FLYX · Flyexclusive Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $96.35M | - | $92.13M | $91.33M | $88.13M | - | $76.92M | $100.34M | $79.97M | - |
| Cost of Revenue | $77.26M | - | $79.53M | $77.61M | $76.83M | - | $63.29M | $72.75M | $74.23M | - |
| Gross Profit | $19.09M | - | $12.60M | $13.72M | $11.30M | - | $13.63M | $27.58M | $5.74M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $22.71M | - | $19.52M | $20.30M | $20.99M | - | $17.47M | $21.49M | $25.18M | - |
| Total Operating Expenses | $105.98M | - | $103.43M | $103.69M | $102.86M | - | $97.83M | $89.94M | $107.40M | - |
| D&A | $5.18M | - | $6.50M | $5.77M | $6.25M | - | $6.70M | $6.68M | $6.49M | - |
| Operating Income | ($9.63M) | - | ($11.30M) | ($12.36M) | ($14.74M) | - | ($20.91M) | ($21.84M) | ($27.43M) | - |
| Interest Expense | $5.29M | - | $5.05M | $5.67M | $4.66M | - | $5.62M | $5.31M | $4.66M | - |
| Income Tax | $3.0K | - | $0 | $0 | $0 | - | $0 | $0 | $0 | - |
| Net Income | ($6.50M) | - | ($4.27M) | ($4.76M) | ($5.45M) | - | ($6.27M) | ($5.15M) | ($5.84M) | - |
| EPS - Basic | ($0.17) | - | ($0.25) | ($0.26) | ($0.30) | - | ($0.32) | ($0.32) | ($0.35) | - |
| EPS - Diluted | ($0.17) | - | ($0.25) | ($0.26) | ($0.30) | - | ($0.32) | ($0.32) | ($0.35) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $18.65M | $29.34M | $18.70M | $15.82M | $14.75M | $31.69M | $18.65M | $9.34M | $5.35M | $11.63M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | $5.29M | $5.07M | $6.04M | $6.33M | $6.01M | $5.66M | $5.98M | $6.05M | $5.39M | $5.14M |
| Accounts Payable | $37.57M | $30.67M | $33.33M | $32.32M | $20.30M | - | $26.11M | $30.68M | $30.17M | - |
| Current Assets | $66.70M | $74.37M | $68.66M | $65.51M | $66.80M | $143.97M | $133.28M | $128.43M | $125.20M | $116.79M |
| Total Assets | $449.32M | $440.00M | $448.10M | $443.44M | $466.76M | $538.29M | $487.15M | $494.72M | $524.07M | $521.03M |
| Current Liabilities | $278.96M | $269.95M | $275.94M | $260.17M | $252.19M | $294.75M | $266.14M | $201.97M | $207.75M | $221.54M |
| Long-term Debt | $103.44M | $108.94M | $123.92M | $111.55M | $121.65M | $188.91M | $197.88M | $206.31M | $209.37M | $166.82M |
| Total Liabilities | $521.83M | $524.27M | $526.82M | $496.04M | $495.73M | $549.96M | $496.18M | $501.50M | $502.58M | $485.70M |
| Stockholders' Equity | ($221.78M) | ($326.75M) | ($434.22M) | ($261.35M) | ($281.46M) | ($234.61M) | ($192.02M) | ($149.71M) | ($149.51M) | $46.46M |
| Retained Earnings | ($448.32M) | ($440.38M) | ($434.22M) | ($286.96M) | ($301.02M) | ($244.18M) | ($201.59M) | ($149.45M) | ($149.28M) | ($80.46M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($617.0K) | - | - | - | ($10.46M) | - | - | - | ($25.96M) | - |
| Investing Cash Flow | ($14.87M) | - | - | - | $66.14M | - | - | - | ($30.07M) | - |
| Financing Cash Flow | $4.80M | - | - | - | ($72.62M) | - | - | - | $49.76M | - |
| CapEx | $13.70M | - | - | - | $4.10M | - | - | - | $38.53M | - |
| Free Cash Flow | ($14.32M) | - | - | - | ($14.56M) | - | - | - | ($64.50M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 19.8% | - | 13.7% | 15.0% | 12.8% | - | 17.7% | 27.5% | 7.2% | - |
