0001104659-26-057983
SEC filingAerSale's Q1 FY2026 revenue grew 7.4% to $70.6M, driven by Asset Management Solutions, while operating loss narrowed to -$3.3M from -$6.6M, reflecting cost discipline and improved cash flow.
Revenue for the first quarter of 2026 was $70.6 million, a 7.4% increase from $65.8 million in the prior year period. The growth was primarily driven by higher volume in our heavy MRO facilities as Millington, Tennessee returned to service and Goodyear, Arizona filled some of its previously available capacity. Component MRO revenue also increased following the relocation and commencement of operations at our expanded facility in Hialeah Gardens, Florida. Gross profit rose 5.1% to $18.9 million, with gross margin of 26.7%, reflecting a favorable mix toward higher-margin Flight Equipment sales within Asset Management Solutions.
Operating loss improved significantly to -$3.3 million from -$6.6 million in the prior year, a 49.9% improvement. The decrease was mostly related to lower payroll costs as well as severance expense incurred in the prior year period as part of cost reduction initiatives. Net loss narrowed 34.6% to -$3.5 million, with diluted EPS improving to -$0.07 from -$0.10.
We believe our sources of liquidity will be sufficient to meet our long-term cash requirements, though projections beyond the next twelve months are subject to substantial uncertainty. If an event occurs that affects our ability to meet capital requirements, our ability to grow our asset base consistent with historical trends could be impaired.