15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $48M | -$1M | 17.1% | -0.7% | -$5M | $6M | $5M |
| 2024 | $55M | -$1M | 16.2% | 0.8% | -$2M | $5M | $753000 |
| 2023 | $52M | -$2M | 14.4% | -0.6% | $3M | $5M | $346000 |
| 2022 | $53M | -$1M | 14.0% | -0.4% | -$2M | $19M | $281000 |
| 2021 | $59M | $2M | 17.4% | 4.2% | $3M | $9M | $627000 |
| 2020 | $50M | $1M | 13.0% | -2.9% | -$5M | $5M | $3M |
| 2019 | $55M | -$3M | 16.8% | 0.6% | -$2M | $3M | — |
| 2018 | $45M | -$11M | 12.2% | -11.0% | -$4M | $3M | — |
| 2017 | $50M | -$23M | 9.8% | -25.6% | -$6M | $2M | — |
| 2016 | — | -$16M | — | — | -$2M | $3M | — |
| 2015 | — | -$832000 | — | — | -$2M | $4M | — |
| 2014 | — | $667000 | — | — | -$3M | $8M | — |
| 2013 | — | $4M | — | — | $9M | $3M | — |
| 2012 | — | $3M | — | — | $635000 | $5M | — |
| 2011 | — | $2M | — | — | $3M | $9M | — |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $12M | -$1M | 22.4% | -4.9% | -$2M | $6M | $4M |
| Dec '25 | $13M | $149000 | 14.3% | 0.7% | -$902000 | $6M | $5M |
| Sep '25 | $10M | -$44000 | 22.3% | 3.1% | -$4M | $24M | $4M |
| Jun '25 | $13M | -$422000 | 16.0% | 0.1% | -$551000 | $6M | $507000 |
| Mar '25 | $12M | -$988000 | 16.8% | -6.1% | $308000 | $7M | $285000 |
| Dec '24 | $15M | -$554000 | 16.4% | -0.7% | -$985000 | $5M | $753000 |
| Sep '24 | $13M | -$404000 | 15.5% | 0.5% | -$95000 | $5M | $186000 |
| Jun '24 | $14M | $298000 | 19.5% | 5.5% | -$554000 | — | $247000 |
| Mar '24 | $14M | -$706000 | 13.6% | -1.8% | -$343000 | $5M | $225000 |
| Dec '23 | $13M | $181000 | 16.0% | 4.4% | -$2M | $5M | $346000 |
| Sep '23 | $12M | -$1M | 10.0% | -6.5% | $5M | $15M | $740000 |
| Jun '23 | $13M | -$395000 | 16.4% | 0.5% | -$442000 | — | $837000 |
| Mar '23 | $13M | -$618000 | 15.0% | -1.3% | $465000 | — | $1M |
| Dec '22 | $14M | -$899000 | 5.1% | -5.9% | $140000 | $19M | $281000 |
| Sep '22 | $13M | -$142000 | 16.9% | 1.3% | -$1M | — | $192000 |
| Jun '22 | $14M | -$7000 | 17.3% | 1.8% | -$2M | — | $930000 |
| Mar '22 | $12M | -$28000 | 17.2% | 1.7% | $855000 | $9M | $364000 |
| Dec '21 | $15M | $2M | 24.9% | 12.0% | $1M | $9M | $627000 |
| Sep '21 | $14M | -$66000 | 14.0% | 1.2% | $2M | $4M | $692000 |
| Jun '21 | $15M | $239000 | 16.8% | 2.8% | -$1M | $4M | $515000 |
How the market has priced AIRI against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, AIR INDUSTRIES GROUP's revenue has declined 0.9% per year. These are computed facts, not advice.
As of FY2025, AIR INDUSTRIES GROUP reported $6M of total debt against $5M of cash; operating income covered interest expense -0.2×.
In FY2025, gross margin was 17.1%, operating margin -0.7%, and net margin -2.7%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.