Spirit Aviation Holdings (FLYYQ) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Nov 5, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-K/A for FY2025, filed Apr 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FLYYQ SEC filings page.
This page shows Spirit Aviation Holdings (FLYYQ) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
The numbers show a shrinking business whose losses have eroded equity faster than debt reduction restored financial flexibility.
In FY2024, a net loss of$1.2B was larger than operating cash outflow of$758M , meaning noncash accounting charges or working-capital effects softened the cash impact without producing profitability. By FY2025, assets fell37.5% while liabilities fell only16.4% , so the balance-sheet contraction did not reduce creditor claims proportionally.
The FY2024 revenue decline coincided with operating margin falling 13.3 percentage points, indicating the cost structure did not flex with weaker sales. Net margin reached
FY2025 liabilities equaled
Financial Health Signals
We do not publish a peer-relative financial health score for Spirit Aviation Holdings, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Spirit Aviation Holdings passes 3 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 1 of 2 profitability signals pass, 2 of 3 leverage/liquidity signals pass.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
Spirit Aviation Holdings held $273.0M in cash against $718.9M in long-term debt as of Q4 2025.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
Spirit Aviation Holdings repurchased no shares in Q4 2025. This represents a decrease of 100.0% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q4 2025.
Not reported for Q4 2025.
FLYYQ Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-K | Q4'2410-K | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | $958.5M-19.9% | $1.0B-20.4% | $755.4M-40.3% | $1.2B-11.5% | $1.2B-4.9% | $1.3B-10.6% | $1.3B-6.2% |
| Operating Income | N/A | -$134.9Mn/m | -$184.1Mn/m | -$287.2Mn/m | -$449.1Mn/m | -$296.4Mn/m | -$152.5M-854.6% | -$207.3Mn/m |
| EBITDA | N/A | -$76.9Mn/m | -$121.2Mn/m | -$232.3Mn/m | -$373.7Mn/m | -$212.4Mn/m | -$68.0M-167.5% | -$126.0Mn/m |
| Interest Expense | N/A | $46.3M-14.5% | $62.1M+14.4% | $47.7M-13.0% | $55.8M+18.2% | $54.1M+31.2% | $54.3M+88.0% | $54.8M+5.8% |
| Income Tax | N/A | $1.6Mn/m | -$4.0M-221.1% | $17.9Mn/m | -$19.3Mn/m | -$29.8Mn/m | $3.3M-80.9% | -$14.4Mn/m |
| Net Income | N/A | -$317.5Mn/m | -$245.8Mn/m | $72.2Mn/m | -$585.7Mn/m | -$308.2Mn/m | -$192.9Mn/m | -$142.6Mn/m |
| EPS (Basic) | N/A | -$7.87 | -$7.24 | $0.66 | -$5.35n/m | -$2.81n/m | -$1.76n/m | -$1.30n/m |
| EPS (Diluted) | N/A | -$7.87 | -$7.24 | $0.66 | -$5.35n/m | -$2.81n/m | -$1.76n/m | -$1.30n/m |
| Diluted Shares (Avg) | N/A | 40M | 34M | 110M | N/A | 110M+0.3% | 110M+0.3% | 109M+0.3% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses.
FLYYQ Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-K | Q4'2410-K | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $6.0B-37.5% | $8.8B-7.4% | $8.6B-10.3% | $8.9B-6.5% | $9.6B+1.9% | $9.5B+1.4% | $9.6B+2.0% | $9.5B+2.2% |
| Current Assets | $1.2B-40.9% | $1.1B-12.1% | $1.5B+3.9% | $1.8B+19.6% | $2.1B+39.5% | $1.2B-16.0% | $1.4B-19.6% | $1.5B-22.4% |
| Cash & Equivalents | $273.0M-69.7% | $250.5M-40.9% | $407.5M-43.8% | $487.5M-36.3% | $902.1M+4.3% | $423.5M-48.2% | $724.8M-34.7% | $764.8M-40.6% |
| Short-Term Investments | $0-100.0% | $0-100.0% | $0-100.0% | $119.3M+4.8% | $118.3M+5.2% | $117.1M+5.6% | $115.3M+5.3% | $113.9M+5.1% |
| Accounts Receivable | N/A | N/A | N/A | $201.7M | N/A | N/A | N/A | N/A |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Total Liabilities | $8.1B-16.4% | $8.6B-4.0% | $8.1B-7.5% | $8.2B-4.0% | $9.7B+16.8% | $9.0B+11.7% | $8.7B+10.7% | $8.5B+8.6% |
| Current Liabilities | $1.3B-27.4% | $1.0B-60.2% | $1.5B-3.8% | $1.6B+3.2% | $1.8B+5.8% | $2.5B+58.7% | $1.5B-10.4% | $1.5B-12.8% |
| Non-Current Liabilities | $6.8B-14.0% | $7.6B+18.2% | $6.6B-8.2% | $6.6B-5.5% | $7.9B+19.6% | $6.4B+0.1% | $7.2B+16.5% | $7.0B+14.7% |
| Long-Term Debt | $718.9M-59.2% | $750.2M-62.2% | $2.2B-28.2% | $2.2B-29.7% | $1.8B-42.4% | $2.0B-34.7% | $3.1B+1.4% | $3.2B+0.4% |
| Total Equity | -$2.1Bn/m | $164.5M-67.3% | $479.4M-40.8% | $723.4M-27.8% | -$80.1M-107.1% | $503.7M-61.7% | $809.7M-45.0% | $1.0B-31.8% |
| Retained Earnings | -$2.8Bn/m | -$574.2Mn/m | -$256.8Mn/m | -$10.9Mn/m | -$1.2B-2166.3% | -$587.0M-344.2% | -$278.8M-170.1% | -$85.9M-121.5% |
Not reported in any period shown, so not listed: Inventory, Goodwill.
