StandardAero Inc (SARO) financial statements: income statement, balance sheet and cash flow
StandardAero Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), StandardAero Inc reported revenue of $6.1B (+15.8% year on year) and net income of $277.4M (+2427.9% year on year).
Income statement
StandardAero Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Revenue
$6.1B
$5.2B
Cost of revenue
$5.2B
$4.5B
Selling, general and administrative expense
$247.7M
$254.1M
Amortization of intangible assets
$98.7M
$95.5M
Acquisition costs
$0
$1.4M
Operating income
$551.1M
$403.2M
Interest expense
$174.2M
$282.5M
Refinancing costs
$0
$23.7M
Loss on debt extinguishment
$0
$15.3M
Other income
$0
$0
Income before income taxes
$376.9M
$81.8M
Income tax expense
$99.4M
$70.8M
Net income (loss)
$277.4M
$11.0M
Basic
$0.84
$0.04
Diluted
$0.83
$0.04
Basic
328.4M
288.4M
Diluted
334.3M
289.8M
StandardAero Inc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenue
$1.6B
$1.6B
$1.5B
$1.5B
Cost of revenue
$1.3B
$1.4B
$1.3B
$1.3B
Selling, general and administrative expense
$75.6M
$71.9M
$60.9M
$76.0M
Amortization of intangible assets
$24.7M
$24.3M
$24.9M
$24.6M
Operating income
$168.5M
$143.1M
$137.3M
$135.6M
Interest expense
$41.3M
$38.2M
$44.6M
$43.8M
Income before income taxes
$127.2M
$104.9M
$92.8M
$91.7M
Income tax expense
$29.9M
$25.0M
$24.7M
$24.0M
Net income
$97.3M
$79.9M
$68.1M
$67.7M
Basic
$0.30
$0.24
$0.21
$0.21
Diluted
$0.29
$0.24
$0.20
$0.20
Basic
326.3M
327.3M
328.5M
328.4M
Diluted
332.3M
333.4M
334.4M
334.3M
Balance sheet
StandardAero Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Cash
$289.7M
$102.6M
Accounts receivable (less allowance for expected credit losses of $13,484 and $15,455, respectively)
$654.4M
$580.7M
Contract assets, net
$1.1B
$915.2M
Inventories
$827.7M
$847.0M
Prepaid expenses and other current assets
$42.8M
$29.7M
Income tax receivable
$10.2M
$10.0M
Total current assets
$2.9B
$2.5B
Property, plant and equipment, net
$580.0M
$568.6M
Operating lease right of use asset, net
$222.2M
$172.2M
Customer relationships, net
$920.4M
$1.0B
Other intangible assets, net
$244.9M
$291.5M
Goodwill
$1.7B
$1.7B
Other assets
$6.4M
$4.4M
Deferred income tax assets
$2.8M
$1.1M
Total assets
$6.6B
$6.2B
Accounts payable
$679.8M
$645.7M
Accrued expenses and other current liabilities
$91.5M
$99.6M
Accrued employee costs
$74.0M
$79.1M
Operating lease liabilities, current
$22.3M
$17.7M
Due to related parties
$438.0K
$1.3M
Contract liabilities
$411.3M
$400.0M
Income taxes payable, current
$13.5M
$6.7M
Long-term debt, current portion
$23.4M
$23.4M
Total current liabilities
$1.3B
$1.3B
Long-term debt
$2.2B
$2.2B
Operating lease liabilities, non-current
$212.4M
$164.2M
Deferred income tax liabilities
$157.2M
$169.8M
Income taxes payable, non-current
$5.8M
—
Other non-current liabilities
$7.3M
$24.6M
Total liabilities
$3.9B
$3.8B
Common stock ($0.01 par value, 3,500,000,000 shares authorized; 334,461,630 issued and 334,294,245 outstanding as of December 31, 2025 and 334,461,630 shares issued and outstanding as of December 31, 2024)
3.3M
3.3M
Additional paid-in capital
$4.0B
$3.9B
Accumulated deficit
($1.3B)
($1.6B)
Accumulated other comprehensive loss
($8.2M)
($11.4M)
Total stockholder's equity
$2.7B
$2.4B
Total liabilities and stockholder's equity
$6.6B
$6.2B
