Stocks Consumer discretionary ULCC
NASDAQ · Consumer discretionaryFrontier Group Holdings, Inc. (ULCC)
Frontier Group Holdings, Inc. brought in $4.6B of revenue over the twelve months to September 30, 2026, up 24.0% from a year earlier. It posted a net loss of $413M. In fiscal 2025 capital spending exceeded operating cash flow by $600M. At September 30, 2026 it held $976M in cash against $486M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 28, 2026.
Key facts about Frontier Group Holdings, Inc.
- Net worth
- Frontier Group Holdings, Inc. has a market value (market cap) of $1.9B at the latest share price, and shareholders' equity of $37M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $3.7B (-1.4% year on year), with a net loss of $137M. Over the 12 months to September 30, 2026: revenue $4.6B, net loss $413M.
- Cash flow
- In fiscal 2025 operations used $525M of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 28, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Frontier Group Holdings, Inc.'s next report is expected around December 14, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
What Frontier Group Holdings, Inc. does
Frontier Group Holdings, Inc. is registered with the SEC under industry code SIC 4512 (Air Transportation, Scheduled). Its shares trade on NASDAQ under the ticker ULCC.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $3.7B | -$137M | -$0.60 | -$600M |
| 2024 | $3.8B | $85M | $0.37 | -$158M |
| 2023 | $3.6B | -$11M | -$0.05 | -$312M |
| 2022 | $3.3B | -$37M | -$0.17 | -$119M |
| 2021 | $2.1B | -$102M | -$0.48 | $189M |
| 2021 | $1.3B | -$225M | -$1.13 | -$573M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where ULCC ranks in Consumer discretionary
Dividends
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2024 | $0.00 | $0 | 0% |
| 2023 | $0.00 | $1M | n/a |
| 2022 | $0.00 | $1M | n/a |
| 2021 | $0.00 | $0 | n/a |
| 2021 | $0.00 | $0 | n/a |
| 2019 | $0.76 | $159M | 63% |
Latest SEC filings
What Frontier Group Holdings, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 2, 2026
- October 28, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 53% to $1.4B versus the same quarter last year; diluted EPS -$0.45 versus -$0.34.
- October 28, 2026
- August 31, 2026
- July 29, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 38% to $1.3B versus the same quarter last year; diluted EPS -$0.39 versus -$0.31.
- July 29, 2026
- July 17, 2026
- July 13, 2026Passive stake changed SCHEDULE 13G/A
- July 7, 2026
- June 30, 2026
Insider trades
What the people running Frontier Group Holdings, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $706.5K worth of shares in the last 90 days and bought none on the open market. 42% of the selling was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 9, 2026 | Wetzel Josh AVP & CAO | Sold | 2,000 | $16K |
| November 6, 2026 | Stedke Trevor J.Sr. Vice President, Operations | Soldpre-planned (10b5-1) | 34,180 | $251.4K |
| November 6, 2026 | Wetzel Josh AVP & CAO | Sold | 5,000 | $37.5K |
| November 5, 2026 | Schroeter RobertSVP, Chief Marketing Officer | Sold | 37,914 | $262.4K |
| November 5, 2026 | Wetzel Josh AVP & CAO | Sold | 5,000 | $35K |
| November 5, 2026 | Clerc AlexandreSVP, Customers | Sold | 5,520 | $39.3K |
| October 25, 2026 | Diamond HowardEVP, Legal & Corporate Affairs | Exercised options | 62,934 | - |
| October 25, 2026 | Diamond HowardEVP, Legal & Corporate Affairs | Shares withheld for tax | 27,533 | $136K |
Who owns ULCC
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| William A. Franke13G, passive with 2 related filers | 44.1% | November 13, 2024 |
| Group Holdings - Frontier LLC13G, passive | 9.9% | July 13, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 178 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Indigo Partners LLC | 32,092,007 | 0 |
| Wildcat Capital Management, LLC | 28,061,351 | 0 |
| BlackRock, Inc. | 5,967,733 | +684,650 |
| U S Global Investors Inc | 4,914,655 | -1,866,757 |
| Two Sigma Investments, LP | 4,681,564 | +2,413,508 |
| Marshall Wace, Llp | 4,204,881 | +173,362 |
| Vanguard Capital Management LLC | 3,654,174 | +64,217 |
| Jane Street Group, LLC | 3,569,335 | +2,596,903 |
| Vanguard Portfolio Management LLC | 3,373,624 | +101,144 |
| Millennium Management LLC | 2,878,001 | +2,596,938 |
| Dimensional Fund Advisors LP | 2,499,595 | +42,095 |
| State Street Corp | 2,414,597 | +128,327 |
| Ancient Art, L.P. | 2,395,119 | -727,585 |
| Geode Capital Management, LLC | 1,914,167 | +93,962 |
| Balyasny Asset Management L.P. | 1,758,027 | new |
| Citadel Advisors LLC | 1,757,871 | +1,222,012 |
| Tudor Investment Corp ET AL | 1,617,675 | +477,481 |
| Silver Point Capital L.P. | 1,535,000 | -2,120,000 |
| Point72 Asset Management, L.P. | 1,440,938 | +724,742 |
| Renaissance Technologies LLC | 1,395,600 | new |
Insiders
21 insiders reported holding 98,540,071 shares in total, about $797.2M at the last price.
| Holder | Shares |
|---|---|
| Franke William ADirector, 10% owner | 67,362,528 |
| Group Holdings - Frontier LLC10% owner | 22,706,526 |
| Franke Brian H.Director | 4,529,345 |
| Broderick Andrew S.Director | 882,671 |
| Biffle BarryCEO, Director | 631,836 |
| Dempsey James G.President & CEO, Director | 472,126 |
| Han Bernard LDirector | 448,857 |
| Genise Robert J.Director | 364,764 |
| Connor Josh T.Director | 175,735 |
| Diamond HowardEVP, Legal & Corporate Affairs | 168,527 |
Questions about ULCC
What does Frontier Group Holdings, Inc. do?
Frontier Group Holdings, Inc. is a company in the Consumer discretionary sector, listed on NASDAQ as ULCC. Its shares trade on NASDAQ under the ticker ULCC.
What is Frontier Group Holdings, Inc.'s net worth?
Frontier Group Holdings, Inc. has a market value (market cap) of $1.9B at the latest share price, and shareholders' equity of $37M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Frontier Group Holdings, Inc. profitable?
No. Over the twelve months to September 30, 2026 it reported a net loss of $413M on revenue of $4.6B.
How much revenue does Frontier Group Holdings, Inc. make?
Over the twelve months to September 30, 2026 Frontier Group Holdings, Inc. reported revenue of $4.6B. That is 24.0% more than a year earlier.
When did Frontier Group Holdings, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 28, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the planned insider sale from November 9, 2026.
When is Frontier Group Holdings, Inc.'s next earnings report?
Frontier Group Holdings, Inc.'s next report is expected around December 14, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Frontier Group Holdings, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.