JTAI on Nasdaq
Jet.AI Inc.
Jet.AI Inc. is an American air transportation company based in Las Vegas, listed on Nasdaq (JTAI).1
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Last updated Oct 20, 2026.
Overview
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- TickerJTAI on Nasdaq1
- IndustryAir Transportation, Nonscheduled1
- HeadquartersLas Vegas, Nevada1
- Incorporated inDE2
- Business address10845 Griffith Peak Dr.,, Suite 200, Las Vegas, Nv 891352
- Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company2
- Legal formCorporation
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AI data center services strategy may require significant time and expenditures to implement and our efforts may not be successful.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Software App and Cirrcus Charter brought in 52% of the revenue Jet.AI Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Software App and Cirrcus Charter | $8.1M | $4.8M |
| Management and Other Services | $3.6M | $3.3M |
| Jet Card and Fractional Programs | $2.3M | $1.1M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue66¢$9.5M
- Research and development2¢$244.2K
- Profit32¢$4.6M
Out of $9.2M in revenue.5
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenues | $9.2M | $14.0M |
| Cost of revenues | $9.5M | $15.0M |
| Gross loss | -$300.0K | -$964.6K |
| General and administrative (including stock-based compensation of $1,626,102 and $4,287,236, respectively) | $8.7M | $10.8M |
| Sales and marketing | $779.0K | $687.8K |
| Research and development | $244.2K | $162.2K |
| Total operating expenses | $9.8M | $11.6M |
| Operating loss | -$10.1M | -$12.6M |
| Interest expense | $167.1K | |
| Other income | -$182.2K | -$221 |
| Unrealized gain on other investments | -$14.5M | |
| Total other (income) expense | -$14.7M | $166.8K |
| Income (Loss) before provision for income taxes | $4.6M | -$12.7M |
| Net Income (Loss) | $4.6M | -$12.7M |
| Deemed dividend from warrant exchange offer | -$540.3K | |
| Cumulative preferred stock dividends | -$109.3K | |
| Net Income (Loss) to common stockholders | $4.6M | -$13.4M |
| Basic net income (loss) per share | $1.52 | -$47.93 |
| Diluted net income (loss) per share | $0.33 | -$47.93 |
| Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, basic | 3.0M shares | 279.2K shares |
| Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, diluted | 13.8M shares | 279.2K shares |
| Stock based compensation | $1.6M | $4.3M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $1.8M | $5.9M | |
| Accounts receivable | $97.3K | $132.2K | |
| Other assets | $248.7K | $357.8K | |
| Total current assets | $2.2M | $6.4M | |
| Property and equipment, net | $2.5K | $5.1K | |
| Intangible assets, net | $86.7K | $86.7K | |
| Right-of-use lease asset | $508.7K | $1.0M | |
| Investment in joint venture | $865.0K | $100.0K | |
| Deposit on aircraft | $4.0M | $2.4M | |
| Deposits and other assets | $868.6K | $794.6K | |
| Other investments | $17.1M | ||
| Total assets | $25.7M | $10.8M | |
| Accounts payable | $1.6M | $280.4K | |
| Accrued liabilities | $1.1M | $1.7M | |
| Deferred revenue | $443.1K | $1.3M | |
| Operating lease liability | $495.8K | $525.5K | |
| Total current liabilities | $3.7M | $3.8M | |
| Lease liability, net of current portion | $495.8K | ||
| Total liabilities | $3.7M | $4.3M | |
| Common stock, 200,000,000 shares authorized, par value $0.0001,6,282,645 and 1,629,861 issued and outstanding | $628 | $162 | |
| Subscription receivable | -$6.7K | -$6.7K | |
| Additional paid-in capital | $69.9M | $59.1M | |
| Accumulated deficit | -$48.0M | -$52.5M | |
| Total stockholders equity | $22.0M | $6.5M | -$3.9M |
| Total liabilities and stockholders equity | $25.7M | $10.8M | |
| Preferred stock, shares authorized | 4.0M shares | 4.0M shares | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, shares issued | 0 shares | 0 shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | |
| Common stock, shares authorized | 200.0M shares | 200.0M shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares issued | 6.3M shares | 1.6M shares | |
