flyExclusive Inc. (Class A) (FLYX) — RQD Stock Rating Cockpit

Per the Roarable RQD rating, FLYX scores 27 out of 100, earning a letter grade of E and the verdict label "Roarable Strong Sell — Forensic Risk / Avoid." The Fundamental Cash Engine pillar scores 5 out of 20, reflecting ROIC of -35% and an FCF yield of -18.65%, which indicates the business is currently not generating cash relative to its capital base or market value. The Whale 13F Flow pillar scores 6 out of 20 for institutional accumulation and options positioning, a weak reading. The Insider Conviction pillar scores 3 out of 20 based on SEC Form 4 and Congressional PTR cluster flow, the lowest pillar in the set and a signal that insiders are not showing conviction. The Macro Regime Fit pillar scores 5 out of 20 with a beta of 1.0 and sector sensitivity noted. The Forensic Balance Sheet pillar scores 8 out of 20, citing an Altman Z of 0.2, a Piotroski F of 4 out of 9, and Debt/Equity of 0.5. For a prospective investor, the pillar profile points to deteriorating cash generation, weak insider signaling, and balance sheet stress as the dominant considerations. Upside drivers would require a visible reversal in cash flow and insider behavior; the rating itself flags forensic risk as the primary concern. Valuation is difficult to assess from the source data because earnings-based multiples are unavailable, so the rating's risk framing rests mainly on cash and balance sheet metrics.

Per the SEC financials, revenue grew from $315.4M in FY 2023 to $375.9M in FY 2025, while operating and net losses persisted across all reported periods. Per the market data, gross margin is 15%, operating margin is -12.6%, and net margin is -4.7%, with ROIC at -35%. The Altman Z-Score of 0.2 and Piotroski F-Score of 4 out of 9 are cited within the Roarable RQD rating's forensic balance sheet pillar. Debt/Equity is 0.5 per the same rating, and the source data does not provide a separate debt figure in the financials table.

Per the recent news section, the feed contains six items, all related to FLYX. Five are tagged as market wire coverage from aggregator sources covering stock price and institutional positioning, with no substantive catalyst detail in their summaries. One headline, "flyExclusive adjusts share issuance in Jet.AI acquisition," references an acquisition-related share issuance, and another, "Jet.AI Announces Final flyExclusive Consideration: flyExclusive to Issue 1,544,575 Additional FLYX Shares," references 1,544,575 additional shares being issued as final consideration. A Seeking Alpha headline reads "flyExclusive Stock: Sell Despite Strong Turnaround." A price-action headline reports the shares slipping 1.72% to $1.14 while testing a lower support zone. The butterfly supply-chain graph reports no supply chain links and no proprietary signals. Risk watch items include the share issuance tied to the acquisition, the sell-side framing in one headline, and the lower support test.

• What are the EPS, P/E, and EV/EBITDA figures, given that these fields are unavailable despite a positive reported revenue base?
• What is the debt amount underlying the Debt/Equity of 0.5 cited in the RQD rating, since the financials table lists debt as N/A for all periods?
• What is the cash position in FY 2023, and how does the FY 2025 FCF of $-24.3M compare with the FY 2024 FCF of $-67.6M in terms of trajectory?
• What are the terms and total share count impact of the Jet.AI acquisition-related issuance?
• What specific insider, 13F, or Congressional transactions drove the Insider Conviction and Whale 13F Flow pillar scores, given that holder data is absent?