AEVEX Corp.
For the period ended Jun 30, 2026. Filed Aug 12, 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.
Jun 30, 2026 · Filed Aug 12, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations (Unaudited)
(In thousands, except share and per share amounts)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenue: | ||||
| Products | $168,668 | $70,836 | $360,512 | $97,323 |
| Services | 33,123 | 30,298 | 57,972 | 57,069 |
| Total revenue | 201,791 | 101,134 | 418,484 | 154,392 |
| Cost of revenue: | ||||
| Products | 130,319 | 58,634 | 270,477 | 82,875 |
| Services | 23,825 | 24,124 | 43,866 | 50,079 |
| Total cost of revenue | 154,144 | 82,758 | 314,343 | 132,954 |
| Gross profit | 47,647 | 18,376 | 104,141 | 21,438 |
| Operating expenses: | ||||
| Selling, general, and administrative | 22,469 | 9,383 | 41,881 | 17,971 |
| Research and development | 5,639 | 7,194 | 8,976 | 16,684 |
| Amortization of intangible assets | 4,168 | 4,125 | 8,290 | 8,205 |
| Change in contingent consideration | — | 1,214 | — | 2,435 |
| Total operating expenses | 32,276 | 21,916 | 59,147 | 45,295 |
| Income (loss) from operations | 15,371 | (3,540) | 44,994 | (23,857) |
| Other income (expense), net: | ||||
| Interest expense | (3,977) | (8,378) | (10,521) | (15,557) |
| Interest income | 1,106 | 130 | 1,212 | 344 |
| Change in fair value of derivative liability | (3,295) | — | (5,695) | — |
| Other (expense) income, net | (57) | — | 156 | — |
| Total other expense, net | (6,223) | (8,248) | (14,848) | (15,213) |
| Income (loss) before income taxes | 9,148 | (11,788) | 30,146 | (39,070) |
| Provision for income taxes | 2,454 | 42 | 2,454 | 82 |
| Net income (loss) | 6,694 | (11,830) | 27,692 | (39,152) |
| Net income attributable to noncontrolling interest | 76 | 14 | 148 | 21 |
| Net income attributable to redeemable noncontrolling interests | 4,290 | — | 4,290 | $— |
| Net income (loss) attributable to AEVEX Corp. | $2,328 | $(11,844) | $23,254 | $(39,173) |
| Earnings per share of Class A common stock: | ||||
| Basic(1) | $0.01 | $— | $0.01 | $— |
| Diluted(1) | $0.01 | $— | $0.01 | $— |
| Weighted average shares of Class A common stock outstanding: | ||||
| Basic(1) | 52,805,593 | — | 52,805,593 | — |
| Diluted(1) | 52,805,593 | — | 52,805,593 | — |
(1)Represents net income per share of Class A common stock and weighted-average shares of Class A common stock outstanding for the period following the Organizational Transactions. Earnings (loss) per share is presented for the period from after the Organizational Transactions, April 17, 2026, to June 30, 2026. All earnings and losses prior to the Organizational Transactions were entirely allocable to the redeemable noncontrolling interests. Refer to Note 13, Earnings per Share, in the accompanying notes for additional details.
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