7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 
      
    		                                           
      total revenues
    		667,064,000 676,237,000 502,080,000 498,819,000 465,794,000 443,594,000 326,694,000 312,737,000 291,096,000 274,345,000 292,718,000 274,291,000 230,365,000 177,932,000 137,839,000 145,776,000 135,962,000 96,915,000 77,149,000 75,638,000 83,709,000 94,309,000 112,840,000 132,921,000 162,221,000 159,005,000 124,627,000 137,900,000 101,155,000 71,979,000 68,844,000 61,430,000 60,362,000 51,194,000 44,673,000 42,346,000 41,726,000 33,195,000 31,453,000 33,798,000 35,233,000 33,564,000 33,973,000 
      yoy
    		43.21% 52.45% 53.69% 59.50% 60.01% 61.69% 11.61% 14.02% 26.36% 54.19% 112.36% 88.16% 69.43% 83.60% 78.67% 92.73% 62.42% 2.76% -31.63% -43.10% -48.40% -40.69% -9.46% -3.61% 60.37% 120.90% 81.03% 124.48% 67.58% 40.60% 54.11% 45.07% 44.66% 54.22% 42.03% 25.29% 18.43% -1.10% -7.42%     
      qoq
    		-1.36% 34.69% 0.65% 7.09% 5.00% 35.78% 4.46% 7.43% 6.11% -6.28% 6.72% 19.07% 29.47% 29.09% -5.44% 7.22% 40.29% 25.62% 2.00% -9.64% -11.24% -16.42% -15.11% -18.06% 2.02% 27.58% -9.63% 36.33% 40.53% 4.55% 12.07% 1.77% 17.91% 14.60% 5.50% 1.49% 25.70% 5.54% -6.94% -4.07% 4.97% -1.20%  
      aerospace products revenue
    		459,206,000 420,686,000 365,063,000 342,095,000 303,469,000 245,200,000 189,057,000 194,697,000 107,085,000 68,075,000 85,113,000                                 
      mre contract revenue
    		58,663,000 69,585,000                                          
      lease income
    		55,072,000 62,439,000 68,471,000 65,973,000 65,450,000 70,754,000 53,161,000 46,795,000 45,622,000 59,541,000 55,978,000                                 
      maintenance revenue
    		52,370,000 73,104,000 49,607,000 43,915,000 59,917,000 51,187,000 45,790,000 50,216,000 63,925,000 42,065,000 35,141,000                                 
      asset sales revenue
    		38,461,000 47,915,000 18,939,000 46,183,000 34,953,000 72,433,000 38,607,000 19,974,000 72,990,000 101,486,000 108,691,000                                 
      other revenue
    		3,292,000 2,508,000  653,000 2,005,000 4,020,000 79,000 1,055,000 1,474,000 3,178,000 7,795,000                                 
      expenses
    		                                           
