EG Acquisition Corp. (FLYXWT) Financial Statements (2026 and earlier)

Company Profile

Business Address 2860 JETPORT ROAD
KINSTON, NC 28504
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 4522 - Air Transportation, Nonscheduled (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments31,69411,62688319
Cash and cash equivalent31,69411,62688319
Receivables7,1404,460  
Inventory, net of allowances, customer advances and progress billings5,6585,142  
Inventory5,6585,142  
Prepaid expense690446192464
Capitalized contract cost923514  
Deferred costs923514  
Disposal group, including discontinued operation7,786   
Financing receivable, excluding accrued interest, after allowance for credit loss✕✕301  
Other undisclosed current assets89,15593,790  
Total current assets:143,969116,793280783
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization15,680   
Operating lease, right-of-use asset68,97084,649  
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization259,874253,976  
Long-term investments and receivables   228,254225,009
Long-term investments   228,254225,009
Intangible asset, including goodwill, after accumulated amortization 1,6002,234  
Intangible asset, excluding goodwill, after accumulated amortization 1,6002,234  
Prepaid expense    180
Capitalized contract cost, net965631  
Disposal group, including discontinued operation, noncurrent assets 4,085   
Other noncurrent assets1,004670  
Financing receivable, excluding accrued interest, after allowance for credit loss✕✕21,177  
Other undisclosed noncurrent assets42,14340,900  
Total noncurrent assets:394,321404,237228,254225,189
TOTAL ASSETS:538,290521,030228,534225,972
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:  2,409 
Accounts payable    
Accrued liabilities   601 
Other undisclosed accounts payable and accrued liabilities   1,808 
Deferred revenue128,90583,914  
Debt92,12740,8671,150 
Other liabilities29,94428,705  
Due to related parties✕✕✕19272
Other undisclosed current liabilities43,77768,050601285
Total current liabilities:294,753221,5364,352357
Noncurrent Liabilities
Long-term debt and lease obligation5,708166,818  
Long-term debt, excluding current maturities  166,818  
Finance lease, liability5,708   
Liabilities, other than long-term debt108,57997,346  
Deferred revenue20,61210,026  
Other liabilities30,34216,712  
Operating lease, liability54,61168,100  
Derivative instruments and hedges, liabilities3,0142,508  
Other undisclosed noncurrent liabilities140,922 10,15915,259
Total noncurrent liabilities:255,209264,16410,15915,259
Total liabilities:549,962485,70014,51115,616
Temporary equity, including noncontrolling interest159,514(35,525)  
Equity
Equity, attributable to parent, including:(234,607)46,461(13,233)(14,653)
Additional paid in capital9,618126,978  
Accumulated other comprehensive loss (56)(69)  
Accumulated deficit(244,177)(80,456)(13,233)(14,653)
Other undisclosed equity, attributable to parent8811
Equity, attributable to noncontrolling interest24,54924,394  
Other undisclosed equity   227,256225,009
Total equity:(210,058)70,855214,023210,356
Other undisclosed liabilities and equity38,872   
TOTAL LIABILITIES AND EQUITY:538,290521,030228,534225,972

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
Revenues327,274315,362  
Cost of revenue(290,212)(264,176)  
Gross profit:37,06251,186  
Operating expenses(91,337)(75,430) (208)
Other undisclosed operating loss(28,504)(26,982)(4,078)(793)
Operating loss:(82,779)(51,226)(4,078)(1,001)
Nonoperating income (expense)(18,675)(3,512)8,3453,148
Investment income, nonoperating4,3134,6293,2459
Other nonoperating income (expense)(338)(111)  
Interest and debt expense(21,183)14,843  
Income (loss) from continuing operations before equity method investments, income taxes:(122,637)(39,895)4,2682,146
Other undisclosed income (loss) from continuing operations before income taxes21,183(14,843)  
Income (loss) from continuing operations before income taxes:(101,454)(54,738)4,2682,146
Income tax expense(41) (601) 
Income (loss) from continuing operations:(101,495)(54,738)3,6672,146
Income before gain (loss) on sale of properties:✕✕✕✕2,146
Net income (loss):(101,495)(54,738)3,6672,146
Net income (loss) attributable to noncontrolling interest7,0378,983  
Other undisclosed net income (loss) attributable to parent73,384(1,080)  
Net income (loss) attributable to parent:(21,074)(46,835)3,6672,146
Other undisclosed net loss available to common stockholders, basic(4,491)   
Net income (loss) available to common stockholders, diluted:(25,565)(46,835)3,6672,146

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
Net income (loss):(101,495)(54,738)3,6672,146
Net income attributable to redeemable noncontrolling interest73,384✕✕✕
Comprehensive income (loss):(101,495)(54,738)3,6672,146
Comprehensive income (loss), net of tax, attributable to noncontrolling interest7,0378,983  
Other undisclosed comprehensive income (loss), net of tax, attributable to parent73,397(673)  
Comprehensive income (loss), net of tax, attributable to parent:(21,061)(46,428)3,6672,146

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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