ULCC Hisse Senedi Özeti Fiyat, piyasa değeri, P/E, EPS, ROE, borç/öz sermaye, 52 haftalık aralık

03

Fiyat $6.19

Piyasa Değeri (MRQ) $1.42B

P/E (TTM) -3.7

Hisse Başına Kâr (TTM) $-1.67

Gelir (TTM) $4.15B

ROE (TTM) -120.2%

D/E Borç/Özsermaye (MRQ) 3.7

52 Haftlık Aralık $3–$8

ULCC Hisse Senedi Fiyat Grafiği Teknik göstergeler ile günlük OHLCV — kaydır, yakınlaştır ve görünümünüzü özelleştirin

04

aralık

çubuklar

Çubuk çözünürlüğü seçilen döneme uyum sağlar — bir çubuk için açılış/yüksek/düşük/kapanış değerlerini görmek için grafiğin üzerine gelin.

10 Yıllık Performans Gelir, net kar, marjlar ve EPS trendleri

06

Gelir$3.72B

2019-12-31 → 2025-12-31

Hisse Başına Kâr$-0.60

2019-12-31 → 2025-12-31

Serbest Nakit Akışı$-600M

2021-12-31 → 2025-12-31

Net kar marjı-9.3%

2021-12-31 → 2025-12-31

Değerleme ve Oranlar 07–12

Değerleme P/E, P/S, P/B, EV/EBITDA oranları — hisse senedi pahalı mı ucuz mu?

Metrik	ULCC	5Y ort.	Akran Ortalaması	Sonuç
P/E (TTM)	-3.75Y ort. ≈-37.3	≈-37.3	·	·
F/S (TTM)	0.35Y ort. ≈0.6	≈0.6	0.5	Adil değer
F/D (MRQ)	10.55Y ort. ≈3.4	≈3.4	2.3	Aşırı değerli
EV / EBITDA	-9.25Y ort. ≈-81.2	≈-81.2	·	·
Fiyat / Serbest Nakit Akışı (TTM)	-8.75Y ort. ≈-3.8	≈-3.8	·	·
Fiyat / Nakit Akışı (TTM)	-12.45Y ort. ≈-8.3	≈-8.3	·	·
EV / Revenue (EV / Gelir)	0.45Y ort. ≈0.5	≈0.5	·	·
EV / FCF	-2.35Y ort. ≈-3.4	≈-3.4	·	·
Fiyat / Maddi Defter Değeri (MRQ)	13.15Y ort. ≈3.6	≈3.6	·	·

Akran ortalaması, metrik başına standartlaştırılmış bir temelde hesaplanır ve bu hisse senedi için gösterilen TTM/MRQ temelini her zaman eşleşmeyebilir.

Kârlılık Brüt, faaliyet ve net kâr marjları; ROE, ROA, ROIC

Metrik	ULCC	5Y ort.	Akran Ortalaması	Sonuç
Faaliyet Kâr Marjı (TTM)	-9.8%5Y ort. ≈-1.9%	≈-1.9%	-4.1%	Zayıf
EBITDA Margin (FAVÖK Marjı)	-4.0%5Y ort. ≈-1.9%	≈-1.9%	0.96%	Zayıf
Vergi Öncesi Kar Marjı (TTM)	-9.6%5Y ort. ≈-1.8%	≈-1.8%	-5.3%	Zayıf
Net Kâr Marjı (TTM)	-9.3%5Y ort. ≈-1.6%	≈-1.6%	-1.9%	Zayıf
ROA (TTM)	-5.6%5Y ort. ≈-0.84%	≈-0.84%	-1.0%	Zayıf
ROE (TTM)	-120.2%5Y ort. ≈-8.2%	≈-8.2%	2.5%	Zayıf
ROIC	-13.8%5Y ort. ≈-4.2%	≈-4.2%	2.2%	Zayıf

Finansal Sağlık Borç, likidite, solventlik — bilanço gücü

Metrik	ULCC	5Y ort.	Akran Ortalaması	Sonuç
Borç / Öz Sermaye (MRQ)	3.75Y ort. ≈0.9	≈0.9	0.7	Yüksek borç
Cari Oran (MRQ)	0.65Y ort. ≈0.6	≈0.6	0.6	Aynı seviyede
Quick Ratio (Cari Oran)	0.45Y ort. ≈0.5	≈0.5	0.5	Aynı seviyede
Uzun Vadeli Borç / Özkaynak (MRQ)	2.25Y ort. ≈0.5	≈0.5	0.5	Yüksek borç

Büyüme Gelir, EPS ve net gelir büyümesi: YOY, 3 Yıllık CAGR, 5 Yıllık CAGR

Metrik	ULCC	5Y ort.	Akran Ortalaması	Sonuç
Revenue YoY (Gelir Yıllık Bazda)	-1.4%5Y ort. ≈27.6%	≈27.6%	·	·
Revenue CAGR 3Y (Gelir 3 Yıllık Bileşik Büyüme Oranı)	3.8%5Y ort. ≈22.8%	≈22.8%	·	·
Revenue CAGR 5Y (Gelir 5 Yıllık Bileşik Büyüme Oranı)	24.4%	·	·	·

Hisse Başı Metrikler Hisse Başı Kâr, hisse başına defter değeri, hisse başına nakit akışı, hisse başına temettü

Metrik	ULCC	5Y ort.	Akran Ortalaması	Sonuç
EPS (Diluted) (Hisse Başına Kar (Seyreltilmiş))	$-0.605Y ort. ≈$-0.19	≈$-0.19	·	·
Revenue / Share (Hisse Başına Gelir)	$16.355Y ort. ≈$14.87	≈$14.87	·	·
Cash Flow / Share (Hisse Başına Nakit Akışı)	$-2.305Y ort. ≈$-0.64	≈$-0.64	·	·
Cash / Share (Hisse Başına Nakit)	$2.935Y ort. ≈$3.33	≈$3.33	·	·