      cost of sales
    		362,922,000 369,258,000 248,714,000 257,727,000 219,496,000 205,857,000 142,804,000 135,223,000 116,707,000 104,532,000 145,670,000 128,246,000 95,948,000                               
      gross profit
    		304,142,000 306,979,000 253,366,000 241,092,000 246,298,000 237,737,000 183,890,000 177,514,000 174,389,000 169,813,000 147,048,000 146,045,000 134,417,000                               
      yoy
    		23.49% 29.13% 37.78% 35.82% 41.23% 40.00% 25.05% 21.55% 29.74%                                   
      qoq
    		-0.92% 21.16% 5.09% -2.11% 3.60% 29.28% 3.59% 1.79% 2.69% 15.48% 0.69% 8.65%                                
      gross margin %
    		45.59% 45.40% 50.46% 48.33% 52.88% 53.59% 56.29% 56.76% 59.91% 61.90% 50.24% 53.24% 58.35% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 
      operating expenses
    		39,092,000 34,328,000 32,438,000 34,587,000 26,858,000 29,099,000 25,317,000 28,945,000 33,887,000 24,797,000 22,534,000 24,067,000 27,393,000 84,004,000 108,916,000 63,491,000 52,793,000 31,183,000 24,997,000 28,368,000 23,128,000 24,572,000 33,444,000 43,987,000 89,368,000 92,763,000 61,918,000 70,675,000 41,667,000 27,593,000 27,579,000 26,360,000 23,688,000 21,324,000 21,013,000 17,232,000 17,028,000 17,551,000 14,358,000 18,595,000 17,879,000 17,600,000 14,719,000 
      general and administrative
    		1,829,000 2,442,000 3,116,000 3,566,000 4,045,000 2,969,000 3,683,000 3,430,000 3,015,000 3,188,000 4,067,000 2,343,000 3,354,000 5,004,000 5,691,000 5,080,000 4,422,000 3,655,000 4,252,000 4,867,000 4,241,000 4,388,000 4,663,000 5,128,000 6,284,000 4,297,000 4,732,000 4,955,000 4,012,000 4,573,000 3,586,000 3,955,000 3,439,000 3,341,000 3,835,000 3,160,000 3,205,000 3,361,000 2,588,000 2,663,000 2,568,000 1,989,000 348,000 
      acquisition and transaction expenses
    		7,066,000 4,489,000 7,292,000 8,757,000 9,341,000 8,019,000 6,179,000 4,999,000 4,261,000 2,672,000 3,262,000 4,867,000 2,848,000 9,626,000 6,024,000 8,769,000 7,130,000 4,399,000 1,643,000 571,000 2,442,000 3,661,000 3,194,000 8,223,000 5,618,000 2,308,000 1,474,000 2,234,000 1,460,000 1,508,000 1,766,000 2,242,000 1,732,000 1,880,000 1,452,000 1,694,000 1,688,000 1,875,000 1,059,000 1,511,000 2,206,000 1,598,000 368,000 
      management fees and incentive allocation to affiliate
    		     3,554,000 4,895,000 4,900,000 4,577,000 5,563,000 2,997,000 3,558,000 4,000 3,062,000 4,164,000 4,374,000 3,845,000 4,113,000 3,990,000 4,406,000 4,591,000 4,756,000 4,766,000 19,133,000 7,378,000 5,710,000 3,838,000 3,646,000 3,846,000 4,495,000 3,739,000 4,203,000 3,771,000 3,865,000 3,893,000 4,017,000 4,146,000 4,231,000 4,348,000 4,513,000 4,606,000 3,485,000  
      internalization fee to affiliate
    		     300,000,000                                      
      depreciation and amortization
    		55,278,000 55,236,000 59,562,000 54,678,000 56,775,000 56,691,000 49,920,000 46,478,000 43,959,000 38,514,000 40,926,000 37,456,000 34,853,000 56,622,000 58,301,000 56,482,000 53,368,000 47,371,000 44,535,000 45,857,000 42,626,000 41,720,000 42,197,000 43,146,000 43,744,000 42,600,000 39,533,000 39,501,000 34,422,000 32,844,000 29,587,000 25,728,000 24,784,000 20,221,000 17,377,000 16,916,000 15,376,000 14,701,000 13,217,000 12,433,000 11,548,000 10,765,000 10,562,000 
      asset impairment
    		      962,000 901,000   1,220,000 9,048,000 4,495,000 886,000 122,790,000 7,415,000 859,000 89,000 2,100,000 19,587,000 3,915,000 10,476,000                -7,450,000      
      total expenses
    		466,187,000 465,753,000 351,122,000 340,610,000 316,515,000 661,385,000 281,467,000 268,539,000 246,591,000 217,765,000 259,968,000 246,582,000 209,066,000 213,577,000 356,484,000 191,653,000 176,917,000 128,314,000 114,507,000 130,303,000 107,847,000 111,367,000 111,125,000 142,939,000 177,880,000 173,150,000 132,798,000 138,995,000 100,549,000 83,870,000 78,128,000 80,023,000 66,328,000 58,315,000 52,264,000 46,137,000 46,859,000 46,839,000 40,873,000 44,786,000 43,475,000 40,194,000 33,226,000 
      other income
    		3,570,000 27,156,000 43,941,000 14,319,000 2,909,000 -498,000 634,000 6,713,000 461,000 408,000 8,000 -1,000 -1,038,000 -1,596,000 -459,000 -2,157,000 -8,068,000 -884,000 181,000 38,000  -1,000 33,000 -20,000 1,131,000 4,938,000 -2,604,000 1,867,000 737,000 1,157,000 180,000 893,000 2,148,000 20,000 12,000 19,000 485,000 58,000 40,000 20,000 15,000 -3,000 -6,000 
      interest expense
