F
Starfighters Space, Inc.
FJETCIK 0001947016NYSEEmerging GrowthAir Transportation, ScheduledDelawareFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$-16.54M
Total Assets
$28.39M
Equity
$24.90M
Shares Out
44.17M
Op. Cash Flow
$-8.23M
Business
Starfighters Space, Inc. is a publicly listed company in Air Transportation, Scheduled, incorporated in Delaware. Common stock trades on NYSE under the ticker FJET.
Auto-generated from company profile
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Advertising and promotion | 1 | 183,790 | |
| Bank and interest charges | 17,574 | 5,607 | |
| Business development | 2 | 360,000 | |
| Consulting fees | 4 | 998,364 | |
| Contract labor and fuel | 1 | 403,800 | |
| Depreciation | 36,408 | 15,319 | |
| Directors' fees | 168,000 | 164,000 | |
| Franchise tax | 84,892 | 0 | |
| Insurance | 197,107 | 87,372 | |
| Licenses | 475 | 620 | |
| Listing fees | 37,202 | 292,293 | |
| Management fees | 707,507 | 232,000 | |
| Office and administrative | 286,033 | 166,196 | |
| Professional fees | 3 | 786,338 | |
| Relocation costs | 51,723 | 0 | |
| Rent expense | 542,879 | 294,611 | |
| Repairs and maintenance | 36,909 | 44,504 | |
| Research and development | 1 | 0 | |
| Travel and entertainment | 609,376 | 231,207 | |
| Vehicle | 79,165 | 35,062 | |
| Total operating expenses | −15 | −4 | |
| Amortization of debt discount | −500,937 | −2 | |
| Change in fair value of derivative liability | −970,866 | −2 | |
| Other income | 516,640 | 234,900 | |
| Grant income | 163,723 | 0 | |
| Interest expense | −555,985 | −486,669 | |
| Interest income | 153,020 | 66,323 | |
| Write-off of other receivable | −1,064 | 0 | |
| Exchange loss | −14,215 | −2,046 | |
| Total other income (expense) | −1 | −4 | |
| Net loss before taxes | −17 | −8 | |
| Income tax expense (benefit) | 0 | 0 | |
| Net loss | −17 | −8 | |
| Weighted average number of shares - Basic | 22 | 17 | |
| Weighted average number of shares - diluted | 22 | 17 | |
| Net loss per share - Basic | −0.76 | −0.46 | |
| Net loss per share - diluted | −0.76 | −0.46 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2025 2025-09-30 | FY 2025 2025-06-30 | FY 2024 2024-12-31 | FY 2022 2022-05-31 |
|---|---|---|---|---|---|---|
| Cash | 5 | — | — | 7 | — | |
| Restricted cash | 50,592 | — | — | 50,089 | — | |
| Short-term investments | 15 | — | — | 1 | — | |
| Due from related party | 6,833 | — | — | 4,074 | — | |
| Prepaid expenses | 230,688 | — | — | 134,572 | — | |
| Deferred financing charges | 0 | — | — | 105,703 | — | |
| Other receivable | 0 | — | — | 1,064 | — | |
| Total current assets | 20 | — | — | 8 | — | |
| Right of use assets - operating lease, net | 477,577 | 303,611 | 20,372 | 242,332 | 421,000 | |
| Property, plant, and equipment, net of accumulated depreciation of $84,464 and $48,056, respectively | 2 | — | — | 82,622 | — | |
| Long-term deposits | 5 | — | — | 2 | — | |
| Total assets | 28 | — | — | 10 | — | |
| Accounts payable and accrued liabilities | 966,088 | — | — | 731,756 | — | |
| Deferred income | 149,000 | — | — | 344,800 | — | |
| Derivative liability | 0 | — | — | 5 | — | |
| Lease liability | 55,898 | — | — | 91,767 | — | |
| Interest payable | 0 | — | — | 13,938 | — | |
| Grant payable | 354,967 | — | — | 0 | — | |
| Convertible debentures, net | 0 | — | — | 7 | — | |
| Note payable | 0 | — | — | 1 | — | |
| Related party notes payable | 2 | — | — | 2 | — | |
| Total current liabilities | 3 | — | — | 16 | — | |
| Lease liability - non-current | 434,253 | — | — | 162,150 | — | |
| Total liabilities | 3 | — | — | 16 | — | |
| Commitments and contingencies | — | — | — | — | — | |
| Common stock, $0.00001 par value, 200,000,000 shares authorized; 43,891,846 issued and outstanding as of December 31, 2025 (19,176,910 as of December 31, 2024) | 438 | — | — | 192 | — | |
| Common stock subscribed | 0 | — | — | 2 | — | |
| Additional paid-in-capital | 58 | — | — | 9 | — | |
| Accumulated deficit | −33 | — | — | −17 | — | |
| Total stockholders equity (deficit) | 25 | — | — | −6 | — | |
| Total liabilities and stockholders equity (deficit) | 28 | — | — | 10 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Net loss | −17 | −8 | |
| Depreciation | 36,408 | 15,319 | |
| Amortization of ROU asset | 88,738 | 77,383 | |
| Unrealized gain on investments | −29,664 | −5,474 | |
| Realized gain on investments | −40,911 | −6,881 | |
| Change in fair value of derivative liability | 970,866 | 2 | |
| Write-off of other receivable | 1,064 | 0 | |
| Accrued interest | 516,445 | 397,517 | |
| Other receivable | 0 | −1,064 | |
| Accounts payable and accrued liabilities | 234,332 | 255,194 | |
| Due to related party | −6,833 | 0 | |
| Deferred income | −195,800 | −52,200 | |
| Grant payable | 354,967 | 0 | |
| Prepaid expenses | −96,116 | 19,868 | |
| Lease liability | −87,749 | −75,801 | |
| Net cash used in operating activities | −8 | −4 | |
| Additions to long-term deposits | −6 | −550,000 | |
| Purchase of property and equipment | −150,763 | 0 | |
| Purchase of short-term investments | −17 | −1 | |
| Redemption of short-term investments | 2 | 589,200 | |
| Net cash used in investing activities | −20 | −1 | |
| Repayment of related party notes payable | −100,000 | −45,000 | |
| Issuance costs for convertible debentures | 0 | −19,950 | |
| Proceeds from convertible debentures | 0 | 743,400 | |
| Proceeds from Regulation A financing | 7 | 11 | |
| Proceeds from Initial Public Offering | 22 | 0 | |
| Cash paid for financing costs | −3 | −841,337 | |
| Net cash provided by financing activities | 26 | 11 | |
| (Decrease) increase in cash | −2 | 5 | |
| Income taxes paid | 0 | 0 | |
| Interest paid | 39,539 | 89,152 | |
| Right of use asset additions | 20,372 | 0 | |
| Right of use asset modifications | 303,611 | 0 | |
| Shares issued for common stock subscribed | 2 | 0 | |
| Deferred financing costs recognized as share issuance costs | 105,703 | 0 | |
| Notes and interest payable converted into shares | 1 | 0 | |
| Convertible debentures and derivative liabilities converted into shares | 14 | 0 | |
| Initial derivative liability from issuance of convertible notes | 0 | 475,909 |
Filings
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