FTAI Aviation Ltd.

FTAI 10-Q · Q1 2026

FTAI Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Revenue 830,697 502,080 +65.5%
Show Product Lines breakouts
Aerospace products revenue 522,585 264,425 +97.6%
Aerospace products revenue · Aerospace Products 522,585 264,425 +97.6%
Lease income 39,892 68,440 -41.7%
Lease income 39,892 68,440 -41.7%
Lease income · Aviation Leasing 39,892 68,440 -41.7%
Maintenance 30,599 49,607 -38.3%
Maintenance · Aviation Leasing 30,599 49,607 -38.3%
Manufactured Product Other 10,184 18,939 -46.2%
Manufactured Product Other · Aviation Leasing 10,184 18,939 -46.2%
MRE Contract revenue 221,230 100,638 +119.8%
MRE Contract revenue · Aerospace Products 221,230 100,638 +119.8%
MRE Contract revenue · Aircraft Sale and Purchase Agreements 221.2 100.6 +119.9%
Product And Service Other 6,207 31 +19922.6%
Product And Service Other · Aviation Leasing 6,207 27 +22888.9%
Servicing Fees · Equity Method Investee 5,861 0
Show Business Segments breakouts
Aerospace Products · Operating Segments 743,815 365,063 +103.7%
Aviation Leasing · Operating Segments 86,882 137,013 -36.6%
Cost of Revenue 524,268 248,714 +110.8%
Show Business Segments breakouts
Aerospace Products · Operating Segments 511,012 228,755 +123.4%
Aviation Leasing · Operating Segments 13,256 19,959 -33.6%
Other Cost And Expense Operating 64,987 32,438 +100.3%
Show Business Segments breakouts
Aerospace Products · Operating Segments 10,839 5,687 +90.6%
Aviation Leasing · Operating Segments 10,275 7,426 +38.4%
Show Consolidation Items breakouts
Corporate Non Segment 43,873 19,325 +127.0%
General & Administrative 2,413 3,116 -22.6%
Show Consolidation Items breakouts
Corporate Non Segment 2,413 3,116 -22.6%
Business Combination Acquisition Related Costs 16,361 7,292 +124.4%
Show Business Segments breakouts
Aerospace Products · Operating Segments -15 1,132 -101.3%
Aviation Leasing · Operating Segments 4,186 2,905 +44.1%
Show Consolidation Items breakouts
Corporate Non Segment 12,190 3,255 +274.5%
Depreciation & Amortization 52,289 59,562 -12.2%
Show Business Segments breakouts
Aerospace Products · Operating Segments 4,678 3,584 +30.5%
Aviation Leasing · Operating Segments 46,485 55,061 -15.6%
Show Consolidation Items breakouts
Corporate Non Segment 1,126 917 +22.8%
Total Costs & Expenses 660,318 351,122 +88.1%
Show Business Segments breakouts
Aerospace Products · Operating Segments 526,514 239,158 +120.2%
Aviation Leasing · Operating Segments 74,202 85,351 -13.1%
Show Consolidation Items breakouts
Corporate Non Segment 59,602 26,613 +124.0%
Interest Expense -61,407 -62,040 +1.0%
Show Consolidation Items breakouts
Corporate Non Segment -61,407 -62,040 +1.0%
Income Loss From Equity Method Investments -2,363 -7,614 +69.0%
Show Business Segments breakouts
Aerospace Products · Operating Segments -40 113 -135.4%
Aviation Leasing · Operating Segments 7,677 -777 +1088.0%
Show Consolidation Items breakouts
Intersegment Elimination -10,000 -6,950 -43.9%
Operating Segments -2,363 -7,614 +69.0%
Operating Segments · 2025 Partnership -2,323 -7,727 +69.9%
Operating Segments · Advanced Engine Repair JV -61 113 -154.0%
Operating Segments · QuickTurn Europe 21
Gain Loss On Sale Of Property Plant Equipment (Q)
Show Business Segments breakouts