    		-60,784,000 -63,965,000 -62,040,000 -60,881,000 -57,937,000 55,196,000 47,707,000 43,663,000 40,185,000 38,499,000 39,292,000 36,997,000 40,171,000 54,373,000 50,598,000 46,042,000 54,500,000 37,504,000 32,990,000 26,647,000 26,904,000 21,794,000 22,861,000 23,322,000 25,488,000 25,472,000 21,303,000 17,984,000 15,142,000 12,857,000 11,871,000 17,535,000 8,914,000 7,684,000 4,694,000 3,118,000 5,416,000 5,120,000 5,303,000 5,071,000 4,668,000 4,757,000 4,815,000 
      loss on extinguishment of debt
    		   -3,181,000  -13,920,000      2,000 -19,861,000     -3,254,000  -6,943,000   -4,724,000            -2,456,000    -1,579,000     
      equity in losses of unconsolidated entities
    		-4,224,000 -5,003,000 -7,614,000   -694,000 -667,000     -244,000 -358,000 -13,823,000  -2,874,000 -4,082,000 -7,152,000  406,000 -2,501,000 -3,209,000  -848,000 -974,000 -169,000    -251,000      -333,750 -1,161,000       
      gain on sale to the 2025 partnership
    		4,609,000 34,604,000                                          
      total other income
    		-56,829,000 -7,208,000 -25,713,000 -50,144,000 -55,466,000 -15,112,000 -33,000 6,776,000 507,000 28,000 -1,327,000 -2,965,000 -21,257,000 48,816,000 -7,528,000 27,006,000 1,018,000 -6,849,000 2,651,000 -4,601,000 -3,557,000 -2,420,000 -6,204,000 136,319,000 37,339,000 27,639,000 -1,172,000 242,000 668,000 5,976,000 446,000 12,414,000 5,204,000 1,776,000 -1,409,000 -1,955,000 -430,000 -6,234,000 277,000 1,681,000 -7,664,000 1,626,000 1,425,000 
      income before income taxes
    		144,048,000 203,276,000 125,245,000 -23,474,000 93,813,000 -232,903,000 45,194,000       13,171,000 -226,173,000         6,457,750 21,680,000 13,494,000 -9,343,000 -853,000 1,274,000 -5,915,000 -8,838,000 -6,179,000 -762,000 -5,345,000 -9,000,000 -5,746,000 -5,563,000 -19,878,000 -9,143,000 -9,307,000 -15,906,000 -5,004,000 2,172,000 
      benefit from income taxes
    		26,330,000 37,878,000 22,859,000 5,617,000 7,331,000  5,572,000 1,896,500 3,705,000 1,855,000 2,026,000 -2,057,000 4,189,000 3,411,000 3,486,000 -491,250 -494,000 -1,640,000 169,000   -3,750,000  18,652,000 1,004,000  453,000 -208,000 551,000 534,000 495,000 369,000 909,000 464,000 212,000 73,000 83,000 178,000  -60,000 150,000 266,000 230,000 
      net income
    		117,718,000 165,398,000 102,386,000 102,448,000 86,482,000 -219,870,000 39,622,000 118,360,000 41,307,000 54,753,000 29,397,000 26,801,000 -18,929,000 9,760,000 -229,659,000 -19,779,000 -39,443,000 -36,608,000 -34,876,000 -59,695,000 -25,209,000 -15,728,000 -3,060,000 181,111,000 20,676,000 15,793,000 -9,796,000 -645,000 723,000 -6,449,000 -9,333,000 -6,548,000 -1,671,000 -5,809,000 -9,212,000 -5,819,000 -5,646,000 -20,056,000 -9,077,000 -9,247,000 -16,056,000 -5,270,000 1,942,000 
      yoy
    		36.12% -175.23% 158.41% -13.44% 109.36% -501.57% 34.78% 341.63% -318.22% 460.99% -112.80% -235.50% -52.01% -126.66% 558.50% -66.87% 56.46% 132.76% 1039.74% -132.96% -221.92% -199.59% -68.76% -28179.22% 2759.75% -344.89% 4.96% -90.15% -143.27% 11.02% 1.31% 12.53% -70.40% -71.04% 1.49% -37.07% -64.84% 280.57% -567.40%     
      qoq
    		-28.83% 61.54% -0.06% 18.46% -139.33% -654.92% -66.52% 186.54% -24.56% 86.25% 9.69% -241.59% -293.94% -104.25% 1061.13% -49.85% 7.74% 4.97% -41.58% 136.80% 60.28% 413.99% -101.69% 775.95% 30.92% -261.22% 1418.76% -189.21% -111.21% -30.90% 42.53% 291.86% -71.23% -36.94% 58.31% 3.06% -71.85% 120.95% -1.84% -42.41% 204.67% -371.37%  
      net income margin %
    		17.65% 24.46% 20.39% 20.54% 18.57% -49.57% 12.13% 37.85% 14.19% 19.96% 10.04% 9.77% -8.22% 5.49% -166.61% -13.57% -29.01% -37.77% -45.21% -78.92% -30.12% -16.68% -2.71% 136.25% 12.75% 9.93% -7.86% -0.47% 0.71% -8.96% -13.56% -10.66% -2.77% -11.35% -20.62% -13.74% -13.53% -60.42% -28.86% -27.36% -45.57% -15.70% 5.72% 
      less: dividends on preferred shares
    		3,709,000 3,709,000 6,115,000 7,758,000 8,335,000 8,335,000 8,335,000 8,335,000 8,334,000 8,335,000 6,791,000 6,791,000 6,791,000 6,791,000 6,791,000 6,791,000 6,791,000 6,551,000 4,625,000                         
      less: loss on redemption of preferred shares
    		  6,327,000                                         
      net income attributable to shareholders
    		114,009,000 161,689,000 89,944,000 86,692,000 78,147,000 -228,205,000 31,287,000 110,025,000 32,973,000 46,418,000 22,606,000 20,010,000 -22,849,000 11,449,000 -228,984,000 -19,047,000 -38,871,000 -36,534,000 -34,540,000 -60,523,000 -25,958,000 -15,695,000 -2,863,000 183,647,000 25,671,000 20,332,000 -6,380,000 1,037,000 4,578,000 839,000 -572,000 3,010,000 2,998,000 -1,460,000 -4,414,000 -1,813,000 -1,276,000 -11,193,000 -5,782,000 -4,699,000 -11,738,000 -837,000  
      earnings per share:
    		                                           
