Filing Flows › Flyexclusive (FLYX) › Q1 2025
Flyexclusive (FLYX) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 13, 2025
Flyexclusive (FLYX) reported revenue of $88.1M for the first quarter 2025 (Q1 2025), +10% from a year earlier and -4% from the quarter before. Operating margin was -16.7%, net loss $23.0M (26.2% of revenue).
Flyexclusive, Q1 2025: revenue $88.1M (+10% year over year), operating margin -16.7%, net loss $23.0M, operating cash flow −$10.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $88.1M | -4% | +10% |
| Operating profit | −$14.7M | — | — |
| Net earnings | −$23.0M | — | — |
| Operating cash flow | −$10.5M | -124% | — |
What changed
Revenue was $88.1M in Q1 2025, up 10% year over year and down 4% from the previous quarter.
Operating costs exceeded revenue by $14.7M, an operating margin of -16.7%. Total costs fell 4% while revenue rose 10%. The quarter ended with a net loss of $23.0M, wider than the previous quarter's $16.5M loss. Minority interests bore $17.6M of it: to shareholders the quarter was a loss of $5.4M.
Operating cash flow was −$10.5M. Non-cash charges added back $6.3M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items added $5.3M. Capital expenditures of $4.1M exceeded it, leaving free cash flow of −$14.6M.
Questions
What was Flyexclusive's revenue in the first quarter 2025?
Flyexclusive (FLYX) reported revenue of $88.1M for the first quarter 2025 (Q1 2025), +10% from a year earlier and -4% from the quarter before.
Was Flyexclusive profitable in the first quarter 2025?
Operating loss was $14.7M (-16.7% of revenue) and net loss $23.0M.
Source: Flyexclusive 10-Q on SEC EDGAR.