Filing Flows › Air Industries (AIRI) › Q1 2025
Air Industries (AIRI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Air Industries (AIRI) reported revenue of $12.1M for the first quarter 2025 (Q1 2025), -14% from a year earlier and -19% from the quarter before. Operating margin was -6.1%, net loss $988K (8.1% of revenue).
Air Industries, Q1 2025: revenue $12.1M (-14% year over year), operating margin -6.1%, net loss $988K, operating cash flow $1.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.1M | -19% | -14% |
| Operating profit | −$746K | — | — |
| Net earnings | −$988K | — | — |
| Operating cash flow | $1.5M | — | — |
| Free cash flow | $308K | — | — |
What changed
Revenue was $12.1M in Q1 2025, down 14% year over year and down 19% from the previous quarter. Military was the largest line at 69% of revenue. Military lost $2.0M year over year (down 20%), 106% of the total change.
Gross margin was 16.8%, up 3.2 points from a year earlier. Operating costs exceeded revenue by $746K, an operating margin of -6.1%. Operating expenses grew 28% against a revenue fall of 14%. The quarter ended with a net loss of $1.0M, wider than the previous quarter's $554K loss.
Operating cash flow was $1.5M. Non-cash charges added back $580K of depreciation and $474K of share-based compensation. Working capital and other items added $1.5M. Capital expenditures of $1.2M left free cash flow of $308K.
Questions
What was Air Industries' revenue in the first quarter 2025?
Air Industries (AIRI) reported revenue of $12.1M for the first quarter 2025 (Q1 2025), -14% from a year earlier and -19% from the quarter before.
Was Air Industries profitable in the first quarter 2025?
Operating loss was $746K (-6.1% of revenue) and net loss $988K.
Source: Air Industries 10-Q on SEC EDGAR.