Flyexclusive Inc. balance sheet

At the end of fiscal 2025, Flyexclusive Inc. had total assets of $440m, total liabilities of $524m and shareholders' equity of −$327m. It held $29.3m in cash against $117m of debt: net debt of $88.1m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Flyexclusive Inc.: balance sheet, annual
Fiscal year	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash and equivalents	23	12	32	29	14
Inventory	6	5	6	5	6
Total current assets	132	117	144	74	63
Total assets	494	521	538	440	439
Accounts payable	—	30	20	31	40
Deferred revenue (current)	58	84	129	136	131
Total current liabilities	139	222	295	270	278
Short-term debt	24	26	85	9	7
Long-term debt	222	167	189	109	104
Total debt	250	208	195	117	111
Total liabilities	447	486	550	524	523
Shareholders' equity	−13	46	−233	−327	−220
Non-controlling interests and other (assets − liabilities − equity)	61	−11	222	242	137
Net debt (negative = net cash)	226	196	163	88	97

US$ millions unless shown otherwise. Fiscal quarters.

Flyexclusive Inc.: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Inventory	6	6	6	6	6	5	5	6
Total current assets	133	144	67	66	69	74	67	63
Total assets	487	538	467	443	448	440	449	439
Accounts payable	26	20	24	32	33	31	38	40
Deferred revenue (current)	88	129	127	123	130	136	130	131
Total current liabilities	266	295	252	260	276	270	279	278
Short-term debt	81	85	5	8	10	9	7	7
Long-term debt	198	189	122	112	124	109	103	104
Total debt	279	274	127	120	134	117	111	111
Total liabilities	496	550	496	496	527	524	522	523
Shareholders' equity	−192	−233	−281	−261	−434	−327	−222	−220
Non-controlling interests and other (assets − liabilities − equity)	183	222	252	209	356	242	149	137
Shares outstanding	—	—	60m	60m	—	—	—	50m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Flyexclusive Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Flyexclusive Inc.