| Operating margin | -10.0% | - | -12.3% | -13.5% | -16.7% | - | -27.2% | -21.8% | -34.3% | - |
| EBITDA margin | -4.6% | - | -5.2% | -7.2% | -9.6% | - | -18.5% | -15.1% | -26.2% | - |
| Net margin | -6.7% | - | -4.6% | -5.2% | -6.2% | - | -8.2% | -5.1% | -7.3% | - |
| Free cash flow margin | -14.9% | - | - | - | -16.5% | - | - | - | -80.6% | - |
| FCF / Net income | 2.20 | - | - | - | 2.67 | - | - | - | 11.04 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 23.6% | - | 21.2% | 22.2% | 23.8% | - | 22.7% | 21.4% | 31.5% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -1.4% | - | -1.0% | -1.1% | -1.2% | - | -1.3% | -1.0% | -1.1% | - |
| Return on equity | 2.9% | - | 1.0% | 1.8% | 1.9% | - | 3.3% | 3.4% | 3.9% | - |
| Return on invested capital | - | - | - | - | - | - | -282.0% | -30.5% | -36.2% | - |
| Liquidity | ||||||||||
| Current ratio | 0.24 | 0.28 | 0.25 | 0.25 | 0.26 | 0.49 | 0.50 | 0.64 | 0.60 | 0.53 |
| Quick ratio | 0.22 | 0.26 | 0.23 | 0.23 | 0.24 | 0.47 | 0.48 | 0.61 | 0.58 | 0.50 |
| Cash ratio | 0.07 | 0.11 | 0.07 | 0.06 | 0.06 | 0.11 | 0.07 | 0.05 | 0.03 | 0.05 |
| Leverage | ||||||||||
| Debt / Equity | -0.47 | -0.33 | -0.29 | -0.43 | -0.43 | -0.81 | -1.03 | -1.38 | -1.40 | 3.59 |
| Debt / Assets | 0.23 | 0.25 | 0.28 | 0.25 | 0.26 | 0.35 | 0.41 | 0.42 | 0.40 | 0.32 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -1.8x | - | -2.2x | -2.2x | -3.2x | - | -3.7x | -4.1x | -5.9x | - |
| Equity multiplier | -2.03 | -1.35 | -1.03 | -1.70 | -1.66 | -2.29 | -2.54 | -3.30 | -3.51 | 11.21 |
| Liabilities / Assets | 1.16 | 1.19 | 1.18 | 1.12 | 1.06 | 1.02 | 1.02 | 1.01 | 0.96 | 0.93 |
| Efficiency | ||||||||||
| Asset turnover | 0.21 | - | 0.21 | 0.21 | 0.19 | - | 0.16 | 0.20 | 0.15 | - |
| Inventory turnover | 14.60 | - | 13.17 | 12.27 | 12.79 | - | 10.59 | 12.03 | 13.78 | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | 25d | - | 28d | 30d | 29d | - | 34d | 30d | 26d | - |
| Days payable outstanding | 178d | - | 153d | 152d | 96d | - | 151d | 154d | 148d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | 1.1x | - | 1.5x | 0.6x | 0.9x | - | 0.9x | 0.8x | 0.9x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 9.3% | - | 19.8% | -9.0% | 10.2% | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 68.9% | - | -7.6% | -50.2% | 96.9% | - | - | - | - | - |
| Operating income growth (YoY) | 34.7% | - | 46.0% | 43.4% | 46.3% | - | -3643.4% | -2056.6% | -4175.5% | - |
| Net income growth (YoY) | -19.3% | - | 32.0% | 7.5% | 6.7% | - | - | -425.8% | - | - |
| EPS growth (YoY) | 43.3% | - | 21.9% | 18.8% | 14.3% | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 1.7% | - | - | - | 77.4% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 21.2% | -39.3% | -126.1% | -74.6% | -88.3% | - | -1001.2% | -730.4% | -998.5% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$375.88M totalReportable Segment$375.88M · 100.0%
Product / service
$375.88M totalPassenger$353.87M · 94.1%
Maintenance Repair And Overhaul$10.62M · 2.8%
Fractional Ownership Purchase Price$9.15M · 2.4%
Management Service$2.10M · 0.6%
Membership$132.0K · 0.0%
Peer comparison
Same SIC group: Air Transportation, Nonscheduled
Comparing FLYEXCLUSIVE INC. against the 5 most active filers in the same SIC group.