Global Crossing Airlines Group Inc (JETMF) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 4, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the JETMF SEC filings page.
Global Crossing Airlines Group Inc (JETMF) reported $256.9M in revenue over the twelve months to Jun 30, 2026, up 6.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Operating turnaround is visible, but heavy financing costs and a liability-heavy balance sheet still absorb the gains.
In FY2025, operating cash flow of$28.1M greatly exceeded net income of-$3.1M , indicating that reported cash generation was materially stronger than bottom-line earnings. After capital spending, free cash flow remained$16.5M , so the business converted activity into cash despite still reporting a loss; that gap likely reflects non-cash charges or balance-sheet movements rather than fully realized profitability.
Operating margin moved from
In FY2025, liabilities were
Financial Health Signals
Global Crossing Airlines Group Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Global Crossing Airlines Group Inc scores 0.60, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Global Crossing Airlines Group Inc passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
Global Crossing Airlines Group Inc reported a net loss of $3.1M while generating $28.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Global Crossing Airlines Group Inc earns $0.77 in operating income for every $1 of interest expense ($8.9M vs $11.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Global Crossing Airlines Group Inc generated $62.0M in revenue in Q2 2026. This represents an increase of 1.0% from the same quarter a year earlier. Against the prior quarter it is down 19.0%.
Global Crossing Airlines Group Inc's EBITDA was $6.9M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 18.0% from the same quarter a year earlier. Against the prior quarter it is down 35.5%.
Global Crossing Airlines Group Inc reported -$1.3M in net income in Q2 2026. This represents a decrease of 319.9% from the same quarter a year earlier. Against the prior quarter it is down 149.7%.
Global Crossing Airlines Group Inc earned -$0.02 per diluted share (EPS) in Q2 2026. This represents a decrease of 300.0% from the same quarter a year earlier. Against the prior quarter it is down 150.0%.
Cash & Balance Sheet
Global Crossing Airlines Group Inc recorded an outflow of $4.1M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 166.5% from the same quarter a year earlier. Against the prior quarter it is down 176.8%.
Global Crossing Airlines Group Inc held $9.9M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
Global Crossing Airlines Group Inc's operating margin was 2.2% in Q2 2026, reflecting core business profitability. This is down 3.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 5.8 percentage points.
Global Crossing Airlines Group Inc's net profit margin was -2.2% in Q2 2026, showing the share of revenue converted to profit. This is down 3.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 5.7 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
Global Crossing Airlines Group Inc invested $2.5M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 7.9% from the same quarter a year earlier. Against the prior quarter it is down 32.9%.
Not reported for Q2 2026.
Not reported for Q2 2026.
JETMF Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $62.0M+1.0% | $76.6M+15.0% | $60.3M+0.7% | $58.0M+10.7% | $61.4M+6.7% | $66.6M+23.7% | $59.9M+11.2% | $52.4M+23.2% |
| Operating Income | $1.4M-58.2% | $6.1M+96.3% | $1.5M-57.0% | $1.0M+141.3% | $3.3M+28.9% | $3.1M+167.3% | $3.5M+380.2% | -$2.5M-7.5% |
| EBITDA | $6.9M+18.0% | $10.8M+101.0% | $5.3M+1.9% | $4.3M+770.8% | $5.9M+47.6% | $5.4M+255.1% | $5.2M+1441.9% | -$638K+63.8% |
| Interest Expense | $3.8M+42.5% | $3.3M+27.1% | $3.3M+28.2% | $3.0M+25.4% | $2.7M+17.8% | $2.6M+46.8% | $2.6M+129.0% | $2.4M-7.0% |
| Income Tax | $0 | $0 | $18K | $0 | $0 | $0 | N/A | $0 |
| Net Income | -$1.3M-319.9% | $2.7M+1647.4% | -$1.9M-278.4% | -$2.0M+59.9% | $608K+114.1% | $154K+102.4% | -$490K+81.0% | -$4.9M-0.1% |
| EPS (Basic) | -$0.02-300.0% | $0.04 | -$0.03-200.0% | -$0.03+62.5% | $0.01 | $0.00+100.0% | -$0.01+75.0% | -$0.080.0% |
| EPS (Diluted) | -$0.02-300.0% | $0.04 | -$0.03-200.0% | -$0.03+62.5% | $0.01 | $0.00+100.0% | -$0.01+75.0% | -$0.080.0% |
| Diluted Shares (Avg) | 67M-6.1% | 71M+2.1% | N/A | 65M+6.3% | 71M-14.8% | 70M+17.5% | N/A | 61M+5.8% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses.