Sermaye Verimliliği Aktif devir hızı, stok devir hızı, alacak devir hızı

Metrik	ULCC	5Y ort.	Akran Ortalaması	Sonuç
Asset Turnover (Aktif Devir Hızı)	0.65Y ort. ≈0.7	≈0.7	0.6	Zayıf
Receivables Turnover (Alacak Devir Hızı)	47.15Y ort. ≈46.4	≈46.4	30.2	En üst düzey
Revenue / Employee (Çalışan Başına Gelir)	≈$445.9K	·	·	·

değer · ≈ 5Y ort. · sektör ortalaması · ortalamaya göre değerlendirme

Kazanç Geçmişi EPS gerçekleşen vs tahmin, sürpriz %, kazanma oranı, bir sonraki kazanç tarihi

14

Ort. Sürpriz 15.3%

Sonraki Rapor Kas 03, 2026

Dönem	Rapor	EPS Gerçek	EPS Tahmin	Sürpriz
30 Haziran 2026	Ağu 3, 2026	$-0.10	$-0.49	79.7%
31 Mart 2026		$-0.30	$-0.37	18.7%
31 Aralık 2025		$0.23	$0.12	92.3%
30 Eylül 2025		$-0.34	$-0.36	5.9%
30 Haziran 2025		$-0.31	$-0.26	-19.7%
31 Mart 2025		$-0.19	$-0.10	-85.0%

Tüm Temeller Tüm metrikler yıla göre — gelir tablosu, bilanço, nakit akışı

15

Gelir Tablosu 13

Metrik	2025	2024	2023	2022	2021	2020	2019
Revenue	$3.72B	$3.77B	$3.59B	$3.33B	$2.06B	$1.25B	$2.51B
Operating Expenses	$3.87B	$3.72B	$3.59B	$3.37B	$2.18B	$1.61B	$2.20B
Operating Income	$-149M	$58M	$-3M	$-45M	$-117M	$-365M	$309M
Interest Income	$26M	$32M	$36M	$10M	$2M	$5M	$16M
Other Non-op	$15M	$28M	$35M	$0	$-27M	$-7M	$16M
Pretax Income	$-134M	$86M	$32M	$-45M	$-144M	$-372M	$325M
Income Tax	$3M	$1M	$43M	$-8M	$-42M	$-147M	$74M
Net Income	$-137M	$85M	$-11M	$-37M	$-102M	$-225M	$251M
EPS (Basic)	$-0.60	$0.37	$-0.05	$-0.17	$-0.48	$-1.13	$1.19
EPS (Diluted)	$-0.60	$0.37	$-0.05	$-0.17	$-0.48	$-1.13	$1.19
Shares (Basic)	227,773,074	224,333,034	220,097,989	217,601,373	211,436,542	199,260,410	199,141,090
Shares (Diluted)	227,773,074	226,492,134	220,097,989	217,601,373	211,436,542	199,260,410	199,593,100
EBITDA	$-149M	$58M	$-3M	$-45M	$-117M	·	·

Bilanço 25

Metrik	2025	2024	2023	2022	2021	2020	2019
Cash & Equivalents	$671M	$740M	$609M	$761M	$918M	$378M	·
Receivables	$85M	$73M	$93M	$90M	$50M	$28M	·
Prepaid Expense	$26M	$18M	$21M	$20M	$14M	$24M	·
Other Current Assets	$112M	$98M	$90M	$114M	$40M	$226M	·
Current Assets	$958M	$990M	$871M	$1.02B	$1.04B	$650M	·
PP&E (Net)	$510M	$376M	$309M	$226M	$186M	$176M	·
Accum. Depreciation	$333M	$252M	$183M	$151M	$130M	$107M	·
Intangibles	$27M	$27M	$28M	$28M	$29M	$29M	·
Other Non-current Assets	$491M	$426M	$330M	$265M	$199M	$143M	·
Total Assets	$7.22B	$6.15B	$4.99B	$4.50B	$4.24B	$3.55B	·
Accounts Payable	$130M	$115M	$134M	$89M	$86M	$71M	·
Current Liabilities	$2.10B	$1.85B	$1.66B	$1.55B	$1.33B	$1.00B	·
Capital Leases	$4.07B	$3.30B	$2.44B	$2.03B	$1.99B	$1.85B	·
Deferred Tax	·	·	·	·	$0	$9M	·
Other Non-current Liabilities	$199M	$123M	$134M	$97M	$60M	$96M	·
Total Liabilities	$6.73B	$5.55B	$4.49B	$3.99B	$3.71B	$3.24B	·
Long-term Debt	$620M	$507M	$474M	$431M	$423M	$348M	·
Total Debt	$614M	$502M	$470M	$429M	$414M	·	·
Common Stock	$0	$0	$0	$0	$0	$0	·
Paid-in Capital	$437M	$414M	$403M	$393M	$381M	$60M	·
Retained Earnings	$59M	$196M	$111M	$122M	$159M	$261M	·
AOCI	$-5M	$-6M	$-7M	$-6M	$-10M	$-11M	·
Stockholders' Equity	$491M	$604M	$507M	$509M	$530M	$310M	$542M
Liabilities + Equity	$7.22B	$6.15B	$4.99B	$4.50B	$4.24B	$3.55B	·
Shares Outstanding	229,010,827	225,440,496	222,998,790	217,875,890	217,065,096	199,438,098	199,242,854

Nakit Akışı 14

Metrik	2025	2024	2023	2022	2021	2020	2019
D&A	$91M	$72M	$50M	$45M	$38M	$33M	$46M
Stock-based Comp	$21M	$16M	$14M	$15M	$11M	$8M	$8M
Deferred Tax	$3M	$0	$43M	$-8M	$-32M	$-14M	$52M
Amort. of Intangibles	$0	$1M	$0	$1M	$0	$1M	$1M
Operating Cash Flow	$-525M	$-82M	$-261M	$-78M	$216M	$-557M	$171M
CapEx	$75M	$76M	$51M	$41M	$27M	$16M	$45M
Investing Cash Flow	$-99M	$-75M	$-90M	$-154M	$-67M	$11M	$-62M
Debt Issued	·	·	·	$273M	$163M	$236M	$170M
Net Debt Issued	$-380M	$-447M	$-131M	$7M	$66M	·	·
Dividends Paid	·	$0	$1M	$1M	$0	$0	$159M
Financing Cash Flow	$555M	$288M	$199M	$75M	$391M	$156M	$-39M
Net Change in Cash	$-69M	$131M	$-152M	$-157M	$540M	$-390M	$70M
Taxes Paid	$1M	$1M	$1M	$1M	$-158M	$9M	$56M
Free Cash Flow	$-600M	$-158M	$-312M	$-119M	$189M	·	·