Aviation Leasing · Operating Segments 15,168 10,870 +39.5%
Show Related Party Transactions By Related Party breakouts
Equity Method Investee 15,168 10,870 +39.5%
Nonrelated Party 92,533 8,549 +982.4%
Other Non-Operating Income (Expense) 47,582 33,071 +43.9%
Show Business Segments breakouts
Aerospace Products · Operating Segments 171
Aviation Leasing · Operating Segments 47,239 32,619 +44.8%
Show Consolidation Items breakouts
Corporate Non Segment 172 452 -61.9%
Non-Operating Income (Expense) -1,020 -25,713 +96.0%
Show Business Segments breakouts
Aerospace Products · Operating Segments 131 113 +15.9%
Aviation Leasing · Operating Segments 70,084 42,712 +64.1%
Show Consolidation Items breakouts
Corporate Non Segment -61,235 -61,588 +0.6%
Intersegment Elimination -10,000 -6,950 -43.9%
Income Before Taxes 169,359 125,245 +35.2%
Show Business Segments breakouts
Aerospace Products · Operating Segments 217,432 126,018 +72.5%
Aviation Leasing · Operating Segments 82,764 94,374 -12.3%
Show Consolidation Items breakouts
Corporate Non Segment -120,837 -88,197 -37.0%
Intersegment Elimination -10,000 -6,950 -43.9%
Income Tax Expense (Benefit) 31,460 22,859 +37.6%
Show Business Segments breakouts
Aerospace Products · Operating Segments 33,697 19,375 +73.9%
Aviation Leasing · Operating Segments 18,326 17,348 +5.6%
Show Consolidation Items breakouts
Corporate Non Segment -20,563 -13,864 -48.3%
Net Income 137,899 102,386 +34.7%
Show Business Segments breakouts
Aerospace Products · Operating Segments 183,735 106,643 +72.3%
Aviation Leasing · Operating Segments 64,438 77,026 -16.3%
Show Equity Components breakouts
Retained Earnings 137,899 102,386 +34.7%
Show Consolidation Items breakouts
Corporate Non Segment -100,274 -74,333 -34.9%
Intersegment Elimination -10,000 -6,950 -43.9%
Dividends Preferred Stock 3,709 6,115 -39.3%
Show Consolidation Items breakouts
Corporate Non Segment 3,709 6,115 -39.3%
Net Income Loss Available To Common Stockholders Basic 134,190 89,944 +49.2%
Show Business Segments breakouts
Aerospace Products · Operating Segments 183,735 106,643 +72.3%
Aviation Leasing · Operating Segments 64,438 77,026 -16.3%
Show Consolidation Items breakouts
Corporate Non Segment -103,983 -86,775 -19.8%
Intersegment Elimination -10,000 -6,950 -43.9%
EPS (Basic) 1.31 0.88 +48.9%
EPS (Diluted) 1.29 0.87 +48.3%
Wtd Avg Shares (Basic) 102,575,500 102,552,436 0.0%
Wtd Avg Shares (Diluted) 104,255,902 103,159,051 +1.1%
Revenue 830,697 502,080 +65.5%
Show Business Segments breakouts
Aerospace Products · Asia 27,852 42,959 -35.2%
Aerospace Products · Europe 218,029 96,872 +125.1%
Aerospace Products · North America 482,997 207,432 +132.8%
Aerospace Products · Operating Segments 743,815 365,063 +103.7%
Aerospace Products · South America 14,937 8,318 +79.6%
Aviation Leasing · Africa 2,542 2,199 +15.6%
Aviation Leasing · Asia 19,662 32,141 -38.8%
Aviation Leasing · Europe 30,281 74,044 -59.1%
Aviation Leasing · North America 27,673 18,263 +51.5%
Aviation Leasing · Operating Segments 86,882 137,013 -36.6%
Aviation Leasing · South America 6,724 10,366 -35.1%
Show Geography breakouts
Africa 2,542 11,681 -78.2%
Asia 47,514 75,104 -36.7%
Europe 248,310 170,916 +45.3%
North America 510,670 225,695 +126.3%
South America 21,661 18,684 +15.9%

