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MARKETS / NASDAQ / RJET
NASDAQ · AIR TRANSPORTATION, SCHEDULED · SMALL CAP

Republic Airways Holdings Inc. RJET

10 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.3B
▲ 15.5% YoY
$76.2M
▲ 18.0% YoY
$-74.9M
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 1.3B
Revenue, FY2025 · full 10-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.3 · Net income 0.1
0.50B1.00B-0.08B-0.16B2016201720182019202020212022202320242025
Compound annual growth
+36.4%
+19.8%
+22.6%
+19.1%
−37.6%
−15.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +19.8% a year over five years — but profit grew faster: 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
6 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 12.5% · Net 5.7%
5%10%15%-10%-20%-30%2016201720182019202020212022202320242025
ROE
FY2025 · ROE 6.2%
5%10%15%-20%-40%2016201720182019202020212022202320242025

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
50M100M-200M2016201720182019202020212022202320242025
Net buybacks $M Dividends $M
FY2022 · Dividends — · Net buybacks 0.5
-40M-80M2016201720182019202020212022

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
Metric 2025202420232022202120202019201820172016
Revenue $B1.31.21.10.50.50.50.70.70.60.6
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 %··········
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 · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 39 reconciliationsAUDITED

Reconciled in 11 of 19 fiscal years. 37 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityAir Transportation, Scheduled
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2015

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