Applied Aerospace & Defense IPO: revenue, losses and offering terms from its S-1
Applied Aerospace & Defense priced its IPO at $20 a share on 4 Jun 2026 and raised $650 million. Its shares trade on NYSE as AADX. Revenue was $499 million in 2025, up 25% from 2024, with a net loss of $17.0 million.
Headlines
- Revenue, 2025
- $499M
- Up 25% on the year before
- Net loss, 2025
- $17M
- Revenue, First quarter of 2026
- $134M
- Up 21% on a year earlier
- IPO price
- $20
- $650M raised
Applied Aerospace & Defense IPO terms
From the final prospectus (424B4).
- Exchange
- New York Stock Exchange
- Ticker
- AADX
- IPO price
- $20
- Shares offered
- 32,500,000
- Raised
- $650M
- Registered
- $785M, the amount the filing fee is paid on
- Underwriters
- Morgan Stanley, Jefferies and BofA Securities, with 5 more banks
- First filed
- 8 May 2026
Applied Aerospace & Defense revenue and profit
| Period | Revenue | Operating income | Net income |
|---|---|---|---|
| 2024 | $400M | - | -$35M |
| 2025 | $499M | $59M | -$17M |
| First quarter of 2025 | $111M | - | - |
| First quarter of 2026 | $134M | -$3M | -$15M |
Applied Aerospace & Defense share structure and company facts
- Employees
- 1,542
- Headquarters
- Huntsville, Alabama
Applied Aerospace & Defense shares since the IPO
Latest close 26 Oct 2026
- IPO price
- $20
- Priced 4 Jun 2026
- First close
- $18.60
- -7% on the IPO price
- Latest close
- $10.28
- -49% on the IPO price
Applied Aerospace & Defense's IPO filings
The registration statement, each amendment and the final prospectus, oldest first.
About the data
- Terms and financials are read from Applied Aerospace & Defense's newest prospectus (424B4 filed 4 Jun 2026) by a Kadoa workflow. Check figures that matter against the filing.
- Registered is the amount the filing fee is paid on, often a placeholder before the price range is set.
- Raised is the IPO price times the shares sold, without the underwriters' option. Trading compares the first and latest close with the IPO price.