Kârlılık 7

Metrik	2025	2024	2023	2022	2021	2020	2019
Operating Margin	-4.0%	1.5%	-0.08%	-1.4%	-5.7%	·	·
Net Margin	-3.7%	2.2%	-0.31%	-1.1%	-5.0%	·	·
Pretax Margin	-3.6%	2.3%	0.89%	-1.4%	-7.0%	·	·
EBITDA Margin	-4.0%	1.5%	-0.08%	-1.4%	-5.7%	·	·
ROA	-2.1%	1.5%	-0.23%	-0.85%	-2.6%	·	·
ROE	-27.5%	14.7%	-2.1%	-7.6%	-18.4%	·	·
ROIC	-13.8%	5.2%	0.11%	-3.9%	-8.8%	·	·

Likidite ve Solventlik 4

Metrik	2025	2024	2023	2022	2021	2020	2019
Current Ratio	0.5	0.5	0.5	0.7	0.8	·	·
Quick Ratio	0.4	0.4	0.4	0.5	0.7	·	·
Debt / Equity	1.3	0.8	0.9	0.8	0.8	·	·
LT Debt / Equity	0.6	0.4	0.4	0.5	0.5	·	·

Verimlilik 2

Metrik	Eğilim	2025	2024	2023	2022	2021	2020	2019
Asset Turnover		0.6	0.7	0.8	0.8	0.5	·	·
Receivables Turnover		47.1	45.5	39.2	47.5	52.8	·	·

Hisse Başına 6

Metrik	2025	2024	2023	2022	2021	2020	2019
Book Value / Share	$2.14	$2.68	$2.27	$2.34	$2.44	·	·
Revenue / Share	$16.35	$16.67	$16.31	$15.28	$9.74	·	·
Cash Flow / Share	$-2.30	$-0.36	$-1.19	$-0.36	$1.02	·	·
Cash / Share	$2.93	$3.28	$2.73	$3.49	$4.23	·	·
Dividend / Share	·	$0.00	$0.00	$0.00	$0.00	$0.00	$0.76
EPS (TTM)	$-0.60	$0.37	$-0.05	$-0.17	$-0.48	·	·

Büyüme Oranları 3

Metrik	2025	2024	2023	2022	2021	2020	2019
Revenue YoY	-1.4%	5.2%	7.9%	61.5%	64.8%	·	·
Revenue CAGR 3Y	3.8%	22.4%	42.1%	·	·	·	·
Revenue CAGR 5Y	24.4%	·	·	·	·	·	·

Değerleme (TTM) 17

Metrik	2025	2024	2023	2022	2021	2020	2019
Revenue TTM	$3.72B	$3.77B	$3.59B	$3.33B	$2.06B	·	·
Net Income TTM	$-137M	$85M	$-11M	$-37M	$-102M	·	·
Market Cap	$1.08B	$1.60B	$1.22B	$2.24B	$2.95B	·	·
Enterprise Value	$1.02B	$1.36B	$1.08B	$1.91B	$2.44B	·	·
P/E	-7.8	19.2	-109.2	-60.4	-28.3	·	·
P/S	0.3	0.4	0.3	0.7	1.4	·	·
P/B	2.2	2.7	2.4	4.4	5.6	·	·
P / Tangible Book	2.3	2.8	2.5	4.7	5.9	·	·
P / Cash Flow	-2.1	-19.5	-4.7	-28.7	13.6	·	·
P / FCF	-1.8	-10.1	-3.9	-18.8	15.6	·	·
EV / EBITDA	-6.9	23.5	-359.5	-42.3	-20.9	·	·
EV / FCF	-1.7	-8.6	-3.5	-16.0	12.9	·	·
EV / Revenue	0.3	0.4	0.3	0.6	1.2	·	·
Dividend Yield	·	0.00%	0.08%	0.04%	0.00%	·	·
Earnings Yield	-12.7%	5.2%	-0.92%	-1.7%	-3.5%	·	·
Payout Ratio	·	0.00%	·	·	0.00%	·	·
Annual Payout	·	$0	$1M	$1M	$0	·	·

Gelir Tablosu 13

Metrik	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Revenue	$1.28B	$992M	$997M	$886M	$929M	$912M	$1.00B	$935M	$973M	$865M	$891M	$883M	$967M	$848M	$906M	$906M
Operating Expenses	$1.38B	$1.27B	$948M	$963M	$1.00B	$958M	$957M	$916M	$948M	$896M	$894M	$937M	$888M	$873M	$861M	$850M
Operating Income	$-97M	$-283M	$49M	$-77M	$-75M	$-46M	$45M	$19M	$25M	$-31M	$-3M	$-54M	$79M	$-25M	$45M	$56M
Interest Income	$7M	$6M	$6M	$6M	$7M	$7M	$7M	$10M	$8M	$7M	$8M	$10M	$10M	$8M	$5M	$3M
Other Non-op	$3M	$2M	$3M	$1M	$5M	$6M	$6M	$8M	$7M	$7M	$9M	$9M	$9M	$8M	$5M	$2M
Pretax Income	$-94M	$-281M	$52M	$-76M	$-70M	$-40M	$51M	$27M	$32M	$-24M	$6M	$-45M	$88M	$-17M	$50M	$58M
Income Tax	$-4M	$-9M	$-1M	$1M	$0	$3M	$-3M	$1M	$1M	$2M	$43M	$-13M	$17M	$-4M	$10M	$27M
Net Income	$-90M	$-272M	$53M	$-77M	$-70M	$-43M	$54M	$26M	$31M	$-26M	$-37M	$-32M	$71M	$-13M	$40M	$31M
EPS (Basic)	$-0.39	$-1.18	$0.24	$-0.34	$-0.31	$-0.19	$0.24	$0.11	$0.14	$-0.12	$-0.17	$-0.14	$0.32	$-0.06	$0.20	$0.13
EPS (Diluted)	$-0.39	$-1.18	$0.24	$-0.34	$-0.31	$-0.19	$0.24	$0.11	$0.14	$-0.12	$-0.16	$-0.14	$0.31	$-0.06	$0.20	$0.13
Shares (Basic)	229,978,266	229,416,506	·	228,174,036	227,941,534	226,990,750	·	224,484,159	224,214,030	223,428,610	·	220,837,983	219,402,647	218,181,386	·	217,720,426
Shares (Diluted)	229,978,266	229,416,506	·	228,174,036	227,941,534	226,990,750	·	225,716,252	226,603,798	223,428,610	·	220,837,983	220,425,659	218,181,386	·	219,878,940
EBITDA	$-97M	$-283M	·	$-77M	$-75M	$-46M	·	$19M	$25M	$-31M	·	$-54M	$79M	$-25M	·	$56M

