ULCC · XBRL financial data
Frontier Group Holdings financial statements, every fiscal year
The same tables from 5 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (ULCC's year ends in late December)
| In millions of dollars | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|
| Revenue from contracts with customers | 2,060 | 3,326 | 3,589 | 3,775 | 3,724 |
| Other operating income (expense) | — | (153) | (141) | 49 | (4) |
| Operating income (loss) | (117) | (45) | (3) | 58 | (149) |
| Interest income | 2 | 10 | 36 | 32 | 26 |
| Interest expense | — | 21 | 29 | 36 | 46 |
| Income tax expense (benefit) | (42) | (8) | 43 | 1 | 3 |
| Net income (loss) | (102) | (37) | (11) | 85 | (137) |
| Earnings per share, basic USD per share | (0.48) | (0.17) | (0.05) | 0.37 | (0.60) |
| Earnings per share, diluted USD per share | (0.48) | (0.17) | (0.05) | 0.37 | (0.60) |
| Weighted average shares, basic millions of shares | 211 | 218 | 220 | 224 | 228 |
| Weighted average shares, diluted millions of shares | 211 | 218 | 220 | 226 | 228 |
Balance sheet
CSVFiscal years (ULCC's year ends in late December)
| In millions of dollars | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 918 | 761 | 609 | 740 | 671 |
| Accounts receivable | 50 | 90 | 93 | 73 | 85 |
| Total current assets | 1,037 | 1,020 | 871 | 990 | 958 |
| Property and equipment, net | 186 | 226 | 309 | 376 | 510 |
| Right-of-use asset | 2,426 | 2,484 | 2,964 | 3,930 | 4,806 |
| Total assets | 4,235 | 4,499 | 4,993 | 6,153 | 7,220 |
| Accounts payable | 86 | 89 | 134 | 115 | 130 |
| Current portion of long-term debt | 127 | 157 | 251 | 261 | 301 |
| Total current liabilities | 1,326 | 1,555 | 1,658 | 1,852 | 2,103 |
| Long-term debt | 287 | 272 | 219 | 241 | 313 |
| Lease liability, non-current | 1,991 | 2,034 | 2,440 | 3,302 | 4,070 |
| Total liabilities | 3,705 | 3,990 | 4,486 | 5,549 | 6,729 |
| Retained earnings | 159 | 122 | 111 | 196 | 59 |
| Total stockholders' equity | 530 | 509 | 507 | 604 | 491 |
| Total liabilities and equity | 4,235 | 4,499 | 4,993 | 6,153 | 7,220 |
| Common shares outstanding (cover page) millions of shares | 217 | 218 | 223 | 227 | 230 |
Cash flows
CSVFiscal years (ULCC's year ends in late December)
| In millions of dollars | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|
| Net income (loss) | (102) | (37) | (11) | 85 | (137) |
| Stock-based compensation | 11 | 15 | 14 | 16 | 21 |
| Net cash from operating activities | 216 | (78) | (261) | (82) | (525) |
| Net cash from investing activities | (67) | (154) | (90) | (75) | (99) |
| Dividends paid | 0 | 1 | 1 | 0 | — |
| Proceeds from long-term debt | 163 | 273 | — | — | — |
| Repayments of long-term debt | 97 | 266 | 131 | 447 | 380 |
| Net cash from financing activities | 391 | 75 | 199 | 288 | 555 |
| Net change in cash | 540 | (157) | (152) | 131 | (69) |
Compare with peers
SIC 4512 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 4512 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| Frontier Group Holdings | 976 | 1,355 | (41)* | 230.4M | — | 10-QSep 30, 2026 |
| Spirit Aviation Holdings | 273 | 806* | (51)* | 28.3M | 5.4 quarters | 10-KDec 31, 2025 |
| FedEx Freight Holding Company | 388 | 2,442 | not reported | 149.5M | — | 10-QSep 30, 2026 |
| Sun Country Airlines Holdings | 154 | 338 | 30 | 54.2M | — | 10-QMar 31, 2026 |
| Allegiant Travel | 509 | 943 | 46* | 27.3M | — | 10-QJun 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.