AEVEX Corp.
For the period ended Mar 31, 2026. Filed May 20, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 20, 2026
AVEX$11.60+0.3%Stored close · as of Nov 10, 2026
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ATHENA TECHNOLOGY SOLUTIONS HOLDINGS, LLCCondensed Consolidated Balance Sheets (Unaudited)
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(in thousands, except par value and unit amounts)
| March 31, 2026 | December 31, 2025 | |
|---|---|---|
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | $27,449 | $27,908 |
| Accounts receivable, net | 85,821 | 55,215 |
| Contract assets | 120,701 | 79,680 |
| Inventories | 6,101 | 4,134 |
| Prepaid expenses and other current assets | 26,559 | 23,479 |
| Total current assets | 266,631 | 190,416 |
| Goodwill | 292,328 | 292,328 |
| Customer relationships, net | 106,231 | 110,250 |
| Other intangible assets, net | 1,761 | 1,864 |
| Property and equipment, net | 20,038 | 19,586 |
| Operating lease right-of-use assets | 7,322 | 7,697 |
| Other assets | 1,564 | 478 |
| Asset held for sale | 4,376 | 4,376 |
| Total assets | $700,251 | $626,995 |
| Liabilities, Mezzanine Equity and Equity | ||
| Current Liabilities: | ||
| Accounts payable | $46,747 | $23,700 |
| Accrued expenses and other current liabilities | 25,098 | 21,760 |
| Deferred revenue | 21,190 | 10,942 |
| Current portion of long-term debt | 2,720 | 2,720 |
| Operating lease liabilities | 3,493 | 3,426 |
| Total current liabilities | 99,248 | 62,548 |
| Long-term debt, net of current portion | 255,164 | 255,780 |
| Operating lease liabilities, net of current portion | 4,241 | 4,700 |
| Series A preferred units derivative liability | 25,541 | 19,999 |
| Total liabilities | 384,194 | 343,027 |
| Commitments and contingencies (Note 7) | ||
| Mezzanine Equity: | ||
| Series A preferred units, no par value, 120,000 units authorized, 115,342 and 100,000 units issued and outstanding as of March 31, 2026 and December 31, 2025, respectively | 93,908 | 80,371 |
| Equity: | ||
| Class A units, no par value; 88,532,824 units authorized, 88,432,824 and 88,532,824 units issued and outstanding as of March 31, 2026 and December 31, 2025, respectively | 217,571 | 199,016 |
| Total members’ equity | 217,571 | 199,016 |
| Noncontrolling interest | 4,578 | 4,581 |
| Total equity | 222,149 | 203,597 |
| Total liabilities, mezzanine equity, and equity | $700,251 | $626,995 |
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