Bilanço 24

Metrik	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Cash & Equivalents	$955M	$772M	$671M	$566M	$563M	$686M	$740M	$576M	$658M	$622M	·	$640M	$780M	$790M	·	$674M
Receivables	$147M	$118M	$85M	$93M	$98M	$89M	$73M	$147M	$95M	$98M	·	$109M	$91M	$96M	·	$65M
Prepaid Expense	$35M	$32M	$26M	$24M	$20M	$22M	$18M	$19M	$18M	$19M	·	$29M	$23M	$27M	·	$25M
Other Current Assets	$113M	$102M	$112M	$98M	$85M	$97M	$98M	$111M	$116M	$108M	·	$112M	$78M	$99M	·	$99M
Current Assets	$1.31B	$1.10B	$958M	$847M	$832M	$953M	$990M	$910M	$947M	$903M	·	$936M	$1.01B	$1.04B	·	$892M
PP&E (Net)	$474M	$485M	$510M	$492M	$458M	$396M	$376M	$367M	$350M	$330M	·	$282M	$260M	$242M	·	$213M
Accum. Depreciation	·	·	$333M	·	·	·	$252M	·	·	·	·	·	·	·	·	·
Intangibles	$27M	$27M	$27M	$27M	$27M	$27M	$27M	$27M	$27M	$27M	·	$28M	$28M	$28M	·	$28M
Other Non-current Assets	$420M	$425M	$491M	$505M	$471M	$448M	$426M	$409M	$384M	$348M	·	$349M	$308M	$302M	·	$258M
Total Assets	$7.24B	$7.02B	$7.22B	$6.70B	$6.52B	$6.48B	$6.15B	$5.83B	$5.69B	$5.21B	·	$4.93B	$4.71B	$4.67B	·	$4.25B
Accounts Payable	$95M	$115M	$130M	$159M	$169M	$120M	$115M	$128M	$137M	$131M	·	$109M	$91M	$79M	·	$78M
Current Liabilities	$2.24B	$2.24B	$2.10B	$2.11B	$2.04B	$1.94B	$1.85B	$1.72B	$1.82B	$1.80B	·	$1.69B	$1.65B	$1.68B	·	$1.45B
Capital Leases	$3.98B	$3.87B	$4.07B	$3.65B	$3.61B	$3.60B	$3.30B	$3.13B	$3.02B	$2.56B	·	$2.32B	$2.16B	$2.15B	·	$1.97B
Other Non-current Liabilities	$507M	$297M	$199M	$170M	$95M	$95M	$123M	$114M	$110M	$125M	·	$128M	$115M	$106M	·	$92M
Total Liabilities	$7.11B	$6.79B	$6.73B	$6.27B	$6.02B	$5.91B	$5.55B	$5.28B	$5.17B	$4.72B	·	$4.39B	$4.14B	$4.18B	·	$3.78B
Long-term Debt	$511M	$588M	$620M	$673M	$565M	$512M	$502M	$474M	$455M	$469M	·	$490M	$433M	$429M	·	$423M
Total Debt	$506M	$583M	·	$668M	$560M	$507M	·	$469M	$452M	$466M	·	$486M	$430M	$427M	·	$421M
Common Stock	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	·	$0	$0	$0	·	$0
Paid-in Capital	$444M	$440M	$437M	$434M	$429M	$423M	$414M	$414M	$411M	$406M	·	$399M	$396M	$392M	·	$389M
Retained Earnings	$-303M	$-213M	$59M	$6M	$83M	$153M	$196M	$142M	$116M	$85M	·	$148M	$180M	$109M	·	$82M
AOCI	$-5M	$-5M	$-5M	$-6M	$-6M	$-6M	$-6M	$-7M	$-7M	$-7M	·	$-6M	$-10M	$-13M	·	$-3M
Stockholders' Equity	$136M	$222M	$491M	$434M	$506M	$570M	$604M	$549M	$520M	$484M	$507M	$541M	$566M	$488M	$509M	$468M
Liabilities + Equity	$7.24B	$7.02B	$7.22B	$6.70B	$6.52B	$6.48B	$6.15B	$5.83B	$5.69B	$5.21B	·	$4.93B	$4.71B	$4.67B	·	$4.25B
Shares Outstanding	230,198,520	229,732,124	229,010,827	228,229,561	228,134,548	227,740,207	225,440,496	224,518,145	224,471,666	223,886,304	222,998,790	221,054,287	220,677,393	218,503,854	217,875,890	217,762,284

