NASDAQ : JTAI
Jet.AI Inc. — Financial statements
Technology · Software - Application · United States
Last price 0.864 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 3.07M
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Financial statements
Jet.AI Inc. (JTAI) reported revenue of 10.48M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 10.48M | 9.18M | 14.02M | 12.21M | 21.86M | 1.11M |
| Cost of Revenue | 10.97M | 9.48M | 14.99M | 12.39M | 19.80M | 1.38M |
| Gross Profit | -492.20K | -300.04K | -964.62K | -178.53K | 2.06M | -270.90K |
| Selling, General & Admin | 9.23M | 9.53M | 11.44M | 12.17M | 9.66M | 15.58M |
| Research & Development | 248.83K | 244.24K | 162.15K | 160.86K | 137.28K | 117.39K |
| Operating Expenses | 9.47M | 9.77M | 11.60M | 12.33M | 9.79M | 15.70M |
| Operating Income | -9.97M | -10.07M | -12.57M | -12.51M | -7.74M | -15.97M |
| Interest Expense | -167.05K | -103.61K | ||||
| Other Non Operating Income (Expenses) | 183.31K | 182.19K | 221.00 | 116.00 | 3.00 | 207.37K |
| EBT Excluding Unusual Items | -9.78M | -9.89M | -12.73M | -12.61M | -7.74M | -15.77M |
| Gain (Loss) on Sale of Investments | 14.97M | 14.48M | ||||
| Pretax Income | 5.19M | 4.59M | -12.73M | -12.61M | -7.74M | -15.77M |
| Income Tax Expense | 2.46K | 2.40K | ||||
| Net Income | 5.19M | 4.59M | -12.73M | -12.62M | -7.74M | -15.77M |
| Preferred Dividends & Other Adjustments | 649.56K | 46.59K | ||||
| Net Income to Common | 5.19M | 4.59M | -13.38M | -12.66M | -7.74M | -15.77M |
| Shares Outstanding (Basic) | 442.50K | 15.13K | ||||
| Shares Outstanding (Diluted) | 496.20K | 68.83K | ||||
| EPS (Basic) | 11.72 | 303.30 | ||||
| EPS (Diluted) | 10.36 | 66.00 | ||||
| Free Cash Flow | -8.94M | -8.23M | -8.24M | -3.79M | -96.04K | -2.62M |
| Free Cash Flow Per Share | -18.02 | -119.49 | ||||
| Gross Margin | -4.70% | -3.27% | -6.88% | -1.46% | 9.42% | -24.36% |
| Operating Margin | -95.12% | -109.72% | -89.62% | -102.42% | -35.38% | -1,436.13% |
| Profit Margin | 49.50% | 50.01% | -95.44% | -103.67% | -35.39% | -1,417.49% |
| Free Cash Flow Margin | -85.30% | -89.62% | -58.75% | -31.01% | -0.44% | -235.66% |
| EBITDA | -9.96M | -10.07M | -12.56M | -12.47M | -7.73M | -15.97M |
| EBITDA Margin | -95.09% | -109.69% | -89.60% | -102.13% | -35.38% | |
| D&A For EBITDA | 2.55K | 2.55K | 2.56K | 35.72K | 1.68K | 912.00 |
| EBIT | -9.97M | -10.07M | -12.57M | -12.51M | -7.74M | -15.97M |
| EBIT Margin | -95.12% | -109.72% | -89.62% | -102.42% | -35.38% | |
| Advertising Expenses | 779.00K | 687.78K | 573.88K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 10.61M | 1.82M | 5.87M | 2.10M | 1.53M | 643.49K |
| Cash & Short-Term Investments | 10.61M | 1.82M | 5.87M | 2.10M | 1.53M | 643.49K |
| Receivables | 84.56K | 97.33K | 132.23K | 96.54K | ||
| Prepaid Expenses | 800.00K | |||||
| Other Current Assets | 182.28K | 248.72K | 357.75K | 190.07K | 357.86K | 79.55K |
| Total Current Assets | 10.88M | 2.17M | 6.36M | 3.19M | 1.89M | 723.04K |
| Property, Plant & Equipment | 1.23K | 511.21K | 1.05M | 1.58M | 2.09M | 7.50K |
