NYSE: AVEX
AEVEX Corp.CIK 0002096300 · SIC 3721 · Aircraft
Every 8-K is open in full. Other 10-Ks and 10-Qs show a 3-bullet preview. A free account reads 3 more full reports a month. Generating a report requires a verified account.
Sign up freeWant to see a complete report first? Today's free report (HPQ 10-Q) is open in full — no account needed.
Summary not yet generated.
Summary not yet generated.
Partner
Trade AVEX commission-free
Open an account, get a free stock.
Investing involves risk. Free stock terms apply.
revenue $201.8M, net income $2.3M. AEVEX raises in IPO, announces acquisition, discloses material weaknesses
4 material changes detected. Sign up free to read the summary.
Summary not yet generated.
AEVEX prices 8M-share public offering at $27.00, raises ~$155M in proceeds
3 material changes detected. Sign up free to read the summary.
Summary not yet generated.
AEVEX Corp. reports Q1 2026 financial results
2 material changes detected. Sign up free to read the summary.
net income $21.0M. AEVEX reports 307% revenue surge to but discloses material control weaknesses
5 material changes detected. Sign up free to read the summary.
AEVEX secures $375M credit facility at IPO, refinances 2020 debt
5 material changes detected. Sign up free to read the summary.
AEVEX Corp. completes IPO at $20/share, issues 63.3M Class B shares to sponsor
5 material changes detected. Sign up free to read the summary.
Latest financial statements
From 10-Q filed Aug 12, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations (Unaudited)
(In thousands, except share and per share amounts)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Revenue: | ||||
| Products | 168,668 | 70,836 | 360,512 | 97,323 |
| Services | 33,123 | 30,298 | 57,972 | 57,069 |
| Total revenue | 201,791 | 101,134 | 418,484 | 154,392 |
| Cost of revenue: | ||||
| Products | 130,319 | 58,634 | 270,477 | 82,875 |
| Services | 23,825 | 24,124 | 43,866 | 50,079 |
| Total cost of revenue | 154,144 | 82,758 | 314,343 | 132,954 |
| Gross profit | 47,647 | 18,376 | 104,141 | 21,438 |
| Operating expenses: | ||||
| Selling, general, and administrative | 22,469 | 9,383 | 41,881 | 17,971 |
| Research and development | 5,639 | 7,194 | 8,976 | 16,684 |
| Amortization of intangible assets | 4,168 | 4,125 | 8,290 | 8,205 |
| Change in contingent consideration | — | 1,214 | — | 2,435 |
| Total operating expenses | 32,276 | 21,916 | 59,147 | 45,295 |
| Income (loss) from operations | 15,371 | (3,540) | 44,994 | (23,857) |
| Other income (expense), net: | ||||
| Interest expense | (3,977) | (8,378) | (10,521) | (15,557) |
| Interest income | 1,106 | 130 | 1,212 | 344 |
| Change in fair value of derivative liability | (3,295) | — | (5,695) | — |
| Other (expense) income, net | (57) | — | 156 | — |
| Total other expense, net | (6,223) | (8,248) | (14,848) | (15,213) |
| Income (loss) before income taxes | 9,148 | (11,788) | 30,146 | (39,070) |
| Provision for income taxes | 2,454 | 42 | 2,454 | 82 |
| Net income (loss) | 6,694 | (11,830) | 27,692 | (39,152) |
| Net income attributable to noncontrolling interest | 76 | 14 | 148 | 21 |
| Net income attributable to redeemable noncontrolling interests | 4,290 | — | 4,290 | — |
| Net income (loss) attributable to AEVEX Corp. | 2,328 | (11,844) | 23,254 | (39,173) |
| Earnings per share of Class A common stock: | ||||
| Basic(1) | 0.01 | — | 0.01 | — |
| Diluted(1) | 0.01 | — | 0.01 | — |
| Weighted average shares of Class A common stock outstanding: | ||||
| Basic(1) | 52,805,593 | — | 52,805,593 | — |
| Diluted(1) | 52,805,593 | — | 52,805,593 | — |
Condensed Consolidated Balance Sheets (Unaudited)
(in thousands, except share and unit data)
| Description | June 30, 2026 | December 31, 2025 |
|---|---|---|
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | 215,238 | 27,908 |
| Accounts receivable, net | 69,050 | 55,215 |
| Contract assets | 119,561 | 79,680 |
| Inventories | 12,668 | 4,134 |
| Prepaid expenses and other current assets | 14,916 | 23,479 |
| Total current assets | 431,433 | 190,416 |
| Goodwill | 292,328 | 292,328 |
| Customer relationships, net | 102,167 | 110,250 |
| Other intangible assets, net | 1,658 | 1,864 |
| Property and equipment, net | 20,070 | 19,586 |
| Operating lease right-of-use assets | 8,590 | 7,697 |
| Deferred income tax assets | 84,277 | - |
| Other assets | 3,194 | 478 |
| Asset held for sale | 4,376 | 4,376 |
| Total assets | 948,093 | 626,995 |
| Liabilities, Mezzanine Equity and (Deficit) Equity | ||
