FLYEXCLUSIVE INC.

Annual Trend FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash and cash equivalents $319k $88k $11.6m $31.7m $29.3m
Accounts receivable, net $17.1m $2.8m $4.7m $4.4m
Other receivables $4.9m $4.5m $7.1m $6.2m
Parts and supplies inventory, net $5.9m $5.1m $5.7m $5.1m
Prepaid engine overhauls, current portion $5.1m $14.5m $13.7m $15.6m
Prepaid expenses and other current assets $5.9m $6.8m $7.8m $10.4m
Notes receivable, non-current portion, net $4.9m $21.2m $3.7m $7.7m
Prepaid engine overhauls, non-current portion $48.3m $41.5m $39.4m $42.7m
Total current assets $783k $280k $116.8m $144.0m $74.4m
Property and equipment, net $252.7m $254.0m $259.9m $223.7m
Intangible assets, net $2.4m $2.2m $1.6m
Operating lease right-of-use assets $51.1m $84.6m $69.0m $61.0m
Finance lease right-of-use assets $0 $15.7m $26.1m
Notes receivable, current portion $261k $301k $0
Investments in securities $69.4m $71.2m $65.5m $0
Aircraft held for sale, current portion $0 $7.8m $3.4m
Aircraft held for sale, non-current portion $0 $4.1m $0
Other non-current assets $484k $670k $1.0m $4.4m
Long-term notes payable, current portion $23.6m $26.5m $84.9m $38.9m
Operating lease liabilities, current portion $9.8m $17.9m $15.6m $14.9m
Finance lease liabilities, current portion $0 $1.3m $4.5m
Other current liabilities $21.8m $28.7m $29.9m $36.5m
Short-term notes payable $3.7m $33.3m $12.6m $8.5m
Long-term notes payable, non-current portion $222.3m $166.8m $140.9m $109.7m
Operating lease liabilities, non-current portion $40.7m $68.1m $54.6m $47.5m
Finance lease liabilities, non-current portion $0 $5.7m $19.2m
Warrant liabilities $7.4m $2.3m $2.5m $3.0m $4.4m
Other non-current liabilities $41.5m $16.7m $30.3m $47.1m
Temporary equity, carrying amount $0 $38.9m $28.0m
Total flyExclusive stockholders’ (deficit) / equity ($14.7m) ($13.2m) $46.5m ($234.6m) ($326.8m)
Total stockholders’ (deficit) / equity $70.9m ($210.1m) ($325.6m)
Total assets $226.0m $228.5m $521.0m $538.3m $440.0m
Accounts payable $21.8m $30.2m $20.3m $30.7m
Deferred revenue, current portion $58.0m $83.9m $128.9m $135.9m
Deferred revenue, non-current portion $2.6m $10.0m $20.6m $26.4m
Total current liabilities $357k $4.4m $221.5m $294.8m $269.9m
Total liabilities $15.6m $14.5m $485.7m $550.0m $524.3m
Redeemable noncontrolling interest $0 ($35.5m) $159.5m $213.4m
Accumulated other comprehensive loss ($476k) ($69k) ($56k) $0
Common stock $563 $563 $8k $8k $9k
Additional paid-in capital $0 $0 $127.0m $9.6m $113.6m
Accumulated deficit ($14.7m) ($13.2m) ($80.5m) ($244.2m) ($440.4m)
Noncontrolling interests $52.5m $24.4m $24.5m $1.1m
Total liabilities, temporary equity and stockholders' equity $226.0m $228.5m $521.0m $538.3m $440.0m