AEVEX Corp. (AVEX) SEC Filings & Earnings Calls
EquiReason read 5 AEVEX Corp. SEC filings in the last 12 months. Latest: 8-K on 2026-09-08 — AEVEX Corp. completes acquisition of BlackSea Technologies for $600M enterprise value, creating a multi-domain autonomous systems provider with scaled U.S. manufacturing and deep c.
Source: SEC EDGAR filings · read by EquiReason
- Market cap
- 1.2B
- P/E TTM
- —
- Dividend yield
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- 52-week
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- Next earnings
- 11 Nov, in 18 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
8 Sep 20268-K · 2.01, 7.01AEVEX Corp. completes acquisition of BlackSea Technologies for $600M enterprise value, creating a multi-domain autonomous systems provider with scaled U.S. manufacturing and deep customer reach.acquisitionopen
Figures in the filing · each found in the filing text
| Enterprise value · 2026-09-08 | $600M | |
| Contingent consideration · 2026-09-08 | $50M | |
| USVs delivered · cumulative | 350 | |
| Operational hours · cumulative | 25,000 | |
| Production capacity · monthly | 40 |
Risks flagged
Integration risk of combining two companies with different cultures and operations.
“The press release emphasizes preserving BlackSea's mission-focused culture and operating rhythm, indicating integration challenges.”
Contingent consideration may not be earned if performance targets are missed.
“Contingent consideration of $50M is subject to revenue and gross profit targets for specific autonomous vessels.”
12 Aug 202610-QAEVEX reported strong Q2 2026 results with revenue up 99.5% YoY and gross margin expansion, driven by Tactical Systems and the EUCOM AOR Deep Strike program.earningsopen
Figures in the filing · each found in the filing text
| Total Revenue · Q2-2026 | $202M | +100% y/y |
| Products Revenue · Q2-2026 | $169M | +138% y/y |
| Services Revenue · Q2-2026 | $33M | +9% y/y |
| Gross Profit · Q2-2026 | $48M | +159% y/y |
| Gross Margin Percentage · Q2-2026 | 23.6% | |
| Net Income (Loss) Attributable to AEVEX Corp. · Q2-2026 | $2M | |
| Funded Backlog · 2026-06-30 | $260M | |
| Tactical Systems Segment Revenue · Tactical Systems · Q2-2026 | $174M | +142% y/y |
| Tactical Systems Segment Adjusted EBITDA Margin · Tactical Systems · Q2-2026 | 17.0% | |
| Global Solutions Segment Revenue · Global Solutions · Q2-2026 | $28M | -5% y/y |
Risks flagged
Customer Concentration
“As of June 30, 2026, approximately 92.7% of the total dollar value of our funded backlog related to the U.S Government.” · word for word
Backlog Decline
“The decrease of $243.3 million in funded backlog for the six months ended June 30, 2026 was primarily due to revenue recognized for the EUCOM AOR Deep Strike program” · word for word
Shift to Shorter-Cycle Orders
“We are experiencing a shift in customer ordering patterns toward shorter-cycle procurement, with customers increasingly placing orders for near-term delivery rather than multi-year programs of record.” · word for word
12 Aug 20268-K · 1.01, 3.02, 7.01AEVEX to acquire BlackSea Technologies for up to $650M ($250M cash + $350M stock + $50M earnout). BlackSea expected to generate $150M FY26 revenue. Acquisition expands multi-domain autonomous systems capabilities.acquisitionopen
Figures in the filing · each found in the filing text
| BlackSea FY26 Expected Revenue · FY2026 | $150M |
Risks flagged
Integration risk; $50M earnout contingent on performance; HSR waiting period and customary closing conditions.
“subject to the expiration of the waiting period under the Hart-Scott Rodino Antitrust Improvements Act of 1976 and the satisfaction of other customary closing conditions.” · word for word
Share dilution from stock consideration (~12.7M shares at $27.50).