| Long-Term Investments | 26.84M | 18.00M | 100.00K | 100.00K | ||
| Other Intangible Assets | 86.75K | 86.75K | 86.75K | 73.83K | 155.01K | 287.71K |
| Long-Term Deferred Charges | 69.33K | |||||
| Other Long-Term Assets | 4.28M | 4.92M | 3.19M | 798.11K | 762.98K | 1.05M |
| Total Assets | 42.09M | 25.68M | 10.80M | 5.74M | 4.89M | 2.14M |
| Accounts Payable | 808.90K | 1.62M | 280.45K | 1.66M | 242.93K | 296.20K |
| Accrued Expenses | 1.02M | 1.15M | 1.66M | 2.42M | 951.69K | 116.11K |
| Short-Term Debt | 587.99K | 394.92K | ||||
| Current Portion of Leases | 495.78K | 525.55K | 510.03K | 494.98K | ||
| Current Unearned Revenue | 269.81K | 443.13K | 1.32M | 1.78M | 933.36K | 436.33K |
| Total Current Liabilities | 2.10M | 3.71M | 3.79M | 6.95M | 2.62M | 1.24M |
| Long-Term Leases | 495.78K | 1.02M | 1.53M | |||
| Total Liabilities | 2.10M | 3.71M | 4.28M | 7.97M | 4.15M | 1.24M |
| Common Stock | 172.00 | 628.00 | 162.00 | 4.00 | 445.00 | 12.00 |
| Additional Paid-In Capital | 92.90M | 69.94M | 59.07M | 35.34M | 27.41M | 19.18M |
| Retained Earnings | -52.91M | -47.96M | -52.55M | -39.27M | -26.66M | -18.92M |
| Comprehensive Income & Other | -6.72K | -6.72K | -6.72K | -6.72K | -15.54K | -96.60K |
| Total Common Equity | 39.98M | 21.98M | 6.51M | -3.94M | 736.29K | 163.57K |
| Shareholders' Equity | 39.98M | 21.98M | 6.51M | -2.23M | 736.29K | 897.47K |
| Total Liabilities & Equity | 42.09M | 25.68M | 10.80M | 5.74M | 4.89M | 2.14M |
| Total Debt | 495.78K | 1.02M | 2.12M | 2.03M | 394.92K | |
| Net Cash (Debt) | 10.61M | 1.32M | 4.85M | -18.81K | -498.95K | 248.57K |
| Net Cash Per Share | 21.38 | 19.23 | ||||
| Filing Date Shares Outstanding | 3.56M | 596.05K | 10.94K | 271.00 | 124.44M | 120.52M |
| Total Common Shares Outstanding | 1.73M | 31.41K | 217.00 | 124.44M | 120.52M | |
| Working Capital | 8.77M | -1.54M | 2.57M | -3.76M | -737.71K | -520.53K |
| Book Value Per Share | 23.17 | 699.55 | -18,138.43 | 0.01 | 0.00 | |
| Tangible Book Value | 39.90M | 21.89M | 6.43M | -4.01M | 581.28K | -124.14K |
| Tangible Book Value Per Share | 23.12 | 696.79 | -18,478.66 | 0.00 | -0.00 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 5.19M | 4.59M | -12.73M | -12.62M | -7.74M | -15.77M |
| Depreciation & Amortization | 2.55K | 2.55K | 2.56K | 35.72K | 1.68K | 912.00 |
| Other Amortization | 80.76K | 187.52K | 132.70K | 133.87K | ||
| Loss (Gain) From Sale of Investments | -14.97M | -14.48M | ||||
| Stock-Based Compensation | 440.80K | 1.63M | 4.29M | 6.65M | 6.49M | 12.69M |
| Other Operating Activities | 418.58K | 539.65K | 524.13K | 509.08K | 494.47K | -207.36K |
| Change in Accounts Receivable | 27.52K | 34.90K | -35.69K | -96.54K | 400.00 | |
| Change in Accounts Payable | 441.54K | 1.34M | 740.38K | 366.59K | -53.27K | 15.64K |
| Change in Unearned Revenue | -378.04K | -876.62K | -460.05K | 846.43K | 497.03K | 436.33K |
| Change in Other Net Operating Assets | -108.28K | -1.01M | -631.49K | 338.24K | 76.89K | 82.50K |
