REPUBLIC AIRWAYS HOLDINGS INC. RJET

Industrials SIC 4512 - Air Transportation, Scheduled NAICS Transportation and Warehousing › Air Transportation › Scheduled Air Transportation derived Nasdaq

Republic is the second largest independent regional airline in the United States based on total fleet and daily departures. As of December 31, 2025, Republic had an operational fleet of 275 regional jet aircraft that regularly provides scheduled passenger service on approximately 1,300 daily flights to approximately 130 cities in the United States, Canada, Mexico, and the Caribbean. Substantially all of Republic's service are operated under multi-year Capacity Purchase Agreements ("CPAs") with the Partner Airlines. Republic exclusively operates the dual class Embraer E170/175 family of aircraft and is one of the world's largest operators of that aircraft type. Under Republic's CPAs, Republic provides substantially all of its flight capacity to the Partner Airlines. Republic's revenues are not materially or immediately affected by variations in fares or passenger load factors, nor by variations in the price of fuel, the cost of which is paid directly by the Partner Airlines. In 2025 and 2024, Republic carried passengers on more than 371,000 and 323,000 flights, generating revenues of $1,676.5 million and $1,474.0 million and pre-tax income of $113.4 million and $86.9 million, respectively.

Last close 16.94 2026-10-23
Market cap $793.1M 2026-06-30 share count
52-week range 15.37 - 26.70

Valuation FY2025 figures against the last close

P/S0.6x
P/E9.1x
P/FCF—
EV/EBITDA5.2x
Dividend yield—
Diluted EPS1.87

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.35B$1.17B$1.11B$531.0M$503.6M$545.1M$723.4M$681.6M$643.6M$587.8M
SG&A —$44.2M$48.8M$44.0M$49.9M$52.2M$50.5M$53.6M$39.0M$42.2M
Total operating expenses $1.51B$1.34B$1.29B$716.0M$440.4M$464.9M$602.2M$608.9M$543.3M$531.1M
Operating income $168.3M$137.0M$135.3M-$185.0M$63.2M$80.2M$121.1M$72.6M$100.3M$56.8M
Interest expense $60.6M$57.7M$49.1M$35.3M$34.7M$44.1M$55.7M$56.9M$46.1M$32.6M
Pre-tax income $113.4M$86.9M$88.0M-$234.7M$22.4M$37.0M$63.3M$15.8M$53.7M$24.8M
Income tax $37.2M$22.3M$33.2M$52.0M$5.8M$9.5M$15.7M$17.4M$20.9M$9.9M
Net income $76.2M-$91.0M-$120.1M-$182.7M$16.6M$27.5M$47.6M$33.3M$32.8M$14.9M
EPS, basic 1.901.651.40-5.060.460.781.371.341.411.56
EPS, diluted 1.871.621.38-5.060.430.781.361.321.400.62
Shares, diluted (wtd. avg.) 40.7M39.8M39.7M36.1M38.8M35.3M35.1M25.3M23.4M24.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $134.3M$110.5M$113.5M$98.1M$123.9M$102.8M$72.5M$107.1M$60.3M$41.2M
Short-term investments $162.2M$191.5M————$0$19.9M$0—
Receivables —$5.3M$8.3M$4.0M$3.2M$13.7M$23.1M$14.3M$8.9M—
Inventory $88.5M$63.0M————————
Total current assets $540.7M$453.3M$138.6M$98.3M$158.4M$155.6M$157.8M$197.9M$145.8M—
Property, plant and equipment $2.41B$2.11B$698.0M$865.3M$1.15B$1.21B$1.27B$1.25B$1.19B—
Goodwill $122.5M$2.1M$2.1M$0——————
Other intangibles ———$3.8M$6.8M$8.0M$9.5M$11.3M$11.7M—
Total assets $3.28B$2.77B$898.5M$1.12B$1.46B$1.50B$1.45B$1.47B$1.36B—
Accounts payable —$72.1M$59.0M$59.4M$61.5M$53.2M$49.9M$54.3M$44.7M—
Short-term debt —$50.5M$163.6M$97.2M$111.7M$189.3M$165.9M$155.2M$140.5M—
Total current liabilities $574.3M$489.1M$267.9M$214.5M$258.2M$353.3M$256.7M$251.4M$218.2M—
Long-term debt $1.03B$259.8M$364.7M$502.5M$539.7M$542.5M$677.4M$760.2M$803.9M—
Total liabilities $1.95B$1.65B$698.4M$807.4M$968.5M$1.04B$1.03B$1.10B$1.14B—
Retained earnings $708.5M$632.5M-$71.1M$49.0M$231.7M$215.1M$187.4M$139.8M$107.8M—
Total equity $1.33B$1.11B$1.05B$991.1M$488.0M$457.9M$425.9M$374.5M$222.2M$189.2M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $322.0M$226.1M$329.2M$13.4M$132.9M$174.7M$151.7M$118.9M$74.7M$104.5M
Depreciation and amortisation $126.3M$117.0M$159.4M$80.5M$81.2M$80.8M$76.2M$64.6M$60.7M$45.6M
Stock-based compensation $20.2M$1.0M$1.5M$2.8M$3.1M$4.4M$5.5M$12.9M$1.3M$1.5M
Capital expenditure $396.9M$226.7M$378.1M$40.8M$17.1M$26.7M$125.3M$118.0M$84.5M$490.1M
Investing cash flow -$350.9M-$105.5M-$420.9M$1.4M-$33.5M-$26.7M-$104.8M-$138.6M-$84.1M-$491.1M
Financing cash flow $54.7M-$102.2M$107.1M-$77.6M-$78.4M-$117.7M-$81.5M$66.4M$28.5M$365.8M
Buybacks ———$455.0K$1.5M$586.0K$1.9M$5.0M$1.0M$1.4M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-014079.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B 1.5B Revenue, FY2016: 587.8M Net income, FY2016: 14.9M Revenue, FY2017: 643.6M Net income, FY2017: 32.8M Revenue, FY2018: 681.6M Net income, FY2018: 33.3M Revenue, FY2019: 723.4M Net income, FY2019: 47.6M Revenue, FY2020: 545.1M Net income, FY2020: 27.5M Revenue, FY2021: 503.6M Net income, FY2021: 16.6M Revenue, FY2022: 531M Net income, FY2022: -182.7M Revenue, FY2023: 1.1B Net income, FY2023: -120.1M Revenue, FY2024: 1.2B Net income, FY2024: -91M Revenue, FY2025: 1.3B Net income, FY2025: 76.2M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $587.8M $643.6M $681.6M $723.4M $545.1M $503.6M $531.0M $1.11B $1.17B $1.35B
Gross profit — — — — — — — — — —
Net income $14.9M $32.8M $33.3M $47.6M $27.5M $16.6M -$182.7M -$120.1M -$91.0M $76.2M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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