Filing Flows › Air Industries (AIRI) › Q4 2025
Air Industries (AIRI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 27, 2026
Air Industries (AIRI) reported revenue of $12.8M for the fourth quarter 2025 (Q4 2025), -14% from a year earlier and +24% from the quarter before. Operating margin was 0.7%, net earnings $149K (1.2% of revenue).
Air Industries, Q4 2025: revenue $12.8M (-14% year over year), operating margin 0.7%, net earnings $149K, operating cash flow −$598K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.8M | +24% | -14% |
| Gross profit | $1.8M | -20% | -25% |
| Operating profit | $84K | -73% | — |
| Net earnings | $149K | — | — |
| Operating cash flow | −$598K | — | — |
What changed
Revenue was $12.8M in Q4 2025, down 14% year over year and up 24% from the previous quarter. Military was the largest line at 58% of revenue.
Gross margin was 14.3%, down 2.1 points from Q4 2024. Operating profit was $84K, a 0.7% margin (up 1.3 points year over year). Operating expenses fell 31% while revenue fell 14%. Net earnings were $149K. The tax line was a benefit of $131K on pre-tax earnings of $18K.
Operating cash flow was −$598K. Non-cash charges added back $685K of depreciation and $211K of share-based compensation. Working capital and other items used $1.6M. Capital expenditures of $304K exceeded it, leaving free cash flow of −$902K.
Questions
What was Air Industries' revenue in the fourth quarter 2025?
Air Industries (AIRI) reported revenue of $12.8M for the fourth quarter 2025 (Q4 2025), -14% from a year earlier and +24% from the quarter before.
Was Air Industries profitable in the fourth quarter 2025?
Operating profit was $84K (0.7% of revenue) and net earnings $149K.
Source: Air Industries 10-K on SEC EDGAR.