Air Industries Group filed its quarterly report on Form 10-Q for the period ended September 30, 2026, disclosing third-quarter net sales of $14,551,000 and a net income of $946,000, alongside a nine-month net loss of $920,000.

Key Highlights

  • Q3 net sales of $14,551,000 compared to $10,309,000 in the same quarter of 2025, according to the filing.
  • Q3 net income of $946,000 ($0.19 per basic and diluted share) versus a net loss of $44,000 in Q3 2025.
  • Nine-month net loss of $920,000 ($0.19 per basic and diluted share) compared to a net loss of $1,454,000 for the same period in 2025.
  • Total assets of $58,159,000 as of September 30, 2026, down slightly from $58,329,000 at December 31, 2025.
  • Accumulated deficit of $71,332,000 as of September 30, 2026, compared to $70,412,000 at December 31, 2025.
  • 4,856,181 shares of common stock outstanding as of November 12, 2026.
  • Inventory increased to $36,207,000 from $34,261,000 at December 31, 2025.

Air Industries Group Reports Q3 2026 Results and Financial Position

According to the filing, Air Industries Group (NYSE American:AIRI) reported net sales of $14,551,000 for the three months ended September 30, 2026, an increase from $10,309,000 in the comparable prior-year quarter. Gross profit for Q3 2026 was $3,705,000 versus $2,295,000 in Q3 2025. The company reported income from operations of $1,299,000 for the quarter, compared to $316,000 in Q3 2025. After interest expense of $401,000, interest expense to related parties of $85,000, and other income of $133,000, the company disclosed net income of $946,000 for the quarter.

For the nine months ended September 30, 2026, the filing reported net sales of $38,152,000 compared to $35,111,000 for the same period in 2025. The nine-month gross profit was $8,790,000 versus $6,357,000 in the prior-year period. Despite the gross profit improvement, operating expenses of $8,422,000 and total interest expense of $1,482,000 (including $257,000 to related parties) contributed to a nine-month net loss of $920,000, compared to a net loss of $1,454,000 in the prior-year period.

The condensed consolidated balance sheet as of September 30, 2026 showed total assets of $58,159,000 and total liabilities of $39,061,000, leaving total stockholders' equity of $19,098,000. Current debt stood at $24,006,000, and subordinated notes owed to related parties totaled $4,871,000. Cash was $702,000 and restricted cash was $3,930,000. The filing also noted that the company's Registration Statement on Form S-4, as amended on October 22, 2026, was declared effective on November 4, 2026, and that forward-looking statements in the report are subject to the company's cautionary language and are not guarantees of future performance.

What Was Disclosed

Air Industries Group filed its Form 10-Q for the quarter ended September 30, 2026, disclosing Q3 net income of $946,000 on net sales of $14,551,000, a nine-month net loss of $920,000, total assets of $58,159,000, and 4,856,181 shares outstanding as of November 12, 2026.