flyExclusive, Inc. (FLYX)

NYSE: FLYX · Air Transportation, Nonscheduled · Kinston, NC · filing with the SEC since 2021

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Grade4.0

◀ Past 3.1● Present 4.3▶ Future 4.5

1 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of flyExclusive, Inc.

Nine metrics read from its own filings, by tense

Headline grade

4.0/10

◀ Past3.130% of the headline

● Present4.340% of the headline

▶ Future4.530% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.1/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed

0.8/10

Has it survived what it has been through?

14 warning events since 2021; the latest 2024-05-28.

weight 33% of this tense · 8th percentile among 12 sector filers · read for itself

From the record

flyExclusive, Inc.'s filings since 2021 show 14 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, 3 times, the latest 2024-05-28); a warning not to rely on past financial statements (8-K item 4.02, the latest 2021-11-22); an auditor change (8-K item 4.01, the latest 2024-01-03); a late-report notice (Form NT 10-K or NT 10-Q, 9 times, the latest 2024-05-10) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

5.1/10

What has it actually done, year after year?

+5.5% a year over 4 filed years; profitable in 1 of 5.

weight 45% of this tense · 51st percentile among 12 sector filers · read for its customers

From the record

flyExclusive, Inc.'s 4 filed years say what it did: revenue went from $320 million in fiscal 2022 to $376 million in fiscal 2025, up 5.5% a year; it rose in 2 of 3 years; the deepest fall was 1% from fiscal 2022 to fiscal 2023; net income was positive in 1 of 5 of those years (its annual reports).

What it rests on

revenue growth over the filed span5.5%bottom 46% of its family
the share of years revenue rosebottom 42% of its family
the share of filed years with a profitbottom 21% of its family
the deepest fall from a revenue peak1.5%top 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed

2.5/10

How has it treated the people who own it?

Share count grew 14.4% a year. 0% of cash flow returned. Insiders: 0 sales, 3 purchases.

weight 22% of this tense · 25th percentile among 8 sector filers · read for its shareholders

From the record

Over the fiscal year to 2025-12-31, flyExclusive, Inc.'s diluted share count grew about 14.4% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 3 purchases of their own stock on the open market in the year to 2026-09-30, buying about $305 thousand (their Form 4 filings).

What it rests on

the share count over the yearsbottom 38% of its family
cash returned against operating cash flowbottom 13% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

4.3/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

2.8/10

Is it financially healthy right now?

Leverage 174%: owes 174¢ per asset dollar.

weight 33% of this tense · 28th percentile among 12 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, flyExclusive, Inc.'s shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned about 13 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 174 cents per dollar of assets, and net share issuance: its share count grew 14.4% over the year (the filed statements).

What it rests on

what it owes per dollar of assetsbottom 4% of its family
gross profit against assetstop 50% of its family
the share count against the year beforebottom 29% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

3.5/10

How strong is its position in its industry?

bottom 35% of 12 in its family; net margin -4.7%.

weight 45% of this tense · 35th percentile among 12 sector filers · read for its customers

From the record

flyExclusive, Inc.'s standing among 12 graded names in its industry family: revenue of $376 million in fiscal 2025 ranks in the bottom 39% by size; a net margin of -4.7% ranks in the bottom 21%; revenue growth of 5.5% a year over the last 3 filed years ranks in the bottom 46% (its annual reports).

What it rests on

revenue against the family$376Mbottom 39% of its family
net margin-4.7%bottom 21% of its family
three-year revenue growth5.5%bottom 46% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

8.1/10

What are the people in charge doing?

SI estimate 8.1/10, confidence 35 of 100 (one part).

weight 22% of this tense · 81st percentile among 8 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the top 19% of 8 in its family; the record of its people begins on 2023-12-27 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 2.9 years and cannot see past it; a floor under five years is not read as years in charge.
What the record cannot read: The record of its people begins on 2023-12-27 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 2.9 years and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned: one part: officer and director changes on Form 8-K, against the people in charge, the one part on file, ranked among 8 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: flyExclusive, Inc.'s leadership is put at 8.1 of 10 with a confidence of 35 of 100, because read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the top 19% of 8 in its family; the record of its people begins on 2023-12-27 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 2.9 years and cannot see past it; a floor under five years is not read as years in charge. A filing that carries the missing parts replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

4.5/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed

3.7/10

How much room does it have to grow?

bottom 37% of 11 in its family for room to expand.

weight 22% of this tense · 37th percentile among 11 sector filers · read for itself

From the record

flyExclusive, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $29 million against debt of $109 million leaves -18.1% of its assets as net cash, bottom 32% of its family; cash from operations less capital spending is -6.5% of revenue (bottom 29%); a gross margin of 15% (top 50%) (its annual report).

What it rests on

cash less debt against assets-18.1%bottom 32% of its family
cash from operations less capital spending against revenue-6.5%bottom 29% of its family
gross margin15.0%top 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

4.3/10

What could actually drive growth from here?

bottom 43% of 12 in its family for growth drivers.

weight 45% of this tense · 43rd percentile among 12 sector filers · read for its customers

From the record

flyExclusive, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 5.5% a year over the last three filed years against 5.5% over all 4, speeding up (bottom 46% of its family); the newest year grew 14.9% (top 21%); capital spending grew -40.4% a year (bottom 5%) (its annual reports). flyExclusive, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span+0.0 points a yearbottom 46% of its family
the newest year's revenue growth14.9%top 21% of its family
three-year growth of capital spending-40.4%bottom 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

5.3/10

Did its newest year beat what its own record pointed to?

top 47% of 11 in its family for expectations against reality.

weight 33% of this tense · 53rd percentile among 11 sector filers · read for its shareholders

From the record

flyExclusive, Inc.'s newest year against its own record: revenue of $376 million in fiscal 2025 came in 13.6% above the $331 million its prior three years' pace pointed to (top 23% of its family); net income of $18 million against a prior three-year average of $21 million (bottom 32%); a net margin of -4.7% against -6.5% before (top 50%) (its annual reports).

What it rests on

revenue against the prior three years' pace13.6%top 23% of its family
net income against the prior three years' average+15%bottom 32% of its family
net margin against its prior average+1.8 pointstop 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton FLYX · research, not advice