10-K
Annual Report
AerSale Corporation
ASLE
NASDAQ
CIK: 1754170
File #: 001-38801
Balance Sheet
59 line items · 2 periods
XBRL
| Item | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
Consolidated Balance Sheets | ||
Assets | ||
Current assets: | ||
Cash and cash equivalents | 4,379,000 | 4,698,000 |
Accounts receivable, net of allowance for credit losses of $1,173 as of December 31, 2025 and December 31, 2024 | 42,654,000 | 34,646,000 |
Income tax receivable | 1,728,000 | 1,994,000 |
Inventory: | ||
Aircraft, airframes, engines, and parts, net | 205,379,000 | 224,832,000 |
Advance vendor payments | 5,679,000 | 6,803,000 |
Deposits, prepaid expenses, and other current assets | 9,170,000 | 11,057,000 |
Total current assets | 268,989,000 | 284,030,000 |
Fixed assets: | ||
Aircraft and engines held for lease, net | 102,361,000 | 67,847,000 |
Property and equipment, net | 32,006,000 | 36,331,000 |
Inventory: | ||
Aircraft, airframes, engines, and parts, net | 158,385,000 | 130,958,000 |
Operating lease right-of-use assets | 30,130,000 | 33,105,000 |
Deferred income taxes | 8,784,000 | 10,171,000 |
Deferred financing costs, net | 1,024,000 | 1,296,000 |
Other assets | 586,000 | 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 | 18,347,000 | 20,530,000 |
Total assets | 640,472,000 | 604,723,000 |
Corporate | 12,068,000 | 15,732,000 |
TechOps | 193,724,000 | 205,655,000 |
Asset Management Solutions | 434,680,000 | 383,336,000 |
Liabilities and Stockholder's Equity | ||
Current liabilities: | ||
Accounts payable | 29,645,000 | 34,184,000 |
Accrued expenses | 7,233,000 | 7,400,000 |
Income tax payable | 329,000 | — |
Lessee and customer purchase deposits | 780,000 | 1,734,000 |
Current operating lease liabilities | 4,313,000 | 4,356,000 |
Current portion of long-term debt | 993,000 | 605,000 |
Deferred revenue | 530,000 | 1,781,000 |
Deferred insurance proceeds | 28,610,000 | 24,910,000 |
Total current liabilities | 72,433,000 | 74,970,000 |
Revolving credit facility | 110,053,000 | 39,235,000 |
Long-term debt | 1,284,000 | 1,209,000 |
CIBC - Equipment Loan | 2,277,000 | — |
Long-term lease deposits | 3,492,000 | 2,987,000 |
Long-term operating lease liabilities | 28,190,000 | 30,565,000 |
Maintenance deposit payments and other liabilities | 589,000 | 52,000 |
Warrant liability | — | 85,000 |
Private Placement | 0 | — |
Total liabilities | 216,041,000 | 149,103,000 |
Stockholders' equity: | ||
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 |
Additional paid-in capital | 276,729,000 | 316,493,000 |
Retained earnings | 147,697,000 | 139,122,000 |
Total stockholders' equity | 424,431,000 | 455,620,000 |
Retained Earnings | 147,697,000 | 139,122,000 |
Additional Paid-in Capital | 276,729,000 | 316,493,000 |
Common Stock | 5,000 | 5,000 |
Total liabilities and stockholders' equity | 640,472,000 | 604,723,000 |