Air Industries Group (AIRI) Income Statement
AIRI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsAIRI revenue and net income
Where AIRI's revenue goes
2025Each bar shows an amount and its share of revenue. AIRI kept −2.7% of revenue as net income.
AIRI profit margins
AIRI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −13.0% | −3.4% | −0.9% | −5.0% |
| Gross profit | −8.3% | +3.2% | +4.7% | −7.2% |
| Operating income | −173.6% | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
AIRI quarterly EPS vs estimates
Air Industries beat the analyst EPS estimate in 2 of the last 7 quarters. Next report: November 13, 2026.
AIRI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $47.9M | $55.1M | $51.5M | $53.2M | $58.9M | $50.1M | $54.6M | $46.3M | $49.9M | $66.9M |
| Cost of revenue | $39.7M | $46.2M | $44.1M | $45.8M | $48.7M | $43.6M | $45.4M | $40.9M | $45.0M | $60.2M |
| Gross profit | $8.2M | $8.9M | $7.4M | $7.5M | $10.3M | $6.5M | $9.1M | $5.4M | $4.9M | $6.7M |
| Research & development | — | — | — | — | — | — | — | $668,000 | $423,000 | $362,000 |
| Sales, general & admin | — | $8.5M | $7.7M | $7.1M | $7.8M | $8.0M | $8.5M | $8.3M | $11.2M | $14.4M |
| Total operating expenses | $8.5M | $8.5M | $7.7M | $7.6M | $7.8M | $8.0M | $8.8M | $10.4M | $11.5M | $17.5M |
| Operating income | −$338,000 | $459,000 | −$295,000 | −$194,000 | $2.5M | −$1.4M | $328,000 | −$4.9M | −$12.8M | −$10.1M |
| Interest income | — | — | — | — | — | — | $3.6M | $3.9M | $3.4M | $2.5M |
| Interest expense | $1.8M | $1.9M | $1.9M | $1.3M | $1.3M | $1.5M | $3.6M | $3.9M | $3.4M | $2.5M |
| Income before taxes | −$1.4M | −$1.4M | −$2.1M | −$1.1M | $1.6M | −$86,000 | −$2.6M | −$8.6M | −$16.3M | −$12.8M |
| Income taxes | −$131,000 | — | $2.3M | −$317,000 | $1.7M | −$1.4M | $37,000 | $3,000 | −$197,000 | $2.1M |
| Net income | −$1.3M | −$1.4M | −$2.1M | −$1.1M | $1.6M | $1.1M | −$2.7M | −$11.0M | −$22.6M | −$15.6M |
| EBITDA | $3.8M | $3.5M | $2.7M | $3.3M | $6.2M | $1.6M | $4.1M | −$1.8M | −$9.5M | −$5.6M |
| EPS (diluted) | −$0.27 | −$0.41 | −$0.74 | −$0.32 | $0.49 | $1.00 | −$0.75 | −$22.34 | −$0.86 | −$7.00 |
| Gross margin | 17.1% | 16.2% | 14.4% | 14.0% | 17.4% | 13.0% | 16.8% | 11.7% | 9.8% | 10.0% |
| Operating margin | −0.7% | 0.8% | −0.6% | −0.4% | 4.2% | −2.9% | 0.6% | −10.6% | −25.6% | −15.1% |
| Net margin | −2.7% | −2.5% | −4.1% | −2.0% | 2.8% | 2.2% | −5.0% | −23.7% | −45.2% | −23.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.0M | $11.6M | $12.8M | $10.3M | $12.7M | $12.1M | $14.9M | $12.6M | $13.6M | $14.1M | $13.5M | $12.3M |
| Cost of revenue | $9.5M | $9.2M | $11.0M | $8.0M | $10.6M | $10.1M | $12.5M | $10.6M | $10.9M | $12.2M | $11.3M | $11.1M |
| Gross profit | $2.5M | $2.4M | $1.8M | $2.3M | $2.0M | $2.0M | $2.4M | $1.9M | $2.6M | $1.9M | $2.1M | $1.2M |
| Sales, general & admin | — | — | — | — | — | $2.5M | — | — | — | $1.6M | — | — |
| Total operating expenses | $2.8M | $3.0M | $1.7M | $2.0M | $2.0M | $2.8M | $15.0M | $1.9M | $1.9M | $2.2M | $1.6M | $2.0M |
