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Investments - Schedule of Financial Information (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Jun. 30, 2025
Dec. 31, 2024
Jun. 30, 2024
Dec. 31, 2023
Consolidated Statements of Income                
Revenue $ 183,389 $ 146,223 $ 536,623 $ 416,426        
Expenses 145,364 112,519 446,430 301,426        
Net income 24,324 24,096 101,570 87,551        
Consolidated Balance Sheets                
Total assets [1] 3,421,347   3,421,347     $ 3,297,196    
Total liabilities [2] 2,707,812   2,707,812     2,684,736    
Total WMES net equity 650,204 517,761 650,204 517,761 $ 617,937 549,338 $ 492,418 $ 438,963
WMES                
Consolidated Statements of Income                
Revenue 27,878 15,342 73,144 56,491        
Expenses 21,123 14,045 54,827 42,557        
Net income 6,755 $ 1,297 18,317 $ 13,934        
Consolidated Balance Sheets                
Total assets 461,550   461,550     352,783    
Total liabilities 302,611   302,611     256,055    
Total WMES net equity 158,939   158,939     $ 96,728    
Equity Method Investment, Nonconsolidated Investee or Group of Investees                
Consolidated Balance Sheets                
Total assets 5,039   5,039          
Total liabilities 15   15          
Maximum Exposure to Loss $ 3,517   $ 3,517          
[1] Total assets at September 30, 2025 and December 31, 2024, include the following assets of variable interest entities (“VIEs”) that can only be used to settle the liabilities of the VIEs: Restricted cash $158,082 and $123,392; Equipment $1,794,606 and $1,681,197; Maintenance rights $19,874 and $12,708; Notes receivable $107,683 and $139,853; Investments in sales-type leases $16,281 and $17,752; and Other assets $11,630 and $11,973 (each respectively).
[2] Total liabilities at September 30, 2025 and December 31, 2024, include the following liabilities of VIEs for which the VIEs’ creditors do not have recourse to Willis Lease Finance Corporation: Debt obligations $1,625,094 and $1,518,391, respectively. Further, refer to Note 6 of the Condensed Consolidated Financial Statements for details of the Company’s commitments and contingencies.