v3.25.2
EQUITY METHOD INVESTMENTS (Tables)
 12 Months Ended
Mar. 31, 2025
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Equity Method Investments
CAM's HLBV net assets, including common interests and investor interests, was $37.8 million and $29.6 million as of March 31, 2025 and 2024, respectively. Additionally, contributions from and distributions to both Air T and MRC for the fiscal year ended March 31, 2025 and 2024 are as follows (in thousands):
Year Ended March 31,
20252024
Contributions$7,029 $4,095 
Distributions$11,847 $4,852 
Investment balances for the Company's equity method investees as of March 31, 2025 and 2024 is as follows (in thousands):
InvestmentMarch 31, 2025March 31, 2024
Lendway$729 $2,339 
CCI3,889 3,723 
CAM12,428 7,397 
Other equity method investments1,957 3,194 
Total$19,003 $16,653 
Summarized income statement financial information for the Company's equity method investees accounted for on a three month lag for the twelve months ended December 31, 2024 and December 31, 2023 are as follows (in thousands):
Twelve Months Ended December 31,
20242023
Revenue$174,810 $143,208 
Gross Profit20,942 19,137 
Operating (loss) income(1,150)4,843 
Net (loss) income(3,347)8,765 
Net (loss) income attributable to Air T, Inc. stockholders$(1,286)$1,862 
Summarized balance sheet financial information for the Company's equity method investees accounted for on a three month lag as of December 31, 2024 and December 31, 2023 are as follows (in thousands):
December 31,
20242023
Current assets$48,327 $49,101 
Noncurrent assets119,881 40,971 
Total assets168,208 90,072 
Current liabilities34,594 28,656 
Noncurrent liabilities101,151 19,262 
Total liabilities135,745 47,918 
Noncontrolling interests2,841 689 
The summarized income statement financial information for the Company's equity method investees accounted for without a reporting lag for the fiscal years ended March 31, 2025 and 2024 are as follows (in thousands):
Year Ended March 31,
20252024
Revenue$31,516 $27,306 
Gross Profit11,949 8,356 
Operating (loss) income(228)1,311 
Net income (loss)6,374 (1,552)
Net income (loss) attributable to Air T, Inc. stockholders$3,054 $(80)
Summarized balance sheet financial information for the Company's equity method investees accounted for on a three month lag as of March 31, 2025 and 2024 are as follows (in thousands):
March 31,
20252024
Current assets$41,947 $37,275 
Noncurrent assets26,856 28,460 
Total assets68,803 65,735 
Current liabilities6,194 5,959 
Noncurrent liabilities1,090 1,399 
Total liabilities7,284 7,358 
Noncontrolling interests— — 
Net income (loss) attributable to Air T, Inc. stockholders for the Company's equity method investees, included in non-operating (expense) income on the condensed consolidated statements of income (loss), including basis difference adjustments and other comprehensive income adjustments, during the fiscal years ended March 31, 2025 and 2024 is as follows (in thousands):
Year Ended March 31,
Investment20252024
Lendway$(1,609)$659 
CCI165 1,041 
CAM2,919 (184)
Other equity method investments225 173 
Total$1,700 $1,689 
The Company's equity method investees may, from time to time, make distributions and dividends to the Company in accordance with accumulated earnings at the investee. For the fiscal years ended March 31, 2025 and 2024, the Company received distributions and dividends from equity method investees as follows (in thousands):

Year Ended March 31,
Investment20252024
Lendway $— $— 
CCI— 452 
CAM4,907 2,275 
Other equity method investments1,458 465 
Total$6,365 $3,192