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Jet.AI (JTAIZ) Financials

Annual Income Statements for Jet.AI

This table shows Jet.AI's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024	2025
Period end date	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-7.74	-13	-13	4.59
Consolidated Net Income / (Loss)	-7.74	-13	-13	4.59
Net Income / (Loss) Continuing Operations	-7.74	-13	-13	4.59
Total Pre-Tax Income	-7.74	-13	-13	4.59
Total Operating Income	-7.74	-13	-13	-10
Total Gross Profit	2.06	-0.18	-0.96	-0.30
Total Revenue	22	12	14	9.18
Operating Revenue	22	12	14	9.18
Total Cost of Revenue	20	12	15	9.48
Operating Cost of Revenue	20	12	15	9.48
Total Operating Expenses	9.79	12	12	9.77
Selling, General & Admin Expense	9.23	12	11	8.75
Marketing Expense	0.43	0.57	0.69	0.78
Research & Development Expense	0.14	0.16	0.16	0.24
Total Other Income / (Expense), net	0.00	-0.10	-0.17	15
Interest Expense	0.00	0.10	0.17	0.00
Interest & Investment Income	-	-	0.00	14
Other Income / (Expense), net	0.00	0.00	0.00	0.18
Income Tax Expense	0.00	0.00	0.00	0.00
Preferred Stock Dividends Declared	0.00	0.05	0.11	0.00
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	-	-	0.54	0.00
Basic Earnings per Share	($1.75)	($450.34)	($47.93)	$1.52
Weighted Average Basic Shares Outstanding	4.41M	28.12K	279.20K	3.03M
Diluted Earnings per Share	($1.75)	($450.34)	($47.93)	$0.33
Weighted Average Diluted Shares Outstanding	4.41M	28.12K	279.20K	13.77M
Weighted Average Basic & Diluted Shares Outstanding	4.18M	12.21M	2.19M	119.21M

This table shows Jet.AI's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-2.45	-4.29	-3.20	-3.26	-3.25	-3.44	-3.43	-3.17	-2.39	-1.97	12
Consolidated Net Income / (Loss)	-2.45	-4.29	-3.16	-3.23	-3.22	-2.88	-3.40	-3.17	-2.39	-1.97	12
Net Income / (Loss) Continuing Operations	-2.45	-4.29	-3.16	-3.23	-3.22	-2.88	-3.40	-3.17	-2.39	-1.97	12
Total Pre-Tax Income	-2.45	-4.29	-3.16	-3.23	-3.22	-2.88	-3.40	-3.17	-2.39	-1.97	12
Total Operating Income	-2.45	-4.27	-3.08	-3.15	-3.22	-2.88	-3.31	-3.17	-2.48	-2.04	-2.38
Total Gross Profit	-0.20	0.17	-0.07	-0.12	-0.42	-0.01	-0.41	-0.12	-0.11	-0.29	0.21
Total Revenue	2.79	3.37	4.18	3.85	3.08	3.92	3.17	3.47	2.23	1.71	1.77
Operating Revenue	2.79	3.37	4.18	3.85	3.08	3.92	3.17	3.47	2.23	1.71	1.77
Total Cost of Revenue	2.99	3.20	4.25	3.97	3.50	3.93	3.58	3.59	2.34	2.00	1.55
Operating Cost of Revenue	2.99	3.20	4.25	3.97	3.50	3.93	3.58	3.59	2.34	2.00	1.55
Total Operating Expenses	2.25	4.44	3.00	3.03	2.80	2.87	2.90	3.06	2.37	1.75	2.60
Selling, General & Admin Expense	2.12	4.23	2.76	2.55	2.66	2.75	2.80	2.65	2.25	1.41	2.44
Marketing Expense	0.10	0.16	0.19	0.45	0.10	0.08	0.06	0.29	0.08	0.30	0.10
Research & Development Expense	0.03	0.05	0.05	0.03	0.04	0.04	0.05	0.11	0.04	0.04	0.05
Total Other Income / (Expense), net	0.00	-0.02	-0.08	-0.08	0.00	0.00	-0.09	0.00	0.09	0.07	14
Other Income / (Expense), net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.09	0.07	0.02
Basic Earnings per Share	($0.54)	($137.55)	($113.95)	($64.08)	($56.66)	($43.82)	($12.30)	($1.85)	($0.92)	($0.59)	$4.00
Weighted Average Basic Shares Outstanding	4.52M	31.19K	28.12K	50.85K	57.36K	78.52K	279.20K	1.71M	2.58M	3.33M	3.03M
Diluted Earnings per Share	($0.54)	($137.55)	($113.95)	($64.08)	($56.66)	($43.82)	($12.30)	($1.85)	($0.92)	($0.59)	$4.00
Weighted Average Diluted Shares Outstanding	4.52M	31.19K	28.12K	50.85K	57.36K	78.52K	279.20K	1.71M	2.58M	3.33M	13.77M
Basic & Diluted Earnings per Share	-	-	($113.95)	-	-	-	($12.30)	-	-	-	$4.00
Weighted Average Basic & Diluted Shares Outstanding	8.72M	9.02M	12.21M	12.72M	24.58M	780.70K	2.19M	2.55M	3.26M	3.93M	119.21M

