Applied Aerospace & Defense, Inc. (AADX) Income Statement
AADX 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsAADX revenue and net income
Where AADX's revenue goes
2025Each bar shows an amount and its share of revenue. AADX kept −8.1% of revenue as net income.
AADX profit margins
AADX growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +51.2% | — | — | — |
| Gross profit | +67.7% | — | — | — |
| Operating income | +73.3% | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
AADX quarterly EPS vs estimates
Applied Aerospace & Defense beat the analyst EPS estimate in 0 of the last 1 quarters. Next report: November 11, 2026 (estimate $0.14).
AADX income statement
| 2025 | 2024 | |
|---|---|---|
| Revenue | $604.3M | $399.8M |
| Cost of revenue | $439.8M | $301.7M |
| Gross profit | $164.5M | $98.1M |
| Sales, general & admin | $65.2M | $41.7M |
| Total operating expenses | $107.6M | $65.2M |
| Operating income | $57.0M | $32.9M |
| Interest expense | $103.8M | $63.7M |
| Income before taxes | −$46.9M | −$30.8M |
| Income taxes | $2.1M | $3.9M |
| Net income | −$49.0M | −$34.8M |
| EBITDA | $96.4M | $68.1M |
| EPS (diluted) | −$0.29 | −$0.20 |
| Gross margin | 27.2% | 24.5% |
| Operating margin | 9.4% | 8.2% |
| Net margin | −8.1% | −8.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $167.3M | $152.0M | $151.7M | $122.5M | $113.5M | $111.0M | $97.9M | $103.7M | $105.4M | $92.9M |
| Cost of revenue | $130.1M | $115.4M | $116.0M | $94.7M | $88.0M | $80.1M | $82.2M | $82.5M | $83.1M | $77.4M |
| Gross profit | $37.2M | $36.5M | $35.7M | $27.8M | $25.5M | $30.9M | $15.7M | $21.2M | $22.2M | $15.5M |
| Sales, general & admin | $123.3M | $82.8M | — | — | $11.6M | $12.4M | — | — | — | — |
| Total operating expenses | $133.4M | $93.6M | $18.4M | $12.1M | $11.6M | $18.9M | $15.4M | $7.2M | $10.1M | $9.0M |
| Operating income | −$96.2M | −$57.0M | $17.3M | $15.7M | $13.9M | $12.0M | $293,000 | $14.0M | $12.1M | $6.5M |
| Interest expense | $26.2M | $22.9M | $21.9M | $17.3M | $16.9M | $16.7M | $18.8M | $15.1M | $15.2M | $14.6M |
| Income before taxes | −$122.5M | −$80.0M | −$4.6M | −$1.6M | −$3.0M | −$4.7M | −$18.5M | −$1.1M | −$3.2M | −$8.1M |
| Income taxes | $31.5M | −$1.2M | $3.2M | −$4.4M | $1.7M | $2.6M | $2.3M | $46,000 | $409,000 | $1.2M |
| Net income | −$154.0M | −$78.8M | −$7.8M | $2.7M | −$4.7M | −$7.3M | −$20.8M | −$1.1M | −$3.6M | −$9.3M |
| EBITDA | −$81.1M | −$44.9M | $23.8M | $22.2M | $20.4M | $21.7M | $6.5M | $19.7M | $17.8M | $12.2M |
| EPS (diluted) | −$0.25 | −$0.09 | — | — | — | — | — | — | — | — |
| Gross margin | 22.2% | 24.0% | 23.5% | 22.7% | 22.5% | 27.8% | 16.0% | 20.5% | 21.1% | 16.7% |
| Operating margin | −57.5% | −37.5% | 11.4% | 12.8% | 12.3% | 10.8% | 0.3% | 13.5% | 11.5% | 7.0% |
| Net margin | −92.0% | −51.8% | −5.1% | 2.2% | −4.1% | −6.6% | −21.2% | −1.1% | −3.4% | −10.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in AADX's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
AADX financial results
In fiscal year 2025 (ended December 31, 2025), Applied Aerospace & Defense reported revenue of $604.3 million, up 51.2% from the year before. It had a net loss of $49.0 million, a net profit margin of −8.1%. Diluted earnings per share came to −$0.29.
See the AADX stock overview for the latest quote and news, or the AADX chart for price history and technical indicators.
AADX income statement FAQ
What is Applied Aerospace & Defense's annual revenue?
Applied Aerospace & Defense reported total revenue of $604.3 million for fiscal year 2025, which ended on December 31, 2025. That was up 51.2% from $399.8 million the previous year.
Is Applied Aerospace & Defense profitable?
No. Applied Aerospace & Defense reported a net loss of $49.0 million in fiscal 2025, a net profit margin of −8.1%; its operating margin was 9.4%.
What is Applied Aerospace & Defense's gross margin?
Applied Aerospace & Defense's gross margin was 27.2% in fiscal 2025: for every $100 of revenue, Applied Aerospace & Defense kept $27 after the direct cost of its products and services.
What are Applied Aerospace & Defense's earnings per share?
Applied Aerospace & Defense earned $-0.29 per diluted share in fiscal 2025, compared with $-0.20 a year earlier.
When will Applied Aerospace & Defense report its next earnings?
Applied Aerospace & Defense is expected to report results for the quarter ending September 30, 2026 on November 11, 2026 before the market opens.
When does Applied Aerospace & Defense's fiscal year end?
Applied Aerospace & Defense's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.