Inferra AI / Company / AVEX
Aevex Corp.
AVEX · Industrials
Last earnings Aug 12, 2026
Key results
Total revenuequarter
$216.7 million
Total revenue of $216.7 million , up 307% from $53.3 million in Q1 2025
SEC original ↗Aevex Corp. — Earnings release (8-K exhibit)EX-99May 20, 2026
Growthquarter
up 307%
Total revenue of $216.7 million , up 307% from $53.3 million in Q1 2025
SEC original ↗Aevex Corp. — Earnings release (8-K exhibit)EX-99May 20, 2026
AEVEX Total revenuequarter
$216.7 million
AEVEX Total revenues increased to $216.7 million from $53.3 million , or by $163.4 million , for the three months ended March 31, 2026 , compared to the same period in 2025 .
SEC original ↗Aevex Corp. — Earnings release (8-K exhibit)EX-99May 20, 2026
Net incomequarter
$21.0 million
For the three months ended March 31, 2026 , our net income (loss) increased to net income of $21.0 million and a net income margin of 9.7% from a net loss of $(27.3) million and a net loss margin of (51.3)% , or by $48.3 million , compared to the same period in 2025 .
SEC original ↗Aevex Corp. — Earnings release (8-K exhibit)EX-99May 20, 2026
Revenuequarter
$48.4 million
The increase was primarily driven by a $48.4 million increase in Tactical Systems Adjusted EBITDA as a result of the increase in products revenue and decrease in research and development expense for UAS products and services, which was partially offset by the increase in cost of products revenue and the increase in selling, general and administrative expenses for new employee-related costs.
SEC original ↗Aevex Corp. — Earnings release (8-K exhibit)EX-99May 20, 2026
revenue increased to $190.8 million from $29.5 million , or by $161.3 million and 547.8% , for the three months ended March 31, 2026 , compared to the three months ended March 31, 2025 .
SEC original ↗Aevex Corp. — Earnings release (8-K exhibit)EX-99May 20, 2026
The increase is primarily due to $161.0 million of higher revenue from UAS products.
SEC original ↗Aevex Corp. — Earnings release (8-K exhibit)EX-99May 20, 2026
Global Solutions Global Solutions segment revenue increased to $25.9 million from $23.8 million , or by $2.1 million and 8.8% , for the three months ended March 31, 2026 , compared to the three months ended March 31, 2025 .
SEC original ↗Aevex Corp. — Earnings release (8-K exhibit)EX-99May 20, 2026
The increase is primarily due to $4.3 million of higher revenue from aircraft modifications and testing products and services, which is offset by $2.2 million of lower revenue from mission support, intelligence, surveillance, and reconnaissance products and services .
SEC original ↗Aevex Corp. — Earnings release (8-K exhibit)EX-99May 20, 2026
AI analysis
Q1 2026 · reported May 20, 2026
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
The quarter in charts
Guidance ladder — revenue
Delivered vs the company's guided range
EX-99 · May 20, 2026 Guide as stated by the company; range and midpoint computed from the stated figure.
Headline figures
| Metric | Q1 2026 | Prior qtr | Year ago |
|---|---|---|---|
| Total revenue | $216.7 million | — | — |
| Growth | up 307% | — | — |
| AEVEX Total revenue | $216.7 million | — | — |
| Net income | $21.0 million | — | — |
| Revenue | $48.4 million | — | — |
Guidance · company-stated
“* between $88.0 million and $94.5 million”
Guidance stated in the release's Business Outlook table for the Full Year 2026; no direction stated — figures as stated in the table.
Capital allocation
These favorable impacts were partially offset by a $10.8 million increase in selling, general and administrative expenses, primarily due to a $3.8 million increase in audit and accounting fees related to our IPO process, a $3.0 million increase in new employee-related costs and a $1.1 million repurchase of Incentive Units.
New Term Loan Facility means the $100.0 million senior secured term loan facility under the New Credit Agreement.
What changed vs last quarter
- Guide midpoint vs latest-quarter revenue +176.9% computed from stated figures
Event summary
Announces Financial Results for First Quarter 2026 SOLANA
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
total revenue: “total revenue of between $600.0 million and $620.0 million”
Adjusted EBITDA: “Adjusted EBITDA* between $88.0 million and $94.5 million”
total revenue (“the Full Year 2026”)
“total revenue of between $600.0 million and $620.0 million”
Adjusted EBITDA (“the Full Year 2026”)
“Adjusted EBITDA* between $88.0 million and $94.5 million”
Guidance stated in the release's Business Outlook table for the Full Year 2026; no direction stated — figures as stated in the table.
Capital allocation
These favorable impacts were partially offset by a $10.8 million increase in selling, general and administrative expenses, primarily due to a $3.8 million increase in audit and accounting fees related to our IPO process, a $3.0 million increase in new employee-related costs and a $1.1 million repurchase of Incentive Units.
SEC original ↗Aevex Corp. — Earnings release (8-K exhibit)EX-99May 20, 2026
New Term Loan Facility means the $100.0 million senior secured term loan facility under the New Credit Agreement.
