Applied Aerospace & Defense AADX
$9.67 +$1.11 (+12.97%)
Market closed · Nov 6, 8:10 pm ET · Last extended-hours $9.40 -2.79%
Open$9.25
Prev close$8.56
Day range$8.41 – $9.74
Volume2.44M
Market cap$1.67B
P/E (TTM)–
Dividend yield–
Fundamentals
Latest reported quarter: Q2, ended Jun 2026
Revenue$167.32M+47.4% YoY
Operating profit-$96.23M-791.8% YoY
Net profit-$153.97M-3,193.5% YoY
Diluted EPS-$1.04-3,698.4% YoY
Free cash flow-$24.56M-177.3% YoY
Operating cash flow-$10.06M
Revenue, last 4 quarters
Net profit, last 4 quarters
Diluted EPS by quarter
Free cash flow by quarter
Profitability & balance sheet
Gross margin25.3%
Operating margin-10.0%
Net margin-30.2%
Return on equity-24.9%
Return on assets-13.7%
Return on invested capital-10.9%
Current ratio2.51
Liabilities / assets44.8%
Cash & investments$18.11M
Total debt$429.72M
Net cash (debt)-$411.61M
Cash flow
| Line item | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Net cash flow from investing | -$11.65M | -$315.80M | -$27.78M | $897,000.00 | -$15.26M |
| -Change in Payables and Accrued Expense | $26.64M | -$52.79M | $11.95M | -$3.00M | $6.44M |
| -Change in Prepaid Assets | -$2.02M | $5.09M | -$6.65M | -$936,000.00 | -$327,000.00 |
| -Change in Inventory | $5.22M | $2.62M | -$6.48M | -$4.89M | -$2.07M |
| -Change in Receivables | -$21.50M | -$10.08M | -$49.15M | -$4.83M | -$9.32M |
| Change in Working Capital | $10.43M | -$57.10M | -$60.74M | -$15.60M | -$10.18M |
| Other Non-Cash Items | $7.37M | $634,000.00 | $6.47M | $690,000.00 | $691,000.00 |
| Deferred Tax | $896,000.00 | -$13.30M | -$274,000.00 | -$638,000.00 | -$637,000.00 |
| Depreciation & Depletion & Amortization | $15.13M | $12.11M | $39.42M | $9.66M | $9.72M |
| Net Income from Continuing Operations | -$153.97M | -$15.13M | -$17.02M | -$4.68M | -$7.31M |
| Net cash flow from continuing operations | -$10.06M | -$72.03M | -$28.94M | -$9.76M | -$6.91M |
| Operating Cash Flow | -$10.06M | -$72.03M | -$28.94M | -$9.76M | -$6.91M |
| -Change In Other Working Capital | $2.08M | -$1.93M | -$10.41M | -$1.94M | -$4.90M |
| Net Cash Flow from Continuing Investing Activities | -$11.65M | -$315.80M | -$27.78M | $897,000.00 | -$15.26M |
| Financing Cash Flow | $23.89M | $388.28M | $44.73M | $7.95M | $3.22M |
| Net Cash Flow from Continuing Financing Activities | $23.89M | $388.28M | $44.73M | $7.95M | $3.22M |
| Net Issuance Payments Of Debt | -$612.67M | $370.51M | $50.69M | $7.95M | $3.22M |
| Net Common Stock Issuance | $635.64M | $18.70M | – | $0.00 | $0.00 |
| Ending Cash Balance | $18.11M | $15.92M | $15.48M | $7.60M | $8.51M |
| Net Change in Cash | $2.19M | $448,000.00 | -$11.99M | -$912,000.00 | -$18.95M |
| Beginning Cash Balance | $15.92M | $15.48M | $27.47M | $8.51M | $27.47M |
| Free Cash Flow | -$24.56M | -$79.17M | -$46.37M | -$8.86M | -$11.82M |
| Net Business Purchase and Sale | $2.86M | -$308.67M | -$10.35M | $0.00 | -$10.35M |
| Net PPE Purchase and Sale | -$14.50M | -$7.14M | -$17.43M | $897,000.00 | -$4.91M |
| Net Other Financing Charges | – | -$922,000.00 | -$5.95M | – | – |
| Cash Dividends Paid | – | – | $0.00 | – | – |
Income statement
| Line item | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Basic EPS | -$1.04 | -$0.46 | -$0.29 | -$0.03 | -$0.04 |
| Diluted EPS | -$1.04 | -$0.46 | -$0.29 | -$0.03 | -$0.04 |
| Net Income to Common Stockholders | -$153.97M | -$78.80M | -$49.02M | -$4.68M | -$7.31M |
| Net Income to Parent Company | -$153.97M | -$78.80M | -$49.02M | -$4.68M | -$7.31M |
| Total Revenue as Reported | $167.32M | $151.98M | $604.34M | $113.50M | $111.02M |
| Total Operating Revenue | $167.32M | $151.98M | $604.34M | $113.50M | $111.02M |
| Cost of Revenue | $130.13M | $115.44M | $439.83M | $81.47M | $80.14M |
| Gross Profit | $37.19M | $36.54M | $164.52M | $32.03M | $30.88M |
| Operating Expense | $133.42M | $93.58M | $107.56M | $18.12M | $18.91M |
