AIR INDUSTRIES GROUP
Business
Air Industries Group manufactures precision components and assemblies for aerospace and defense, including landing gears, flight controls, engine mounts, and jet engine components, operating as a Tier One or Tier Two supplier to prime contractors. Products serve military aircraft platforms (UH-60 Black Hawk, CH-53, F-35, F-18, F-15, E-2D Hawkeye) and commercial aviation (Pratt & Whitney Geared Turbofan engines), with end-users including the U.S. Government, international governments, and commercial airlines. The company operates two manufacturing centers in Long Island, New York and Barkhamsted, Connecticut through three subsidiaries: Air Industries Machining, Nassau Tool Works, and Sterling Engineering Company.
Summary from 10-K filed 2026-03-27
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net Sales | 48 | 55 | 52 | 53 | 59 | |
| Cost of Sales | 40 | 46 | 44 | — | 49 | |
| Gross Profit | 8 | 9 | 7 | 7 | 10 | |
| Operating Expenses | 9 | 8 | 8 | 8 | 8 | |
| (Loss)/Income from Operations | −338,000 | 459,000 | −295,000 | −194,000 | 2 | |
| Interest Expense | −1 | −1 | −1 | −851,000 | — | |
| Interest Expense - Related Parties | −356,000 | −472,000 | −472,000 | — | — | |
| Other Income, Net | 743,000 | 68,000 | 84,000 | 139,000 | 405,000 | |
| Loss before Benefit From Income Taxes | −1 | −1 | −2 | −1 | 2 | |
| Benefit from Income Taxes | −131,000 | — | — | — | — | |
| Net Loss | −1 | −1 | −2 | −1 | 2 | |
| Loss per share - Basic and diluted (in Dollars per share) | −0.31 | −0.41 | −0.65 | −0.33 | 0.51 | |
| Loss per share - Diluted (in Dollars per share) | −0.31 | −0.41 | −0.65 | −0.33 | 0.45 | |
| Weighted Average Shares Outstanding - Basic and diluted (in Shares) | 4 | 3 | 3 | 3 | 3 | |
| Weighted Average Shares Outstanding - Diluted (in Shares) | 4 | 3 | 3 | 3 | 4 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash | 680,000 | 753,000 | 346,000 | — | — | |
| Restricted Cash | 4 | — | — | — | — | |
| Accounts Receivable, Net of Allowance for Credit Losses of $464,000 and $396,000 | 7 | 9 | — | — | — | |
| Inventory | 34 | 29 | 30 | 32 | 30 | |
| Prepaid Expenses and Other Current Assets | 766,000 | 371,000 | 297,000 | 307,000 | 226,000 | |
| Contract Costs Receivable | — | 296,000 | 296,000 | 296,000 | — | |
| Prepaid Taxes | 76,000 | 56,000 | 37,000 | 28,000 | 22,000 | |
| Total Current Assets | 47 | 39 | 39 | 42 | 41 | |
| Property and Equipment, Net | 10 | 9 | 8 | 8 | 8 | |
| Finance Lease Right-Of-Use-Assets | 916,000 | 1 | 970,000 | 375,000 | — | |
| Operating Lease Right-Of-Use-Assets | 514,000 | 1 | 2 | 2 | 3 | |
| Deferred Financing Costs, Net, Deposits and Other Assets | 614,000 | 712,000 | 1 | 532,000 | 960,000 | |
| TOTAL ASSETS | 58 | 51 | 51 | 54 | 53 | |
| Debt | 24 | 18 | 16 | — | — | |
| Accounts Payable and Accrued Expenses | 8 | 7 | 6 | 8 | 7 | |
| Operating Lease Liabilities | 702,000 | 881,000 | 880,000 | 778,000 | 686,000 | |
| Deferred Gain on Sale | 28,000 | 38,000 | 38,000 | 38,000 | — | |
| Customer Deposits | 391,000 | 1 | 4 | — | — | |
| Total Current Liabilities | 38 | 27 | 27 | 24 | 23 | |
| Debt | 2 | 2 | 1 | 5 | — | |
| Operating Lease Liabilities | — | 702,000 | 2 | 2 | 3 | |
| Deferred Gain on Sale | — | 29,000 | 67,000 | 105,000 | 38,000 | |
| TOTAL LIABILITIES | 39 | 36 | 36 | 37 | 36 | |
| Commitments and Contingencies (see Note 12) | — | — | — | — | — | |
| Preferred Stock, par value $.001 - Authorized 3,000,000 shares, 0 shares outstanding, at both December 31, 2025 and December 31, 2024. | — | — | — | — | — | |
| Common Stock - Par Value $.001 - Authorized 6,000,000 shares, 4,776,454 and 3,474,970 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 5,000 | 3,000 | 3,000 | 3,000 | 3,000 | |
| Additional Paid-In Capital | 90 | 84 | 83 | 82 | 82 | |
| Accumulated Deficit | −70 | −69 | −68 | −66 | −65 | |
