Flyte Aviation, Inc. income statement
In fiscal 2025, Flyte Aviation, Inc. reported revenue of $819,000, up 95.0% on the year before, operating income of −$21.1m (a -2581.6% margin) and net income of −$17.2m. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6 | 6 | 7 | 4 | 0 | 0 | 0 | 0 | 1 | 2 |
| Cost of revenue | 4 | 4 | 9 | 5 | 2 | 0 | 0 | 0 | 0 | 1 |
| Gross profit | 2 | 2 | −2 | −2 | −2 | −0 | 0 | 0 | 1 | 1 |
| Research and development | 5 | 3 | 5 | 9 | 12 | 6 | 0 | 0 | 1 | 1 |
| Selling, general and administrative | 15 | 30 | 52 | 25 | 15 | 16 | 17 | 11 | 12 | 12 |
| Operating income | −18 | −31 | −58 | −35 | −29 | −27 | −78 | −11 | −21 | −19 |
| Interest expense | 0 | 0 | 0 | 0 | — | — | — | — | — | — |
| Income before tax | −18 | −31 | −57 | −35 | −27 | −27 | −71 | −14 | −20 | −14 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | −2 | −1 |
| Net income | −18 | −31 | −57 | −36 | −25 | −27 | −71 | −17 | −17 | −13 |
| Diluted EPS | −$97.92 | −$139.17 | −$180.47 | −$35.37 | −$24.82 | −$25.98 | — | — | — | — |
| Diluted shares (average) | — | — | 316m | 1m | 1m | 1m | — | — | 1m | — |
| EBITDA | −18 | −31 | −56 | −33 | −28 | −27 | −76 | −9 | −19 | −18 |
| 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 | 96 | 149 | 143 | 212 | 226 | 238 | 432 | 1,019 |
| Cost of revenue | 10 | 11 | 11 | 14 | 18 | 20 | 42 | 921 |
| Gross profit | 86 | 138 | 132 | 198 | 208 | 218 | 390 | 98 |
| Research and development | 63 | 91 | 103 | 155 | 276 | 328 | 149 | 142 |
| Selling, general and administrative | 2,882 | 3,098 | 3,485 | 2,881 | 2,953 | 2,756 | 2,559 | 3,911 |
| Operating income | −2,859 | −3,051 | −3,575 | −4,686 | −3,021 | −9,861 | −2,318 | −3,955 |
| Interest expense | 32 | — | — | — | — | — | — | — |
| Income before tax | −4,120 | −2,487 | −4,769 | −6,408 | −2,266 | −6,062 | −1,865 | −3,618 |
| Income tax | 0 | 3,141 | −724 | −950 | 78 | −214 | −175 | −312 |
| Net income | −4,120 | −5,628 | −4,045 | −5,109 | −2,251 | −5,778 | −1,681 | −3,295 |
| EBITDA | −2,840 | −2,520 | −3,044 | −4,668 | −3,004 | −9,334 | −1,913 | −3,934 |
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