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NYSE · AIR TRANSPORTATION, NONSCHEDULED

Flyexclusive Inc. FLYX

4 fiscal years on record · USD · FY2025 reported · SEC filings only
$375.9M
▲ 14.9% YoY
$-17.6M
$-24.3M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

flyExclusive, Inc. operates a fleet of Cessna Citation, HondaJet and Challenger aircraft to service customers flying domestically and internationally. Since 2015, it has grown from two LGM/partner owned jets to 82 owned and leased aircraft. Its operations are centered at its headquarters in Kinston, North Carolina, where it leases 145,000 square feet of office and hangar space at the North Carolina Global TransPark, which has an 11,500-foot runway. Its charter business includes non-contractual wholesale and retail ad hoc sales, as well as jet club, fractional and partner contracts. Since its inception in 2020, its jet club has required reservations four days in advance of the flight and is divided into five program types, with the most recent introduced in January 2025. Under its fractional ownership program, members purchase or place a deposit toward a fractional share for access to its light, mid and super-mid fleets through separate operating deposits. flyExclusive launched its Maintenance, Repair, and Overhaul operation in the third quarter of 2021, offering interior and exterior refurbishment services to third parties in addition to maintaining its own fleet. flyExclusive, Inc. was formed as a Delaware corporation as a blank check company, and on December 27, 2023 it merged with LGM Enterprises, LLC, which became its wholly owned subsidiary.

Written from the business description in flyExclusive, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 5 March 2026. Every sentence was checked against that document before publication.

Growth

USD 375.9M
Revenue, FY2025 · full 4-year series below
Revenue $M Net income $M
FY2025 · Revenue 375.9 · Net income -17.6
150M300M-20M-40M
20222025
Compound annual growth
+5.5%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−18 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -12.6% · Net -17.9%
-10%-20%-30%
202220232025
ROE

Not applicable: equity was zero or negative in this period, so return on equity has no meaning.

Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.

Return on equity has no reading this year — return on capital employed, just below, still does: -23%.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -24.3
-50M-100M
202220232025

Total assetsUSD 440.0M
EquityUSD -326.8M
CashUSD 29.3M
Gross debtUSD 117.5M
Net debtUSD 88.1M
Current ratio0.28×

Equity was zero or negative — liabilities equaled or exceeded assets. No ratio is shown.

The 4-year record

4 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
FLYX, 4-year financial record
Metric 2025202420232022
Revenue $B0.40.30.30.3
Operating income $B−0.0−0.1−0.0−0.0
EBITDA $B−0.0−0.1−0.00.0
Income tax $B0.00.00.00.0
Net income $B−0.0−0.0−0.00.0
Free cash flow $B−0.0−0.1−0.1−0.1
EPS, diluted $−1.01−1.07◌◌
Dividend / sh $◌◌◌◌
Payout % — not applicable: no dividend————
ROE % — not applicable: negative equity————

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 14 reconciliationsAUDITED

Reconciled in 4 of the 4 fiscal years we could check. 30 checks were skipped: the balance sheet is not tagged before 2022. 17 checks were skipped: the share count is not tagged before 2024. 15 checks were skipped: revenue is not tagged before 2022.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityAir Transportation, Nonscheduled
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2021

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