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Side-by-side financial comparison of FLYEXCLUSIVE INC. (FLYX) and indie Semiconductor, Inc. (INDI). Click either name above to swap in a different company.
FLYEXCLUSIVE INC. is the larger business by last-quarter revenue ($92.1M vs $55.5M, roughly 1.7× indie Semiconductor, Inc.). On growth, FLYEXCLUSIVE INC. posted the faster year-over-year revenue change (19.8% vs 2.6%). Over the past eight quarters, FLYEXCLUSIVE INC.'s revenue compounded faster (21.9% CAGR vs 2.9%).
FLYEXCLUSIVE INC. is a U.S.-headquartered private aviation services provider that offers private jet charter, aircraft management, maintenance repair, and fractional ownership programs. It primarily serves high-net-worth individuals, corporate clients, and government entities across North America, delivering personalized on-demand air travel solutions prioritizing safety and convenience.
indie Semiconductor is a fabless semiconductor manufacturer focused on designing high-performance mixed-signal and embedded system-on-chip solutions for the automotive industry. Its products support advanced driver assistance systems, in-vehicle infotainment, connected car, and electric vehicle applications, serving global auto OEMs and tier 1 suppliers across major global markets.
FLYX vs INDI — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $92.1M | $55.5M |
| Net Profit | $-4.3M | — |
| Gross Margin | 13.7% | 38.0% |
| Operating Margin | -12.3% | -70.1% |
| Net Margin | -4.6% | — |
| Revenue YoY | 19.8% | 2.6% |
| Net Profit YoY | 32.0% | — |
| EPS (diluted) | $-0.25 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $55.5M | ||
| Q4 25 | — | $58.0M | ||
| Q3 25 | $92.1M | $53.7M | ||
| Q2 25 | $91.3M | $51.6M | ||
| Q1 25 | $88.1M | $54.1M | ||
| Q4 24 | — | $58.0M | ||
| Q3 24 | $76.9M | $54.0M | ||
| Q2 24 | $79.0M | $52.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-31.2M | ||
| Q3 25 | $-4.3M | $-38.3M | ||
| Q2 25 | $-4.8M | $-39.0M | ||
| Q1 25 | $-5.4M | $-34.5M | ||
| Q4 24 | — | $-34.4M | ||
| Q3 24 | $-6.3M | $-49.7M | ||
| Q2 24 | $-5.2M | $-19.2M |
| Q1 26 | — | 38.0% | ||
| Q4 25 | — | 37.3% | ||
| Q3 25 | 13.7% | 40.1% | ||
| Q2 25 | 15.0% | 40.6% | ||
| Q1 25 | 12.8% | 41.7% | ||
| Q4 24 | — | 42.6% | ||
| Q3 24 | 11.3% | 39.3% | ||
| Q2 24 | 7.9% | 42.2% |
| Q1 26 | — | -70.1% | ||
| Q4 25 | — | -58.5% | ||
| Q3 25 | -12.3% | -71.4% | ||
| Q2 25 | -13.5% | -83.3% | ||
| Q1 25 | -16.7% | -72.0% | ||
| Q4 24 | — | -58.4% | ||
| Q3 24 | -27.2% | -92.5% | ||
| Q2 24 | -27.6% | -70.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | -53.8% | ||
| Q3 25 | -4.6% | -71.3% | ||
| Q2 25 | -5.2% | -75.6% | ||
| Q1 25 | -6.2% | -63.9% | ||
| Q4 24 | — | -59.2% | ||
| Q3 24 | -8.2% | -92.1% | ||
| Q2 24 | -6.5% | -36.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | $-0.16 | ||
| Q3 25 | $-0.25 | $-0.19 | ||
| Q2 25 | $-0.26 | $-0.20 | ||