| TOTAL STOCKHOLDERS EQUITY | 19 | 15 | 15 | 17 | 17 | |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | 58 | 51 | 51 | 54 | 53 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation of property and equipment | 2 | 2 | 2 | 3 | 3 | |
| Stock-based Compensation | 1 | 797,000 | 482,000 | 526,000 | 443,000 | |
| Amortization of Finance Lease Right-of-Use Assets | 197,000 | 176,000 | 84,000 | — | 492,000 | |
| Amortization of Operating Lease Right-of-Use Assets | 676,000 | 676,000 | 607,000 | 545,000 | — | |
| Deferred gain on sale of real estate | −39,000 | −38,000 | −38,000 | — | — | |
| (Gain)/Loss on sale of equipment | −68,000 | −15,000 | 14,000 | — | — | |
| Allowances for Credit Losses | 68,000 | 52,000 | — | −313,000 | −86,000 | |
| Amortization of deferred financing costs | 69,000 | 68,000 | 68,000 | 65,000 | 150,000 | |
| Accounts receivable | 2 | −1 | 2 | 1 | −2 | |
| Inventory | −5 | 1 | 2 | −2 | 3 | |
| Prepaid expenses and other current assets | −395,000 | −74,000 | 10,000 | −81,000 | −53,000 | |
| Contract costs receivable | 296,000 | — | — | — | — | |
| Prepaid taxes | −20,000 | −19,000 | −9,000 | −6,000 | −7,000 | |
| Deposits and other assets | 29,000 | 375,000 | −600,000 | −194,000 | −193,000 | |
| Accounts payable and accrued expenses | 888,000 | 961,000 | −1 | 1 | −2 | |
| Operating lease liabilities | −881,000 | −879,000 | −779,000 | −686,000 | — | |
| Customer deposits | −724,000 | −2 | 3 | — | — | |
| NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES | −1 | 324,000 | 5 | 448,000 | 4 | |
| Purchase of property and equipment | −3 | −2 | −2 | −2 | −1 | |
| Proceeds from sale of fixed assets | 200,000 | 16,000 | 7,000 | — | — | |
| NET CASH USED IN INVESTING ACTIVITIES | −3 | −2 | −2 | −2 | −1 | |
| Note payable - revolver - net - Current Credit Facility | 5 | 2 | −3 | 916,000 | — | |
| Proceeds from term loan - Current Credit Facility | 2 | 1 | 740,000 | — | — | |
| Proceeds from term loan - Solar Facility | — | 8,000 | 393,000 | — | — | |
| Net proceeds from Common Stock issued for cash | 5 | 327,000 | — | — | — | |
| Payments for taxes related to net share settlement of equity awards | −127,000 | — | — | — | — | |
| Payments of subordinated Notes - Related party | −1 | — | — | — | — | |
| Payments of term loan - Current Credit Facility | −1 | −869,000 | −1 | — | — | |
| Payments of finance lease obligations | −223,000 | −196,000 | −123,000 | −284,000 | — | |
| Payments of loan payable - financed asset | −9,000 | −9,000 | −9,000 | — | — | |
| NET CASH PROVIDED BY FINANCING ACTIVITIES | 8 | 2 | −3 | 2 | −5 | |
| NET INCREASE IN CASH | 4 | 407,000 | 65,000 | −346,000 | — | |
| Cash paid during the year for interest | 2 | 2 | 2 | 6,000 | 7,000 | |
| Cash paid during the year for taxes | 21,000 | 20,000 | 6,100 | — | — | |
| Financing from Solar Credit Facility directly to contractor | — | 533,000 | — | — | — | |
| Acquisition of financed lease asset | — | 319,000 | — | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is AIR INDUSTRIES GROUP's CIK number?
AIR INDUSTRIES GROUP's SEC CIK number is 0001009891 (1009891). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find AIR INDUSTRIES GROUP's SEC filings?
All of AIR INDUSTRIES GROUP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did AIR INDUSTRIES GROUP last report earnings?
AIR INDUSTRIES GROUP (AIRI) most recently filed an earnings 8-K with the SEC on Feb 17, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001213900-26-016859). This is AIR INDUSTRIES GROUP's most recent earnings filing of record — not a forecast of its next earnings date.
What is AIR INDUSTRIES GROUP's most recent earnings 8-K?
AIR INDUSTRIES GROUP's latest earnings 8-K (Item 2.02) was filed Feb 17, 2026 under accession 0001213900-26-016859. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View AIR INDUSTRIES GROUP's latest earnings 8-K →
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