Republic Airways Holdings Inc. (RJET) 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 Sep 14, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Jul 31, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the RJET SEC filings page.
Republic Airways Holdings Inc. (RJET) reported $2.0B in revenue over the twelve months to Jun 30, 2026, up 93.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 10 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).
Fleet investment is outpacing internally generated cash, leaving growth dependent on a more leveraged balance-sheet posture
Earnings quality is mixed in a specific way: FY2025 operating cash flow reached$322M against net income of$76.2M , but capital expenditures of$396.9M pushed free cash flow to-$74.9M . The business therefore converts reported profit into cash before reinvestment, yet its current expansion absorbs more cash than operations produce.
FY2025 revenue increased
Total assets expanded
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Republic Airways Holdings Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Republic Airways Holdings Inc. has an operating margin of 10.0%, meaning the company retains $10 of operating profit per $100 of revenue. This results in a moderate score of 48/100, indicating healthy but not exceptional operating efficiency. This is up from 9.3% the prior year.
Republic Airways Holdings Inc.'s revenue grew 13.7% year-over-year to $1.7B, a solid pace of expansion. This earns a growth score of 61/100.
Republic Airways Holdings Inc. has elevated debt relative to equity (D/E of 0.66), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 25/100, reflecting increased financial risk.
Republic Airways Holdings Inc.'s current ratio of 0.94 is below the typical benchmark, resulting in a score of 16/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While Republic Airways Holdings Inc. generated $322.0M in operating cash flow, capex of $396.9M consumed most of it, leaving -$74.9M in free cash flow. This results in a low score of 19/100, reflecting heavy capital investment rather than weak cash generation.
Republic Airways Holdings Inc.'s ROE of 5.7% shows moderate profitability relative to equity, earning a score of 50/100. This is down from 5.8% the prior year.
Republic Airways Holdings Inc. scores 1.23, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Republic Airways Holdings Inc. passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Republic Airways Holdings Inc. generates $4.23 in operating cash flow ($322.0M OCF vs $76.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Republic Airways Holdings Inc. earns $2.78 in operating income for every $1 of interest expense ($168.3M vs $60.6M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Republic Airways Holdings Inc. generated $571.1M in revenue in Q2 2026. This represents an increase of 40.8% from the same quarter a year earlier. Against the prior quarter it is up 8.3%.
Republic Airways Holdings Inc.'s EBITDA was $93.9M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 10.1% from the same quarter a year earlier. Against the prior quarter it is up 5.9%.
Republic Airways Holdings Inc. reported $31.2M in net income in Q2 2026. This represents a decrease of 16.6% from the same quarter a year earlier. Against the prior quarter it is up 16.0%.
Republic Airways Holdings Inc. earned $0.68 per diluted share (EPS) in Q2 2026. This represents a decrease of 27.7% from the same quarter a year earlier. Against the prior quarter it is up 17.2%.
Cash & Balance Sheet
Republic Airways Holdings Inc. generated $28.8M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 118.4% from the same quarter a year earlier. Against the prior quarter it is up 181.6%.
Republic Airways Holdings Inc. held $115.7M in cash against $875.7M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Republic Airways Holdings Inc.'s operating margin was 10.3% in Q2 2026, reflecting core business profitability. This is down 3.1 percentage points from the same quarter a year earlier. It is unchanged from the prior quarter.
Republic Airways Holdings Inc.'s net profit margin was 5.5% in Q2 2026, showing the share of revenue converted to profit. This is down 3.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.4 percentage points.
Republic Airways Holdings Inc.'s ROE was 2.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.3 percentage points.
Not reported for Q2 2026.
Capital Allocation
Republic Airways Holdings Inc. invested $20.5M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 86.1% from the same quarter a year earlier. Against the prior quarter it is down 78.0%.
Not reported for Q2 2026.
Not reported for Q2 2026.
