Filing Flows › AerSale (ASLE) › Q4 2025
AerSale (ASLE) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 10, 2026
AerSale (ASLE) reported revenue of $90.9M for the fourth quarter 2025 (Q4 2025), -4% from a year earlier and +28% from the quarter before. Operating margin was 7.8%, net earnings $5.4M (5.9% of revenue).
AerSale, Q4 2025: revenue $90.9M (-4% year over year), operating margin 7.8%, net earnings $5.4M, operating cash flow $11.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $90.9M | +28% | -4% |
| Gross profit | $31.0M | +44% | +4% |
| Operating profit | $7.0M | +145% | +43% |
| Net earnings | $5.4M | — | +100% |
| Operating cash flow | $11.4M | — | -70% |
| Free cash flow | $9.8M | — | -70% |
What changed
Revenue was $90.9M in Q4 2025, down 4% year over year and up 28% from the previous quarter. Products was the largest line at 64% of revenue.
Gross margin was 34.1%, up 2.7 points from a year earlier. Operating profit was $7.0M, a 7.8% margin (up 2.5 points year over year). Operating expenses fell 4% while revenue fell 4%. Net earnings were $5.4M, up 100% year over year. The effective tax rate was 3.3%.
Operating cash flow was $11.4M (down 70% year over year), 211% of net earnings. Non-cash charges added back $5.1M of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items used $892K. Capital expenditures of $1.6M left free cash flow of $9.8M.
Questions
What was AerSale's revenue in the fourth quarter 2025?
AerSale (ASLE) reported revenue of $90.9M for the fourth quarter 2025 (Q4 2025), -4% from a year earlier and +28% from the quarter before.
Was AerSale profitable in the fourth quarter 2025?
Operating profit was $7.0M (7.8% of revenue) and net earnings $5.4M.
Source: AerSale 10-K on SEC EDGAR.