AIR Industries Group income statement
In fiscal 2025, AIR Industries Group reported revenue of $47.9m, down 13.0% on the year before, operating income of −$338,000 (a -0.7% margin) and net income of −$1.3m, or −$0.31 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 54 | 64 | 63 | 64 | 80 | 51 | 50 | 45 | 55 | 50 | 59 | 53 | 52 | 55 | 48 | 47 |
| Cost of revenue | 43 | 49 | 48 | 50 | 63 | 47 | 45 | 39 | 45 | 44 | 49 | 46 | 44 | 46 | 40 | 38 |
| Gross profit | 11 | 15 | 15 | 14 | 17 | 4 | 5 | 5 | 9 | 7 | 10 | 7 | 7 | 9 | 8 | 9 |
| Operating income | 4 | 6 | 5 | 2 | 1 | −10 | −13 | −5 | 0 | −1 | 2 | −0 | −0 | 0 | −0 | −1 |
| Interest expense | — | — | — | — | — | — | — | — | — | — | 1 | 1 | 1 | 1 | 1 | 2 |
| Income before tax | — | — | — | — | — | — | −16 | −9 | −3 | −0 | 2 | −1 | −2 | −1 | −1 | −2 |
| Income tax | 0 | 1 | −0 | −0 | −0 | 2 | −0 | 0 | 0 | −1 | — | — | — | — | −0 | — |
| Net income | 2 | 3 | 4 | 1 | −1 | −16 | −23 | −11 | −3 | 1 | 2 | −1 | −2 | −1 | −1 | −2 |
| Diluted EPS | $3.15 | $2.70 | $3.15 | $0.50 | −$0.55 | −$10.30 | — | — | — | $0.50 | $0.45 | −$0.33 | −$0.65 | −$0.41 | −$0.31 | −$0.37 |
| Diluted shares (average) | — | — | 1m | 1m | 1m | 2m | 3m | 3m | 3m | 4m | 4m | 3m | 3m | 3m | 4m | 5m |
| EBITDA | 6 | 8 | 6 | 4 | 4 | −7 | −10 | −2 | 3 | 1 | 5 | 2 | 2 | 3 | 2 | 2 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 13 | 15 | 12 | 13 | 10 | 13 | 12 | 12 |
| Cost of revenue | 11 | 12 | 10 | 11 | 8 | 11 | 9 | 10 |
| Gross profit | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 2 |
| Operating income | 0 | −0 | −1 | 0 | 0 | 0 | −1 | −0 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income before tax | −0 | −1 | −1 | −0 | −0 | 0 | −1 | −1 |
| Income tax | — | — | — | — | — | — | — | 0 |
| Net income | −0 | −1 | −1 | −0 | −0 | 0 | −1 | −1 |
| Diluted EPS | −$0.12 | −$0.17 | −$0.27 | −$0.11 | −$0.01 | $0.05 | −$0.21 | −$0.18 |
| EBITDA | 1 | 0 | −0 | 1 | 1 | 1 | 0 | 0 |
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