Filing Flows › Flyexclusive (FLYX) › Q4 2025
Flyexclusive (FLYX) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 5, 2026
Flyexclusive (FLYX) reported revenue of $104M for the fourth quarter 2025 (Q4 2025), +14% from a year earlier and +13% from the quarter before. Operating margin was -8.5%, net loss $6.9M (6.6% of revenue).
Flyexclusive, Q4 2025: revenue $104M (+14% year over year), operating margin -8.5%, net loss $6.9M, operating cash flow $17.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $104M | +13% | +14% |
| Operating profit | −$8.8M | — | — |
| Net earnings | −$6.9M | — | — |
| Operating cash flow | $17.0M | — | -61% |
| Free cash flow | $980K | — | -34% |
What changed
Revenue was $104.3M in Q4 2025, up 14% year over year and up 13% from the previous quarter.
Operating costs exceeded revenue by $8.8M, an operating margin of -8.5%. Total costs grew 9% against revenue growth of 14%. The fastest-growing cost line was Other operating costs (+31%). The quarter ended with a net loss of $6.9M, narrower than the previous quarter's $21.1M loss. Minority interests bore $3.7M of it: to shareholders the quarter was a loss of $3.2M. Non-operating items added $2.0M, -28% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $17.0M (down 61% year over year). Non-cash charges added back $5.1M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items added $17.2M. Capital expenditures of $16.0M left free cash flow of $1.0M.
Questions
What was Flyexclusive's revenue in the fourth quarter 2025?
Flyexclusive (FLYX) reported revenue of $104M for the fourth quarter 2025 (Q4 2025), +14% from a year earlier and +13% from the quarter before.
Was Flyexclusive profitable in the fourth quarter 2025?
Operating loss was $8.8M (-8.5% of revenue) and net loss $6.9M.
Source: Flyexclusive 10-K on SEC EDGAR.