v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 29,340 $ 31,694
Other receivables 6,235 7,140
Parts and supplies inventory, net 5,068 5,658
Investments in securities 0 65,541
Prepaid engine overhauls, current portion 15,601 13,710
Aircraft held for sale, current portion 3,421 7,786
Prepaid expenses and other current assets 10,352 7,771
Total current assets 74,372 143,969
Notes receivable, non-current portion, net 7,728 3,700
Property and equipment, net 223,730 259,874
Aircraft held for sale, non-current portion 0 4,085
Operating lease right-of-use assets 61,028 68,970
Finance lease right-of-use assets 26,061 15,680
Prepaid engine overhauls, non-current portion 42,694 39,408
Other non-current assets 4,383 2,604
Total assets 439,996 538,290
Current liabilities    
Accounts payable 30,674 20,295
Deferred revenue, current portion 135,891 128,905
Operating lease liabilities, current portion 14,932 15,617
Finance lease liabilities, current portion 4,451 1,282
Other current liabilities 36,519 31,132
Short-term notes payable 8,537 5,962
Total current liabilities 269,950 294,753
Operating lease liabilities, non-current portion 47,493 54,611
Finance lease liabilities, non-current portion 19,159 5,708
Deferred revenue, non-current portion 26,428 20,612
Warrant liabilities 4,444 3,014
Other non-current liabilities 47,140 30,342
Total liabilities 524,266 549,962
Temporary equity    
Redeemable noncontrolling interest 213,411 159,514
Stockholders' (deficit) / equity    
Accumulated other comprehensive loss 0 (56)
Additional paid-in capital 113,625 0
Accumulated deficit (440,385) (233,441)
Total flyExclusive stockholders’ (deficit) / equity (326,751) (233,489)
Noncontrolling interests 1,105 23,431
Total stockholders’ (deficit) / equity (325,646) (210,058)
Total liabilities, temporary equity and stockholders' equity 439,996 538,290
Series A Preferred Stock    
Temporary equity    
Temporary equity, carrying amount 27,965 23,799
Series B Preferred stock    
Temporary equity    
Temporary equity, carrying amount 0 15,073
Class A Common Stock    
Stockholders' (deficit) / equity    
Common stock 3 2
Class B Common stock    
Stockholders' (deficit) / equity    
Common stock 6 6
Nonrelated Party    
Current assets    
Accounts receivable, net 3,030 2,024
Current liabilities    
Long-term notes payable, current portion 29,905 84,883
Long-term notes payable, non-current portion 79,031 104,027
Related Party    
Current assets    
Accounts receivable, net 1,325 2,645
Notes receivable, non-current portion, net 7,728 3,700
Current liabilities    
Long-term notes payable, current portion 9,041 6,677
Long-term notes payable, non-current portion $ 30,621 $ 36,895

Source