v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 4,379 $ 4,698
Accounts receivable, net of allowance for credit losses of $1,173 as of December 31, 2025 and December 31, 2024 42,654 34,646
Income tax receivable 1,728 1,994
Inventory:    
Aircraft, airframes, engines, and parts, net 205,379 224,832
Advance vendor payments 5,679 6,803
Deposits, prepaid expenses, and other current assets 9,170 11,057
Total current assets 268,989 284,030
Fixed assets:    
Aircraft and engines held for lease, net 102,361 67,847
Property and equipment, net 32,006 36,331
Inventory:    
Aircraft, airframes, engines, and parts, net 158,385 130,958
Operating lease right-of-use assets 30,130 33,105
Deferred income taxes 8,784 10,171
Deferred financing costs, net 1,024 1,296
Other assets 586 595
Goodwill 19,860 19,860
Other intangible assets, net 18,347 20,530
Total assets 640,472 604,723
Current liabilities:    
Accounts payable 29,645 34,184
Accrued expenses 7,233 7,400
Income tax payable 329  
Lessee and customer purchase deposits 780 1,734
Current operating lease liabilities 4,313 4,356
Current portion of long-term debt 993 605
Deferred revenue 530 1,781
Deferred insurance proceeds 28,610 24,910
Total current liabilities 72,433 74,970
Revolving credit facility 110,053 39,235
Long-term debt 1,284 1,209
Long-term lease deposits 3,492 2,987
Long-term operating lease liabilities 28,190 30,565
Maintenance deposit payments and other liabilities 589 52
Warrant liability   85
Total liabilities 216,041 149,103
Stockholders' equity:    
Common stock, $0.0001 par value. Authorized 200,000,000 shares; issued and outstanding 47,221,513 and 53,252,563 shares as of December 31, 2025 and December 31, 2024, respectively 5 5
Additional paid-in capital 276,729 316,493
Retained earnings 147,697 139,122
Total stockholders' equity 424,431 455,620
Total liabilities and stockholders' equity $ 640,472 $ 604,723

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