Jet.AI Inc.

Listed Company

JTAICIK 0001861622NasdaqEmerging GrowthAir Transportation, NonscheduledDelawareFY ends Dec 31

Period

FY 2025

Revenue

$9.18M

Net Income

$4.59M

Total Assets

$25.68M

Equity

$21.98M

Shares Out

119.21M

Op. Cash Flow

$-8.23M

Business

Jet.AI Inc. operates a private aviation and AI-focused technology company combining fractional and charter jet services with artificial intelligence. It offers aircraft fractional ownership, jet card memberships, on-demand charter bookings, and AI-enhanced booking apps (CharterGPT and Ava), plus B2B SaaS products including Reroute AI and the DynoFlight emissions API. Key business segments include aircraft operations and membership programs, consumer-facing booking platforms, and the Jet.AI Operator Platform for aircraft operators and partners. The company distributes services via mobile apps, APIs, partnerships with Part 135 operators (notably Cirrus), joint ventures (380 Software), and digital sales channels in the U.S. market.

Summary from filing dated 2025-03-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Revenues	9	14	12	22
Cost of revenues	9	15	12	20
Gross loss	−300,039	−964,617	−178,533	2
General and administrative (including stock-based compensation of $1,626,102 and $4,287,236, respectively)	9	11	12	9
Sales and marketing	779,004	687,785	573,881	426,728
Research and development	244,237	162,152	160,858	137,278
Total operating expenses	10	12	12	10
Operating loss	−10	−13	−13	−8
Interest expense	—	167,054	103,615	—
Other income	−182,194	−221	−116	—
Unrealized gain on other investments	−15	—	—	—
Total other (income) expense	−15	166,833	103,499	−3
Income (Loss) before provision for income taxes	5	−13	−13	−8
Provision for income taxes	—	—	2,464	2,400
Net Income (Loss)	5	−13	−13	−8
Deemed dividend from warrant exchange offer	—	−540,255	—	—
Cumulative preferred stock dividends	—	−109,303	−46,587	—
Net Income (Loss) to common stockholders	5	−13	−13	−8
Basic net income (loss) per share	1.52	−47.93	−450.34	−1.75
Diluted net income (loss) per share	0.33	−47.93	−450.34	−1.75
Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, basic	3	279,201	28,119	4
Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, diluted	14	279,201	28,119	4

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	2	6	2	2	614,395
Accounts receivable	97,331	132,230	96,539	—	—
Other assets	248,724	357,751	190,071	357,861	—
Total current assets	2	6	3	2	614,476
Property and equipment, net	2,505	5,055	7,604	5,814	—
Intangible assets, net	86,745	86,745	73,831	155,009	—
Right-of-use lease asset	508,707	1	2	2	—
Investment in joint venture	865,000	100,000	100,000	—	—
Deposit on aircraft	4	2	—	—	—
Deposits and other assets	868,561	794,561	798,111	762,976	—
Other investments	17	—	—	—	—
Total assets	26	11	6	5	117
Accounts payable	2	280,450	2	242,933	—
Accrued liabilities	1	2	2	951,689	18,000
Deferred revenue	443,126	1	2	933,361	—
Operating lease liability	495,782	525,547	510,034	494,979	—
Total current liabilities	4	4	7	3	18,000
Lease liability, net of current portion	—	495,782	1	2	—
Total liabilities	4	4	10	4	11
Commitments and contingencies (Note 2, 6, and 7)	—	—	—	—	—
Preferred stock, value	—	—	—	—	—
Common stock, 200,000,000 shares authorized, par value $0.0001,6,282,645 and 1,629,861 issued and outstanding	628	162	4	445	—
Subscription receivable	−6,724	−6,724	−6,724	−15,544	—
Additional paid-in capital	70	59	35	27	—
Accumulated deficit	−48	−53	−39	−27	−10
Total stockholders equity	22	7	−4	736,293	897,469
Total liabilities and stockholders equity	26	11	6	5	117

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Unrealized gain on other investments	−14	—	—	—
Amortization and depreciation	2,550	2,557	135,251	—
Amortization of debt discount	—	80,761	87,989	—
Non-cash operating lease costs	539,647	524,135	509,079	494,468
Accounts receivable	34,899	−35,691	−96,539	—
Other current assets	109,027	−167,680	167,790	−278,313
Accounts payable	1	740,383	366,594	−53,268
Accrued liabilities	−514,556	46,223	665,426	835,576
Deferred revenue	−876,620	−460,048	846,433	497,030
Operating lease liability	−525,547	−510,035	−494,979	−480,368
Deposits and other assets	−74,000	—	—	—
Net cash used in operating activities	−8	−8	−4	−96,042
Purchase of property and equipment	—	−12,922	−4,339	—
Investment in Sponsor Equity Interest	−3	—	—	—
Investment in joint venture	−765,000	−2	—	—
Deposit on aircraft	−2	—	—	—
Return of aircraft deposit	—	3,550	—	1
Net cash used in investing activities	−5	−2	−190,998	290,488
Repayments of notes payable	—	−371,250	—	—
Repayments of related party notes payable	—	−297,500	—	−242,196
Redemption of Series A and Series A-1 Preferred Stock	—	−1	—	—
Offering costs	−2	−2	−437,665	−2
Proceeds from exercise of common stock warrants	—	742,474	1	—
Proceeds from exercise of Series B Convertible Preferred Stock warrants	11	4	—	—
Proceeds from sale of Series B Preferred Stock	—	2	—	−225,000
Proceeds from sale of Common Stock	713,372	12	3	3
Net cash provided by financing activities	9	14	5	689,451
(Decrease) Increase in cash and cash equivalents	−4	4	573,152	883,897
Cash paid for interest	—	167,054	—	—
Cash paid for income taxes	—	—	2,464	2,400
Issuance of Common Stock for Series A Preferred Stock conversion	—	551,000	—	—
Issuance of Common Stock for Series B Preferred Stock conversion	373	29	—	—
Issuance of Common Stock from warrant exchange	—	540,255	—	—
Issuance of Common Stock for offering costs	—	175,500	—	—
Issuance of Common Stock for settlement of accounts payable	—	2	—	—
Decrease in prepaid offering costs and accrued liabilities from issuance of common stock	—	800,000	—	—

Filings

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