JETMF Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $204.6M+23.6% | $205.3M+24.2% | $203.1M+21.8% | $170.7M+5.0% | $165.5M+7.9% | $165.3M+9.9% | $166.7M+27.0% | $162.6M+50.9% |
| Current Assets | $22.0M-10.4% | $29.2M+33.6% | $31.2M+33.7% | $16.5M-3.0% | $24.6M+27.1% | $21.8M+3.9% | $23.4M-23.7% | $17.0M-40.5% |
| Cash & Equivalents | $9.9M-26.2% | $16.9M+132.1% | $16.7M+35.2% | $7.1M-0.2% | $13.4M+67.1% | $7.3M-12.2% | $12.3M+6.5% | $7.1M-45.8% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $4.6M-29.7% | $4.8M-46.4% | $6.8M+1.6% | $4.9M-24.0% | $6.6M+1.2% | $8.9M+59.5% | $6.7M-34.4% | $6.4M-13.9% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $231.4M+20.3% | $231.4M+19.5% | $232.5M+18.5% | $199.0M+3.6% | $192.4M+7.8% | $193.7M+9.8% | $196.2M+29.8% | $192.1M+52.0% |
| Current Liabilities | $89.7M+27.1% | $92.7M+38.9% | $91.7M+39.2% | $70.6M+23.8% | $70.6M+38.2% | $66.8M+27.9% | $65.9M+24.2% | $57.0M+33.7% |
| Non-Current Liabilities | $141.8M+16.3% | $138.7M+9.2% | $140.8M+8.1% | $128.4M-4.9% | $121.8M-4.3% | $127.0M+2.3% | $130.3M+32.8% | $135.1M+61.3% |
| Total Equity | -$26.9M+1.2% | -$26.3M+8.7% | -$29.5M+0.1% | -$28.4M+4.2% | -$27.2M-8.4% | -$28.9M-10.4% | -$29.6M-47.1% | -$29.6M-59.4% |
| Retained Earnings | -$72.3M-3.5% | -$70.9M-0.7% | -$73.6M-4.3% | -$71.8M-2.4% | -$69.8M-7.1% | -$70.4M-7.5% | -$70.6M-19.4% | -$70.1M-24.0% |
Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.
JETMF Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.6M-118.2% | $9.0M+8401.9% | $18.6M+79.7% | $597K+158.7% | $8.8M+888.5% | $106K+105.0% | $10.3M+92.1% | -$1.0M+90.2% |
| Depreciation & Amortization | $5.6M+113.8% | $4.7M+107.6% | $3.9M+115.3% | $3.2M+73.9% | $2.6M+80.5% | $2.2M+92.8% | $1.8M+113.4% | $1.9M+229.7% |
| Stock-Based Compensation | $637K-20.5% | $497K-7.3% | N/A | $800K+100.0% | $801K+60.2% | $536K+56.3% | N/A | $400K-33.3% |
| Capital Expenditures | $2.5M-7.9% | $3.7M+35.2% | $1.6M-29.7% | $4.6M+231.0% | $2.7M+42.8% | $2.7M+59.1% | $2.2M+13.3% | $1.4M+57.3% |
| Free Cash Flow | -$4.1M-166.5% | $5.3M+302.5% | $17.0M+109.6% | -$4.0M-66.7% | $6.1M+719.4% | -$2.6M+31.8% | $8.1M+137.3% | -$2.4M+78.6% |
| Investing Cash Flow | -$3.7M+0.6% | -$6.0M-109.8% | -$2.7M+28.1% | -$5.0M-380.6% | -$3.7M-89.6% | -$2.9M+11.5% | -$3.7M+30.9% | -$1.0M+72.3% |
| Financing Cash Flow | -$2.8M-124.3% | -$3.5M-233.2% | -$2.6M-595.7% | -$2.5M-334.1% | -$1.2M-129.5% | -$1.1M-355.4% | -$372K-191.6% | -$569K-102.5% |
| Dividends Paid | N/A | N/A | $120K-4.0% | $200K | N/A | N/A | $125K | $0 |
Not reported in any period shown, so not listed: Share Buybacks.