| Common stock, shares outstanding | 6.3M shares | 1.6M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $1.8M | $5.9M | |
| Accounts receivable | $97.3K | $132.2K | |
| Other assets | $248.7K | $357.8K | |
| Total current assets | $2.2M | $6.4M | |
| Property and equipment, net | $2.5K | $5.1K | |
| Intangible assets, net | $86.7K | $86.7K | |
| Right-of-use lease asset | $508.7K | $1.0M | |
| Investment in joint venture | $865.0K | $100.0K | |
| Deposit on aircraft | $4.0M | $2.4M | |
| Deposits and other assets | $868.6K | $794.6K | |
| Other investments | $17.1M | ||
| Total assets | $25.7M | $10.8M | |
| Accounts payable | $1.6M | $280.4K | |
| Accrued liabilities | $1.1M | $1.7M | |
| Deferred revenue | $443.1K | $1.3M | |
| Operating lease liability | $495.8K | $525.5K | |
| Total current liabilities | $3.7M | $3.8M | |
| Lease liability, net of current portion | $495.8K | ||
| Total liabilities | $3.7M | $4.3M | |
| Common stock, 200,000,000 shares authorized, par value $0.0001,6,282,645 and 1,629,861 issued and outstanding | $628 | $162 | |
| Subscription receivable | -$6.7K | -$6.7K | |
| Additional paid-in capital | $69.9M | $59.1M | |
| Accumulated deficit | -$48.0M | -$52.5M | |
| Total stockholders equity | $22.0M | $6.5M | -$3.9M |
| Total liabilities and stockholders equity | $25.7M | $10.8M | |
| Preferred stock, shares authorized | 4.0M shares | 4.0M shares | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, shares issued | 0 shares | 0 shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | |
| Common stock, shares authorized | 200.0M shares | 200.0M shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares issued | 6.3M shares | 1.6M shares | |
| Common stock, shares outstanding | 6.3M shares | 1.6M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income (loss) | $4.6M | -$12.7M |
| Unrealized gain on other investments | -$14.5M | |
| Amortization and depreciation | $2.5K | $2.6K |
| Amortization of debt discount | $80.8K | |
| Stock-based compensation | $1.6M | $4.3M |
| Non-cash operating lease costs | $539.6K | $524.1K |
| Accounts receivable | $34.9K | -$35.7K |
| Other current assets | $109.0K | -$167.7K |
| Accounts payable | $1.3M | $740.4K |
| Accrued liabilities | -$514.6K | $46.2K |
| Deferred revenue | -$876.6K | -$460.0K |
| Operating lease liability | -$525.5K | -$510.0K |
| Deposits and other assets | -$74.0K | |
| Net cash used in operating activities | -$8.2M | -$8.2M |
| Purchase of property and equipment | -$12.9K | |
| Investment in Sponsor Equity Interest | -$2.7M | |
| Investment in joint venture | -$765.0K | -$2.4M |
| Deposit on aircraft | -$1.6M | |
| Return of aircraft deposit | $3.5K | |
| Net cash used in investing activities | -$5.1M | -$2.4M |
| Repayments of notes payable | -$371.2K | |
| Repayments of related party notes payable | -$297.5K | |
| Redemption of Series A and Series A-1 Preferred Stock | -$1.2M | |
| Offering costs | -$2.5M | -$1.9M |
| Proceeds from exercise of common stock warrants | $742.5K | |
| Proceeds from exercise of Series B Convertible Preferred Stock warrants | $11.0M | $4.0M |
| Proceeds from sale of Series B Preferred Stock | $1.5M | |
| Proceeds from sale of Common Stock | $713.4K | $11.9M |
| Net cash provided by financing activities | $9.2M | $14.4M |
| (Decrease) Increase in cash and cash equivalents | -$4.1M | $3.8M |
| Cash paid for interest | $167.1K | |
| Issuance of Common Stock for Series A Preferred Stock conversion | $551.0K | |
| Issuance of Common Stock for Series B Preferred Stock conversion | $373 | $29 |
| Issuance of Common Stock from warrant exchange | $540.3K | |
| Issuance of Common Stock for offering costs | $175.5K | |
| Issuance of Common Stock for settlement of accounts payable | $2.1M | |
| Decrease in prepaid offering costs and accrued liabilities from issuance of common stock | $800.0K |
No quarter-by-quarter statement was filed.
Corporate structure
Jet.AI Inc. sits at the top of its group. 8 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Jet.AI Inc.
