10-Q
Quarterly Report
AerSale Corporation
ASLE
NASDAQ
CIK: 1754170
File #: 001-38801
Balance Sheet
57 line items · 2 periods
XBRL
| Item | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
Condensed Consolidated Balance Sheets | ||
Assets | ||
Current assets: | ||
Cash and cash equivalents | 5,267,000 | 4,698,000 |
Accounts receivable, net of allowance for credit losses of $1,173 as of September 30, 2025 and December 31, 2024 | 43,614,000 | 34,646,000 |
Income tax receivable | 1,043,000 | 1,994,000 |
Inventory: | ||
Aircraft, airframes, engines, and parts, net | 255,501,000 | 224,832,000 |
Advance vendor payments | 6,188,000 | 6,803,000 |
Deposits, prepaid expenses, and other current assets | 11,362,000 | 11,057,000 |
Total current assets | 322,975,000 | 284,030,000 |
Fixed assets: | ||
Aircraft and engines held for lease, net | 98,007,000 | 67,847,000 |
Property and equipment, net | 31,493,000 | 36,331,000 |
Inventory: | ||
Aircraft, airframes, engines, and parts, net | 115,645,000 | 130,958,000 |
Operating lease right-of-use assets | 29,263,000 | 33,105,000 |
Deferred income taxes | 8,433,000 | 10,171,000 |
Deferred financing costs, net | 1,119,000 | 1,296,000 |
Other assets | 587,000 | 595,000 |
Goodwill | 19,860,000 | 19,860,000 |
ALGS - TechOps | 379,000 | 379,000 |
ACT - TechOps | 6,002,000 | 6,002,000 |
ACS - TechOps | 63,000 | 63,000 |
Asset Management Solutions | 13,416,000 | 13,416,000 |
Other intangible assets, net | 18,894,000 | 20,530,000 |
Total assets | 646,276,000 | 604,723,000 |
Corporate | 13,305,000 | 15,732,000 |
TechOps | 197,038,000 | 205,655,000 |
Asset Management Solutions | 435,933,000 | 383,336,000 |
Liabilities and Stockholder's Equity | ||
Current liabilities: | ||
Accounts payable | 31,134,000 | 34,184,000 |
Accrued expenses | 6,771,000 | 7,400,000 |
Lessee and customer purchase deposits | 490,000 | 1,734,000 |
Current operating lease liabilities | 4,323,000 | 4,356,000 |
Current portion of long-term debt | 993,000 | 605,000 |
Deferred revenue | 907,000 | 1,781,000 |
Deferred insurance proceeds | 28,610,000 | 24,910,000 |
Total current liabilities | 73,228,000 | 74,970,000 |
Revolving credit facility | 123,804,000 | 39,235,000 |
Long-term debt | 1,533,000 | 1,209,000 |
CIBC - Equipment Loan | 2,526,000 | — |
Long-term lease deposits | 3,202,000 | 2,987,000 |
Long-term operating lease liabilities | 26,971,000 | 30,565,000 |
Maintenance deposit payments and other liabilities | 425,000 | 52,000 |
Warrant liability | 32,000 | 85,000 |
Total liabilities | 229,195,000 | 149,103,000 |
Stockholders' equity: | ||
Common stock, $0.0001 par value. Authorized 200,000,000 shares; issued and outstanding 47,185,011 and 53,252,563 shares as of September 30, 2025 and December 31, 2024, respectively | 5,000 | 5,000 |
Additional paid-in capital | 274,776,000 | 316,493,000 |
Retained earnings | 142,300,000 | 139,122,000 |
Total stockholders' equity | 417,081,000 | 455,620,000 |
Retained earnings | 142,300,000 | 139,122,000 |
Additional paid-in capital | 274,776,000 | 316,493,000 |
Common stock | 5,000 | 5,000 |
Total liabilities and stockholders' equity | 646,276,000 | 604,723,000 |