AerSale cash flow, quarter by quarter

In Q3 2026, AerSale generated −$9.2M of operating cash flow and spent $1.9M on capital projects, leaving free cash flow of −$11.1M. That is $1.3M less than in Q3 2025 (−$9.8M).

Over the twelve months to Sep 30, 2026, operating cash flow was −$31.3M; the largest uses were operating cash flow ($31.3M), capital spending ($5.3M), other investing ($292K); besides operations, cash came from net borrowing (+) / repaid (−) ($35.2M), other financing ($318K); the cash balance fell by $1.4M.

Operating cash flow was −$9.2M against net income of −$15.0M. The largest differences: impairments +$13.4M, payables −$12.6M, depreciation & amortization +$6.2M.

Its cash conversion cycle was 291 days (receivables 49 + inventory 292 − payables 50).

AerSale is burning cash: its operations consume cash, a free cash flow of −$36.6M a year at the current rate against $3.9M of cash and investments: a runway of about 1 month; $2.3M of debt also comes due within a year, which would need refinancing or new money before any new financing.