      basic
    		1.11 1.58 0.88 -0.293 0.76 -2.26 0.31                   0.24  0.01 0.05 0.01              
      diluted
    		1.1 1.57 0.87 -0.293 0.76 -2.26 0.31                   0.24  0.01 0.05 0.01              
      weighted-average shares outstanding:
    		                                           
      basic
    		102,569,415 102,558,777 102,552,436 101,538,835 102,380,659 100,958,524 100,245,905 99,908,214 99,927,594 99,732,179 99,728,245 99,421,008 99,378,771 99,370,301 99,366,877 89,922,088 88,277,897 86,030,652 86,027,944 86,015,702 86,022,302 86,009,959 86,008,099 85,992,019 85,996,067,000 85,987,769 85,986,453 83,654,068 84,708,071 83,160,037 81,534,454 75,766,811 75,770,529  75,762,283 75,738,698 75,746,200   67,039,439 75,718,183 62,879,023  
      diluted
    		103,966,650 103,147,860 103,159,051 101,538,835 103,395,348 100,958,524 100,960,065 100,425,777 100,482,309 100,462,277 100,974,100 99,421,008 99,378,771 99,805,455 99,366,877 89,922,088 88,277,897 86,030,652 86,027,944 86,015,702 86,022,302 86,009,959 86,008,099 86,029,363 86,005,604,000 85,989,029 85,986,453 83,664,833 84,709,656 83,160,047 81,534,454 75,766,811 75,770,665  75,762,283 75,738,698 75,746,200   67,039,439 75,718,183 62,879,023  
      equity in (losses) earnings of unconsolidated entities
    		   -449,750 -438,000     -380,000 -1,335,000    -24,013,000            -384,000 -149,500 -442,000      -1,266,000         
      (benefit from) benefit from income taxes
    		     -13,033,000              429,000 -2,486,000  -98,000   -2,299,000                  
      equity in earnings (losses) of unconsolidated entities
    		       -417,250 46,000              265,000        95,000 -365,250 132,000     -259,000      
      gain on sale of assets
    		           -2,722,000  63,645,000 16,288,000 31,548,000 12,685,000 3,987,000 811,000 1,857,000 -1,114,000 768,000 -1,819,000                     
      income from continuing operations before income taxes
    		       50,974,000 45,012,000 56,608,000 31,423,000 24,744,000 42,000   -18,871,000 -39,937,000 -38,248,000 -34,707,000 -59,266,000 -27,695,000 -19,478,000 -4,489,000                     
      net income from continuing operations
    		       118,360,000 41,307,000 54,753,000 29,397,000 26,801,000 -4,147,000   -19,779,000 -39,443,000 -36,608,000 -34,876,000 -59,695,000 -25,209,000 -15,728,000 -4,391,000                     
      net income from discontinued operations, net of income taxes
    		            -14,782,000          1,331,000                     
      less: net income attributable to non-controlling interests in consolidated subsidiaries:
    		                                           
