Jet.AI Inc. (JTAI) Income Statement
JTAI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsJTAI revenue and net income
Where JTAI's revenue goes
2025Each bar shows an amount and its share of revenue. JTAI kept 50.0% of revenue as net income.
JTAI profit margins
JTAI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −34.6% | −25.1% | +353.5% | — |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
JTAI quarterly EPS vs estimates
Jet.AI beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: November 13, 2026 (estimate $-0.19).
JTAI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue | $9.2M | $14.0M | $12.2M | $21.9M | $1.1M | $4,783 |
| Cost of revenue | $9.5M | $15.0M | $12.4M | $19.8M | $1.4M | $0 |
| Gross profit | −$300,039 | −$964,617 | −$178,533 | $2.1M | −$271,000 | $4,783 |
| Research & development | $244,237 | $162,152 | $160,858 | $137,278 | $117,391 | $17,353 |
| Sales, general & admin | $9.5M | $11.4M | $12.2M | $9.7M | $14.9M | $2.5M |
| Total operating expenses | $9.8M | $11.6M | $12.3M | $9.8M | $85,515 | $2.6M |
| Operating income | −$10.1M | −$12.6M | −$12.5M | −$7.7M | −$85,515 | −$2.6M |
| Interest expense | $0 | $167,054 | $103,615 | $0 | — | — |
| Income before taxes | $4.6M | −$12.7M | −$12.6M | −$7.7M | −$3.5M | −$2.6M |
| Income taxes | — | $2,464 | $2,464 | $2,400 | −$103,000 | $1,867 |
| Net income | $4.6M | −$12.7M | −$12.6M | −$7.7M | −$3.5M | −$2.6M |
| EBITDA | $4.6M | −$12.6M | −$12.4M | −$7.6M | −$3.5M | — |
| EPS (diluted) | −$351.15 | −$25163.48 | −$202.36 | $0.64 | −$0.25 | — |
| Gross margin | −3.3% | −6.9% | −1.5% | 9.4% | −24.4% | 100.0% |
| Operating margin | −109.7% | −89.6% | −102.4% | −35.4% | −7.7% | −53,549.5% |
| Net margin | 50.0% | −90.8% | −103.3% | −35.4% | −318.5% | −53,588.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.3M | $1.7M | $1.8M | $1.7M | $2.2M | $3.5M | $3.2M | $3.9M | $3.1M | $3.8M | $4.2M | $3.4M |
| Cost of revenue | $5.5M | $1.9M | $1.6M | $2.0M | $2.3M | $3.6M | $3.6M | $3.9M | $3.5M | $4.0M | $4.3M | $3.2M |
| Gross profit | −$183,748 | −$234,223 | $214,182 | −$288,407 | −$110,300 | −$115,514 | −$409,379 | −$13,886 | −$416,996 | −$124,356 | −$73,133 | $170,441 |
| Research & development | $55,484 | $99,080 | $54,942 | $39,327 | $41,044 | $108,924 | $54,251 | $37,959 | $37,396 | $32,546 | $47,080 | $48,823 |
| Sales, general & admin | $2.4M | $2.5M | $2.5M | $1.7M | $2.3M | $2.9M | $2.9M | $2.8M | $2.8M | $3.0M | $3.0M | $4.4M |
| Total operating expenses | $2.5M | $2.6M | $2.6M | $1.7M | $2.4M | $3.1M | $2.9M | $2.9M | $2.8M | $3.0M | $3.0M | $4.4M |
| Operating income | −$2.7M | −$2.9M | −$2.4M | −$2.0M | −$2.5M | −$3.2M | −$3.3M | −$2.9M | −$3.2M | −$3.1M | −$3.1M | −$4.3M |
| Interest expense | — | — | $0 | $0 | $0 | $0 | $87,740 | $0 | $79,520 | $79,314 | $79,520 | $24,095 |
| Income before taxes | −$2.3M | −$2.7M | $12.1M | −$2.0M | −$2.4M | −$3.2M | −$3.4M | −$2.9M | −$3.2M | −$3.2M | −$3.2M | −$4.3M |
| Income taxes | — | — | — | — | — | — | −$79,375 | — | $2,464 | $2,464 | $2,464 | $24,095 |
| Net income | −$2.3M | −$2.7M | $12.1M | −$2.0M | −$2.4M | −$3.2M | −$3.4M | −$2.9M | −$3.2M | −$3.2M | −$3.2M | −$4.3M |
| EBITDA | −$2.3M | −$2.7M | $12.1M | −$2.0M | −$2.4M | −$3.2M | −$3.3M | −$2.9M | −$3.2M | −$3.1M | −$3.0M | −$4.2M |
| EPS (diluted) | −$1.72 | −$6.75 | −$116.38 | −$107.38 | −$125.54 | −$1.85 | −$2.98 | −$5418.80 | −$7141.57 | −$12600.13 | −$31.73 | −$137.55 |
| Gross margin | −3.5% | −13.9% | 12.1% | −16.9% | −5.0% | −3.3% | −12.9% | −0.4% | −13.5% | −3.2% | −1.7% | 5.1% |
| Operating margin | −50.4% | −170.4% | −134.9% | −119.0% | −111.4% | −91.3% | −104.5% | −73.6% | −104.4% | −81.8% | −73.6% | −126.7% |
| Net margin | −42.8% | −159.5% | 685.7% | −114.9% | −107.1% | −91.2% | −107.2% | −73.6% | −104.4% | −83.9% | −75.6% | −127.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in JTAI's financial statements (latest annual report filed March 6, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
JTAI financial results
In fiscal year 2025 (ended December 31, 2025), Jet.AI reported revenue of $9.2 million, down 34.6% from the year before. It had net income of $4.6 million, a net profit margin of 50.0%. Diluted earnings per share came to −$351.15. Over five years revenue grew at an average rate of 353.5% a year.
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JTAI income statement FAQ
What is Jet.AI's annual revenue?
Jet.AI reported total revenue of $9.2 million for fiscal year 2025, which ended on December 31, 2025. That was down 34.6% from $14.0 million the previous year.
Is Jet.AI profitable?
Yes. Jet.AI reported net income of $4.6 million in fiscal 2025, a net profit margin of 50.0%; its operating margin was −109.7%.
What is Jet.AI's gross margin?
Jet.AI's gross margin was −3.3% in fiscal 2025: for every $100 of revenue, Jet.AI kept $-3 after the direct cost of its products and services.
How much does Jet.AI spend on research and development?
Jet.AI spent $0.2 million on research and development in fiscal 2025, 2.7% of revenue.
How fast is Jet.AI growing?
Revenue grew 353.5% a year on average over the last five fiscal years, from $0.0 million to $9.2 million.
What are Jet.AI's earnings per share?
Jet.AI earned $-351.15 per diluted share in fiscal 2025, compared with $-25163.48 a year earlier.
When will Jet.AI report its next earnings?
Jet.AI is expected to report results for the quarter ending September 30, 2026 on November 13, 2026.
When does Jet.AI's fiscal year end?
Jet.AI's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 6, 2026.