Every 10-Q that Willis Lease Finance Corp (WLFC) has filed with the SEC in the last 24 months is listed below, 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 WLFC 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 WLFC filings page.
Willis Lease Finance Corporation reported first-half 2026 results showing higher activity and a reshaped capital structure. Total revenue was $ 388,363 (in thousands), up from $ 353,234, driven by stronger lease rent, gains on sale of leased equipment, and growing management and advisory fees.
Net income attributable to WLFC was $ 55,251 (in thousands) and diluted earnings per share were $ 2.39 for the six months ended June 30, 2026. Total assets were $ 3,653,176 (in thousands), with debt obligations of $ 2,320,904 (in thousands) and WLFC shareholders’ equity of $ 708,596 (in thousands).
The company issued $ 200.0 million of 2.50% Convertible Senior Notes due 2031 and expanded its revolving credit facility to $ 1.75 billion, now maturing in April 2031. It continued to grow fee-based joint ventures and investment funds that purchased engines, notes and leases from WLFC. After quarter-end, WLFC agreed to acquire WNG II Aircraft Leasing (Cayman) Ltd. and an affiliated manager for a base purchase price of approximately $ 379.3 million, completed a three-for-one stock split, and the Board declared a $ 0.133 quarterly dividend.
Willis Lease Finance Corporation reported strong first‑quarter 2026 growth, with total revenue rising to $194.3 million from $157.7 million a year earlier. Net income increased to $25.1 million from $16.9 million, and net income attributable to common shareholders was $23.7 million, lifting diluted EPS to $3.26 from $2.21.
Growth was driven by higher lease rent revenue, larger gains on sale of leased equipment, expanding maintenance services, and sharply higher management and advisory fees, including contributions from a new Liberty Mutual investment fund partnership. Adjusted EBITDA rose to $123.8 million from $103.3 million.
The company ended March 31, 2026 with total assets of $3.51 billion, including $2.76 billion of equipment held for operating lease and $65.6 million of notes receivable, and had $2.25 billion of debt obligations outstanding. Willis Lease reduced its notes receivable and sales‑type lease exposure through asset sales to affiliated funds while expanding joint venture and fund structures to support future engine financing and leasing activity.
Willis Lease Finance Corporation reported Q3 2025 results with total revenue of $183.4 million, up from $146.2 million a year ago. Net income was $24.3 million versus $24.1 million, and diluted EPS was $3.25 compared with $3.37.
Growth was led by lease rent revenue of $76.6 million and maintenance reserve revenue of $76.1 million, plus a $16.1 million gain on sale of leased equipment. Expenses rose on higher depreciation, general and administrative costs, technical expense, and $10.2 million of equipment write‑downs. The effective tax rate climbed to 43.7%.
For the nine months, revenue reached $536.6 million and net income was $101.6 million, including a $43.0 million gain on the sale of a business. Cash from operating activities was $209.1 million. Total assets were $3.42 billion, debt obligations were $2.24 billion, and shareholders’ equity was $650.2 million. The company issued $596.0 million of WEST VIII notes in June and amended its warehouse facility in July to extend availability and reduce fees. Shares outstanding were 6,814,154 as of October 31, 2025.
WLFC Q2-25 snapshot
- Revenue rose 29% YoY to $195.5 million, led by a 29% jump in lease-rent revenue and a 391% surge in spare-parts sales; maintenance-reserve revenue fell 19%.
- GAAP net income climbed 42% to $60.4 million ($8.43 diluted EPS) but included a one-off $42.9 million gain from selling Bridgend Asset Management. Core operating income declined 48% to $28.3 million as G&A, stock-comp and write-downs (+$11.5 million) weighed on margins.
- Six-month revenue reached $353.2 million (+31%) with net income up 22% to $77.2 million.
- Operating cash flow YTD improved 12% to $145.2 million; cash & restricted cash expanded to $782.5 million following the $596 million WEST VIII ABS (Series A 5.58%, Series B 6.07%).
- Balance sheet: assets $3.95 billion (+20% YTD); debt $2.80 billion (+24%); equity $617.9 million (+13%); debt-to-assets ≈71%.
- Portfolio comprises 348 engines, 15 aircraft and one marine vessel with a net book value of $2.61 billion.
- Company booked $6.3 million of SAF-related government grants and holds $1.0 billion in forward purchase commitments.
Headline earnings benefited from a non-recurring divestiture amid rising leverage and operating costs. Sustainable margin improvement and debt service under higher rates remain key watch points.