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flyExclusive (FLYX)
:FLYX
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flyExclusive
(NYSE MKT:FLYX)
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Rating:54Neutral
Price Target:
$5.50
▲(10.00% Upside)
flyExclusive's stock score is primarily affected by its weak financial performance, characterized by negative profitability and high leverage. However, the company shows strong technical momentum and positive developments from its earnings call, which partially offset the financial challenges. The valuation remains unattractive due to negative earnings and no dividend yield.
flyExclusive (FLYX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$400.65M
Dividend YieldN/A
Average Volume (3M)53.31K
Price to Earnings (P/E)28.9
Beta (1Y)0.04
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees750
SectorIndustrials
Sector Strength72
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)-0.26
Shares Outstanding20,199,587
10 Day Avg. Volume86,908
30 Day Avg. Volume53,306
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap1.24
Enterprise Value/Revenue1.43
Enterprise Value/Gross Profit13.26
Enterprise Value/Ebitda-14.36
Forecast
1Y Price Target
$5.50Price Target Upside10.00% Upside
Rating ConsensusHold
Number of Analyst Covering0
flyExclusive Business Overview & Revenue Model
Company DescriptionflyExclusive, Inc. owns and operates private jets worldwide. The company also offers jet charter services; ownership and leaseback programs for aircraft buyers; and aircraft maintenance, repair, interior, and paint services. In addition, it provides jet cards. The company is headquartered in Kinston, North Carolina. flyExclusive, Inc.operates as a subsidiary of LGM Enterprises, LLC.
How the Company Makes MoneyflyExclusive makes money primarily through its private jet membership programs, jet card sales, and on-demand charter services. Clients pay for these services either through purchasing flight hours in advance, subscribing to membership plans, or booking individual flights as needed. The company benefits from a diverse customer base that includes corporate clients, high-net-worth individuals, and leisure travelers. Additionally, flyExclusive maximizes its revenue by maintaining a well-utilized fleet, optimizing scheduling and aircraft availability. Strategic partnerships with luxury travel agencies and corporate entities also contribute to its revenue generation by expanding its market reach and customer base.
flyExclusive Earnings Call Summary
Earnings Call Date:Aug 13, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Nov 13, 2025
Earnings Call Sentiment Positive
The earnings call highlighted significant achievements in fleet modernization, operational efficiency, and revenue growth. However, challenges remain with an adjusted EBITDA loss and increased accounts payable. Overall, the company shows strong positive momentum and expects further improvements.Q2-2025 Updates
Positive Updates
Fleet Modernization Success
FlyExclusive reduced nonperforming aircraft from 37 to 13, with plans to further reduce to mid-single digits by year-end. The addition of Challenger 350s contributed to increased reliability and demand.
Charter Flight Hours and Revenue Growth
Charter flight hours grew 12% year-over-year and 7% quarter-over-quarter. Revenue increased by 16% year-over-year, with 119% more gross profit on 10 fewer jets.
Fractional Program and Membership Growth
Fractional shares sold increased by 21% year-over-year, and membership hours increased by 32% compared to Q2 2024. Retail sales were up 26%, and fractional sales increased by 24%.
Improved Operational Efficiency
SG&A costs declined by nearly $1.2 million compared to Q2 2024, representing a 5% cost improvement. Adjusted EBITDA loss improved by 67% to $5.2 million.
MRO Revenue and Growth
Maintenance and repair organization revenue grew by 28% compared to a year ago, reaching $2.9 billion.
Negative Updates
Adjusted EBITDA Loss
Despite improvements, the company still reported an adjusted EBITDA loss of $5.2 million for the quarter.
Accounts Payable Increase
The accounts payable balance increased as a strategic lever, which the company plans to normalize soon.