StandardAero Inc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash
$179.1M
$89.2M
$97.5M
$91.5M
Accounts receivable (less allowance for expected credit losses of $9,911 and $13,484, respectively)
$815.6M
$880.0M
$703.2M
$677.3M
Contract assets, net
$1.2B
$1.2B
$1.1B
$1.1B
Inventories
$772.1M
$762.6M
$956.7M
$851.6M
Prepaid expenses and other current assets
$34.8M
$60.4M
$50.3M
$56.8M
Income tax receivable
$25.2M
$25.2M
$28.0M
$21.1M
Total current assets
$3.0B
$3.1B
$3.0B
$2.8B
Property, plant and equipment, net
$589.5M
$582.9M
$579.7M
$575.6M
Operating lease right of use asset, net
$224.4M
$230.4M
$221.1M
$217.7M
Customer relationships, net
$884.2M
$899.7M
$941.7M
$962.9M
Other intangible assets, net
$403.1M
$234.0M
$256.5M
$268.3M
Goodwill
$1.7B
$1.7B
$1.7B
$1.7B
Other assets
$5.9M
$6.1M
$3.7M
$3.9M
Deferred income tax assets
$2.8M
$2.8M
$1.1M
$1.1M
Total assets
$6.9B
$6.7B
$6.6B
$6.5B
Accounts payable
$711.6M
$808.9M
$711.7M
$643.7M
Accrued expenses and other current liabilities
$263.2M
$88.9M
$92.8M
$102.2M
Accrued employee costs
$81.5M
$93.0M
$80.5M
$72.9M
Operating lease liabilities, current
$25.8M
$26.0M
$20.6M
$19.8M
Contract liabilities
$312.3M
$377.2M
$428.7M
$420.2M
Income taxes payable, current
$1.3M
$26.4M
—
$2.3M
Long-term debt, current portion
$23.3M
$23.3M
$23.5M
$23.5M
Total current liabilities
$1.4B
$1.4B
$1.4B
$1.3B
Long-term debt
$2.3B
$2.2B
$2.3B
$2.3B
Operating lease liabilities, non-current
$212.0M
$217.5M
$211.4M
$208.4M
Deferred income tax liabilities
$152.4M
$154.8M
$170.3M
$159.8M
Income taxes payable, non-current
$6.5M
$5.8M
—
—
Other non-current liabilities
$4.7M
$6.8M
$18.6M
$20.9M
Total liabilities
$4.1B
$4.0B
$4.1B
$4.0B
Common stock ($0.01 par value, 3,500,000,000 shares authorized; 334,653,783 issued and 330,910,687 outstanding as of June 30, 2026 and 334,461,630 issued and 334,294,245 outstanding as of December 31, 2025)
3.3M
3.3M
3.3M
3.3M
Additional paid-in capital
$4.0B
$4.0B
$4.0B
$4.0B
Accumulated deficit
($1.1B)
($1.2B)
($1.4B)
($1.4B)
Accumulated other comprehensive loss
($7.9M)
($8.5M)
($8.7M)
($8.1M)
Treasury stock (at cost, 2,195,745 and 176,019 shares as of March 31, 2026 and December 31, 2025)
-101.0M
-60.6M
—
—
Total stockholders' equity
$2.8B
$2.7B
$2.6B
$2.5B
Total liabilities and stockholders' equity
$6.9B
$6.7B
$6.6B
$6.5B
Cash flow statement
StandardAero Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Net income (loss)
$277.4M
$11.0M
Depreciation and amortization
$193.7M
$187.1M
Amortization of deferred finance charges and discounts
$6.5M
$11.9M
Amortization of interest cap premiums
$9.9M
$10.2M
Payment of interest rate cap premiums
($10.1M)
($10.2M)
Stock compensation expense
$13.2M
$17.4M
Loss on debt extinguishment
$0
$15.3M
Loss (gain) from disposals, net
$2.8M
$482.0K
Non-cash lease expense
$2.9M
$1.6M
Deferred income taxes
($15.8M)
($22.5M)
Foreign exchange gain (loss), net
($1.3M)
($1.4M)
Accounts receivable, net
($73.7M)
($58.3M)
Contract assets, net
($156.5M)
($92.4M)
Inventories, net
$19.3M
($138.0M)
Prepaid expenses and other current assets
($15.8M)
$5.2M
Accounts payable, accrued expenses, and other current liabilities
$41.4M
$104.4M
Contract liabilities
$11.3M
$43.2M
Due to/from related parties
($907.0K)
$1.5M
Income taxes payable and receivable
$12.4M
($9.7M)
