AerSale Corporation operates as a worldwide specialist in the aftermarket commercial aviation industry. The company provides commercial aircraft, engines, and their various ...
AerSale Corporation, headquartered in Coral Gables, Florida, is a worldwide specialist in the aftermarket commercial aviation industry. Founded in 2008 by Nicolas Finazzo and Bob Nichols, the company operates through two primary divisions: Asset Management Solutions and Technical Operations (TechOps). The Asset Management Solutions segment focuses on the acquisition, sale, ...AerSale Corporation, headquartered in Coral Gables, Florida, is a worldwide specialist in the aftermarket commercial aviation industry. Founded in 2008 by Nicolas Finazzo and Bob Nichols, the company operates through two primary divisions: Asset Management Solutions and Technical Operations (TechOps). The Asset Management Solutions segment focuses on the acquisition, sale, and leasing of aircraft, engines, and airframes, and also disassembles assets for component resale. The TechOps segment offers a comprehensive suite of aviation services, including MRO services for components like landing gear and thrust reversers, major aircraft modifications (e.g., passenger-to-cargo conversions), and aircraft storage solutions. AerSale serves a diverse clientele including passenger and cargo airlines, leasing firms, OEMs, government and defense contractors, and other MRO providers. The company went public in 2019 on NASDAQ under the ticker ASLE. As of the latest data, AerSale has 704 full-time employees and a market capitalization of approximately $278.8 million. Financially, the company has shown a gross profit margin of 28.9% but has experienced negative net income in recent periods, with a net profit margin of -0.7%. The company's intellectual property and engineered solutions, such as its AerSafe and AerTrak products, aim to enhance safety and efficiency in aviation. AerSale is led by CEO Nicolas Finazzo, who has over 20 years of industry experience, and the company continues to focus on growing its MRO and parts supply businesses to meet the increasing demand for aftermarket support.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$335.3M
-2.8%
+0.5%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$8.6M
+46.6%
-61.4%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+31.5%
+4.7%
-14.2%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+4.7%
+66.8%
-41.9%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+2.6%
+50.8%
-60.7%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-29.1M
-62.8%
+72.7%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
-8.7%
-67.5%
+72.9%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
34.1%
+104.7%
+5.0%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
3.71x
-2.0%
-12.7%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Hello, and thank you for standing by. At this time, I would like to welcome everyone to the AerSale Inc. Second Quarter 2026 Earnings Conference Call. [Operator Instructions] I would now like to turn the conference over to Jackie Carlon, Senior Vice President of Marketing and Communications. You may begin.
Jacqueline Carlon: Good afternoon. I'd like to welcome everyone to AerSale's Second Quarter 2026 Earnings Call. Conducting the call today are Nick Finazzo, Chief Executive Officer; and Martin Garmendia, Chief Financial Officer. Before we discuss this quarter's results, we want to remind you that all statements made on this call that do not relate to matters of historical fact should be considered forward-looking statements within the meaning of the federal securities laws, including statements regarding our current expectations for the business and our financial performance. These statements are neither promises nor guarantees but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results. Important factors that could cause actual results to differ materially from forward-looking statements are discussed in the Risk Factors section of the company's annual report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission, SEC, on March 10th, 2026, and its other filings with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those indicated by the forward-looking statements on this call. We'll also refer to non-GAAP measures that we view as important in assessing the performance of our business. A reconciliation of those non-GAAP metrics to the nearest GAAP metric can be found in the earnings presentation materials made available on the Investors section of the AerSale website at ir.aersale.com. After prepared remarks, we will open the call for questions. With that, I'll turn the call over to Nick Finazzo.
Nicolas Finazzo: Thank you, Jackie, and good afternoon, everyone. Thank you for joining us today. I'll begin with a review of our second quarter financial and operational performance, including key developments during the quarter and then discuss the actions we're taking to advance our strategic priorities. I'll then turn the call over to Martin to walk through the financials in more detail. This quarter, we continued to focus on executing our strategic priorities, monetizing our asset base, scaling our MRO operations and growing recurring revenue streams to achieve more consistent earnings. We made progress against these priorities, giving me confidence in our momentum heading into the second half. That said, both revenue of $70.9 million and adjusted EBITDA of $2.2 million came in below the prior year period. These results reflect timing, not trajectory. There …
