10-Q · May 14, 2026
Jet.AI's Q1 2026 10-Q reflects a continued decline in revenues and increased net losses compared to prior periods. The company's revenue was reported at $1.68 million, largely impacted by a strategic shift away from…
Earnings analysis · 10-Q
JTAI earnings analysis
Filed August 14, 2026 · Our reading of the company's report
The latest report
The provided 10-Q excerpt does not include the income statement, balance sheet, cash-flow statement, segment disclosures, or MD&A, so current-quarter revenue, margins, EPS, cash flow, and working-capital trends cannot…
Read full summary
The provided 10-Q excerpt does not include the income statement, balance sheet, cash-flow statement, segment disclosures, or MD&A, so current-quarter revenue, margins, EPS, cash flow, and working-capital trends cannot be quantified. The principal filing update is the July 13, 2026 Spin-Off and subsequent flyExclusive Merger, which materially changes the Company’s operating scope. Risk has increased around integration, strategic-transaction execution, liquidity, and potential dilution, while no quantitative guidance was provided.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
What stood out
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Spin-Off and Merger Completed
Management stated that the Spin-Off was effected on July 13, 2026, and that the Merger with flyExclusive closed shortly thereafter.
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Disclosure Controls Effective
The Company reported that its disclosure controls and procedures were effective as of June 30, 2026.
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No Material Control Changes
The Company reported no material changes to internal control over financial reporting during the quarter ended June 30, 2026.
What to watch
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Business Model Transition
Following the July 13, 2026 Spin-Off and the subsequent Merger, the Company no longer owns or operates its former fractional and jet card business, changing the scope of its go-forward business plan.
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Merger and Acquisition Execution
The Company stated that the recently closed Merger with flyExclusive and future strategic transactions may fail to generate intended benefits, while the non-binding LOI entered into in July 2026 may not be completed.
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Funding and Dilution Risk
The filing warns that acquisitions and strategic transactions could require cash, new equity issuance, or new debt, potentially adversely affecting liquidity, the balance sheet, results, and stock price.
Management's outlook
The provided 10-Q text contains no quantitative revenue or EPS outlook. Numeric outlook was not provided in the filing.
Earlier filings 4
10-K · March 6, 2026
Jet.AI executed a strategic pivot in 2025 from aviation/SaaS toward becoming a “pure‑play AI data center infrastructure company” and has initiated multiple joint ventures and project contributions. The company has…
10-Q · November 14, 2025
Jet.AI reported Q3 revenue of $1,710,988 and a net loss of $1,966,049 (EPS $(0.59)). Revenue fell materially versus prior-year Q3 ($3,917,393) while operating loss narrowed to $(2,036,197) from $(2,881,938). The company…
10-Q · May 15, 2025
Jet.AI reported Q1 2025 revenue of $3,474,638, down from $3,848,598 in Q1 2024, and a net loss of $3,169,804 (net loss per share $(1.85)). Liquidity materially improved after financings: cash and cash equivalents rose…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.