Air Industries Group (AIRI)

Air Industries Group Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	0.13	0.75	0.35	0.28	0.63	2.51
Cash & Short-Term Investments	0.13	0.75	0.35	0.28	0.63	2.51
Cash Growth	-32.26%	117.63%	23.13%	-55.18%	-74.97%	93.59%
Accounts Receivable	6.75	8.9	7.89	9.48	10.47	8.8
Other Receivables	-	0.3	0.3	0.3	-	-
Receivables	6.75	9.2	8.19	9.78	10.47	8.8
Inventory	34.43	28.81	29.85	31.82	29.53	32.12
Prepaid Expenses	0.59	0.43	0.33	0.34	0.25	0.19
Total Current Assets	45.81	39.19	38.72	42.22	40.88	43.61
Property, Plant & Equipment	11.52	11.11	10.88	11.07	11.42	13.09
Goodwill	-	-	-	-	0.16	0.16
Long-Term Deferred Charges	0.61	0.71	1.11	0.53	0.96	0.91
Total Assets	57.95	51.01	50.72	53.81	53.43	57.78
Accounts Payable	9.06	5.58	5.46	6.44	5.46	7.24
Accrued Expenses	-	1.44	0.63	1.1	1.26	1.44
Current Portion of Long-Term Debt	27.1	18.36	16.04	14.48	14.11	16.48
Current Portion of Leases	0.93	0.88	0.88	0.78	0.69	0.7
Current Unearned Revenue	0.48	1.15	3.6	0.82	1.51	0.96
Other Current Liabilities	-	-	-	-	0.37	0.51
Total Current Liabilities	37.56	27.41	26.6	23.62	23.4	27.33
Long-Term Debt	0.71	6.91	6.39	10.46	8.99	10.79
Long-Term Leases	0.84	1.71	2.47	2.79	3.5	3.93
Long-Term Unearned Revenue	-	0.03	0.07	0.11	0.14	0.18
Other Long-Term Liabilities	-	-	-	-	-	0.44
Total Liabilities	39.11	36.06	35.53	36.98	36.04	42.67
Common Stock	0.01	0	0	0	0	0.03
Additional Paid-In Capital	89.4	84.05	82.93	82.45	81.92	81.24
Retained Earnings	-70.56	-69.11	-67.74	-65.61	-64.53	-66.16
Total Common Equity	18.84	14.95	15.19	16.84	17.39	15.11
Shareholders' Equity	18.84	14.95	15.19	16.84	17.39	15.11
Total Liabilities & Equity	57.95	51.01	50.72	53.81	53.43	57.78
Total Debt	29.57	27.87	25.77	28.51	27.29	31.9
Net Cash (Debt)	-29.44	-27.11	-25.43	-28.23	-26.66	-29.4
Net Cash Per Share	-7.62	-8.13	-7.76	-8.75	-8.32	-9.56
Filing Date Shares Outstanding	4.78	3.69	3.32	3.26	3.22	3.2
Total Common Shares Outstanding	4.77	3.47	3.3	3.25	3.21	3.19
Working Capital	8.25	11.78	12.12	18.6	17.48	16.28
Book Value Per Share	3.95	4.30	4.60	5.18	5.41	4.74
Tangible Book Value	18.84	14.95	15.19	16.84	17.23	14.95
Tangible Book Value Per Share	3.95	4.30	4.60	5.18	5.36	4.68
Land	0.31	0.3	0.3	0.3	0.3	0.3
Buildings	2.74	2.74	2.21	1.79	1.72	1.68
Machinery	44.21	42.01	40.04	38.47	35.95	34.73
Leasehold Improvements	1.14	1.14	1.03	0.94	0.88	0.86
Order Backlog	-	117.9	98.3	85.7	75	81.1

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q