JETMF Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 2.2%-3.1pp | 8.0%+3.3pp | 2.5%-3.3pp | 1.8%+6.6pp | 5.3%+0.9pp | 4.7%+13.3pp | 5.8%+8.0pp | -4.8%+0.7pp |
| Net Margin | -2.2%-3.1pp | 3.5%+3.3pp | -3.1%-2.3pp | -3.4%+5.9pp | 1.0%+0.5pp | 0.2%+12.1pp | -0.8%+4.0pp | -9.3%+2.1pp |
| Return on Assets | -0.7%-1.0pp | 1.3%+1.2pp | -0.9%-0.6pp | -1.1%+1.9pp | 0.4%+0.2pp | 0.1%+4.3pp | -0.3%+1.7pp | -3.0%+1.5pp |
| Current Ratio | 0.25-0.1x | 0.310.0x | 0.340.0x | 0.23-0.1x | 0.350.0x | 0.33-0.1x | 0.35-0.2x | 0.30-0.4x |
| Asset Turnover | 0.30-0.1x | 0.370.0x | 0.30-0.1x | 0.340.0x | 0.370.0x | 0.400.0x | 0.36-0.1x | 0.32-0.1x |
| FCF Margin | -6.6%-16.6pp | 7.0%+10.9pp | 28.2%+14.6pp | -6.9%-2.3pp | 10.0%+11.7pp | -3.9%+3.2pp | 13.5%+7.2pp | -4.6%+21.8pp |
Not reported in any period shown, so not listed: Gross Margin, Return on Equity, Debt-to-Equity.
Note: Shareholder equity is negative (-$29.5M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.34), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Global Crossing Airlines Group Inc JETMF | FY2025 | $246.3M | -$3.1M | -1.2% | $42.1M | — |
| Harbor Diversified Inc HRBR | FY2024 | $202.4M | -$17.2M | -8.5% | $91.2M | — |
| Globl Tech Indus GTII | FY2023 | N/A | N/A | N/A | $3.5M | — |
Where Global Crossing Airlines Group Inc Ranks
Frequently Asked Questions
What is Global Crossing Airlines Group Inc's annual revenue?
Global Crossing Airlines Group Inc (JETMF) reported $246.3M in total revenue for fiscal year 2025. This represents a 10.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Global Crossing Airlines Group Inc's revenue growing?
Global Crossing Airlines Group Inc (JETMF) revenue grew by 10.1% year-over-year, from $223.8M to $246.3M in fiscal year 2025.
Is Global Crossing Airlines Group Inc profitable?
No, Global Crossing Airlines Group Inc (JETMF) reported a net income of -$3.1M in fiscal year 2025, with a net profit margin of -1.2%.
What is Global Crossing Airlines Group Inc's EBITDA?
Global Crossing Airlines Group Inc (JETMF) had EBITDA of $20.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Global Crossing Airlines Group Inc's operating margin?
Global Crossing Airlines Group Inc (JETMF) had an operating margin of 3.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Global Crossing Airlines Group Inc's net profit margin?
Global Crossing Airlines Group Inc (JETMF) had a net profit margin of -1.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Global Crossing Airlines Group Inc's free cash flow?
Global Crossing Airlines Group Inc (JETMF) generated $16.5M in free cash flow during fiscal year 2025. This represents a 1833.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Global Crossing Airlines Group Inc's operating cash flow?
Global Crossing Airlines Group Inc (JETMF) generated $28.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Global Crossing Airlines Group Inc's total assets?
Global Crossing Airlines Group Inc (JETMF) had $203.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Global Crossing Airlines Group Inc's capital expenditures?
Global Crossing Airlines Group Inc (JETMF) invested $11.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Global Crossing Airlines Group Inc's current ratio?
Global Crossing Airlines Group Inc (JETMF) had a current ratio of 0.34 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Global Crossing Airlines Group Inc's return on assets (ROA)?
Global Crossing Airlines Group Inc (JETMF) had a return on assets of -1.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Global Crossing Airlines Group Inc's P/E ratio?
Global Crossing Airlines Group Inc (JETMF) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $42.1M as of Sep 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Global Crossing Airlines Group Inc's price-to-sales ratio?
Global Crossing Airlines Group Inc (JETMF) trades at 0.2x sales, its market capitalization divided by revenue of $256.9M revenue, trailing 12 months to June 30, 2026. The market capitalization is $42.1M as of Sep 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Why is Global Crossing Airlines Group Inc's debt-to-equity ratio negative or not reported?
Global Crossing Airlines Group Inc (JETMF) has negative shareholder equity of -$29.5M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Global Crossing Airlines Group Inc's Altman Z-Score?
Global Crossing Airlines Group Inc (JETMF) has an Altman Z-Score of 0.60, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Global Crossing Airlines Group Inc's Piotroski F-Score?
Global Crossing Airlines Group Inc (JETMF) has a Piotroski F-Score of 3 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Global Crossing Airlines Group Inc's earnings high quality?
Global Crossing Airlines Group Inc (JETMF) reported a net loss of $3.1M while generating $28.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Global Crossing Airlines Group Inc cover its interest payments?
Global Crossing Airlines Group Inc (JETMF) has an interest coverage ratio of 0.77x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.