SEC original ↗Aevex Corp. — 10-Q Quarterly report10-QAug 12, 2026
iii Table of Contents New Delayed Draw Term Loan Facility means the $75.0 million senior secured delayed draw term loan facility under the New Credit Agreement.
SEC original ↗Aevex Corp. — 10-Q Quarterly report10-QAug 12, 2026
New Revolving Credit Facility means the $200.0 million senior secured revolving credit facility under the New Credit Agreement, which includes a sublimit for the issuance of letters of credit in an amount up to $40.0 million and a sublimit for swing line loans in an amount up to $30.0 million.
SEC original ↗Aevex Corp. — 10-Q Quarterly report10-QAug 12, 2026
New Credit Facilities means the New Revolving Credit Facility together with the New Term Loan Facility and the New Delayed Draw Term Loan Facility under the New Credit Agreement.
SEC original ↗Aevex Corp. — 10-Q Quarterly report10-QAug 12, 2026
Prior Credit Facilities means our former term loan and revolving credit facilities that were governed by that certain Credit Agreement, dated as of March 18, 2020 (as amended) by and among the Borrower, a syndicate of lenders, Ankura Trust Company, LLC, as administrative agent and PNC Bank, National Association as revolving agent and collateral agent.
SEC original ↗Aevex Corp. — 10-Q Quarterly report10-QAug 12, 2026
Strategy & priorities
We are particularly encouraged by the sustained customer adoption of our AI enabled autonomy solutions powered by CompassX, along with our next generation solutions capabilities that have been validated in operational use and are increasingly central to customer modernization priorities.
SEC original ↗Aevex Corp. — Earnings release (8-K exhibit)EX-99May 20, 2026
With a proven ability to deliver at scale, a robust pipeline, and deep alignment with DoW and international allies' priorities, we believe AEVEX is well-positioned to create durable value for all stakeholders.
SEC original ↗Aevex Corp. — Earnings release (8-K exhibit)EX-99May 20, 2026
As we move further into the year, we remain focused on scaling efficiently, strengthening margins, and investing in autonomy and software capabilities aligned with long term customer demand, and our teams continue to perform with discipline as we execute against our 2026 plan, said Todd Booth, CFO of AEVEX Total revenues increased to $216.7 million from $53.3 million , or by $163.4 million , for the three months ended March 31, 2026 , compared to the same period in 2025 .
SEC original ↗Aevex Corp. — Earnings release (8-K exhibit)EX-99May 20, 2026
For example, all statements we make relating to our financial outlook or guidance, our estimated and projected costs, expenditures, cash flows and growth rates, our plans and objectives for future operations, backlog, total addressable market opportunity, production ramp up, growth and M A strategy, and capital allocation priorities are forward- looking statements.
SEC original ↗Aevex Corp. — Earnings release (8-K exhibit)EX-99May 20, 2026
For example, all statements we make relating to the proposed acquisition (the Transaction ) of Maritime Applied Physics Corporation ( BlackSea Technologies ) and its expected closing, integration and financial impact, BlackSea Technologies revenue and growth expectations, earnout targets related to the Acquisition, our backlog, our total addressable market opportunity, our estimated and projected costs, expenditures, cash flows, growth rates and financial results, our plans and objectives for future operations, capital allocation priorities, growth or initiatives or strategies are forward-looking statements.
SEC original ↗Aevex Corp. — 10-Q Quarterly report10-QAug 12, 2026
Risks & headwinds
The foregoing estimates, which are based on information as of May 20, 2026, are forward-looking and reflect management s view of current and future market conditions, subject to certain risks and uncertainties, including certain assumptions with respect to our expectation that the government will remain open, that there will not be prolonged continuing resolutions, and that the general contracting and funding environment does not materially change.
SEC original ↗Aevex Corp. — Earnings release (8-K exhibit)EX-99May 20, 2026
com Forward-Looking Statements This press release and related conference call contain forward-looking statements that are subject to risks and uncertainties.
SEC original ↗Aevex Corp. — Earnings release (8-K exhibit)EX-99May 20, 2026
All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that we expected, including our reliance on a limited number of major customers for a substantial portion of our revenue the potential for reductions, delays, or changes in U.
SEC original ↗Aevex Corp. — Earnings release (8-K exhibit)EX-99May 20, 2026
You should evaluate all forward-looking statements made in this press release and related conference call in the context of these risks and uncertainties.
SEC original ↗Aevex Corp. — Earnings release (8-K exhibit)EX-99May 20, 2026
Legal Proceedings 46 Item 1A.
SEC original ↗Aevex Corp. — 10-Q Quarterly report10-QAug 12, 2026
contains forward-looking statements that are subject to risks and uncertainties.
SEC original ↗Aevex Corp. — 10-Q Quarterly report10-QAug 12, 2026
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
9 documentsEarnings releases
4 documentsPresentations
0 documentsNo presentations for Aevex Corp. are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Aevex Corp. are held in this edition of the library.
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