v3.25.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 14,749 $ 31,694
Other receivables 7,406 7,140
Parts and supplies inventory, net 6,007 5,658
Investments in securities 8,021 65,541
Prepaid engine overhauls, current portion 9,326 13,710
Aircraft held for sale, current portion 9,770 7,786
Prepaid expenses and other current assets 6,842 7,771
Total current assets 66,804 143,969
Notes receivable, non-current portion, net 3,700 3,700
Property and equipment, net 243,966 259,874
Aircraft held for sale, non-current portion 2,509 4,085
Operating lease right-of-use assets 72,482 68,970
Finance lease right-of-use assets 29,767 15,680
Intangible assets, net 1,471 1,600
Prepaid engine overhauls, non-current portion 44,972 39,408
Other non-current assets 1,085 1,004
Total assets 466,756 538,290
Current liabilities    
Accounts payable 23,591 20,295
Excise tax payable 1,188 1,188
Deferred revenue, current portion 126,555 128,905
Operating lease liabilities, current portion 16,936 15,617
Finance lease liabilities, current portion 5,164 1,282
Other current liabilities 27,269 29,944
Short-term notes payable 5,268 5,962
Total current liabilities 252,195 294,753
Operating lease liabilities, non-current portion 57,009 54,611
Finance lease liabilities, non-current portion 15,807 5,708
Deferred revenue, non-current portion 20,559 20,612
Warrant liabilities 2,445 3,014
Other non-current liabilities 33,260 30,342
Total liabilities 495,733 549,962
Temporary equity    
Redeemable noncontrolling interest 192,024 159,514
Stockholders' (deficit) / equity    
Accumulated other comprehensive loss (2) (56)
Additional paid-in capital 19,552 9,618
Accumulated deficit (301,020) (244,177)
Total flyExclusive stockholders’ (deficit) / equity (281,462) (234,607)
Noncontrolling interests 15,437 24,549
Total stockholders’ (deficit) / equity (266,025) (210,058)
Total liabilities, temporary equity and stockholders' / members' equity 466,756 538,290
Series A Preferred Stock    
Temporary equity    
Temporary equity, carrying amount 24,806 23,799
Series B Preferred stock    
Temporary equity    
Temporary equity, carrying amount 20,218 15,073
Class A Common stock    
Stockholders' (deficit) / equity    
Common stock 2 2
Class B Common stock    
Stockholders' (deficit) / equity    
Common stock 6 6
Nonrelated Party    
Current assets    
Accounts receivable, net 2,529 2,024
Current liabilities    
Long-term notes payable, current portion 22,672 84,883
Long-term notes payable, non-current portion 98,974 104,027
Related Party    
Current assets    
Accounts receivable, net 2,154 2,645
Current liabilities    
Long-term notes payable, current portion 23,552 6,677
Long-term notes payable, non-current portion $ 15,484 $ 36,895

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