Nakit Akışı 10

Metrik	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
D&A	$56M	$62M	$26M	$24M	$21M	$20M	$19M	$19M	$18M	$16M	$14M	$13M	$12M	$11M	$9M	$8M
Stock-based Comp	$4M	$5M	$5M	$5M	$6M	$5M	$4M	$3M	$5M	$4M	$4M	$3M	$3M	$4M	$4M	$4M
Deferred Tax	$-3M	$-9M	$-1M	$1M	$0	$3M	$-3M	$0	$1M	$2M	$43M	$-13M	$17M	$-4M	$10M	$27M
Operating Cash Flow	$151M	$40M	$-91M	$-215M	$-133M	$-86M	$87M	$-156M	$9M	$-22M	$-54M	$-173M	$-9M	$-25M	$94M	$-105M
CapEx	$13M	$12M	$22M	$2M	$33M	$18M	$14M	$14M	$31M	$17M	$14M	$14M	$12M	$11M	$10M	$17M
Investing Cash Flow	$47M	$33M	$59M	$-45M	$-84M	$-29M	$-29M	$-12M	$-27M	$-7M	$1M	$-58M	$-43M	$10M	$-37M	$-60M
Net Debt Issued	·	$-83M	·	·	·	$-28M	·	·	·	$-74M	·	·	·	$-38M	·	·
Financing Cash Flow	$-15M	$28M	$137M	$263M	$94M	$61M	$106M	$86M	$54M	$42M	$22M	$91M	$42M	$44M	$30M	$73M
Net Change in Cash	$183M	$101M	$105M	$3M	$-123M	$-54M	$164M	$-82M	$36M	$13M	$-31M	$-140M	$-10M	$29M	$87M	$-92M
Free Cash Flow	·	$28M	·	·	·	$-104M	·	·	·	$-39M	·	·	·	$-36M	·	·

Kârlılık 7

Metrik	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Operating Margin	-7.6%	-28.5%	·	-8.7%	-8.1%	-5.0%	·	2.0%	2.6%	-3.6%	·	-6.1%	8.2%	-2.9%	·	6.2%
Net Margin	-7.0%	-27.4%	·	-8.7%	-7.5%	-4.7%	·	2.8%	3.2%	-3.0%	·	-3.6%	7.3%	-1.5%	·	3.4%
Pretax Margin	-7.3%	-28.3%	·	-8.6%	-7.5%	-4.4%	·	2.9%	3.3%	-2.8%	·	-5.1%	9.1%	-2.0%	·	6.4%
EBITDA Margin	-7.6%	-28.5%	·	-8.7%	-8.1%	-5.0%	·	2.0%	2.6%	-3.6%	·	-6.1%	8.2%	-2.9%	·	6.2%
ROA	-1.3%	-4.0%	·	-1.2%	-1.1%	-0.74%	·	0.48%	0.60%	-0.53%	·	-0.70%	1.6%	-0.30%	·	0.73%
ROE	-28.0%	-68.7%	·	-15.7%	-13.7%	-8.2%	·	4.8%	5.7%	-5.3%	·	-6.3%	14.3%	-2.9%	·	5.9%
ROIC	-14.5%	-34.0%	·	-7.1%	-7.0%	-4.6%	·	1.8%	2.5%	-3.5%	·	-3.7%	6.4%	-2.1%	·	3.4%

Likidite ve Solventlik 4

Metrik	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Current Ratio	0.6	0.5	·	0.4	0.4	0.5	·	0.5	0.5	0.5	·	0.6	0.6	0.6	·	0.6
Quick Ratio	0.5	0.4	·	0.3	0.3	0.4	·	0.4	0.4	0.4	·	0.4	0.5	0.5	·	0.5
Debt / Equity	3.7	2.6	·	1.5	1.1	0.9	·	0.9	0.9	1.0	·	0.9	0.8	0.9	·	0.9
LT Debt / Equity	2.2	1.5	·	0.7	0.5	0.4	·	0.5	0.4	0.4	·	0.4	0.3	0.4	·	0.5

Verimlilik 2

Metrik	Eğilim	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Asset Turnover		0.2	0.1	·	0.1	0.2	0.2	·	0.2	0.2	0.2	·	0.2	0.2	0.2	·	0.2
Receivables Turnover		10.4	9.6	·	7.4	9.6	9.8	·	7.3	10.5	8.9	·	10.1	12.6	10.9	·	15.9

Hisse Başına 5

Metrik	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Book Value / Share	$0.59	$0.97	·	$1.90	$2.22	$2.50	·	$2.45	$2.32	$2.16	·	$2.45	$2.56	$2.23	·	$2.15
Revenue / Share	$5.56	$4.32	·	$3.88	$4.08	$4.02	·	$4.14	$4.29	$3.87	·	$4.00	$4.39	$3.89	·	$4.12
Cash Flow / Share	·	$0.17	·	·	·	$-0.38	·	·	·	$-0.10	·	·	·	$-0.11	·	·
Cash / Share	$4.15	$3.36	·	$2.48	$2.47	$3.01	·	$2.57	$2.93	$2.78	·	$2.90	$3.53	$3.62	·	$3.10
EPS (TTM)	$-1.67	$-1.59	·	$-0.60	$-0.15	$0.30	·	$-0.03	$-0.28	$-0.11	·	$0.31	$0.58	$0.33	·	$-0.57

Değerleme (TTM) 11

Metrik	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Revenue TTM	$4.15B	$3.80B	·	$3.73B	$3.78B	$3.82B	·	$3.66B	$3.61B	$3.61B	·	$3.60B	$3.63B	$3.57B	·	$3.03B
Net Income TTM	$-386M	$-366M	·	$-136M	$-33M	$68M	·	$-6M	$-64M	$-24M	·	$66M	$129M	$71M	·	$-130M
Market Cap	$1.82B	$811M	·	$1.01B	$828M	$988M	·	$1.20B	$1.11B	$1.82B	·	$1.07B	$2.13B	$2.15B	·	$2.11B
Enterprise Value	$1.37B	$622M	·	$1.11B	$825M	$809M	·	$1.09B	$901M	$1.66B	·	$916M	$1.78B	$1.79B	·	$1.86B
P/E	-4.7	-2.2	·	-7.4	-24.2	14.5	·	-178.3	-17.6	-73.7	·	15.6	16.7	29.8	·	-17.0
P/S	0.4	0.2	·	0.3	0.2	0.3	·	0.3	0.3	0.5	·	0.3	0.6	0.6	·	0.7
P/B	13.4	3.7	·	2.3	1.6	1.7	·	2.2	2.1	3.8	·	2.0	3.8	4.4	·	4.5
P / Tangible Book	16.7	4.2	·	2.5	1.7	1.8	·	2.3	2.2	4.0	·	2.1	4.0	4.7	·	4.8
P / Cash Flow	·	20.3	·	·	·	-11.5	·	·	·	-82.5	·	·	·	-86.0	·	·
EV / Revenue	0.3	0.2	·	0.3	0.2	0.2	·	0.3	0.2	0.5	·	0.3	0.5	0.5	·	0.6
Earnings Yield	-21.1%	-45.0%	·	-13.6%	-4.1%	6.9%	·	-0.56%	-5.7%	-1.4%	·	6.4%	6.0%	3.4%	·	-5.9%