Net cash provided by operating activities
$316.7M
$76.3M
Acquisitions, net of cash and other
$1.3M
—
Purchase of property, plant and equipment
($82.4M)
($102.9M)
Payments for purchase of intangible assets
($30.4M)
($20.3M)
Proceeds from disposal of property, plant and equipment
$5.1M
$1.8M
Net cash used in investing activities
($106.4M)
($235.4M)
Proceeds from long-term debt
$715.0M
$3.2B
Repayment of long-term debt
($738.4M)
($4.2B)
Repayments of long-term agreements
($2.1M)
($1.3M)
Net cash (used in) provided by financing activities
($25.5M)
$203.8M
Effect of exchange rate changes on cash
$2.3M
($41.0K)
Net increase (decrease) in cash
$187.1M
$44.6M
Cash at beginning of the period
$102.6M
$58.0M
Cash at end of the period
$289.7M
$102.6M
Interest
$166.8M
$291.1M
Income taxes, net of tax refunds
$102.5M
$101.7M
Portion of capital expenditures in accrued expenses and other current liabilities
$1.1M
$1.8M
StandardAero Inc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$177.2M
$79.9M
$198.8M
$130.7M
Depreciation and amortization
$93.5M
$46.5M
$145.3M
$97.2M
Amortization of deferred finance charges and discounts
$3.2M
$1.6M
$4.9M
$3.3M
Amortization of interest cap premiums
$3.4M
$1.6M
$8.3M
$5.5M
Payment of interest rate cap premiums
($3.5M)
($1.7M)
($8.3M)
($5.5M)
Stock compensation expense
$9.7M
$3.5M
$10.0M
$5.9M
Loss (gain) from disposals, net
($622.0K)
($614.0K)
$2.8M
$3.4M
Non-cash lease expense
$902.0K
$566.0K
$1.3M
$866.0K
Deferred income taxes
($4.7M)
($2.3M)
($767.0K)
($11.6M)
Foreign exchange gain (loss), net
$679.0K
$354.0K
($629.0K)
$431.0K
Accounts receivable, net
($160.1M)
($225.6M)
($122.6M)
($96.6M)
Contract assets, net
($130.8M)
($175.6M)
($210.3M)
($155.6M)
Inventories, net
$55.8M
$65.1M
($109.7M)
($4.6M)
Prepaid expenses and other current assets
$6.2M
($19.3M)
($21.1M)
($24.4M)
Accounts payable, accrued expenses, and other current liabilities
$27.8M
$143.1M
$92.4M
$25.9M
Contract liabilities
($99.1M)
($34.1M)
$28.6M
$20.2M
Due to/from related parties
($438.0K)
($438.0K)
($475.0K)
($649.0K)
Income taxes payable and receivable
($26.5M)
($2.1M)
($24.7M)
($15.5M)
Net cash used in operating activities
($47.2M)
($119.6M)
($6.3M)
($21.1M)
Acquisitions, net of cash and other
($33.3M)
—
$1.3M
$1.3M
Purchase of property, plant and equipment
($36.6M)
($15.6M)
($66.7M)
($47.3M)
Payments for purchase of intangible assets
($476.0K)
—
($30.0M)
($30.0M)
Proceeds from disposal of property, plant and equipment
$828.0K
$1.4M
$4.3M
$3.6M
Net cash used in investing activities
($69.6M)
($14.2M)
($91.1M)
($72.4M)
Proceeds from long-term debt
$235.0M
$100.0M
$545.0M
$345.0M
Repayment of long-term debt
($126.8M)
($106.0M)
($452.6M)
($261.8M)
Repurchase of common stock
($100.1M)
($60.1M)
—
—
Repayments of long-term agreements
($911.0K)
($158.0K)
($1.5M)
($1.5M)
Net cash provided by financing activities
$7.2M
($66.2M)
$90.9M
$81.7M
Effect of exchange rate changes on cash
($1.1M)
($571.0K)
$1.4M
$692.0K
Net decrease in cash
($110.7M)
($200.5M)
($5.1M)
($11.1M)
Cash at beginning of the period
$289.7M
$289.7M
$102.6M
$102.6M
Cash at end of the period
$179.1M
$89.2M
$97.5M
$91.5M
Acquisition of property, plant and equipment, liability incurred, but not paid
$2.8M
$3.4M
($1.2M)
$839.0K
Acquisition of intangible assets, liability incurred but not paid