AIR Industries Group balance sheet

At the end of fiscal 2025, AIR Industries Group had total assets of $58.3m, total liabilities of $39.1m and shareholders' equity of $19.2m. It held $4.6m in cash against $25.2m of debt: net debt of $20.6m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

AIR Industries Group: balance sheet, annual
Fiscal year	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash and equivalents	1	0	1	1	1	1	1	2	1	3	1	0	0	1	5	5
Receivables	—	—	—	—	—	—	—	—	—	—	—	9	8	9	7	—
Inventory	23	27	26	29	37	33	31	29	29	32	30	32	30	29	34	37
Total current assets	29	40	37	44	56	62	48	38	38	44	41	42	39	39	47	49
Goodwill	0	0	0	5	11	6	0	0	0	0	0	—	—	—	—	—
Total assets	37	53	50	66	88	83	61	48	51	58	53	54	51	51	58	59
Accounts payable	7	6	5	6	10	12	9	7	7	7	5	—	—	—	—	—
Total current liabilities	22	28	24	28	54	53	38	29	33	27	23	24	27	27	38	40
Short-term debt	14	19	15	20	41	33	23	19	—	16	14	14	16	18	24	24
Long-term debt	9	5	3	8	4	3	3	6	3	11	9	5	1	2	2	1
Total debt	14	19	15	20	41	36	27	25	19	27	23	32	28	20	25	26
Total liabilities	32	34	29	38	59	58	43	36	41	43	36	37	36	36	39	41
Shareholders' equity	5	19	22	28	29	25	18	12	10	15	17	17	15	15	19	18
Net debt (negative = net cash)	13	19	14	18	40	35	26	23	18	25	23	32	28	19	21	21
Shares outstanding	—	—	—	—	—	—	—	—	—	—	3m	3m	3m	3m	5m	5m

US$ millions unless shown otherwise. Fiscal quarters.

AIR Industries Group: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Receivables	7	9	7	7	—	7	—	—
Inventory	31	29	29	30	34	34	35	37
Total current assets	39	39	36	38	46	47	48	49
Total assets	50	51	48	50	58	58	59	59
Total current liabilities	27	27	26	28	38	38	39	40
Short-term debt	17	18	18	19	22	24	25	24
Long-term debt	2	2	2	2	2	2	1	1
Total debt	19	20	20	20	24	25	27	26
Total liabilities	36	36	33	35	39	39	40	41
Shareholders' equity	15	15	15	15	19	19	19	18
Shares outstanding	3m	3m	4m	4m	5m	5m	5m	5m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from AIR Industries Group's SEC filings (10-K and 10-Q), retrieved October 31, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to AIR Industries Group.