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Equity Method Investments (Tables)
3 Months Ended
Jun. 30, 2025
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Equity Method Investments
CCI and Lendway's combined summarized unaudited financial information for the three months ended March 31, 2025 and 2024 is as follows (in thousands):
Three Months Ended
March 31, 2025March 31, 2024
Revenue$41,670 $45,757 
Gross Profit5,363 6,006 
Operating income1,685 1,206 
Net income$368 $1,102 
CAM's HLBV net assets, including common interests and investor interests, was $37.3 million and $27.1 million as of June 30, 2025 and 2024, respectively. Additionally, contributions from and distributions to both Air T and MRC for the three months ended June 30, 2025 and 2024 is as follows (in thousands):
Three Months Ended
June 30, 2025June 30, 2024
Contributions$3,767 $— 
Distributions$2,515 $1,613 
Investment balances for the Company's equity method investees as of June 30, 2025 and March 31, 2025 is as follows (in thousands):
InvestmentJune 30, 2025March 31, 2025
Lendway$858 $729 
CCI3,860 3,889 
CAM13,385 12,428 
Other equity method investments1,797 1,957 
Total$19,900 $19,003 
Net income (loss) attributable to Air T, Inc. stockholders for the Company's equity method investees, included in non-operating (expense) income on the condensed consolidated statements of income (loss), including basis difference adjustments, during the three months ended June 30, 2025 and 2024 is as follows (in thousands):
Three Months Ended
InvestmentJune 30, 2025June 30, 2024
Lendway$123 $(290)
CCI(29)674 
CAM(251)1,495 
Other equity method investments138 44 
Total$(19)$1,923 
The Company's equity method investees may, from time to time, make distributions and dividends to the Company in accordance with accumulated earnings at the investee. For the three months ended June 30, 2025 and 2024, the Company received distributions and dividends from equity method investees as follows (in thousands):
Three Months Ended
InvestmentJune 30, 2025June 30, 2024
Lendway$— $— 
CCI— — 
CAM829 1,626 
Other equity method investments298 933 
Total$1,127 $2,559