Here are the 10-Q quarterly reports from Applied Aerospace & Defense, Inc. (AADX) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow AADX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AADX filings page.
Applied Aerospace & Defense, Inc. reported rapid top-line growth but a large GAAP loss for the six months ended June 30, 2026. Revenue rose to $301.7 million from $224.5 million, driven by all three end markets and contributions from recent acquisitions, with CBI alone adding $43.2 million of revenue and $1.9 million of net income post-close.
Growth came with sharply higher costs. Cost of goods sold increased to $230.9 million, and selling, general, and administrative expense jumped to $151.6 million, largely due to $110.8 million of share-based compensation, most tied to equity units vesting at the IPO. Intangible amortization reached $18.2 million. As a result, the company posted a six‑month net loss of $169.1 million versus $12.0 million a year earlier, and operating cash outflow was $82.1 million.
The June 2026 IPO generated $635.6 million of net proceeds, of which about $621.2 million was used to repay term loans and revolving borrowings under the 2022 Credit Agreement, reducing total debt to $405.8 million and lowering the debt‑to‑capitalization ratio to 0.33. Contract backlog increased to $1.13 billion, and remaining performance obligations totaled $947.6 million, with most expected to convert to revenue by the end of 2027.