RJET 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $571.1M+40.8% | $527.4M+33.6% | $785.4M+660.8% | $90.7M-21.3% | $405.6M+266.1% | $394.8M+200.0% | $103.2M-13.1% | $115.3M-89.3% |
| SG&A Expenses | $241.4M+1983.7% | $231.2M+1913.2% | $728.6M+7554.4% | $10.9M-4.2% | $11.6M+19.2% | $11.5M+3.2% | $9.5M-20.7% | $11.4M-4.1% |
| Operating Income | $58.7M+7.9% | $54.2M+2.5% | $70.2M+163.3% | -$9.2M+46.1% | $54.4M+702.6% | $52.9M+354.4% | -$110.8M-115.5% | -$17.0M-106.7% |
| EBITDA | $93.9M+10.1% | $88.7M+6.2% | $132.7M+229.1% | -$6.9M+29.7% | $85.3M+12033.7% | $83.5M+289.0% | -$102.8M-169.8% | -$9.8M-102.7% |
| Interest Expense | $16.8M+13.5% | $16.8M+17.5% | $28.7M+305.9% | $2.8M-62.9% | $14.8M+63.9% | $14.3M+34.4% | $7.1M-36.7% | $7.6M-44.4% |
| Income Tax | $12.2M-8.3% | $10.7M+12.6% | $11.9M+373.1% | $2.5M+546.1% | $13.3M+1742.0% | $9.5M+13094.4% | -$4.3M-602.7% | $393K-98.9% |
| Net Income | $31.2M-16.6% | $26.9M-0.7% | $25.8M+123.1% | -$14.1M+43.3% | $37.4M+287.9% | $27.1M+132.4% | -$111.9M-93.5% | -$24.9M-112.8% |
| EPS (Basic) | $0.68-29.2% | $0.59-14.5% | $3.15+216.2% | -$0.34+43.3% | $0.96+300.0% | $0.69+146.4% | -$2.71-92.2% | -$0.60+13.0% |
| EPS (Diluted) | $0.68-27.7% | $0.58-14.7% | $3.12 | -$0.34+43.3% | $0.94+295.8% | $0.68+142.9% | -$2.71-92.2% | -$0.60+13.0% |
| Diluted Shares (Avg) | 46M+15.7% | 46M+15.7% | N/A | 42M+1.3% | 40M-3.2% | 40M-3.1% | 41M+1.0% | 41M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
RJET 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.3B+1722.8% | $3.3B+1418.9% | $3.3B+18.4% | $158.9M-73.4% | $178.6M-73.1% | $215.0M-69.6% | $2.8B+256.8% | $596.9M-33.6% |
| Current Assets | $535.1M+301.0% | $486.5M+197.4% | $540.7M+19.3% | $114.6M+87.1% | $133.4M+57.2% | $163.6M+66.2% | $453.3M+201.6% | $61.3M-55.8% |
| Cash & Equivalents | $115.7M+172.4% | $111.3M+105.7% | $134.3M+21.5% | $38.7M+148.0% | $42.5M+160.5% | $54.1M+192.1% | $110.5M+587.7% | $15.6M-52.6% |
| Short-Term Investments | $161.9M | $162.1M | $162.2M-15.3% | $0 | $0 | $0 | $191.5M | $0 |
| Inventory | $99.1M | $95.3M | $88.5M+40.5% | N/A | N/A | N/A | $63.0M | N/A |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $109.9M | $122.5M | $122.5M+5733.3% | N/A | N/A | N/A | $2.1M0.0% | N/A |
| Total Liabilities | $1.9B+287.7% | $1.9B+307.4% | $1.9B+18.0% | $211.6M-56.5% | -$996.4M-288.2% | -$922.6M-267.3% | $1.7B+711.1% | $486.6M-30.3% |
| Current Liabilities | $520.4M+198.0% | $520.2M+157.5% | $574.3M+17.4% | $170.0M-2.6% | $174.6M-6.9% | $202.0M+2.7% | $489.1M+92.6% | $174.5M-34.9% |
| Non-Current Liabilities | $1.3B+2878.4% | $1.4B+1749.6% | $1.4B+938.8% | $41.6M-86.7% | $45.3M-86.7% | $75.3M-78.8% | $132.2M-65.1% | $312.2M-27.5% |
| Long-Term Debt | $875.7M+3000.4% | $909.2M+2772.5% | $882.9M+953.8% | $27.0M-89.6% | $28.2M-90.2% | $31.7M-89.4% | $83.8M-73.4% | $259.8M-28.8% |
| Total Equity | $1.4B+18.0% | $1.4B+18.8% | $1.3B+19.6% | -$52.6M-147.7% | $1.2B+771.1% | $1.1B+635.5% | $1.1B+6.2% | $110.2M-44.9% |
| Retained Earnings | $763.2M+342.7% | $735.4M+319.3% | $708.5M+12.0% | -$326.0M-101.1% | -$314.5M-129.2% | -$335.3M-185.8% | $632.5M+590.4% | -$162.1M-128.0% |
Not reported in any period shown, so not listed: Accounts Receivable.