This table details how cash moves in and out of Jet.AI's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024	2025
Period end date	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	0.88	0.57	3.77	-4.05
Net Cash From Operating Activities	-0.10	-3.78	-8.23	-8.23
Net Cash From Continuing Operating Activities	-0.10	-3.78	-8.23	-8.23
Net Income / (Loss) Continuing Operations	-7.74	-13	-13	4.59
Consolidated Net Income / (Loss)	-7.74	-13	-13	4.59
Depreciation Expense	0.13	0.14	0.00	0.00
Amortization Expense	0.00	0.09	0.08	0.00
Non-Cash Adjustments To Reconcile Net Income	6.51	7.15	4.81	-12
Changes in Operating Assets and Liabilities, net	1.00	1.45	-0.39	-0.51
Net Cash From Investing Activities	0.29	-0.19	-2.41	-5.08
Net Cash From Continuing Investing Activities	0.29	-0.19	-2.41	-5.08
Purchase of Property, Plant & Equipment	0.00	-0.00	-0.01	0.00
Purchase of Investments	0.00	-0.10	-2.40	-0.77
Other Investing Activities, net	0.29	-0.04	0.00	-4.31
Net Cash From Financing Activities	0.69	4.55	14	9.25
Net Cash From Continuing Financing Activities	0.69	4.55	14	9.25
Repayment of Debt	-0.44	0.00	-0.67	0.00
Repurchase of Preferred Equity	-0.23	0.00	2.85	11
Repurchase of Common Equity	-1.69	-0.44	-1.87	-2.47
Issuance of Preferred Equity	-	0.00	1.50	0.00
Issuance of Common Equity	3.00	2.83	12	0.71
Other Financing Activities, net	0.00	1.66	0.74	0.00
Cash Interest Paid	0.00	0.00	0.17	0.00
Cash Income Taxes Paid	0.00	0.00	0.00	0.00

This table details how cash moves in and out of Jet.AI's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Change in Cash & Equivalents	-0.76	0.27	1.20	-1.50	-0.07	-0.22	5.56	6.37	-3.98	-4.79	-1.66
Net Cash From Operating Activities	-0.73	-0.83	-1.04	-2.52	-2.18	-0.14	-3.39	-2.18	-2.80	-3.93	0.69
Net Cash From Continuing Operating Activities	-0.73	-0.83	-1.04	-2.52	-2.18	-0.14	-3.39	-2.18	-2.80	-3.93	0.69
Net Income / (Loss) Continuing Operations	-2.45	-4.29	-3.16	-3.23	-3.22	-2.88	-3.40	-3.17	-2.39	-1.97	12
Consolidated Net Income / (Loss)	-2.45	-4.29	-3.16	-3.23	-3.22	-2.88	-3.40	-3.17	-2.39	-1.97	12
Depreciation Expense	0.03	0.03	0.03	0.03	0.03	-0.07	0.00	0.00	0.00	0.00	0.00
Non-Cash Adjustments To Reconcile Net Income	1.47	2.80	1.35	1.33	1.33	1.44	0.71	0.68	0.90	0.31	-14
Changes in Operating Assets and Liabilities, net	0.21	0.61	0.67	-0.74	-0.33	1.37	-0.69	0.30	-1.32	-2.28	2.79
Net Cash From Investing Activities	-0.03	-0.05	-0.02	-0.01	-0.00	0.00	-2.40	-1.18	-0.50	-0.55	-2.85
Net Cash From Continuing Investing Activities	-0.03	-0.05	-0.02	-0.01	-0.00	0.00	-2.40	-1.18	-0.50	-0.55	-2.85
Purchase of Investments	-	-	-	-	-	-	-2.40	-	-	-	-0.47
Other Investing Activities, net	-0.02	-0.04	-	0.00	-0.00	0.00	0.00	-1.18	-0.50	-0.25	-2.38
Net Cash From Financing Activities	-	1.14	2.26	1.03	2.12	-0.08	11	9.73	-0.68	-0.31	0.50
Net Cash From Continuing Financing Activities	-	1.14	2.26	1.03	2.12	-0.08	11	9.73	-0.68	-0.31	0.50
Repurchase of Common Equity	-	-0.00	-	-0.16	-	-0.08	-1.63	-1.27	-0.68	-0.31	-0.21
Issuance of Common Equity	-	0.02	1.22	1.11	0.62	-	10	0.00	-	-	0.71

