|
Cash and cash equivalents
|
|
$41k
|
$319k
|
$29.3m
|
$130.2m
|
$147.2m
|
$5.9m
|
$4.7m
|
$4.4m
|
|
Accounts receivable, net of allowance for credit losses of $1,173 as of December 31, 2025 and December 31, 2024
|
|
—
|
$51.9m
|
$50.2m
|
$42.6m
|
$28.3m
|
$31.2m
|
$34.6m
|
$42.7m
|
|
Income tax receivable
|
|
$0
|
$135k
|
—
|
—
|
—
|
$1.6m
|
$2.0m
|
$1.7m
|
|
Deposits, prepaid expenses, and other current assets
|
|
—
|
$5.1m
|
$7.6m
|
$2.7m
|
$13.0m
|
$19.6m
|
$11.1m
|
$9.2m
|
|
Total current assets
|
|
$41k
|
$528k
|
$179.0m
|
$271.5m
|
$333.6m
|
$264.8m
|
$284.0m
|
$269.0m
|
|
Property and equipment, net
|
|
—
|
$7.5m
|
$7.8m
|
$7.3m
|
$12.6m
|
$27.7m
|
$36.3m
|
$32.0m
|
|
Goodwill
|
|
—
|
$13.9m
|
$19.9m
|
$19.9m
|
$19.9m
|
$19.9m
|
$19.9m
|
$19.9m
|
|
Other intangible assets, net
|
|
—
|
$20.4m
|
$28.4m
|
$26.2m
|
$24.1m
|
$22.0m
|
$20.5m
|
$18.3m
|
|
Operating lease right-of-use assets
|
|
—
|
$111.9m
|
$86.8m
|
$73.4m
|
$31.6m
|
$27.5m
|
$33.1m
|
$30.1m
|
|
Other assets
|
|
—
|
—
|
—
|
—
|
—
|
$525k
|
$595k
|
$586k
|
|
Aircraft, airframes, engines, and parts, net
|
|
—
|
$37.0m
|
$55.5m
|
$77.5m
|
$66.0m
|
$151.4m
|
$131.0m
|
$158.4m
|
|
Advance vendor payments
|
|
—
|
$3.2m
|
$6.2m
|
$14.3m
|
$27.6m
|
$28.6m
|
$6.8m
|
$5.7m
|
|
Aircraft and engines held for lease, net
|
|
—
|
—
|
—
|
$73.4m
|
$31.3m
|
$26.5m
|
$67.8m
|
$102.4m
|
|
Deferred income taxes
|
|
—
|
$4.8m
|
$5.7m
|
$10.0m
|
$11.3m
|
$12.2m
|
$10.2m
|
$8.8m
|
|
Deferred financing costs, net
|
|
—
|
$1.0m
|
$367k
|
$999k
|
$544k
|
$1.5m
|
$1.3m
|
$1.0m
|
|
Income tax payable
|
|
—
|
—
|
$1.3m
|
$3.4m
|
—
|
—
|
—
|
$329k
|
|
Lessee and customer purchase deposits
|
|
—
|
$3.5m
|
$2.8m
|
$33.2m
|
$17.1m
|
$1.5m
|
$1.7m
|
$780k
|
|
Current operating lease liabilities
|
|
—
|
—
|
—
|
—
|
$4.4m
|
$4.6m
|
$4.4m
|
$4.3m
|
|
Deferred revenue
|
|
—
|
$7.7m
|
$2.6m
|
$2.9m
|
$1.4m
|
$3.0m
|
$1.8m
|
$530k
|
|
Deferred insurance proceeds
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$24.9m
|
$28.6m
|
|
Revolving credit facility
|
|
—
|
—
|
—
|
—
|
—
|
$29.0m
|
$39.2m
|
$110.1m
|
|
Long-term lease deposits
|
|
—
|
$4.2m
|
$1.1m
|
$2.1m
|
$152k
|
$102k
|
$3.0m
|
$3.5m
|
|
Long-term operating lease liabilities
|
|
—
|
—
|
—
|
—
|
$28.3m
|
$24.4m
|
$30.6m
|
$28.2m
|
|
Maintenance deposit payments and other liabilities
|
|
—
|
$4.6m
|
$3.7m
|
$3.4m
|
$668k
|
$64k
|
$52k
|
$589k
|
|
Warrant liability
|
|
—
|
—
|
$1.2m
|
$4.1m
|
$4.7m
|
$2.4m
|
$85k
|
$0
|
|
Total assets
|
|
$418k
|
$177.2m
|
$389.1m
|
$487.5m
|
$531.6m
|
$553.9m
|
$604.7m
|
$640.5m
|
|
Total liabilities and stockholders' equity
|
|
$418k
|
$177.2m
|
$389.1m
|
$487.5m
|
$531.6m
|
$553.9m
|
$604.7m
|
$640.5m
|
|
Accounts payable
|
|
—
|
$17.0m
|
$16.4m
|
$20.0m
|
$21.1m
|
$29.9m
|
$34.2m
|
$29.6m
|
|
Accrued expenses
|
|
—
|
$9.6m
|
$8.6m
|
$8.4m
|
$8.8m
|
$5.5m
|
$7.4m
|
$7.2m
|
|
Current portion of long-term debt
|
|
—
|
$3.4m
|
—
|
$0
|
$0
|
$1.3m
|
$605k
|
$993k
|
|
Total current liabilities
|
|
$393k
|
$505k
|
$31.7m
|
$67.9m
|
$52.8m
|
$45.7m
|
$75.0m
|
$72.4m
|
|
Long-term debt
|
|
—
|
—
|
—
|
—
|
—
|
$7.3m
|
$1.2m
|
$1.3m
|
|
Total liabilities
|
|
—
|
$50.0m
|
$36.5m
|
$78.6m
|
$86.6m
|
$108.9m
|
$149.1m
|
$216.0m
|
|
Common stock, $0.0001 par value. Authorized 200,000,000 shares; issued and outstanding 47,221,513 and 53,252,563 shares as of December 31, 2025 and December 31, 2024, respectively
|
|
431
|
529
|
4k
|
5k
|
5k
|
5k
|
5k
|
5k
|
|
Additional paid-in capital
|
|
$25k
|
$4.0m
|
$293.4m
|
$313.9m
|
$306.1m
|
$311.7m
|
$316.5m
|
$276.7m
|
|
Retained earnings
|
|
($451)
|
$963k
|
$59.2m
|
$95.0m
|
$138.8m
|
$133.3m
|
$139.1m
|
$147.7m
|
|
Total stockholders' equity
|
|
$25k
|
$5.0m
|
$352.6m
|
$408.9m
|
$445.0m
|
$445.0m
|
$455.6m
|
$424.4m
|