AerSale Corp

Listed Company

ASLECIK 0001754170NasdaqAcceleratedWholesale-Machinery, Equipment & SuppliesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$335.29M

Net Income

$8.57M

Total Assets

$640.47M

Equity

$424.43M

Shares Out

52.99M

Op. Cash Flow

$-22.97M

Business

AerSale Corp provides full-service support to owners and operators of mid-life commercial aircraft, focusing on preserving and extracting value across the second half of aircraft and engine life cycles. It offers Asset Management Solutions and TechOps services, including aircraft and engine acquisition, sale and short-term leasing, disassembly for used serviceable material (USM), component and airframe MRO, and proprietary Engineered Solutions such as AerSafe and AerAware. The company reports through two primary segments—Asset Management Solutions and Technical Operations—and leverages FAA-approved PMA and repair station authorities. AerSale serves a global customer base of passenger and cargo airlines, government agencies, OEMs, MRO providers and leasing companies through a direct sales force, regional representatives and industry channels.

Summary from filing dated 2025-03-11

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	335	345	335	409	340
Total cost of sales	230	241	242	257	221
Gross profit	106	104	92	151	119
Selling, general and administrative expenses	90	94	103	96	77
Income (loss) from operations	16	10	−11	55	57
Interest (expense) income, net	−8	−6	155,000	1	−980,000
Other income, net	3	1	666,000	2	458,000
Change in fair value of warrant liability	85,000	2	2	−525,000	−3
Total other (expense) income, net	−5	−2	3	3	−9
Income (loss) before income tax provision	11	8	−8	58	48
Income tax (expense) benefit	−2	−2	2	−14	−12
Net income (loss)	9	6	−6	44	36
Basic (in dollars per share)	0.18	0.11	−0.15	0.85	0.84
Diluted (in dollars per share)	0.18	0.11	−0.15	0.83	0.76
Basic (in shares)	48	53	51	52	43
Diluted (in shares)	49	53	51	53	47

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	4	5	6	147	130
Accounts receivable, net of allowance for credit losses of $1,173 as of December 31, 2025 and December 31, 2024	43	35	31	28	29
Income tax receivable	2	2	2	—	—
Aircraft, airframes, engines, and parts, net	205	225	178	—	—
Advance vendor payments	6	7	36	28	14
Deposits, prepaid expenses, and other current assets	9	11	13	13	16
Total current assets	269	284	265	334	272
Aircraft and engines held for lease, net	102	68	26	31	73
Property and equipment, net	32	36	28	13	7
Aircraft, airframes, engines, and parts, net	158	131	151	66	78
Operating lease right-of-use assets	30	33	28	32	73
Deferred income taxes	9	10	12	11	10
Deferred financing costs, net	1	1	2	544,000	999,000
Other assets	586,000	595,000	525,000	—	—
Goodwill	20	20	20	20	20
Other intangible assets, net	18	21	22	24	26
Total assets	640	605	554	532	487
Accounts payable	30	34	30	21	20
Accrued expenses	7	7	5	9	8
Income tax payable	329,000	—	—	—	—
Lessee and customer purchase deposits	780,000	2	1	17	33
Current operating lease liabilities	4	4	5	4	—
Current portion of long-term debt	993,000	605,000	1	—	—
Deferred revenue	530,000	2	3	1	3
Deferred insurance proceeds	29	25	—	—	—
Total current liabilities	72	75	46	53	68
Revolving credit facility	110	39	29	—	—
Long-term debt	1	1	7	—	—
Long-term lease deposits	3	3	102,000	152,000	2
Long-term operating lease liabilities	28	31	24	28	—
Maintenance deposit payments and other liabilities	589,000	52,000	64,000	668,000	3
Warrant liability	—	85,000	2	5	4
Total liabilities	216	149	109	87	79
Common stock, $0.0001 par value. Authorized 200,000,000 shares; issued and outstanding 47,221,513 and 53,252,563 shares as of December 31, 2025 and December 31, 2024, respectively	5,000	5,000	5,000	5,000	5,000
Additional paid-in capital	277	316	312	306	314
Retained earnings	148	139	133	139	95
Total stockholders' equity	424	456	445	445	409
Total liabilities and stockholders' equity	640	605	554	532	487

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income (loss)	9	6	−6	44	36
Depreciation and amortization	19	16	10	11	13
Amortization of debt issuance costs	392,000	337,000	400,000	455,000	494,000
Amortization of operating lease assets	557,000	365,000	359,000	873,000	—
Inventory reserve	3	4	2	2	7
Provision for doubtful accounts	—	195,000	—	−395,000	212,000
Deferred income taxes	1	2	−916,000	−2	−3
Share-based compensation	5	4	12	16	13
Accounts receivable	−8	−4	−3	−1	−3
Income tax receivable	266,000	−366,000	−2	—	—
Inventory	−55	−78	−169	−38	−36
Deposits, prepaid expenses, and other current assets	2	1	−2	5	13
Other assets	9,000	−745,000	103,000	893,000	—
Advance vendor payments	1	29	−6	−16	−8
Accounts payable	−5	4	9	1	4
Income tax payable	329,000	—	—	−3	2
Accrued expenses	−232,000	2	−4	417,000	−1
Deferred revenue	−1	−1	2	−2	265,000
Lessee and customer purchase deposits	−449,000	3	−16	−18	35
Deferred insurance proceeds	4	25	—	—	—
Other liabilities	472,000	−12,000	−604,000	−3	−260,000
Net cash (used in) provided by operating activities	−23	11	−174	−113,000	79
Proceeds from sale of assets	6	13	14	53	17
Acquisition of aircraft and engines held for lease, including capitalized costs	−4	−15	—	−7	−2
Purchase of property and equipment	−6	−14	−11	−8	−2
Net cash (used in) provided by investing activities	−4	−16	3	41	13
Proceeds from long-term debt	1	2	9	—	—
Repayments of long-term debt	−710,000	−9	—	—	—
Proceeds from revolving credit facility	305	193	83	—	—
Repayments of revolving credit facility	−235	−182	−54	—	—
Payments of debt issuance costs	−120,000	−126,000	−1	—	—
Purchase of treasury stock	−45	—	—	−22	—
Proceeds from the issuance of Employee Stock Purchase Plan shares	386,000	531,000	566,000	538,000	—
Taxes paid related to net share settlement of equity awards	−37,000	−124,000	−7	−3	—
Net cash provided by financing activities	27	4	30	−24	9
Decrease in cash and cash equivalents	−319,000	−1	−141	17	101
Income tax (refunds) payments, net	−468,000	−13,000	1	21	8
Interest paid	8	6	2	573,000	595,000
Reclassification of inventory to equipment held for lease, net	34	43	7	—	—
Reclassification of inventory to property and equipment, net	3	—	—	—	—
Reclassification of equipment held for lease, net from property and equipment, net	−9	—	—	—	—

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