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Air Industries Group (AIRI)
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Air Industries Group Income Statement 2026-2010 | AIRI
Brief overview of financial results at Air Industries Group
The conclusions below are based on five years of reported results. Air Industries Group reported revenue of $50.1 million in 2020 and $47.9 million by 2025. Overall revenue changed by −4.3%, equal to an annualized rate of about −0.9%. The business did not achieve meaningful top-line expansion.
Gross profit changed from 6.5 million dollars to 8.2 million dollars (+25.7%). Revenue and direct costs changed at similar rates. Comparing the endpoints gives gross margins of 13% and 17.1%. The business retained more gross profit from each unit of revenue.
The five-year EBITDA result moved by +34%: from $1.6 million to $2.2 million. Additional revenue translated efficiently into EBITDA. EBITDA margin was 3.2% at the start and 4.5% at the end. EBITDA as a share of revenue remained steady.
The final result was 1.1 million dollars initially and −1.3 million dollars in the final year. A positive result was not sustained and the period ended with a loss.
Conclusion
The results contain several connected negative signals. The strongest signals are better sales economics and an improving EBITDA margin. The weaker side of the profile includes a narrow EBITDA buffer, limited revenue growth and a weaker final result. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.
Annual Income Statement Air Industries Group
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
14.4 M | 13.1 M | 10.6 M | 17.2 M | 11.8 M | 2.92 M | 42.6 M | 45.6 M | 26.6 M | 18 M | 27.1 M | 55.8 M | 67.5 M | 48.7 M | 586 K | 538 K | - |
Shares |
4.78 M | 4.22 M | 3.34 M | 3.28 M | 3.23 M | 3.2 M | 30.6 M | 28.9 M | 26.9 M | 13.2 M | 7.58 M | 7.48 M | 6.59 M | 5.74 M | 179 K | 179 K | - |
Historical Prices |
3.02 | 3.1 | 3.18 | 5.25 | 3.67 | 0.91 | 1.23 | 2.3 | 0.72 | 1.69 | 3.15 | 8 | 9.73 | 7.96 | 6.15 | 2.49 | 80 |
Net Income |
-1.02 M | -1.3 M | -1.37 M | -2.13 M | -1.08 M | 1.63 M | 1.1 M | -2.73 M | -11 M | -22.6 M | -15.6 M | -832 K | 667 K | 3.74 M | 2.55 M | 2.25 M | - |
Revenue |
11.6 M | 47.9 M | 55.1 M | 51.5 M | 53.2 M | 58.9 M | 50.1 M | 54.6 M | 46.3 M | 49.9 M | 66.9 M | 80.4 M | 64.3 M | 62.8 M | 64.2 M | 53.7 M | - |
Cost of Revenue |
9 M | 39.7 M | 46.2 M | 44.1 M | 45.8 M | 48.7 M | 43.6 M | 45.4 M | 39.1 M | 45 M | 47.1 M | 63.2 M | 50.2 M | 47.6 M | 49.4 M | 42.8 M | - |
Gross Profit |
2.6 M | 8.19 M | 8.93 M | 7.43 M | 7.45 M | 10.3 M | 6.51 M | 9.14 M | 5.41 M | 4.87 M | 6.72 M | 17.3 M | 14.1 M | 15.2 M | 14.9 M | 10.9 M | - |
Operating Income |
-565 K | -338 K | 459 K | -295 K | -194 K | 2.49 M | -1.44 M | 328 K | -4.91 M | -12.8 M | -10.1 M | 626 K | 1.74 M | 4.61 M | 5.98 M | 4.38 M | - |
Interest Expense |
407 K | 1.48 M | 1.42 M | 1.45 M | 851 K | 460 K | - | - | - | -22 K | -126 K | 114 K | - | - | - | - | - |
EBITDA |
146 K | 2.16 M | 2.53 M | 1.97 M | 2.33 M | 5.29 M | 1.61 M | 4.08 M | -548 K | -3.19 M | -6.16 M | 5.08 M | 5.66 M | 7.48 M | 8.74 M | 6.77 M | - |
Operating Expenses |
3.17 M | 8.52 M | 8.47 M | 7.72 M | 7.65 M | 7.77 M | 7.95 M | 8.54 M | 8.84 M | 11.5 M | 17.5 M | 16.6 M | 12 M | 10.6 M | 8.87 M | 6.55 M | - |
General and Administrative Expenses |
- | - | - | - | - | - | - | - | - | - | 17.5 M | 16.6 M | 12 M | - | - | - | - |
Annual performance
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All numbers in USD currency
Quarterly Income Statement Air Industries Group
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
