FLYEXCLUSIVE INC.
For the period ended Dec 31, 2025. Filed Mar 5, 2026.
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FY2025 · Filed Mar 5, 2026
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3. Earnings (Loss) Per Share
- Earnings (Loss) Per Share
The Company computes basic earnings (loss) per share using net loss attributable to Company common stockholders and the weighted average number of common shares outstanding during each period. Because the Penny Warrants obligates the Company to issue shares for little or no cash consideration contingent only upon the passage of time (see Note 17 "Warrant Liabilities" for a description of the Penny Warrants), weighted average shares issuable under the Penny Warrants are included in the denominator in the calculation of basic and diluted EPS. Shares of Class B Common Stock do not share in the earnings or losses of the Company and are therefore not participating securities. As such, separate presentation of basic and diluted earnings (loss) per share of Class B Common Stock under the two-class method has not been presented.
The following table sets forth the computation of the Company’s basic and diluted net (loss) income per share:
| Year Ended December 31, | Year Ended December 31, | |
|---|---|---|
| (in thousands, except share amounts) | 2025 | 2024 |
| Numerator: | ||
| Net loss | $(67,114) | $(101,495) |
| Less: Net loss attributable to redeemable noncontrolling interests | (50,529) | (73,384) |
| Less: Net income (loss) attributable to noncontrolling interests | 1,007 | (7,037) |
| Add: Series A Preferred Dividends | (4,166) | (3,258) |
| Add: Series B Preferred Dividends | (5,806) | (1,233) |
| Basic Net loss attributable to common stockholders | $(27,564) | $(25,565) |
| Denominator: | ||
| Weighted Average Class A Common Stock outstanding | 19,946,794 | 17,757,741 |
| Weighted Average Class A Common Stock issuable under Series A Penny Warrants | 1,300,950 | 1,051,749 |
| Weighted Average Class A Common Stock issuable under Series B Penny Warrants | 5,990,160 | 5,000,000 |
| Weighted Average Shares Outstanding - basic and diluted | 27,237,904 | 23,809,490 |
| Basic and Diluted Earnings (Loss) Per Share | ||
| Basic | $(1.01) | $(1.07) |
| Diluted | $(1.01) | $(1.07) |
The following table summarizes potentially dilutive outstanding securities for the year ended December 31,2025 which were excluded from the calculation of diluted EPS, because their effect would have been anti-dilutive:
| December 31, 2025 | December 31, 2024 | |
|---|---|---|
| Public warrants | 2,519,869 | 2,519,869 |
| Private Placement Warrants | 4,333,333 | 4,333,333 |
| Series A Penny Warrants | 1,300,950 | 1,274,742 |
| Class B Common Stock | 59,930,000 | 59,930,000 |
| Total anti-dilutive features | 68,084,152 | 68,057,944 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.