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Side-by-side financial comparison of FLYEXCLUSIVE INC. (FLYX) and ZIPRECRUITER, INC. (ZIP). Click either name above to swap in a different company.

ZIPRECRUITER, INC. is the larger business by last-quarter revenue ($111.7M vs $92.1M, roughly 1.2× FLYEXCLUSIVE INC.). ZIPRECRUITER, INC. runs the higher net margin — -0.7% vs -4.6%, a 3.9% gap on every dollar of revenue. On growth, FLYEXCLUSIVE INC. posted the faster year-over-year revenue change (19.8% vs 0.6%). ZIPRECRUITER, INC. produced more free cash flow last quarter ($7.6M vs $-11.0M). Over the past eight quarters, FLYEXCLUSIVE INC.'s revenue compounded faster (21.9% CAGR vs -4.4%).

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.

FLYX vs ZIP — Head-to-Head

Bigger by revenue
ZIP
ZIP
1.2× larger
ZIP
$111.7M
$92.1M
FLYX
Growing faster (revenue YoY)
FLYX
FLYX
+19.2% gap
FLYX
19.8%
0.6%
ZIP
Higher net margin
ZIP
ZIP
3.9% more per $
ZIP
-0.7%
-4.6%
FLYX
More free cash flow
ZIP
ZIP
$18.6M more FCF
ZIP
$7.6M
$-11.0M
FLYX
Faster 2-yr revenue CAGR
FLYX
FLYX
Annualised
FLYX
21.9%
-4.4%
ZIP

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
FLYX
FLYX
ZIP
ZIP
Revenue
$92.1M
$111.7M
Net Profit
$-4.3M
$-835.0K
Gross Margin
13.7%
89.1%
Operating Margin
-12.3%
3.6%
Net Margin
-4.6%
-0.7%
Revenue YoY
19.8%
0.6%
Net Profit YoY
32.0%
92.3%
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.

