v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Current assets      
Cash and cash equivalents $ 14,749 $ 31,694 $ 11,626
Other receivables 7,406 7,140 4,460
Notes receivable, current portion   0 301
Parts and supplies inventory, net 6,007 5,658 5,142
Investments in securities 8,021 65,541 71,230
Prepaid engine overhauls, current portion 9,326 13,710 14,522
Aircraft held for sale, current portion 9,770 7,786 0
Prepaid expenses and other current assets 6,842 7,771 6,752
Total current assets 66,804 143,969 116,793
Notes receivable, non-current portion, net 3,700 3,700 21,177
Property and equipment, net 243,966 259,874 253,976
Aircraft held for sale, non-current portion 2,509 4,085 0
Operating lease right-of-use assets 72,482 68,970 84,649
Finance lease right-of-use assets 29,767 15,680 0
Intangible assets, net 1,471 1,600 2,234
Prepaid engine overhauls, non-current portion 44,972 39,408 41,531
Other non-current assets 1,085 1,004 670
Total assets 466,756 538,290 521,030
Current liabilities      
Accounts payable 23,591 20,295  
Excise tax payable 1,188 1,188 1,032
Long-term notes payable, current portion   84,883 26,471
Deferred revenue, current portion 126,555 128,905 83,914
Operating lease liabilities, current portion 16,936 15,617 17,907
Finance lease liabilities, current portion 5,164 1,282 0
Other current liabilities 27,269 29,944 28,705
Short-term notes payable 5,268 5,962  
Total current liabilities 252,195 294,753 221,536
Operating lease liabilities, non-current portion 57,009 54,611 68,100
Finance lease liabilities, non-current portion 15,807 5,708 0
Deferred revenue, non-current portion 20,559 20,612 10,026
Warrant liabilities 2,445 3,014 2,508
Other non-current liabilities 33,260 30,342 16,712
Total liabilities 495,733 549,962 485,700
Temporary equity      
Redeemable noncontrolling interest 192,024 159,514 (35,525)
Stockholders' (deficit) / equity      
Accumulated other comprehensive loss (2) (56) (69)
Additional paid-in capital 19,552 9,618 126,978
Accumulated deficit (301,020) (244,177) (80,456)
Total flyExclusive stockholders' (deficit) / equity (281,462) (234,607) 46,461
Noncontrolling interests 15,437 24,549 24,394
Total stockholders’ (deficit) / equity (266,025) (210,058) 70,855
Total liabilities, temporary equity and stockholders' / members' equity 466,756 538,290 521,030
Series A Preferred Stock      
Temporary equity      
Preferred stock 24,806 23,799 0
Series B Preferred Stock      
Temporary equity      
Preferred stock 20,218 15,073 0
Class A Common stock      
Stockholders' (deficit) / equity      
Common stock 2 2 2
Class B Common stock      
Stockholders' (deficit) / equity      
Common stock 6 6 6
Nonrelated Party      
Current assets      
Accounts receivable, net 2,529 2,024 849
Current liabilities      
Accounts payable   20,295 30,172
Long-term notes payable, current portion 22,672 84,883  
Short-term notes payable   5,962 14,396
Long-term notes payable, non-current portion 98,974 104,027 166,818
Related Party      
Current assets      
Accounts receivable, net 2,154 2,645 1,911
Current liabilities      
Long-term notes payable, current portion 23,552 6,677  
Short-term notes payable   6,677 18,939
Long-term notes payable, non-current portion $ 15,484 $ 36,895 $ 0