Frontier Group Holdings, Inc. (ULCC)
Nasdaq · Air Transportation, Scheduled · Transportation, communications and utilities · CIK 1670076 · fiscal year ends in Dec
Closing price $6.49 on 29 Oct 2026; 52-week range $3.10 to $8.06.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $4.6B
- Revenue growth
- 24.0%
- Net income, last twelve months
- -$413.0M
- Earnings per share
- -$1.79
- Operating margin
- -9.5%
- Net margin
- -8.9%
- Free cash flow
- $2.0M
- Return on equity
- -1116.2%
- Market value
- $1.5B
- Cash
- $976.0M
- Debt
- $486.0M
- Debt to equity
- 13.14
- Shares outstanding
- 230.3M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $3.7B | -$149.0M | -$137.0M | -$0.60 | -$600.0M | 10-K filed 18 Feb 2026 |
| FY2024 | 31 Dec 2024 | $3.8B | $58.0M | $85.0M | $0.37 | -$158.0M | 10-K filed 18 Feb 2025 |
| FY2023 | 31 Dec 2023 | $3.6B | -$3.0M | -$11.0M | -$0.05 | -$312.0M | 10-K filed 20 Feb 2024 |
| FY2022 | 31 Dec 2022 | $3.3B | -$45.0M | -$37.0M | -$0.17 | -$119.0M | 10-K filed 22 Feb 2023 |
| FY2021 | 31 Dec 2021 | $2.1B | -$117.0M | -$102.0M | -$0.48 | $189.0M | 10-K filed 23 Feb 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q3 FY2026 | 30 Sep 2026 | $1.4B | -$104.0M | -$0.45 |
| Q2 FY2026 | 30 Jun 2026 | $1.3B | -$90.0M | -$0.39 |
| Q1 FY2026 | 31 Mar 2026 | $992.0M | -$272.0M | -$1.18 |
| Q4 FY2025 | 31 Dec 2025 | $997.0M | $53.0M | $0.23 |
| Q3 FY2025 | 30 Sep 2025 | $886.0M | -$77.0M | -$0.34 |
| Q2 FY2025 | 30 Jun 2025 | $929.0M | -$70.0M | -$0.31 |
| Q1 FY2025 | 31 Mar 2025 | $912.0M | -$43.0M | -$0.19 |
| Q4 FY2024 | 31 Dec 2024 | $1.0B | $54.0M | $0.23 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By product, FY2025
| Segment | Revenue | Share |
|---|---|---|
| Passenger | $3.6B | 96.6% |
| Other | $126.0M | 3.4% |
Company events
The newest 8-K filings of 78 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 28 Oct 2026 | 8-K | Results | 2.02, 9.01 |
| 31 Aug 2026 | 8-K | Restructuring, Other events | 2.05, 8.01 |
| 29 Jul 2026 | 8-K | Results | 2.02, 9.01 |
| 17 Jul 2026 | 8-K | Leadership change | 5.02 |
| 7 Jul 2026 | 8-K | Material agreement | 1.01 |
| 30 Jun 2026 | 8-K | Material agreement, New debt | 1.01, 2.03 |
| 12 Jun 2026 | 8-K | Leadership change | 5.02 |
| 15 May 2026 | 8-K | Shareholder vote | 5.07 |
| 5 May 2026 | 8-K | Results | 2.02, 9.01 |
| 17 Mar 2026 | 8-K | Material agreement, Restructuring | 1.01, 2.05 |
| 17 Mar 2026 | 8-K | Investor update | 7.01 |
| 11 Feb 2026 | 8-K | Results | 2.02, 9.01 |
Every filing
The newest filings with the SEC of 215 held.
| Filed | Form | Period |
|---|---|---|
| 28 Oct 2026 | 10-Q | 30 Sep 2026 |
| 28 Oct 2026 | 8-K | 28 Oct 2026 |
| 31 Aug 2026 | 8-K | 25 Aug 2026 |
| 29 Jul 2026 | 10-Q | 30 Jun 2026 |
| 29 Jul 2026 | 8-K | 29 Jul 2026 |
| 17 Jul 2026 | 8-K | 14 Jul 2026 |
| 7 Jul 2026 | 8-K | 30 Jun 2026 |
| 30 Jun 2026 | 8-K | 24 Jun 2026 |
| 12 Jun 2026 | 8-K | 9 Jun 2026 |
| 15 May 2026 | 8-K | 14 May 2026 |
| 5 May 2026 | 10-Q | 31 Mar 2026 |
| 5 May 2026 | 8-K | 5 May 2026 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 4 Sep 2026 | Clerc Alexandre, SVP, Customers | Sale outside a trading plan | 3,480 | $5.71 | $19.9K | 34,008 | 9 Sep 2026 |
| 4 Sep 2026 | Schuller Steve, SVP, Human Resources | Sale under a trading plan | 7,500 | $6.00 | $45.0K | 79,675 | 9 Sep 2026 |
| 5 Aug 2026 | Mitchell Mark Christopher, SVP & CFO | Sale outside a trading plan | 125,000 | $8.09 | $1.0M | 53,785 | 6 Aug 2026 |
| 4 Aug 2026 | Diamond Howard, EVP, Legal & Corporate Affairs | Sale outside a trading plan | 24,195 | $8.25 | $199.6K | 133,126 | 6 Aug 2026 |
