Filing Flows › FTAI Aviation (FTAI) › Q1 2025
FTAI Aviation (FTAI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 5, 2025
FTAI Aviation (FTAI) reported revenue of $502M for the first quarter 2025 (Q1 2025), +54% from a year earlier and +0.7% from the quarter before. Operating margin was 30.1%, net earnings $89.9M (17.9% of revenue).
FTAI Aviation, Q1 2025: revenue $502M (+54% year over year), operating margin 30.1%, net earnings $89.9M, operating cash flow −$26.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $502M | +0.7% | +54% |
| Operating profit | $151M | -5% | +62% |
| Net earnings | $89.9M | +4% | +187% |
| Operating cash flow | −$26.0M | — | — |
What changed
Revenue was $502.1M in Q1 2025, up 54% year over year and up 1% from the previous quarter. Aerospace products revenue was the largest line at 73% of revenue. Aerospace products revenue added $176.0M year over year (up 93%), 100% of the total change. Asset sales revenue declined 51%.
Operating profit was $151.0M, a 30.1% margin (up 1.6 points year over year). Of the extra revenue versus a year earlier, 33% reached operating profit, above the 28% margin then. Total costs grew 50% against revenue growth of 54%. The fastest-growing cost line was Cost of revenue (+74%). Net earnings were $89.9M, up 187% year over year. The effective tax rate was 18.3%.
Operating cash flow was −$26.0M. Non-cash charges added back $59.6M of depreciation and amortization and $4.9M of share-based compensation. Working capital and other items used $192.8M. Capital expenditures of $4.2M exceeded it, leaving free cash flow of −$30.1M.
Questions
What was FTAI Aviation's revenue in the first quarter 2025?
FTAI Aviation (FTAI) reported revenue of $502M for the first quarter 2025 (Q1 2025), +54% from a year earlier and +0.7% from the quarter before.
Was FTAI Aviation profitable in the first quarter 2025?
Operating profit was $151M (30.1% of revenue) and net earnings $89.9M.
Source: FTAI Aviation 10-Q on SEC EDGAR.