Filing Flows › Air T (AIRT) › Q1 FY26
Air T (AIRT) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Aug 13, 2025
Air T (AIRT) reported revenue of $70.9M for the first quarter fiscal 2026 (Q1 FY26), +7% from a year earlier and +7% from the quarter before. Operating margin was 0.6%, net loss $671K (0.9% of revenue).
Air T, Q1 FY26: revenue $70.9M (+7% year over year), operating margin 0.6%, net loss $671K, operating cash flow −$1.1M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $70.9M | +7% | +7% |
| Operating profit | $446K | — | — |
| Net earnings | −$671K | — | — |
| Operating cash flow | −$1.1M | -127% | — |
What changed
Revenue was $70.9M in Q1 FY26, up 7% year over year and up 7% from the previous quarter. Overnight air cargo was the largest line at 43% of revenue. Ground support equipment added $7.7M year over year (up 105%), 173% of the total change. Commercial aircraft, engines and parts declined 16%.
Operating profit was $446K, a 0.6% margin (up 1.5 points year over year). Total costs grew 5% against revenue growth of 7%. The quarter ended with a net loss of $671K, narrower than the previous quarter's $7.2M loss. Net interest and other expense of $1.3M was the main reason.
Operating cash flow was −$1.1M. Non-cash charges added back $1.3M of depreciation and amortization. Working capital and other items used $1.7M. Capital expenditures of $231K exceeded it, leaving free cash flow of −$1.3M.
Questions
What was Air T's revenue in the first quarter fiscal 2026?
Air T (AIRT) reported revenue of $70.9M for the first quarter fiscal 2026 (Q1 FY26), +7% from a year earlier and +7% from the quarter before.
Was Air T profitable in the first quarter fiscal 2026?
Operating profit was $446K (0.6% of revenue) and net loss $671K.
Source: Air T 10-Q on SEC EDGAR.