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Financials · VJET

Flyte Aviation Inc. (VJET) financials

For the twelve months ended Jun 30, 2026, Flyte Aviation Inc. reported $1.92M of revenue and -$13.01M of net income.

Revenue, TTM
$1.92M
Revenue growth, YoY
+219.2%
Net income, TTM
-$13.01M
Net margin
-679.6%
Free cash flow, TTM
-$9.37M
Cash
$643.0K
P/S
0.63
Market cap
$1.2M
Annual revenue$819.0K
FY2017FY2025
Annual net income-$17.18M
FY2017FY2025
Annual free cash flow-$8.31M
FY2017FY2025

VJET revenue and earnings growth

VJET revenueQ2 2026$1.02M

Quarter YoY
+380.7%
QoQ
+135.9%
FY YoY
+95.0%
5Y CAGR
+25.9%

VJET revenue was $1.02M in fiscal Q2 2026 (ended Jun 30, 2026), up 380.7% from a year earlier and up 135.9% from the prior quarter. For the full fiscal 2025 it was $819.0K, up 95.0% from fiscal 2024. Compound annual growth was +25.9% over 5 years. It rose in 4 of the last 8 fiscal years.

VJET net incomeQ2 2026-$3.29M

VJET net income was -$3.29M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$5.11M a year earlier. For the full fiscal 2025 it was -$17.18M, compared with -$16.64M in fiscal 2024.

VJET free cash flowQ2 2026-$2.88M

VJET free cash flow was -$2.88M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$2.27M a year earlier. For the full fiscal 2025 it was -$8.31M, compared with -$9.34M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Revenue$819.0K$420.0K$442.0K$14.0K$22.0K$259.0K$7.20M$6.26M$5.87M
Cost of revenue$63.0K$42.0K$30.0K$161.0K$1.56M$2.17M$8.85M$4.21M$4.17M
Gross profit$756.0K$378.0K$412.0K-$147.0K-$1.54M-$1.91M-$1.65M$2.05M$1.71M
Research and development$862.0K$272.0K$475.0K$6.39M$12.25M$8.96M$4.53M$2.78M$4.52M
Selling, general and admin$12.07M$11.35M$17.12M$16.25M$15.47M$24.53M$51.55M$30.43M$14.95M
Operating income-$21.14M-$11.24M-$78.12M-$26.96M-$29.27M-$35.40M-$57.73M-$31.16M-$17.76M
Interest expense-----$108.0K$250.0K$14.0K$4.0K
Pre-tax income-$19.50M-$13.50M-$70.57M-$26.86M-$27.26M-$35.31M-$56.94M-$30.82M-$17.76M
Income tax-$1.81M$3.14M$0$3.0K$4.0K$7.0K$15.0K$10.0K$1.0K
Net income-$17.18M-$16.64M-$70.57M-$26.86M-$25.07M-$36.05M-$56.96M-$30.83M-$17.77M
EPS, basic-$15.90-$126.91-$129.88-$25.98-$248.22-$21.22-$108.28-$83.50-$58.75
EPS, diluted----$25.98-$248.22-$21.22-$108.28-$83.50-$58.75
Diluted shares---1.0M101,0001.7M526,000369,200301,800

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Cash and equivalents$88.0K$2.87M$3.56M$15.86M$15.04M$23.91M$14.58M$64.31M$8.24M
Short-term investments$0--------
Receivables$155.0K$70.0K$137.0K$0$21.0K$24.0K$786.0K$1.32M$517.0K
Inventory$86.0K$33.0K$44.0K$0$986.0K$877.0K$2.78M$2.10M$1.20M
Current assets$390.0K$3.29M$4.16M$16.84M$17.09M$27.62M$36.00M$69.23M$10.04M
Goodwill$0-$0$0-----
Total assets$15.86M$27.77M$30.74M$16.84M$21.04M$33.44M$44.08M$74.03M$11.27M
Current liabilities$3.91M$2.23M$2.47M$7.58M$5.39M$7.76M$6.81M$5.95M$2.63M
Short-term debt$0--------
Total debt$3.08M-$184.0K---$558.0K$850.0K-
Total liabilities$9.21M$16.01M$9.54M$7.58M$7.37M$12.29M$10.93M$7.33M$18.88M
Shareholders' equity$7.05M$11.76M$21.19M$9.26M$13.67M$21.15M$33.15M$66.73M-$7.62M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Operating cash flow-$8.30M-$9.27M-$20.62M-$22.57M-$27.63M-$28.30M-$33.17M-$18.51M-$5.52M
Capital expenditures$17.0K$67.0K$76.0K$17.0K$265.0K$67.0K$268.0K$582.0K$547.0K
Free cash flow-$8.31M-$9.34M-$20.70M-$22.59M-$27.89M-$28.37M-$33.44M-$19.09M-$6.07M
Investing cash flow$167.0K-$67.0K-$61.0K$21.0K$3.80M$15.93M-$16.03M-$582.0K-$547.0K
Financing cash flow$5.34M$8.65M$8.39M$23.36M$14.96M$21.69M-$526.0K$75.17M$10.39M
Stock-based compensation$338.0K$54.0K$1.22M$447.0K$2.24M$4.08M$23.54M$14.73M$12.71M
Depreciation and amortization$2.12M$2.11M$2.08M$421.0K$1.56M$2.37M$1.75M--