| Operating Cash Flow | -8.94M | -8.23M | -8.23M | -3.78M | -96.04K | -2.61M |
| Capital Expenditures | -12.92K | -4.34K | -8.41K | |||
| Sale (Purchase) of Intangibles | -51.52K | -97.98K | ||||
| Investment in Securities | -11.78M | -3.42M | -2.40M | -100.00K | ||
| Other Investing Activities | 27.00K | -1.65M | 3.55K | -35.13K | 290.49K | -439.75K |
| Investing Cash Flow | -11.75M | -5.08M | -2.41M | -191.00K | 290.49K | -546.13K |
| Short-Term Debt Issued | 500.00K | 42.00K | 200.20K | |||
| Long-Term Debt Issued | 86.36K | |||||
| Total Debt Issued | 500.00K | 42.00K | 286.56K | |||
| Short-Term Debt Repaid | -668.75K | -436.92K | -257.31K | |||
| Total Debt Repaid | -668.75K | -436.92K | -257.31K | |||
| Net Debt Issued (Repaid) | -668.75K | 500.00K | -394.92K | 29.25K | ||
| Issuance of Common Stock | 28.44M | 713.37K | 12.59M | 3.86M | 3.00M | 2.84M |
| Other Financing Activities | -5.41M | -2.47M | -1.87M | 183.23K | -1.69M | -1.29M |
| Financing Cash Flow | 23.03M | 9.25M | 14.41M | 4.55M | 689.45K | 1.58M |
| Net Cash Flow | 2.34M | -4.05M | 3.77M | 573.15K | 883.90K | -1.58M |
| Free Cash Flow | -8.94M | -8.23M | -8.24M | -3.79M | -96.04K | -2.62M |
| Free Cash Flow Margin | -85.30% | -89.62% | -58.75% | -31.01% | -0.44% | -235.66% |
| Free Cash Flow Per Share | -18.02 | -119.49 | ||||
| Levered Free Cash Flow | -5.93M | -4.57M | -5.59M | 1.93M | 2.79M | 3.22M |
| Unlevered Free Cash Flow | -5.93M | -4.57M | -5.57M | 1.90M | 2.79M | 3.22M |
| Cash Interest Paid | 167.05K | |||||
| Cash Income Tax Paid | 2.46K | 2.40K | ||||
| Change in Working Capital | -17.26K | -505.87K | -386.85K | 1.45M | 520.66K | 534.87K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.13M | 2.48M | 5.91M | 13.15M | 150.95M | 143.01M |
| Enterprise Value | -7.48M | -369.62K | 7.90M | 16.13M | 153.22M | 142.88M |
| Last Close Price | 0.81 | 11.11 | 86.08 | 6,143.42 | 44,582.46 | 42,236.02 |
| PE Ratio | 0.08 | 0.54 | ||||
| PS Ratio | 0.30 | 0.27 | 0.42 | 1.08 | 6.91 | 128.58 |
| PB Ratio | 0.04 | 0.11 | 0.91 | -5.89 | 205.02 | 159.34 |
| P/TBV Ratio | 0.08 | 0.11 | 0.92 | 259.69 | ||
| EV/Sales Ratio | 0.56 | 1.32 | 7.01 | 128.46 | ||
| Debt / Equity Ratio | 0.02 | 0.16 | -0.95 | 2.75 | 0.44 | |
| Net Debt / Equity Ratio | -0.27 | -0.06 | -0.74 | -0.01 | 0.68 | -0.28 |
| Net Debt / EBITDA Ratio | 1.06 | 0.13 | 0.39 | -0.00 | -0.07 | 0.02 |
| Net Debt / FCF Ratio | 1.19 | 0.16 | 0.59 | -0.01 | -5.20 | 0.10 |
| Asset Turnover | 0.37 | 0.50 | 1.70 | 2.30 | 6.22 | 0.42 |
| Quick Ratio | 5.08 | 0.52 | 1.58 | 0.32 | 0.58 | 0.52 |
| Current Ratio | 5.17 | 0.58 | 1.68 | 0.46 | 0.72 | 0.58 |
| Return on Equity (ROE) | 20.22% | 32.22% | -595.24% | -947.29% | -852.27% | |
| Return on Assets (ROA) | -22.03% | -34.50% | -94.99% | -147.12% | -137.52% | -373.24% |
| Return on Capital Employed (ROCE) | -24.90% | -45.80% | -179.30% | 1,031.60% | -341.10% | -1,779.70% |
| Earnings Yield | 1,176.88% | 185.27% | -215.48% | -95.91% | -5.13% | -11.02% |
| FCF Yield | -285.46% | -332.04% | -139.42% | -28.79% | -0.06% | -1.83% |