Flyexclusive Inc. income statement
In fiscal 2025, Flyexclusive Inc. reported revenue of $376m, up 14.9% on the year before, operating income of −$47.2m (a -12.6% margin) and net income of −$17.6m, or −$1.01 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|
| Revenue | 320 | 315 | 327 | 376 | 404 |
| Cost of revenue | 255 | 264 | 290 | 320 | 331 |
| Gross profit | 65 | 51 | 37 | 56 | 73 |
| Selling, general and administrative | 54 | 75 | 91 | 83 | 86 |
| Operating income | −12 | −37 | −83 | −47 | −36 |
| Interest expense | 8 | 22 | 21 | 21 | 23 |
| Income before tax | −4 | −55 | −101 | −67 | −53 |
| Income tax | 0 | 0 | 0 | 0 | 0 |
| Net income | 6 | −47 | −21 | −18 | −21 |
| Diluted EPS | — | — | −$1.07 | −$1.01 | −$0.55 |
| Diluted shares (average) | — | — | 24m | 27m | 39m |
| EBITDA | 11 | −10 | −57 | −24 | −13 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 77 | 91 | 88 | 91 | 92 | 104 | 96 | 111 |
| Cost of revenue | 68 | 75 | 77 | 78 | 80 | 86 | 77 | 88 |
| Gross profit | 9 | 16 | 11 | 14 | 13 | 19 | 19 | 23 |
| Selling, general and administrative | 20 | 25 | 21 | 20 | 20 | 22 | 23 | 22 |
| Operating income | −21 | −13 | −15 | −12 | −11 | −9 | −10 | −6 |
| Interest expense | 6 | 5 | 5 | 4 | 5 | 7 | 5 | 6 |
| Income before tax | −24 | −16 | −23 | −16 | −21 | −7 | −13 | −11 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −6 | −4 | −5 | −5 | −4 | −3 | −7 | −7 |
| Diluted EPS | −$0.32 | −$0.22 | −$0.30 | −$0.26 | −$0.25 | −$0.21 | −$0.17 | −$0.16 |
| EBITDA | −15 | −6 | −8 | −7 | −5 | −4 | −4 | −0 |
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