Air Industries Group (AIRI) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 11.61M | 12.81M | 10.31M | 12.66M | 12.13M | 14.92M | 12.55M | 13.57M | 14.06M | 13.47M | 12.29M | 13.21M | 12.55M | 13.89M | 13.28M | 14.01M | 12.06M | 15.42M | 14.35M | 15.45M |
| Revenue Growth % | -4.36% | -14.14% | -17.89% | -6.73% | -13.7% | 10.77% | 2.13% | 2.78% | 12.05% | -3.03% | -7.42% | -5.73% | 4.04% | -9.92% | -7.5% | -9.35% | -12.03% | 6.39% | 5.07% | 81.93% |
| Cost of Goods Sold | 9.17M | 10.98M | 8.01M | 10.63M | 10.1M | 12.48M | 10.61M | 10.93M | 12.15M | 11.32M | 11.06M | 11.04M | 10.67M | 13.32M | 11.04M | 11.59M | 9.98M | 11.58M | 12.34M | 12.85M |
| COGS % of Revenue | 79.03% | 85.71% | 77.74% | 83.98% | 83.24% | 83.64% | 84.54% | 80.52% | 86.44% | 84.04% | 90.01% | 83.57% | 85.02% | 95.91% | 83.11% | 82.71% | 82.77% | 75.1% | 85.97% | 83.16% |
| Gross Profit | 2.43M | 1.83M | 2.29M | 2.03M | 2.03M | 2.44M | 1.94M | 2.64M | 1.91M | 2.15M | 1.23M | 2.17M | 1.88M | 568K | 2.24M | 2.42M | 2.08M | 3.84M | 2.01M | 2.6M |
| Gross Margin % | 20.97% | 14.29% | 22.26% | 16.02% | 16.76% | 16.36% | 15.46% | 19.48% | 13.56% | 15.96% | 9.99% | 16.43% | 14.98% | 4.09% | 16.89% | 17.29% | 17.23% | 24.9% | 14.03% | 16.84% |
| Gross Profit Growth % | 19.67% | -25.03% | 18.24% | -23.3% | 6.72% | 13.53% | 58.06% | 21.84% | 1.38% | 278.52% | -45.23% | -10.4% | -9.53% | -85.2% | 11.32% | -6.95% | 15.64% | 97.38% | 21.62% | 323.94% |
| Operating Expenses | 3M | 1.75M | 1.98M | 2.02M | 2.78M | 2.54M | 1.87M | 1.89M | 2.17M | 1.56M | 2.02M | 2.1M | 2.04M | 1.39M | 2.07M | 2.17M | 1.87M | 2M | 1.84M | 2.16M |
| OpEx % of Revenue | 25.84% | 13.63% | 19.2% | 15.96% | 22.91% | 17.04% | 14.93% | 13.94% | 15.4% | 11.6% | 16.46% | 15.89% | 16.24% | 9.99% | 15.61% | 15.51% | 15.51% | 12.94% | 12.8% | 14% |
| Selling, General & Admin | 3M | 0 | 0 | 0 | 0 | 2.54M | 0 | 0 | 0 | 1.56M | 0 | 0 | 0 | 1.39M | 0 | 0 | 0 | 2M | 0 | 2.04M |
| SG&A % of Revenue | 25.84% | - | - | - | - | 17.04% | - | - | - | 11.6% | - | - | - | 9.99% | - | - | - | 12.97% | - | 13.21% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 1000K | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 0 | 1000K | 132K |
| Operating Income | -565K | 84K | 316K | 8K | -746K | -101K | 67K | 752K | -259K | 587K | -796K | 72K | -158K | -820K | 169K | 250K | 207K | 1.84M | 177K | 440K |
| Operating Margin % | -4.87% | 0.66% | 3.07% | 0.06% | -6.15% | -0.68% | 0.53% | 5.54% | -1.84% | 4.36% | -6.48% | 0.55% | -1.26% | -5.9% | 1.27% | 1.78% | 1.72% | 11.95% | 1.23% | 2.85% |
| Operating Income Growth % | 24.26% | 183.17% | 371.64% | -98.94% | -188.03% | -117.21% | 108.42% | 944.44% | -63.92% | 171.59% | -571.01% | -71.2% | -176.33% | -144.49% | -4.52% | -43.18% | 666.67% | 959.2% | 173.75% | 134.06% |
| EBITDA | 314K | 981K | 1.15M | 839K | 65K | 662K | 798K | 1.46M | 468K | 1.24M | -28K | 843K | 605K | -62K | 905K | 1.03M | 1M | 2.67M | 989K | 1.27M |
| EBITDA Margin % | 2.71% | 7.66% | 11.15% | 6.63% | 0.54% | 4.44% | 6.36% | 10.72% | 3.33% | 9.24% | -0.23% | 6.38% | 4.82% | -0.45% | 6.82% | 7.33% | 8.32% | 17.31% | 6.89% | 8.19% |
| EBITDA Growth % | 383.08% | 48.19% | 43.98% | -42.34% | -86.11% | -46.78% | 2950% | 72.6% | -22.64% | 2106.45% | -103.09% | -17.92% | -39.68% | -102.32% | -8.49% | -18.88% | 16.9% | 183.94% | 124.26% | 372.26% |
