AIR INDUSTRIES GROUP
AIRINYSEIndustrials · Aircraft Parts & Auxiliary Equipment, NEC · NV · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $47.9M | $55.1M | $51.5M | $53.2M | $58.9M | $50.1M |
| Operating income | −$338,000 | $459,000 | −$295,000 | −$194,000 | $2.5M | −$1.4M |
| Net income | −$1.3M | −$1.4M | −$2.1M | −$1.1M | $1.6M | $1.1M |
| Total assets | $58.3M | $51.0M | $50.7M | $53.8M | $53.4M | $57.8M |
| Total liabilities | $39.1M | $36.1M | $35.5M | $37.0M | $36.0M | $42.7M |
| Equity | $19.2M | $14.9M | $15.2M | $16.8M | $17.4M | $15.1M |
| EPS (diluted) | $-0.31 | $-0.41 | $-0.65 | $-0.33 | $0.45 | $0.05 |
| Shares out. | 3.7M | 3.3M | 3.3M | 32.2M | 32.0M | 30.5M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −0.7%
- Net margin
- −2.7%
- Return on equity
- −6.8%
- Return on assets
- −2.2%
- Return on capital (ROCE)
- −1.6%
- Liabilities / assets
- 67.1%
- Debt / equity
- 2.04×
- Book value / share
- $5.20
- Revenue growth (YoY)
- −13.0%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -2.43distress
- Accruals / assets
- 0.1%clean
- Piotroski F-Score
- 2/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 4 warning● 1 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- Negative operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Apr 1, 2025
- NT 10-Kmissed a reporting deadline ↗Apr 2, 2024
- NT 10-Q/Amissed a reporting deadline ↗Nov 21, 2023
- NT 10-Qmissed a reporting deadline ↗Nov 15, 2023
- NT 10-Qmissed a reporting deadline ↗Aug 15, 2023
- NT 10-Qmissed a reporting deadline ↗May 16, 2023
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Star Equity Fund, LpActivist (13D)May 28, 2026
- Frischer Charles LActivist (13D)Mar 23, 2026
- Taglich Michael NActivist (13D)Feb 13, 2026
- Taglich RobertActivist (13D)Feb 13, 2026
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Glassman ScottOfficer — Acting CEO and President | Apr 27, 2026 | Option exercise | 20,427 | — |
| Porcelain MichaelDirector | Apr 10, 2026 | Grant | 4,484 | $3.19 |
| Taglich Michael NDirector | Jan 5, 2026 | J | 11,998 | $2.84 |
| Taglich RobertDirector | Jan 5, 2026 | J | 11,998 | $2.84 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 23,583 | 1.0 | -28.4% |
| Apr 30, 2026 | 32,948 | 1.2 | +117.3% |
| Apr 15, 2026 | 15,160 | 1.0 | -55.4% |
| Mar 31, 2026 | 33,990 | 1.0 | -44.9% |
| Mar 13, 2026 | 61,633 | 1.0 | -18.8% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Director / officer changeMar 20, 2026
- Director / officer changeMar 16, 2026
- Entered a material agreementFeb 27, 2026
- Entered a material agreement · Unregistered equity sale · Regulation FD disclosureFeb 17, 2026
- Results of operationsFeb 17, 2026
- Entered a material agreementDec 16, 2025
- Results of operationsNov 14, 2025
- Entered a material agreementSep 15, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- SDSPECIALIZED DISCLOSURE REPORTJun 1, 2026
- SCHEDULE 13D/AMay 28, 2026
- 10-QQUARTERLY REPORTMay 13, 2026
- PREM14APRELIMINARY PROXY STATEMENTMay 5, 2026
- 4Apr 28, 2026
- 4OWNERSHIP DOCUMENTApr 13, 2026
- 10-KANNUAL REPORTMar 27, 2026
- SCHEDULE 13DMar 23, 2026
- 8-KCURRENT REPORTMar 20, 2026
- 8-KCURRENT REPORTMar 16, 2026
- 8-KCURRENT REPORTFeb 27, 2026
- 4Feb 17, 2026
- 4Feb 17, 2026
- 4Feb 17, 2026
- 4Feb 17, 2026