flyExclusive, Inc. (FLYX) 10-Year Financial Performance & Capital Metrics

FLYX • • Industrial / General

IndustrialsAirlines & AirportsPrivate & Business AviationPrivate Jet Operators

AboutflyExclusive, 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.Show more

Revenue $327M +3.8%
EBITDA -$57M -452.0%
Net Income -$21M +55.0%
EPS (Diluted) -1.07 +61.9%
Gross Margin 11.32% +47.6%
EBITDA Margin -17.44% -431.9%
Operating Margin -25.29% -113.7%
Net Margin -6.44% +56.6%
ROE -178.16% -57.4%
ROIC -20.4% -140.9%
Debt/Equity -
Interest Coverage -3.91 -132.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 93 (top 7%)

✗Weaknesses

✗Negative free cash flow
✗Shares diluted 43.0% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y16.26%

TTM16.38%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM54.75%

EPS CAGR

10Y-

5Y-

3Y-

TTM56.3%

ROCE

10Y Avg-11.83%

5Y Avg-11.83%

3Y Avg-15.37%

Latest-30.49%

Peer Comparison

Private Jet Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE
SOARVolato Group, Inc.	6.02M	0.61	-0.03	30.12%	17.84%	226.58%
UPWheels Up Experience Inc.	671.19M	0.93	-1.90	-36.8%	-46.59%
FLYXflyExclusive, Inc.	125.07M	3.74	-3.50	3.78%	-5.04%	-178.16%

Profit & Loss

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	208.28M	320.04M	315.36M	327.27M
Revenue Growth %	-	0.54%	-0.01%	0.04%
Cost of Goods Sold+	176.59M	278.56M	291.16M	290.21M
COGS % of Revenue	0.85%	0.87%	0.92%	0.89%
Gross Profit+	31.69M	41.49M	24.2M	37.06M
Gross Margin %	0.15%	0.13%	0.08%	0.11%
Gross Profit Growth %	-	0.31%	-0.42%	0.53%
Operating Expenses+	34.39M	53.79M	61.52M	119.84M
OpEx % of Revenue	0.17%	0.17%	0.2%	0.37%
Selling, General & Admin	34.39M	53.79M	75.43M	91.34M
SG&A % of Revenue	0.17%	0.17%	0.24%	0.28%
Research & Development	0	0	0	0
R&D % of Revenue	-	-	-	-
Other Operating Expenses	0	0	-13.9M	28.5M
Operating Income+	-2.7M	-12.31M	-37.32M	-82.78M
Operating Margin %	-0.01%	-0.04%	-0.12%	-0.25%
Operating Income Growth %	-	-3.55%	-2.03%	-1.22%
EBITDA+	14.65M	10.81M	-10.34M	-57.07M
EBITDA Margin %	0.07%	0.03%	-0.03%	-0.17%
EBITDA Growth %	-	-0.26%	-1.96%	-4.52%
D&A (Non-Cash Add-back)	17.35M	23.11M	26.98M	25.71M
EBIT	6.46M	4.14M	-32.52M	-80.27M
Net Interest Income+	-4.22M	-7.51M	-17.59M	-16.87M
Interest Income	0	782K	4.63M	4.31M
Interest Expense	4.22M	8.29M	22.22M	21.18M
Other Income/Expense	4.95M	8.15M	-17.42M	-18.68M
Pretax Income+	2.24M	-4.15M	-54.74M	-101.45M
Pretax Margin %	0.01%	-0.01%	-0.17%	-0.31%
Income Tax+	0	0	0	41K
Effective Tax Rate %	3.61%	-1.46%	0.86%	0.21%
Net Income+	8.09M	6.05M	-46.84M	-21.07M
Net Margin %	0.04%	0.02%	-0.15%	-0.06%
Net Income Growth %	-	-0.25%	-8.74%	0.55%
Net Income (Continuing)	2.24M	-4.15M	-54.74M	-101.5M
Discontinued Operations	0	0	0	0
Minority Interest	0	52.53M	-11.13M	184.06M
EPS (Diluted)+	0.48	0.22	-2.81	-1.07
EPS Growth %	-	-0.54%	-13.77%	0.62%
EPS (Basic)	0.48	0.22	-2.81	-1.07
Diluted Shares Outstanding	28.13M	28.13M	16.65M	23.81M
Basic Shares Outstanding	28.13M	28.13M	16.65M	23.81M
Dividend Payout Ratio	1.61%	1.49%	-	-

