v3.26.1
Condensed Consolidated Statements of Shareholders' Equity (Deficit) / Members' Equity (Deficit) and Temporary Equity (Unaudited) - USD ($)
$ in Thousands
Total
Series A Preferred Stock
Series B Preferred stock
Class A Common stock
Class B Common stock
Total flyExclusive stockholders’ equity (deficit)
Total flyExclusive stockholders’ equity (deficit)
Series A Preferred Stock
Total flyExclusive stockholders’ equity (deficit)
Series B Preferred stock
Common Stock
Class A Common stock
Common Stock
Class B Common stock
Additional paid-in capital
Additional paid-in capital
Series B Preferred stock
Accumulated other comprehensive income (loss)
Accumulated deficit
Accumulated deficit
Series A Preferred Stock
Accumulated deficit
Series B Preferred stock
Noncontrolling Interests
Beginning balance at Dec. 31, 2024 $ 159,514                                
Temporary equity, beginning balance at Dec. 31, 2024   $ 23,799 $ 15,073                            
Temporary Equity                                  
Temporary equity, issuance of stock     3,963                            
Accretion of Redeemable non controlling interest to redemption amount 50,068                                
Dividends payable on temporary equity   662 992                            
Amortization of discount on temporary equity   345 190                            
Net Income (loss) (17,558)                                
Ending balance at Mar. 31, 2025 192,024                                
Temporary equity, ending balance at Mar. 31, 2025   24,806 20,218                            
Beginning balance (in shares) at Dec. 31, 2024                 18,199,586 59,930,000              
Beginning balance at Dec. 31, 2024 (210,058)         $ (233,489)     $ 2 $ 6     $ (56) $ (233,441)     $ 23,431
Permanent Equity                                  
Contributions from non controlling interests 71                               71
Distributions to non controlling interests (9,636)                               (9,636)
Unrealized gains on available-for-sale securities 54         54             54        
Issuance of Class A common stock pursuant to Securities Purchase Agreements (in shares)                 2,000,000                
Issuance of Class A common stock pursuant to Securities Purchase Agreements 5,800         5,800         $ 5,800            
Issuance of stock 4,426         4,426         4,426            
Accretion of Redeemable non controlling interest to redemption amount (50,068)         (50,068)         (11,100)     (38,968)      
Dividends payable on temporary equity   (662) $ (992)       $ (662) $ (992)       $ 0     $ (662) $ (992)  
Amortization of discount on temporary equity (190)         (190)         190            
Amortization of discount on temporary equity   (345)         (345)               (345)    
Stock based compensation 1,064         1,064         1,064            
Net Income (loss) (5,489)         (5,449)               (5,449)     (40)
Ending balance (in shares) at Mar. 31, 2025                 20,199,586 59,930,000              
Ending balance at Mar. 31, 2025 (266,025)         (279,851)     $ 2 $ 6     (2) (279,857)     13,826
Beginning balance at Dec. 31, 2025 213,411                                
Temporary equity, beginning balance at Dec. 31, 2025   27,965                              
Temporary Equity                                  
Accretion of Redeemable non controlling interest to redemption amount (58,224)                                
Redemption of Class B Common Stock for Class A Common Stock (34,595)                                
Dividends payable on temporary equity   1,155                              
Amortization of discount on temporary equity   274                              
Net Income (loss) (7,899)                                
Ending balance at Mar. 31, 2026 112,693                                
Temporary equity, ending balance at Mar. 31, 2026   29,394                              
Beginning balance (in shares) at Dec. 31, 2025       31,184,738 59,930,000       31,184,738 59,930,000              
Beginning balance at Dec. 31, 2025 (325,646)         (326,751)     $ 3 $ 6 113,625     (440,385)     1,105
Permanent Equity                                  
Contributions from non controlling interests 7,315                               7,315
Distributions to non controlling interests (2,272)                               (2,272)
Unrealized gains on available-for-sale securities 3         3             3        
Issuance of Class A common stock pursuant to Securities Purchase Agreements (in shares)                 4,007,022                
Issuance of Class A common stock pursuant to Securities Purchase Agreements 18,454         18,454     $ 1   18,453            
Redemption of Class B Common Stock for Class A Common Stock, Shares       10,000,000         10,000,000 (10,000,000)              
Redemption of Class B Common Stock for Class A Common Stock 34,595         34,595     $ 1 $ (1) 34,595            
Accretion of Redeemable non controlling interest to redemption amount 58,224         58,224         58,224            
Dividends payable on temporary equity   (1,155)         (1,155)               (1,155)    
Amortization of discount on temporary equity   $ (274)         $ (274)               $ (274)    
Stock based compensation 1,631         1,631         1,631            
Net Income (loss) (5,473)         (6,503)               (6,503)     1,030
Ending balance (in shares) at Mar. 31, 2026       45,191,760 49,930,000       45,191,760 49,930,000              
Ending balance at Mar. 31, 2026 $ (214,598)         $ (221,776)     $ 5 $ 5 $ 226,528   $ 3 $ (448,317)     $ 7,178