Filing Flows › Air Industries (AIRI) › Q2 2025
Air Industries (AIRI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
Air Industries (AIRI) reported revenue of $12.7M for the second quarter 2025 (Q2 2025), -7% from a year earlier and +4% from the quarter before. Operating margin was 0.1%, net loss $422K (3.3% of revenue).
Air Industries, Q2 2025: revenue $12.7M (-7% year over year), operating margin 0.1%, net loss $422K, operating cash flow $345K. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.7M | +4% | -7% |
| Operating profit | $8K | — | — |
| Net earnings | −$422K | — | — |
| Operating cash flow | $345K | -77% | -39% |
What changed
Revenue was $12.7M in Q2 2025, down 7% year over year and up 4% from the previous quarter. Military was the largest line at 54% of revenue. Military lost $2.1M year over year (down 23%), 229% of the total change.
Gross margin was 16.0%, down 3.5 points from a year earlier. Operating profit was $8K, a 0.1% margin (down 5.5 points year over year). Operating expenses grew 7% against a revenue fall of 7%. The quarter ended with a net loss of $422K, narrower than the previous quarter's $1.0M loss. Net interest and other expense of $430K was the main reason.
Operating cash flow was $345K (down 39% year over year). Non-cash charges added back $607K of depreciation and $196K of share-based compensation. Working capital and other items used $36K. Capital expenditures of $896K exceeded it, leaving free cash flow of −$551K.
Questions
What was Air Industries' revenue in the second quarter 2025?
Air Industries (AIRI) reported revenue of $12.7M for the second quarter 2025 (Q2 2025), -7% from a year earlier and +4% from the quarter before.
Was Air Industries profitable in the second quarter 2025?
Operating profit was $8K (0.1% of revenue) and net loss $422K.
Source: Air Industries 10-Q on SEC EDGAR.