Filing Flows › Air Industries (AIRI) › Q1 2026 › vs Q4 2025
Air Industries (AIRI) Q1 2026 vs Q4 2025 (quarter over quarter)
Air Industries's revenue fell $1.2M (-9%) from $12.8M in Q4 2025 to $11.6M in Q1 2026. The biggest changes: Commercial Real Estate −$1.5M (-27%); Military +$274K (+4%).
Air Industries, Q1 2026: revenue $11.6M (-4% year over year), operating margin -4.9%, net loss $1.0M, operating cash flow −$1.3M. The chart draws each line against Q4 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Military | $7.6M | $7.4M | $274K | +4% |
| Commercial Real Estate | $4.0M | $5.4M | −$1.5M | -27% |
| Revenue | $11.6M | $12.8M | −$1.2M | -9% |
| Net loss | $1.0M | −$149K | $1.2M | — |
| Costs & expenses | $12.6M | $12.9M | −$315K | -2% |
| Operating costs | $12.2M | $12.7M | −$555K | -4% |
| Interest & other, net | $455K | $66K | $389K | +589% |
| Cost of revenue | $9.0M | $11.0M | −$2.0M | -18% |
| Operating expenses | $3.2M | $1.7M | $1.4M | +81% |
| Operating cash sources | $3.0M | $1.5M | $1.5M | +99% |
| Depreciation | $711K | $685K | $26K | +4% |
| Share-based compensation | $964K | $211K | $753K | +357% |
| Cash used in operations | $1.3M | $598K | $700K | +117% |
| Net loss absorbed | $1.0M | −$149K | $1.2M | — |
| Working capital & other | $2.0M | $1.6M | $310K | +19% |
Questions
How much did Air Industries's revenue grow quarter over quarter in Q1 2026?
Air Industries's revenue fell $1.2M (-9%) from $12.8M in Q4 2025 to $11.6M in Q1 2026.
What drove Air Industries's revenue change in Q1 2026?
Commercial Real Estate −$1.5M (-27%); Military +$274K (+4%).