Company Guidance
During the flyExclusive Second Quarter 2025 Earnings Call, the company showcased significant progress in its fleet modernization strategy, which has been a key driver of their improved financial performance. They reported a 12% year-over-year increase in charter flight hours, reaching 18,605 hours, despite operating with 10% fewer aircraft. Revenue increased by 16% to $91.3 million, while gross profit surged by 119%. The company reduced its nonperforming aircraft to 13, with plans to further decrease this number by year-end. The integration of Challenger 350s into the fleet has enhanced operational efficiency, with each aircraft contributing $8 million to $10 million in annual revenue. FlyExclusive's maintenance and repair organization (MRO) generated $2.9 million in revenue, marking a 28% increase. Overall, their adjusted EBITDA loss improved by 67% year-over-year to $5.2 million. The company anticipates continued growth and profitability, supported by strong demand for their fractional and Jet Club programs, which saw a 32% increase in membership.flyExclusive Financial Statement Overview
Summary
flyExclusive faces significant financial challenges with negative earnings and equity, high leverage, and weak cash flow management. Despite slight revenue growth, the company's profitability and solvency issues present severe risks that need strategic attention for improvement.Income Statement
flyExclusive shows declining profitability with negative net income and EBIT over the TTM and past years. Revenue has increased slightly from the previous year, showing some growth potential, but the margins remain negative, indicating financial challenges.45
Neutral
Balance Sheet
The company's balance sheet reflects high leverage with a negative stockholders' equity, indicating insolvency risks. The debt-to-equity ratio is not calculable due to negative equity, suggesting financial instability and a potential risk for creditors and investors.30
Negative
Cash Flow
Operating cash flow is zero in the TTM, and although free cash flow has turned positive recently, the overall cash flow position remains weak. The free cash flow to net income ratio is not favorable due to negative net income, highlighting ongoing cash management issues.40
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 347.75M | 327.27M | 315.36M | 320.04M | 208.28M |
| Gross Profit | 37.41M | 37.06M | 24.20M | 41.49M | 49.04M |
| EBITDA | -34.55M | -54.56M | -5.53M | 27.25M | 23.81M |
| Net Income | -20.29M | -21.07M | -46.84M | 6.05M | 8.09M |
Balance Sheet | |||||
| Total Assets | 443.44M | 538.29M | 521.03M | 494.22M | 306.66M |
| Cash, Cash Equivalents and Short-Term Investments | 15.82M | 97.23M | 82.86M | 92.63M | 31.49M |
| Total Debt | 249.03M | 315.66M | 312.63M | 300.46M | 172.18M |
| Total Liabilities | 496.04M | 549.96M | 485.70M | 446.80M | 256.97M |
| Stockholders Equity | -214.16M | -195.74M | 46.46M | -5.12M | 210.36M |
Cash Flow | |||||
| Free Cash Flow | -20.15M | -68.09M | -95.76M | -121.95M | -67.01M |
| Operating Cash Flow | 21.14M | -10.93M | 8.66M | 45.64M | -1.06M |
| Investing Cash Flow | 70.40M | -7.87M | -62.03M | -167.27M | -70.79M |
| Financing Cash Flow | -85.06M | 38.87M | 41.81M | 123.67M | 21.21M |
flyExclusive Technical Analysis
Positive
5.00
Price Trends
3.61
Positive
3.16
Positive
3.12
Positive
Market Momentum
0.40
Positive
62.44
Neutral
23.93
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FLYX, the sentiment is Positive. The current price of 5 is above the 20-day moving average (MA) of 4.66, above the 50-day MA of 3.61, and above the 200-day MA of 3.12, indicating a bullish trend. The MACD of 0.40 indicates Positive momentum. The RSI at 62.44 is Neutral, neither overbought nor oversold. The STOCH value of 23.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FLYX.
flyExclusive Risk Analysis
flyExclusive disclosed 65 risk factors in its most recent earnings report. flyExclusive reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
flyExclusive Peers Comparison
Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
54 Neutral | $400.65M | 28.86 | 26.01% | ― | ― | ― | |
54 Neutral | 423.18M | -21.76 | -8.51% | ― | 6.70% | 63.35% | |
52 Neutral | 56.10M | -0.31 | 429.35% | ― | -14.62% | -86.07% | |
47 Neutral | 173.02M | -1.22 | 49.73% | ― | -3.95% | 85.63% | |
44 Neutral | 9.95M | -0.43 | 248.84% | ― | -9.49% | 97.34% | |
42 Neutral | 1.38B | -4.23 | 173.08% | ― | -20.21% | 88.09% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
Performance Comparison
FLYX
flyExclusive
5.00
2.02
67.79%
MESA
Mesa Air Group
1.34
0.13
10.74%
SRTA
Strata Critical Medical
5.18
2.24
76.19%
UP
Wheels Up Experience
1.98
-0.44
-18.18%
SOAR
Volato Group
1.67
-8.13
-82.96%
SRFM
Surf Air Mobility, Inc.
4.04
2.70
201.49%
flyExclusive Corporate Events
Business Operations and Strategy
flyExclusive Expands Stock Plans to Boost Engagement
Positive
Sep 15, 2025
On September 10, 2025, flyExclusive, Inc.’s board of directors approved amendments to the company’s Employee Stock Purchase Plan and 2023 Equity Incentive Plan. These amendments increased the number of shares reserved for issuance under the plans, with the ESPP increasing from 1.5 million to 2.5 million shares and the Equity Incentive Plan from 6 million to 15 million shares. This move is likely aimed at enhancing employee engagement and retention, potentially strengthening the company’s position in the competitive private aviation market.
The most recent analyst rating on (FLYX) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on flyExclusive stock, see the FLYX Stock Forecast page.
Business Operations and StrategyDelistings and Listing Changes
flyExclusive Releases Shares to Boost Liquidity
Positive
Jul 28, 2025
flyExclusive, Inc. has executed a waiver to release 5,625,000 shares of its Class A common stock and warrants from a lock-up agreement with EG Sponsor LLC, effective immediately. This strategic move aims to position the company for inclusion in the Russell 2000 Index, which is expected to enhance stock liquidity and support capital raising efforts, reflecting EG Sponsor’s continued investment and support.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.