NASDAQ : RJET

Republic Airways Holdings Inc. — Financial statements

Industrials · Airlines · United States

Last price 19.97 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 934.99M

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Financial statements

Republic Airways Holdings Inc. (RJET) reported revenue of 2.12B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.

Income statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2015
Operating Revenue2.12B1.68B1.47B1.43B1.33B1.32B
Other Revenue23.70M
Revenue2.12B1.68B1.47B1.43B1.33B1.34B
Cost of Revenue1.40B1.08B992.00M946.20M838.00M852.50M
Gross Profit717.60M592.30M482.00M482.90M489.20M491.50M
Selling, General & Admin19.30M
Other Operating Expenses324.20M250.60M224.80M187.90M207.20M194.80M
Operating Expenses462.30M376.90M341.80M347.30M356.90M402.00M
Operating Income255.30M215.40M140.20M135.60M132.30M89.50M
Interest Expense-67.60M-60.60M-57.70M-49.10M-40.60M-121.20M
Interest & Investment Income1.20M
Other Non Operating Income (Expenses)-1.50M1.60M
EBT Excluding Unusual Items187.70M156.00M82.50M86.50M90.20M-30.10M
Gain (Loss) on Sale of Investments4.50M4.50M7.60M1.80M
Asset Writedown-4.70M
Other Unusual Items-45.10M-47.10M-3.20M-300.00K
Pretax Income147.10M113.40M86.90M88.00M90.20M-34.80M
Income Tax Expense49.40M37.20M22.30M33.20M22.40M-7.70M
Earnings From Continuing Operations97.70M76.20M64.60M54.80M67.80M-27.10M
Net Income to Company97.70M76.20M64.60M54.80M67.80M-27.10M
Net Income97.70M76.20M64.60M54.80M67.80M-27.10M
Net Income to Common97.70M76.20M64.60M54.80M67.80M-27.10M
Shares Outstanding (Basic)44.83M40.02M39.10M39.08M50.70M
Shares Outstanding (Diluted)45.29M40.66M39.76M39.65M50.70M
EPS (Basic)2.181.901.651.40-0.53
EPS (Diluted)2.161.871.621.38-0.54
Free Cash Flow48.80M-74.90M-600.00K-48.90M3.70M-290.80M
Free Cash Flow Per Share1.08-1.84-0.01-1.23-5.74
Gross Margin33.91%35.33%32.70%33.79%36.86%36.57%
Operating Margin12.06%12.85%9.51%9.49%9.97%6.66%
Profit Margin4.62%4.54%4.38%3.84%5.11%-2.02%
Free Cash Flow Margin2.31%-4.47%-0.04%-3.42%0.28%-21.64%
EBITDA393.40M341.70M257.20M295.00M282.00M296.90M
EBITDA Margin18.59%20.38%17.45%20.64%21.25%22.09%
D&A For EBITDA138.10M126.30M117.00M159.40M149.70M207.40M
EBIT255.30M215.40M140.20M135.60M132.30M89.50M
EBIT Margin12.06%12.85%9.51%9.49%9.97%6.66%
Effective Tax Rate33.58%32.80%25.66%37.73%24.83%
Revenue as Reported1.34B

Balance sheet

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2015
Cash & Equivalents128.60M134.30M110.50M342.20M173.50M
Short-Term Investments161.50M162.20M191.50M
Cash & Short-Term Investments290.10M296.50M302.00M342.20M173.50M
Accounts Receivable23.40M21.00M9.80M9.70M77.40M
Other Receivables34.20M69.20M31.10M22.80M
Receivables57.60M90.20M40.90M32.50M77.40M
Inventory106.60M88.50M63.00M59.20M53.40M
Prepaid Expenses11.10M10.40M
Restricted Cash22.20M23.40M21.40M21.10M4.50M
Other Current Assets75.60M42.10M26.00M13.60M45.40M
Total Current Assets552.10M540.70M453.30M479.70M364.60M
Property, Plant & Equipment2.53B2.54B2.23B2.18B3.01B
Goodwill111.70M122.50M2.10M
Other Intangible Assets9.00M
Long-Term Deferred Charges23.80M
Other Long-Term Assets64.00M71.70M80.00M71.30M209.90M
Total Assets3.26B3.28B2.77B2.73B3.61B
Accounts Payable67.30M136.00M47.10M46.90M22.80M
Accrued Expenses206.90M215.30M152.10M137.00M152.70M
Current Portion of Long-Term Debt183.20M195.90M252.40M231.50M2.46B
Current Portion of Leases17.50M22.60M20.70M22.90M
Current Unearned Revenue39.90M4.50M16.80M17.80M30.80M
Total Current Liabilities514.80M574.30M489.10M456.10M2.67B
Long-Term Debt841.40M829.50M692.70M806.10M
Long-Term Leases111.00M177.30M177.10M183.40M
Long-Term Unearned Revenue91.40M
Pension & Post-Retirement Benefits3.50M
Long-Term Deferred Tax Liabilities245.10M220.90M206.00M188.80M259.60M
Other Long-Term Liabilities35.50M146.10M92.40M53.80M83.40M
Total Liabilities1.84B1.95B1.66B1.69B3.01B
Additional Paid-In Capital625.50M620.00M478.00M478.00M434.10M
Retained Earnings797.00M708.50M632.50M567.90M352.10M
Treasury Stock-183.90M
Comprehensive Income & Other-2.20M
Shareholders' Equity1.42B1.33B1.11B1.05B600.10M
Total Liabilities & Equity3.26B3.28B2.77B2.73B3.61B
Total Debt1.15B1.23B1.14B1.24B2.46B
Net Cash (Debt)-863.00M-928.80M-840.90M-901.70M-2.29B
Net Cash Per Share-19.06-22.84-21.15-22.74-45.11
Filing Date Shares Outstanding46.75M46.83M1.00M39.08M50.07M
Total Common Shares Outstanding45.95M45.71M1.00M39.08M51.82M
Working Capital37.30M-33.60M-35.80M23.60M-2.30B
Book Value Per Share30.9629.061,110.5011.58
Tangible Book Value1.31B1.21B1.11B1.05B591.10M
Tangible Book Value Per Share28.5326.381,108.4011.41
Land211.30M158.90M129.20M
Machinery3.58B3.21B3.11B4.19B

