v3.25.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 5,267 $ 4,698
Accounts receivable, net of allowance for credit losses of $1,173 as of September 30, 2025 and December 31, 2024 43,614 34,646
Income tax receivable 1,043 1,994
Inventory:    
Aircraft, airframes, engines, and parts, net 255,501 224,832
Advance vendor payments 6,188 6,803
Deposits, prepaid expenses, and other current assets 11,362 11,057
Total current assets 322,975 284,030
Fixed assets:    
Aircraft and engines held for lease, net 98,007 67,847
Property and equipment, net 31,493 36,331
Inventory:    
Aircraft, airframes, engines, and parts, net 115,645 130,958
Operating lease right-of-use assets 29,263 33,105
Deferred income taxes 8,433 10,171
Deferred financing costs, net 1,119 1,296
Other assets 587 595
Goodwill 19,860 19,860
Other intangible assets, net 18,894 20,530
Total assets 646,276 604,723
Current liabilities:    
Accounts payable 31,134 34,184
Accrued expenses 6,771 7,400
Lessee and customer purchase deposits 490 1,734
Current operating lease liabilities 4,323 4,356
Current portion of long-term debt 993 605
Deferred revenue 907 1,781
Deferred insurance proceeds 28,610 24,910
Total current liabilities 73,228 74,970
Revolving credit facility 123,804 39,235
Long-term debt 1,533 1,209
Long-term lease deposits 3,202 2,987
Long-term operating lease liabilities 26,971 30,565
Maintenance deposit payments and other liabilities 425 52
Warrant liability 32 85
Total liabilities 229,195 149,103
Stockholders' equity:    
Common stock, $0.0001 par value. Authorized 200,000,000 shares; issued and outstanding 47,185,011 and 53,252,563 shares as of September 30, 2025 and December 31, 2024, respectively 5 5
Additional paid-in capital 274,776 316,493
Retained earnings 142,300 139,122
Total stockholders' equity 417,081 455,620
Total liabilities and stockholders' equity $ 646,276 $ 604,723

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