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Friday 6 November 2026
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flyExclusive, Inc.
FLYX Industrials Airlines
flyExclusive, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $375.9 million, up 14.9% from fiscal 2024.
- Revenue
- +21.7%
- EPS
- +38.5%
- Free cash flow
- −62.5%
- Total debt
- −5.82%
Quarter to June 2026, against a year earlier
1.15
0.13
+12.75%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | 320 | 315 | 327 | 376 | 404 | +5.5% | 407 | 469 | — | +11.7% | |
| Gross margin, % | — | — | — | — | — | — | 20.19 | 16.23 | 11.32 | 14.97 | 18.08 | (5.2) pt | ||||||
| EBT | — | — | — | — | — | 2 | (4) | (55) | (101) | (67) | (53) | n/m | ||||||
| EBT margin, % | — | — | — | — | — | 0.00 | (1.30) | (17.36) | (31.00) | (17.85) | (13.04) | (17.8) pt | ||||||
| Net income | — | 0 | — | — | 0 | 2 | (4) | (55) | (101) | (67) | (53) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | 0.00 | 56.90 | 0.00 | 13.75 | 13.80 | 7.50 | n/m | |||||
| Earnings | — | — | — | — | — | 0.38 | 0.13 | (1.56) | (1.07) | (1.01) | (0.79) | n/m | ||||||
| Cash flow | — | — | — | — | — | (0.18) | 8.11 | 0.00 | (0.46) | 0.25 | 0.35 | n/m | ||||||
| Capex | — | — | — | — | — | 0.00 | (15.28) | 0.00 | (0.27) | 2.64 | 0.76 | n/m | ||||||
| Free cash flow | — | — | — | — | — | (0.18) | (7.17) | 0.00 | (0.73) | 2.88 | 1.12 | n/m | ||||||
| Book value | — | — | — | — | — | (2.60) | 8.43 | 0.00 | (8.82) | (11.96) | (4.01) | +46.4% | ||||||
| Shares, m | — | — | — | — | — | 6 | 6 | — | 24 | 27 | 39 | +48.3% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | 13.59 | 54.64 | 0.00 | 0.00 | 0.00 | 17.1 | |||||
| P/S | — | — | — | — | — | — | 0.00 | 0.19 | 0.23 | 0.30 | 0.13 | 0.2 | ||||||
| P/B | — | — | — | — | — | — | 1.19 | 0.84 | 0.00 | 0.00 | 0.00 | 0.5 | ||||||
| EV/Sales | — | — | — | — | — | — | 0.00 | 0.45 | 0.38 | 0.56 | 0.39 | 0.3 | ||||||
| EV/FCF | — | — | — | — | — | — | 4.08 | (4.24) | (7.19) | 2.69 | 2.59 | (1.2) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | (1) | 46 | 9 | (11) | 7 | 19 | n/m | |||||
| Capex | — | — | — | — | — | — | (86) | (42) | (6) | 72 | 41 | n/m | ||||||
| Free cash flow | — | — | — | — | — | (1) | (40) | (34) | (17) | 79 | 60 | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | 0 | (7) | (105) | (151) | (196) | (215) | n/m | |||||
| Net debt | — | — | — | — | — | 0 | 130 | 84 | 49 | 99 | 101 | n/m | ||||||
| Shareholders’ equity | — | — | — | — | — | (15) | 47 | 71 | (210) | (326) | (216) | +117.1% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | 0.00 | 1.90 | 1.68 | (9.23) | (4.83) | (5.64) | (6.71) | (5.6) pt | |||||
| ROIC | — | — | — | — | — | 0.00 | (4.34) | (15.07) | 0.00 | 0.00 | 0.00 | 0.0 pt | ||||||
| ROE | — | — | — | — | — | 0.00 | 36.92 | (79.20) | 36.73 | 10.29 | 12.58 | +10.3 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | 3 | 3 | 3 | — | — | — | — | 0.0% | |||||
| Revenue/emp, $m | — | — | — | — | 0.00 | 0.00 | 106.68 | 0.00 | 0.00 | 0.00 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026
flyExclusive, Inc. vs peers in Airlines (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| AERO Grupo Aeromexico SAB DE CV - Sponsored ADR | $2.1B | 9.3× | 71.2× | +8.67% (above 0%: growing) | −44.00% (below 0%: shrinking) | −77.90% (below 0%: shrinking) | 71.03% | 11.74% | Compare |
| ULCC Frontier Group Holdings, Inc. | $1.6B | — (loss-making) | — (loss-making) | +52.93% (above 0%: growing) | n/m | +76.50% (above 0%: growing) | 23.76% | (7.97%) | Compare |
| JBLU JetBlue Airways Corporation | $1.3B | — (loss-making) | — (loss-making) | +21.10% (above 0%: growing) | n/m | −28.53% (below 0%: shrinking) | 54.13% | (5.12%) | Compare |
| RJET Republic Airways Holdings Inc. | $928.9M | 9.3× | 1.3× | +34.34% (above 0%: growing) | +345.63% (above 0%: growing) | +244.29% (above 0%: growing) | 75.59% | 11.42% | Compare |
| AZUL Azul S.A. - Sponsored ADR | $881.8M | — (loss-making) | — | +23.24% (above 0%: growing) | n/m | −179.01% (below 0%: shrinking) | 41.18% | (3.19%) | Compare |
| VLRS Controladora Vuela Compania de Aviacion, S.A.B. de C.V. | $841.4M | — (loss-making) | — | +32.40% (above 0%: growing) | n/m | +14.15% (above 0%: growing) | 63.68% | 3.28% | Compare |
| FLYX flyExclusive, Inc. | $104.1M | — (loss-making) | — (loss-making) | +21.67% (above 0%: growing) | n/m | −62.48% (below 0%: shrinking) | 20.42% | (5.18%) | |
| SRFM Surf Air Mobility Inc. | $91.7M | — (loss-making) | — (loss-making) | +24.97% (above 0%: growing) | n/m | −5.77% (below 0%: shrinking) | 8.15% | (43.78%) | Compare |
| FLYYQ Spirit Aviation Holdings, Inc. | $13.2M | — | — | — | — | — | — | — | Compare |
| Median of peers | $905.4M | — | — | +24.97% | — | −5.77% | 54.13% | (3.19%) |