Filing Flows › AAR (AIR) › Q3 FY25
AAR (AIR) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Mar 28, 2025
AAR (AIR) reported revenue of $678M for the third quarter fiscal 2025 (Q3 FY25), +20% from a year earlier and -1% from the quarter before. Operating margin was -1.6%, net loss $8.9M (1.3% of revenue).
AAR, Q3 FY25: revenue $678M (+20% year over year), operating margin -1.6%, net loss $8.9M, operating cash flow −$18.7M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $678M | -1% | +20% |
| Operating profit | −$11.1M | — | — |
| Net earnings | −$8.9M | — | — |
| Operating cash flow | −$18.7M | — | — |
What changed
Revenue was $678.2M in Q3 FY25, up 20% year over year and down 1% from the previous quarter. Parts Supply was the largest line at 40% of revenue. Repair & Engineering added $75.1M year over year (up 53%), 68% of the total change. Integrated Solutions declined 2%.
Gross margin was 19.4%, unchanged from a year earlier. Operating costs exceeded revenue by $11.1M, an operating margin of -1.6%. Operating expenses grew 59% against revenue growth of 20%. The fastest-growing cost line was Other operating costs (+537%). The quarter ended with a net loss of $8.9M, narrower than the previous quarter's $30.6M loss.
Operating cash flow was −$18.7M. Non-cash charges added back $14.0M of depreciation and amortization and $5.6M of share-based compensation. Working capital and other items used $29.4M. Capital expenditures of $8.5M exceeded it, leaving free cash flow of −$27.2M.
Questions
What was AAR's revenue in the third quarter fiscal 2025?
AAR (AIR) reported revenue of $678M for the third quarter fiscal 2025 (Q3 FY25), +20% from a year earlier and -1% from the quarter before.
Was AAR profitable in the third quarter fiscal 2025?
Operating loss was $11.1M (-1.6% of revenue) and net loss $8.9M.
Source: AAR 10-Q on SEC EDGAR.