10-Q · May 11, 2026
FLYX reported a strong increase in revenue and a notable improvement in operating results for the first quarter of 2026. Revenue reached $96.4M, a 9.3% increase year-over-year, with gross margins improving to 19.7%. The…
Earnings analysis · 10-Q
FLYX earnings analysis
Filed August 12, 2026 · Our reading of the company's report
The latest report
The provided 10-Q excerpt does not include the condensed income statement, balance sheet, cash-flow statement, or MD&A financial results, so revenue, margins, EPS, cash flow, balance-sheet trends, and segment…
Read full summary
The provided 10-Q excerpt does not include the condensed income statement, balance sheet, cash-flow statement, or MD&A financial results, so revenue, margins, EPS, cash flow, balance-sheet trends, and segment performance cannot be quantified from the supplied text. The most material disclosed issue is that disclosure controls remained ineffective as of June 30, 2026 because of continuing material weaknesses. Market-risk disclosures were unchanged, with interest rates and aircraft fuel costs identified as the principal exposures, and no quantitative guidance was provided.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
What stood out
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Market-risk profile unchanged
The company reported that there were no material changes in its principal market risks, which relate to interest rates and aircraft fuel costs, compared with the December 31, 2025 Form 10-K.
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Merger agreement amended
The filing includes Amendment No. 5 to the Jet.AI merger agreement as Exhibit 10.1, dated July 13, 2026 and previously filed on July 14, 2026.
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No share repurchases
No common-stock purchases were made during the three months ended June 30, 2026.
What to watch
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Material weaknesses remain
Management concluded that disclosure controls and procedures were not effective as of June 30, 2026 because of continuing material weaknesses in internal control over financial reporting.
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Interest-rate and fuel exposure
The company remains exposed to adverse changes in interest rates and aircraft fuel costs; the filing identifies these as its principal market risks.
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Existing risks remain
The company states that there were no material changes to the risk factors disclosed in its December 31, 2025 Form 10-K, so previously disclosed risks remain applicable.
Management's outlook
The provided 10-Q excerpt contains no quantitative revenue or EPS outlook. The filing states that there were no material changes to the market risks described in the December 31, 2025 Form 10-K.
Earlier filings 4
10-K · March 5, 2026
The 2025 Form 10-K emphasizes flyExclusive’s vertical-integration strategy: fleet growth (82 owned/leased aircraft), high self-sufficiency (95%+ of flights fulfilled by the flyExclusive fleet), and growing MRO…
10-Q · November 12, 2025
flyExclusive reported Q3 revenue of $92.132M (three months ended September 30, 2025), up $15.209M (+19.8%) year-over-year but modestly above Q2 2025. Gross margin improved to ~13.7% and operating loss narrowed to…
10-Q · August 13, 2025
flyExclusive reported Q2 revenue of $91,332 (thousands) (up from $79,013 in Q2 2024 and up versus Q1 2025's $88,000), with gross margin of 15.0% and an operating loss narrowing to $(12,360). GAAP EPS (basic & diluted)…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.