FLYYQ Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-K | Q4'2410-K | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$50.8Mn/m | -$406.1Mn/m | -$249.7Mn/m | -$223.7Mn/m | -$123.8Mn/m | -$364.3Mn/m | -$133.0Mn/m | -$137.0M-197.3% |
| Depreciation & Amortization | $57.7M-23.4% | $58.0M-30.9% | $62.9M-25.6% | $54.9M-32.6% | $75.4M-5.2% | $84.0M+1.5% | $84.5M+4.9% | $81.3M+4.3% |
| Stock-Based Compensation | N/A | N/A | $1.8M | $1.2M-60.0% | N/A | N/A | N/A | $3.1M-5.9% |
| Investing Cash Flow | $1.9M-96.6% | $262.3M+70.5% | $120.4M-21.4% | $19.0M-80.7% | $57.6M-61.4% | $153.9Mn/m | $153.3Mn/m | $98.8Mn/m |
| Financing Cash Flow | $266.6M-50.9% | $230.8Mn/m | $123.6Mn/m | -$300.6Mn/m | $543.0M+573.5% | -$41.3Mn/m | -$73.3Mn/m | -$48.1Mn/m |
| Share Buybacks | $0-100.0% | $0-100.0% | $0-100.0% | $0-100.0% | $1K-99.9% | $4K-88.2% | $9K+800.0% | $636K-62.0% |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid.
FLYYQ Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-K | Q4'2410-K | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | N/A | -14.1%+10.7pp | -18.1%-6.1pp | -38.0%-21.6pp | -38.4%-22.1pp | -24.8%-9.8pp | -11.9%-13.3pp | -16.4%-8.1pp |
| Net Margin | N/A | -33.1%-7.4pp | -24.1%-9.0pp | 9.6%+20.8pp | -50.1%-36.2pp | -25.8%-13.2pp | -15.1%-14.9pp | -11.3%-3.6pp |
| Return on Equity | N/A | -193.0%-131.8pp | -51.3%-27.4pp | 10.0%+24.2pp | N/A | -61.2%-49.2pp | -23.8%-23.7pp | -14.2%-7.2pp |
| Return on Assets | N/A | -3.6%-0.4pp | -2.9%-0.9pp | 0.8%+2.3pp | -6.1%-4.1pp | -3.3%-1.6pp | -2.0%-2.0pp | -1.5%-0.4pp |
| Current Ratio | 0.97-0.2x | 1.06+0.6x | 1.02+0.1x | 1.13+0.2x | 1.19+0.3x | 0.48-0.4x | 0.94-0.1x | 0.97-0.1x |
| Debt-to-Equity | N/A | 4.56+0.6x | 4.68+0.8x | 3.08-0.1x | N/A | 3.94+1.6x | 3.86+1.8x | 3.17+1.0x |
| Liabilities-to-Equity | N/A | 52.47+34.6x | 16.89+6.1x | 11.32+2.8x | N/A | 17.84+11.7x | 10.81+5.4x | 8.51+3.2x |
| Asset Turnover | N/A | 0.110.0x | 0.120.0x | 0.080.0x | 0.120.0x | 0.130.0x | 0.130.0x | 0.130.0x |
Not reported in any period shown, so not listed: Gross Margin, FCF Margin.
Note: Shareholder equity is negative (-$2.1B), which causes the debt-to-equity, liabilities-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.97), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Spirit Aviation Holdings FLYYQ | FY2025 | N/A | -$2.8M | N/A | $851K | — |
| Premier Air Charter Holdings PREM | FY2025 | $31.9M | -$3.9M | -12.1% | $4.4M | — |
| Global Crssig Arlins New JETMF | FY2025 | $246.3M | -$3.1M | -1.2% | $37.4M | — |
| Harbor Diversified Inc HRBR | FY2025 | $66.7M | $30K | 0.0% | $140.2M | — |
Where Spirit Aviation Holdings Ranks
Frequently Asked Questions
No, Spirit Aviation Holdings (FLYYQ) reported a net loss of $2.8M in fiscal year 2025.
As of fiscal year 2025, Spirit Aviation Holdings (FLYYQ) had $273.0M in cash and equivalents against $718.9M in long-term debt.
Spirit Aviation Holdings (FLYYQ) had $6.0B in total assets as of fiscal year 2025, including both current and long-term assets.
Spirit Aviation Holdings (FLYYQ) had a current ratio of 0.97 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
Spirit Aviation Holdings (FLYYQ) had a return on assets of -0.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Spirit Aviation Holdings (FLYYQ) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $851K as of Nov 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Spirit Aviation Holdings (FLYYQ) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $851K as of Nov 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Spirit Aviation Holdings (FLYYQ) has negative shareholder equity of -$2.1B as of fiscal year 2025, so no debt-to-equity or liabilities-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
Spirit Aviation Holdings (FLYYQ) has a Piotroski F-Score of 3 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.