- Hexstone Capital LLC Filed SCHEDULE 13G on Jet.AI Inc., latest Jul 9, 2026 (5 filings since Aug 20, 2025)
- Ionic Ventures, LLC Filed SCHEDULE 13G/A on Jet.AI Inc., latest May 8, 2026 (6 filings since Feb 21, 2025)
- Vladimir Anatolevich Semenikhin Filed SCHEDULE 13D/A on Jet.AI Inc., latest Mar 16, 2026 (5 filings since Feb 5, 2026)
- Iroquois Capital Management, LLC Filed SCHEDULE 13G/A on Jet.AI Inc., latest Feb 14, 2025 (2 filings since Oct 15, 2024)
- SEG Opportunity Fund, LLC Filed SCHEDULE 13G/A on Jet.AI Inc., latest Feb 13, 2025 (2 filings since Oct 22, 2024)
- Ionic Capital Management LLC Filed SCHEDULE 13G/A on Jet.AI Inc., latest Jan 13, 2025 (2 filings since Feb 14, 2024)
- Masaya Otsuka Filed SC 13G/A on Jet.AI Inc., latest Oct 22, 2024 (2 filings since Oct 15, 2024)
- Owl Creek Asset Management, L.P. Filed SC 13G/A on Jet.AI Inc., latest Feb 5, 2024 (2 filings since Feb 9, 2023)
- MMCAP International Inc. SPC Filed SC 13G/A on Jet.AI Inc., latest Feb 14, 2023 (2 filings since Feb 7, 2022)
- PERISCOPE CAPITAL INC. Filed SC 13G/A on Jet.AI Inc., latest Feb 13, 2023 (2 filings since Feb 14, 2022)
- Polar Asset Management Partners Inc. Filed SC 13G/A on Jet.AI Inc., latest Feb 13, 2023 (2 filings since Feb 10, 2022)
- Hudson Bay Capital Management LP Filed SC 13G/A on Jet.AI Inc., latest Feb 10, 2023 (2 filings since Feb 3, 2022)
- Jet.AI Inc. Las Vegas, Nevada
- 380 Software LLC Subsidiary · Nevada, United States
- Galilee 1 SPV LLC Subsidiary · Delaware, United States
- Galilee LLC Subsidiary · Delaware, United States
- Jet Token Management Inc. Subsidiary · California, United States
- Jet Token Software Inc. Subsidiary · Delaware, United States
- Jet.AI SpinCo, Inc. Subsidiary · Delaware, United States
- Summerlin Aviation LLC Subsidiary · Delaware, United States
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Jet.AI Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, net | $2.5K5 Dec 31, 2025 | $5.1K5 Dec 31, 2024 | −50.4% |
| Operating-lease assets (leased space) | $508.7K5 Dec 31, 2025 | $1.0M5 Dec 31, 2024 | −51.5% |
Investments
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Intangible assets, net (excluding goodwill) | $86.7K5 Dec 31, 2025 | $86.7K5 Dec 31, 2024 | 0% |
Properties, in its own words
We lease space for our corporate headquarters in Las Vegas, Nevada, consisting of office space and the use of shared conference facilities. We believe this leased office is in satisfactory condition and is suitable for the conduct of our business.
Item 2 of the 10-K filed Mar 6, 2026.4
Leadership
Who has led Jet.AI Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
- Chief executive officerMichael D. Winston Aug 21, 2023 to now11
- Chief executive officerSanjay Madhu Aug 11, 2021 to Aug 11, 202112
- ChairMichael D. Winston Aug 21, 2023 to now11
- ChairSanjay Madhu Aug 11, 2021 to Aug 11, 202112
- PresidentSanjay Madhu Aug 11, 2021 to Aug 11, 202112
- Chief financial officerGeorge Murnane Iii. Aug 21, 2023 to now13
- Chief financial officerWrendon Timothy Aug 11, 2021 to Aug 11, 202114
- Chief operating officerPatrick McNulty Aug 21, 2023 to now15
Board members and other officers (9)
- Board memberPatrick McNulty Dec 12, 2025 to now16
- Board memberEhud Talmor Aug 21, 2023 to Aug 23, 202317
- Board memberGeorge Murnane Iii. Aug 21, 2023 to now13
- Board memberRan David Aug 21, 2023 to Aug 23, 202318
- Board memberDonald Jeffrey Woods Aug 24, 2023 to Aug 24, 202319
- Board memberAllan S. Martin Aug 11, 2021 to Aug 11, 202120
