Jet.AI Inc.
Business
Jet.AI Inc. operates a multi-faceted business combining private aviation services with artificial intelligence software and data center infrastructure investments. The company offers fractional ownership, jet card memberships, and on-demand charter bookings through its CharterGPT app and Ava agentic AI model, powered by integrations with third-party aircraft operators and its own managed fleet. Jet.AI develops B2B SaaS products for aircraft operators (Reroute AI for empty-leg monetization and DynoFlight for carbon tracking), and is executing a strategic transformation toward AI data center infrastructure through joint ventures in Canada and Nevada with equity stakes and planned capital contributions.
Summary from 10-K filed 2026-03-06
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Jet.AI Inc.'s CIK number?
Jet.AI Inc.'s SEC CIK number is 0001861622 (1861622). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Jet.AI Inc.'s SEC filings?
All of Jet.AI Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Jet.AI Inc. last report earnings?
Jet.AI Inc. (JTAI) most recently filed an earnings 8-K with the SEC on May 21, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001493152-26-024854). This is Jet.AI Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Jet.AI Inc.'s most recent earnings 8-K?
Jet.AI Inc.'s latest earnings 8-K (Item 2.02) was filed May 21, 2026 under accession 0001493152-26-024854. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Jet.AI Inc.'s latest earnings 8-K →
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