Revenue: As of FY2025 Q3, the actual value is USD 667.06 M, beating the estimate of USD 657.67 M.EPS: As of FY2025 Q3, the actual value is USD 1.1, missing the estimate of USD 1.2417.EBIT: As of FY2025 Q3, the actual value is USD 261.66 M.<h3>Aviation Leasing Segment</h3><ul><li>Lease Income: $55.1 million for Q3 2025, a decrease from $57.3 million in Q3 2024. For the nine months ended September 30, 2025, lease income was $185.9 million, an increase from $168.9 million in the same period in 2024.</li><li>Maintenance Revenue: $52.4 million for Q3 2025, down from $59.9 million in Q3 2024. For the nine months ended September 30, 2025, maintenance revenue was $175.1 million, up from $156.9 million in the same period in 2024.</li><li>Asset Sales Revenue: $38.5 million for Q3 2025, up from $35.0 million in Q3 2024. For the nine months ended September 30, 2025, asset sales revenue was $105.3 million, down from $146.0 million in the same period in 2024.</li><li>Total Expenses: $98.7 million for Q3 2025, up from $85.8 million in Q3 2024. For the nine months ended September 30, 2025, total expenses were $297.9 million, slightly down from $298.0 million in the same period in 2024.</li></ul><h3>Aerospace Products Segment</h3><ul><li>Aerospace Products Revenue: $459.2 million for Q3 2025, up from $303.5 million in Q3 2024. For the nine months ended September 30, 2025, aerospace products revenue was $1,144.3 million, up from $737.7 million in the same period in 2024.</li><li>MRE Contract Revenue: $58.7 million for Q3 2025, compared to $0 in Q3 2024. For the nine months ended September 30, 2025, MRE contract revenue was $228.9 million, compared to $0 in the same period in 2024.</li><li>Total Expenses: $343.2 million for Q3 2025, up from $204.8 million in Q3 2024. For the nine months ended September 30, 2025, total expenses were $914.0 million, up from $479.2 million in the same period in 2024.</li></ul><h3>Corporate and Other</h3><ul><li>Total Revenues: $0 for Q3 2025, down from $10.1 million in Q3 2024. For the nine months ended September 30, 2025, total revenues were $4, down from $26.3 million in the same period in 2024.</li><li>Total Expenses: $24.2 million for Q3 2025, down from $25.9 million in Q3 2024. For the nine months ended September 30, 2025, total expenses were $71.2 million, down from $379.2 million in the same period in 2024.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Strategic Capital Initiative: The company launched a Strategic Capital Initiative in collaboration with third-party institutional investors, focusing on acquiring 737NG and A320ceo aircraft. This initiative allows the company to maintain an asset-light business model while partnerships acquire on-lease narrowbody aircraft at scale.</li><li>Internalization of Management: On May 28, 2024, the company internalized its management function, terminating the Management Agreement with the Former Manager and Master GP, which resulted in no longer paying management fees or incentive distributions.</li></ul><h3>Cash Flow</h3><ul><li>Net Cash Used in Operating Activities: -$131.7 million for the nine months ended September 30, 2025, compared to -$146.2 million in the same period in 2024.</li><li>Net Cash Provided by Investing Activities: $722.7 million for the nine months ended September 30, 2025, compared to -$442.7 million in the same period in 2024.</li><li>Net Cash Used in Financing Activities: -$196.2 million for the nine months ended September 30, 2025, compared to $610.0 million in the same period in 2024.</li></ul>

FTAI Aviation | 10-Q: FY2025 Q3 Revenue Beats Estimate at USD 667.06 M