JTAI

MKT CAP:$398

Jet.AI Inc.

Market Cap

$398

Technology·Software - Application·🇺🇸 United States·NASDAQ

Technology·Software App·🇺🇸·NASDAQ

Stock Price

$7.94+$7.29 (+1126.07%)

Apr 21, 2026

Company Details

Jet.AI Inc. primarily engages in the development and operation of private aviation platforms. The company operates CharterGPT, a booking platform that functions as a prospecting and quoting platform to arrange private jet travel with its ai...

CEO

George Murnane

IPO Date

Oct 1, 2021

Website

jet.ai

Key Metrics TTM

Revenue

$9M

-34.6% YoY

Net Income

$5M

EPS (Diluted)

-$1.43

Free Cash Flow

-$8M

Revenue / Share

$0.67

Gross Margin

-3.3%

Operating Margin

-109.7%

Net Margin

50.0%

FCF Margin

-89.6%

P/S

0.0x

P/E

0.0x

Earnings Reports

Q1 2026

May 14, 2026

PENDING

FY 2025

Mar 6, 2026

$9M-34.6%EPS $0.33

Q4 2025

Mar 6, 2026

$2M-44.3%EPS $1.93

Q3 2025

Nov 14, 2025

$2M-56.3%EPS -$0.59

Q2 2025

Aug 14, 2025

$2M-27.8%EPS -$0.92

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 21	$85.5K	-$92.8K	-$1M
Q1 22	$731.4K	-$75.9K	-$2M
Q2 22	$7M	$888.9K	-$921.9K
Q4 22	$2M	$242.1K	-$3M
Q1 23	$2M	-$75.0K	-$3M
Q2 23	$3M	-$200.8K	-$2M
Q3 23	$3M	$170.4K	-$4M
Q4 23	$4M	-$73.1K	-$3M
Q1 24	$4M	-$124.4K	-$3M
Q2 24	$3M	-$417.0K	-$3M
Q3 24	$4M	-$13.9K	-$3M
Q4 24	$3M	-$409.0K	-$3M
Q1 25	$3M	-$115.5K	-$3M
Q2 25	$2M	-$110.3K	-$2M
Q3 25	$2M	-$288.4K	-$2M
Q4 25	$2M	$214.2K	-$2M

Valuation

Quarter	P/S	P/E
Q2 21	—	—
Q1 22	—	—
Q2 22	—	—
Q4 22	0.0x	—
Q1 23	0.0x	—
Q2 23	0.0x	—
Q3 23	0.0x	—
Q4 23	0.0x	—
Q1 24	0.0x	—
Q2 24	0.0x	—
Q3 24	0.0x	—
Q4 24	0.0x	—
Q1 25	0.0x	—
Q2 25	0.0x	—
Q3 25	0.0x	—
Q4 25	0.0x	0.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$297.6K	$297.6K
Q2 22	-$427.6K	-$427.6K
Q4 22	-$515.3K	-$515.3K
Q1 23	-$1M	-$1M
Q2 23	-$727.2K	-$740.1K
Q3 23	-$825.4K	-$838.3K
Q4 23	-$1M	-$1M
Q1 24	-$3M	-$3M
Q2 24	-$2M	-$2M
Q3 24	-$135.1K	-$135.1K
Q4 24	-$3M	-$3M
Q1 25	-$2M	-$2M
Q2 25	-$3M	-$3M
Q3 25	-$4M	-$4M
Q4 25	$692.1K	$692.1K

Capital Expenditures

Quarter	CapEx
Q1 22	$0
Q2 22	$0
Q4 22	$0
Q1 23	$8.6K
Q2 23	$12.9K
Q3 23	$12.9K
Q4 23	$21.5K
Q1 24	$12.9K
Q2 24	$3
Q3 24	$0
Q4 24	$0
Q1 25	$0
Q2 25	$0
Q3 25	$0
Q4 25	$3

