Jet.AI Inc. Announces Full Year 2025 Financial Results: Strong Turnaround and Strategic Developments Poised to Move Market

LAS VEGAS, March 9, 2026 – Jet.AI Inc. (Nasdaq: JTAI), an emerging provider of high-performance GPU infrastructure and AI cloud services, has released its full year 2025 financial results, signaling a major operational turnaround, robust balance sheet improvements, and several key strategic milestones that could have a significant impact on the company’s future growth and share value.

Key Financial Highlights

• Cash Position: As of March 5, 2026, Jet.AI reported approximately \$13.7 million in cash and no debt, a substantial increase from \$1.8 million in cash at year end 2025.
• Profitability: The company achieved net income positivity for the first time, posting \$4.6 million net income in 2025 versus a loss of \$12.7 million in 2024.
• Revenue and Expenses: Revenue for 2025 was \$9.18 million, down from \$14.02 million in 2024, with cost of revenues at \$9.48 million (down from \$14.99 million). Despite the lower topline, Jet.AI’s gross loss improved to \$(0.3) million from \$(0.96) million. Operating expenses decreased to \$9.77 million from \$11.6 million in the prior year.
• Earnings per Share: Basic net income per share was \$1.52 and diluted net income per share was \$0.33, compared to a loss of \$47.93 per share in 2024.
• Balance Sheet Growth: Total assets more than doubled to \$25.68 million at year end 2025 from \$10.8 million at the end of 2024, with key increases in other investments and deposits on aircraft.
• Book Equity: The company reported \$21.98 million in stockholders’ equity, up from \$6.51 million at the end of the prior year.

Operational and Strategic Milestones

• Canadian Data Center JV: Jet.AI expects to complete the third milestone of its Canadian data center joint venture in Q1 2026, focusing on powered land at its 385-acre Manitoba site and continued progress in the Maritimes. The milestone centers on validating energy access and grid feasibility—crucial for securing hyperscale tenants and project financing.
• Moapa, Nevada Data Center: The power study for Jet.AI’s Moapa, NV site is ongoing. The company announced a planned joint venture for a 50-megawatt data center campus in Clark County, Nevada.
• flyExclusive Transaction: The high-profile merger with flyExclusive, Inc. remains on track to close by April 30, 2026, following an amendment to the merger agreement and flyExclusive’s recent Form 10-K filing. Management emphasized confidence in closing the transaction, which is expected to sharpen Jet.AI’s focus on high-demand AI compute infrastructure.
• AI Infrastructure Acquisition Corp IPO: Jet.AI announced the successful closing of the AI Infrastructure Acquisition Corp IPO, which added approximately \$14.5 million in book equity from its ownership stake in AIIA Sponsor Ltd.
• Capital Access: The company maintains strong access to capital through a \$250 million shelf facility, providing ample flexibility for future investments and expansion.
• Shareholder Rights Plan: Jet.AI adopted a limited duration stockholders rights agreement, aiming to provide the board with more time to make informed decisions in the best long-term interest of shareholders.
• Milestone Letters and Strategic Priorities: Management sent a detailed letter to shareholders outlining recent data center milestones and 2026 strategic priorities, highlighting the transition to an AI infrastructure company.

Additional Financial and Operational Details

• Unrealized Investment Gains: The company reported a significant \$14.48 million unrealized gain on other investments, driving the positive net income for the year.
• Reduced Liabilities: Total liabilities dropped to \$3.71 million from \$4.28 million year over year, with reductions in deferred revenue and lease liabilities.
• Capital Raises: Jet.AI raised \$11 million through the exercise of Series B Convertible Preferred Stock warrants and \$713,372 from common stock issuance in 2025.
• Major Asset Additions: Investments in joint ventures jumped to \$865,000 from \$100,000, and deposits on aircraft rose to \$4.05 million.
• Cash Flow: Despite positive net income, cash used in operations remained high at \$8.22 million, reflecting ongoing investments in growth and infrastructure.

Management Commentary

CEO remarks emphasized a strategic shift toward AI data center infrastructure, noting the company’s clean balance sheet and liquidity flexibility as key enablers. Jet.AI’s leadership believes it is well-positioned to expand its portfolio, pursue new joint ventures, and capitalize on surging AI computing demand. The closing of the flyExclusive transaction is expected to further clarify and focus the company’s growth trajectory.

Potential Shareholder Impacts and Price-Sensitive Information

• Profitability Turnaround: Jet.AI’s shift from substantial losses to net income is a pivotal development likely to impact investor sentiment and share price.
• Strong Capital Position: The company’s debt-free status and increased cash reserves provide confidence in its ability to fund ongoing and future projects.
• Strategic Expansion: Ongoing progress in major data center projects in Canada and Nevada, as well as the anticipated closure of the flyExclusive merger, could serve as catalysts for further share price appreciation.
• Large Unrealized Gains: The significant unrealized gain on investments may not be recurring, but it substantially boosted 2025 earnings and could affect short-term valuation metrics.
• Shareholder Rights Plan: The adoption of a limited duration rights agreement suggests the company is proactively safeguarding shareholder interests amid potential corporate actions or strategic alternatives.

Conclusion

Jet.AI Inc.’s 2025 financial results mark a major inflection point for the company, underscored by the move to profitability, strengthened balance sheet, and a clear strategic pivot toward high-growth AI infrastructure opportunities. The company’s ongoing joint ventures, access to substantial capital, and imminent merger with flyExclusive position it for potentially significant upside as it seeks to become a leading player in the AI data center space. Investors should monitor upcoming milestones, particularly the closure of the flyExclusive deal and progress on major data center campuses, as these could serve as key share price catalysts in the months ahead.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with a financial advisor before making any investment decisions. The information provided is based on the company’s public filings and may include forward-looking statements subject to significant risks and uncertainties.

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