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flyExclusive FLYX Passenger — Revenue

Other product segments

Maintenance Repair And Overhaul
$2.01M+14.0%
Fractional Ownership Purchase Price
$1.89M+5.0%
Management Service
$335K-56.2%
Membership
-$116K-111%

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DALPassenger — Operating revenue
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ASTEOther Revenues — Revenue
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Other financials

Income statement

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Revenue$96.4M+9.3%
Gross profit$19.1M+68.9%
Operating income-$9.6M+34.7%
Net income-$6.5M-19.3%
EPS (diluted)-$0.17+43.3%

Balance sheet

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Cash & equivalents$18.7M+26.5%
Total debt$208.7M-8.1%
Total equity-$221.8M+21.2%
Total assets$449.3M-3.7%

Cash flow

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Operating cash flow-$617.0K+94.1%
CapEx$13.7M+234%
Free cash flow-$14.3M+1.7%

Valuation

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Market cap$60.07M+24.4%
Enterprise value$250.14M-0.4%
P/S0.2×0.0×

Profitability

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Gross margin16.7%+4.0pp
Operating margin-11%-3.5pp
Net margin-4.9%-0.8pp
FCF margin-34.1%+9.6pp

Returns & leverage

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Return on equity7.4%
Debt / equity5.8×
Current ratio0.2×0.0×

Where this comes from

Reported directly by flyExclusive in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: flyExclusive’s 10-Q, filed May 11, 2026.

Filed
May 11, 2026, 4:02 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-216705
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Services transferred at a point in time:
Flights$92,237$82,747
Aircraft Management Services335765
Services transferred over time:
Memberships(116)1,056
MRO2,0081,761
Fractional ownership purchase price1,8861,796
$96,350$88,125

Item 1. Financial Statements

FAQ

What is flyExclusive's passenger — revenue?
flyExclusive (FLYX) reported passenger — revenue of $92.24M in Q1 2026.
How has flyExclusive's passenger — revenue changed year-over-year?
flyExclusive's passenger — revenue increased by 11.5% year-over-year, from $82.75M to $92.24M.
What is the long-term trend for flyExclusive's passenger — revenue?
Over 3 years (2022 to 2025), flyExclusive's passenger — revenue has grown at a 4.1% compound annual growth rate (CAGR), from $314.04M to $353.87M.
What does passenger — revenue mean?
This metric represents the total gross revenue generated from private aviation flight services and membership programs, excluding any pass-through excise or assessed taxes collected from passengers. It serves as a primary indicator of the demand for the company's core flight operations and the effectiveness of its pricing strategy within the passenger segment. By isolating revenue from tax components, it provides a clearer view of the underlying top-line growth and market penetration of the company's aviation services.

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