FLYX · CIK 0001843973 · FY2025 live · 2025-12-31
FLYEXCLUSIVE INC.
View as
Model
Z″
FY2025
−7.55
Zone
Distress
Prior
—
Market DD
—
1y PD
—
−7.55
Classic Z −1.81
Z″ −7.55 · distress below 1.10, grey to 2.60, safe above.
Z″ factor contributions
X1 Working capital / assets
Short-term liquidity. Carries more weight in Z″ than in classic Z.
−0.446.56 × = −2.92X2 Retained earnings / assets
Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.
−1.003.26 × = −3.26X3 EBIT / assets
Operating return on assets. Highest weight in Z″.
−0.116.72 × = −0.72X4 Book equity / liabilities
Book equity versus the liability stack. Sales / assets is omitted so asset-light names are not punished for turnover.
−0.621.05 × = −0.65
Five-year path
Need two annual 10-Ks to draw a path. The desk will pull this issuer’s filings rather than invent a series.
Overview
rule-v1
FLYEXCLUSIVE INC. is on Z″ at −7.55 (distress) for FY2025, from an SEC 10-K. Retained earnings / assets is the line that sets the print; working capital / assets is the runner-up. This is the first live year on the desk. No market tape loaded. Z″ drops sales/assets so asset-light names are not punished for turnover. X4 is book equity on every name.
Book screen Distress; market PD —. Tape not priced — not a single default call.
Market DD · naive Merton
No market tape yet.
Pull a year of closes (Yahoo, Nasdaq if Yahoo is limited) and size equity from Nasdaq cap or EDGAR shares. Distance-to-default and 1-year PD stay blank until then.
Sector peers
Closest Z″ scores · 9th percentile in Industrials.
- GRPNDistressGroupon, Inc.−7.66
- FTFTDistressFuture FinTech Group Inc.−7.78
- QHDistressQUHUO Ltd−6.81
- ABATDistressAMERICAN BATTERY TECHNOLOGY Co−6.80
- SPWRDistressSunPower Inc.−8.35
- HTCODistressHigh-Trend International Group−6.76
- ALITDistressAlight, Inc. / Delaware−6.53
- ASPSDistressALTISOURCE PORTFOLIO SOLUTIONS S.A.−8.59
KPI widgets
Current assets
$74M
Total assets
$440M
Current liabilities
$270M
Total liabilities
$524M
Working capital
−$196M
Retained earnings
−$440M
EBIT
−$47M
Total sales
$376M
Book equity
−$327M
Accession 0001843973-26-000013. Live rank is the latest 10-K on EDGAR (FY2025, period 2025-12-31). Z″ is the live score. View as does not rewrite the live rank. X4 is book equity. Pulled 12 Sept 2026.