Jet AI turned in its first annual net profit since going public in 2023 as it prepares to move into AI powered data centers.
The long-delayed sale of Jet AI’s aviation group to FlyExclusive is expected to close by the end of April.
Jet AI launched operations in 2021.
It went public via a SPAC IPO in August 2023.
After completing the sale of aviation assets, Jet AI will focus on AI-powered data centers.
Revenues in 2025 dropped to $9.2 million from $14.0 million in 2024.
Software app and charter revenue via its agreement with Cirrus Aviation was $4.8 millionl, down from $8.1 million.
Jet card and fractional programs drove $1.1 million in revenues.
That was down from $2.3 million in 2024.
Aircraft management and other services accounted for $3.3 million of revenues, down from $3.6 million.
At the end of 2025, deferred revenue totaled $443,126.
That included $259,000 related to jet card prepayments.
There was $184,000 of customer prepayments associated with its ad hoc charter app.
Operating loss decreased from $12.6 million to $10.1 million last year.
Unrealized gains of $14.7 million produced a pre-tax income of $4.6 million.
The net loss in 2024 was $12.7 million.
Jet AI said it has approximately $13.7 million of cash and no debt as of March 5, 2025.
That compares to $1.8 million at year-end 2025.
An aircraft purchase agreement with Textron Aviation will be transferred to FlyExclusive upon completion of the sale.
FlyExclusive will gain delivery slots for three Citation CJ3s.
Find the perfect solution for your private aviation needs
Save Time. Buy Confidently.
Receive an apples-to-apples comparison of programs that meet your needs from more than 500 jet card and fractional options covering 65 points of differentiation and over 40,000 data points.