En son dönem solda · null değerler · olarak gösterilir

Finansal Tablolar Gelir tablosu, bilanço, nakit akışı — yıllık, son 5 yıl

16

Metrik	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Gelir	$3.72B	$3.77B	$3.59B	$3.33B	$2.06B
Faaliyet Kâr Marjı %	-4.0%	1.5%	-0.08%	-1.4%	-5.7%
Net Gelir	$-137M	$85M	$-11M	$-37M	$-102M
Seyreltilmiş Hisse Başı Kâr	$-0.60	$0.37	$-0.05	$-0.17	$-0.48

Metrik	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Borç / Öz Sermaye	1.3	0.8	0.9	0.8	0.8
Cari Oran	0.5	0.5	0.5	0.7	0.8
Cari Oran	0.4	0.4	0.4	0.5	0.7

Metrik	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Serbest Nakit Akışı	$-600M	$-158M	$-312M	$-119M	$189M

Kurumsal Sahipler (13F) 203 dosya · $1.1B toplam · Tarih itibarıyla 30 Eylül 2026

17

Çeyreklik SEC Form 13F'lerinde bu hisse senedini tuttuklarını bildiren kurumlar. Yalnızca uzun pozisyonlar; tek bir başvuru sahibi, ayrı opsiyon bacakları için iki kez görünebilir. Büyük dengeleyici alım/satım bacakları genellikle piyasa yapımını veya korunmuş envanteri yansıtır, yönlü bir inancı değil.

Sahipler 203

Tutulan Değer $1.1B

Yeni pozisyonlar 46

Çıkan pozisyonlar 21

Kurumsal faaliyet — Q2 2026 ve önceki çeyrek

Yeni pozisyonlar	Çıkan pozisyonlar	Artırıldı	Azaldı	Net hisse senedi değişimi
46 (+13 önceki Ç'ye göre)	21 (-2 önceki Ç'ye göre)	69 (+28 önceki Ç'ye göre)	48 (-20 önceki Ç'ye göre)	+10.4M

Q1 2026 ile karşılaştırıldı. SEC Form 13F başvuruları, çeyrek sonundan itibaren 45 gün içinde ve geç başvuranlar için kısa bir ek süre içinde tamamlanmalıdır — bu pencere içindeki çeyrekler, en son tam olarak raporlanan çifte tercih edilerek atlanır.

Kurum	Değer	Hisse senetleri	% izlenen 13F'nin	Tür
Indigo Partners LLC	$253.847.775	32.092.007	22,95%	Hisse senetleri
Wildcat Capital Management, LLC	$221.965.286	28.061.351	20,07%	Hisse senetleri
BlackRock, Inc.	$47.204.772	5.967.733	4,27%	Hisse senetleri
U S GLOBAL INVESTORS INC	$38.874.921	4.914.655	3,52%	Hisse senetleri
TWO SIGMA INVESTMENTS, LP	$37.031.171	4.681.564	3,35%	Hisse senetleri
VANGUARD GROUP INC	$35.761.160	7.592.603	3,23%	Hisse senetleri
MARSHALL WACE, LLP	$33.260.609	4.204.881	3,01%	Hisse senetleri
VANGUARD CAPITAL MANAGEMENT LLC	$28.904.516	3.654.174	2,61%	Hisse senetleri
JANE STREET GROUP, LLC	$28.233.440	3.569.335	2,55%	Hisse senetleri
VANGUARD PORTFOLIO MANAGEMENT LLC	$26.685.366	3.373.624	2,41%	Hisse senetleri
MILLENNIUM MANAGEMENT LLC	$22.764.988	2.878.001	2,06%	Hisse senetleri
DIMENSIONAL FUND ADVISORS LP	$19.765.785	2.499.595	1,79%	Hisse senetleri
STATE STREET CORP	$19.099.462	2.414.597	1,73%	Hisse senetleri
Ancient Art, L.P.	$18.945.391	2.395.119	1,71%	Hisse senetleri
GEODE CAPITAL MANAGEMENT, LLC	$15.145.202	1.914.167	1,37%	Hisse senetleri
Balyasny Asset Management L.P.	$13.905.994	1.758.027	1,26%	Hisse senetleri
CITADEL ADVISORS LLC	$13.904.759	1.757.871	1,26%	Hisse senetleri
TUDOR INVESTMENT CORP ET AL	$12.795.809	1.617.675	1,16%	Hisse senetleri
Silver Point Capital L.P.	$12.141.850	1.535.000	1,10%	Hisse senetleri
Point72 Asset Management, L.P.	$11.397.820	1.440.938	1,03%	Hisse senetleri
RENAISSANCE TECHNOLOGIES LLC	$11.039.196	1.395.600	1,00%	Hisse senetleri
D. E. Shaw & Co., Inc.	$9.567.366	1.209.528	0,87%	Hisse senetleri
GOLDMAN SACHS GROUP INC	$9.384.685	1.186.433	0,85%	Hisse senetleri
JPMORGAN CHASE & CO	$9.203.348	1.227.113	0,83%	Hisse senetleri
BANK OF AMERICA CORP /DE/	$7.336.801	927.535	0,66%	Hisse senetleri
Jump Financial, LLC	$7.185.444	908.400	0,65%	Hisse senetleri
MORGAN STANLEY	$6.240.250	788.906	0,56%	Hisse senetleri
TWO SIGMA ADVISERS, LP	$5.671.617	1.204.165	0,51%	Hisse senetleri
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$5.300.950	670.158	0,48%	Hisse senetleri
Prentice Capital Management, LP	$4.971.965	628.567	0,45%	Hisse senetleri
NORTHERN TRUST CORP	$4.788.714	605.400	0,43%	Hisse senetleri
CITIGROUP INC	$4.745.549	599.943	0,43%	Hisse senetleri
VANGUARD FIDUCIARY TRUST CO	$4.634.358	585.886	0,42%	Hisse senetleri
LAZARD ASSET MANAGEMENT LLC	$4.507.893	569.898	0,41%	Hisse senetleri
Walleye Capital LLC	$4.477.408	566.044	0,40%	Hisse senetleri
UBS Group AG	$4.376.920	553.340	0,40%	Hisse senetleri
PRIMECAP MANAGEMENT CO/CA/	$3.914.659	494.900	0,35%	Hisse senetleri
Invesco Ltd.	$3.865.372	488.669	0,35%	Hisse senetleri
Russell Investments Group, Ltd.	$3.781.791	478.102	0,34%	Hisse senetleri
AQR CAPITAL MANAGEMENT LLC	$3.640.008	460.178	0,33%	Hisse senetleri
Creative Planning	$3.092.735	390.990	0,28%	Hisse senetleri
Nuveen, LLC	$2.772.075	350.452	0,25%	Hisse senetleri
Blueshift Asset Management, LLC	$2.753.313	348.080	0,25%	Hisse senetleri
Voleon Capital Management LP	$2.473.449	312.699	0,22%	Hisse senetleri
CastleKnight Management LP	$2.379.328	300.800	0,22%	Hisse senetleri
BNP PARIBAS FINANCIAL MARKETS	$2.239.487	283.121	0,20%	Hisse senetleri
Crawford Fund Management, LLC	$2.135.700	270.000	0,19%	Satım opsiyonu
Squarepoint Ops LLC	$2.104.060	266.000	0,19%	Hisse senetleri
OCCUDO QUANTITATIVE STRATEGIES LP	$2.040.590	257.976	0,18%	Hisse senetleri
Aquatic Capital Management LLC	$1.983.211	250.722	0,18%	Hisse senetleri

