AEVEX Corp 2026年季度报告

For the transition period from toCommission File Number 001-43238___________________________________ AEVEX Corp. (Exact name of registrant as specified in its charter)___________________________________ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). YesNo As of May20, 2026, the registrant had 50,744,176 shares of Class A common stock, $0.0001 par value per share outstanding and63,297,524 shares of Class B common stock, $0.0001 par value per share outstanding. TABLE OF CONTENTS PageFORWARD-LOOKING STATEMENTSiGLOSSARYiiPART I. FINANCIAL INFORMATIONItem 1.Financial Statements (Unaudited)1AEVEX CORP.Balance Sheet (Unaudited)1Notes to Financial Statement (Unaudited)2ATHENA TECHNOLOGY SOLUTIONS HOLDINGS, LLCCondensed Consolidated Balance Sheets (Unaudited)5Condensed Consolidated Statements of Operations (Unaudited)6Condensed Consolidated Statements of Changes in Equity (Unaudited)7Condensed Consolidated Statements of Cash Flows (Unaudited)8Notes to Condensed Consolidated Financial Statements (Unaudited)9Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations20Item 3.Quantitative and Qualitative Disclosures about Market Risk35Item 4.Controls and Procedures36PART II. OTHER INFORMATIONItem 1.Legal Proceedings38Item 1A.Risk Factors38Item 2.Unregistered Sales of Equity Securities and Use of Proceeds38Item 3.Defaults Upon Senior Securities38Item 4.Mine Safety Disclosures38Item 5.Other Information38Item 6.Exhibits39Signatures40 FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q of AEVEX Corp. contains forward-looking statements that are subject to risks and uncertainties.All statements other than statements of historical fact included in this Quarterly Report on Form 10-Q are forward-looking statements.Forward-looking statements give our current expectations and projections relating to our financial condition, results of operations,plans, objectives, future performance and business. You can identify forward-looking statements by the fact that they do not relatestrictly to historical or current facts. These statements may include words such as “anticipate,” “estimate,” “expect,” “project,” “plan,”“intend,” “believe,” “may,” “will,” “should,” “can have,” “likely” and other words and terms of similar meaning in connection withany discussion of the timing or nature of future operating or financial performance or other events. For example, all statements wemake relating to our estimated and projected costs, expenditures, cash flows, growth rates and financial results, our plans andobjectives for future operations, growth or initiatives or strategies are forward-looking statements. All forward-looking statements aresubject to risks and uncertainties that may cause actual results to differ materially from those that we expected, including: •our reliance on a limited number of major customers for a substantial portion of our revenue;•the potential for reductions, delays, or changes in U.S. and foreign government budgets, spending priorities, procurementprocesses, or military transformation initiatives;•our dependence on government contracts;•increasing competitive pressures in our industry, including the risk that we are not able to expand our customer base, achievebroad market acceptance, or compete effectively against larger or better-resourced competitors;•the markets into which we sell our products and services decline or do not grow as expected;•our efforts to expand into new markets or introduce new offerings do not succeed;•our inability to manage increasing technological complexity, scale manufacturing capacity, achieve cost reductions or realizeprojected economi