📊 AIRTP Key Takeaways
Is Air T Inc. (AIRTP) a Good Investment?
Air T Inc exhibits severe financial distress with negative stockholders' equity of -1.2M, indicating the company is technically insolvent. The company is burning cash with negative operating cash flow of -25.0M and negative free cash flow of -26.2M, while generating minimal profitability with only 0.1% net margin on $206.2M revenue. With an interest coverage ratio of 0.3x and current ratio of 0.96x, the company lacks the financial capacity to service its $194.2M long-term debt and maintain operations.
AIR T's fundamentals are very weak: profitability is minimal, cash generation is negative, and leverage is heavy relative to its earnings capacity. The company reported only a small net profit, but that is overshadowed by negative free cash flow, sub-1x current liquidity, very low interest coverage, and negative equity, which together point to elevated financial risk and poor earnings quality.
Air T Inc. Key Strengths (AIRTP)
- Maintains $37.4M in cash reserves providing near-term liquidity buffer
- Generates positive operating income of $2.6M despite revenue challenges
- Established market position in air courier services sector
- Large revenue base of $206.15M provides operating scale
- Reported positive operating income and net income in the latest period
- Cash balance of $37.37M offers some near-term liquidity support
AIRTP Stock Risks: Air T Inc. Investment Risks
- Negative stockholders' equity indicates technical insolvency and structural balance sheet failure
- Negative operating cash flow of -25.0M demonstrates inability to fund operations from core business
- Debt service unsustainable with interest coverage ratio of only 0.3x against $194.2M long-term debt
- Negative free cash flow of -26.2M accelerates depletion of cash reserves at current burn rate
- Extremely thin net margin of 0.1% provides no cushion for operational disruptions
- Current ratio of 0.96x indicates imminent liquidity crisis within 12 months
- Negative stockholders equity indicates a severely weakened balance sheet
- Operating cash flow of -$25.00M and free cash flow of -$26.23M suggest poor cash earnings quality
- Interest coverage of 0.3x and long-term debt of $194.23M create substantial debt-servicing risk
Key Metrics to Watch
- Operating cash flow trend - critical to assess if cash burn reverses
- Stockholders equity trajectory - monitor if negative equity continues deteriorating
- Cash reserves depletion rate - assess runway given -25.0M annual OCF burn
- Debt restructuring announcements - likely necessity given inability to service debt
- Revenue stability - determine if $206.2M baseline can be maintained
- Operating cash flow and free cash flow trend
- Interest coverage and liquidity ratio improvement
Air T Inc. (AIRTP) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
AIRTP Profit Margin, ROE & Profitability Analysis
AIRTP vs Transportation Sector: How Air T Inc. Compares
How Air T Inc. compares to Transportation sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Air T Inc. Stock Overvalued? AIRTP Valuation Analysis 2026
Based on fundamental analysis, Air T Inc. has mixed fundamental signals relative to the Transportation sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Air T Inc. Balance Sheet: AIRTP Debt, Cash & Liquidity
AIRTP Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Air T Inc.'s revenue has grown significantly by 23% over the 5-year period, indicating strong business expansion. The most recent EPS of $-2.42 indicates the company is currently unprofitable.
AIRTP Revenue Growth, EPS Growth & YoY Performance
AIRTP Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $66.4M | -$335.0K | $-0.12 |
| Q3 2025 | $71.1M | $268.0K | $0.10 |
| Q2 2025 | $64.2M | -$1.6M | $-0.57 |
| Q1 2022 | $37.0M | $289.0K | $0.10 |
| Q3 2020 | $55.5M | -$430.0K | $-0.14 |
| Q2 2020 | $35.6M | -$1.3M | $-1.01 |
| Q1 2020 | $55.7M | -$841.0K | $-0.29 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Air T Inc. Dividends, Buybacks & Capital Allocation
AIRTP SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Air T Inc. (CIK: 0000353184)
📋 Recent SEC Filings
❓ Frequently Asked Questions about AIRTP
What is the AI rating for AIRTP?
Air T Inc. (AIRTP) has a Combined AI Grade of D from Claude (D) and ChatGPT (D) with 94% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are AIRTP's key strengths?
Claude: Maintains $37.4M in cash reserves providing near-term liquidity buffer. Generates positive operating income of $2.6M despite revenue challenges. ChatGPT: Large revenue base of $206.15M provides operating scale. Reported positive operating income and net income in the latest period.
What are the risks of investing in AIRTP?
Claude: Negative stockholders' equity indicates technical insolvency and structural balance sheet failure. Negative operating cash flow of -25.0M demonstrates inability to fund operations from core business. ChatGPT: Negative stockholders equity indicates a severely weakened balance sheet. Operating cash flow of -$25.00M and free cash flow of -$26.23M suggest poor cash earnings quality.
What is AIRTP's revenue and growth?
Air T Inc. reported revenue of $206.2M.
Does AIRTP pay dividends?
Air T Inc. pays dividends, with $0.7M distributed to shareholders in the trailing twelve months.
Where can I find AIRTP SEC filings?
Official SEC filings for Air T Inc. (CIK: 0000353184) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is AIRTP's EPS?
Air T Inc. has a diluted EPS of $0.10.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is AIRTP's fundamental grade?
Based on our AI fundamental analysis in June 2026, Air T Inc. has a D grade with 94% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is AIRTP stock overvalued or undervalued?
Valuation metrics for AIRTP: ROE of N/A (sector avg: 18%), net margin of 0.1% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.
What is AIRTP's AI grade for 2026?
Our dual AI analysis gives Air T Inc. a combined D grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is AIRTP's free cash flow?
Air T Inc.'s operating cash flow is $-25.0M, with capital expenditures of $1.2M. FCF margin is -12.7%.
How does AIRTP compare to other Transportation stocks?
Vs Transportation sector averages: Net margin 0.1% (avg: 10%), ROE N/A (avg: 18%), current ratio 0.96 (avg: 1).