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Revenue growth, YoY95.0%-5.0%3057.1%-36.4%-91.5%-96.4%15.1%6.6%-
Gross margin92.3%90.0%93.2%-1050.0%-6990.9%-738.6%-22.9%32.8%29.0%
Operating margin-2581.6%-2676.9%-17674.0%-192578.6%-133027.3%-13668.3%-801.9%-498.0%-302.6%
Net margin-2098.0%-3962.6%-15966.5%-191892.9%-113954.5%-13917.0%-791.2%-492.8%-302.6%
Free cash flow margin-1015.0%-2223.3%-4682.1%-161321.4%-126772.7%-10954.1%-464.5%-305.1%-103.4%
Return on equity-243.6%-141.6%-333.0%-290.1%-183.4%-170.4%-171.8%-46.2%-
Return on assets-108.3%-59.9%-229.6%-159.6%-119.1%-107.8%-129.2%-41.6%-157.6%
Current ratio0.101.481.682.223.173.565.2811.643.81
Debt to equity0.44-0.01---0.020.01-

Source: XBRL data Flyte Aviation Inc. files with the SEC, latest filing dated Aug 14, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 1-for-25, first reported Mar 17, 2021.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

VJET peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
VJET$1.92M+219.2%-$13.01M-679.6%$1.2M
SYK$26.30B+7.9%$3.62B13.8%$123.45B
MMM$25.25B+1.7%$3.54B14.0%$97.85B
BSX$21.07B+8.9%$3.50B16.6%$64.78B
BDX$23.25B+17.4%$941.00M4.0%$57.91B
MDLN$30.68B-$683.00M2.2%$53.81B
RMD$5.73B+9.0%$1.59B27.8%$32.93B
DXCM$5.10B+13.0%$991.00M19.4%$29.81B
WST$3.40B+12.6%$638.90M18.8%$28.74B

VJET FAQ

8 questions
  • What is VJET revenue?
    Flyte Aviation Inc. (VJET) reported $1.92M of revenue for the twelve months ended Jun 30, 2026. That is up 219.2% from the year before. Revenue for fiscal 2025 was $819.0K.
  • Is VJET profitable?
    No. Flyte Aviation Inc. reported a net loss of $13.01M for the twelve months ended Jun 30, 2026.
  • How much cash and debt does VJET have?
    Flyte Aviation Inc. reported $643.0K in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is VJET revenue growing?
    Flyte Aviation Inc.'s revenue changed +95.0% in fiscal 2025, to $819.0K. Its compound annual growth rate was +25.9% over 5 years.
  • What is VJET gross margin?
    Flyte Aviation Inc.'s gross profit was $914.0K on $1.92M of revenue for the twelve months ended Jun 30, 2026, a gross margin of 47.7%.
  • What is VJET free cash flow?
    Flyte Aviation Inc. generated -$9.37M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of -$9.35M less capital expenditures.
  • When did VJET last report financial results?
    The latest statements here come from Flyte Aviation Inc.'s 10-Q filed on Aug 14, 2026, covering the period ended Jun 30, 2026.
  • Where does this VJET financial data come from?
    Quantisnow builds these statements from the structured XBRL data Flyte Aviation Inc. files with the SEC. It is provided for information only and is not investment advice.