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.
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