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Midas Edge

FLYEXCLUSIVE INC.

For the period ended Dec 31, 2025. Filed Mar 5, 2026.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 5, 2026

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

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

(in thousands, except share amounts)December 31, 2025December 31, 2024 (Revised)
ASSETS
Current assets
Cash and cash equivalents$29,340$31,694
Accounts receivable, net3,0302,024
Other receivables6,2357,140
Due from related parties, current portion1,3252,645
Parts and supplies inventory, net5,0685,658
Investments in securities—65,541
Prepaid engine overhauls, current portion15,60113,710
Aircraft held for sale, current portion3,4217,786
Prepaid expenses and other current assets10,3527,771
Total current assets74,372143,969
Notes receivable, non-current portion, net7,7283,700
Property and equipment, net223,730259,874
Aircraft held for sale, non-current portion—4,085
Operating lease right-of-use assets61,02868,970
Finance lease right-of-use assets26,06115,680
Prepaid engine overhauls, non-current portion42,69439,408
Other non-current assets4,3832,604
Total assets$439,996$538,290
LIABILITIES, STOCKHOLDERS’ (DEFICIT) / MEMBERS' EQUITY, AND TEMPORARY EQUITY
Current liabilities
Accounts payable$30,674$20,295
Long-term notes payable, current portion29,90584,883
Deferred revenue, current portion135,891128,905
Operating lease liabilities, current portion14,93215,617
Finance lease liabilities, current portion4,4511,282
Other current liabilities36,51931,132
Short-term notes payable8,5375,962
Long-term notes payable - related party, current portion9,0416,677
Total current liabilities269,950294,753
Long-term notes payable, non-current portion79,031104,027
Long-term notes payable - related party, non-current portion30,62136,895
Operating lease liabilities, non-current portion47,49354,611
Finance lease liabilities, non-current portion19,1595,708
Deferred revenue, non-current portion26,42820,612
Warrant liabilities4,4443,014
Other non-current liabilities47,14030,342
Total liabilities$524,266$549,962
Temporary equity
Redeemable noncontrolling interest213,411159,514
Series A preferred stock, par value $0.0001; 25,000 shares authorized and 25,000 shares issued and outstanding27,96523,799
Series B preferred stock, par value $0.0001; 29,737 and 25,510 shares authorized; 0 and 25,510 shares issued and outstanding, respectively—15,073
Stockholders' (deficit) / equity
Accumulated other comprehensive loss—(56)
Class A common stock; par value $0.0001; 200,000,000 and 200,000,000 shares authorized; 31,184,738 and 18,199,586 shares issued and outstanding, respectively32
Class B common stock; par value $0.0001; 100,000,000 and 100,000,000 shares authorized; 59,930,000 and 59,930,000 shares issued and outstanding, respectively66
Additional paid-in capital113,625—
Accumulated deficit(440,385)(233,441)
Total flyExclusive stockholders’ (deficit) / equity(326,751)(233,489)
Noncontrolling interests1,10523,431
Total stockholders’ (deficit) / equity(325,646)(210,058)
Total liabilities, temporary equity and stockholders' equity$439,996$538,290
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.