RJET 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $49.3M+624.7% | $57.8M+7.4% | $356.6M+3184.6% | -$176.6M | -$9.4M-183.8% | $53.8M+231.5% | -$11.6M-47.4% | N/A |
| Depreciation & Amortization | $35.2M+13.9% | $34.5M+12.7% | $62.5M+683.8% | $2.3M-68.6% | $30.9M+217.6% | $30.6M+211.5% | $8.0M-40.0% | $7.2M-93.7% |
| Stock-Based Compensation | N/A | N/A | N/A | $200K0.0% | $300K+50.0% | $300K-25.0% | $279K-34.7% | $200K |
| Capital Expenditures | $20.5M-86.1% | $93.1M+136.9% | $391.9M+18877.1% | -$181.7M | $147.4M+3866.6% | $39.3M+523.0% | $2.1M-70.0% | N/A |
| Free Cash Flow | $28.8M+118.4% | -$35.3M-343.4% | -$35.3M-158.8% | -$358.3M | -$156.8M-2192.8% | $14.5M+46.2% | -$13.6M+7.5% | N/A |
| Investing Cash Flow | $1.8M-88.5% | -$92.0M-121.2% | -$446.4M-485.3% | $295.3M | $15.7M-14.8% | -$41.6M-186.8% | $115.8M+148.5% | N/A |
| Financing Cash Flow | -$46.7M-160.4% | $10.0M+127.9% | $116.7M+246.1% | -$104.7M | -$17.9M+43.7% | -$35.9M+41.9% | -$79.9M-43.7% | N/A |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
RJET 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 10.3%-3.1pp | 10.3%-3.1pp | 8.9% | -10.1%+4.7pp | 13.4%+21.6pp | 13.4%+4.6pp | -107.3% | -14.8%-38.4pp |
| Net Margin | 5.5%-3.8pp | 5.1%-1.8pp | 3.3% | -15.6%+6.0pp | 9.2%+27.2pp | 6.9%-2.0pp | -108.4% | -21.6%-39.8pp |
| Return on Equity | 2.3%-0.9pp | 2.0%-0.4pp | 1.9%+12.0pp | N/A | 3.2%+17.9pp | 2.4%-5.2pp | -10.1%-4.5pp | -22.6%-120.3pp |
| Return on Assets | 1.0%-20.0pp | 0.8%-11.8pp | 0.8%+4.8pp | -8.9%-4.7pp | 20.9%+23.9pp | 12.6%+11.0pp | -4.0%+3.4pp | -4.2%-25.9pp |
| Current Ratio | 1.03+0.3x | 0.94+0.1x | 0.940.0x | 0.67+0.3x | 0.76+0.3x | 0.81+0.3x | 0.93+0.3x | 0.35-0.2x |
| Debt-to-Equity | 0.63+0.6x | 0.67+0.6x | 0.66+0.6x | N/A | 0.02-2.1x | 0.03-1.9x | 0.08-0.2x | 2.36+0.5x |
| Asset Turnover | 0.18-2.1x | 0.16-1.7x | 0.24+0.2x | 0.57+0.4x | 2.27+2.1x | 1.84+1.7x | 0.04-0.1x | 0.19-1.0x |
| FCF Margin | 5.0%+43.7pp | -6.7%-10.4pp | -4.5%+8.7pp | -395.1% | -38.7%-45.4pp | 3.7%-3.9pp | -13.2%-0.8pp | N/A |
Not reported in any period shown, so not listed: Gross Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Note: The current ratio is below 1.0 (0.94), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where Republic Airways Holdings Inc. Ranks
Frequently Asked Questions
What is Republic Airways Holdings Inc.'s annual revenue?