Balance Sheet

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	783.18K	131.35M	116.79M	143.97M
Cash & Short-Term Investments	319.22K	92.63M	82.86M	97.23M
Cash Only	319.22K	23.18M	11.63M	31.69M
Short-Term Investments	0	69.45M	71.23M	65.54M
Accounts Receivable	0	22.27M	3.34M	12.13M
Days Sales Outstanding	-	25.4	3.87	13.53
Inventory	0	5.87M	5.14M	5.66M
Days Inventory Outstanding	-	7.69	6.45	7.12
Other Current Assets	0	1.52M	5.28M	8.71M
Total Non-Current Assets+	225.19M	362.87M	404.24M	394.32M
Property, Plant & Equipment	0	303.74M	338.63M	330.36M
Fixed Asset Turnover	-	1.05x	0.93x	0.99x
Goodwill	0	0	0	0
Intangible Assets	0	2.43M	2.23M	1.6M
Long-Term Investments	225.01M	7.49M	21.18M	19.38M
Other Non-Current Assets	180K	49.21M	42.2M	42.98M
Total Assets+	225.97M	494.22M	521.03M	538.29M
Asset Turnover	0.92x	0.65x	0.61x	0.61x
Asset Growth %	-	1.19%	0.05%	0.03%
Total Current Liabilities+	357.12K	138.69M	221.54M	294.75M
Accounts Payable	0	21.76M	30.17M	20.3M
Days Payables Outstanding	-	28.51	37.82	25.52
Short-Term Debt	71.94K	37.07M	59.81M	97.52M
Deferred Revenue (Current)	0	1000K	1000K	1000K
Other Current Liabilities	285.18K	14.78M	19.47M	10.21M
Current Ratio	2.19x	0.95x	0.53x	0.49x
Quick Ratio	2.19x	0.90x	0.50x	0.47x
Cash Conversion Cycle	-	4.58	-27.51	-4.88
Total Non-Current Liabilities+	15.26M	308.1M	264.16M	255.21M
Long-Term Debt	0	222.66M	166.82M	140.92M
Capital Lease Obligations	0	40.73M	68.1M	60.32M
Deferred Tax Liabilities	0	0	0	0
Other Non-Current Liabilities	15.26M	42.13M	19.22M	33.36M
Total Liabilities	15.62M	446.8M	485.7M	549.96M
Total Debt+	71.94K	300.46M	312.63M	315.66M
Net Debt	-247.28K	277.28M	301M	283.97M
Debt / Equity	0.00x	6.34x	8.85x	-
Debt / EBITDA	0.00x	27.80x	-	-
Net Debt / EBITDA	-0.02x	25.66x	-	-
Interest Coverage	-0.64x	-1.48x	-1.68x	-3.91x
Total Equity+	210.36M	47.42M	35.33M	-11.67M
Equity Growth %	-	-0.77%	-0.25%	-1.33%
Book Value per Share	7.48	1.69	2.12	-0.49
Total Shareholders' Equity	210.36M	-5.12M	46.46M	-195.74M
Common Stock	225.01M	0	8K	8K
Retained Earnings	-14.65M	-4.64M	-80.46M	-244.18M
Treasury Stock	0	0	0	0
Accumulated OCI	0	-476K	-69K	-56K
Minority Interest	0	52.53M	-11.13M	184.06M

Cash Flow

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	57.21M	45.64M	8.66M	-10.93M
Operating CF Margin %	0.27%	0.14%	0.03%	-0.03%
Operating CF Growth %	-	-0.2%	-0.81%	-2.26%
Net Income	2.24M	-4.15M	-54.74M	-101.5M
Depreciation & Amortization	17.35M	23.11M	26.98M	25.71M
Stock-Based Compensation	0	0	882K	753K
Deferred Taxes	0	0	0	0
Other Non-Cash Items	2.33M	461K	14.67M	27.48M
Working Capital Changes	35.28M	26.22M	20.87M	36.63M
Change in Receivables	-2.51M	-14.8M	17.42M	-4.59M
Change in Inventory	-1M	-3.89M	730K	-516K
Change in Payables	10.87M	4.5M	7.61M	4.69M
Cash from Investing+	-70.79M	-167.27M	-62.03M	-7.87M
Capital Expenditures	-64.28M	-145.97M	-83.64M	-56.67M
CapEx % of Revenue	0.31%	0.46%	0.27%	0.17%
Acquisitions	-	-	-	-
Investments	-	-	-	-
Other Investing	3.81M	38.92M	20.37M	40.59M
Cash from Financing+	21.21M	123.67M	41.81M	38.87M
Debt Issued (Net)	-	-	-	-
Equity Issued (Net)	-	-	-	-
Dividends Paid	-13.05M	-9.04M	-33.66M	0
Share Repurchases	-	-	-	-
Other Financing	26.21M	11.47M	295K	-14.13M
Net Change in Cash	-	-	-	-
Free Cash Flow+	-8.74M	-100.85M	-75.77M	-68.09M
FCF Margin %	-0.04%	-0.32%	-0.24%	-0.21%
FCF Growth %	-	-10.54%	0.25%	0.1%
FCF per Share	-0.31	-3.59	-4.55	-2.86
FCF Conversion (FCF/Net Income)	7.08x	7.55x	-0.19x	0.52x
Interest Paid	4.07M	5.95M	12.27M	19.71M
Taxes Paid	0	0	0	0

Key Ratios

Metric	2021	2022	2023	2024
Return on Equity (ROE)	3.84%	4.69%	-113.2%	-178.16%
Return on Invested Capital (ROIC)	-	-3.45%	-8.47%	-20.4%
Gross Margin	15.21%	12.96%	7.67%	11.32%
Net Margin	3.88%	1.89%	-14.85%	-6.44%
Debt / Equity	0.00x	6.34x	8.85x	-
Interest Coverage	-0.64x	-1.48x	-1.68x	-3.91x
FCF Conversion	7.08x	7.55x	-0.19x	0.52x
Revenue Growth	-	53.66%	-1.46%	3.78%

Revenue by Segment

	2024
Reportable	327.27M
Reportable Growth	-

Frequently Asked Questions

Growth & Financials

flyExclusive, Inc. (FLYX) reported $363.0M in revenue for fiscal year 2024. This represents a 74% increase from $208.3M in 2021.

flyExclusive, Inc. (FLYX) grew revenue by 3.8% over the past year. Growth has been modest.

flyExclusive, Inc. (FLYX) reported a net loss of $18.3M for fiscal year 2024.

Dividend & Returns

flyExclusive, Inc. (FLYX) has a return on equity (ROE) of -178.2%. Negative ROE indicates the company is unprofitable.

flyExclusive, Inc. (FLYX) had negative free cash flow of $37.7M in fiscal year 2024, likely due to heavy capital investments.

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