This table presents Jet.AI's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	117	4.89	5.74	11	26
Total Current Assets	0.61	1.89	3.19	6.36	2.17
Cash & Equivalents	0.61	1.53	2.10	5.87	1.82
Accounts Receivable	-	0.00	0.10	0.13	0.10
Other Current Assets	-	0.36	0.19	0.36	0.25
Plant, Property, & Equipment, net	0.00	0.01	0.01	0.01	0.00
Total Noncurrent Assets	117	3.00	2.54	4.43	24
Long-Term Investments	-	0.00	0.10	0.10	18
Intangible Assets	-	0.16	0.07	0.09	0.09
Other Noncurrent Operating Assets	117	2.84	2.37	4.24	5.43
Total Liabilities & Shareholders' Equity	117	4.89	5.74	11	26
Total Liabilities	11	4.15	9.68	4.28	3.71
Total Current Liabilities	0.02	2.62	6.95	3.79	3.71
Accounts Payable	-	0.24	1.66	0.28	1.62
Accrued Expenses	0.02	0.95	2.42	1.66	1.15
Current Deferred Revenue	-	0.93	1.78	1.32	0.44
Other Current Liabilities	0.00	0.49	0.51	0.53	0.50
Total Noncurrent Liabilities	11	1.53	2.72	0.50	0.00
Other Noncurrent Operating Liabilities	11	1.53	2.72	0.50	0.00
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-10	0.74	-3.94	6.51	22
Total Preferred & Common Equity	-10	0.74	-3.94	6.51	22
Preferred Stock	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-10	0.74	-3.94	6.51	22
Common Stock	0.00	27	35	59	70
Retained Earnings	-10	-27	-39	-53	-48

This table presents Jet.AI's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025
Total Assets	13	4.76	5.56	4.17	3.36	18	14	13
Total Current Assets	13	2.07	3.16	1.94	1.19	13	8.66	6.87
Cash & Equivalents	0.02	0.90	0.60	0.53	0.31	12	8.27	3.48
Note & Lease Receivable	-	-	-	-	-	-	0.04	0.24
Accounts Receivable	-	0.21	0.16	0.54	0.17	0.40	0.11	0.19
Other Current Assets	-	0.16	1.60	0.07	0.08	0.34	0.24	2.96
Plant, Property, & Equipment, net	0.00	0.01	0.01	0.01	0.01	0.00	0.00	0.00
Total Noncurrent Assets	0.00	2.68	2.39	2.23	2.17	5.47	5.80	6.02
Long-Term Investments	-	0.10	0.10	0.10	0.10	0.10	0.10	0.40
Intangible Assets	-	0.09	0.05	0.02	0.09	0.09	0.09	0.09
Other Noncurrent Operating Assets	-	2.50	2.24	2.11	1.98	5.29	5.62	5.53
Total Liabilities & Shareholders' Equity	13	4.76	5.56	4.17	3.36	18	14	13
Total Liabilities	5.59	9.02	8.33	8.34	8.39	4.84	3.14	3.66
Total Current Liabilities	0.41	6.17	5.74	5.88	6.61	4.47	2.91	3.57
Accounts Payable	-	2.88	1.39	1.52	1.83	0.55	0.37	0.90
Accrued Expenses	0.41	0.83	2.44	2.75	3.05	2.11	1.36	1.69
Current Deferred Revenue	-	1.43	1.40	1.10	1.21	1.28	0.65	0.44
Other Current Liabilities	0.00	0.51	0.51	0.52	0.52	0.53	0.53	0.54
Total Noncurrent Liabilities	5.18	2.85	2.59	2.46	1.78	0.36	0.23	0.09
Other Noncurrent Operating Liabilities	4.60	2.85	2.59	2.46	1.78	0.36	0.23	0.09
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-5.53	-4.26	-2.77	-4.17	-5.03	14	11	9.23
Total Preferred & Common Equity	-5.53	-4.26	-2.77	-4.17	-5.03	14	11	9.23
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-5.53	-4.26	-2.77	-4.17	-5.03	14	11	9.23
Common Stock	0.00	32	40	42	44	69	69	69
Retained Earnings	-5.53	-36	-43	-46	-49	-56	-58	-60

