Event-Driven Stocks

Spirit Aviation Holdings, Inc.

FLYYQOTC

Industrials · Air Transportation, Scheduled · SEC filings ↗ · Compare ⊕

View price & chart on Yahoo Finance ↗
Signs● 1 good● 3 warning● 1 severedetails ↓

Financials

SEC XBRL · annual
 FY25FY24FY23FY22FY21FY20
Revenue$755.4M$4.91B$5.36B$5.07B$3.23B$1.81B
Operating income−$287.2M−$1.11B−$495.8M−$598.9M−$56.9M−$507.8M
Net income$72.2M−$1.23B−$447.5M−$554.1M−$472.6M−$428.7M
Total assets$8.72B$9.60B$9.42B$9.18B$8.54B$8.40B
Total liabilities——————
Equity$734.4M−$80.1M$1.13B$1.57B$2.11B$2.25B
EPS (diluted)$0.66$-11.23$-4.10$-5.10$-4.50$-5.06
Shares out.109.5M109.5M109.1M108.6M97.8M68.5M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2025
Operating margin
−38.0%
Net margin
9.6%
Return on equity
9.8%
Return on assets
0.8%
Return on capital (ROCE)
−4.0%
Liabilities / assets
—
Debt / equity
—
Book value / share
$6.71
Revenue growth (YoY)
−84.6%
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2025
Accruals / assets
3.4%clean
Piotroski F-Score
2/8weak

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
45
/ 100
Profitability 60Growth 0Catalyst 33Earnings quality 33Financial strength 100

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

● 1 severe● 3 warning● 1 good
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Operating losses (negative operating margin)
  • Revenue declined year-over-year
  • Negative operating cash flow
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
May 15, 20262.4M1.0-11.8%
Apr 30, 20262.8M1.0+94.9%
Apr 15, 20261.4M16.2-0.6%
Mar 31, 20261.4M6.3+37.0%
Mar 13, 20261.0M1.9+21.5%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (4)