| D&A (Non-Cash Add-back) | 879K | 897K | 833K | 831K | 811K | 763K | 731K | 703K | 727K | 657K | 768K | 771K | 763K | 758K | 736K | 777K | 796K | 826K | 812K | 826K |
| EBIT | -565K | 505K | 422K | 24K | -544K | -79K | 78K | 772K | -244K | 629K | -783K | 85K | -142K | -496K | 181K | 282K | 295K | 1.91M | 265K | 572K |
| Net Interest Income | -493K | -487K | -466K | -446K | -444K | -475K | -482K | -474K | -462K | -448K | -516K | -480K | -476K | -403K | -323K | -289K | -323K | -304K | -331K | -333K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 493K | 487K | 466K | 446K | 444K | 475K | 482K | 474K | 462K | 448K | 516K | 480K | 476K | 403K | 323K | 289K | 323K | 304K | 331K | 333K |
| Other Income/Expense | -455K | -66K | -360K | -430K | -242K | -453K | -471K | -454K | -447K | -406K | -503K | -467K | -460K | -79K | -311K | -257K | -235K | -237K | -243K | -201K |
| Pretax Income | -1.02M | 18K | -44K | -422K | -988K | -554K | -404K | 298K | -706K | 181K | -1.3M | -395K | -618K | -899K | -142K | -7K | -28K | 1.61M | -66K | 239K |
| Pretax Margin % | -8.79% | 0.14% | -0.43% | -3.33% | -8.14% | -3.71% | -3.22% | 2.2% | -5.02% | 1.34% | -10.57% | -2.99% | -4.92% | -6.47% | -1.07% | -0.05% | -0.23% | 10.42% | -0.46% | 1.55% |
| Income Tax | 0 | -131K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | -727.78% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -1.02M | 149K | -44K | -422K | -988K | -554K | -404K | 298K | -706K | 181K | -1.3M | -395K | -618K | -899K | -142K | -7K | -28K | 1.61M | -66K | 239K |
| Net Margin % | -8.79% | 1.16% | -0.43% | -3.33% | -8.14% | -3.71% | -3.22% | 2.2% | -5.02% | 1.34% | -10.57% | -2.99% | -4.92% | -6.47% | -1.07% | -0.05% | -0.23% | 10.42% | -0.46% | 1.55% |
| Net Income Growth % | -3.24% | 126.9% | 89.11% | -241.61% | -39.94% | -406.08% | 68.9% | 175.44% | -14.24% | 120.13% | -814.79% | -5542.86% | -2107.14% | -155.98% | -115.15% | -102.93% | 81.58% | -23.49% | 86.16% | 115.09% |
| Net Income (Continuing) | -1.02M | 149K | -44K | -422K | -988K | -554K | -404K | 298K | -706K | 181K | -1.3M | -395K | -618K | -899K | -142K | -7K | -28K | 1.61M | -66K | 239K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.21 | 0.09 | -0.01 | -0.11 | -0.27 | -0.16 | -0.12 | 0.08 | -0.21 | 0.05 | -0.40 | -0.12 | -0.19 | -0.40 | -0.04 | -0.00 | -0.01 | 0.25 | -0.02 | 0.10 |
| EPS Growth % | 22.22% | 154.81% | 91.17% | -237.5% | -28.57% | -391.97% | 70% | 166.67% | -10.53% | 113.7% | -900% | - | -1800% | -260% | -100% | -102.2% | 78.95% | -62.12% | 87.5% | 119.23% |
| EPS (Basic) | -0.21 | 0.09 | -0.01 | -0.11 | -0.27 | -0.17 | -0.12 | 0.09 | -0.21 | 0.06 | -0.40 | -0.12 | -0.19 | -0.40 | -0.04 | -0.00 | -0.01 | 0.25 | -0.02 | 0.10 |
| Diluted Shares Outstanding | 4.78M | 1.7M | 4.15M | 3.73M | 3.48M | 3.48M | 3.34M | 3.32M | 3.31M | 3.3M | 3.29M | 3.27M | 3.26M | 3.25M | 3.23M | 3.22M | 3.22M | 3.21M | 3.21M | 3.8M |
| Basic Shares Outstanding | 4.78M | 1.7M | 4.15M | 3.73M | 3.48M | 3.27M | 3.34M | 3.32M | 3.31M | 3.3M | 3.25M | 3.27M | 3.25M | 3.25M | 3.23M | 3.22M | 3.22M | 3.21M | 3.21M | 3.2M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |