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Flyexclusive (FLYX) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 12, 2026 · Flyexclusive (FLYX) Q2 2026 earnings results →
Q2 2026 Revenue up 22% year over year to $111M · 10¢ of every $1 of revenue lost · operating margin -5.2%
Flyexclusive made $111M in Q2 2026 (+22% Y/Y). Operating margin -5.2%, net loss $11.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 12, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $111.1M in Q2 2026, up 22% year over year and up 15% from the previous quarter.
Operating costs exceeded revenue by $5.8M, an operating margin of -5.2%. Total costs grew 13% against revenue growth of 22%. The fastest-growing cost line was Cost of revenue (+14%). The quarter ended with a net loss of $11.5M, narrower than the previous quarter's $13.4M loss. Minority interests bore $4.1M of it: to shareholders the quarter was a loss of $7.4M.
Operating cash flow was $2.7M (up 656% year over year). Non-cash charges added back $5.5M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items added $7.1M. Capital expenditures of $5.4M exceeded it, leaving free cash flow of −$2.7M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 12, 2026 | $111M | +22% | -5.2% | −$11.5M | $2.7M |
| Q1 2026 | 10-Q | May 11, 2026 | $96.3M | +9% | -10.0% | −$13.4M | −$617K |
| Q4 2025 | 10-K | Mar 5, 2026 | $104M | +14% | -8.5% | −$6.9M | $17.0M |
| Q3 2025 | 10-Q | Nov 12, 2025 | $92.1M | +20% | -12.3% | −$21.1M | −$209K |
| Q2 2025 | 10-Q | Aug 13, 2025 | $91.3M | +16% | -13.5% | −$16.1M | $363K |
| Q1 2025 | 10-Q | May 13, 2025 | $88.1M | +10% | -16.7% | −$23.0M | −$10.5M |
| Q4 2024 | 10-K | Mar 24, 2025 | $91.4M | +20% | -13.8% | −$16.5M | $43.5M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Buys from
- AAPL · Stated in 10-K (named, share not stated) · source
- GOOGL · Stated in 10-K (named, share not stated) · source
- AMZN · Stated in 10-K (named, share not stated) · source
About Flyexclusive
flyExclusive is a premier owner/operator of jet aircraft to provide private jet passengers experiences dedicated to surpassing expectations for quality, convenience, and safety. flyExclusive’s mission is to be the world’s most vertically integrated private aviation company, offering a full range of industry services. Since 2015, flyExclusive has grown from two LGM/partner owned jets to over 100 owned and leased aircraft, 14 of which are pursuant to the Volato Agreement (as defined below), and is currently the fifth largest private jet operator in the United States (based on 2024 flight hours). We operate a selected fleet of Cessna Citation, Gulfstream, HondaJet, and Challenger aircraft to service customers flying domestically and internationally.
In its own words, from its 10-K, filed Mar 24, 2025.
Flyexclusive against its Air Transportation, Nonscheduled peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +22% against the peers' median +13%. Operating margin: -5.2% against the peers' median -43.8%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| FLYX Flyexclusive | Q2 2026 | $111M | +22% | -5.2% |
| VTOL Bristow Group | Q3 2026 | $438M | +13% | 10.9% |
| UP Wheels Up Experience | Q3 2026 | $165M | -11% | -30.5% |
| SRFM Surf Air Mobility | Q3 2026 | $36.5M | +25% | -43.8% |
| JTAI Jet.AI | Q2 2026 | $5.3M | +139% | -50.4% |
| SOAR Volato Group | Q2 2026 | $965K | -96% | -261.1% |
| CRTD Creatd | Q2 2026 | $174K | -12% | n/m |
Source: Flyexclusive 10-Q on SEC EDGAR · CIK 1843973 · Air Transportation, Nonscheduled
13F: who owns FLYX and who is buying
More on FLYX
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results