Sunday 18 October 2026
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Flyte Aviation, Inc.
VJET Healthcare Medical Devices
Flyte Aviation, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $819,000.00, up 95.0% from fiscal 2024. In the quarter to June 2026, revenue grew 380.7%, EPS grew 87.3%, free cash flow fell 26.7% and total debt rose 160.0%, each against the same quarter a year earlier. Operating cash flow growth for five consecutive years.
0.84
0.14
−14.29%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | 16,981,250.00 | 1,662,500.00 | 403,750.00 | 140,600.00 | 3,857.00 | 646.00 | 58.90 | 14.90 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | 52,250,000.00 | 24,201,250.00 | 6,388,750.00 | 932,900.00 | 160,550.00 | 13,775.00 | 1,596.00 | 157.70 | |||||
| People | |||||||||||||||
| People | Employees | — | 75 | 118 | 79 | 85 | 58 | 14 | 14 | 22 | 17 | ||||
| Revenue/emp, $m | 0.00 | 0.08 | 0.05 | 0.09 | 0.00 | 0.00 | 0.00 | 0.03 | 0.02 | 0.05 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 6 | 6 | 6 | 7 | 0 | 0 | 0 | 0 | 0 | 1 | ||||
| Gross margin, % | 47.49 | 29.05 | 32.78 | (22.93) | (738.61) | (6,990.91) | (1,050.00) | 93.21 | 90.00 | 92.31 | |||||
| EBT | (4) | (18) | (31) | (57) | (35) | (27) | (27) | (71) | (14) | (20) | |||||
| EBT margin, % | (70.30) | (302.62) | (492.60) | (790.97) | (13,634.36) | (123,895.45) | (191,871.43) | (15,966.52) | (3,214.76) | (2,381.56) | |||||
| Net income | (4) | (18) | (31) | (57) | (36) | (25) | (27) | (71) | (17) | (18) | |||||
| Depreciation | 0 | 0 | 1 | 2 | 2 | 2 | 0 | 2 | 2 | 2 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 11.77 | 0.78 | 0.68 | 71,990.00 | 1,295.00 | 44.00 | 2.59 | 15.29 | 2.44 | 0.76 | ||||
| Earnings | (8.28) | (2.35) | (3.34) | (1,028,992.00) | (201,711.00) | (47,148.29) | (4,940.32) | (2,469.58) | (127.00) | (15.90) | |||||
| Cash flow | (3.72) | (0.73) | (2.01) | (331,730.00) | (141,520.00) | (55,250.00) | (4,179.26) | (713.46) | (53.96) | (7.68) | |||||
| Capex | 0.00 | (0.07) | (0.06) | (2,680.00) | (335.00) | 658.00 | 3.89 | (2.63) | (0.39) | (0.02) | |||||
| Free cash flow | (3.72) | (0.80) | (2.07) | (334,410.00) | (141,855.00) | (54,592.00) | (4,175.37) | (716.09) | (54.35) | (7.69) | |||||
| Book value | (0.75) | (1.01) | 7.23 | 331,500.00 | 105,735.00 | 27,346.00 | 1,714.81 | 733.32 | 68.43 | 6.15 | |||||
| Shares, m | 1 | 8 | 9 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| P/S | 0.00 | 0.00 | 27,852,635.05 | 37.28 | 545.06 | 4,510.43 | 3,407.40 | 49.69 | 34.97 | 24.15 | |||||
| P/B | 0.00 | 0.00 | 2,612,606.81 | 8.10 | 6.68 | 7.59 | 6.99 | 1.04 | 1.25 | 2.97 | |||||
| EV/Sales | 0.00 | 0.00 | 27,852,624.91 | 33.11 | 459.88 | 3,953.96 | 2,678.56 | 42.43 | 32.48 | 28.12 | |||||
| EV/FCF | (31,363,839.83) | (31,363,839.83) | (9,129,066.21) | (7.13) | (4.20) | (3.33) | (2.26) | (0.91) | (1.46) | (2.77) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | (2) | (6) | (19) | (33) | (28) | (28) | (23) | (21) | (9) | (8) | ||||
