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NASDAQ · AIR TRANSPORTATION, SCHEDULED · SMALL CAP

Republic Airways Holdings Inc. RJET

10 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.7B
▲ 13.7% YoY
$76.2M
▲ 18.0% YoY
$-74.9M

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

In brief

What this company does

As of December 31, 2025, Republic operated a fleet of 275 regional jet aircraft providing scheduled passenger service on approximately 1,300 daily flights to approximately 130 cities in the United States, Canada, Mexico, and the Caribbean. Substantially all of its service is operated under multi-year Capacity Purchase Agreements with the Partner Airlines, under which Republic provides flight capacity to those airlines while its revenues are not materially affected by variations in fares, passenger load factors, or fuel prices, the cost of which is paid directly by the Partner Airlines. Republic exclusively operates the dual class Embraer E170/175 family of aircraft. All of its service operates under the American Eagle, Delta Connection, or United Express brands. As of December 31, 2025, Republic employed approximately 8,400 employees. Republic Airways Holdings Inc. merged with and into Mesa Air Group, Inc. in November 2025.

Written from the business description in REPUBLIC AIRWAYS HOLDINGS INC.'s annual report to the U.S. Securities and Exchange Commission, filed 19 March 2026. Every sentence was checked against that document before publication.

Growth

USD 1.7B
Revenue, FY2025 · full 10-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.7 · Net income 0.1
1B2B
2016201920222025
Compound annual growth
+46.7%
+25.2%
+22.6%
+19.1%
−37.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +25.2% a year over the five years to FY2025 — but profit grew slower: net income at +22.6%, earnings per share at +19.1%.

The share count rose from 0.04B to 0.05B over the period.

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

5 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 10.0% · Net 4.5%
5%10%15%-10%-20%-30%
201620202025
ROE
FY2025 · ROE 6.2%
5%10%15%-20%-40%
201620202025
Three returns, three denominators.

Each USD of equity produced 6 cents of profit this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -74.9
100M200M-150M-300M
201620202025
Net buybacks $M Dividends $M
FY2022 · Dividends · · Net buybacks 0.5
-50M-100M
2016201720182019202020212022

Total assetsUSD 3.3B
EquityUSD 1.3B
CashUSD 134.3M
Gross debtUSD 1.0B
Net debtUSD 891.1M
Current ratio0.94×

Net debt stands at 67% of equity.

The 10-year record

10 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
RJET, 10-year financial record
Metric 2025202420232022202120202019201820172016
Revenue $B1.71.51.40.50.50.50.70.70.60.6
Operating income $B0.20.10.1−0.20.10.10.10.10.10.1
EBITDA $B0.30.30.3−0.10.10.20.20.10.20.1
Income tax $B0.00.00.0−0.10.00.00.0−0.00.00.0
Net income $B0.10.10.1−0.20.00.00.00.00.00.0
Free cash flow $B−0.1−0.0−0.0−0.00.10.10.00.0−0.0−0.4
EPS, diluted $1.871.621.38−5.060.430.781.361.321.400.62
Dividend / sh $◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend——————————
ROE %6.26.08.1−45.93.56.211.911.116.08.3
Shares out B0.050.040.040.040.040.040.030.020.01◌

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

More in this sector

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Provenance

Company facts, as filed

How we verify · 0 failures in 39 reconciliationsAUDITED

Reconciled in 10 of the 10 fiscal years we could check. 20 checks were skipped: the balance sheet is not tagged before 2017. Nine checks were skipped: EPS is not tagged before 2016.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityAir Transportation, Scheduled
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2015

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