AIR INDUSTRIES GROUP
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $47.9M | $55.1M | $51.5M | $53.2M | $58.9M |
| Cost of revenue | $39.7M | $46.2M | $44.1M | $45.8M | $48.7M |
| Gross profit | $8.2M | $8.9M | $7.4M | $7.5M | $10.3M |
| Operating expenses | $8.5M | $8.5M | $7.7M | $7.6M | $7.8M |
| Operating income | -$338,000 | $459,000 | -$295,000 | -$194,000 | $2.5M |
| Interest expense | $1.5M | $1.4M | $1.4M | $851,000 | $460,000 |
| Pretax income | -$1.4M | -$1.4M | -$2.1M | -$1.1M | $1.6M |
| Income tax expense | -$131,000 | — | — | — | — |
| Net income | -$1.3M | -$1.4M | -$2.1M | -$1.1M | $1.6M |
| Balance Sheet | |||||
| Cash and equivalents | — | — | $346,000 | $281,000 | $627,000 |
| Current assets | $46.8M | $39.2M | $38.7M | $42.2M | $40.9M |
| Total assets | $58.3M | $51.0M | $50.7M | $53.8M | $53.4M |
| Current liabilities | $37.6M | $27.4M | $26.6M | $23.6M | $23.4M |
| Total liabilities | $39.1M | $36.1M | $35.5M | $37.0M | $36.0M |
| Stockholders' equity | $19.2M | $14.9M | $15.2M | $16.8M | $17.4M |
| Cash Flow Statement | |||||
| Cash from operations | -$1.4M | $324,000 | $4.9M | $448,000 | $4.1M |
| Depreciation and amortization | $2.5M | $2.1M | $2.3M | $2.5M | $2.8M |
| Stock-based compensation | $1.0M | $797,000 | $482,000 | $526,000 | $443,000 |
| Capital expenditure | $3.3M | $2.3M | $2.1M | $2.4M | $1.4M |
| Free cash flow | -$4.7M | -$2.0M | $2.7M | -$1.9M | $2.7M |
| Impairments | — | — | — | $163,000 | — |
Shares outstanding 4.9M · Free float 31.3%
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.