Quarterly ResultMay 11, 2026, 04:13 PM
flyExclusive Q1 Revenue +9.3% to $96.35M; Net Loss $(13.37)M
AI Summary
flyExclusive Inc. reported a 9.3% increase in revenue to $96.35 million for the three months ended March 31, 2026, with a net loss of $13.37 million, a significant reduction from $23.05 million in the prior year. Despite the improved overall net loss and operating cash flow, the company's net loss attributable to flyExclusive, Inc. worsened to $6.50 million. The company continues to operate with a working capital deficit and noted a going concern risk, indicating a potential need for additional capital.
Key Highlights
- Revenue increased 9.3% to $96.35 million for Q1 2026, up from $88.13 million in Q1 2025.
- Net loss for Q1 2026 was $(13.37) million, a 42% improvement from $(23.05) million in Q1 2025.
- Basic and diluted loss per share improved to $(0.17) in Q1 2026 from $(0.30) in Q1 2025.
- Net cash used in operating activities significantly improved to $(0.62) million from $(10.46) million YoY.
- Cash and cash equivalents decreased to $18.65 million at March 31, 2026, from $29.34 million at Dec 31, 2025.
- Working capital deficit increased to $212.26 million at March 31, 2026, from $195.58 million at Dec 31, 2025.
- Net loss attributable to flyExclusive, Inc. worsened to $(6.50) million from $(5.45) million YoY.
- Company noted a going concern risk due to accumulated deficit and working capital deficit.
Price Impact
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