FLYEXCLUSIVE INC.

For the period ended Sep 30, 2025. Filed Nov 12, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 12, 2025

FLYX$1.16-0.9%Stored close · as of Nov 9, 2026

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Contents

Revenue

Disaggregation of Revenue

The following table disaggregates revenue by service type and the timing of when these services are provided to the member or customer:

	Three Months Ended September 30,		Nine Months Ended September 30,
	2025	2024	2025	2024
Services transferred at a point in time:
Flights	$86,660	$72,853	$255,175	$223,357
Aircraft Management Services	430	551	1,747	551
Services transferred over time:
Memberships	(152)	852	1,171	3,658
MRO	3,088	1,521	7,721	5,255
Fractional ownership purchase price	2,106	1,146	5,775	3,087
	$92,132	$76,923	$271,589	$235,908

Transaction Price

The transaction prices for each of the primary revenue streams are as follows:

Jet Club and Charter – Membership fees (less credits issued), and flight related charges based on trips flown;

MRO – Time and materials incurred for services performed;

Fractional Ownership – The portion of fractional interest purchase price allocated to revenue, and flight related charges based on trips flown; and

Aircraft Management Services – Fixed monthly management fees charged to third-party aircraft owners.

The following tables provide a rollforward of deferred revenue for thenine months ended September 30, 2025:

	Amount
Balance as of December 31, 2024	$149,517
Revenue recognized	(239,109)
Revenue deferred	242,233
Balance as of September 30, 2025	$152,641

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.