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Willis Lease Finance WLFC Maintenance reserve revenue — Operating Lease, Lease Income

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Other financials

Income statement

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Revenue$194.3M+23.2%
Operating income$33.8M+41.4%
Net income$25.1M+48.7%
EPS (diluted)$3.26+47.5%

Balance sheet

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Cash & equivalents$220.6M+47.9%
Total debt$2.4B-3.6%
Total equity$694.4M+22.8%
Total assets$3.5B+7.1%

Cash flow

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Operating cash flow$56.7M+38.2%
CapEx$3.5M-52.7%
Free cash flow$53.1M+58.5%

Valuation

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Market cap$1.29B+12.5%
Enterprise value$3.48B+6.2%
P/E10.6×+1.2×
P/S1.7×-0.1×

Profitability

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Gross margin84.7%
Operating margin14.9%-8.3pp
Net margin15.9%-1.3pp
FCF margin35.4%-4.5pp

Returns & leverage

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Return on equity19.4%-1.0pp
Debt / equity3.5×-1.0×

Where this comes from

Reported directly by Willis Lease Finance in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseLeaseIncome.

The source filing: Willis Lease Finance’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:17 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001018164-26-000053
Line itemThree months ended March 31, 2026Three months ended March 31, 2025
REVENUE
Lease rent revenue$77,385$67,739
Maintenance reserve revenue55,51254,859
Spare parts and equipment sales21,68718,240
Interest revenue2,7883,934
Gain on sale of leased equipment17,9594,437
Gain on sale of financial assets438378
Maintenance services revenue9,7695,586

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Willis Lease Finance's maintenance reserve revenue — operating lease, lease income?
Willis Lease Finance (WLFC) reported maintenance reserve revenue — operating lease, lease income of $55.51M in Q1 2026.
How has Willis Lease Finance's maintenance reserve revenue — operating lease, lease income changed year-over-year?
Willis Lease Finance's maintenance reserve revenue — operating lease, lease income increased by 1.2% year-over-year, from $54.86M to $55.51M.
What is the long-term trend for Willis Lease Finance's maintenance reserve revenue — operating lease, lease income?
Over 4 years (2021 to 2025), Willis Lease Finance's maintenance reserve revenue — operating lease, lease income has grown at a 33.1% compound annual growth rate (CAGR), from $73.96M to $231.98M.
What does maintenance reserve revenue — operating lease, lease income mean?
This metric represents the revenue recognized from maintenance reserves collected from lessees under operating lease agreements for aircraft engines and equipment. These reserves are intended to cover the cost of future maintenance events, and revenue is recognized when the contractual conditions for release or forfeiture are met. It serves as a key indicator of the company's ability to manage long-term asset maintenance obligations and generate ancillary income from its leasing portfolio.

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