ASLE earnings analysis
What we found in ASLE's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
AerSale reported Q2 2026 revenue of $70.932 million and diluted EPS of negative $0.09, with EPS weaker than both negative $0.07 in Q1 2026 and positive $0.18 in Q2 2025. The supplied filing text does not disclose current-quarter gross margin, operating margin, cash flow, balance-sheet, or segment results, and provides no quantitative guidance. Liquidity and earnings remain exposed to variable-rate debt, including $148.0 million of disclosed variable-rate borrowings and a quantified $0.5 million six-month interest-expense sensitivity.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue remained materially below prior year
- Q2 2026 revenue was $70.932 million, down approximately 0.1% from $71 million in Q1 2026 and down approximately 33.7% from $107 million in Q2 2025.
- EPS declined sequentially and year over year
- Diluted EPS was negative $0.09 versus negative $0.07 in Q1 2026 and positive $0.18 in Q2 2025, indicating sequential and year-over-year deterioration.
- Disclosure controls remained effective
- Management concluded that disclosure controls and procedures were effective at the reasonable assurance level as of June 30, 2026.
- No material control changes reported
- The company reported no changes in internal control over financial reporting during the quarter ended June 30, 2026 that materially affected, or were reasonably likely to materially affect, those controls.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Material exposure to variable-rate debt
- Variable-rate borrowings totaled $146.2 million under the Revolving Credit Agreement and $1.8 million under the CIBC Equipment Loan as of June 30, 2026. A 10% increase in the average interest rate would have increased interest expense by $0.5 million for the six months ended June 30, 2026.
- Interest-rate risk outweighs FX risk
- The filing states that a hypothetical 10% devaluation of the U.S. dollar against foreign currencies would not have had a material impact on financial position or continuing operations for the three and six months ended June 30, 2026; however, interest-rate volatility remains the quantified market-risk exposure.
- Litigation outcomes remain uncertain
- The company remains subject to litigation incidental to its operations and states that the adequacy of insurance coverage and outcomes cannot be predicted with certainty, although known claims are not currently expected to materially affect consolidated financial condition or results of operations.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.09
What they said about what is next.
No quantitative revenue or EPS guidance was provided in the supplied 10-Q text; the filing states there were no material changes to the risk factors reported in the 2025 Form 10-K.
The filing reads worse than the one before it.
What came before.
- 10-Q · May 8, 2026
- AerSale Corporation reported Q1 2026 earnings with revenue of $70.6 million, falling short of analyst expectations, marking a 7.4% increase year-over-year. The company experienced a net loss of $3.5 million, showing…
- 10-Q · August 7, 2025
- AerSale reported a strong Q2 (three months ended June 30, 2025) with revenue of $107,382,000 and diluted EPS of $0.18, both materially above year-ago and prior-quarter results. Gross margin expanded to 32.9% and…
- 10-Q · May 8, 2025
- AerSale reported Q1 2025 revenue of $65,776,000, down $24,764,000 (27.4%) versus Q1 2024, with a gross margin decline to 27.3% and an operating loss of $6,647,000 (operating margin -10.1%). The company generated a net…
- 10-Q · November 8, 2024
- AerSale reported Q3 revenue of $82,684,000, down 10.6% year-over-year from $92,484,000 but up versus the prior quarter ($77M). Gross profit held essentially flat at $23,675,000 (≈28.6% margin) and operating income…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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