AerSale (ASLE) Q3 FY2026 earnings: revenue $92 million, up 28.6% on the year

AerSale Corp. (ASLE) reported revenue of $92 million for Q3 FY2026, the quarter ended 30 September 2026, up 28.6% on the same quarter a year earlier. Net income was -$15 million, and diluted earnings per share $-0.31. The figures are the company's own, from the 10-Q it filed with the SEC on 6 November 2026.

Revenue

$92 million

+28.6% on the year · +29.1% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

-12.7%

4.0% a year earlier

Q4 FY2024Q3 FY2026

Net income

-$15 million

Q4 FY2024Q3 FY2026

Diluted EPS

-$0.31

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 1 kept.

Revenue rose 28.6% year on year: Revenue was $91.6 million, up from $71.2 million a year earlier and from $70.9 million in the second quarter. Growth came from leasing, USM, heavy MRO, and Flight Equipment sales.
AMS revenue rose 28.9%: AMS revenue was $50.5 million, up from $39.2 million. Excluding Flight Equipment sales, AMS revenue grew 6.4% to $41.3 million on higher leasing and USM revenue.
Five of seven freighters now leased: Five B757 freighters were on lease at September 30, against three at June 30, with 18 engines on lease at both dates.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	91.6	70.9	71.2	+29.1%	+28.6%
Cost of revenue	71.0	54.7	49.7	+29.9%	+42.8%
Gross profit	20.6	16.3	21.5	+26.3%	-4.3%
Gross margin	22.5%	22.9%	30.2%
Selling, general and administrative	18.8	21.0	18.6	-10.7%	+0.9%
Operating income	-11.6	-4.8	2.9
Operating margin	-12.7%	-6.7%	4.0%
Interest expense	2.8	2.5	n/a	+12.9%
Pre-tax income	-14.3	-7.2	0.6
Income tax	0.7	-1.6	0.7		-6.1%
Effective tax rate	n/a	n/a	119.6%
Net income	-15.0	-5.6	-0.1
Net margin	-16.4%	-7.9%	-0.2%
Diluted EPS	-$0.31	-$0.12	$0.00

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	-9.2	-6.8	-8.9
Capital expenditure	1.9	0.7	0.9	+156.6%	+110.5%
Free cash flow	-11.1	-7.6	-9.8
Free cash flow margin	-12.2%	-10.7%	-13.8%
Cash from investing	-2.7	-1.3	-1.7
Cash from financing	13.6	8.2	10.1	+64.8%	+34.8%
Depreciation and amortisation	6.2	5.6	4.8	+10.1%	+30.3%
Share-based compensation	0.4	0.4	0.4	0.0%	0.0%
Diluted shares, weighted	48m	47m	47m	+0.8%	+1.2%
Shares outstanding at period end	48m	48m	47m	+0.1%	+1.2%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	404	419	417	-3.5%	-3.1%
Debt	162	148	126	+9.2%	+27.9%
Operating lease liabilities	25.1	26.1	27.0	-3.6%	-6.8%
Other liabilities	83.9	94.4	75.9	-11.1%	+10.5%
Total liabilities and equity	675	687	646	-1.8%	+4.4%
Fixed assets	32.1	31.5	31.5	+1.8%	+1.9%
Goodwill	6.4	19.9	19.9	-67.6%	-67.6%
Intangible assets	6.4	6.9	8.6	-7.9%	-25.4%
Cash and equivalents	3.9	2.2	5.3	+75.6%	-26.6%
Receivables	51.0	46.4	43.6	+9.9%	+16.9%
Inventory	223	227	256	-1.9%	-12.7%
Other assets	352	353	282	-0.3%	+24.8%
Total assets	675	687	646	-1.8%	+4.4%

Questions

What was AerSale's revenue in Q3 FY2026?

AerSale (ASLE) reported revenue of $92 million for Q3 FY2026, the quarter ended 30 September 2026, up 28.6% on the same quarter a year earlier.

How much did AerSale earn in Q3 FY2026?

Net loss for Q3 FY2026 was $15 million, and the diluted loss per share $0.31.

When did AerSale report Q3 FY2026 results?

AerSale filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 6 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025 †	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	117	123	140	51.0	95.1	78.3	69.3	92.5	94.4	90.5	77.1	82.7	94.7	65.8	107	71.2	90.9	70.6	70.9	91.6
Cost of revenue	72.6	76.1	84.6	35.5	60.9	53.9	49.2	69.0	70.0	61.7	55.4	59.0	65.0	47.8	72.0	49.7	60.0	51.7	54.7	71.0
Gross profit	44.2	46.7	55.0	15.5	34.2	24.4	20.1	23.5	24.4	28.8	21.7	23.7	29.7	18.0	35.3	21.5	31.0	18.9	16.3	20.6
Gross margin	38%	38%	39%	30%	36%	31%	29%	25%	26%	32%	28%	29%	31%	27%	33%	30%	34%	27%	23%	22%
SG&A	24.4	23.8	23.5	24.0	25.1	25.2	27.1	25.4	25.5	24.1	23.6	21.7	24.8	24.6	22.8	18.6	23.9	22.2	21.0	18.8
Operating income	19.8	22.9	31.5	-8.5	9.1	-0.8	-7.0	-1.9	-1.1	4.7	-1.9	2.0	4.9	-6.6	12.5	2.9	7.0	-3.3	-4.8	-11.6
Operating margin	17%	19%	23%	-17%	10%	-1%	-10%	-2%	-1%	5%	-2%	2%	5%	-10%	12%	4%	8%	-5%	-7%	-13%
Interest expense	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	2.1	2.5	2.8
Pre-tax income	14.1	21.9	32.8	-10.1	13.3	0.1	-5.0	-2.1	-0.6	5.9	-3.1	0.6	4.5	-6.0	10.3	0.6	5.6	-4.5	-7.2	-14.3
Tax rate	21%	21%	19%	n/a	31%	96%	n/a	n/a	n/a	-7%	n/a	13%	40%	n/a	17%	120%	3%	n/a	n/a	n/a
Net income	11.2	17.2	26.5	-9.0	9.2	0.0	-2.7	-0.1	-2.7	6.3	-3.6	0.5	2.7	-5.3	8.6	-0.1	5.4	-3.5	-5.6	-15.0
Net margin	10%	14%	19%	-18%	10%	0%	-4%	-0%	-3%	7%	-5%	1%	3%	-8%	8%	-0%	6%	-5%	-8%	-16%
Diluted EPS	$0.19	$0.32	$0.47	-$0.17	$0.17	$0.00	-$0.08	$0.00	-$0.05	$0.12	-$0.07	$0.01	$0.05	-$0.10	$0.18	$0.00	$0.11	-$0.07	-$0.12	-$0.31
Operating cash flow	52.7	43.0	-1.8	-43.6	2.3	-62.4	-66.8	-38.9	-6.1	-21.5	-15.3	10.4	37.5	-45.2	19.8	-8.9	11.4	-26.7	-6.8	-9.2
Capital expenditure	0.4	1.6	2.1	3.2	1.5	1.5	3.3	3.0	3.6	3.6	3.6	1.6	5.3	2.4	1.2	0.9	1.6	1.1	0.7	1.9
Free cash flow	52.2	41.4	-3.9	-46.8	0.7	-63.9	-70.1	-41.8	-9.7	-25.0	-18.9	8.9	32.3	-47.6	18.6	-9.8	9.8	-27.7	-7.6	-11.1
Shares outstanding	52m	52m	52m	52m	51m	51m	51m	51m	53m	53m	53m	53m	53m	47m	47m	47m	47m	47m	48m	48m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 6 November 2026: the filing.