Jet.AI Q3 revenue falls 56%, operating loss narrows

Jet.Ai

14/11/2025 21:42

Overview

Jet.AI Q3 revenue declines to $1.7 mln from $3.9 mln last year

Company reports operating loss of $2 mln, an improvement from $2.9 mln last year

Jet.AI progresses on Canadian Hyperscale Data Center Project, completing second milestone

Outlook

Jet.AI prioritizes completing third milestone of Canadian data center project

Company aims to close flyExclusive merger by year-end

Discussions with natural gas supplier ongoing for Canadian data center project

Result Drivers

REVENUE DECLINE - Revenue decreased due to reduction in Cirrus Charter and Jet Card revenue due to planned sale of fractional and jet card business to flyExclusive

OPERATING LOSS - Narrowed due to general and administrative expenses falling to $1.41 mln from $2.75 mln last year

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$1.71 mln
$2.10 mln (1 Analyst)
Q3 Operating Expenses
$1.75 mln
Q3 Operating Income
-$2.04 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Jet.AI Inc is $11.00, about 82% above its November 13 closing price of $1.98

Press Release: ID:nGNX6y4Sjj

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)