Financial Statements — VTOL
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.31 | 0.34 | 0.25 | 0.25 | 0.19 | 0.20 | 0.18 | 0.14 | 0.21 | 0.21 | 0.20 | 0.27 | 0.24 | 0.24 | 0.29 | 0.30 | 0.26 |
| Accounts Receivable | -- | -- | -- | -- | -- | -- | -- | -- | 0.19 | -- | -- | -- | -- | -- | -- | -- | -- |
| Inventory | 0.14 | 0.13 | 0.14 | 0.14 | 0.12 | 0.11 | 0.10 | 0.10 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.10 | 0.10 | 0.11 |
| Total Current Assets | 0.75 | 0.79 | 0.68 | 0.67 | 0.62 | 0.59 | 0.57 | 0.52 | 0.56 | 0.54 | 0.53 | 0.58 | 0.56 | 0.58 | 0.68 | 0.67 | 0.66 |
| Property, Plant & Equipment | 1.18 | 1.15 | 1.15 | 1.16 | 1.13 | 1.05 | 0.98 | 0.95 | 0.88 | 0.90 | 0.91 | 0.95 | 0.96 | 0.97 | 1.03 | 1.03 | 1.06 |
| Intangible Assets | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.12 |
| Total Non-current Assets* | 1.63 | 1.61 | 1.59 | 1.62 | 1.56 | 1.49 | 1.41 | 1.39 | 1.33 | 1.36 | 1.37 | 1.29 | 1.30 | 1.34 | 1.46 | 1.54 | 1.59 |
| Total Assets | 2.38 | 2.41 | 2.27 | 2.29 | 2.17 | 2.09 | 1.98 | 1.92 | 1.89 | 1.90 | 1.90 | 1.86 | 1.86 | 1.91 | 2.14 | 2.21 | 2.25 |
| Accounts Payable | 0.08 | 0.08 | 0.09 | 0.11 | 0.10 | 0.09 | 0.08 | 0.09 | 0.07 | 0.08 | 0.08 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 |
| Total Current Liabilities | 0.33 | 0.37 | 0.36 | 0.37 | 0.33 | 0.32 | 0.31 | 0.30 | 0.33 | 0.29 | 0.27 | 0.29 | 0.28 | 0.29 | 0.33 | 0.35 | 0.36 |
| Long-term Debt | 0.75 | 0.75 | 0.67 | 0.71 | 0.70 | 0.63 | 0.59 | 0.54 | 0.54 | 0.55 | 0.55 | 0.53 | 0.53 | 0.54 | 0.62 | 0.64 | 0.65 |
| Total Non-current Liabilities* | 0.96 | 0.98 | 0.88 | 0.93 | 0.91 | 0.87 | 0.82 | 0.79 | 0.77 | 0.79 | 0.83 | 0.73 | 0.74 | 0.76 | 0.83 | 0.85 | 0.86 |
| Total Liabilities* | 1.29 | 1.35 | 1.23 | 1.30 | 1.24 | 1.19 | 1.13 | 1.10 | 1.09 | 1.08 | 1.10 | 1.02 | 1.02 | 1.05 | 1.16 | 1.20 | 1.22 |
| Retained Earnings | 0.47 | 0.45 | 0.42 | 0.37 | 0.34 | 0.28 | 0.25 | 0.22 | 0.23 | 0.22 | 0.22 | 0.22 | 0.22 | 0.21 | 0.27 | 0.33 | 0.35 |
| Total Stockholder Equity | 1.09 | 1.06 | 1.04 | 0.98 | 0.93 | 0.90 | 0.85 | 0.82 | 0.80 | 0.81 | 0.80 | 0.84 | 0.84 | 0.86 | 0.98 | 1.01 | 1.03 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Total Revenue | 411.76 | 388.71 | 377.26 | 386.29 | 376.43 | 350.53 | 353.53 | 365.12 | 359.75 | 337.09 | 331.95 | 325.99 | 309.89 | 296.02 | 287.46 | 295.97 | 292.60 | 282.15 | 303.84 | 304.64 |
