flyExclusive AI Stock Analysis
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flyExclusive (FLYX) AI Stock Analysis
flyExclusive
(NYSE MKT:FLYX)
The score is primarily held back by high financial risk—deeply negative equity and negative free cash flow despite improving revenue/margins and positive operating cash flow. Technicals remain mixed with a longer-term downtrend, and valuation support is limited due to losses and no stated dividend. Corporate events are positive and help at the margin via added assets/customers and contract extension.
flyExclusive (FLYX) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $87.95M
- Dividend Yield
- ―
- Average Volume (3M)
- 252.07K
- Price to Earnings (P/E)
- -1.4
- Beta (1Y)
- 1.06
- Revenue Growth
- 16.15%
- EPS Growth
- 32.19%
- Country
- US
- Employees
- 120
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Airlines, Airports & Air Services
flyExclusive Business Overview & Revenue Model
Company Description
flyExclusive, Inc., headquartered in Kinston, North Carolina, is a worldwide proprietor and operator of private jet fleets. The company's comprehensive services encompass on-demand jet charter flights, unique ownership and leaseback programs designed...
flyExclusive Earnings Call Summary
The call emphasized meaningful operational and financial progress from a completed fleet transformation, with double-digit improvements in several operating metrics (dispatch availability, utilization, margins) and growth in contracted, fractional, wholesale and MRO revenues. Management highlighted deleveraging progress, membership expansion and strategic technology and M&A integrations. Headwinds include higher fuel costs, weather-related disruption, remaining legacy aircraft drag and a still-thin adjusted EBITDA dollar amount. On balance, positive structural improvements and multiple sizable metric gains outweigh near-term challenges.
Q1-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management did not give formal full‑year guidance but gave clear directional guidance: every quarter of 2026 is expected to outperform the comparable 2025 quarter on revenue, adjusted EBITDA and flight hours, with Q2 revenue projected to be roughly 15% higher than Q1; they expect to add ~20 aircraft in 2026 (primarily CJ3s, XLS+s and Challengers) and have deposits on 3 CJ3+ delivering early 2027, plan to more than double mobile service units to 30, and to continue closing the GenAI and Volato/Contrails transactions. Key metrics cited to support this outlook include Q1 revenue of ≈$96.3M (flight revenue ≈$92.5M), flight hours of 18,537 (+7% YoY), core fleet utilization of 75 hours/aircraft/month (up from 65, +15%), fractional retail sales up 47% YoY (total fractional retail activity +27%, ≈$14M), Jet Club sales ≈$25.8M (renewals $16.6M, new >$9M), MRO external revenue ≈$2M (+14% YoY), >1,000 members contributing to revenue, contribution margin 50.5% (vs. 46.9%, +360 bps), gross profit ≈$19.1M (+69% YoY) and gross margin 20% (+700 bps), dispatch availability improvement ~7.6% YoY (≈760 bps; each 1 ppt ≈$2.5M annual contribution, so ~7.6 ppt ≈$19M annualized opportunity), adjusted EBITDA ≈$0.2M vs. a loss of ~$6.4M in Q1 2025 (improvement ~$6.6M; margin 0.2% vs. -7.2%, +740 bps), long‑term notes reduced ≈$10M in Q1 (≈$86M reduction in 2025), fleet aircraft value ≈$522M with $145M directly owned and ~$112M debt on directly owned fleet (~$33M equity), ~ $98M ATM availability, and cash & cash equivalents reported at ≈$18.7B (per the call).
flyExclusive Financial Statement Overview
Summary
Operating trends are improving (TTM revenue growth, better gross margin, and operating losses narrowing) and operating cash flow turned positive (~$19M). However, the balance sheet is highly stressed with deeply negative equity (~-$220M) and meaningful debt (~$230M), and free cash flow remains materially negative (~-$43M), keeping overall financial quality and flexibility weak.
