flyExclusive Earnings Call Transcripts
Fiscal Year 2025
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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.
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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.
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Q2 2025 saw 16% revenue growth, 119% gross profit increase, and a 67% improvement in Adjusted EBITDA loss, driven by fleet modernization and strong demand for fractional and Jet Club programs. The company expects positive Adjusted EBITDA by year-end and continued margin expansion.
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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 new financing and the Jet.AI merger position the company for further growth.
Fiscal Year 2024
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Q4 revenue rose 20% year-over-year to $91 million, with gross margin up to 18% and adjusted EBITDA loss narrowing to $6 million. Jet Club and fractional programs drove strong recurring revenue, while operational improvements and a fleet refresh set the stage for 2025 growth.
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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.