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ASLE

AerSale Corporation

ASLE

AerSale Corporation • NASDAQ
$6.47 ▲ 0.15% (+0.01)
Market Cap $305.29 M
52w High $9.12
52w Low $5.56
Dividend Yield 0%
P/E 58.82
Volume 171.95K
Outstanding Shares 47.19M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $71.191M ▼ $18.613M ▼ $1.346M ▼ 1.891% ▼ $0.029 ▼ $7.746M ▼
Q2-2025 $107.382M ▲ $22.823M ▼ $8.575M ▲ 7.986% ▲ $0.18 ▲ $17.042M ▲
Q1-2025 $65.776M ▼ $24.612M ▼ $-5.277M ▼ -8.023% ▼ $-0.1 ▼ $180K ▼
Q4-2024 $94.741M ▲ $24.808M ▲ $2.702M ▲ 2.852% ▲ $0.051 ▲ $10.294M ▲
Q3-2024 $82.684M $21.679M $509K 0.616% $0.01 $6.539M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $11.691M ▲ $646.276M ▼ $229.195M ▼ $417.081M ▲
Q2-2025 $5.747M ▲ $646.671M ▲ $230.759M ▼ $415.912M ▲
Q1-2025 $4.691M ▼ $646.053M ▲ $239.595M ▲ $406.458M ▼
Q4-2024 $4.698M ▼ $604.723M ▲ $149.103M ▼ $455.62M ▲
Q3-2024 $9.787M $601.456M $149.932M $451.524M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-120K ▼ $-8.897M ▼ $-1.663M ▼ $10.08M ▲ $-480K ▼ $-10.56M ▼
Q2-2025 $8.575M ▲ $19.785M ▲ $-220K ▲ $-18.509M ▼ $1.056M ▲ $17.815M ▲
Q1-2025 $-5.277M ▼ $-45.221M ▼ $-3.539M ▲ $48.753M ▲ $-7K ▲ $-48.76M ▼
Q4-2024 $2.702M ▲ $37.538M ▲ $-4.674M ▼ $-37.953M ▼ $-5.089M ▼ $23.764M ▲
Q3-2024 $509K $10.446M $-2.456M $-2.488M $5.502M $7.99M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Leasing
Leasing
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Product
Product
 $110.00M ▲$40.00M ▼$70.00M ▲$40.00M ▼
Services
Services
 $50.00M ▲$20.00M ▼$20.00M ▲$20.00M ▲

Five-Year Company Overview

Income Statement

Income Statement AerSale’s sales have been fairly steady over the past few years, with a noticeable step up from earlier pandemic levels but no clear surge in growth yet. Profitability has been choppy: the company moved from healthy profits, to a small loss, and then back to a modest profit most recently. That pattern suggests the business can be profitable, but earnings are sensitive to shifts in demand, project timing, and the mix of high‑margin engineered solutions versus lower‑margin service and asset work. Overall, this looks like a business with decent underlying economics but meaningful earnings volatility from year to year.

Balance Sheet

Balance Sheet The balance sheet looks generally solid. Total assets and shareholder equity have grown over time, which points to a company that has been building its platform rather than shrinking it. Debt has been introduced but remains moderate compared with equity, so leverage does not appear excessive. The main watchpoint is the drop in cash from earlier, more comfortable levels to a much leaner cushion recently. That combination—strong equity but low cash—means the company has financial backing on paper, yet less room for error in day‑to‑day liquidity if conditions weaken.

Cash Flow

Cash Flow Cash generation is the weak spot. Operating cash flow has swung from positive to clearly negative and back to only slightly positive most recently. Free cash flow has often been negative, even in years when the income statement showed profits. This suggests that working capital swings, inventory investment, and ongoing capital spending are absorbing a lot of cash. It indicates a business that can post accounting profits but has not yet demonstrated consistently strong cash conversion, which heightens the importance of tight execution and careful balance sheet management.

Competitive Edge

Competitive Edge AerSale occupies a specialized niche in the aviation aftermarket, focused on mid‑life aircraft and engines, where airlines are very cost‑conscious. Its vertically integrated model—buying aircraft, parting them out, selling used parts, offering maintenance, and layering on proprietary modifications—gives it multiple ways to earn from the same asset. That ecosystem, plus its in‑house engineered products, creates switching costs and a degree of customer stickiness. At the same time, the company operates in a cyclical, competitive industry against much larger OEMs and established MRO providers, so its edge depends on staying nimble, cost‑effective, and technologically relevant.

Innovation and R&D

Innovation and R&D Innovation is a clear emphasis. Products like AerAware (enhanced vision), AerSafe (fuel tank safety), and AerTrak (compliance for surveillance mandates) are differentiated, certified, and address very specific regulatory and safety needs. These offerings can command better margins than pure maintenance or parts sales and help build a moat based on intellectual property rather than just price. The future opportunity lies in expanding these solutions to more aircraft types, adding software‑driven features, and developing new products as newer fleets age. The key risk is execution: regulatory approvals, airline adoption, and competing solutions from larger avionics and OEM players will determine how much of this innovation actually translates into sustained revenue and profit.

Summary

AerSale combines a specialized aviation aftermarket niche, a vertically integrated business model, and proprietary engineered solutions to create a differentiated platform. The company has shown it can be profitable, and its balance sheet carries meaningful equity with only moderate debt, which is a structural strength. However, earnings have been uneven and cash flow has been inconsistent, with a much thinner cash buffer now than in the past. The long‑term story hinges on successful commercialization of its engineered products and continued demand for mid‑life aircraft services, balanced against the realities of a cyclical, capital‑intensive industry and the need to improve the reliability of cash generation.

NEWS

November 6, 2025 · 4:05 PM UTC

AerSale Reports Third Quarter 2025 Results

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October 23, 2025 · 4:05 PM UTC

AerSale Announces Date for Third Quarter 2025 Earnings Release Conference Call

Read more