Income Statement
34NegativeBalance Sheet
18Very NegativeCash Flow
41Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 403.89M | 375.88M | 327.27M | 315.36M | 320.04M | 208.28M |
| Gross Profit | 56.26M | 32.66M | 37.06M | 24.20M | 41.49M | 31.69M |
| EBITDA | -11.29M | -22.09M | -54.56M | -5.53M | 27.25M | 23.81M |
| Net Income | -21.31M | -17.59M | -21.07M | -46.84M | 6.05M | 8.09M |
Balance Sheet | ||||||
| Total Assets | 439.38M | 440.00M | 538.29M | 521.03M | 494.22M | 306.66M |
| Cash, Cash Equivalents and Short-Term Investments | 14.24M | 29.34M | 97.23M | 82.86M | 92.63M | 31.49M |
| Total Debt | 229.76M | 243.17M | 315.66M | 312.63M | 300.46M | 172.18M |
| Total Liabilities | 655.46M | 524.27M | 549.96M | 485.70M | 446.80M | 256.97M |
| Stockholders Equity | -220.04M | -298.79M | -195.74M | 46.46M | -5.12M | -11.71M |
Cash Flow | ||||||
| Free Cash Flow | -43.30M | -24.25M | -68.09M | -75.77M | -100.85M | -8.74M |
| Operating Cash Flow | 18.92M | 6.69M | -10.93M | 8.66M | 45.64M | 57.21M |
| Investing Cash Flow | 17.53M | 115.55M | -7.87M | -62.03M | -167.27M | -70.79M |
| Financing Cash Flow | -38.03M | -124.59M | 38.87M | 41.81M | 123.67M | 21.21M |
flyExclusive Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FLYX, the sentiment is Negative. The current price of 1.09 is below the 20-day moving average (MA) of 1.12, below the 50-day MA of 1.18, and below the 200-day MA of 1.85, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 45.34 is Neutral, neither overbought nor oversold. The STOCH value of 72.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FLYX.
flyExclusive Risk Analysis
flyExclusive disclosed 67 risk factors in its most recent earnings report. flyExclusive reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
3 New RisksflyExclusive Peers Comparison
Overall Rating
ASLE51Neutral
ULCC50Neutral- FLYX46Neutral
SRFM42Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| ASLE | 51Neutral | $247.22M | -13.77 | -4.47% | ― | -4.44% | -400.46% |
| ULCC | 50Neutral | $1.86B | -4.49 | -186.46% | ― | 23.97% | -200.15% |
| FLYX | 46Neutral | $113.31M | -1.36 | 7.78% | ― | 16.15% | 32.19% |
| SRFM | 42Neutral | $100.07M | -0.42 | 211.95% | ― | 9.12% | 59.42% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| FLYX | Flyexclusive, Inc. | 1.09 | -2.12 | -66.04% | |
| ASLE | Aersale Corporation | 5.37 | -0.57 | -9.60% | |
| ULCC | Frontier Group Holdings, Inc. | 8.08 | 4.03 | 99.51% | |
| SRFM | Surf Air Mobility, Inc. | 0.70 | -1.99 | -73.83% |
flyExclusive Corporate Events
flyExclusive adjusts share issuance in Jet.AI acquisition
NeutralOn July 13, 2026, flyExclusive, Inc. completed the acquisition of certain assets of Jet.AI Inc. through a merger structure involving FlyX Merger Sub, Inc. and Jet.AI SpinCo, Inc., under which Jet.AI distributed SpinCo shares to its stockholders that...
flyExclusive Extends Volato Aircraft Management Services Agreement
PositiveflyExclusive, Inc., a provider of private aircraft management and flight operations services, manages Volato Group, Inc.’s fleet operations, sales, and expenses under an exclusive Aircraft Management Services Agreement. The relationship reinforces fl...
flyExclusive Announces Leadership Changes and New COO Appointment
NeutralOn August 19, 2026, flyExclusive, Inc. announced that longtime executive Michael Guina has been appointed Chief Operating Officer, effective August 24, 2026, while former COO Matthew Lesmeister will remain with the company as President of Maintenance...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Sep 19, 2026