flyExclusive Inc. Class A Common Stock (FLYX)

FairStock Score: 27/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start with business quality and moat. flyExclusive operates private jets and provides charter, maintenance, management and fractional programs. That is a capital-intensive service business, and the figures show no durable earning power: in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $111.1 million but net income was -$7.4 million, or diluted EPS -$0.16. Fiscal Q1 2026, ended 2026-03-31, had revenue of $96.3 million and net income of -$6.5 million. The full fiscal year 2025, ended 2025-12-31, produced revenue of $375.9 million and net income of -$17.6 million; fiscal 2024 revenue was $327.3 million with net income of -$21.1 million. So revenue is rising, but profits remain negative. Financial health is poor. Trailing free cash flow was -$27.0 million, a FairStock-calculated FCF yield of -40.0% against the 2026-10-13 market value of $67.3 million. The FairStock-calculated Altman Z-Score is -1.75, and FairStock-calculated ROCE is -5.02%. The FairStock Piotroski F-Score is 5/9, mediocre. The FairStock P/E is -1.58, so earnings-based valuation is meaningless. Valuation near $1.25 may look statistically low versus the 52-week range of $1.05-$8.88, but a low price is not the same as value. Graham demanded a margin of safety in proven earning power and assets; Buffett wants a durable moat. Here I see a small, cyclical, loss-making operator with negative cash flow. The FairStock score of 27/100 and turnaround category fit a speculative recovery. I would need evidence of sustained positive earnings and cash generation before calling this sound.

In plain English: The company owns and operates private jets and offers charter, maintenance, and management services in North America. It is growing sales but losing money and burning cash, so the business looks weak. At $1.25, the price is far below its 52-week high, but because there are no reliable profits, it looks speculative rather than clearly cheap or fair.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer