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Side-by-side financial comparison of FLYEXCLUSIVE INC. (FLYX) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
Purple Innovation, Inc. is the larger business by last-quarter revenue ($140.7M vs $92.1M, roughly 1.5× FLYEXCLUSIVE INC.). Purple Innovation, Inc. runs the higher net margin — -2.3% vs -4.6%, a 2.3% gap on every dollar of revenue. On growth, FLYEXCLUSIVE INC. posted the faster year-over-year revenue change (19.8% vs 9.1%). Purple Innovation, Inc. produced more free cash flow last quarter ($-7.8M vs $-11.0M). Over the past eight quarters, FLYEXCLUSIVE INC.'s revenue compounded faster (21.9% CAGR vs 8.3%).
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.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
FLYX vs PRPL — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $92.1M | $140.7M |
| Net Profit | $-4.3M | $-3.2M |
| Gross Margin | 13.7% | 41.9% |
| Operating Margin | -12.3% | -1.6% |
| Net Margin | -4.6% | -2.3% |
| Revenue YoY | 19.8% | 9.1% |
| Net Profit YoY | 32.0% | 62.1% |
| EPS (diluted) | $-0.25 | $0.03 |
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 | — | $140.7M | ||
| Q3 25 | $92.1M | $118.8M | ||
| Q2 25 | $91.3M | $105.1M | ||
| Q1 25 | $88.1M | $104.2M | ||
| Q4 24 | — | $129.0M | ||
| Q3 24 | $76.9M | $118.6M | ||
| Q2 24 | $79.0M | $120.3M | ||
| Q1 24 | $80.0M | $120.0M |
| Q4 25 | — | $-3.2M | ||
| Q3 25 | $-4.3M | $-11.7M | ||
| Q2 25 | $-4.8M | $-17.3M | ||
| Q1 25 | $-5.4M | $-19.1M | ||
| Q4 24 | — | $-8.5M | ||
| Q3 24 | $-6.3M | $-39.2M | ||
| Q2 24 | $-5.2M | $27.0K | ||
| Q1 24 | $-5.8M | $-50.2M |
| Q4 25 | — | 41.9% | ||
| Q3 25 | 13.7% | 42.8% | ||
| Q2 25 | 15.0% | 35.9% | ||
| Q1 25 | 12.8% | 39.4% | ||
| Q4 24 | — | 42.9% | ||
| Q3 24 | 11.3% | 29.7% | ||
| Q2 24 | 7.9% | 40.7% | ||
| Q1 24 | 7.2% | 34.8% |
| Q4 25 | — | -1.6% | ||
| Q3 25 | -12.3% | -10.2% | ||
| Q2 25 | -13.5% | -13.5% | ||
| Q1 25 | -16.7% | -13.9% | ||
| Q4 24 | — | -6.0% | ||
| Q3 24 | -27.2% | -39.5% | ||
| Q2 24 | -27.6% | -12.1% | ||
| Q1 24 | -34.3% | -19.3% |
| Q4 25 | — | -2.3% | ||
| Q3 25 | -4.6% | -9.9% | ||
| Q2 25 | -5.2% | -16.5% | ||
| Q1 25 | -6.2% | -18.4% | ||
| Q4 24 | — | -6.6% | ||
| Q3 24 | -8.2% | -33.1% | ||
| Q2 24 | -6.5% | 0.0% | ||
| Q1 24 | -7.3% | -41.8% |
| Q4 25 | — | $0.03 | ||
| Q3 25 | $-0.25 | $0.11 | ||
| Q2 25 | $-0.26 | $0.16 | ||
| Q1 25 | $-0.30 | $0.18 | ||
| Q4 24 | — | $0.08 | ||
| Q3 24 | $-0.32 | $0.36 | ||
| Q2 24 | $-0.32 | $0.00 | ||
| Q1 24 | $-0.35 | $0.47 |
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 | $24.3M |
| Total DebtLower is stronger | $123.9M | $126.7M |
| Stockholders' EquityBook value | $-434.2M | $-29.7M |
| Total Assets | $448.1M | $296.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $24.3M | ||
| Q3 25 | $18.7M | $32.4M | ||
| Q2 25 | $15.8M | $34.2M | ||
| Q1 25 | $14.7M | $21.6M | ||
| Q4 24 | — | $29.0M | ||
| Q3 24 | $18.7M | $23.4M | ||
| Q2 24 | $9.3M | $23.4M | ||
| Q1 24 | $5.3M | $34.5M |
| Q4 25 | — | $126.7M | ||
| Q3 25 | $123.9M | — | ||
| Q2 25 | $111.6M | — | ||
| Q1 25 | $121.6M | — | ||
| Q4 24 | — | $70.7M | ||
| Q3 24 | $197.9M | $50.8M | ||
| Q2 24 | $206.3M | — | ||
| Q1 24 | $209.4M | — |
| Q4 25 | — | $-29.7M | ||
| Q3 25 | $-434.2M | $-26.9M | ||
| Q2 25 | $-261.4M | $-15.6M | ||
| Q1 25 | $-281.5M | $1.3M | ||
| Q4 24 | — | $20.2M | ||
| Q3 24 | $-192.0M | $28.0M | ||
| Q2 24 | $-149.7M | $66.4M | ||
| Q1 24 | $-149.5M | $65.5M |
| Q4 25 | — | $296.3M | ||
| Q3 25 | $448.1M | $302.1M | ||
| Q2 25 | $443.4M | $303.8M | ||
| Q1 25 | $466.8M | $293.8M | ||
| Q4 24 | — | $307.8M | ||
| Q3 24 | $487.1M | $309.3M | ||
| Q2 24 | $494.7M | $362.1M | ||
| Q1 24 | $524.1M | $382.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.50× | ||
| Q3 24 | — | 1.82× | ||
| Q2 24 | — | — | ||
| Q1 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 | $-5.8M |
| Free Cash FlowOCF − Capex | $-11.0M | $-7.8M |
| FCF MarginFCF / Revenue | -12.0% | -5.5% |
| Capex IntensityCapex / Revenue | 11.7% | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-51.0M | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-5.8M | ||
| Q3 25 | $-209.0K | $-968.0K | ||
| Q2 25 | $363.0K | $-4.0M | ||
| Q1 25 | $-10.5M | $-23.1M | ||
| Q4 24 | — | $6.8M | ||
| Q3 24 | $-12.3M | $1.1M | ||
| Q2 24 | $-16.2M | $-8.9M | ||
| Q1 24 | $-26.0M | $-16.8M |
| Q4 25 | — | $-7.8M | ||
| Q3 25 | $-11.0M | $-1.8M | ||
| Q2 25 | $353.0K | $-7.0M | ||
| Q1 25 | $-14.6M | $-25.3M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | $-25.7M | $101.0K | ||
| Q2 24 | $-26.6M | $-11.0M | ||
| Q1 24 | $-64.5M | $-19.9M |
| Q4 25 | — | -5.5% | ||
| Q3 25 | -12.0% | -1.5% | ||
| Q2 25 | 0.4% | -6.6% | ||
| Q1 25 | -16.5% | -24.3% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | -33.5% | 0.1% | ||
| Q2 24 | -33.7% | -9.2% | ||
| Q1 24 | -80.6% | -16.5% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | 11.7% | 0.7% | ||
| Q2 25 | 0.0% | 2.8% | ||
| Q1 25 | 4.7% | 2.2% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | 17.5% | 0.9% | ||
| Q2 24 | 13.2% | 1.7% | ||
| Q1 24 | 48.2% | 2.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -330.22× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FLYX
Segment breakdown not available.
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
