v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 2,085 $ 4,379
Accounts receivable, net of allowance for credit losses of $1,098 and $1,173 as of March 31, 2026 and December 31, 2025, respectively 47,116 42,654
Income tax receivable 1,126 1,728
Inventory:    
Aircraft, airframes, engines, and parts 214,703 205,379
Advance vendor payments 4,900 5,679
Deposits, prepaid expenses, and other current assets 12,085 9,170
Total current assets 282,015 268,989
Fixed assets:    
Aircraft and engines held for lease, net 121,489 102,361
Property and equipment, net 31,998 32,006
Inventory:    
Aircraft, airframes, engines, and parts 154,783 158,385
Operating lease right-of-use assets 28,873 30,130
Deferred income taxes 9,735 8,784
Deferred financing costs, net 925 1,024
Other assets 578 586
Goodwill 19,860 19,860
Other intangible assets, net 17,810 18,347
Total assets 668,066 640,472
Current liabilities:    
Accounts payable 31,260 29,645
Accrued expenses 7,198 7,233
Income tax payable 324 329
Lessee and customer purchase deposits 2,123 780
Current operating lease liabilities 4,114 4,313
Current portion of long-term debt 993 993
Deferred revenue 724 530
Deferred insurance proceeds 28,610 28,610
Total current liabilities 75,346 72,433
Revolving credit facility 137,796 110,053
Long-term debt 1,036 1,284
Long-term lease deposits 3,182 3,492
Long-term operating lease liabilities 27,150 28,190
Maintenance deposit payments and other liabilities 773 589
Total liabilities 245,283 216,041
Stockholders' equity:    
Common stock, $0.0001 par value. Authorized 200,000,000 shares; issued and outstanding 47,241,615 and 47,221,513 shares as of March 31, 2026 and December 31, 2025, respectively 5 5
Additional paid-in capital 278,531 276,729
Retained earnings 144,247 147,697
Total stockholders' equity 422,783 424,431
Total liabilities and stockholders' equity $ 668,066 $ 640,472

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