| Selling, General & Admin | 43.23 | 44.25 | 43.44 | 43.21 | 44.38 | 43.10 | 44.37 | 42.90 | 44.93 | 43.35 | 44.14 | 46.26 | 44.62 | 46.73 | 40.97 | 38.97 | 37.48 | 23.13 | 37.93 | 39.27 |
| Operating Income | 39.58 | 34.67 | 32.08 | 50.54 | 42.64 | 33.55 | 31.80 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 9.47 | 11.27 | 10.01 | 9.87 | 10.26 | 10.23 | 10.43 | 10.62 | 12.11 | 13.20 | 13.45 |
| Pretax Income | 21.29 | 16.58 | 21.70 | 39.75 | 52.22 | 37.56 | 18.82 | 36.67 | 37.44 | 9.14 | 13.50 | 26.98 | (15.85) | (6.62) | (1.44) | 17.19 | (19.05) | (61.53) | (43.81) | (19.41) |
| Tax Provision | 0.11 | 3.51 | 3.03 | (11.84) | 20.44 | 10.18 | (12.95) | 8.39 | 9.24 | 2.51 | 21.60 | 22.64 | (14.21) | (5.09) | (1.61) | 14.48 | (4.84) | (19.09) | 13.45 | 8.58 |
| Net Income | 21.15 | 13.11 | 18.42 | 51.54 | 31.75 | 27.36 | 31.79 | 28.24 | 28.16 | 6.61 | (7.94) | 4.32 | (1.64) | (1.52) | (0.06) | 2.78 | (14.20) | (42.59) | (57.12) | (27.86) |
| Basic EPS | 0.71 | 0.45 | 0.63 | 1.79 | 1.10 | 0.95 | 1.11 | 0.99 | 0.99 | 0.23 | (0.28) | 0.15 | (0.06) | (0.05) | 0.00 | 0.10 | (0.50) | (12.37) | (1.97) | (0.95) |
| Diluted EPS | 0.70 | 0.44 | 0.61 | 1.72 | 1.07 | 0.92 | 1.07 | 0.95 | 0.96 | 0.23 | (0.28) | 0.15 | (0.06) | (0.05) | 0.00 | 0.10 | (0.50) | 0.08 | (1.97) | (0.95) |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | 41.08 | (8.25) | 76.91 | 23.06 | 99.04 | (0.60) | 51.05 | 66.02 | 33.67 | 26.68 | (9.50) | 16.71 | 18.21 | 6.62 | 45.08 | 36.75 | 36.44 | 36.78 | 25.08 | 41.86 |
| Capital Expenditures | 67.36 | 41.31 | 29.13 | 29.22 | 31.62 | 52.06 | 83.49 | 56.99 | 50.35 | 64.56 | 19.37 | 18.37 | 12.23 | 31.54 | 5.92 | 14.34 | 2.97 | 3.61 | 3.86 | 4.52 |
| Free Cash Flow* | (26.29) | (49.56) | 47.79 | (6.16) | 67.42 | (52.66) | (32.44) | 9.04 | (16.69) | (37.88) | (28.87) | (1.66) | 5.98 | (24.92) | 39.16 | 22.42 | 33.47 | 33.16 | 21.22 | 37.33 |
| Investing Cash Flow | (62.24) | (16.41) | (27.15) | (0.59) | (7.56) | (52.02) | (78.51) | (56.93) | (45.95) | (64.56) | (19.28) | (11.05) | (8.89) | (8.10) | (5.18) | (11.15) | 6.80 | (2.23) | 7.06 | 19.39 |
| Financing Cash Flow | (14.68) | 71.22 | (10.08) | (28.18) | (26.09) | (1.69) | 77.84 | 19.65 | 48.73 | (5.11) | (3.31) | (3.52) | (5.28) | 34.15 | (3.82) | (28.08) | (27.69) | (104.57) | (44.44) | (18.41) |
* Derived from reported values
Dividends Per Share
(USD)| Metric | Q2
2026 | Q1
2026 |
|---|
| Dividends Per Share | 0.13 | 0.13 |