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+2094.7%	+206.7%
Q2 23	+281.8%	+99.6%
Q3 23	-52.0%	-3.8%
Q4 23	+88.9%	+41.3%
Q1 24	+105.2%	+52.3%
Q2 24	+10.4%	+20.3%
Q3 24	+16.3%	-10.9%
Q4 24	-24.1%	-10.6%
Q1 25	-9.7%	-5.0%
Q2 25	-27.8%	-25.4%
Q3 25	-56.3%	-44.9%
Q4 25	-44.3%	-36.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$1M	157.4%
Q2 22	$1M	16.4%
Q4 22	$2M	93.2%
Q1 23	$1M	75.0%
Q2 23	$1M	48.3%
Q3 23	$3M	79.3%
Q4 23	$1M	29.2%
Q1 24	$1M	31.2%
Q2 24	$1M	39.0%
Q3 24	$0	0.0%
Q4 24	$572.8K	18.1%
Q1 25	$550.9K	15.9%
Q2 25	$763.1K	34.3%
Q3 25	$175.6K	10.3%
Q4 25	$136.4K	7.7%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q2 21	$24.2K	$1M	$283.1K
Q1 22	$19.1K	$2M	$85.7K
Q2 22	$27.1K	$2M	$77.5K
Q4 22	$176.9K	$3M	$145.3K
Q1 23	$69.5K	$2M	$120.2K
Q2 23	$28.6K	$2M	$103.5K
Q3 23	$48.8K	$4M	$157.0K
Q4 23	$47.1K	$3M	$193.2K
Q1 24	$32.5K	$3M	$446.6K
Q2 24	$37.4K	$3M	$102.5K
Q3 24	$38.0K	$3M	$83.3K
Q4 24	$54.3K	$3M	$55.4K
Q1 25	$108.9K	$3M	$294.4K
Q2 25	$41.0K	$2M	$81.6K
Q3 25	$39.3K	$1M	$300.1K
Q4 25	$54.9K	$2M	$102.9K

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q2 21	—	0.0%	—
Q1 22	—	-254.4%	—
Q2 22	—	-13.1%	—
Q4 22	—	-132.1%	—
Q1 23	2094.7%	-145.0%	1949.8
Q2 23	281.8%	-86.5%	195.3
Q3 23	-52.0%	-125.7%	-177.6
Q4 23	88.9%	-72.8%	16.1
Q1 24	105.2%	-81.0%	24.2
Q2 24	10.4%	-103.3%	-92.9
Q3 24	16.3%	-73.5%	-57.2
Q4 24	-24.1%	-104.4%	-128.5
Q1 25	-9.7%	-91.2%	-100.9
Q2 25	-27.8%	-107.1%	-134.9
Q3 25	-56.3%	-114.9%	-171.2
Q4 25	-44.3%	-144.4%	-188.8

Rule of 40

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$554.4K	$0	$554.4K
Q2 22	$419.0K	$0	$419.0K
Q3 22	$279.0K	$0	$279.0K
Q4 22	$2M	$0	$2M
Q1 23	$1M	$0	$1M
Q2 23	$638.2K	$0	$638.2K
Q3 23	$903.9K	$0	$903.9K
Q4 23	$2M	$0	$2M
Q1 24	$95.6K	$0	$95.6K
Q2 24	$528.1K	$0	$528.1K
Q3 24	$311.9K	$0	$311.9K
Q4 24	$6M	$0	$6M
Q1 25	$12M	$0	$12M
Q2 25	$8M	$0	$8M
Q3 25	$3M	$0	$3M
Q4 25	$2M	$0	$2M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 21	64K	—	—
Q1 22	9M	+13432.8%	—
Q2 22	9M	+0.0%	—
Q4 22	14M	+66.3%	—
Q1 23	9M	-39.9%	+13432.8%
Q2 23	9M	0.0%	0.0%
Q3 23	7M	-19.5%	-19.5%
Q4 23	10M	+39.0%	-32.7%
Q1 24	11M	+17.3%	+31.3%
Q2 24	13M	+12.8%	+48.1%
Q3 24	79K	-99.4%	-98.9%
Q4 24	279K	+255.6%	-97.1%
Q1 25	2M	+512.8%	-85.0%
Q2 25	3M	+51.0%	-80.0%
Q3 25	3M	+29.1%	+4146.8%
Q4 25	14M	+312.8%	+4830.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 21	—	—
Q1 22	$365.7K	2
Q2 22	$4M	2
Q4 22	$1M	2
Q1 23	$937.8K	2
Q2 23	$1M	2
Q3 23	$2M	2
Q4 23	$464.3K	9
Q1 24	$427.6K	9
Q2 24	$342.7K	9
Q3 24	$435.3K	9
Q4 24	$396.6K	8
Q1 25	$434.3K	8
Q2 25	$278.2K	8
Q3 25	$213.9K	8
Q4 25	$196.2K	9

Revenue / Employee