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Side-by-side financial comparison of FLYEXCLUSIVE INC. (FLYX) and PagerDuty, Inc. (PD). Click either name above to swap in a different company.
PagerDuty, Inc. is the larger business by last-quarter revenue ($124.5M vs $92.1M, roughly 1.4× FLYEXCLUSIVE INC.). PagerDuty, Inc. runs the higher net margin — 129.7% vs -4.6%, a 134.4% gap on every dollar of revenue. On growth, FLYEXCLUSIVE INC. posted the faster year-over-year revenue change (19.8% vs 4.7%). PagerDuty, Inc. produced more free cash flow last quarter ($24.1M vs $-11.0M). Over the past eight quarters, FLYEXCLUSIVE INC.'s revenue compounded faster (21.9% CAGR vs 5.9%).
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.
PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.
FLYX vs PD — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $92.1M | $124.5M |
| Net Profit | $-4.3M | $161.6M |
| Gross Margin | 13.7% | 85.3% |
| Operating Margin | -12.3% | 6.5% |
| Net Margin | -4.6% | 129.7% |
| Revenue YoY | 19.8% | 4.7% |
| Net Profit YoY | 32.0% | 2827.7% |
| EPS (diluted) | $-0.25 | $1.69 |
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.
| Q4 25 | — | $124.5M | ||
| Q3 25 | $92.1M | $123.4M | ||
| Q2 25 | $91.3M | $119.8M | ||
| Q1 25 | $88.1M | $121.4M | ||
| Q4 24 | — | $118.9M | ||
| Q3 24 | $76.9M | $115.9M | ||
| Q2 24 | $79.0M | $111.2M | ||
| Q1 24 | $80.0M | $111.1M |
| Q4 25 | — | $161.6M | ||
| Q3 25 | $-4.3M | $9.6M | ||
| Q2 25 | $-4.8M | $-7.2M | ||
| Q1 25 | $-5.4M | $-8.8M | ||
| Q4 24 | — | $-5.9M | ||
| Q3 24 | $-6.3M | $-10.9M | ||
| Q2 24 | $-5.2M | $-17.1M | ||
| Q1 24 | $-5.8M | $-28.2M |
| Q4 25 | — | 85.3% | ||
| Q3 25 | 13.7% | 84.6% | ||
| Q2 25 | 15.0% | 84.0% | ||
| Q1 25 | 12.8% | 83.6% | ||
| Q4 24 | — | 83.0% | ||
| Q3 24 | 11.3% | 82.7% | ||
| Q2 24 | 7.9% | 82.6% | ||
| Q1 24 | 7.2% | 81.7% |
| Q4 25 | — | 6.5% | ||
| Q3 25 | -12.3% | 2.9% | ||
| Q2 25 | -13.5% | -8.6% | ||
| Q1 25 | -16.7% | -9.6% | ||
| Q4 24 | — | -8.7% | ||
| Q3 24 | -27.2% | -13.8% | ||
| Q2 24 | -27.6% | -19.5% | ||
| Q1 24 | -34.3% | -30.1% |
| Q4 25 | — | 129.7% | ||
| Q3 25 | -4.6% | 7.8% | ||
| Q2 25 | -5.2% | -6.0% | ||
| Q1 25 | -6.2% | -7.2% | ||
| Q4 24 | — | -5.0% | ||
| Q3 24 | -8.2% | -9.4% | ||
| Q2 24 | -6.5% | -15.4% | ||
| Q1 24 | -7.3% | -25.3% |
| Q4 25 | — | $1.69 | ||
| Q3 25 | $-0.25 | $0.10 | ||
| Q2 25 | $-0.26 | $-0.07 | ||
| Q1 25 | $-0.30 | $-0.12 | ||
| Q4 24 | — | $-0.07 | ||
| Q3 24 | $-0.32 | $-0.14 | ||
| Q2 24 | $-0.32 | $-0.26 | ||
| Q1 24 | $-0.35 | $-0.34 |
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 | $547.8M |
| Total DebtLower is stronger | $123.9M | — |
