AerSale Corporation reported Q4 2025 revenue of $90.9 million and full year 2025 revenue of $335.3 million, with GAAP net income increasing year-over-year to $5.4 million for the quarter and $8.6 million for the full year. The results were driven by improved profitability in MRO activities and growth in leasing and USM sales, partially offset by lower flight equipment sales.
Key takeaways
Q4 2025 GAAP net income increased 99.7% to $5.4 million, or $0.11 per diluted share, compared to $2.7 million in the prior year period.
Full year 2025 Adjusted EBITDA increased 38.2% to $46.1 million, representing 13.8% of total revenue.
Excluding flight equipment sales, full year 2025 revenue grew 18.7% year-over-year due to increased USM volume and leasing activity.
The Company ended 2025 with $71.6 million in total liquidity, including $4.4 million in cash and $67.2 million available on its revolving credit facility.
Feedstock acquisitions totaled $99.6 million for the full year 2025, with an additional $11.4 million under contract.