Air T Inc. (AIRT) Insider, 13F Hedge Fund & Politician Buy/Sell Thermometer

Per the Roarable RQD rating, AIRT scores 36 out of 100, a letter grade of D-, with the verdict "Roarable Sell — Vulnerable Balance Sheet & Flow." The fundamental cash engine pillar scores 1 of 20 (ROIC -35%; FCF yield 0%), the weakest result in the framework, indicating the business is not currently generating a return on invested capital or free cash flow yield that would support valuation. The whale 13F flow pillar scores 13 of 20 (institutional accumulation and options positioning), the strongest pillar, suggesting some institutional interest. The insider conviction pillar scores 5 of 20 (SEC Form 4 and Congressional PTR cluster flow). The macro regime fit pillar scores 13 of 20 (beta 1.0; sector sensitivity). The forensic balance sheet pillar scores 4 of 20, drawing on an Altman Z of 0.87, a Piotroski F of 3/9, and a Debt/Equity of 0.5. For a prospective investor, the rating points to a stock whose upside case depends on improving cash generation and balance sheet strength, both of which the rating currently flags as weak. Institutional positioning is the only pillar near the middle of its range, and it does not offset the fundamental and forensic weaknesses. Any valuation discussion should be weighed against negative ROIC and zero FCF yield, and against an Altman Z in the distress-signal range as reported in the rating inputs.

Per the SEC financials, FY 2025 shows an operating loss of $-11.2M against reported net income of $78.0M, and free cash flow of $-41.5M. Per the market data section, the operating margin is -3.4%, the net margin is 23.8%, and the gross margin is 0%. ROIC is reported at -35%. Per the Roarable RQD rating, the forensic balance sheet metrics are an Altman Z-Score of 0.87 and a Piotroski F-Score of 3/9, with a Debt/Equity of 0.5. Not available in source data for a full balance sheet debt figure.

Per the recent news and catalysts section, five items reference AIRT: a Stock Titan report on market action and positioning (YELLOW), a Yahoo! Finance Canada seasonal returns chart (YELLOW), a MarketBeat report that AIRT shares crossed below their 200-day moving average (YELLOW), a Yahoo Finance Zacks analyst blog mention (YELLOW), a TradingView OTC listing page (YELLOW), and a Stock Traders Daily risk allocation piece (RED, labeled RISK WATCH). The only item flagged RED is the Stock Traders Daily piece. Per the Butterfly Supply-Chain Graph, the supply chain is listed as NONE, with no butterfly links and no proprietary signals.

• What drove the FY 2025 gap between an operating loss of $-11.2M and reported net income of $78.0M, and what is the composition of that net income?
• What is the company's total debt, given the debt field is N/A across all reported periods?
• What are the EPS, P/E, and EV/EBITDA figures, which are not available in source data?
• What are the company's specific revenue sources, customers, and business segments?
• What are the analyst consensus ratings and price targets, and who are the significant institutional and insider holders?