      continuing operations
    		               -26,471,998.73 -0.44 -0.42 -0.4 -3,798,000 -3,876,000 -4,112,000 -4,736,000                     
      discontinued operations
    		            -2,871,000                               
      earnings per share:
    		                                           
      basic
    		1.11 1.58 0.88 -0.293 0.76 -2.26 0.31                   0.24  0.01 0.05 0.01              
      diluted
    		                                           
      loss per share:
    		                                           
      basic
    		              -2.3                             
      diluted
    		                                           
      equipment leasing revenues
    		             112,064,000 91,691,000 98,231,000 99,174,000 81,571,000 56,607,000 61,852,000 69,799,000 79,834,000 86,449,000 110,411,000 87,259,000 79,200,000 72,452,000 67,035,000 70,890,000 59,330,000 55,784,000 48,613,000 49,616,000 40,383,000 31,388,000 29,969,000 30,054,000 22,351,000 19,575,000 22,712,000 24,360,000 22,633,000 23,038,000 
      infrastructure revenues
    		             65,868,000 46,148,000 47,545,000 36,788,000 15,344,000 20,542,000 13,786,000 13,910,000 14,475,000 26,391,000 22,510,000 74,962,000 79,805,000 52,175,000 70,865,000 30,265,000 12,649,000 13,060,000 12,817,000 10,746,000 10,811,000 13,285,000 12,377,000 11,672,000 10,844,000 11,878,000 11,086,000 10,873,000 10,931,000 10,935,000 
      interest income
    		             590,000 656,000 489,000 483,000 454,000 285,000 41,000 58,000 22,000 41,000 79,000 121,000 240,000 91,000 127,000 111,000 74,000 176,000 106,000 215,000 84,000 283,000 49,000 206,000 -128,000 9,000 117,000 159,000 116,000 187,000 
      less: net income attributable to non-controlling interests in consolidated subsidiaries
    		             -8,480,000 -7,466,000 -4,737,250 -7,363,000 -6,625,000 -4,961,000     -3,237,500 -4,995,000 -4,539,000 -3,416,000 -1,682,000 -3,855,000 -7,288,000 -8,761,000 -9,558,000 -4,669,000 -4,349,000 -4,798,000 -4,006,000 -4,370,000 -8,863,000  -4,548,000 -4,318,000 -4,433,000  
      income per share:
    		                                           