Republic Airways Holdings Inc. (RJET) reported $1.7B in total revenue for fiscal year 2025. This represents a 13.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Republic Airways Holdings Inc.'s revenue growing?
Republic Airways Holdings Inc. (RJET) revenue grew by 13.7% year-over-year, from $1.5B to $1.7B in fiscal year 2025.
Is Republic Airways Holdings Inc. profitable?
Yes, Republic Airways Holdings Inc. (RJET) reported a net income of $76.2M in fiscal year 2025, with a net profit margin of 4.5%.
What is Republic Airways Holdings Inc.'s EBITDA?
Republic Airways Holdings Inc. (RJET) had EBITDA of $294.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Republic Airways Holdings Inc. have?
As of fiscal year 2025, Republic Airways Holdings Inc. (RJET) had $134.3M in cash and equivalents against $882.9M in long-term debt.
What is Republic Airways Holdings Inc.'s operating margin?
Republic Airways Holdings Inc. (RJET) had an operating margin of 10.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Republic Airways Holdings Inc.'s net profit margin?
Republic Airways Holdings Inc. (RJET) had a net profit margin of 4.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Republic Airways Holdings Inc.'s return on equity (ROE)?
Republic Airways Holdings Inc. (RJET) has a return on equity of 5.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Republic Airways Holdings Inc.'s free cash flow?
Republic Airways Holdings Inc. (RJET) recorded an outflow of $74.9M in free cash flow during fiscal year 2025. This represents a -12383.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Republic Airways Holdings Inc.'s operating cash flow?
Republic Airways Holdings Inc. (RJET) generated $322.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Republic Airways Holdings Inc.'s total assets?
Republic Airways Holdings Inc. (RJET) had $3.3B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Republic Airways Holdings Inc.'s capital expenditures?
Republic Airways Holdings Inc. (RJET) invested $396.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Republic Airways Holdings Inc.'s current ratio?
Republic Airways Holdings Inc. (RJET) had a current ratio of 0.94 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Republic Airways Holdings Inc.'s debt-to-equity ratio?
Republic Airways Holdings Inc. (RJET) had a debt-to-equity ratio of 0.66 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Republic Airways Holdings Inc.'s return on assets (ROA)?
Republic Airways Holdings Inc. (RJET) had a return on assets of 2.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Republic Airways Holdings Inc.'s P/E ratio?
Republic Airways Holdings Inc. (RJET) trades at 11.8x earnings, its market capitalization divided by net income of $69.8M net income, trailing 12 months to June 30, 2026. The market capitalization is $825.9M as of Sep 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Republic Airways Holdings Inc.'s price-to-sales ratio?
Republic Airways Holdings Inc. (RJET) trades at 0.4x sales, its market capitalization divided by revenue of $2.0B revenue, trailing 12 months to June 30, 2026. The market capitalization is $825.9M as of Sep 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Republic Airways Holdings Inc.'s Altman Z-Score?
Republic Airways Holdings Inc. (RJET) has an Altman Z-Score of 1.23, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Republic Airways Holdings Inc.'s Piotroski F-Score?
Republic Airways Holdings Inc. (RJET) has a Piotroski F-Score of 4 out of 7 computable signals; 2 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.
Are Republic Airways Holdings Inc.'s earnings high quality?
Republic Airways Holdings Inc. (RJET) has an earnings quality ratio of 4.23x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Republic Airways Holdings Inc. cover its interest payments?
Republic Airways Holdings Inc. (RJET) has an interest coverage ratio of 2.78x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Republic Airways Holdings Inc.?
Republic Airways Holdings Inc. (RJET) scores 37 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.