Revenue
FLYX
FLYX
ZIP
ZIP
Q4 25
$111.7M
Q3 25
$92.1M
$115.0M
Q2 25
$91.3M
$112.2M
Q1 25
$88.1M
$110.1M
Q4 24
$111.0M
Q3 24
$76.9M
$117.1M
Q2 24
$79.0M
$123.7M
Q1 24
$80.0M
$122.2M
Net Profit
FLYX
FLYX
ZIP
ZIP
Q4 25
$-835.0K
Q3 25
$-4.3M
$-9.8M
Q2 25
$-4.8M
$-9.5M
Q1 25
$-5.4M
$-12.8M
Q4 24
$-10.8M
Q3 24
$-6.3M
$-2.6M
Q2 24
$-5.2M
$7.0M
Q1 24
$-5.8M
$-6.5M
Gross Margin
FLYX
FLYX
ZIP
ZIP
Q4 25
89.1%
Q3 25
13.7%
89.1%
Q2 25
15.0%
89.3%
Q1 25
12.8%
89.4%
Q4 24
89.6%
Q3 24
11.3%
89.4%
Q2 24
7.9%
89.5%
Q1 24
7.2%
89.1%
Operating Margin
FLYX
FLYX
ZIP
ZIP
Q4 25
3.6%
Q3 25
-12.3%
-4.4%
Q2 25
-13.5%
-5.9%
Q1 25
-16.7%
-10.6%
Q4 24
-3.6%
Q3 24
-27.2%
-2.8%
Q2 24
-27.6%
7.6%
Q1 24
-34.3%
-0.7%
Net Margin
FLYX
FLYX
ZIP
ZIP
Q4 25
-0.7%
Q3 25
-4.6%
-8.5%
Q2 25
-5.2%
-8.5%
Q1 25
-6.2%
-11.7%
Q4 24
-9.7%
Q3 24
-8.2%
-2.2%
Q2 24
-6.5%
5.7%
Q1 24
-7.3%
-5.3%
EPS (diluted)
FLYX
FLYX
ZIP
ZIP
Q4 25
$-0.03
Q3 25
$-0.25
$-0.11
Q2 25
$-0.26
$-0.10
Q1 25
$-0.30
$-0.13
Q4 24
$-0.10
Q3 24
$-0.32
$-0.03
Q2 24
$-0.32
$0.07
Q1 24
$-0.35
$-0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FLYX
FLYX
ZIP
ZIP
Cash + ST InvestmentsLiquidity on hand
$18.7M
$188.0M
Total DebtLower is stronger
$123.9M
Stockholders' EquityBook value
$-434.2M
$-77.2M
Total Assets
$448.1M
$569.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLYX
FLYX
ZIP
ZIP
Q4 25
$188.0M
Q3 25
$18.7M
$211.8M
Q2 25
$15.8M
$203.5M
Q1 25
$14.7M
$221.1M
Q4 24
$218.4M
Q3 24
$18.7M
$225.6M
Q2 24
$9.3M
$271.7M
Q1 24
$5.3M
$282.5M
Total Debt
FLYX
FLYX
ZIP
ZIP
Q4 25
Q3 25
$123.9M
Q2 25
$111.6M
Q1 25
$121.6M
Q4 24
Q3 24
$197.9M
Q2 24
$206.3M
Q1 24
$209.4M
Stockholders' Equity
FLYX
FLYX
ZIP
ZIP
Q4 25
$-77.2M
Q3 25
$-434.2M
$-76.1M
Q2 25
$-261.4M
$-65.9M
Q1 25
$-281.5M
$-11.3M
Q4 24
$13.4M
Q3 24
$-192.0M
$13.6M
Q2 24
$-149.7M
$24.4M
Q1 24
$-149.5M
$12.7M
Total Assets
FLYX
FLYX
ZIP
ZIP
Q4 25
$569.7M
Q3 25
$448.1M
$573.6M
Q2 25
$443.4M
$592.4M
Q1 25
$466.8M
$629.4M
Q4 24
$664.1M
Q3 24
$487.1M
$652.0M
Q2 24
$494.7M
$665.3M
Q1 24
$524.1M
$662.4M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FLYX
FLYX
ZIP
ZIP
Operating Cash FlowLast quarter
$-209.0K
$7.7M
Free Cash FlowOCF − Capex
$-11.0M
$7.6M
FCF MarginFCF / Revenue
-12.0%
6.8%
Capex IntensityCapex / Revenue
11.7%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-51.0M
$9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLYX
FLYX
ZIP
ZIP
Q4 25
$7.7M
Q3 25
$-209.0K
$2.6M
Q2 25
$363.0K
$10.5M
Q1 25
$-10.5M
$-9.9M
Q4 24
$12.5M
Q3 24
$-12.3M
$9.3M
Q2 24
$-16.2M
$21.9M
Q1 24
$-26.0M
$2.0M
Free Cash Flow
FLYX
FLYX
ZIP
ZIP
Q4 25
$7.6M
Q3 25
$-11.0M
$2.2M
Q2 25
$353.0K
$10.2M
Q1 25
$-14.6M
$-10.2M
Q4 24
$12.0M
Q3 24
$-25.7M
$9.2M
Q2 24
$-26.6M
$21.7M
Q1 24
$-64.5M
$1.9M
FCF Margin
FLYX
FLYX
ZIP
ZIP
Q4 25
6.8%
Q3 25
-12.0%
1.9%
Q2 25
0.4%
9.1%
Q1 25
-16.5%
-9.3%
Q4 24
10.8%
Q3 24
-33.5%
7.8%
Q2 24
-33.7%
17.6%
Q1 24
-80.6%
1.6%
Capex Intensity
FLYX
FLYX
ZIP
ZIP
Q4 25
0.1%
Q3 25
11.7%
0.3%
Q2 25
0.0%
0.3%
Q1 25
4.7%
0.3%
Q4 24
0.4%
Q3 24
17.5%
0.2%
Q2 24
13.2%
0.1%
Q1 24
48.2%
0.1%
Cash Conversion
FLYX
FLYX
ZIP
ZIP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
3.12×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FLYX
FLYX

Segment breakdown not available.

ZIP
ZIP

License$84.3M75%
Services$27.4M25%

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