This table displays calculated financial ratios and metrics derived from Jet.AI's official financial filings.

Metric	2022	2023	2024	2025
Period end date	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	18,666,952.00	9,015,414.00	780,700.00	3,927,256.00
DEI Adjusted Shares Outstanding	82,964.00	40,069.00	780,700.00	3,927,256.00
DEI Earnings Per Adjusted Shares Outstanding	-93.27	-316.03	-17.14	1.17
Growth Metrics	-	-	-	-
Profitability Metrics	-	-	-	-
Net Operating Profit after Tax (NOPAT)	-5.42	-8.76	-8.80	-10
Return On Investment Capital (ROIC_SIMPLE)	-	261.56%	-135.07%	-45.82%
Earnings before Interest and Taxes (EBIT)	-7.74	-13	-13	-9.89
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-7.60	-12	-12	-9.88
Valuation Ratios	-	-	-	-
Leverage & Solvency	-	-	-	-
Liquidity Ratios	-	-	-	-
Cash Flow Metrics	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-4.00	-15	-12
Efficiency Ratios	-	-	-	-
Capital & Investment Metrics	-	-	-	-
Invested Capital	-0.79	-5.55	0.54	2.15
Increase / (Decrease) in Invested Capital	0.00	-4.76	6.09	1.61
Book Value per Share	$0.05	($0.44)	$8.34	$5.60
Tangible Book Value per Share	$0.04	($0.44)	$8.23	$5.57
Total Capital	0.74	-3.35	6.51	22
Total Debt	0.00	0.59	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00
Net Debt	-1.53	-1.61	-5.97	-20
Capital Expenditures (CapEx)	0.00	0.00	0.01	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-2.27	-5.28	-3.30	-3.36
Debt-free Net Working Capital (DFNWC)	-0.74	-3.18	2.57	-1.54
Net Working Capital (NWC)	-0.74	-3.76	2.57	-1.54
Net Nonoperating Expense (NNE)	2.32	3.86	3.94	-15
Net Nonoperating Obligations (NNO)	-1.53	-1.61	-5.97	-20
Total Depreciation and Amortization (D&A)	0.13	0.22	0.08	0.00
Earnings Adjustments	-	-	-	-
Adjusted Basic Earnings per Share	$0.55	$0.00	($47.93)	$1.52
Adjusted Weighted Average Basic Shares Outstanding	13.13M	0.00	279.20K	3.03M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($47.93)	$0.33
Adjusted Weighted Average Diluted Shares Outstanding	13.13M	0.00	279.20K	13.77M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	4.18M	0.00	2.19M	119.21M
Normalized Net Operating Profit after Tax (NOPAT)	-5.42	-8.76	-8.80	-7.05
Debt Service Ratios	-	-	-	-
Payout Ratios	-	-	-	-

