Filing Flows › FTAI Aviation (FTAI) › Q1 2026
FTAI Aviation (FTAI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
FTAI Aviation (FTAI) reported revenue of $831M for the first quarter 2026 (Q1 2026), +65% from a year earlier and +25% from the quarter before. Operating margin was 20.5%, net earnings $134M (16.2% of revenue).
FTAI Aviation, Q1 2026: revenue $831M (+66% year over year), operating margin 20.5%, net earnings $134M, operating cash flow −$160M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $831M | +25% | +65% |
| Operating profit | $170M | -5% | +13% |
| Net earnings | $134M | +20% | +49% |
| Operating cash flow | −$160M | — | — |
What changed
Revenue was $830.7M in Q1 2026, up 65% year over year and up 25% from the previous quarter. Aerospace products revenue was the largest line at 63% of revenue. Aerospace products revenue added $258.2M year over year (up 98%), 79% of the total change. Asset sales revenue declined 46%.
Operating profit was $170.4M, a 20.5% margin (down 9.6 points year over year). Of the extra revenue versus Q1 2025, 6% reached operating profit, below the 30% margin then. Total costs grew 88% against revenue growth of 65%. The fastest-growing cost line was Cost of revenue (+111%). Net earnings were $134.2M, up 49% year over year. The effective tax rate was 18.6%.
Operating cash flow was −$160.1M. Non-cash charges added back $52.3M of depreciation and amortization and $6.3M of share-based compensation. Working capital and other items used $356.6M. Capital expenditures of $6.6M exceeded it, leaving free cash flow of −$166.7M.
Questions
What was FTAI Aviation's revenue in the first quarter 2026?
FTAI Aviation (FTAI) reported revenue of $831M for the first quarter 2026 (Q1 2026), +65% from a year earlier and +25% from the quarter before.
Was FTAI Aviation profitable in the first quarter 2026?
Operating profit was $170M (20.5% of revenue) and net earnings $134M.
Source: FTAI Aviation 10-Q on SEC EDGAR.