“approximately $350 million in shares of Class A common stock of AEVEX priced at $27.50/share (approximately 12.7M shares).” · word for word
20 May 20268-K · 2.02AEVEX Corp. reported Q1 2026 revenue of $216.7M (up 307% YoY), net income of $21.0M vs loss of $27.3M, and Adjusted EBITDA of $36.4M vs loss of $13.4M. FY2026 guidance: revenue $600-620M, Adj. EBITDA $88-94.5M.earningsopen
Figures in the filing · each found in the filing text
| Total revenue · Q1-2026 | $217M | +307% y/y |
| Net income (loss) · Q1-2026 | $21M | -177% y/y |
| Adjusted EBITDA · Q1-2026 | $36M | -372% y/y |
| Tactical Systems segment revenue · Tactical Systems · Q1-2026 | $191M | +548% y/y |
| Global Solutions segment revenue · Global Solutions · Q1-2026 | $26M | +9% y/y |
| Tactical Systems Segment Adjusted EBITDA · Tactical Systems · Q1-2026 | $39M | -490% y/y |
| Global Solutions Segment Adjusted EBITDA · Global Solutions · Q1-2026 | $4M | -300% y/y |
| Funded backlog · 2026-03-31 | $357M | -29% y/y |
| Net income margin · Q1-2026 | 9.7% | |
| Adjusted EBITDA margin · Q1-2026 | 16.8% |
Guidance
FY2026 revenue $600.0M-$620.0M; Adjusted EBITDA $88.0M-$94.5M; depreciation & amortization ~$21.3M; interest expense ~$13.2M
Company provides FY2026 guidance with strong revenue growth and margin expansion; funded backlog provides visibility; management expresses confidence in execution.
Risks flagged
Customer concentration risk: 73.9% of funded backlog from U.S. Government; any budget disruption or policy change could impact revenue.
“Approximately 73.9% of total dollar value of funded backlog related to U.S. Government as of March 31, 2026.”
Backlog decline: Funded backlog decreased $146.5M from $503.1M to $356.6M due to revenue recognition on large program; future wins needed to sustain growth.
“Funded backlog decreased $146.5 million primarily due to revenue recognized for the EUCOM AOR Deep Strike program.”
20 May 202610-QAEVEX Corp. reported Q1 2026 results with revenue of $216.7M (up 306.9% YoY) and net income of $21.0M, compared to a net loss of $27.3M in the prior year period.earningsopen
Figures in the filing · each found in the filing text
| Total Revenue · Q1-2026 | $217M | +307% y/y |
| Gross Profit · Q1-2026 | $56M | +1745% y/y |
| Gross Margin · Q1-2026 | 26.1% | |
| Net Income (Loss) · Q1-2026 | $21M | -177% y/y |
| Adjusted EBITDA · Q1-2026 | $36M | -373% y/y |
| Funded Backlog · 2026-03-31 | $357M | -29% y/y |
| Tactical Systems Revenue · Tactical Systems · Q1-2026 | $191M | +548% y/y |
| Global Solutions Revenue · Global Solutions · Q1-2026 | $26M | +9% y/y |
| Tactical Systems Adjusted EBITDA · Tactical Systems · Q1-2026 | $39M | -490% y/y |
| Global Solutions Adjusted EBITDA · Global Solutions · Q1-2026 | $4M | -300% y/y |
Risks flagged
Customer Concentration
“Revenue from the U.S. Government and agencies of the U.S. Government, when they are direct customers of the Company, represented 88% and 68% of total revenue for the three months ended March 31, 2026 and 2025, respectively.” · word for word
Internal Control Weakness
“we identified material weaknesses in our internal control over financial reporting.” · word for word
Backlog Concentration
“approximately 73.9% of the total dollar value of our funded backlog related to the U.S Government.” · word for word
Leverage and Debt Service
“Total debt maturities (including current portion) $258,455”
AEVEX Corp. — questions
- What did AEVEX Corp. file recently?
- 5 SEC filings in the last 12 months. Latest: 8-K on 2026-09-08 — AEVEX Corp. completes acquisition of BlackSea Technologies for $600M enterprise value, creating a multi-domain autonomous systems provider with scaled U.S. manufacturing and deep customer reach.
Every figure on this page comes from AEVEX Corp.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.