v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 2,201 $ 4,379
Accounts receivable, net of allowance for credit losses of $1,098 and $1,173 as of June 30, 2026 and December 31, 2025, respectively 46,394 42,654
Income tax receivable 1,126 1,728
Inventory:    
Aircraft, airframes, engines, and parts 227,179 205,379
Advance vendor payments 6,366 5,679
Deposits, prepaid expenses, and other current assets 13,141 9,170
Total current assets 296,407 268,989
Fixed assets:    
Aircraft and engines held for lease, net 133,029 102,361
Property and equipment, net 31,517 32,006
Inventory:    
Aircraft, airframes, engines, and parts 148,868 158,385
Operating lease right-of-use assets 27,525 30,130
Deferred income taxes 11,184 8,784
Deferred financing costs, net 825 1,024
Other assets 578 586
Goodwill 19,860 19,860
Other intangible assets, net 17,268 18,347
Total assets 687,061 640,472
Current liabilities:    
Accounts payable 44,722 29,645
Accrued expenses 9,462 7,233
Income tax payable 203 329
Lessee and customer purchase deposits 2,025 780
Current operating lease liabilities 3,828 4,313
Current portion of long-term debt 993 993
Deferred revenue 817 530
Deferred insurance proceeds 28,610 28,610
Total current liabilities 90,660 72,433
Revolving credit facility 146,152 110,053
Long-term debt 788 1,284
Long-term lease deposits 3,610 3,492
Long-term operating lease liabilities 26,090 28,190
Maintenance deposit payments and other liabilities 1,093 589
Total liabilities 268,393 216,041
Stockholders' equity:    
Common stock, $0.0001 par value. Authorized 200,000,000 shares; issued and outstanding 47,683,297 and 47,221,513 shares as of June 30, 2026 and December 31, 2025, respectively 5 5
Additional paid-in capital 279,986 276,729
Retained earnings 138,677 147,697
Total stockholders' equity 418,668 424,431
Total liabilities and stockholders' equity $ 687,061 $ 640,472