v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 18,653 $ 29,340
Other receivables 6,938 6,235
Parts and supplies inventory, net 5,293 5,068
Investments in securities 969 0
Prepaid engine overhauls, current portion 15,020 15,601
Aircraft held for sale, current portion 3,422 3,421
Prepaid expenses and other current assets 10,817 10,352
Total current assets 66,704 74,372
Notes receivable, non-current portion, net 7,078 7,728
Property and equipment, net 230,266 223,730
Operating lease right-of-use assets 57,945 61,028
Finance lease right-of-use assets 35,033 26,061
Prepaid engine overhauls, non-current portion 46,394 42,694
Other non-current assets 5,902 4,383
Total assets 449,322 439,996
Current liabilities    
Accounts payable 37,572 30,674
Deferred revenue, current portion 129,716 135,891
Operating lease liabilities, current portion 14,442 14,932
Finance lease liabilities, current portion 7,713 4,451
Other current liabilities 35,365 36,519
Short-term notes payable 7,389 8,537
Total current liabilities 278,961 269,950
Operating lease liabilities, non-current portion 44,906 47,493
Finance lease liabilities, non-current portion 23,439 19,159
Deferred revenue, non-current portion 25,716 26,428
Warrant liabilities 3,221 4,444
Other non-current liabilities 53,448 47,140
Total liabilities 521,833 524,266
Temporary equity    
Redeemable noncontrolling interest 112,693 213,411
Stockholders' (deficit) / equity    
Accumulated other comprehensive loss 3 0
Additional paid-in capital 226,528 113,625
Accumulated deficit (448,317) (440,385)
Total flyExclusive stockholders' deficit (221,776) (326,751)
Noncontrolling interests 7,178 1,105
Total stockholders' deficit (214,598) (325,646)
Total liabilities, temporary equity and stockholders' deficit 449,322 439,996
Series A Preferred Stock    
Temporary equity    
Temporary equity, carrying amount 29,394 27,965
Series B Preferred stock    
Temporary equity    
Temporary equity, carrying amount 0 0
Class A Common stock    
Stockholders' (deficit) / equity    
Common stock 5 3
Class B Common stock    
Stockholders' (deficit) / equity    
Common stock 5 6
Nonrelated Party    
Current assets    
Accounts receivable, net 3,223 3,030
Current liabilities    
Long-term notes payable, current portion 25,742 29,905
Long-term notes payable, non-current portion 77,702 79,031
Related Party    
Current assets    
Accounts receivable, net 2,369 1,325
Current liabilities    
Long-term notes payable, current portion 21,022 9,041
Long-term notes payable, non-current portion $ 14,440 $ 30,621