RJET (RJET) financial statements
RJET reported revenue of $1.7B in fiscal 2025, up 10.5% a year over 9 years.
Net income was $76M and the operating margin 10.0%, against 10.7% in 2018.
Free cash flow was -$75M.
The diluted share count rose 61% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from RJET's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2023 | 2024 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $682M | $723M | $545M | $504M | $531M | $498M | $1.4B | $476M | $1.5B | $1.7B |
| Selling, general and admin | $54M | $51M | $52M | $50M | $44M | $49M | — | $44M | — | — |
| Operating income | $73M | $121M | $80M | $63M | -$185M | -$84M | $135M | -$66M | $137M | $168M |
| Interest expense | $57M | $56M | $44M | $35M | $35M | $50M | $49M | $38M | $58M | $61M |
| Pre-tax income | $16M | $63M | $37M | $22M | -$235M | -$129M | $88M | -$90M | $87M | $113M |
| Income tax | -$17M | $16M | $10M | $6M | -$52M | -$9M | $33M | $519,000 | $22M | $37M |
| Net income | $33M | $48M | $27M | $17M | -$183M | -$120M | $55M | -$91M | $65M | $76M |
| EPS (diluted) | $1.32 | $1.36 | $0.78 | $0.43 | -$5.06 | -$3.04 | $1.38 | -$2.21 | $1.62 | $1.87 |
| Diluted shares | 25M | 35M | 35M | 39M | 36M | 39M | 40M | 41M | 40M | 41M |
| Operating margin | 10.7% | 16.7% | 14.7% | 12.5% | -34.8% | -16.9% | 9.5% | -13.8% | 9.3% | 10.0% |
| Net margin | 4.9% | 6.6% | 5.0% | 3.3% | -34.4% | -24.1% | 3.8% | -19.1% | 4.4% | 4.5% |
Balance sheet
Fiscal years, from RJET's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2023 | 2024 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $123M | $69M | $99M | $121M | $58M | $33M | $16M | $16M | $302M | $296M |
| Receivables | $14M | $23M | $14M | $3M | $4M | $8M | $6M | $5M | $5M | — |
| Inventory | — | — | — | — | — | — | — | — | $63M | $88M |
| Total current assets | $198M | $158M | $156M | $158M | $98M | $139M | $150M | $61M | $453M | $541M |
| Property, plant and equipment | $1.3B | $1.3B | $1.2B | $1.2B | $865M | $698M | $534M | $426M | $2.1B | $2.4B |
| Goodwill | — | — | — | — | — | — | $2M | — | $2M | $122M |
| Total assets | $1.5B | $1.5B | $1.5B | $1.5B | $1.1B | $898M | $776M | $597M | $2.8B | $3.3B |
| Total current liabilities | $251M | $257M | $353M | $258M | $214M | $268M | $254M | $174M | $489M | $574M |
| Long-term debt | $760M | $677M | $542M | $540M | $503M | $365M | $315M | $260M | $752M | $883M |
| Total liabilities | $1.1B | $1.0B | $1.0B | $969M | $807M | $698M | $633M | $487M | $1.7B | $1.9B |
| Shareholders' equity | $374M | $426M | $458M | $488M | $308M | $200M | $1.0B | $110M | $1.1B | $1.3B |
| Net debt | $812M | $774M | $632M | $531M | $542M | $495M | $456M | $295M | $785M | $749M |
Cash flow
Fiscal years, from RJET's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2023 | 2024 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $119M | $152M | $175M | $133M | $13M | -$24M | $329M | $34M | $226M | $322M |
| Capital spending | $118M | $125M | $27M | $17M | $41M | $37M | $378M | $20M | $227M | $397M |
| Free cash flow | $950,000 | $26M | $148M | $116M | -$27M | -$61M | -$49M | $14M | -$600,000 | -$75M |
| Stock-based compensation | $13M | $6M | $4M | $3M | $3M | $2M | $2M | $1M | $1M | $20M |
| Share buybacks (net) | -$5M | -$2M | -$586,000 | -$1M | -$455,000 | — | — | — | — | — |
| Net borrowing | $188M | $172M | $23M | $195M | $40M | $61M | $477M | $87M | $177M | $299M |
| Free cash flow margin | 0.1% | 3.6% | 27.2% | 23.0% | -5.2% | -12.2% | -3.4% | 2.9% | -0.0% | -4.5% |
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Open RJET in InvestinglyQuestions
What was RJET's revenue in 2025?
$1.7B in fiscal 2025, from its 10-K filing.
How much free cash flow does RJET generate?
-$75M in fiscal 2025 (operating cash flow minus capital spending).
From RJET's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.