| Current Liabilities: | ||
| Accounts payable | 30,729 | 23,700 |
| Accrued expenses and other current liabilities | 23,164 | 21,760 |
| Deferred revenue | 16,637 | 10,942 |
| Current portion of long-term debt | 2,500 | 2,720 |
| Operating lease liabilities | 3,146 | 3,426 |
| Total current liabilities | 76,176 | 62,548 |
| Long-term debt, net of current portion | 96,607 | 255,780 |
| TRA liability | 95,933 | - |
| Operating lease liabilities, net of current portion | 5,843 | 4,700 |
| Series A preferred units derivative liability | - | 19,999 |
| Total liabilities | 274,559 | 343,027 |
| Commitments and contingencies (Note 8) | ||
| Mezzanine Equity: | ||
| Series A preferred units, no par value, 120,000 units authorized, 100,000 units issued and outstanding as of December 31, 2025 | - | 80,371 |
| Redeemable noncontrolling interests | 1,202,666 | - |
| Stockholders'/Members' (Deficit) Equity: | ||
| Class A units, no par value; 88,532,824 units authorized, 88,532,824 units issued and outstanding as of December 31, 2025 | - | 199,016 |
| Class A common stock, $0.0001 par value per share; 1,000,000,000 shares authorized, 56,470,333 shares issued and outstanding as of June 30, 2026 | 6 | - |
| Class B common stock, $0.0001 par value per share; 200,000,000 shares authorized, 57,571,367 shares issued and outstanding as of June 30, 2026 | 5 | - |
| Retained (deficit) earnings | (533,722) | - |
| Total stockholders'/members’ (deficit) equity | (533,711) | 199,016 |
| Noncontrolling interest | 4,579 | 4,581 |
| Total (deficit) equity | (529,132) | 203,597 |
| Total liabilities, mezzanine equity, and (deficit) equity | 948,093 | 626,995 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In thousands)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Operating activities | ||
| Net income (loss) | 27,692 | (39,152) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
| Depreciation and amortization | 10,787 | 10,671 |
| Amortization of debt issuance costs | 292 | 611 |
| Noncash stock compensation expense | 1,809 | 88 |
| Change in contingent consideration | - | 2,435 |
| Deferred income taxes | 1,729 | 67 |
| Noncash operating lease expense | 1,671 | 1,550 |
| Provision for inventory obsolescence | 85 | 662 |
| Change in fair value of derivative liability | 5,695 | — |
| Loss on debt extinguishment | 919 | — |
| Loss on sale of equipment | 9 | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | (13,835) | (47,948) |
| Contract assets | (39,881) | 13,608 |
| Inventories | (8,619) | 1,383 |
| Prepaid expenses and other current assets | 7,917 | 230 |
| Other assets | (122) | 340 |
| Accounts payable | 6,851 | 8,382 |
| Accrued expenses and other current liabilities | 1,623 | 17,164 |
| Deferred revenue | 5,695 | 3,589 |
| Operating lease liabilities | (1,701) | (1,545) |
| Net cash provided by (used in) operating activities | 8,616 | (27,865) |
| Investing activities | ||
| Business acquisition, net of cash acquired | (500) | (2,077) |
| Proceeds from sale of property and equipment | 235 | — |
| Purchases of property and equipment | (3,268) | (4,203) |
| Net cash used in investing activities | (3,533) | (6,280) |
| Financing activities | ||
| Proceeds from Series A preferred units, net of issuance costs | 15,317 | — |
| Repurchase of Class A units | (1,048) | — |
| Distributions to members | (3,000) | — |
| Distributions to noncontrolling interest | (150) | (136) |
| Proceeds from issuance of Class B common stock | 1,000 | — |
| Proceeds from notes payable | 98,120 | — |
| Payments of debt issuance costs | (1,453) | — |
| Repayment of notes payable | (259,135) | (1,360) |
| Payment of debt extinguishment costs | (176) | — |
| Proceeds from IPO, net of underwriting discounts and commissions | 345,920 | — |
| Payments of offering costs | (12,253) | — |
| Proceeds from secondary offering, net of underwriting discounts and commissions | 148,809 | — |
| Purchase of Series B units | (148,809) | — |
| Proceeds from revolving credit facility | — | 10,000 |
| Net cash provided by financing activities | 183,142 | 8,504 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 188,225 | (25,641) |
| Cash, cash equivalents and restricted cash: | ||
| Beginning of period | 27,908 | 45,603 |
| End of period(1) | 216,133 | 19,962 |
Amounts as printed on the EDGAR/iXBRL face — (In thousands, except share and per share amounts); (in thousands, except share and unit data); (In thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