FLYEXCLUSIVE INC.
For the period ended Sep 30, 2025. Filed Nov 12, 2025.
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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
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Segment Information
The Company hasone reportable segment, private aviation services, managed on a consolidated basis by the Chief Executive Officer, who is the Company's CODM. The private aviation services segment provides charters, aircraft partnerships, jet club memberships, fractional ownership shares, MRO, and aircraft management services. The Company derives revenue primarily in North America and manages the business activities on a consolidated basis.
The accounting policies of the segment are the same as those described in the summary of significant accounting policies. The CODM assesses performance and decides how to allocate resources based on net loss that is also reported on the income statement as consolidated net loss. The measure of segment assets is reported on the balance sheet as consolidated total assets.
The CODM allocates resources and evaluates performance based on net loss, which is the Company’s measure of segment profit or loss. The CODM considers budget to actual and year-over-year variances for net loss when making decisions about how to utilize the Company’s resources. The components of segment profit or loss were as follows:
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Total Revenue | $92,132 | $76,923 | $271,589 | $235,908 |
| Less: | ||||
| Cost of revenue | 79,533 | 68,238 | 233,967 | 215,227 |
| Selling, general and administrative | 19,516 | 20,001 | 60,804 | 66,674 |
| Depreciation and amortization | 6,505 | 6,110 | 18,526 | 19,283 |
| (Gain) loss on aircraft sales and aircraft held for sale | (2,123) | 3,480 | (3,313) | 4,897 |
| Other (1) | 9,779 | 3,230 | 21,803 | 14,807 |
| Net Loss | $(21,078) | $(24,136) | $(60,198) | $(84,980) |
(1)
Includes all items within other income (expense) on the condensed consolidated statements of operations and comprehensive loss (unaudited).
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