Balance Sheet

Balance Sheet
Metric Q1 2026 Q1 2025 YoY
Current Assets
Cash & Cash Equivalents 412,240 112,133 +267.6%
Accounts Receivable 176,873
Show Related Party Transactions By Related Party breakouts
Equity Method Investee 35,422
Inventory 1,364,256 645,163 +111.5%
Assets Of Disposal Group Including Discontinued Operation Current 75,703 465,725 -83.7%
Other Assets Current 561,202
Show Related Party Transactions By Related Party breakouts
Equity Method Investee 18,908
Total Current Assets 2,590,274 1,869,861 +38.5%
Non-Current Assets
Intangible Assets 12,872
Show Finite Lived Intangible Assets By Major Class breakouts
Customer Relationships 11,239
Off Market Favorable Lease 1,633
Goodwill 94,221
Total Assets 4,528,911
Property, Plant & Equipment 1,370,929
Show Geography breakouts
Africa 16,067
Asia 264,808
Europe 436,767
North America 414,617
South America 238,670
Other Assets
Property Subject To Or Available For Operating Lease Net 1,248,793
Show Property Plant And Equipment By Type breakouts
Leasing Equipment 1,248,793
Property Plant And Equipment Excluding Lessor Asset Under Operating Lease After Accumulated Depreciation 122,136
Investments 313,039
Other Assets 147,576
Current Liabilities
Accounts Payable 203,751 110,802 +83.9%
Accrued Liabilities 136,503 142,098 -3.9%
Maintenance Deposit Liability Current 21,546 33,748 -36.2%
Security Deposit Liability Current 12,354 19,557 -36.8%
Liabilities Of Disposal Group Including Discontinued Operation Current 23,420 76,496 -69.4%
Other Liabilities Current 96,774
Total Current Liabilities 494,348 473,762 +4.3%
Non-Current Liabilities
Long-Term Debt 3,451,087 3,642,527 -5.3%
Maintenance Deposit Liability Noncurrent 21,764 25,510 -14.7%
Security Deposits Liability Noncurrent 9,003 13,429 -33.0%
Other Non-Current Liabilities 121,033 84,583 +43.1%
Total Liabilities 4,097,235
Stockholders' Equity
Common Stock 1,026 1,026 0.0%
Preferred Stock Value 68 68 0.0%
Additional Paid-In Capital 54,911 -2,044 +2786.4%
Retained Earnings 375,671 29,283 +1182.9%
Total Stockholders' Equity 431,676 28,333 +1423.6%
Total Liabilities & Equity 4,528,911 4,268,144 +6.1%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2026 YTD Q1 2025 YoY
Operating Activities
Insurance Recoveries -44,595 -30,125 -48.0%
Security Deposits And Maintenance Claims -1,783 -3,559 +49.9%
Stock-Based Compensation 6,347 4,889 +29.8%
Deferred Income Taxes And Tax Credits 12,208 20,683 -41.0%
Fair Value Adjustment Of Guarantees 411 316 +30.1%
Amortization Of Lease Intangibles And Incentives 7,224 8,825 -18.1%
Amortization of Financing Costs 3,054 2,830 +7.9%
Other Operating Activities Cash Flow Statement 1,649 210 +685.2%
Change in Accounts Receivable 28,787 -73,088 +139.4%
Change in Inventory -186,896 -127,211 -46.9%
Increase Decrease In Other Operating Assets -121,135 -41,410 -192.5%
Increase Decrease In Accounts Payable And Accrued Liabilities 26,267 65,251 -59.7%
Increase Decrease In Other Operating Liabilities 23,536 -3,460 +780.2%
Net Cash from Operations -160,076 -25,966 -516.5%
Deferred Income Taxes 12,208 20,683 -41.0%
Investing Activities
Payments For Advance To Affiliate -1,246 -19,967 +93.8%
Proceeds From Collection Of Notes Receivable 1,565 989 +58.2%
Payments To Acquire Equipment On Lease -87,793 -267,417 +67.2%
Payments To Acquire Notes Receivable -801
Capital Expenditures -6,641 -4,156 -59.8%
Payments For Deposits On Leasing Equipment -37,121 -46,344 +19.9%
Show Related Party Transactions By Related Party breakouts
Equity Method Investee 0 -25,400 +100.0%
Proceeds From Sale Of Productive Assets (Q)
Show Related Party Transactions By Related Party breakouts
Equity Method Investee 117,345 58,892 +99.3%
Nonrelated Party 292,281 174,054 +67.9%
Proceeds From Insurance Settlement Investing Activities 27,040 30,125 -10.2%
Proceeds From Deposit On Sale Of Aircraft And Engine 6,959 3,376 +106.1%
Proceeds From Deposits For Leasing Equipment 5,430 44,303 -87.7%
Show Related Party Transactions By Related Party breakouts
Equity Method Investee 0 42,813 -100.0%
Net Cash from Investing 317,018 -27,627 +1247.5%
Financing Activities
Proceeds From Issuance Of Long Term Debt 125,000 290,000 -56.9%
Repayments Of Long Term Debt -125,000 -90,000 -38.9%
Increase In Security Deposits 100 1,233 -91.9%
Decrease In Security Deposits -558 -300 -86.0%
Increase In Maintenance Deposits 7,487 15,011 -50.1%
Decrease In Maintenance Deposits -5,323 -4,246 -25.4%
Payment For Settlement Of Equity Based Compensation -2,143
Payments Of Dividends Common Stock -41,032 -30,767 -33.4%
Payments Of Dividends Preferred Stock And Preference Stock -3,709 -6,115 +39.3%
Net Cash from Financing -45,178 50,610 -189.3%
Supplemental
Notes Received Net 59,317 34,602 +71.4%
Noncashor Part Noncash Acquisition Leasing Equipment Acquired -15,895 -8,341 -90.6%
Noncash Or Part Noncash Acquisition Accounts Receivable Settled With Maintenance Deposits -1,484 -5,787 +74.4%
Other Cash Flow
Net Change in Cash 111,764 -2,983 +3846.7%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 412,390 112,283 +267.3%

Values in thousands USD. Source: SEC EDGAR 10-Q filing.

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