Here are the 10-Q quarterly reports from AEVEX Corp. (AVEX) 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 AVEX 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 AVEX filings page.
AEVEX Corp. reported strong growth and a shift to profitability for the six months ended June 30, 2026. Total revenue was $418.5 million, up from $154.4 million a year earlier, driven mainly by product revenue. Net income attributable to AEVEX Corp. was $23.3 million versus a prior-year loss of $39.2 million, despite a negative $2.1 million revenue impact from contract estimate changes.
Cash and cash equivalents increased to $215.2 million from $27.9 million at December 31, 2025, primarily from the IPO and a secondary offering. Operating cash flow was positive at $8.6 million compared with negative $27.9 million in the prior-year period. AEVEX refinanced its prior credit facilities with a new $100.0 million term loan and an undrawn $200.0 million revolving credit facility, reducing term debt from $259.1 million.
The company now operates with a dual-class share and “Up‑C” structure. AEVEX holds 49.5% of Holdings LLC, while ATS Investment Holdings owns 50.5% through Series B units recorded as $1.20 billion in redeemable noncontrolling interests, contributing to a stockholders’ deficit of $533.7 million. Results are heavily tied to the U.S. Government, which represented 86% of six‑month revenue.
AEVEX Corp. reports strong results for the quarter ended March 31, 2026 while preparing for its IPO and major refinancing. Operating subsidiary Athena Technology Solutions Holdings generated revenue of $216.7 million, up sharply from $53.3 million a year earlier, driven mainly by product sales. Net income was $21.0 million versus a prior-year loss of $27.3 million, helped by higher volumes and better segment profitability. Despite this, operating cash flow was a negative $10.4 million as working capital expanded to support growth. Funded backlog was $356.6 million, heavily concentrated in U.S. Government work, which also represented 88% of quarterly revenue. After quarter end, the company completed a $345.9 million IPO at $20.00 per share, converted $100.0 million of Series A preferred units into 7.2 million Class A shares, and refinanced $258.5 million of prior term debt with a new $100.0 million term loan and larger credit facilities under a long-dated Up-C structure with a Tax Receivable Agreement.