This table displays calculated financial ratios and metrics derived from Jet.AI's official financial filings.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
DEI Shares Outstanding	4,176,952.00	8,715,043.00	9,015,414.00	12,205,144.00	12,721,468.00	49,153,760.00	780,700.00	2,187,001.00	2,551,256.00	3,261,256.00	3,927,256.00
DEI Adjusted Shares Outstanding	18,564.00	38,734.00	40,069.00	54,245.00	56,540.00	218,461.00	780,700.00	2,187,001.00	2,551,256.00	3,261,256.00	3,927,256.00
DEI Earnings Per Adjusted Shares Outstanding	-131.91	-110.77	-79.97	-60.08	-57.49	-15.75	-4.40	-1.45	-0.93	-0.60	3.08
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	-1.71	-2.99	-2.15	-2.20	-2.25	-2.02	-2.32	-2.22	-1.74	-1.43	-2.38
Return On Investment Capital (ROIC_SIMPLE)	-	-	64.31%	79.65%	54.07%	40.12%	-35.62%	-16.29%	-15.33%	-15.44%	-10.84%
Earnings before Interest and Taxes (EBIT)	-2.45	-4.27	-3.08	-3.15	-3.22	-2.88	-3.31	-3.17	-2.39	-1.97	-2.37
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-2.42	-4.21	-2.97	-3.04	-3.19	-2.95	-3.31	-3.17	-2.38	-1.97	-2.37
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	112	-5.87	2.60	9.13	-2.43	-1.32	-8.41	-6.96	-9.49	-12	-4.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-4.98	-4.74	-5.55	-3.46	-4.80	-5.44	0.54	1.28	2.96	5.35	2.15
Increase / (Decrease) in Invested Capital	-114	2.89	-4.76	-11	0.18	-0.70	6.09	4.74	7.76	11	1.61
Book Value per Share	($1.32)	($0.49)	($0.44)	($0.31)	($0.33)	($0.20)	$8.34	$6.23	$4.44	$2.83	$5.60
Tangible Book Value per Share	($1.32)	($0.50)	($0.44)	($0.31)	($0.33)	($0.21)	$8.23	$6.19	$4.41	$2.80	$5.57
Total Capital	8.17	-3.74	-3.35	-2.77	-4.17	-5.03	6.51	14	11	9.23	22
Total Debt	0.58	0.52	0.59	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.58	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-13	-0.48	-1.61	-0.70	-0.63	-0.41	-5.97	-12	-8.37	-3.88	-20
Capital Expenditures (CapEx)	0.00	-0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-0.37	-4.48	-5.28	-3.17	-4.47	-5.73	-3.30	-3.74	-2.52	-0.18	-3.36
Debt-free Net Working Capital (DFNWC)	13	-3.58	-3.18	-2.58	-3.94	-5.42	2.57	8.51	5.75	3.30	-1.54
Net Working Capital (NWC)	13	-4.10	-3.76	-2.58	-3.94	-5.42	2.57	8.51	5.75	3.30	-1.54
Net Nonoperating Expense (NNE)	0.73	1.30	1.00	1.02	0.97	0.86	1.08	0.95	0.65	0.54	-14
Net Nonoperating Obligations (NNO)	-13	-0.48	-1.61	-0.70	-0.63	-0.41	-5.97	-12	-8.37	-3.88	-20
Total Depreciation and Amortization (D&A)	0.03	0.06	0.10	0.11	0.03	-0.07	0.00	0.00	0.00	0.00	0.00
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.06	($137.25)	($25,638.75)	($63.00)	($56.25)	($43.82)	($12.30)	($1.85)	($0.92)	($0.59)	$4.00
Adjusted Weighted Average Basic Shares Outstanding	4.18M	31.19K	125.00	50.85K	57.36K	78.52K	279.20K	1.71M	2.58M	3.33M	3.03M
Adjusted Diluted Earnings per Share	$0.06	($137.25)	($25,638.75)	($63.00)	($56.25)	($43.82)	($12.30)	($1.85)	($0.92)	($0.59)	$4.00
Adjusted Weighted Average Diluted Shares Outstanding	4.18M	31.19K	125.00	50.85K	57.36K	78.52K	279.20K	1.71M	2.58M	3.33M	13.77M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	($25,638.75)	$0.00	$0.00	$0.00	($12.30)	$0.00	$0.00	$0.00	$4.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	8.72M	40.07K	54.25K	56.54K	109.23K	780.70K	2.19M	2.55M	3.26M	3.93M	119.21M
Normalized Net Operating Profit after Tax (NOPAT)	-1.71	-2.99	-2.15	-2.20	-2.25	-2.02	-2.32	-2.22	-1.74	-1.43	-1.67
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

Financials Breakdown Chart

Key Financial Trends

Jet.AI Inc. (JTAI) has shown a mixed earnings picture over the last four years. Revenue has fluctuated without a clear upward trend, and operating profitability has been uneven. A notable exception is in Q4 2025, where net income from continuing operations turned positive, driven by a sizable non-operating item. Cash flow from operations has generally been negative, while financing activity provided occasional liquidity through equity actions. On the balance sheet, equity remains positive but includes a large drag from accumulated losses (retained earnings) that have kept overall profitability under pressure.

