10-Q
Quarterly Report
AerSale Corporation
ASLE
NASDAQ
CIK: 1754170
File #: 001-38801
Balance Sheet
57 line items · 2 periods
XBRL
| Item | Jun 30, 2026 | Dec 31, 2025 |
|---|---|---|
Condensed Consolidated Balance Sheets | ||
Assets | ||
Current assets: | ||
Cash and cash equivalents | 2,201,000 | 4,379,000 |
Accounts receivable, net of allowance for credit losses of $1,098 and $1,173 as of June 30, 2026 and December 31, 2025, respectively | 46,394,000 | 42,654,000 |
Income tax receivable | 1,126,000 | 1,728,000 |
Inventory: | ||
Aircraft, airframes, engines, and parts | 227,179,000 | 205,379,000 |
Advance vendor payments | 6,366,000 | 5,679,000 |
Deposits, prepaid expenses, and other current assets | 13,141,000 | 9,170,000 |
Total current assets | 296,407,000 | 268,989,000 |
Fixed assets: | ||
Aircraft and engines held for lease, net | 133,029,000 | 102,361,000 |
Property and equipment, net | 31,517,000 | 32,006,000 |
Inventory: | ||
Aircraft, airframes, engines, and parts | 148,868,000 | 158,385,000 |
Operating lease right-of-use assets | 27,525,000 | 30,130,000 |
Deferred income taxes | 11,184,000 | 8,784,000 |
Deferred financing costs, net | 825,000 | 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 | 17,268,000 | 18,347,000 |
Total assets | 687,061,000 | 640,472,000 |
Corporate | 12,400,000 | 12,068,000 |
TechOps | 203,110,000 | 193,724,000 |
Asset Management Solutions | 471,551,000 | 434,680,000 |
Liabilities and Stockholder's Equity | ||
Current liabilities: | ||
Accounts payable | 44,722,000 | 29,645,000 |
Accrued expenses | 9,462,000 | 7,233,000 |
Income tax payable | 203,000 | 329,000 |
Lessee and customer purchase deposits | 2,025,000 | 780,000 |
Current operating lease liabilities | 3,828,000 | 4,313,000 |
Current portion of long-term debt | 993,000 | 993,000 |
Deferred revenue | 817,000 | 530,000 |
Deferred insurance proceeds | 28,610,000 | 28,610,000 |
Total current liabilities | 90,660,000 | 72,433,000 |
Revolving credit facility | 146,152,000 | 110,053,000 |
Long-term debt | 788,000 | 1,284,000 |
CIBC - Equipment Loan | 1,781,000 | — |
Long-term lease deposits | 3,610,000 | 3,492,000 |
Long-term operating lease liabilities | 26,090,000 | 28,190,000 |
Maintenance deposit payments and other liabilities | 1,093,000 | 589,000 |
Total liabilities | 268,393,000 | 216,041,000 |
Stockholders' equity: | ||
Common stock, $0.0001 par value. Authorized 200,000,000 shares; issued and outstanding 47,683,297 and 47,221,513 shares as of June 30, 2026 and December 31, 2025, respectively | 5,000 | 5,000 |
Additional paid-in capital | 279,986,000 | 276,729,000 |
Retained earnings | 138,677,000 | 147,697,000 |
Total stockholders' equity | 418,668,000 | 424,431,000 |
Retained Earnings | 138,677,000 | 147,697,000 |
Additional Paid-in Capital | 279,986,000 | 276,729,000 |
Common Stock | 5,000 | 5,000 |
Total liabilities and stockholders' equity | 687,061,000 | 640,472,000 |