| Capex | 0 | (1) | (1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Free cash flow | (2) | (6) | (19) | (33) | (28) | (27) | (23) | (21) | (9) | (8) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 3 | 7 | 63 | 29 | 20 | 12 | 9 | 2 | 1 | (4) | ||||
| Total debt | 0 | 0 | 1 | 1 | 2 | 2 | — | — | 2 | 3 | |||||
| Net debt | (4) | (8) | (63) | (30) | (22) | (13) | (16) | (4) | (1) | 3 | |||||
| Shareholders’ equity | 0 | (8) | 67 | 33 | 21 | 14 | 9 | 21 | 12 | 7 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | (49.11) | (207.64) | (72.29) | (96.44) | (93.00) | (92.03) | (141.84) | (300.06) | (74.53) | (78.77) | ||||
| ROIC | 0.00 | 0.00 | (601.08) | (1,152.39) | 0.00 | (3,003.49) | 0.00 | (276.97) | (67.28) | (137.06) | |||||
| ROE | 105.12 | 444.40 | (104.36) | (114.08) | (132.77) | (144.00) | (234.29) | (468.74) | (132.33) | (186.69) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Flyte Aviation, Inc. vs peers in Medical Devices (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 |
|---|---|---|---|---|---|---|---|---|---|
| ADGM Adagio Medical Holdings, Inc. | $2.8M | — (loss-making) | — | −33.50% (below 0%: shrinking) | n/m | −12.86% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| NXL Nexalin Technology, Inc. | $2.6M | — (loss-making) | — (loss-making) | −82.72% (below 0%: shrinking) | n/m | −97.23% (below 0%: shrinking) | 72.95% | (18,420.49%) | Compare |
| BIOLQ Biolase, Inc. | $2.3M | — (loss-making) | — (loss-making) | −0.65% (below 0%: shrinking) | n/m | −60.22% (below 0%: shrinking) | 40.39% | (6.41%) | Compare |
| XAIR Beyond Air, Inc. | $2.2M | — (loss-making) | — (loss-making) | +0.45% (above 0%: growing) | n/m | −9.10% (below 0%: shrinking) | 12.73% | (373.98%) | Compare |
| NUVOQ Holdco Nuvo Group D.G Ltd. | $2.1M | — (loss-making) | — | — | n/m | −1.05% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| VJET Flyte Aviation, Inc. | $2.1M | — (loss-making) | — (loss-making) | +380.66% (above 0%: growing) | n/m | −26.70% (below 0%: shrinking) | 9.62% | (388.13%) | |
| NUWE Nuwellis, Inc. | $2.0M | — (loss-making) | — (loss-making) | +14.14% (above 0%: growing) | n/m | −51.55% (below 0%: shrinking) | 76.08% | (160.94%) | Compare |
| AFIB Acutus Medical, Inc. | $1.7M | — (loss-making) | — (loss-making) | +204.18% (above 0%: growing) | n/m | +76.40% (above 0%: growing) | 14.20% | (3.81%) | Compare |
| DHAI DIH Holding US, Inc. | $1.6M | — (loss-making) | — | −30.67% (below 0%: shrinking) | n/m | −167.90% (below 0%: shrinking) | 50.33% | (33.62%) | Compare |
| Median of peers | $2.2M | — | — | −0.65% | — | −32.20% | 27.29% | (20.01%) |
Flyte Aviation, Inc. (VJET) key facts
- Strength: Flyte Aviation, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $819,000.00, up 95.0% from fiscal 2024.
- Flyte Aviation, Inc. (VJET) is a Medical Devices company in the Healthcare sector, listed on NYSE American.
- As of October 16, 2026, VJET traded at $0.84, a market capitalization of $2.1 million.
- Return on equity was −186.7% and debt-to-equity 0.19.
- Its Piotroski F-score is 3 out of 9 and its Altman Z-score is −30.65 (distress zone) for fiscal 2025.