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JetAI
(NASDAQ:JTAI)
JetAI (JTAI) vs. SPDR S&P 500 ETF (SPY)
JetAI Business Overview & Revenue Model
JetAI Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.58M | 9.18M | 14.02M | 12.21M | 21.86M | 1.11M |
| Gross Profit | -923.22K | -300.04K | -964.62K | -178.53K | 2.06M | -271.00K |
| EBITDA | -10.83M | -10.07M | -12.56M | -12.38M | -7.60M | -15.84M |
| Net Income | -10.92M | 4.59M | -12.73M | -12.62M | -7.74M | -15.77M |
Balance Sheet | ||||||
| Total Assets | 12.89M | 25.68M | 10.80M | 5.74M | 4.91M | 2.14M |
| Cash, Cash Equivalents and Short-Term Investments | 3.48M | 1.82M | 5.87M | 2.10M | 1.53M | 643.49K |
| Total Debt | 628.65K | 495.78K | 1.02M | 2.12M | 2.03M | 194.73K |
| Total Liabilities | 3.66M | 3.71M | 4.28M | 9.68M | 4.15M | 1.24M |
| Stockholders Equity | 9.23M | 21.98M | 6.51M | -3.94M | 751.84K | 897.47K |
Cash Flow | ||||||
| Free Cash Flow | -12.30M | -8.23M | -8.24M | -3.84M | -96.04K | -2.72M |
| Operating Cash Flow | -12.30M | -8.23M | -8.23M | -3.78M | -96.04K | -2.61M |
| Investing Cash Flow | -4.62M | -5.08M | -2.41M | -191.00K | 290.49K | -546.13K |
| Financing Cash Flow | 20.09M | 9.25M | 14.41M | 4.55M | 689.45K | 1.58M |
JetAI Technical Analysis
JetAI Risk Analysis
JetAI Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $105.02B | 19.57 | 26.17% | 1.55% | -0.14% | 72.35% | |
73 Outperform | $151.53B | 24.26 | 31.71% | 2.24% | 7.48% | 9.55% | |
70 Outperform | $342.95B | 37.76 | 45.24% | 0.48% | -19.21% | 31.83% | |
70 Outperform | €48.58B | 28.20 | 14.51% | 1.66% | 11.16% | -50.57% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | $174.39B | 74.05 | 289.00% | ― | 10.19% | -6.03% | |
43 Neutral | $5.23M | 0.39 | -518.36% | ― | -29.57% | 97.70% |
JetAI Corporate Events
On February 13, 2026, Las Vegas-based Jet.AI adopted a limited-duration stockholders rights agreement and declared a dividend of one preferred share purchase right for each outstanding common share, with distribution set for February 24, 2026. The rights become exercisable if any person or group acquires at least 10% of Jet.AI’s common stock, enabling other shareholders to buy stock at a substantial discount or receive shares in an exchange, while remaining redeemable by the board for a nominal amount before that threshold is crossed.
Structured as a classic poison pill, the plan is designed to deter coercive or undervalued takeover attempts by making hostile acquisitions economically punitive and encouraging would-be acquirers to negotiate directly with the board. The rights, which also capture certain synthetic ownership via derivatives, are intended to protect all shareholders’ ability to realize Jet.AI’s long-term value and will automatically expire on February 12, 2027 unless earlier redeemed or exchanged.
The most recent analyst rating on (JTAI) stock is a Hold with a $0.18 price target. To see the full list of analyst forecasts on JetAI stock, see the JTAI Stock Forecast page.
Jet.AI said on Feb. 12, 2026 that it amended its merger agreement with flyExclusive, executed on Feb. 11, 2026, to remove a closing condition requiring a new $50 million preferred equity financing, noting it now has sufficient positive net working capital to meet minimum cash requirements and that it no longer has any preferred stock outstanding. The amendment also gives Jet.AI greater strategic flexibility to pursue post-merger M&A while, separately, the company disclosed on Feb. 6, 2026 that it had received a Nasdaq notice for failing to meet the $1 minimum bid price rule, triggering a compliance timetable and raising the risk of eventual delisting if it cannot lift its share price.
The Nasdaq notification does not immediately affect trading in Jet.AI’s stock, but the company has until Aug. 5, 2026 to regain compliance and could face delisting absent remediation measures such as a potential reverse stock split. Together, the improved capital position supporting the flyExclusive deal and the bid-price compliance challenge underscore a mixed outlook for shareholders, combining reduced financing overhang and expanded deal options with ongoing listing-pressure risk.
The most recent analyst rating on (JTAI) stock is a Hold with a $0.18 price target. To see the full list of analyst forecasts on JetAI stock, see the JTAI Stock Forecast page.
