10-Q
Quarterly Report
AerSale Corporation
ASLE
NASDAQ
CIK: 1754170
File #: 001-38801
Balance Sheet
57 line items · 2 periods
XBRL
| Item | Mar 31, 2026 | Dec 31, 2025 |
|---|---|---|
Condensed Consolidated Balance Sheets | ||
Assets | ||
Current assets: | ||
Cash and cash equivalents | 2,085,000 | 4,379,000 |
Accounts receivable, net of allowance for credit losses of $1,098 and $1,173 as of March 31, 2026 and December 31, 2025, respectively | 47,116,000 | 42,654,000 |
Income tax receivable | 1,126,000 | 1,728,000 |
Inventory: | ||
Aircraft, airframes, engines, and parts | 214,703,000 | 205,379,000 |
Advance vendor payments | 4,900,000 | 5,679,000 |
Deposits, prepaid expenses, and other current assets | 12,085,000 | 9,170,000 |
Total current assets | 282,015,000 | 268,989,000 |
Fixed assets: | ||
Aircraft and engines held for lease, net | 121,489,000 | 102,361,000 |
Property and equipment, net | 31,998,000 | 32,006,000 |
Inventory: | ||
Aircraft, airframes, engines, and parts | 154,783,000 | 158,385,000 |
Operating lease right-of-use assets | 28,873,000 | 30,130,000 |
Deferred income taxes | 9,735,000 | 8,784,000 |
Deferred financing costs, net | 925,000 | 1,024,000 |
Other assets | 578,000 | 586,000 |
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 | 17,810,000 | 18,347,000 |
Total assets | 668,066,000 | 640,472,000 |
Corporate | 9,805,000 | 12,068,000 |
TechOps | 212,390,000 | 193,724,000 |
Asset Management Solutions | 445,871,000 | 434,680,000 |
Liabilities and Stockholder's Equity | ||
Current liabilities: | ||
Accounts payable | 31,260,000 | 29,645,000 |
Accrued expenses | 7,198,000 | 7,233,000 |
Income tax payable | 324,000 | 329,000 |
Lessee and customer purchase deposits | 2,123,000 | 780,000 |
Current operating lease liabilities | 4,114,000 | 4,313,000 |
Current portion of long-term debt | 993,000 | 993,000 |
Deferred revenue | 724,000 | 530,000 |
Deferred insurance proceeds | 28,610,000 | 28,610,000 |
Total current liabilities | 75,346,000 | 72,433,000 |
Revolving credit facility | 137,796,000 | 110,053,000 |
Long-term debt | 1,036,000 | 1,284,000 |
CIBC - Equipment Loan | 2,029,000 | — |
Long-term lease deposits | 3,182,000 | 3,492,000 |
Long-term operating lease liabilities | 27,150,000 | 28,190,000 |
Maintenance deposit payments and other liabilities | 773,000 | 589,000 |
Total liabilities | 245,283,000 | 216,041,000 |
Stockholders' equity: | ||
Common stock, $0.0001 par value. Authorized 200,000,000 shares; issued and outstanding 47,241,615 and 47,221,513 shares as of March 31, 2026 and December 31, 2025, respectively | 5,000 | 5,000 |
Additional paid-in capital | 278,531,000 | 276,729,000 |
Retained earnings | 144,247,000 | 147,697,000 |
Total stockholders' equity | 422,783,000 | 424,431,000 |
Retained Earnings | 144,247,000 | 147,697,000 |
Additional Paid-in Capital | 278,531,000 | 276,729,000 |
Common Stock | 5,000 | 5,000 |
Total liabilities and stockholders' equity | 668,066,000 | 640,472,000 |