| Operating income | −$366,000 | −$565,000 | $84,000 | $316,000 | $8,000 | −$746,000 | −$101,000 | $67,000 | $752,000 | −$259,000 | $587,000 | −$796,000 |
| Interest expense | $500,000 | $493,000 | $487,000 | $466,000 | $446,000 | $444,000 | $475,000 | $482,000 | $474,000 | $462,000 | $448,000 | $516,000 |
| Income before taxes | −$828,000 | −$1.0M | $18,000 | −$44,000 | −$422,000 | −$988,000 | −$554,000 | −$404,000 | $298,000 | −$706,000 | $181,000 | −$1.3M |
| Income taxes | $18,000 | — | −$131,000 | — | — | −$646,000 | — | −$404.0M | $71,000 | $645,724 | — | $529,000 |
| Net income | −$846,000 | −$1.0M | $149,000 | −$44,000 | −$422,000 | −$988,000 | −$554,000 | −$404,000 | $298,000 | −$706,000 | $181,000 | −$1.3M |
| EBITDA | $610,000 | $401,000 | $1.4M | $1.3M | $855,000 | $267,000 | — | $809,000 | $1.5M | $483,000 | $1.1M | −$15,000 |
| EPS (diluted) | −$0.18 | −$0.21 | — | −$0.01 | −$0.11 | −$0.27 | −$0.17 | −$0.12 | $0.09 | −$0.21 | $0.06 | −$0.40 |
| Gross margin | 20.7% | 21.0% | 14.3% | 22.3% | 16.0% | 16.8% | 16.4% | 15.5% | 19.5% | 13.6% | 16.0% | 10.0% |
| Operating margin | −3.1% | −4.9% | 0.7% | 3.1% | 0.1% | −6.1% | −0.7% | 0.5% | 5.5% | −1.8% | 4.4% | −6.5% |
| Net margin | −7.1% | −8.8% | 1.2% | −0.4% | −3.3% | −8.1% | −3.7% | −3.2% | 2.2% | −5.0% | 1.3% | −10.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in AIRI's financial statements (latest annual report filed March 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
AIRI financial results
In fiscal year 2025 (ended December 31, 2025), Air Industries reported revenue of $47.9 million, down 13.0% from the year before. It had a net loss of $1.3 million, a net profit margin of −2.7%. Diluted earnings per share came to −$0.27. Over five years revenue grew at an average rate of −0.9% a year.
See the AIRI stock overview for the latest quote and news, or the AIRI chart for price history and technical indicators.
AIRI income statement FAQ
What is Air Industries's annual revenue?
Air Industries reported total revenue of $47.9 million for fiscal year 2025, which ended on December 31, 2025. That was down 13.0% from $55.1 million the previous year.
Is Air Industries profitable?
No. Air Industries reported a net loss of $1.3 million in fiscal 2025, a net profit margin of −2.7%; its operating margin was −0.7%.
What is Air Industries's gross margin?
Air Industries's gross margin was 17.1% in fiscal 2025: for every $100 of revenue, Air Industries kept $17 after the direct cost of its products and services.
How fast is Air Industries growing?
Revenue grew −0.9% a year on average over the last five fiscal years, from $50.1 million to $47.9 million.
What are Air Industries's earnings per share?
Air Industries earned $-0.27 per diluted share in fiscal 2025, compared with $-0.41 a year earlier.
When will Air Industries report its next earnings?
Air Industries is expected to report results for the quarter ending September 30, 2026 on November 13, 2026.
When does Air Industries's fiscal year end?
Air Industries's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 27, 2026.