Tüm 203 kurumsal sahibi göster →

Şirket yöneticileri 29 içeriden öğrenenler · 14 yöneticiler · 14 yönetim kurulu üyeleri

19

İçeriden Öğrenen	Rol	Son işlem	Sahip olunan hisse senetleri	Satışlar 12ay	Net 12ay
James G. Dempsey	President & CEO	08 Şubat 2026 M	347.613	0	$0
Barry Biffle	CEO	11 Aralık 2025 S	631.836	5	$-1.640.444
Mark Christopher Mitchell	SVP & CFO	05 Ağustos 2026 S	53.785	1	$-1.011.250
Jeffrey Mathew	SVP, Chief Information Officer	22 Eylül 2026 M	46.627	0	$0
Steve Schuller	SVP, Human Resources	04 Eylül 2026 S	79.675	5	$-240.500
Alexandre Clerc	SVP, Customers	04 Eylül 2026 S	34.008	4	$-125.865
Josh A Wetzel	VP & CAO	04 Ağustos 2026 S	10.061	2	$-80.125
Trevor J. Stedke	Sr. Vice President, Operations	04 Ağustos 2026 S	0	2	$-1.792.859
Howard Diamond	EVP, Legal & Corporate Affairs	04 Ağustos 2026 S	133.126	1	$-199.609
Robert Schroeter	SVP, Chief Commercial Officer	25 Mart 2026 M	107.989	0	$0
Rajat Khanna	SVP & CIO	25 Ekim 2024 M	90.773	0	$0
Jacob F. Filene	Sr. Vice President, Customers	12 Nisan 2023 S	27.778	0	$0
Daniel M. Shurz	Sr. Vice President, Commercial	02 Nisan 2023 A	66.580	0	$0
Craig R. Maccubbin	SVP & CIO	15 Mart 2023 M	23.167	0	$0
Barron Elliot Steele	Yönetim kurulu üyesi	15 Haziran 2026 A	·	0	$0
Anthony David Salcido	Yönetim kurulu üyesi	14 Mayıs 2026 A	6.721	0	$0
Ofelia Kumpf	Yönetim kurulu üyesi	14 Mayıs 2026 A	98.409	0	$0
Josh T. Connor	Yönetim kurulu üyesi	14 Mayıs 2026 A	175.735	0	$0
Brian H. Franke	Yönetim kurulu üyesi	14 Mayıs 2026 A	4.529.345	0	$0
Robert J. Genise	Yönetim kurulu üyesi	14 Mayıs 2026 A	364.764	0	$0
Andrew S. Broderick	Yönetim kurulu üyesi	14 Mayıs 2026 A	882.671	0	$0
Nancy Lipson	Yönetim kurulu üyesi	14 Mayıs 2026 A	60.524	0	$0
Patricia Salas Pineda	Yönetim kurulu üyesi	14 Mayıs 2026 A	149.763	0	$0
Alejandro Daniel Wolff	Yönetim kurulu üyesi	14 Mayıs 2026 A	124.413	0	$0
Michael R Macdonald	Yönetim kurulu üyesi	15 Mayıs 2025 M	118.227	0	$0
FRANKE WILLIAM A	Yönetim kurulu üyesi	25 Mayıs 2023 A	21.666	0	$0
Group Holdings - Frontier LLC	10% sahip	09 Temmuz 2026 S	22.706.526	1	$-84.240.000
Indigo Frontier Holdings Company, LLC	10% sahip	05 Nisan 2024 J	0	0	$0
Bernard L Han	·	14 Mayıs 2026 A	448.857	0	$0

SEC Form 3/4/5 başvurularından yöneticiler; net = yalnızca açık piyasa Alış/Satış

ETF sahipliği 28 ETF'ler tarafından tutuluyor

20

Ağırlık yalnızca doğrudan öz sermaye varlıklarını (N-PORT) yansıtır; kaldıraçlı veya türev tabanlı fonlar gösterilmeyen ek swap pozisyonlarına sahip olabilir.

