AerSale (ASLE) financial statements
AerSale reported revenue of $335M in fiscal 2025, up 2.1% a year over 7 years.
Net income was $9M and the operating margin 4.7%, against 8.8% in 2018.
Free cash flow was -$29M.
The diluted share count rose 131634% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from AerSale's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $291M | $304M | $209M | $340M | $409M | $335M | $345M | $335M |
| Cost of revenue | $219M | $219M | $156M | $221M | $257M | $242M | $241M | $230M |
| Gross profit | $72M | $85M | $53M | $119M | $151M | $92M | $104M | $106M |
| Selling, general and admin | $47M | $60M | $56M | $77M | $96M | $103M | $94M | $90M |
| Operating income | $26M | $22M | $11M | $57M | $55M | -$11M | $10M | $16M |
| Interest expense | — | — | — | $4,000 | $2,000 | $733,000 | $5M | $8M |
| Pre-tax income | $23M | $20M | $10M | $48M | $58M | -$8M | $8M | $11M |
| Income tax | -$3M | $4M | $2M | $12M | $14M | -$2M | $2M | $2M |
| Net income | $9M | $15M | $8M | $36M | $44M | -$6M | $6M | $9M |
| EPS (diluted) | -$668.04 | -$516.98 | $7.39 | $0.76 | $0.83 | -$0.15 | $0.11 | $0.18 |
| Diluted shares | 0M | 5M | 1M | 47M | 53M | 51M | 53M | 49M |
| Gross margin | 24.8% | 28.0% | 25.3% | 35.1% | 37.1% | 27.6% | 30.1% | 31.5% |
| Operating margin | 8.8% | 7.3% | 5.4% | 16.6% | 13.5% | -3.2% | 2.8% | 4.7% |
| Net margin | 3.0% | 5.1% | 3.9% | 10.6% | 10.7% | -1.7% | 1.7% | 2.6% |
Balance sheet
Fiscal years, from AerSale's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $41,093 | $18M | $29M | $130M | $147M | $6M | $5M | $4M |
| Receivables | — | $52M | $50M | $29M | $28M | $31M | $35M | $43M |
| Inventory | — | $95M | $141M | $159M | $184M | $178M | $225M | $205M |
| Total current assets | $41,093 | $142M | $179M | $272M | $334M | $265M | $284M | $269M |
| Property, plant and equipment | — | $7M | $8M | $7M | $13M | $28M | $36M | $32M |
| Goodwill | $442,000 | $14M | $20M | $20M | $20M | $20M | $20M | $20M |
| Total assets | $417,500 | $344M | $389M | $487M | $532M | $554M | $605M | $640M |
| Total current liabilities | $392,951 | $41M | $32M | $68M | $53M | $46M | $75M | $72M |
| Long-term debt | — | — | — | — | — | $36M | $40M | $111M |
| Total liabilities | -$277M | $50M | $38M | $79M | $87M | $109M | $149M | $216M |
| Shareholders' equity | $24,549 | $294M | $351M | $409M | $445M | $445M | $456M | $424M |
| Net debt | -$41,093 | -$14M | -$29M | -$130M | -$147M | $32M | $36M | $108M |
Cash flow
Fiscal years, from AerSale's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $59M | $45M | -$12M | $79M | -$113,000 | -$174M | $11M | -$23M |
| Capital spending | — | $2M | $2M | $2M | $8M | $11M | $14M | $6M |
| Free cash flow | — | $44M | -$14M | $78M | -$9M | -$186M | -$3M | -$29M |
| Stock-based compensation | — | $0 | $1M | $13M | $16M | $12M | $4M | $5M |
| Net borrowing | — | — | — | — | — | $9M | -$7M | $463,000 |
| Free cash flow margin | — | 14.4% | -6.9% | 22.8% | -2.1% | -55.5% | -0.8% | -8.7% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for ASLE.
Open ASLE in InvestinglyQuestions
What was AerSale's revenue in 2025?
$335M in fiscal 2025, from its 10-K filing.
How much free cash flow does AerSale generate?
-$29M in fiscal 2025 (operating cash flow minus capital spending).
From AerSale's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.