JTAI · Jet.ai Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.68M | - | $1.71M | $2.23M | $3.47M | - | $3.92M | $3.08M | $3.85M | - |
| Cost of Revenue | $1.92M | - | $2.00M | $2.34M | $3.59M | - | $3.93M | $3.50M | $3.97M | - |
| Gross Profit | ($234.2K) | - | ($288.4K) | ($110.3K) | ($115.5K) | - | ($13.9K) | ($200.8K) | ($124.4K) | - |
| R&D | $99.1K | - | $39.3K | $41.0K | $108.9K | - | $38.0K | $28.6K | $32.5K | - |
| SG&A | $2.23M | - | $1.41M | $2.25M | $2.65M | - | $2.75M | $2.66M | $2.55M | - |
| Total Operating Expenses | $2.63M | - | $1.75M | $2.37M | $3.06M | - | $2.87M | $2.25M | $3.03M | - |
| D&A | $637 | - | - | - | $33.8K | - | - | - | $33.8K | - |
| Operating Income | ($2.87M) | - | ($2.04M) | ($2.48M) | ($3.17M) | - | ($2.88M) | ($3.22M) | ($3.15M) | - |
| Interest Expense | - | - | - | - | $79.3K | - | $24.1K | - | $79.3K | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | ($2.68M) | - | ($1.97M) | ($2.39M) | ($3.17M) | - | ($2.88M) | ($3.22M) | ($3.23M) | - |
| EPS - Basic | ($6.68) | - | ($118.00) | ($184.00) | ($370.00) | - | ($8764.00) | ($11250.00) | ($12600.00) | - |
| EPS - Diluted | ($6.68) | - | ($118.00) | ($184.00) | ($370.00) | - | ($8764.00) | ($11250.00) | ($12600.00) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $13.50M | $1.82M | $3.48M | $8.27M | $12.25M | $5.87M | $311.9K | $528.1K | $595.6K | $2.10M |
| Accounts Receivable | $318.5K | $97.3K | $194.9K | $112.1K | $398.9K | $132.2K | $167.7K | $536.0K | $163.0K | $96.5K |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $1.35M | $1.62M | $903.4K | $367.4K | $551.8K | $280.4K | $1.83M | $1.52M | $1.39M | $1.66M |
| Current Assets | $14.03M | $2.17M | $6.87M | $8.66M | $12.98M | $6.36M | $1.19M | $1.94M | $3.16M | $3.19M |
| Total Assets | $39.41M | $25.68M | $12.89M | $14.47M | $18.46M | $10.80M | $3.36M | $4.17M | $5.56M | $5.74M |
| Current Liabilities | $3.43M | $3.71M | $3.57M | $2.91M | $4.47M | $3.79M | $6.61M | $5.88M | $5.74M | $6.95M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | - | $3.71M | $3.66M | $3.14M | $4.84M | $4.28M | $8.39M | $8.34M | $8.33M | $9.68M |
| Stockholders' Equity | $35.98M | $21.98M | $9.23M | $11.33M | $13.62M | $6.51M | ($5.03M) | ($4.17M) | ($2.77M) | ($3.94M) |
| Retained Earnings | ($50.64M) | ($47.96M) | ($60.07M) | ($58.10M) | ($55.72M) | ($52.55M) | ($49.14M) | ($45.72M) | ($42.50M) | ($39.27M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($3.04M) | - | - | - | ($2.18M) | - | - | - | ($2.52M) | - |
| Investing Cash Flow | ($1.90M) | - | - | - | ($1.18M) | - | - | - | ($12.9K) | - |
| Financing Cash Flow | $16.62M | - | - | - | $9.73M | - | - | - | $1.03M | - |
| CapEx | - | - | - | - | - | - | - | - | $4.3K | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | ($2.53M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | -13.9% | - | -16.9% | -5.0% | -3.3% | - | -0.4% | -6.5% | -3.2% | - |
| Operating margin | -170.4% | - | -119.0% | -111.4% | -91.3% | - | -73.6% | -104.4% | -81.8% | - |
| EBITDA margin | -170.4% | - | - | - | -90.3% | - | - | - | -81.0% | - |
| Net margin | -159.5% | - | -114.9% | -107.1% | -91.2% | - | -73.6% | -104.4% | -83.9% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | -65.6% | - |
| FCF / Net income | - | - | - | - | - | - | - | - | 0.78 | - |
| R&D / Revenue | 5.9% | - | 2.3% | 1.8% | 3.1% | - | 1.0% | 0.9% | 0.8% | - |
| SG&A / Revenue | 132.4% | - | 82.3% | 100.9% | 76.3% | - | 70.1% | 86.4% | 66.2% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -6.8% | - | -15.2% | -16.5% | -17.2% | - | -85.8% | -77.2% | -58.0% | - |
| Return on equity | -7.5% | - | -21.3% | -21.1% | -23.3% | - | 57.3% | 77.2% | 116.6% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 4.09 | 0.58 | 1.92 | 2.97 | 2.90 | 1.68 | 0.18 | 0.33 | 0.55 | 0.46 |
| Quick ratio | 4.09 | 0.58 | 1.92 | 2.97 | 2.90 | 1.68 | 0.18 | 0.33 | 0.55 | 0.46 |
| Cash ratio | 3.93 | 0.49 | 0.97 | 2.84 | 2.74 | 1.55 | 0.05 | 0.09 | 0.10 | 0.30 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | -40.0x | - | -119.6x | - | -39.7x | - |
| Equity multiplier | 1.10 | 1.17 | 1.40 | 1.28 | 1.35 | 1.66 | -0.67 | -1.00 | -2.01 | -1.46 |
| Liabilities / Assets | - | 0.14 | 0.28 | 0.22 | 0.26 | 0.40 | 2.50 | 2.00 | 1.50 | 1.69 |
| Efficiency | ||||||||||
| Asset turnover | 0.04 | - | 0.13 | 0.15 | 0.19 | - | 1.17 | 0.74 | 0.69 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 69d | - | 42d | 18d | 42d | - | 16d | 63d | 15d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 258d | - | 165d | 57d | 56d | - | 170d | 158d | 127d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 0.2x | - | 241.4x | 166.5x | 105.0x | - | - | - | - | - |
| P / S | 4.1x | - | 1301.9x | 847.3x | 411.8x | - | 97.4x | 63655.3x | 123746.4x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -51.6% | - | -56.3% | -27.8% | -9.7% | - | 16.3% | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -102.8% | - | -1977.0% | 45.1% | 7.1% | - | - | - | - | - |
| Operating income growth (YoY) | 9.6% | - | 29.3% | 23.0% | -0.7% | - | 32.5% | -2940.8% | -766.2% | - |
| Net income growth (YoY) | 15.4% | - | 31.8% | 25.9% | 1.8% | - | 32.8% | - | -424.8% | - |
| EPS growth (YoY) | 98.2% | - | 98.7% | 98.4% | 97.1% | - | -1436621.3% | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 164.1% | 237.4% | - | - | - | - | -18.1% | 24.6% | 50.6% | 19.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$9.18M totalSoftware App And Cirrcus Charter$4.80M · 52.4%
Management And Other Services$3.32M · 36.2%
Jet Card And Fractional Programs$1.05M · 11.5%
Peer comparison
Same SIC group: Air Transportation, Nonscheduled
Comparing Jet.AI Inc. against the 5 most active filers in the same SIC group.