Jet AI (JTAI) Q2 2026 earnings summary

Executive summary

• Completed the spin-off and merger of the fractional and jet card business with flyExclusive in July 2026, shifting focus to AI data center operations, software, and strategic investments.

• Revenues for Q2 2026 rose to $5.3M, up from $2.2M in Q2 2025, mainly due to a $3.5M aircraft sale; recurring revenues declined due to the wind-down of legacy aviation operations.

• Net loss for Q2 2026 was $2.3M, slightly improved from $2.4M in Q2 2025; six-month net loss was $5.0M, down from $5.6M year-over-year.

• Strategic transition underway, including a non-binding LOI for a reverse takeover and planned spin-off of data center and AI Acquisition interests.

Financial highlights

• Q2 2026 revenue: $5.3M (up $3.1M YoY); six-month revenue: $7.0M (up $1.3M YoY).

• Gross loss for Q2 2026: $184K; six-month gross loss: $418K.

• Operating loss for Q2 2026: $2.7M; six-month operating loss: $5.5M.

• Net loss per share for Q2 2026: $(1.72); six months: $(5.72).

• Cash and equivalents at June 30, 2026: $10.6M; $5.3M transferred to SpinCo post-merger.

Outlook and guidance

• Company expects to incur operating losses for at least the next 12 months as it focuses on AI infrastructure and cloud services.

• Plans to fund operations with cash on hand, remaining business activities, and potential equity or debt sales.

• Strategic review ongoing, including a potential reverse takeover and further spin-offs.