flyExclusive reported preliminary record revenue for Q4 2025, capping a transformational year with significant improvements in profitability and a move to positive Adjusted EBITDA. The company achieved this growth by increasing aircraft utilization and fleet efficiency, while simultaneously reducing its active fleet and long-term debt.
Record fourth quarter 2025 revenue is expected to be between $103.0 million and $106.0 million, an approximate 13% increase compared to $91.4 million in Q4 2024.
positiveFull year 2025 revenue is expected to range between $374.0 million and $378.0 million, an increase of approximately 15% compared to full year 2024.
positiveFourth quarter 2025 Adjusted EBITDA is expected to range between $5.5 million and $8.0 million, marking the Company’s first quarter of positive Adjusted EBITDA.
positiveFull year 2025 Net loss is expected to range between $(73.0) million and $(70.0) million, an improvement of approximately 30% compared to a $(101.5) million loss in 2024.
positiveReduced total long-term notes payable by more than $80 million in 2025 while maintaining cash position year-over-year.
positiveNet loss for the fourth quarter of 2025 is expected to range between $(13.0) million and $(10.0) million.
attentionFull year 2025 Adjusted EBITDA is expected to range between $(8.5) million and $(5.0) million.
attentionThe company is still operating at a net loss for both the quarter and the full year.
attentionMargin metrics will be available once backend extracts data from insights_json
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.
2025 was a transformation of our business, driven by investment in high-performing Challengers, improved fleet optimization and utilization.
The capabilities of our vertically integrated platform, highlighted by our recent Starlink dealership agreement, allow us to continue to provide a world-class experience for our customers.
Our transformation has been centered on fleet modernization, utilization and cost management driving to sustained profitability.
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Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.