How Did GMR Solutions (NYSE:GMRS) Net Income Rise 81.7% in Q3 2026?

Sonal Goyal

10 November 2026 06:56 PM AEDT

How Did GMR Solutions (NYSE:GMRS) Net Income Rise 81.7% in Q3 2026?

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Key Highlights

Net Revenue was $1,595.6 million in the third quarter of 2026, up 5.9% from $1,506.9 million.
Net income was $135.6 million, up 81.7% from $74.6 million.
Adjusted EBITDA was $356.6 million, up 4.2% from $342.1 million.
Liquidity was approximately $999.3 million as of September 30, 2026, including about $701.3 million of ABL Facility availability.

GMR Solutions Inc. (NYSE:GMRS) reported financial results for the three and nine months ended September 30, 2026, and updated its full-year 2026 guidance. Third-quarter net revenue was $1,595.6 million, up 5.9% from $1,506.9 million a year earlier. Net Income was $135.6 million, up 81.7% from $74.6 million, and adjusted EBITDA was $356.6 million, up 4.2%.

Net Revenue

Net revenue for the third quarter of 2026 was $1,595.6 million, compared with $1,506.9 million in the third quarter of 2025. The company said the revenue increase came despite weather-related pressure on flight activity during the quarter.

The company also reported higher fuel costs during the period. The net revenue figures are presented on a consolidated basis for the company's operations, as set out in its financial statements.

Net Income and Adjusted EBITDA

Net income was $135.6 million in the third quarter, compared with $74.6 million in the prior-year quarter, an increase of 81.7%. Adjusted EBITDA was $356.6 million, compared with $342.1 million a year earlier, an increase of 4.2%.

Adjusted EBITDA is a non-GAAP measure.

Liquidity and Guidance

Liquidity was approximately $999.3 million as of September 30, 2026. The total comprised cash and cash equivalents and about $701.3 million of available borrowing capacity under the ABL facility. The company's cash balance is reported separately in its balance sheet.

The company updated its full-year 2026 guidance in the same release. The updated guidance is presented in the company's outlook section, which sets out the expected ranges for the full year.

Final Word

GMR Solutions reported third-quarter 2026 net revenue of $1,595.6 million, up 5.9%, net income of $135.6 million, up 81.7%, and adjusted EBITDA of $356.6 million, up 4.2%. Liquidity was approximately $999.3 million, and the company updated its full-year 2026 guidance.

FAQs

Q: What was GMR Solutions' third-quarter 2026 net revenue?

A: Net revenue was $1,595.6 million, up 5.9% from $1,506.9 million a year earlier.

Q: How much did net income increase?

A: Net income was $135.6 million, up 81.7% from $74.6 million.

Q: What was adjusted EBITDA?

A: Adjusted EBITDA was $356.6 million, up 4.2% from $342.1 million.

Q: How much liquidity did the company have?

A: Liquidity was approximately $999.3 million as of September 30, 2026, including about $701.3 million of ABL facility availability.

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