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Jet.AI Inc. 10-Q Filings

JTAI NASDAQ

Every 10-Q that Jet.AI Inc. (JTAI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow JTAI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full JTAI filings page.

Rhea-AI Summary

Jet.AI Inc. reported six‑month 2026 revenue of $7.0 million, up from $5.7 million a year earlier, driven in part by $3.5 million of fractional/whole aircraft sales, while software, charter, jet card and management revenues declined year over year. The company generated a net loss of $4.96 million, modestly improved from a $5.55 million loss in the prior‑year period, and posted a year‑to‑date gross loss of $0.42 million.

Cash and cash equivalents increased to $10.6 million at June 30 2026 from $1.8 million at December 31 2025, primarily from $27.7 million of common stock sales under an at‑the‑market program, lifting total assets to $42.1 million. Jet.AI continued shifting toward AI data center and GPU infrastructure, investing $3.9 million into its Convergence Compute joint venture and $5.25 million into Verso equity certificates, and recognized a $493,000 unrealized gain on its Level 3 investment in AI Infrastructure Acquisition Corp. Management disclosed substantial doubt about the company’s ability to continue as a going concern, citing recurring operating losses and the need for additional capital.

Rhea-AI Summary

Jet.AI Inc. reported another quarterly loss while reshaping its business toward AI data centers. For the three months ended March 31, 2026, revenue fell to $1.68 million from $3.47 million, producing a gross loss and an operating loss of $2.87 million. Net loss narrowed to $2.68 million from $3.17 million a year earlier, and operating cash outflow was $3.04 million. A going concern note highlights limited operating history and ongoing losses, with reliance on future capital raises.

Cash and cash equivalents rose sharply to $13.50 million from $1.82 million, after raising about $19.8 million through an at‑the‑market equity program, partly offset by $3.20 million of offering costs. Total assets increased to $39.41 million, including $17.23 million in Level 3 “other investments” tied to AI Infrastructure Acquisition Corp. sponsor interests and $2.77 million invested in a data‑center joint venture.

The company executed a 1‑for‑200 reverse stock split and ended the quarter with 639,738 common shares outstanding. Management is pivoting away from fractional jet and card programs toward software (such as CharterGPT and Ava) and AI data center ventures, while pursuing a pending transaction to separate its aviation business through a merger of a spin‑off entity with flyExclusive.

Rhea-AI Summary

Jet.AI Inc. filed its Q3 2025 10-Q, reporting continued losses amid a strategic pivot toward AI data centers. Revenue for the quarter was $1,710,988 with a gross loss of $288,407 and an operating loss of $2,036,197. Net loss was $1,966,049. For the nine months, revenue totaled $7,411,526 with a net loss of $7,520,876.

The company disclosed substantial cash burn: net cash used in operating activities was $8,917,202 for the nine months, ending with cash and equivalents of $3,475,410. Stockholders’ equity was $9,229,013 and total liabilities were $3,663,249. Management highlighted “going concern” uncertainty due to recurring losses and funding needs.

Jet.AI advanced its transition by entering a joint venture and contributing $300,000 toward data center development, with commitments of up to $20,000,000 tied to milestones. It also maintained aviation activities, including a Textron agreement for up to three CJ4 aircraft, with $4,050,000 in deposits. Financing activity included $11,000,000 gross proceeds from Series B preferred warrant exercises and ongoing conversions to common stock.