I'd like to welcome everyone to AerSale's third quarter 2025 earnings call. A reconciliation of those non-GAAP metrics to the nearest GAAP metric can be found in the earnings presentation materials made available on the investor section of the AerSale website at ir.aersale.com. We reported revenue of $71.2 million for the third quarter, compared to $82.7 million in the prior year period. Turning to profitability, we delivered solid margin performance despite the absence of whole asset sales in the quarter.
Adjusted EBITDA was $9.5 million, or 13.3% of sales, compared to $8.2 million, or 10.0% of sales, in the prior year period. By segment, and starting with asset management, revenue was $39.2 million in the third quarter, compared to $50.4 million in the prior year period. Excluding whole asset transactions, segment revenue increased nearly 40.9% year-over-year to $39.2 million, driven by strong USM volume and higher leasing activity. As we've discussed in past calls, we've made a strategic decision to balance whole asset transactions with assets deployed on lease, which is more in line with our historical operating model.
During the quarter, we remained active on feedstock acquisitions to drive our future growth. We acquired a total of $13.7 million in the quarter, which brings the year-to-date total to $84.2 million. As I noted, we had one aircraft on lease during the quarter, and we placed an additional 757 freighter on lease that will begin generating revenue in the fourth quarter. Turning to tech ops, revenue was $32.0 million, down modestly from $32.3 million in the prior year period.
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