| Q1 25 | $-0.30 | $-0.18 | ||
| Q4 24 | — | $-0.18 | ||
| Q3 24 | $-0.32 | $-0.28 | ||
| Q2 24 | $-0.32 | $-0.11 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $18.7M | $174.4M |
| Total DebtLower is stronger | $123.9M | $402.8M |
| Stockholders' EquityBook value | $-434.2M | $348.9M |
| Total Assets | $448.1M | $869.6M |
| Debt / EquityLower = less leverage | — | 1.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $174.4M | ||
| Q4 25 | — | $145.5M | ||
| Q3 25 | $18.7M | $160.9M | ||
| Q2 25 | $15.8M | $192.6M | ||
| Q1 25 | $14.7M | $236.6M | ||
| Q4 24 | — | $274.2M | ||
| Q3 24 | $18.7M | $96.9M | ||
| Q2 24 | $9.3M | $112.3M |
| Q1 26 | — | $402.8M | ||
| Q4 25 | — | $353.4M | ||
| Q3 25 | $123.9M | $353.5M | ||
| Q2 25 | $111.6M | $352.5M | ||
| Q1 25 | $121.6M | $379.0M | ||
| Q4 24 | — | $381.3M | ||
| Q3 24 | $197.9M | — | ||
| Q2 24 | $206.3M | — |
| Q1 26 | — | $348.9M | ||
| Q4 25 | — | $358.0M | ||
| Q3 25 | $-434.2M | $369.2M | ||
| Q2 25 | $-261.4M | $390.4M | ||
| Q1 25 | $-281.5M | $405.6M | ||
| Q4 24 | — | $417.9M | ||
| Q3 24 | $-192.0M | $458.6M | ||
| Q2 24 | $-149.7M | $470.7M |
| Q1 26 | — | $869.6M | ||
| Q4 25 | — | $840.8M | ||
| Q3 25 | $448.1M | $855.1M | ||
| Q2 25 | $443.4M | $867.6M | ||
| Q1 25 | $466.8M | $909.0M | ||
| Q4 24 | — | $941.4M | ||
| Q3 24 | $487.1M | $797.5M | ||
| Q2 24 | $494.7M | $797.3M |
| Q1 26 | — | 1.15× | ||
| Q4 25 | — | 0.99× | ||
| Q3 25 | — | 0.96× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.93× | ||
| Q4 24 | — | 0.91× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-209.0K | — |
| Free Cash FlowOCF − Capex | $-11.0M | — |
| FCF MarginFCF / Revenue | -12.0% | — |
| Capex IntensityCapex / Revenue | 11.7% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-51.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $-14.4M | ||
| Q3 25 | $-209.0K | $-6.2M | ||
| Q2 25 | $363.0K | $-7.6M | ||
| Q1 25 | $-10.5M | $-29.0M | ||
| Q4 24 | — | $-6.7M | ||
| Q3 24 | $-12.3M | $-22.8M | ||
| Q2 24 | $-16.2M | $-19.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-16.1M | ||
| Q3 25 | $-11.0M | $-10.3M | ||
| Q2 25 | $353.0K | $-13.6M | ||
| Q1 25 | $-14.6M | $-31.4M | ||
| Q4 24 | — | $-8.6M | ||
| Q3 24 | $-25.7M | $-29.3M | ||
| Q2 24 | $-26.6M | $-23.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | -27.8% | ||
| Q3 25 | -12.0% | -19.2% | ||
| Q2 25 | 0.4% | -26.4% | ||
| Q1 25 | -16.5% | -58.0% | ||
| Q4 24 | — | -14.8% | ||
| Q3 24 | -33.5% | -54.3% | ||
| Q2 24 | -33.7% | -44.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.0% | ||
| Q3 25 | 11.7% | 7.8% | ||
| Q2 25 | 0.0% | 11.6% | ||
| Q1 25 | 4.7% | 4.4% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | 17.5% | 12.1% | ||
| Q2 24 | 13.2% | 7.0% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FLYX
Segment breakdown not available.
INDI
| Product revenue | $51.6M | 93% |
| Contract revenue | $3.9M | 7% |
