10-Q

Quarterly report

✓ VerifiedPark Aerospace reported Q2 net sales of $20.8 million, up 26.9%, and net earnings of $4.5 million, up 88.6%, while planning a new composites facility in Tulsa, Oklahoma at an expected cost of approximately $65 million.

Filed Oct 13, 2026 · 20:28 ET

Summary

Net sales for the 13 weeks ended August 30, 2026 were $20.8 million, up 26.9% from $16.4 million, driven by higher military and commercial market sales partially offset by lower general aviation sales.
Net earnings rose 88.6% to $4.5 million for the quarter and 79.9% to $8.1 million for the 26 weeks, with gross profit margin reaching 34.3% for the quarter versus 31.2% a year earlier.
In July 2026 the Company entered a sublease for approximately 18 acres in Tulsa, Oklahoma to build a new composites material manufacturing and development facility with an expected cost of approximately $65 million.
The Company completed its at-the-market offering program in June 2026, selling 869,852 shares at an average price of $31.24 per share for net proceeds of $26.3 million.
Under a March 27, 2025 agreement, Park advances a total of €4,587,000 to ArianeGroup SAS and commits to purchase C2B product through December 2033 at an estimated cost of €36,000,000.
Cash and cash equivalents and marketable securities totaled $114.7 million at August 30, 2026, with a current ratio of 22.7 to 1.0.

Key facts

Net sales (13 weeks): $20,791 thousand
From the filing for Net sales (13 weeks)
“Net sales $ 20,791 $ 16,381”
Net sales change (13 weeks): 26.9%
From the filing for Net sales change (13 weeks)
“Sales for the 13 weeks and 26 weeks ended August 30, 2026 were higher by 26.9% and 23.0%, respectively”
Net earnings (13 weeks): $4,534 thousand
From the filing for Net earnings (13 weeks)
“Net earnings $ 4,534 $ 2,404”
Net earnings increase (13 weeks): 88.6%
From the filing for Net earnings increase (13 weeks)
“net earnings increased 72.2% and 88.6%, respectively, in the 13 weeks ended August 30, 2026”
Gross profit margin (13 weeks): 34.3%
From the filing for Gross profit margin (13 weeks)
“gross profit margins, measured as percentages of sales, were 34.3% and 34.6%, respectively, in the 13 weeks and 26 weeks ended August 30, 2026”
New facility cost: approximately $65 million
From the filing for New facility cost
“the Company's plans to build a new composites material manufacturing and development facility with an expected cost of approximately $65 million”
ATM offering completion: 869,852 shares at an average price of $31.24 per share
From the filing for ATM offering completion
“the Company sold 869,852 shares at an average price of $31.24 per share. Gross proceeds of $27.2 million were reduced by commissions and other expenses of $0.9 million resulting in net proceeds of $26.3 million”
ArianeGroup purchase commitment: €36,000,000 through December 2033
From the filing for ArianeGroup purchase commitment
“the Company commits to purchase C2®B product through December 2033 at an estimated cost of €36,000,000”

Why it mattersPark funds supplier ArianeGroup's rocket-grade ablative material production and commits to a long-term purchase through 2033, securing inputs for critical rocket and missile programs. The planned $65 million Tulsa facility adds composite manufacturing capacity for aerospace and spacecraft materials.

Filed: Oct 13, 2026
Accepted: 2026-10-14 00:28Z
Period: Aug 30, 2026
Accession no.: 0001437749-26-032567
Size: 4.4 MB
Index: Filing index

Summary

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