v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 15,819,000 $ 31,694,000
Other receivables 7,896,000 7,140,000
Parts and supplies inventory, net 6,325,000 5,658,000
Investments in securities 0 65,541,000
Prepaid engine overhauls, current portion 13,520,000 13,710,000
Aircraft held for sale, current portion 8,629,000 7,786,000
Prepaid expenses and other current assets 9,443,000 7,771,000
Total current assets 65,508,000 143,969,000
Notes receivable, non-current portion, net 3,700,000 3,700,000
Property and equipment, net 232,781,000 259,874,000
Aircraft held for sale, non-current portion 0 4,085,000
Operating lease right-of-use assets 68,242,000 68,970,000
Finance lease right-of-use assets 29,389,000 15,680,000
Intangible assets, net 1,326,000 1,600,000
Prepaid engine overhauls, non-current portion 41,336,000 39,408,000
Other non-current assets 1,161,000 1,004,000
Total assets 443,443,000 538,290,000
Current liabilities    
Accounts payable 32,322,000 20,295,000
Excise tax payable 1,188,000 1,188,000
Deferred revenue, current portion 122,798,000 128,905,000
Operating lease liabilities, current portion 16,767,000 15,617,000
Finance lease liabilities, current portion 5,959,000 1,282,000
Other current liabilities 30,185,000 29,944,000
Short-term notes payable 8,315,000 5,962,000
Total current liabilities 260,169,000 294,753,000
Operating lease liabilities, non-current portion 52,923,000 54,611,000
Finance lease liabilities, non-current portion 14,778,000 5,708,000
Deferred revenue, non-current portion 21,565,000 20,612,000
Warrant liabilities 2,233,000 3,014,000
Other non-current liabilities 36,716,000 30,342,000
Total liabilities 496,036,000 549,962,000
Temporary equity    
Redeemable noncontrolling interest 155,122,000 159,514,000
Stockholders' (deficit) / equity    
Accumulated other comprehensive loss (0) (56,000)
Additional paid-in capital 25,599,000 0
Accumulated deficit (286,958,000) (233,441,000)
Total flyExclusive stockholders’ (deficit) / equity (261,351,000) (233,489,000)
Noncontrolling interests 6,447,000 23,431,000
Total stockholders’ (deficit) / equity (254,904,000) (210,058,000)
Total liabilities, temporary equity and stockholders' / members' equity 443,443,000 538,290,000
Series A Preferred Stock    
Temporary equity    
Temporary equity, carrying amount 25,838,000 23,799,000
Series B Preferred stock    
Temporary equity    
Temporary equity, carrying amount 21,351,000 15,073,000
Class A Common stock    
Stockholders' (deficit) / equity    
Common stock 2,000 2,000
Class B Common stock    
Stockholders' (deficit) / equity    
Common stock 6,000 6,000
Nonrelated Party    
Current assets    
Accounts receivable, net 2,651,000 2,024,000
Current liabilities    
Long-term notes payable, current portion 19,552,000 84,883,000
Long-term notes payable, non-current portion 92,001,000 104,027,000
Related Party    
Current assets    
Accounts receivable, net 1,225,000 2,645,000
Current liabilities    
Long-term notes payable, current portion 23,083,000 6,677,000
Long-term notes payable, non-current portion $ 15,651,000 $ 36,895,000

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