FLYX
flyExclusive, Inc.3.3400
-0.4500-11.9%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
269.50MP/E (TTM)
-Basic EPS (TTM)
-1.02Dividend Yield
0%Recent Filings
8-K
Record revenue, positive EBITDA
flyExclusive posted record $104M full-year 2025 revenue, up 15% YoY, fueled by 56% fractional and 48% MRO growth. Fleet refresh slashed non-performers, boosting flight hours 13% with 14% fewer aircraft while lifting gross profit 14% and delivering $6.6M positive Adjusted EBITDA. Deleveraged $84M in notes payable. Efficiencies sharpen edges.
10-K
FY2025 results
flyExclusive posted FY2025 revenue of $375.9M, up 14.9% y/y, driven by 10.2% growth in jet club and charter to $325.5M alongside 66.1% fractional surge to $37.7M; Q4 momentum accelerated with fleet modernization yielding $102.8M in aircraft sale proceeds and gross margin gains despite 10.1% cost of revenue rise to $319.6M. Hours flew 12.0% to 74,636 across 82 ending aircraft, utilization climbing to 810/hour (derived). Debt fell to $108.9M year-end with $138.6M principal paydown; $29.3M cash supports operations. No annual guidance disclosed. Proposed Jet.AI merger risks distraction from Q4 pilot shortages.
8-K
Note amendment extends maturity
flyExclusive amended its $25.8M senior secured note on February 16, 2026, effective January 26, 2026, extending maturity to January 26, 2028 while hiking rates to 15% above $12.5M principal or 13% below. Quarterly $2.4M repayments start June 30, 2026; revolving advances end. Lenders added $26,542 expenses to principal, now $24.3M. Back-end fee hits $387K on payoff.
8-K
Merger amendment drops financing
flyExclusive executed Amendment No. 4 to its merger agreement with Jet.AI on February 11, 2026, scrapping the required $50 million warrant financing condition after Jet.AI confirmed sufficient net working capital to meet minimum cash needs. It now allows Jet.AI to pursue subsequent takeover proposals—conditioned on the merger closing first—without triggering breaches. Deal advances. Risks include failure to close timely.
8-K
ATM offering up to $6.9M
flyExclusive entered an ATM agreement on February 10, 2026, with Lucid Capital Markets to sell up to $6,917,931 of Class A common stock at market prices. The agent earns a 2.5% commission; no sales are guaranteed. It also shortened a prior underwriting's over-allotment option to 30 days. Flexible capital access, yet execution hinges on market conditions.
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