Filing Flows › Flyexclusive (FLYX) › Q4 2024
Flyexclusive (FLYX) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 24, 2025
Flyexclusive (FLYX) reported revenue of $91.4M for the fourth quarter 2024 (Q4 2024), +20% from a year earlier and +19% from the quarter before. Operating margin was -13.8%, net loss $16.5M (18.1% of revenue).
Flyexclusive, Q4 2024: revenue $91.4M (+20% year over year), operating margin -13.8%, net loss $16.5M, operating cash flow $43.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $91.4M | +19% | +20% |
| Operating profit | −$12.6M | — | — |
| Net earnings | −$16.5M | — | — |
| Operating cash flow | $43.5M | — | +762% |
| Free cash flow | $1.5M | +23% | — |
What changed
Revenue was $91.4M in Q4 2024, up 20% year over year and up 19% from the previous quarter.
Operating costs exceeded revenue by $12.6M, an operating margin of -13.8%. Total costs grew 5% against revenue growth of 20%. The quarter ended with a net loss of $16.5M, narrower than the previous quarter's $24.1M loss. Minority interests bore $12.7M of it: to shareholders the quarter was a loss of $3.8M.
Operating cash flow was $43.5M (up 762% year over year). Non-cash charges added back $6.4M of depreciation and amortization and $753K of share-based compensation. Working capital and other items added $52.8M. Capital expenditures of $42.0M left free cash flow of $1.5M.
Questions
What was Flyexclusive's revenue in the fourth quarter 2024?
Flyexclusive (FLYX) reported revenue of $91.4M for the fourth quarter 2024 (Q4 2024), +20% from a year earlier and +19% from the quarter before.
Was Flyexclusive profitable in the fourth quarter 2024?
Operating loss was $12.6M (-13.8% of revenue) and net loss $16.5M.
Source: Flyexclusive 10-K on SEC EDGAR.