Cirrus Aircraft (2507) H2 2025 earnings summary

Executive summary

• Achieved record revenue of US$1.35 billion for the year ended December 31, 2025, up 13.1% year-over-year, driven by higher aircraft deliveries and strong demand following the G7+ launch.

• Net income increased 15.0% to US$138.9 million, with gross profit up 15.4% and gross margin expanding to 35.2%.

• Adjusted EBITDA rose 13.8% year-over-year to US$213 million, and free cash flow after investments was US$34.1 million.

• Maintained a robust backlog with orders and reservations up by 95 units year-over-year, totaling 728 units.

• All unsubsidized debt was paid off, improving the debt-to-equity ratio to 0.01.

Financial highlights

• Revenue: US$1,354.4 million (up 13.1% year-over-year).

• Gross profit: US$477.1 million (up 15.4% year-over-year); gross margin: 35.2%.

• Operating profit: US$176.0 million; operating margin: 13.0%.

• Net income: US$138.9 million (up 15.0% year-over-year); net margin: 10.3%.

• Adjusted EBITDA: US$212.9 million; adjusted EBITDA margin: 15.7%.

• Total assets: US$1,460.5 million; total liabilities: US$576.3 million.

Outlook and guidance

• Plans to continue product improvement, model upgrades, and generational changes to maintain industry leadership.

• Strategic focus on expanding the ecosystem, enhancing flight training, advancing the aircraft and services portfolio, and global market expansion.

• Capital deployment in 2026 will leverage proceeds from the global offering and operational cash flow.