3.73 M | 4.78 M | - | 4.15 M | 3.73 M | 3.64 M | 3.47 M | 3.34 M | 3.32 M | 3.31 M | 3.3 M | 3.29 M | 3.27 M | 3.26 M | 3.25 M | 3.23 M | 3.22 M | 3.22 M | 3.21 M | 3.21 M | 32 M | 32 M | 31.9 M | 30.6 M | 30.6 M | 30.4 M | 29.5 M | 35 M | 28.8 M | 28.6 M | 28.4 M | 26.8 M | 26 M | 26.1 M | 25.2 M | 13.5 M | 7.65 M | 7.65 M | 7.63 M | 7.61 M | 7.59 M | 7.58 M | 7.56 M | 7.56 M | 7.56 M | 7.24 M | 7.11 M | 7.09 M | 6.28 M | 5.86 M | 5.84 M | 5.71 M | 5.71 M | 5.71 M | 5.71 M | 5.71 M | 3.7 M | 3.58 M | 3.58 M | - | - | - |
Net Income |
-988 K | -1.02 M | - | -44 K | -422 K | -988 K | - | -404 K | 298 K | -706 K | - | -1.3 M | -395 K | -618 K | - | -142 K | -7 K | -28 K | - | -66 K | 239 K | -152 K | - | -477 K | -1.58 M | 1.06 M | - | 187 K | -735 K | -923 K | - | -3.13 M | 185 K | -1.47 M | - | -22.6 M | -22.6 M | -1.15 M | - | -2.05 M | -252 K | -1.43 M | - | 337 K | -601 K | 104 K | - | 380 K | 616 K | 341 K | - | 2.53 M | 226 K | 279 K | - | 614 K | 319 K | 820 K | - | - | - | - |
Revenue |
12.7 M | 11.6 M | - | 10.3 M | 12.7 M | 12.1 M | - | 12.6 M | 13.6 M | 14.1 M | - | 12.3 M | 13.2 M | 12.5 M | - | 13.3 M | 14 M | 12.1 M | - | 14.4 M | 15.5 M | 13.7 M | - | 13.7 M | 8.49 M | 13.4 M | - | 14 M | 13.4 M | 13.9 M | - | 10.7 M | 11 M | 12.2 M | - | 17.3 M | 17.1 M | 12.7 M | - | 15.7 M | 19.4 M | 15.2 M | - | 21.1 M | 19.1 M | 16.8 M | - | 15.2 M | 13.4 M | 15.5 M | - | 16.1 M | 14.6 M | 14.3 M | - | 15.6 M | 15.2 M | 16 M | - | - | - | - |
Cost of Revenue |
10.6 M | 9 M | - | 8.01 M | 10.6 M | 10.1 M | - | 10.6 M | 10.9 M | 12.2 M | - | 11.1 M | 11 M | 10.7 M | - | 11 M | 11.6 M | 9.98 M | - | 12.3 M | 12.8 M | 11.9 M | - | 12 M | 7.88 M | 11.3 M | - | 11 M | 11.2 M | 11.6 M | - | 9.37 M | 9.45 M | 9.93 M | - | 12.1 M | 14.2 M | 9.96 M | - | 13.7 M | 15.2 M | 12.4 M | - | 16.9 M | 15.2 M | 12.4 M | - | 11.6 M | 10 M | 11.4 M | - | 12.3 M | 11 M | 10.7 M | - | 11.7 M | 11.8 M | 12.8 M | - | - | - | - |
Gross Profit |
2.03 M | 2.6 M | - | 2.3 M | 2.03 M | 2.03 M | - | 1.94 M | 2.64 M | 1.91 M | - | 1.23 M | 2.17 M | 1.88 M | - | 2.24 M | 2.42 M | 2.08 M | - | 2.01 M | 2.6 M | 1.8 M | - | 1.66 M | 614 K | 2.18 M | - | 2.96 M | 2.19 M | 2.27 M | - | 1.37 M | 1.52 M | 1.98 M | - | 1.56 M | 2.92 M | 2.71 M | - | 2 M | 4.16 M | 2.82 M | - | 4.18 M | 3.9 M | 4.37 M | - | 3.56 M | 3.35 M | 4.04 M | - | 3.74 M | 3.63 M | 3.65 M | - | 3.83 M | 3.44 M | 3.27 M | - | - | - | - |
Operating Income |
8 K | -565 K | - | 316 K | 8 K | -746 K | - | 67 K | 752 K | -259 K | - | -796 K | 72 K | -158 K | - | 169 K | 250 K | 207 K | - | 177 K | 440 K | 27 K | - | -240 K | -1.29 M | -81 K | - | 1.16 M | 219 K | -63 K | - | -816 K | -649 K | -499 K | - | -12.8 M | -12.8 M | 171 K | - | -2.3 M | -27 K | -1.59 M | - | 26 K | 72 K | 466 K | - | 560 K | 257 K | 1.23 M | - | 1.03 M | 1.08 M | 1.18 M | - | 1.46 M | 1.3 M | 1.6 M | - | - | - | - |
Interest Expense |
360 K | 407 K | - | 380 K | 360 K | 345 K | - | 364 K | 356 K | 344 K | - | 398 K | 118 K | 358 K | - | 118 K | 126 K | - | - | 126 K | 126 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
615 K | 146 K | - | 943 K | 615 K | -166 K | - | 578 K | 1.25 M | 268 K | - | -182 K | 694 K | 446 K | - | 767 K | 893 K | 872 K | - | 865 K | 1.14 M | 740 K | - | 336 K | -604 K | 575 K | - | 1.87 M | 979 K | 603 K | - | -135 K | 73 K | 223 K | - | -12.2 M | -12 M | 893 K | - | -1.35 M | 920 K | -687 K | - | 1.07 M | 987 K | 1.18 M | - | 1.07 M | 873 K | 1.78 M | - | 1.47 M | 1.48 M | 1.58 M | - | 1.87 M | 2.01 M | 1.95 M | - | - | - | - |
Operating Expenses |
2.02 M | 3.17 M | - | 1.98 M | 2.02 M | 2.78 M | - | 1.87 M | 1.89 M | 2.16 M | - | 2.02 M | 2.1 M | 2.04 M | - | 2.07 M | 2.17 M | 1.87 M | - | 1.84 M | 2.16 M | 1.77 M | - | 1.9 M | 1.91 M | 2.26 M | - | 1.81 M | 1.97 M | 2.06 M | - | 2.18 M | 2.17 M | 2.47 M | - | 2.51 M | 4.12 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Quarterly performance
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All numbers in USD currency
The income statement is one of the three key financial reports of a company Air Industries Group (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.