v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Mar. 31, 2026
Current Assets:    
Cash and cash equivalents $ 16,667 $ 20,332
Marketable securities 1,247 1,026
Restricted cash 4,987 4,938
Accounts receivable, net of allowance for doubtful accounts of $1,706 and $1,614 33,304 39,889
Income tax receivable 676 196
Inventories, net 90,056 77,127
Prepaid expenses 6,710 8,851
Other current assets 4,475 7,617
Total Current Assets 158,122 159,976
Notes receivable 8,292 9,286
Property and equipment, net of accumulated depreciation of $27,446 and $18,571 175,185 162,024
Intangible assets, net of accumulated amortization of $8,667 and $8,046 57,083 13,029
Right-of-use ("ROU") assets 17,380 14,594
Equity method investments 27,858 26,068
Deferred income tax assets, net 266 102
Goodwill 19,592 11,818
Other assets 5,285 7,466
Total Assets 469,063 409,123
Current Liabilities:    
Accounts payable 41,017 36,971
Income taxes payable 977 687
Accrued expenses and other (Note 4) 55,766 49,717
Current portion of earnout liabilities 0 198
Short-term lease liabilities 3,888 3,403
Total Current Liabilities 110,694 95,524
Long-term debt 237,290 204,563
Deferred income tax liabilities, net 9,329 3,359
Long-term lease liabilities 14,553 12,189
Long-term earnout liabilities 12,388 244
Other non-current liabilities 1,651 2,023
Total Liabilities 385,905 317,902
Redeemable non-controlling interests 16,291 10,346
Commitments and contingencies (Note 14)
Air T, Inc. Stockholders' Equity:    
Preferred stock, $1.00 par value, 4,000,000 shares authorized 0 0
Common stock, $0.25 par value; 4,000,000 shares authorized, 3,030,245 shares issued, 2,691,664 and 2,701,375 shares outstanding 758 758
Treasury stock, 338,581 shares at $19.63 and 328,870 shares at $19.56 (6,648) (6,432)
Additional paid-in capital 1,687 1,122
Retained earnings 64,304 80,113
Accumulated other comprehensive income 5,099 4,249
Total Air T, Inc. Stockholders' Equity 65,200 79,810
Non-controlling Interests 1,667 1,065
Total Equity 66,867 80,875
Total Liabilities and Equity 469,063 409,123
CAM    
Current Assets:    
Equity method investments 4,502 10,322
Bloomia    
Current Assets:    
Equity method investments 4,111 0
Nonrelated party    
Current Liabilities:    
Current portion of long-term debt 9,046 3,633
Nonrelated party | CAM    
Current Assets:    
Notes receivable 0 1,160
Related party    
Current Liabilities:    
Current portion of long-term debt 0 915
Related party | Bloomia    
Current Assets:    
Notes receivable $ 0 $ 3,600