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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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Home›ULCC›Financials
Annual statements · SEC XBRL · FY2019 – FY2025

Frontier Group Holdings, Inc. (ULCC) financials

Income statement

Frontier Group Holdings, Inc. (ULCC) income statement, annual, from SEC filings
Fiscal yearFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$2.51B$1.25B$2.06B$3.33B$3.59B$3.77B$3.72B
Revenue growth—-50.2%64.8%61.5%7.9%5.2%-1.4%
Operating income$309M-$365M-$117M-$45.0M-$3.00M$58.0M-$149M
Operating margin12.3%-29.2%-5.7%-1.4%-0.1%1.5%-4.0%
Net income$251M-$225M-$102M-$37.0M-$11.0M$85.0M-$137M
Net margin10.0%-18.0%-5.0%-1.1%-0.3%2.3%-3.7%
EPS (diluted)$1.19-$1.13-$0.48-$0.17-$0.05$0.37-$0.60

Cash flow

Frontier Group Holdings, Inc. (ULCC) cash flow, annual, from SEC filings
Fiscal yearFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$171M-$557M$216M-$78.0M-$261M-$82.0M-$525M
Capital expenditures$45.0M$16.0M$27.0M$41.0M$51.0M$76.0M$75.0M
Free cash flow$126M-$573M$189M-$119M-$312M-$158M-$600M
Dividends paid$159M$0.00$0.00$1.00M$1.00M$0.00—

Balance sheet

Frontier Group Holdings, Inc. (ULCC) balance sheet, annual, from SEC filings
Fiscal yearFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$768M$378M$918M$761M$609M$740M$671M
Total assets—$3.55B$4.24B$4.50B$4.99B$6.15B$7.22B
Total liabilities—$3.24B$3.71B$3.99B$4.49B$5.55B$6.73B
Long-term debt—$247M$287M$272M$219M$241M$313M
Shareholders' equity$542M$310M$530M$509M$507M$604M$491M
Retained earnings—$261M$159M$122M$111M$196M$59.0M
Shares (wtd avg diluted)200M199M211M218M220M226M228M

Every figure is extracted from Frontier Group Holdings, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is Frontier Group Holdings, Inc.'s annual revenue?
Frontier Group Holdings, Inc. (ULCC) reported $3.72B of revenue for fiscal year 2025 — down 1.4% from $3.77B in FY2024, per its annual report filed with the SEC.
Is Frontier Group Holdings, Inc. profitable?
Not in FY2025 — ULCC reported a net loss of $137M, per SEC filings.
What is Frontier Group Holdings, Inc.'s free cash flow?
-$600M in FY2025 (operating cash flow -$525M minus $75.0M of capital expenditures), from the SEC cash-flow statement.
Does ULCC pay a dividend?
Frontier Group Holdings, Inc. reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full ULCC analysis — verdict, score & filings →Is ULCC a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.