MESA AIR GROUP INC
For the period ended Sep 30, 2025. Filed Nov 21, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 21, 2025
RJET$21.26+5.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(In thousands, except share amounts) (September 30, 2025 is unaudited)
| September 30, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $38,734 | $39,980 |
| Restricted cash | 3,046 | 3,004 |
| Receivables, net ($18,277 and $1,808 from related party) | 20,353 | 5,250 |
| Expendable parts and supplies, net | 16,629 | 29,172 |
| Assets held for sale | 33,759 | 80,723 |
| Prepaid expenses and other current assets | 2,105 | 2,577 |
| Total current assets | 114,626 | 160,706 |
| Property and equipment, net | 31,499 | 203,567 |
| Lease and equipment deposits | 587 | 524 |
| Operating lease right-of-use assets | 6,801 | 6,588 |
| Deferred tax asset | 318 | — |
| Deferred heavy maintenance, net | — | 5,351 |
| Other assets | 5,102 | 6,829 |
| Total assets | $158,933 | $383,565 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Current portion of long-term debt and finance leases ($5,812 and $7,512 from related party) | $68,009 | $143,275 |
| Current portion of deferred revenue | 5,638 | 4,955 |
| Current maturities of operating leases | 1,651 | 1,430 |
| Accounts payable | 57,480 | 60,932 |
| Accrued compensation | 10,487 | 6,705 |
| Other accrued expenses | 26,690 | 35,444 |
| Total current liabilities | 169,955 | 252,741 |
| Noncurrent liabilities: | ||
| Long-term debt and finance leases, excluding current portion ($27,012 and $25,505 from related party) | 27,012 | 83,786 |
| Noncurrent operating lease liabilities | 6,427 | 6,484 |
| Deferred credits from related party | — | 2,036 |
| Deferred income taxes | — | 2,937 |
| Deferred revenue, net of current portion | 6,318 | 10,329 |
| Other noncurrent liabilities | 1,859 | 26,675 |
| Total noncurrent liabilities | 41,616 | 132,247 |
| Total liabilities | 211,571 | 384,988 |
| Commitments and contingencies (Note 14) | ||
| Stockholders' equity: | ||
| Common stock of no par value and additional paid-in capital, 125,000,000 shares authorized; 41,879,859 (2025) and 41,331,719 (2024) shares issued and outstanding, 4,899,497 (2025) and 4,899,497 (2024) warrants issued and outstanding | 273,340 | 272,655 |
| Accumulated deficit | (325,978) | (274,078) |
| Total stockholders' equity | (52,638) | (1,423) |
| Total liabilities and stockholders' equity | $158,933 | $383,565 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.