Filing Flows › Air T (AIRT) › Q4 FY25
Air T (AIRT) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Jun 27, 2025
Air T (AIRT) reported revenue of $66.3M for the fourth quarter fiscal 2025 (Q4 FY25), -9% from a year earlier and -15% from the quarter before. Operating margin was -4.9%, net loss $7.2M (10.8% of revenue).
Air T, Q4 FY25: revenue $66.3M (-9% year over year), operating margin -4.9%, net loss $7.2M, operating cash flow $4.1M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $66.3M | -15% | -9% |
| Operating profit | −$3.2M | -278% | — |
| Net earnings | −$7.2M | — | — |
| Operating cash flow | $4.1M | -75% | — |
| Free cash flow | $4.0M | -75% | — |
What changed
Revenue was $66.3M in Q4 FY25, down 9% year over year and down 15% from the previous quarter.
Operating costs exceeded revenue by $3.2M, an operating margin of -4.9%. Total costs fell 2% while revenue fell 9%. The fastest-growing cost line was General & admin (+15%). The quarter ended with a net loss of $7.2M, wider than the previous quarter's $1.2M loss. Minority interests bore $134K of it: to shareholders the quarter was a loss of $7.0M. Net interest and other expense of $4.3M was the main reason.
Operating cash flow was $4.1M. Non-cash charges added back $1.3M of depreciation and amortization. Working capital and other items added $10.0M. Capital expenditures of $149K left free cash flow of $4.0M.
Questions
What was Air T's revenue in the fourth quarter fiscal 2025?
Air T (AIRT) reported revenue of $66.3M for the fourth quarter fiscal 2025 (Q4 FY25), -9% from a year earlier and -15% from the quarter before.
Was Air T profitable in the fourth quarter fiscal 2025?
Operating loss was $3.2M (-4.9% of revenue) and net loss $7.2M.
Source: Air T 10-K on SEC EDGAR.