| 4 Aug 2026 | Wetzel Josh A, VP & CAO | Sale outside a trading plan | 2,000 | $8.00 | $16.0K | 10,061 | 6 Aug 2026 |
| 4 Aug 2026 | Stedke Trevor J., Sr. Vice President, Operations | Sale outside a trading plan | 167,277 | $8.03 | $1.3M | 0 | 6 Aug 2026 |
| 4 Aug 2026 | Clerc Alexandre, SVP, Customers | Sale outside a trading plan | 3,068 | $8.17 | $25.1K | 37,488 | 4 Aug 2026 |
| 3 Aug 2026 | Schuller Steve, SVP, Human Resources | Sale outside a trading plan | 10,000 | $7.55 | $75.5K | 87,175 | 4 Aug 2026 |
| 31 Jul 2026 | Clerc Alexandre, SVP, Customers | Sale outside a trading plan | 7,142 | $7.13 | $50.9K | 40,556 | 4 Aug 2026 |
| 9 Jul 2026 | Group Holdings - Frontier Llc, 10% owner | Sale outside a trading plan | 11,700,000 | $7.20 | $84.2M | 22,706,526 | 13 Jul 2026 |
| 5 Jun 2026 | Schuller Steve, SVP, Human Resources | Sale outside a trading plan | 10,000 | $6.00 | $60.0K | 97,175 | 9 Jun 2026 |
| 2 Jun 2026 | Clerc Alexandre, SVP, Customers | Sale outside a trading plan | 5,060 | $5.93 | $30.0K | 47,698 | 4 Jun 2026 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 4 Sep 2026 | Alexandre Clerc, Officer | 3,480 | $19.9K | 4 Sep 2026 |
| 4 Sep 2026 | Schuller Steve, Officer | 7,500 | $43.1K | 4 Sep 2026 |
| 5 Aug 2026 | MARK MITCHELL, Officer | 125,000 | $968.8K | 5 Aug 2026 |
| 4 Aug 2026 | JOSHUA WETZEL, Officer | 2,000 | $16.0K | 4 Aug 2026 |
| 4 Aug 2026 | ALEXANDRE CLERC, Officer | 3,068 | $25.1K | 4 Aug 2026 |
| 4 Aug 2026 | HOWARD DIAMOND, Officer | 24,195 | $199.6K | 4 Aug 2026 |
| 4 Aug 2026 | TREVOR STEDKE, Officer | 167,277 | $1.3M | 4 Aug 2026 |
| 3 Aug 2026 | STEVEN SCHULLER, Officer | 10,000 | $75.5K | 3 Aug 2026 |
| 31 Jul 2026 | ALEXANDRE CLERC, Officer | 7,142 | $50.9K | 31 Jul 2026 |
| 9 Jul 2026 | Group Holdings - Frontier LLC, 10% owner | 11,700,000 | $90.1M | 9 Jul 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 13 Jul 2026 | Group Holdings - Frontier LLC | 13G amended | 9.9% | 22.7M |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 24.8M | +5.35% | 8.7 |
| 30 Sep 2026 | 23.5M | -3.01% | 9.39 |
| 15 Sep 2026 | 24.3M | -1.95% | 9.93 |
| 31 Aug 2026 | 24.7M | +6.6% | 10.36 |
| 14 Aug 2026 | 23.2M | -1.22% | 7.33 |
| 31 Jul 2026 | 23.5M | -1.06% | 5.58 |
| 15 Jul 2026 | 23.7M | +0.37% | 5.97 |
| 30 Jun 2026 | 23.7M | -0.86% | 5.65 |
Funds that hold it
From each fund's latest Form 13F.
203 funds held it at 30 Jun 2026: 106 added and 44 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| Indigo Partners LLC | 32,092,007 | $253.8M | 0 |
| Wildcat Capital Management, LLC | 28,061,351 | $222.0M | 0 |
| BlackRock, Inc. | 5,967,733 | $47.2M | +684,650 |
| U S Global Investors Inc. | 4,914,655 | $38.9M | -1,866,757 |
| Two Sigma Investments, LP | 4,681,564 | $37.0M | +2,413,508 |
| Marshall Wace, LLP | 4,204,881 | $33.3M | +173,362 |
| Vanguard Capital Management LLC | 3,654,174 | $28.9M | +64,217 |
| Jane Street Group, LLC | 3,569,335 | $28.2M | +2,596,903 |
| Vanguard Portfolio Management LLC | 3,373,624 | $26.7M | +101,144 |
| Millennium Management LLC | 2,878,001 | $22.8M | +2,596,938 |
Peers
Companies in the same industry.
- Delta Air Lines, Inc. (DAL): revenue $71.8B, market value $53.7B
- United Airlines Holdings, Inc. (UAL): revenue $65.6B, market value $34.2B
- Southwest Airlines Co. (LUV): revenue $31.5B, market value $21.4B
- American Airlines Group Inc. (AAL): revenue $61.0B, market value $8.5B
- Alaska Air Group, Inc. (ALK): revenue $14.8B, market value $4.0B
- Skywest Inc. (SKYW): revenue $4.2B, market value $3.7B
- Allegiant Travel Co. (ALGT): revenue $2.9B, market value $2.0B
- JetBlue Airways Corp. (JBLU): revenue $10.0B, market value $1.2B