flyExclusive (FLYX) AI Stock Analysis

• Market Cap: $252.55M
• Dividend Yield: N/A
• Average Volume (3M): 15.26K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.09
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 750
• Sector: Industrials
• Sector Strength: 72
• Industry: Airlines, Airports & Air Services
• EPS (TTM): -0.25
• Shares Outstanding: 20,757,668
• 10 Day Avg. Volume: 16,292
• 30 Day Avg. Volume: 15,262
• PEG Ratio: 0.06
• Price to Book (P/B): -0.38
• Price to Sales (P/S): 0.23
• P/FCF Ratio: -1.10
• Enterprise Value/Market Cap: 2.93
• Enterprise Value/Revenue: 2.04
• Enterprise Value/Gross Profit: 17.88
• Enterprise Value/Ebitda: -22.51
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: $3.50 ▲(2.64% Upside)

flyExclusive's overall stock score is primarily impacted by its weak financial performance, characterized by negative profitability and high leverage. While technical analysis and valuation also present challenges, the positive earnings call and strategic corporate events provide some optimism for future improvements. However, significant risks remain due to the company's financial instability.

Positive Factors

Fleet Modernization

Fleet modernization enhances operational efficiency and reliability, reducing costs and improving margins, supporting long-term growth.

Revenue Growth

Strong revenue growth indicates increasing market demand and effective business strategies, positioning the company for sustained expansion.

MRO Revenue Expansion

Significant growth in MRO revenue underscores the company's ability to diversify income streams and enhance profitability.

Negative Factors

High Financial Leverage

High leverage poses financial risks, limiting flexibility and increasing vulnerability to economic downturns, affecting long-term stability.

Negative Profitability Metrics

Negative margins highlight ongoing challenges in achieving profitability, potentially hindering long-term financial health and growth.

Negative Free Cash Flow

Negative free cash flow indicates cash management challenges, potentially impacting the company's ability to invest in growth opportunities.

flyExclusive Business Overview & Revenue Model

Company Description

flyExclusive (FLYX) is a premier private aviation company specializing in providing private jet charter services, aircraft management, and fractional ownership solutions. Serving a diverse clientele ranging from corporate executives to leisure travelers, flyExclusive offers a fleet of modern jets that ensure luxury, comfort, and safety. The company operates primarily in the private aviation sector, catering to the needs of customers looking for bespoke travel experiences and efficient air transportation.

How the Company Makes Money

flyExclusive generates revenue through multiple streams, primarily focusing on private jet charters, aircraft management services, and fractional ownership programs. The charter service is a significant revenue source, allowing customers to book flights on-demand and pay based on flight hours and distance traveled. Additionally, the company earns income through managing aircraft on behalf of owners, charging management fees and taking a percentage of charter revenue generated by those aircraft. The fractional ownership model allows customers to purchase shares in a jet, providing them with access to the aircraft for a set number of hours per year, thereby creating another steady stream of income. Partnerships with other aviation service providers and strategic marketing initiatives further enhance its earnings potential by broadening its customer base and service offerings.

flyExclusive Financial Statement Overview

Summary

flyExclusive is experiencing revenue growth but faces significant profitability and leverage challenges. The negative equity position and high debt levels pose financial risks, despite some improvement in cash flow.

Income Statement

flyExclusive's income statement shows a mixed performance. The company has experienced revenue growth of 4.37% in the TTM, indicating a positive trajectory. However, profitability metrics such as the net profit margin (-5.04%) and EBIT margin (-15.60%) are negative, highlighting ongoing challenges in achieving profitability. The gross profit margin is relatively low at 11.39%, suggesting limited pricing power or high cost of goods sold.

Balance Sheet

The balance sheet reveals significant financial leverage with a negative stockholders' equity, resulting in a concerning debt-to-equity ratio of -0.69 in the TTM. This indicates potential financial instability. The return on equity is slightly positive at 7.10%, but this is primarily due to the negative equity base. The equity ratio is not calculable due to negative equity, further emphasizing the need for capital restructuring.

Cash Flow

Cash flow analysis shows some improvement with a positive operating cash flow of $33.2 million in the TTM. However, free cash flow remains negative at -$23.8 million, though it has improved by 18.23% compared to the previous period. The operating cash flow to net income ratio is 0.12, indicating some cash generation capability, but the negative free cash flow to net income ratio of -0.72 highlights ongoing cash flow challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	362.95M	327.27M	315.36M	320.04M	208.28M
Gross Profit	41.33M	37.06M	24.20M	41.49M	31.69M
EBITDA	-32.83M	-54.56M	-5.53M	27.25M	23.81M
Net Income	-18.29M	-21.07M	-46.84M	6.05M	8.09M
Balance Sheet
Total Assets	448.10M	538.29M	521.03M	494.22M	225.97M
Cash, Cash Equivalents and Short-Term Investments	18.70M	97.23M	82.86M	92.63M	319.22K
Total Debt	265.05M	315.66M	312.63M	300.46M	71.94K
Total Liabilities	526.82M	549.96M	485.70M	446.80M	15.62M
Stockholders Equity	-384.31M	-195.74M	46.46M	-5.12M	210.36M
Cash Flow
Free Cash Flow	-37.73M	-68.09M	-75.77M	-100.85M	-8.74M
Operating Cash Flow	33.57M	-10.93M	8.66M	45.64M	57.21M
Investing Cash Flow	48.76M	-7.87M	-62.03M	-167.27M	-70.79M
Financing Cash Flow	-82.28M	38.87M	41.81M	123.67M	21.21M

flyExclusive Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.41
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 3.41 is below the 20-day moving average (MA) of 3.45, below the 50-day MA of 3.57, and above the 200-day MA of 3.30, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 45.04 is Neutral, neither overbought nor oversold. The STOCH value of 7.31 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FLYX.

flyExclusive Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SNCY	74 Outperform	$769.63M	14.24	9.99%	―	4.27%	28.47%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
ASLE	57 Neutral	$331.24M	55.34	1.35%	―	-1.64%	1966.67%
ULCC	50 Neutral	$1.12B	-8.42	-27.87%	―	1.77%	-1964.48%
FLYX	47 Neutral	$252.55M	-2.93	―	―	―	―
SRFM	47 Neutral	$114.55M	-0.69	―	―	-8.51%	82.15%
MESA	38 Underperform	$55.26M	-0.31	-509.71%	―	-15.06%	-119.79%

flyExclusive Corporate Events

flyExclusive Expands Through Strategic Acquisition and Agreement

On October 1, 2025, flyExclusive entered into a Fourth Amendment to its Aircraft Management Services Agreement with Volato Group, allowing flyExclusive to purchase certain aviation-related assets from Volato and assume related obligations. The amendment also extended the agreement’s term and involved a $4.1 million payment from flyExclusive to Volato, partially in Class A common stock. Additionally, flyExclusive announced a strategic acquisition of Volato’s aircraft sales division and secured rights to acquire Volato’s Vaunt Platform and Mission Control software, enhancing its service offerings and positioning for growth in the aviation sector.

flyExclusive Expands Stock Plans to Boost Engagement

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.