Jet.AI Inc. JTAI
business strategy combines concepts from fractional jet and charter jet programs with innovations in artificial intelligence, also referred
formed our company on June 4, 2018. We developed and, in September 2019, launched our booking platform represented by our iOS app Jet
Token, which originally functioned as a prospecting and quoting platform to arrange private jet travel with third party carriers. Following
our acquisition of HondaJets, we began selling jet cards and fractional ownership interests in our aircraft. In 2023, we launched an
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $9.2M | $14.0M | $12.2M | $21.9M | — |
| Cost of revenue | $9.5M | $15.0M | $12.4M | $19.8M | — |
| Gross profit | -$300.0K | -$964.6K | -$178.5K | $2.1M | — |
| R&D | $244.2K | $162.2K | $160.9K | $137.3K | — |
| SG&A | $8.7M | $10.8M | $11.6M | $9.2M | — |
| Total operating expenses | $9.8M | $11.6M | $12.3M | $9.8M | — |
| Operating income | -$10.1M | -$12.6M | -$12.5M | -$7.7M | — |
| Interest expense | — | $167.1K | $103.6K | — | — |
| Pre-tax income | $4.6M | -$12.7M | -$12.6M | -$7.7M | — |
| Income tax | — | — | $2.5K | $2.4K | — |
| Net income | $4.6M | -$12.7M | -$12.6M | -$7.7M | — |
| EPS, basic | 1.52 | -47.93 | -450.34 | -1.75 | — |
| EPS, diluted | 0.33 | -47.93 | -450.34 | -1.75 | — |
| Shares, diluted (wtd. avg.) | $13.8M | $279.2K | $28.1K | $4.4M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $1.8M | $5.9M | $2.1M | $1.5M | $614.4K |
| Receivables | $97.3K | $132.2K | $96.5K | — | — |
| Total current assets | $2.2M | $6.4M | $3.2M | $1.9M | $614.5K |
| Property, plant and equipment | $2.5K | $5.1K | $7.6K | $5.8K | — |
| Other intangibles | $86.7K | $86.7K | $73.8K | $155.0K | — |
| Total assets | $25.7M | $10.8M | $5.7M | $4.9M | $117.3M |
| Accounts payable | $1.6M | $280.4K | $1.7M | $242.9K | — |
| Total current liabilities | $3.7M | $3.8M | $7.0M | $2.6M | $18.0K |
| Total liabilities | $3.7M | $4.3M | $9.7M | $4.2M | $11.1M |
| Retained earnings | -$48.0M | -$52.5M | -$39.3M | -$26.7M | -$10.5M |
| Total equity | $22.0M | $6.5M | -$3.9M | $736.3K | $897.5K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Operating cash flow | -$8.2M | -$8.2M | -$3.8M | -$96.0K | — |
| Depreciation and amortisation | — | — | $135.3K | $134.4K | — |
| Stock-based compensation | $1.6M | $4.3M | $6.6M | $6.5M | — |
| Capital expenditure | — | $12.9K | $4.3K | — | — |
| Investing cash flow | -$5.1M | -$2.4M | -$191.0K | $290.5K | — |
| Financing cash flow | $9.2M | $14.4M | $4.5M | $689.5K | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-009165.
Others in SIC 4522
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|---|---|---|---|---|
| VTOL | Bristow Group Inc. | $1.28B | 10.0x | 5.3% |
| UP | Wheels Up Experience Inc. | $158.2M | — | -7.0% |
| SRFM | SURF AIR MOBILITY INC. | $67.3M | — | -10.8% |
| FLYX | FLYEXCLUSIVE INC. | $61.9M | — | 14.9% |
| SOAR | Volato Group, Inc. | $12.9M | 0.2x | 101.1% |