| Selling and Admin Expenses | $123.32M | $82.75M | $65.23M | $11.58M | $12.37M |
| Depreciation & Amortization & Depletion | $10.10M | $10.82M | $42.34M | $6.54M | $6.54M |
| -Depreciation & Amortization | $10.10M | $10.82M | $42.34M | $6.54M | $6.54M |
| Operating Profit | -$96.23M | -$57.04M | $56.96M | $13.91M | $11.98M |
| Net Non-Operating Interest Income (Expense) | -$26.25M | -$22.94M | -$103.84M | -$16.93M | -$16.72M |
| Non-Operating Interest Expense | $26.25M | $22.94M | $103.84M | $16.93M | $16.72M |
| Pretax Profit | -$122.48M | -$79.98M | -$46.88M | -$3.02M | -$4.74M |
| Tax | $31.49M | -$1.18M | $2.14M | $1.65M | $2.57M |
| Net Profit | -$153.97M | -$78.80M | -$49.02M | -$4.68M | -$7.31M |
| Profit from Continuing Operations | -$153.97M | -$78.80M | -$49.02M | -$4.68M | -$7.31M |
Balance sheet
| Line item | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2024 ANNUAL |
|---|---|---|---|---|
| Total Current Liabilities | $141.50M | $160.26M | $94.48M | $113.54M |
| Gains/Losses Not Affecting Retained Earnings | -$646,000.00 | -$646,000.00 | -$646,000.00 | -$418,000.00 |
| Retained Earnings | -$232.14M | -$78.17M | -$63.04M | -$46.01M |
| Additional Paid-In Capital | $1.06B | $312.60M | $223.15M | $212.28M |
| -Common Stock | $1.72M | $0.00 | $0.00 | $0.00 |
| Total Assets | $1.50B | $1.48B | $999.30M | $949.79M |
| Total Current Assets | $355.06M | $334.74M | $291.57M | $244.97M |
| Cash and Cash Equivalents & Short-Term Investments | $18.11M | $15.92M | $15.48M | $27.47M |
| -Cash and Cash Equivalents | $18.11M | $15.92M | $15.48M | $27.47M |
| Receivables | $267.26M | $245.77M | $212.20M | $161.90M |
| -Accounts Receivable | $69.59M | $67.14M | $71.39M | $51.34M |
| -Other Receivables | $197.67M | $178.63M | $140.82M | $110.57M |
| Inventory | $60.96M | $64.69M | $57.38M | $50.49M |
| Other Current Assets | $8.74M | $8.36M | $6.52M | $5.10M |
| Total Non-Current Assets | $1.15B | $1.15B | $707.73M | $704.83M |
| Net PPE | $167.04M | $158.21M | $119.78M | $116.61M |
| -Gross PPE | $222.38M | $209.83M | $168.10M | $153.79M |
| -Accumulated Depreciation | -$55.35M | -$51.62M | -$48.32M | -$37.18M |
| Goodwill and Other Intangible Assets | $934.73M | $946.91M | $542.16M | $548.90M |
| -Goodwill | $581.43M | $583.41M | $342.49M | $332.97M |
| -Other Intangible Assets | $353.30M | $363.50M | $199.67M | $215.93M |
| Payables | $82.29M | $51.65M | $37.89M | $35.44M |
| -Accounts Payable | $45.77M | $51.65M | $37.89M | $33.65M |
| Capital Stock | $1.72M | $0.00 | $0.00 | $0.00 |
| Stockholders' Equity | $827.88M | $233.79M | $159.46M | $165.85M |
| Total Equity | $827.88M | $233.79M | $159.46M | $165.85M |
| Other Non-Current Liabilities | $50.64M | $56.41M | $52.79M | $49.80M |
| Non-Current Deferred Liabilities | $55.80M | $54.91M | $35.18M | $34.48M |
| -Long Term Capital Lease Obligation | $29.22M | $29.84M | $30.41M | $31.18M |
| -Long Term Debt | $395.17M | $948.72M | $626.98M | $554.95M |
| Long Term Debt and Capital Lease Obligation | $424.40M | $978.56M | $657.38M | $586.12M |
| Total Non-Current Liabilities | $530.84M | $1.09B | $745.36M | $670.41M |
| Other Current Liabilities | $11.33M | $10.15M | $8.23M | $3.85M |
| Current Deferred Liabilities | $25.29M | $23.83M | $21.55M | $32.00M |
| -Current Capital Lease Obligation | $1.83M | $5.95M | $4.63M | $3.22M |
| Total Liabilities | $672.34M | $1.25B | $839.84M | $783.95M |
| -Current Debt | $5.32M | $56.48M | $7.07M | $20.68M |
| Short-Term Debt and Capital Lease Obligation | $7.14M | $62.43M | $11.69M | $23.89M |
| -Total Tax Payable | $36.51M | – | $0.00 | $1.79M |
| Other Non-Current Assets | $43.39M | $39.68M | $44.92M | $39.32M |
| Non-Current Deferred Assets | – | $4.38M | $869,000.00 | – |
| Current Accrued Expenses | – | – | $0.00 | $7.50M |
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