Q4 2025 net income from continuing operations: $12,110,350. This marks a rare quarterly positive result on the income statement.
Q4 2025 basic and diluted earnings per share (EPS): $4.00. This aligns with the large net income in that quarter.
Q4 2025 issuance of common equity: $713,372. Indicates new equity capital raised during the quarter.
Q4 2025 net cash from financing activities: $499,196. Financing activity provided cash in the quarter.
Q4 2025 non-cash adjustments to net income: −$14,204,160. A large one-time adjustment that can distort quarterly profitability.
Q4 2025 weighted average shares outstanding (basic & diluted): 119,209,666 shares. A very large share count that can affect per-share metrics.
Q3 2025 balance sheet snapshot: Total Assets $12.89M, Total Liabilities $3.66M, Total Equity $9.23M. Shows a positive equity base but a modest-liability position.
2025 quarterly revenue trend vs 2024: Q4 2025 revenue $1.77M; Q3 2025 $1.71M; Q2 2025 $2.23M; Q1 2025 $3.48M. By contrast, corresponding 2024 quarters were higher (roughly $3.17M–$3.92M). This points to a downtrend in core revenue in 2025.
2025 operating cash flow trend: Q1 −$2.19M, Q2 −$2.80M, Q3 −$3.93M, Q4 −$0.69M (all in USD). Continued cash burn from operations outside a one-off Q4 improvement.
Net income in the first three quarters of 2025: Q1 −$3.17M, Q2 −$2.38M, Q3 −$1.97M. Ongoing quarterly losses before Q4.

Takeaway for investors: While the Q4 2025 results show a meaningful non-operating profit and EPS of $4.00, the broader four-year trend highlights recurring operating losses and cash burn. The company raised some equity and posted a financing inflow in Q4 2025, which helps liquidity, but core operating cash flow remains negative in most quarters. Additionally, retained earnings remain deeply negative, signaling substantial accumulated losses despite the positive quarterly headline in Q4. Investors should treat the Q4 uptick as potentially non-recurring and focus on whether the company can convert the positive quarterly outcome into sustainable, recurring earnings and cash flow from ongoing operations. Capable risk factors to monitor include the persistence of large non-cash adjustments, the need for sustained core profitability, and any further equity dilution if more capital is raised.

05/07/26 12:15 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Jet.AI's Financials

When does Jet.AI's fiscal year end?

According to the most recent income statement we have on file, Jet.AI's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

How has Jet.AI's net income changed over the last 3 years?

Jet.AI's net income appears to be on a downward trend, with a most recent value of $4.59 million in 2025, falling from -$7.74 million in 2022. The previous period was -$12.73 million in 2024.

What is Jet.AI's operating income?

Jet.AI's total operating income in 2025 was -$10.07 million, based on the following breakdown:

Total Gross Profit: -$300.04 thousand
Total Operating Expenses: $9.77 million

How has Jet.AI's revenue changed over the last 3 years?

Over the last 3 years, Jet.AI's total revenue changed from $21.86 million in 2022 to $9.18 million in 2025, a change of -58.0%.

How much debt does Jet.AI have?

Jet.AI's total liabilities were at $3.71 million at the end of 2025, a 13.4% decrease from 2024, and a 66.6% decrease since 2021.

How much cash does Jet.AI have?

In the past 4 years, Jet.AI's cash and equivalents has ranged from $614.40 thousand in 2021 to $5.87 million in 2024, and is currently $1.82 million as of their latest financial filing in 2025.

How has Jet.AI's book value per share changed over the last 3 years?

Over the last 3 years, Jet.AI's book value per share changed from 0.05 in 2022 to 5.60 in 2025, a change of 10,914.8%.

Related Companies

Financial statements for NASDAQ:JTAIZ last updated on 4/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Jet.AI (JTAIZ) Financials

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Jet.AI (JTAIZ) Financials

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