Filing Flows › Flyte Aviation (VTAK) › Q2 2026
Flyte Aviation (VTAK) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 14, 2026
Flyte Aviation (VTAK) reported revenue of $1.0M for the second quarter 2026 (Q2 2026), +381% from a year earlier and +136% from the quarter before. Operating margin was -388.1%, net loss $3.3M (324.4% of revenue).
Flyte Aviation, Q2 2026: revenue $1.0M (+381% year over year), operating margin -388.1%, net loss $3.3M, operating cash flow −$2.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0M | +136% | +381% |
| Operating profit | −$4.0M | — | — |
| Net earnings | −$3.3M | — | — |
| Operating cash flow | −$2.9M | — | — |
What changed
Revenue was $1.0M in Q2 2026, up 381% year over year and up 136% from the previous quarter. Service was the largest line at 74% of revenue. Product added $58K year over year (up 27%), 7% of the total change.
Gross margin was 9.6%, down 83.8 points from Q2 2025. Operating costs exceeded revenue by $4.0M, an operating margin of -388.1%. Operating expenses fell 17% while revenue rose 381%. The fastest-growing cost line was SG&A (+36%). The quarter ended with a net loss of $3.3M, wider than the previous quarter's $1.7M loss. Minority interests bore $11K of it: to shareholders the quarter was a loss of $3.3M.
Operating cash flow was −$2.9M. Non-cash charges added back $382K of depreciation and amortization and $266K of share-based compensation. Working capital and other items used $203K. Capital expenditures of $15K exceeded it, leaving free cash flow of −$2.9M.
Questions
What was Flyte Aviation's revenue in the second quarter 2026?
Flyte Aviation (VTAK) reported revenue of $1.0M for the second quarter 2026 (Q2 2026), +381% from a year earlier and +136% from the quarter before.
Was Flyte Aviation profitable in the second quarter 2026?
Operating loss was $4.0M (-388.1% of revenue) and net loss $3.3M.
Source: Flyte Aviation 10-Q on SEC EDGAR.