On January 16, 2026, Jet.AI Inc. entered into a letter agreement with investors Hexstone Capital and Ionic Ventures to clarify and modify certain understandings related to a March 28, 2024 Securities Purchase Agreement. Concurrent with this new agreement, the holder of Jet.AI’s Series B convertible preferred stock converted all remaining outstanding Series B shares, reflecting the full exercise and conversion of the warrant issued under the earlier financing deal. As part of the arrangement, the investors agreed to refrain from taking certain actions to enforce their legal rights under the prior financing documents, and in return the parties adjusted the conversion price of the Series B preferred shares to match the lowest trading price of Jet.AI’s common stock over the ten trading days preceding conversion. Aside from this pricing change, the rights and preferences of the Series B convertible preferred stock remained unchanged, signaling a completed conversion that simplifies the company’s preferred equity overhang while securing investors’ consent on key legal protections.
The most recent analyst rating on (JTAI) stock is a Hold with a $0.44 price target. To see the full list of analyst forecasts on JetAI stock, see the JTAI Stock Forecast page.
On January 13, 2026, Jet.AI Inc. and flyExclusive, Inc. amended their existing merger agreement to extend the transaction’s outside date from December 31, 2025, to April 30, 2026, while reiterating their mutual commitment to complete the deal, with closing now expected in the first quarter of 2026. Separately, on January 9, 2026, Jet.AI amended its at-the-market equity distribution agreement with Maxim Group LLC, raising the potential aggregate gross sales of its common stock from $10 million to $50 million, which expands the company’s financing capacity but remains subject to regulatory limits tied to the market value of non-affiliate-held shares.
The most recent analyst rating on (JTAI) stock is a Sell with a $0.38 price target. To see the full list of analyst forecasts on JetAI stock, see the JTAI Stock Forecast page.
On December 31, 2025, Jet.AI Inc. amended and restated employment agreements with Executive Chairman and Interim CEO Michael Winston and Interim CFO George Murnane, setting initial terms through December 31, 2028, with automatic one-year renewals thereafter, and establishing base salaries effective January 1, 2026, of $425,000 for Winston and $300,000 for Murnane, subject to annual CPI-linked increases and discretionary merit raises. The new contracts tie significant compensation upside to Jet.AI’s market capitalization, with automatic salary increases if post-financing valuation thresholds of $100 million to $250 million are met, provide eligibility for discretionary annual cash bonuses equal to 100% of salary (partly payable in stock), full equity vesting on a change of control, and substantial severance and bonus protections if either executive is terminated without cause or resigns for good reason, including multi-year salary and bonus payouts and benefits, underscoring the company’s effort to secure and incentivize key leadership ahead of the anticipated change of control transaction with flyExclusive, Inc.
The most recent analyst rating on (JTAI) stock is a Sell with a $0.62 price target. To see the full list of analyst forecasts on JetAI stock, see the JTAI Stock Forecast page.
On December 1, 2025, Jet.AI, Inc., a Delaware corporation, filed a registration statement with the U.S. Securities and Exchange Commission for a proposed public offering of its common stock but later decided not to proceed. The company withdrew the registration statement on December 30, 2025, citing changed circumstances, clarified that no securities had been sold and the filing was never declared effective, and indicated that it no longer intends to pursue the contemplated public offering, signaling a shift in its capital-raising or strategic plans.
The most recent analyst rating on (JTAI) stock is a Hold with a $0.82 price target. To see the full list of analyst forecasts on JetAI stock, see the JTAI Stock Forecast page.
Jet.AI Inc. held its 2025 Annual Meeting of Stockholders virtually via live audio webcast on December 19, 2025, with holders of its common stock and Series B convertible preferred stock representing 47.41% of eligible voting power constituting a quorum. At the meeting, shareholders elected two Class II directors, Wrendon Timothy and William Yankus, to terms running until the 2028 annual meeting, ratified Hacker Johnson & Smith PA as independent auditor for the fiscal year ending December 31, 2025, and approved an Incentive Plan Amendment effective December 19, 2025. Investors also backed the potential issuance of common shares tied to a warrant from the Hexstone transaction that could exceed 20% of outstanding shares, approved a Charter Amendment to be made effective upon filing in Delaware, and granted the board discretion to implement a reverse stock split at a ratio between 1-for-2 and 1-for-250, enhancing the company’s flexibility to manage its capital structure. Shareholders further authorized a possible adjournment of the meeting to secure additional votes if needed, though this authority was ultimately not used because all proposals received sufficient support.
The most recent analyst rating on (JTAI) stock is a Hold with a $0.82 price target. To see the full list of analyst forecasts on JetAI stock, see the JTAI Stock Forecast page.
Jet.AI Inc. entered into a letter agreement with Hexstone Capital, LLC and Ionic Ventures, LLC on December 2, 2025, which pertains to a prior Securities Purchase Agreement from March 28, 2024. The agreement includes Ionic’s consent to refrain from enforcing certain legal rights, in exchange for Jet.AI’s amendment to the conversion price of its Series B convertible preferred stock, allowing conversion at a lower price. This move could potentially impact the company’s financial operations and market positioning by making its stock more attractive to investors.
The most recent analyst rating on (JTAI) stock is a Sell with a $1.50 price target. To see the full list of analyst forecasts on JetAI stock, see the JTAI Stock Forecast page.