Jet AI (JTAI) Q4 2025 earnings summary

Executive summary

• Achieved net income of $4.6 million for 2025, a turnaround from a $12.7 million loss in 2024.

• Ended 2025 with $1.8 million in cash, increasing to $13.7 million by March 2026, and maintained zero debt.

• Focused on accelerating AI data center development, with major milestones reached in Canadian and Nevada projects.

• Strategic merger with flyExclusive remains on track to close by April 30, 2026.

Financial highlights

• Revenue for 2025 was $9.2 million, down from $14.0 million in 2024.

• Gross loss narrowed to $0.3 million in 2025 from $1.0 million in 2024.

• Operating loss improved to $10.1 million in 2025 from $12.6 million in 2024.

• Net income for 2025 was $4.6 million, compared to a net loss of $12.7 million in 2024.

• Basic EPS was $1.52 in 2025 versus $(47.93) in 2024; diluted EPS was $0.33 in 2025.

Outlook and guidance

• Expects to complete the third milestone of the Canadian data center joint venture in Q1 2026.

• Continued progress anticipated in the Maritimes and ongoing power study for the Moapa, NV site.

• Confident in closing the flyExclusive transaction by April 30, 2026.