Fon	Ağırlık	Birimler	Tarih itibarıyla	Kaynak
IYT · iShares Trust	0,06%	226.406 SH	11 Eylül 2026	Günlük
TPOR · Direxion Shares ETF Trust	0,03%	844 NS	31 Temmuz 2026	N-PORT
VTWG · VANGUARD SCOTTSDALE FUNDS	0,03%	63.843 SH	19 Ağustos 2026	Günlük
PRFZ · Invesco Exchange-Traded Fund Trust	0,03%	118.998 SH	02 Ekim 2026	Günlük
IWO · iShares Trust	0,02%	559.040 SH	11 Eylül 2026	Günlük
VBK · VANGUARD INDEX FUNDS	0,02%	1.057.969 SH	19 Ağustos 2026	Günlük
DFAS · Dimensional ETF Trust	0,02%	375.476 NS	31 Temmuz 2026	N-PORT
RSSL · Global X Funds	0,01%	28.329 NS	31 Temmuz 2026	N-PORT
IWM · iShares Trust	0,01%	1.548.770 SH	11 Eylül 2026	Günlük
VXF · VANGUARD INDEX FUNDS	0,01%	981.479 SH	19 Ağustos 2026	Günlük
VB · VANGUARD INDEX FUNDS	0,01%	1.839.321 SH	19 Ağustos 2026	Günlük
VTWO · VANGUARD SCOTTSDALE FUNDS	0,01%	342.551 SH	19 Ağustos 2026	Günlük
VIS · VANGUARD WORLD FUND	0,01%	65.517 SH	19 Ağustos 2026	Günlük
ISCG · iShares Trust	0,01%	14.596 SH	11 Eylül 2026	Günlük
TILT · FlexShares Trust	0,01%	26.560 NS	31 Temmuz 2026	N-PORT
DFAC · Dimensional ETF Trust	0,01%	438.289 NS	31 Temmuz 2026	N-PORT
FIDU · FIDELITY COVINGTON TRUST	0,01%	18.245 NS	31 Temmuz 2026	N-PORT
WSML · iShares Trust	0,00%	5.107 SH	11 Eylül 2026	Günlük
DCOR · Dimensional ETF Trust	0,00%	9.338 NS	31 Temmuz 2026	N-PORT
DXUV · Dimensional ETF Trust	0,00%	1.561 NS	31 Temmuz 2026	N-PORT
DFAU · Dimensional ETF Trust	0,00%	30.433 NS	31 Temmuz 2026	N-PORT
ITOT · iShares Trust	0,00%	136.360 SH	11 Eylül 2026	Günlük
DFUS · Dimensional ETF Trust	0,00%	12.015 NS	31 Temmuz 2026	N-PORT
IWV · iShares Trust	0,00%	10.097 SH	03 Eylül 2026	Günlük
VTI · VANGUARD INDEX FUNDS	0,00%	2.588.340 SH	19 Ağustos 2026	Günlük
VTHR · VANGUARD SCOTTSDALE FUNDS	0,00%	4.423 SH	19 Ağustos 2026	Günlük
ISCB · iShares Trust	·	3.816 SH	11 Eylül 2026	Günlük
ISCV · iShares Trust	·	8.225 SH	11 Eylül 2026	Günlük

ULCC Analist Uzlaşması Boğa ve ayı analist görüşleri, 12 aylık fiyat hedefi, yukarı yönlü potansiyel

21

derecelendirme · 17 analist TUT

Medyan hedef $6.00 -3,1%

0 0,0% Güçlü Al

0 0,0% Al

11 64,7% Tut

4 23,5% Sat

2 11,8% Güçlü Sat

12 Aylık Fiyat Hedefi

9 analist · 2026-10-03

Ortalama hedef $6.56 +5,9%

Şimdi Mevcut fiyat $6.19

Düşük$4.00 Ortalama$6.56 Yüksek$9.00

Akran karşılaştırması (GICS alt sektörü) Anahtar metrikler sektördeki benzerlerine karşı

22

Mali yıl bazında, fiyatlar her şirketin son mali yıl kapanışına göredir.

Hisse Sembolü	Piyasa Değeri	P/E	Gelir YoY	Net Kar Marjı	ROE	Brüt Kar Marjı
ULCC	$1.08B	-7.8	-1.4%	-3.7%	-27.5%	·
JOBY	$12.08B	-11.7	39183.1%	-1740.5%	-80.6%	·
ALK	$5.81B	60.6	21.3%	0.70%	2.5%	·
SKYW	$8.46B	9.7	15.0%	10.5%	16.1%	·
ALGT	·	-34.4	3.7%	·	·	·
JBLU	$1.68B	-2.7	-2.3%	-6.6%	-26.6%	·
RJET	$840M	9.8	251.9%	4.5%	11.8%	·
UP	$474M	-1.6	-7.0%	-40.0%	99.0%	·
DAL	$45.80B	9.1	2.8%	7.9%	26.1%	·

Son Haberler Bu şirketten bahseden son manşetler

23

What Does the Ultra Clean CFO's Sale of Company Shares Worth $1.3 Million Mean for Investors? Nasdaq · 3 ay, 3 hafta önce Citi, Frontier Group Holdings (ULCC) İçin Mali Q1 Sonuçlarının Ardından PT'yi Yükseltti Yahoo Finance · 4 ay, 1 hafta önce

Metriklerim Kişisel izleme listeniz — Tam Temeller'den seçilen satırlar

26

Sizin için önemli olan metrikleri seçin — Yukarıdaki Tam Temeller bölümündeki herhangi bir satırın yanındaki + işaretine tıklayın.

Seçiminiz kaydedildi ve tüm hisse senetlerinde sizinle birlikte gelir.

ULCC Frontier Group Holdings, Inc. - Common Stock