AerSale Corp ASLE
Monocle Acquisition Corporation ("Monocle") was initially formed as a Delaware corporation on August 20, 2018 for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses.
On December 22, 2020, Monocle consummated the previously announced business combination pursuant to that certain Amended and Restated Agreement and Plan of Merger, dated September 8, 2020 (the "Merger Agreement") by and among Monocle, the Company, AerSale Aviation, Inc. (f/k/a AerSale Corp.), a Delaware corporation ("AerSale Aviation"), Monocle Merger Sub 1 Inc., a Delaware corporation ("Merger Sub 1"), Monocle Merger Sub 2 LLC, a Delaware limited liability company ("Merger Sub 2"), and Leonard Green & Partners, L.P., a Delaware limited partnership, solely in its capacity as the initial Holder Representative (as defined in the Merger Agreement). The transactions contemplated by the Merger Agreement are referred to herein as the "Merger" or the "Business Combination" and in connection therewith, Monocle merged with and into us, whereby we survived the merger and became the successor issuer to Monocle by operation of Rule 12g-3 under the Exchange Act.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- Domestic
- Foreign
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Domestic | $180.9M | $215.2M | $145.1M |
| Foreign | $154.4M | $129.9M | $189.4M |
As the company reported it, from the “BUSINESS SEGMENTS - Geographic (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $335.3M | $345.1M | $334.5M | $408.5M | $340.4M | $208.9M | $304.2M | $290.7M | — |
| Cost of revenue | $229.5M | $241.1M | $242.1M | $257.1M | $221.0M | $156.1M | $219.2M | $218.6M | — |
| Gross profit | $105.8M | $103.9M | $92.4M | $151.4M | $119.4M | $52.8M | $85.0M | $72.2M | — |
| SG&A | $90.0M | $94.2M | $103.2M | $96.3M | $77.5M | $55.6M | $59.8M | $46.6M | — |
| Total operating expenses | — | — | — | — | — | — | $1.6M | — | — |
| Operating income | $15.8M | $9.7M | -$10.8M | $55.0M | $56.7M | $11.3M | $22.1M | $25.5M | — |
| Pre-tax income | $10.5M | $7.8M | -$7.7M | $57.9M | $47.8M | $9.7M | $19.7M | $23.5M | — |
| Income tax | $2.0M | $2.0M | $2.1M | $14.0M | $11.7M | $1.6M | $4.2M | $3.2M | — |
| Net income | $8.6M | $5.9M | -$5.6M | $43.9M | $36.1M | $8.1M | $15.5M | $8.9M | — |
| EPS, basic | 0.18 | 0.11 | -0.15 | 0.85 | 0.84 | 7.85 | -516.98 | -668.04 | — |
| EPS, diluted | 0.18 | 0.11 | -0.15 | 0.83 | 0.76 | 7.39 | -516.98 | -668.04 | — |
| Shares, diluted (wtd. avg.) | 48.8M | 53.4M | 51.5M | 53.1M | 47.3M | 1.1M | 37,010 | 37,010 | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $4.4M | $4.7M | $5.9M | $147.2M | $130.2M | $29.3M | $17.5M | $21.6M | $7.8M |
| Receivables | $42.7M | $34.6M | $31.2M | $28.3M | $29.4M | $50.2M | $51.9M | — | — |
| Inventory | $205.4M | $224.8M | $177.8M | $183.5M | $159.3M | $140.7M | $95.0M | — | — |
| Total current assets | $269.0M | $284.0M | $264.8M | $333.6M | $271.5M | $179.0M | $141.8M | $41.1K | — |
| Property, plant and equipment | $32.0M | $36.3M | $27.7M | $12.6M | $7.3M | $7.8M | $7.5M | — | — |
| Goodwill | $19.9M | $19.9M | $19.9M | $19.9M | $19.9M | $19.9M | $13.9M | $442.0K | — |
| Other intangibles | $8.0M | $10.2M | $11.7M | $13.8M | $15.9M | $18.0K | $11.0M | — | — |
| Total assets | $640.5M | $604.7M | $553.9M | $531.6M | $487.5M | $389.1M | $344.0M | $417.5K | — |
| Accounts payable | $29.6M | $34.2M | $29.9M | $21.1M | $20.0M | $16.4M | $17.0M | $451 | — |
| Short-term debt | $993.0K | $605.0K | $1.3M | — | — | — | $3.4M | — | — |
| Total current liabilities | $72.4M | $75.0M | $45.7M | $52.8M | $67.9M | $31.7M | $41.2M | $393.0K | — |
| Long-term debt | $111.3M | $40.4M | $36.3M | $0 | $0 | $0 | $3.4M | — | — |
| Total liabilities | $216.0M | $149.1M | $108.9M | $86.6M | $78.6M | $37.7M | $50.0M | — | — |
| Retained earnings | $147.7M | $139.1M | $133.3M | $138.8M | $95.0M | $400.0K | $50.8M | -$451 | — |
| Total equity | $424.4M | $455.6M | $445.0M | $445.0M | $408.9M | $351.5M | $294.0M | $277.8M | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$23.0M | $11.2M | -$174.2M | -$113.0K | $79.1M | -$12.2M | $45.5M | $59.2M | — |
| Depreciation and amortisation | $19.3M | $16.0M | $10.5M | $11.0M | $13.0M | $24.2M | $30.1M | $29.8M | — |
| Stock-based compensation | $4.9M | $4.3M | $12.1M | $16.5M | $12.7M | $1.0M | $0 | — | — |
| Capital expenditure | $6.1M | $14.1M | $11.4M | $8.5M | $1.5M | $2.1M | $1.6M | — | — |
| Investing cash flow | -$3.9M | -$16.1M | $3.1M | $41.4M | $13.2M | -$21.1M | -$62.1M | $44.2M | — |
| Financing cash flow | $26.5M | $3.8M | $29.7M | -$24.3M | $8.6M | $45.2M | -$5.5M | -$83.8M | — |
| Buybacks | $45.0M | $45.0M | — | $22.2M | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-050451.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $290.7M | $304.2M | $208.9M | $340.4M | $408.5M | $334.5M | $345.1M | $335.3M |
| Gross profit | — | $72.2M | $85.0M | $52.8M | $119.4M | $151.4M | $92.4M | $103.9M | $105.8M |
| Net income | — | $8.9M | $15.5M | $8.1M | $36.1M | $43.9M | -$5.6M | $5.9M | $8.6M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Officer or director change Item 5.02
- Results announced Item 2.02
- Shareholder vote Item 5.07
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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