--- title: "Air Industries | 10-K: FY2025 Revenue: USD 47.92 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/280848910.md" datetime: "2026-03-27T21:24:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280848910.md) - [en](https://longbridge.com/en/news/280848910.md) - [zh-HK](https://longbridge.com/zh-HK/news/280848910.md) --- # Air Industries | 10-K: FY2025 Revenue: USD 47.92 M Revenue: As of FY2025, the actual value is USD 47.92 M. EPS: As of FY2025, the actual value is USD -0.31. EBIT: As of FY2025, the actual value is USD 1.503 M. #### Segment Revenue by Product Type Air Industries Group’s military revenue was $27,921,000 in 2025, decreasing from $38,498,000 in 2024, while commercial revenue increased to $20,000,000 in 2025 from $16,610,000 in 2024. #### Customer and Platform Concentration In 2025, RTX accounted for 36.2% of net sales, up from 29.3% in 2024, and Lockheed Martin represented 32.3%, an increase from 25.1% in 2024. Northrop’s share decreased to 6.7% in 2025 from 18.3% in 2024. The Pratt & Whitney Geared Turbo-Fan Engine (GTF) platform’s contribution to net sales rose to 31.4% in 2025 from 22.0% in 2024, and the CH-53 Helicopter platform’s share increased to 12.0% from 3.4% in 2024. Conversely, the UH-60 Black Hawk Helicopter platform’s share decreased to 21.0% in 2025 from 23.1% in 2024, and the E-2D Hawkeye platform’s share fell to 9.1% from 24.0% in 2024. #### Operational Metrics Cost of sales was $39,734,000, representing 82.9% of net sales in 2025, a decrease from $46,176,000 or 83.8% of net sales in 2024. Gross profit decreased to $8,187,000 in 2025 from $8,932,000 in 2024, but the gross profit percentage improved to 17.1% in 2025 from 16.2% in 2024. Operating expenses totaled $8,525,000 in 2025, an increase of $52,000 from $8,473,000 in 2024, rising to 17.8% of consolidated net sales in 2025 from 15.4% in 2024. The net loss for 2025 was -$1,305,000, a slight improvement from a net loss of -$1,366,000 in 2024. Interest expense decreased by $52,000 to $1,841,000 in 2025, which included $356,000 in related party interest expense, down from $472,000 in 2024. #### Cash Flow Net cash used in operating activities was -$1,352,000 in 2025, compared to $324,000 provided in 2024. Net cash used in investing activities increased to -$3,122,000 in 2025 from -$2,285,000 in 2024, primarily due to investments in property and equipment. Net cash provided by financing activities significantly increased to $8,331,000 in 2025 from $2,368,000 in 2024. Cash at the end of 2025 was $4,610,000, a substantial increase from $753,000 in 2024. #### Unique Metrics Backlog increased by 16.0% to $136.8 million as of December 31, 2025, from $117.9 million on December 31, 2024, with the majority expected to ship within the next 24 months. Total unfilled contract values reached $270.1 million as of December 31, 2025, including funded backlog and potential orders. Bookings decreased by 8.5% to $65,000,000 in 2025 from $71,000,000 in 2024. The book-to-bill ratio improved to 1.36x in 2025 from 1.29x in 2024. Investment in property and equipment was $3,322,000 in 2025, up from $2,301,000 in 2024. Inventory increased to $34,261,000 in 2025 from $28,811,000 in 2024. Total indebtedness was approximately $30.1 million as of December 31, 2025, with significant portions maturing by September and October 2026. #### Outlook / Guidance Air Industries Group anticipates a brighter future in fiscal 2026, driven by securing new contracts, operational improvements, and the completion of the Merger Agreement. The company expects sales to include new orders not yet in backlog, contingent on timely raw material procurement and customer acceptance. However, extended lead times for raw materials and complex manufacturing are projected to delay revenue acceleration until late 2026. ### Related Stocks - [AIRI.US](https://longbridge.com/en/quote/AIRI.US.md) ## Related News & Research - [Yext to Announce First Quarter Fiscal Year 2027 Financial Results on June 2, 2026 | YEXT Stock News](https://longbridge.com/en/news/286970613.md) - [Home Depot Was Once My Greatest Investment, But Now It's a Flaming Mess](https://longbridge.com/en/news/286951517.md) - [08:47 ETRevive Unveils Major Revive AI Upgrade To Help Agents Show Homeowners Their True Selling Potential](https://longbridge.com/en/news/287068305.md) - [Data I/O Q1 revenue falls 47% on lower bookings](https://longbridge.com/en/news/286464269.md) - [Did Margin Gains and Buybacks Just Sharpen Travelers' (TRV) Risk‑Reward Profile?](https://longbridge.com/en/news/287134590.md)