# Air T, Inc. (AIRT) · Edgar & Edgarette company card

> Air T (AIRT) grew revenue 12.1% in FY2026 to $327 million, operating margin -3.4% against a 2.4% median for air courier services, equity 19.5% of assets, and dividend per share up 1 year running. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 353184 · fiscal year ended 2026-03-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/AIRT) · [JSON](https://www.pops4.com/boards/company/AIRT.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $327M |
| Revenue growth, 1 year | 12.1% |
| Revenue growth per year | 16.6% |
| Operating margin | -3.4% (prior year 0.7%) |
| Net margin | 25.9% |
| Operating cash flow | −$25M |
| Capital spending | $16M |
| Free cash flow | −$42M |
| Cash | $20M |
| Long-term debt | $208M |
| Total assets | $409M |
| Total equity | $80M |
| Equity ÷ assets | 19.5% |
| Return on equity | 106.1% |
| Dividend per share | $0.3 |
| Dividend years rising | 1 |

## Readings, computed from those figures

- Altman Z: 1.75 (grey zone)
- Piotroski F: 5 of 9 (middling)
- Health Harbor boat: Old boat · three warning signs · liabilities exceed assets (often from years of share buybacks, not always distress); operating cash flow was negative; operating loss: a margin of -3.4% in FY2026
- Cash Compass: Fast, cash not yet · growing fast, but little cash arriving so far

## Edgarette's reading

Exposure: revenue $327.1M (FY2026), total debt $208.2M. Experience: revenue up 12.1% on the year, up 16.6% a year over 4 years; operating margin -3.4%, down from 0.7%. Soundness: equity 19.5% of assets, return on equity 106.1%, dividend per share up 1 year running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $292.5M and $433.1M next year (method v4.1: its own 5-year record of growth weighed at 57% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $264.9M to $480.2M. A statistical range, not company guidance. Against peers (12 filers, $50M+ revenue, its industry group): operating margin -3.4% against a 2.4% median; growth 12.1% against 3.6%.

Range logged 2026-09-25, receipt b65da57178f1dd59, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 3, latest 2026-03-10 ([filing](https://www.sec.gov/Archives/edgar/data/353184/000035318426000034/0000353184-26-000034-index.htm))

## Recent filings

- 8-K · filed 2026-09-04 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/353184/000035318426000098/0000353184-26-000098-index.htm)
- 8-K · filed 2026-08-28 · 5.07 Submission of Matters to a Vote of Security Holders · [filing](https://www.sec.gov/Archives/edgar/data/353184/000035318426000095/0000353184-26-000095-index.htm)
- 8-K · filed 2026-08-14 · 7.01 Regulation FD Disclosure; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/353184/000035318426000082/0000353184-26-000082-index.htm)
- 8-K · filed 2026-08-14 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/353184/000035318426000079/0000353184-26-000079-index.htm)
- 10-Q · filed 2026-08-14 · [filing](https://www.sec.gov/Archives/edgar/data/353184/000035318426000077/0000353184-26-000077-index.htm)
- 8-K · filed 2026-07-10 · 1.01 Entry into a Material Definitive Agreement; 8.01 Other Events · [filing](https://www.sec.gov/Archives/edgar/data/353184/000035318426000070/0000353184-26-000070-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000353184.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=353184

## Cite

POPS4, Edgar & Edgarette: Air T, Inc. (AIRT) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/AIRT. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.