Filing Flows › Air Industries (AIRI) › Q1 2026
Air Industries (AIRI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
Air Industries (AIRI) reported revenue of $11.6M for the first quarter 2026 (Q1 2026), -4% from a year earlier and -9% from the quarter before. Operating margin was -4.9%, net loss $1.0M (8.8% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.6M | -9% | -4% |
| Operating profit | −$565K | -773% | — |
| Net earnings | −$1.0M | -785% | — |
| Operating cash flow | −$1.3M | — | -185% |
What changed
Revenue was $11.6M in Q1 2026, down 4% year over year and down 9% from the previous quarter. Military was the largest line at 66% of revenue. Military lost $694K year over year (down 8%), 131% of the total change.
Gross margin was 22.4%, up 5.7 points from Q1 2025. Operating costs exceeded revenue by $565K, an operating margin of -4.9%. Operating expenses grew 14% against a revenue fall of 4%. The quarter ended with a net loss of $1.0M, after a profit of $149K the previous quarter.
Operating cash flow was −$1.3M. Non-cash charges added back $711K of depreciation and $1.0M of share-based compensation. Working capital and other items used $2.0M. Capital expenditures of $425K exceeded it, leaving free cash flow of −$1.7M.
Questions
What was Air Industries' revenue in the first quarter 2026?
Air Industries (AIRI) reported revenue of $11.6M for the first quarter 2026 (Q1 2026), -4% from a year earlier and -9% from the quarter before.
Was Air Industries profitable in the first quarter 2026?
Operating loss was $565K (-4.9% of revenue) and net loss $1.0M.
Source: Air Industries 10-Q on SEC EDGAR.