |
| Current Assets | $43.6M | $40.9M | $42.2M | $38.7M | $39.2M | $46.8M |
| Total Assets | $57.8M | $53.4M | $53.8M | $50.7M | $51.0M | $58.3M |
| Current Liabilities | $27.3M | $23.4M | $23.6M | $26.6M | $27.4M | $37.6M |
| Total Long-Term Debt | $4.8M | $9.3M | $3.2M | $17.1M | $20.1M | $25.2M |
| Total Liabilities | $42.7M | $36.0M | $37.0M | $35.5M | $36.1M | $39.1M |
| Shareholders' Equity | $15.1M | $17.4M | $16.8M | $15.2M | $14.9M | $19.2M |
Air Industries Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$1.5M | $4.1M | $448,000 | $4.9M | $324,000 | -$1.4M |
| Cash From Investing | -$3.8M | -$1.4M | -$2.4M | -$2.1M | -$2.3M | -$3.1M |
| Cash From Financing | $6.5M | -$4.6M | $1.6M | -$2.7M | $2.4M | $8.3M |
| Free Cash Flow | -$5.3M | $2.7M | -$1.9M | $2.7M | -$2.0M | -$4.7M |
Figures from Air Industries' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Air Industries financials page for every line item.
Air Industries Company Profile
| Ticker | AIRI |
|---|---|
| Exchange | NYSE |
| Industry | Aircraft Parts & Auxiliary Equipment (Other) |
| Headquarters | Bay Shore, New York |
| Incorporated in | Nevada |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001009891 |
Frequently Asked Questions
What was Air Industries' revenue in fiscal 2025?
Air Industries (AIRI) reported revenue of $47.9M for fiscal 2025.
What is Air Industries' annual revenue history?
Air Industries' annual revenue by fiscal year: 2020: $50.1M; 2021: $58.9M; 2022: $53.2M; 2023: $51.5M; 2024: $55.1M; 2025: $47.9M.
What was Air Industries' net income in fiscal 2025?
Air Industries reported net income of -$1.3M for fiscal 2025.
What was Air Industries' earnings per share (EPS) in fiscal 2025?
Air Industries' diluted EPS was -$0.31 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Air Industries generate in fiscal 2025?
Air Industries generated -$4.7M of free cash flow in fiscal 2025.
What was Air Industries' revenue last quarter?
In its most recent reported quarter (2026 Q2), Air Industries reported revenue of $12.0M.
How much debt does Air Industries have?
Air Industries reported $25.2M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Air Industries are outstanding?
Air Industries reported a weighted average of 4.8 million basic shares outstanding in 2026 Q2.
What is Air Industries' market cap?
Based on its latest closing price, Air Industries (AIRI) has a market capitalization of about $12.1M.
When does Air Industries' fiscal year end?
Air Industries' fiscal year end, as registered with the SEC, is December 31.
Where is Air Industries headquartered?
Air Industries lists its business address in Bay Shore, New York in its SEC filings.