Filing Flows › Flyte Aviation (VTAK) › Q1 2025
Flyte Aviation (VTAK) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 14, 2025
Flyte Aviation (VTAK) reported revenue of $143K for the first quarter 2025 (Q1 2025), +74% from a year earlier and -4% from the quarter before.
Flyte Aviation, Q1 2025: revenue $143K (+74% year over year), net loss $4.0M, operating cash flow −$2.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $143K | -4% | +74% |
| Operating profit | −$3.6M | — | — |
| Net earnings | −$4.0M | — | — |
| Operating cash flow | −$2.3M | — | — |
What changed
Revenue was $143K in Q1 2025, up 74% year over year and down 4% from the previous quarter.
Gross margin was 92.3%, down 1.6 points from a year earlier. Operating costs exceeded revenue by $3.6M, an operating margin of -2500.0%. Operating expenses grew 38% against revenue growth of 74%. The fastest-growing cost line was Research & development (+178%). The quarter ended with a net loss of $4.0M, narrower than the previous quarter's $27.7M loss.
Operating cash flow was −$2.3M. Non-cash charges added back $531K of depreciation and amortization and $91K of share-based compensation. Working capital and other items added $1.1M. Capital expenditures of $10K exceeded it, leaving free cash flow of −$2.3M.
Questions
What was Flyte Aviation's revenue in the first quarter 2025?
Flyte Aviation (VTAK) reported revenue of $143K for the first quarter 2025 (Q1 2025), +74% from a year earlier and -4% from the quarter before.
Source: Flyte Aviation 10-Q on SEC EDGAR.