| Stockholders' EquityBook value | $-434.2M | $320.5M |
| Total Assets | $448.1M | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $547.8M | ||
| Q3 25 | $18.7M | $567.9M | ||
| Q2 25 | $15.8M | $597.1M | ||
| Q1 25 | $14.7M | $570.8M | ||
| Q4 24 | — | $542.2M | ||
| Q3 24 | $18.7M | $599.3M | ||
| Q2 24 | $9.3M | $592.8M | ||
| Q1 24 | $5.3M | $571.2M |
| Q4 25 | — | — | ||
| Q3 25 | $123.9M | — | ||
| Q2 25 | $111.6M | — | ||
| Q1 25 | $121.6M | $484.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | $197.9M | — | ||
| Q2 24 | $206.3M | — | ||
| Q1 24 | $209.4M | $489.5M |
| Q4 25 | — | $320.5M | ||
| Q3 25 | $-434.2M | $180.7M | ||
| Q2 25 | $-261.4M | $145.7M | ||
| Q1 25 | $-281.5M | $129.8M | ||
| Q4 24 | — | $111.6M | ||
| Q3 24 | $-192.0M | $164.7M | ||
| Q2 24 | $-149.7M | $174.0M | ||
| Q1 24 | $-149.5M | $171.6M |
| Q4 25 | — | $1.0B | ||
| Q3 25 | $448.1M | $891.5M | ||
| Q2 25 | $443.4M | $926.8M | ||
| Q1 25 | $466.8M | $927.3M | ||
| Q4 24 | — | $866.8M | ||
| Q3 24 | $487.1M | $916.0M | ||
| Q2 24 | $494.7M | $924.0M | ||
| Q1 24 | $524.1M | $925.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.73× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.85× |
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 | $24.8M |
| Free Cash FlowOCF − Capex | $-11.0M | $24.1M |
| FCF MarginFCF / Revenue | -12.0% | 19.3% |
| Capex IntensityCapex / Revenue | 11.7% | 0.6% |
| Cash ConversionOCF / Net Profit | — | 0.15× |
| TTM Free Cash FlowTrailing 4 quarters | $-51.0M | $117.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $24.8M | ||
| Q3 25 | $-209.0K | $34.0M | ||
| Q2 25 | $363.0K | $30.7M | ||
| Q1 25 | $-10.5M | $31.4M | ||
| Q4 24 | — | $22.1M | ||
| Q3 24 | $-12.3M | $35.8M | ||
| Q2 24 | $-16.2M | $28.6M | ||
| Q1 24 | $-26.0M | $22.2M |
| Q4 25 | — | $24.1M | ||
| Q3 25 | $-11.0M | $33.1M | ||
| Q2 25 | $353.0K | $30.2M | ||
| Q1 25 | $-14.6M | $30.3M | ||
| Q4 24 | — | $21.5M | ||
| Q3 24 | $-25.7M | $35.1M | ||
| Q2 24 | $-26.6M | $28.2M | ||
| Q1 24 | $-64.5M | $21.2M |
| Q4 25 | — | 19.3% | ||
| Q3 25 | -12.0% | 26.8% | ||
| Q2 25 | 0.4% | 25.2% | ||
| Q1 25 | -16.5% | 24.9% | ||
| Q4 24 | — | 18.1% | ||
| Q3 24 | -33.5% | 30.3% | ||
| Q2 24 | -33.7% | 25.4% | ||
| Q1 24 | -80.6% | 19.1% |
| Q4 25 | — | 0.6% | ||
| Q3 25 | 11.7% | 0.7% | ||
| Q2 25 | 0.0% | 0.4% | ||
| Q1 25 | 4.7% | 0.9% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | 17.5% | 0.5% | ||
| Q2 24 | 13.2% | 0.4% | ||
| Q1 24 | 48.2% | 0.9% |
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 3.55× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FLYX
Segment breakdown not available.
PD
| US | $88.8M | 71% |
| Non Us | $35.7M | 29% |
