AIR T INC(AIRT)Stock Analysis
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Limited institutional coverage
Quality rankings require at least 50 unique 13-F institutional holders to ensure peer comparisons are meaningful. Only 14 institutional filers currently hold this stock.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
AIRT Stock Analysis & AI Quality Score
AI stock analysis and institutional research for AIR T INC (AIRT), a Industrials sector company. AIRT is not currently included in 13F Pro's AI-ranked quality universe — quality rankings require at least 50 unique 13-f institutional holders to ensure peer comparisons are meaningful. only 14 institutional filers currently hold this stock. Based on the latest XBRL financial filings (Q4 2026), AIR T INC reports quarterly revenue of $120.9M, net income of $77.7M, free cash flow of $-15.3M. Top institutional holders of AIRT by reported 13-F value include RENAISSANCE TECHNOLOGIES, VANGUARD CAPITAL MANAGEMENT, MORGAN STANLEY, based on the most recent SEC filings. AIRT trades on the Nasdaq exchange and files with the SEC under CIK 353184. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate AIRT daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for AIR T INC directly from SEC EDGAR. AIR T INC's 13F Pro composite quality score has ranged between 23 and 50 since 2021, currently 44.3 — an improving long-term trajectory across 20 quarterly and live scoring snapshots.
Revenue
Q4 2026
$120.9M
Net Income
Q4 2026
$77.7M
Free Cash Flow
Q4 2026
$-15.3M
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+12.1% YoYNet Income
+1370.1% YoYOperating Income
-686.8% YoYEPS (Diluted)
+1393.7% YoYTotal Assets
+135.4% YoYTotal Debt
+88.7% YoYOp. Cash Flow
-206.6% YoY| Metric | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue | $327.1M +12.1% | $291.9M +1.7% | $286.8M +16.0% | $247.3M +39.7% | $177.1M +1.1% | $175.1M |
| Net Income | $78.0M +1370.1% | $-6.1M +10.0% | $-6.8M +44.5% | $-12.3M -212.5% | $10.9M +250.2% | $-7.3M |
| Operating Income | $-11.2M -686.8% | $1.9M +50.9% | $1.3M +128.7% | $-4.4M -150.3% | $8.8M +195.4% | $-9.2M |
| EPS (Diluted) | $28.85 +1393.7% | $-2.23 +7.9% | $-2.42 +44.0% | $-4.32 -214.3% | $3.78 +249.4% | $-2.53 |
| Total Assets | $409.1M +135.4% | $173.8M -1.9% | $177.2M -6.5% | $189.6M -8.7% | $207.6M +47.5% | $140.8M |
| Total Debt | $208.2M +88.7% | $110.3M -2.3% | $112.9M -9.7% | $125.1M -7.9% | $135.8M +55.2% | $87.5M |
| Operating Cash Flow | $-25.0M -206.6% | $23.5M +36.8% | $17.2M +1.6% | $16.9M +151.1% | $-33.1M -1718.8% | $-1.8M |
AI Insight: AIRT Financial Trends
Operating profitability collapsed in Q4 2025 after brief improvement, while debt surged 76% to $208M despite equity recovery.
• Operating income swung from $7M profit in Q3 2025 to $4M loss in Q4 2025, erasing three-quarter momentum.
• Total debt jumped 76% from $118M (Q3 2025) to $208M (Q1 2026), reaching all-time high.
• Equity recovered to $80M positive in Q1 2026 from negative $1M in Q4 2025, first positive reading since Q4 2023.
⚠ Operating cash flow turned sharply negative at $18M outflow in Q4 2025 after $48M inflow in Q1 2025.
⚠ Revenue has trended sideways since Q1 2025 ($86M), declining to $71M in Q4 2025, suggesting demand weakness.
⚠ Debt-to-equity ratio is now deeply negative given negative equity through Q4 2025; Q1 2026 equity rebound requires verification.
AI Insight: AIRT Ratio Trends
AIRT swung from deep losses in early 2024 to near-breakeven by mid-2025, but Q4 2025 reversal and leverage normalization signal recovery remains fragile.
• Operating margin improved from -2.5% in Q4 2023 to 10.1% in Q3 2025, though fell to -5.3% in Q4 2025.
• ROIC swung from -6.0% (Q4 2023) to +23.4% (Q3 2025), then collapsed to -7.8% (Q4 2025).
• Debt-to-equity fell sharply from 27.17 (Q2 2024) to 2.61 (TTM), indicating significant deleveraging.
⚠ Q4 2025 showed operating margin and ROIC deterioration after Q3 strength—pattern mirrors Q2–Q4 2024 volatility.
⚠ Net profit margin remains negative across most recent quarters; profitability not yet sustainable.
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Available Research
13F Pro tracks comprehensive data for AIR T INC including:
Top Institutional Holders of AIRT
RENAISSANCE TECHNOLOGIES LLC
$2.3M106,411 shVANGUARD CAPITAL MANAGEMENT LLC
$895.9K42,419 shMORGAN STANLEY
$723.9K33,206 shVANGUARD FIDUCIARY TRUST CO
$102.1K4,833 shBlackRock, Inc.
$78.0K3,578 shUBS Group AG
$45.6K2,094 shCWM, LLC
$20.7K979 shVanguard Global Advisers, LLC
$12.7K600 shTower Research Capital LLC (TRC)
$4.0K183 shFIFTH THIRD BANCORP
$2.2K100 sh
| Fund | Value | Shares |
|---|---|---|
| RENAISSANCE TECHNOLOGIES LLC | $2.3M | 106,411 |
| VANGUARD CAPITAL MANAGEMENT LLC | $895.9K | 42,419 |
| MORGAN STANLEY | $723.9K | 33,206 |
| VANGUARD FIDUCIARY TRUST CO | $102.1K | 4,833 |
| BlackRock, Inc. | $78.0K | 3,578 |
| UBS Group AG | $45.6K | 2,094 |
| CWM, LLC | $20.7K | 979 |
| Vanguard Global Advisers, LLC | $12.7K | 600 |
| Tower Research Capital LLC (TRC) | $4.0K | 183 |
| FIFTH THIRD BANCORP | $2.2K | 100 |
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Popular Research
Is AIRT a good stock to buy?
13F Pro's AI-powered analysis of AIR T INC (AIRT) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Industrials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for AIRT are available on the AIRT stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own AIRT?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling AIRT. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of AIR T INC's investment landscape.