flyExclusive Earnings Call Transcripts
Fiscal Year 2026
-
Q1 2026 revenue grew 9% year-over-year to $96 million, with positive adjusted EBITDA and significant margin expansion. Fleet modernization, recurring revenue growth, and MRO expansion drove results, while debt reduction and strong member retention supported a positive outlook.
Fiscal Year 2025
-
Delivered strong revenue and margin growth in 2025, achieving first positive Adjusted EBITDA quarter and significant debt reduction. Expect continued improvement in 2026 with fleet expansion, technology integration, and disciplined cost control.
-
Q3 2025 saw 20% revenue growth, record fleet utilization, and a near break-even adjusted EBITDA, driven by a modernized fleet, strong Jet Club and fractional demand, and expanding MRO operations. The company expects continued record performance and positive adjusted EBITDA into 2026.
-
Q2 2025 saw 16% revenue growth, 119% higher gross profit, and a 67% improvement in Adjusted EBITDA loss, driven by fleet modernization and strong demand for fractional and Jet Club programs. The Jet.AI merger and Russell 2000 inclusion are expected to further strengthen liquidity and growth.
-
Q1 2025 saw 10% revenue growth and a 67% improvement in Adjusted EBITDA loss, driven by fleet modernization, strong demand, and cost efficiencies. Membership and utilization rose, while debt repayment and upcoming mergers strengthen liquidity and growth prospects.
Fiscal Year 2024
-
Revenue grew 20% year-over-year in Q4 despite a smaller fleet, with gross margin rising to 18% and adjusted EBITDA loss narrowing to $6 million. Jet Club and fractional programs drove recurring revenue, while operational improvements and cost discipline set the stage for sustained profitability in 2025.
-
Q3 2024 saw 24% revenue growth, improved gross margins, and reduced SG&A and debt. The fleet refresh and Volato integration drove operational gains, with positive cash flow and Adjusted EBITDA expected in early 2025.