      basic
    		             0.12                              
      diluted
    		             0.11                              
      loss per share:
    		                                           
      basic
    		              -2.3                             
      diluted
    		              -2.3                             
      earnings per share:
    		                                           
      basic
    		1.11 1.58 0.88 -0.293 0.76 -2.26 0.31                   0.24  0.01 0.05 0.01              
      discontinued operations
    		            -2,871,000                               
      diluted
    		                                           
      equity in earnings of unconsolidated entities
    		                  1,374,000                    85,000 162,000 -9,584,000 1,225,000 1,241,000 
      dividends on preferred shares
    		                   3,310,750 4,625,000 4,079,000 4,539,000                     
      gain on sale of equipment
    		                       15,354,000 37,061,000 22,630,000 1,725,000 1,313,250 262,000 4,996,000 -5,000         1,382,000 1,746,000 288,000 3,000 
      earnings per common share
    		                                           
      basic
    		                       115 300                   
      diluted
    		                       115 300                   
      weighted-average common shares outstanding:
    		                                           
      basic
    		102,569,415 102,558,777 102,552,436 101,538,835 102,380,659 100,958,524 100,245,905 99,908,214 99,927,594 99,732,179 99,728,245 99,421,008 99,378,771 99,370,301 99,366,877 89,922,088 88,277,897 86,030,652 86,027,944 86,015,702 86,022,302 86,009,959 86,008,099 85,992,019 85,996,067,000 85,987,769 85,986,453 83,654,068 84,708,071 83,160,037 81,534,454 75,766,811 75,770,529  75,762,283 75,738,698 75,746,200   67,039,439 75,718,183 62,879,023  
      diluted
    		103,966,650 103,147,860 103,159,051 101,538,835 103,395,348 100,958,524 100,960,065 100,425,777 100,482,309 100,462,277 100,974,100 99,421,008 99,378,771 99,805,455 99,366,877 89,922,088 88,277,897 86,030,652 86,027,944 86,015,702 86,022,302 86,009,959 86,008,099 86,029,363 86,005,604,000 85,989,029 85,986,453 83,664,833 84,709,656 83,160,047 81,534,454 75,766,811 75,770,665  75,762,283 75,738,698 75,746,200   67,039,439 75,718,183 62,879,023  
      earnings per share
    		                                           
      basic
    		1.11 1.58 0.88 -0.293 0.76 -2.26 0.31                   0.24  0.01 0.05 0.01              
      diluted
    		1.1 1.57 0.87 -0.293 0.76 -2.26 0.31                   0.24  0.01 0.05 0.01              
      loss per share
    		                                           
      basic
    		                          -0.07                 
      diluted
    		                          -0.07                 
      loss per share
    		                                           
      basic and diluted
    		                              -0.01             
      gain on sale of equipment and finance leases
    		                               1,681,500 2,709,000 1,999,000 2,018,000 2,634,000 40,000 1,545,000 1,722,000     
      earnings/(loss) per share
    		                                           
      basic
    		                               -0.01 0.04           
      diluted
    		                               -0.01 0.04           
      equity in (losses) of unconsolidated entities
    		                                 -327,000          
      basic and diluted loss per share
    		                                 -0.02 -0.06 -0.06 -0.02       
      weighted-average shares outstanding:
    		                                           
      basic and diluted
    		                                 75,762,674          
      basic and diluted earnings per share
    		                                     -0.15 -0.08    0.1 
      weighted-average shares outstanding - basic
    		                                     75,730,165      
      weighted-average shares outstanding - diluted
    		                                     75,730,165      
      benefit for income taxes
    		                                      -66,000     
      less: net income attributable to non-controllinginterests in consolidated subsidiaries
    		                                      -3,295,000    -3,506,000 
      weighted-average shares outstanding
    		                                      75,727,369    53,502,873 
      earnings per share:
    		                                           
      basic and diluted
    		                                       -0.07 -0.16 -0.01  
      management fees to affiliate
    		                                          2,414,000 
      net income attributable to members
    		                                          5,448,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.