Cash flow statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2015
Net Income97.70M76.20M64.60M54.80M67.80M-27.10M
Depreciation & Amortization138.10M126.30M117.00M159.40M149.70M207.40M
Asset Writedown & Restructuring Costs12.40M
Stock-Based Compensation20.20M20.20M1.00M1.50M4.00M
Other Operating Activities-14.40M39.80M23.00M29.40M32.20M-11.40M
Change in Accounts Receivable30.50M30.50M-2.50M-200.00K500.00K-36.50M
Change in Inventory400.00K400.00K-2.10M4.60M-4.30M-400.00K
Change in Accounts Payable20.00M20.00M24.20M32.00M3.70M31.60M
Change in Other Net Operating Assets8.60M8.60M900.00K47.70M-59.90M16.70M
Operating Cash Flow301.10M322.00M226.10M329.20M189.70M196.70M
Capital Expenditures-252.30M-396.90M-226.70M-378.10M-186.00M-487.50M
Sale of Property, Plant & Equipment23.00M700.00K86.10M133.50M1.40M94.70M
Investment in Securities15.70M36.30M68.00M-162.80M61.10M
Other Investing Activities18.80M9.00M-32.90M-13.50M-13.50M17.20M
Investing Cash Flow-194.80M-350.90M-105.50M-420.90M-137.00M-375.60M
Long-Term Debt Issued299.40M177.30M476.60M71.70M552.60M
Long-Term Debt Repaid-231.60M-277.50M-361.10M-259.00M-420.90M
Net Debt Issued (Repaid)-53.70M67.80M-100.20M115.50M-187.30M131.70M
Issuance of Common Stock2.70M
Repurchase of Common Stock-5.30M-1.10M
Other Financing Activities-15.90M-12.00M-2.00M-8.40M-2.50M-5.90M
Financing Cash Flow-74.90M54.70M-102.20M107.10M-189.80M128.50M
Net Cash Flow31.40M25.80M18.40M15.40M-137.10M-50.40M
Free Cash Flow48.80M-74.90M-600.00K-48.90M3.70M-290.80M
Free Cash Flow Margin2.31%-4.47%-0.04%-3.42%0.28%-21.64%
Free Cash Flow Per Share1.08-1.84-0.01-1.23-5.74
Levered Free Cash Flow31.01M-106.75M-56.64M-324.01M
Unlevered Free Cash Flow73.26M-68.88M-20.57M-248.26M
Cash Interest Paid64.50M58.80M56.00M44.40M39.90M105.60M
Cash Income Tax Paid-2.80M-5.70M-3.30M-6.20M
Change in Working Capital59.50M59.50M20.50M84.10M-60.00M11.40M

Ratios

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2015
Market Capitalization903.22M861.55M
Enterprise Value1.77B1.78B
Last Close Price19.3218.37
PE Ratio8.9611.31
PS Ratio0.430.51
PB Ratio0.620.65
P/TBV Ratio0.690.71
P/OCF Ratio3.002.68
EV/Sales Ratio0.831.06
EV/EBITDA Ratio4.495.22
EV/EBIT Ratio6.928.28
Debt / Equity Ratio0.810.921.031.194.10
Debt / EBITDA Ratio2.683.374.013.768.29
Debt / FCF Ratio23.63
Net Debt / Equity Ratio0.610.700.760.863.81
Net Debt / EBITDA Ratio2.192.723.273.067.70
Net Debt / FCF Ratio17.68-12.40-1,401.50-18.44-7.87
Asset Turnover0.680.560.540.38
Inventory Turnover16.1214.3116.2414.92
Quick Ratio0.680.670.700.820.09
Current Ratio1.070.940.931.050.14
Return on Equity (ROE)7.50%6.25%5.99%-4.44%
Return on Assets (ROA)5.15%4.46%3.19%1.58%
Return on Invested Capital (ROIC)7.39%6.88%5.35%4.34%3.18%
Return on Capital Employed (ROCE)9.30%8.00%6.20%6.00%9.50%
Earnings Yield11.16%8.84%
FCF Yield5.40%-8.69%
Buyback Yield / Dilution-4,428.97%-2.26%-0.27%3.24%