- Board memberJason Tk Butcher Aug 11, 2021 to Aug 11, 202121
- Board memberWilliam L. Yankus Aug 11, 2021 to Aug 11, 202122
- Board memberWrendon Timothy Aug 11, 2021 to Aug 11, 202114
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- 380 Software LLC Nevada3
- Galilee 1 SPV LLC Delaware3
- Galilee LLC Delaware3
- Jet Token Management Inc. California3
- Jet Token Software Inc. Delaware3
- Jet.AI SpinCo, Inc. Delaware3
- Summerlin Aviation LLC Delaware3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- Oxbridge Acquisition Corp.May 18, 2021 to Aug 11, 20232
Timeline
- Aug 3, 20268-K Other events23
- Jul 21, 20268-K Executive or director change24
- Jul 17, 20268-K Entered a material agreement; Completed an acquisition or sale; Other events25
- Jul 6, 20268-K Shareholder vote; Other events26
- Jun 24, 20268-K Other events27
- Jun 12, 20268-K Other events28
- May 21, 20268-K Results of operations; Executive or director change29
- Apr 23, 20268-K Other events30
- Apr 10, 20268-K Entered a material agreement; Completed an acquisition or sale; Change to shareholders' rights31
- Mar 18, 20268-K Other events32
- Mar 13, 20268-K Results of operations33
- Feb 13, 20268-K Entered a material agreement; Change to shareholders' rights; Bylaws or fiscal year changed34
- Aug 21, 2023New chief executive Michael D. Winston becomes CEO11
- Aug 11, 2021New chief executive Sanjay Madhu becomes CEO12
Calendar
Coming up
- Nov 13, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($99.99) a share, on Nov 14, 2025.35
When it reported results
- May 21, 2026Reported quarterly or annual results29
- Mar 13, 2026Reported quarterly or annual results33
- Nov 19, 2024Reported quarterly or annual results36
- Nov 21, 2023Reported quarterly or annual results37
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
317 filings to the SEC since October 2021: 8 annual reports, 16 quarterly reports, 72 major events, 21 insider forms, 36 large holders, 1 private raises, 163 other. The latest 20:
- Aug 14, 202610-Q EDGAR
- Aug 3, 20268-K EDGAR
- Jul 21, 20268-K EDGAR
- Jul 17, 20268-K EDGAR
- Jul 9, 2026SCHEDULE 13G EDGAR
- Jul 6, 20268-K EDGAR
- Jul 6, 2026425 EDGAR
- Jun 24, 2026425 EDGAR
- Jun 24, 20268-K EDGAR
- Jun 12, 2026425 EDGAR
- Jun 12, 20268-K EDGAR
- May 21, 20268-K EDGAR
- May 14, 202610-Q EDGAR
- May 8, 2026SCHEDULE 13G/A EDGAR
- May 8, 2026SCHEDULE 13G/A EDGAR
- May 4, 2026DEFM14A EDGAR
- Apr 23, 20268-K EDGAR
- Apr 10, 20268-K EDGAR
- Mar 18, 20268-K EDGAR
- Mar 16, 2026SCHEDULE 13D/A EDGAR
The 317 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
4 open-market trades by officers, directors and large owners since October 2021: 3 buys and 1 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jul 25, 2024 | MCNULTY PATRICKChief Operating Officer | Buy | 7 | Form 4 | ||
| Jul 25, 2024 | MURNANE GEORGE IIIInterim CFO | Buy | 7 | Form 4 | ||
| Jul 25, 2024 | WINSTON MICHAEL D.Exec. Chairman; Interim CEO | Buy | 4,130,503 | Form 4 | ||
| Jul 27, 2023 | Owl Creek Asset Management, L.P.10% owner | Sale | 101,000 | $11.15 | $1.1M | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Hexstone Capital LLCSCHEDULE 13G, 5 filings Aug 20, 2025 to Jul 9, 202638
- Ionic Ventures, LLCSCHEDULE 13G/A, 6 filings Feb 21, 2025 to May 8, 202639
- Vladimir Anatolevich SemenikhinSCHEDULE 13D/A, 5 filings Feb 5, 2026 to Mar 16, 202640
- Iroquois Capital Management, LLCSCHEDULE 13G/A, 2 filings Oct 15, 2024 to Feb 14, 202541
- SEG Opportunity Fund, LLCSCHEDULE 13G/A, 2 filings Oct 22, 2024 to Feb 13, 202542
- Ionic Capital Management LLCSCHEDULE 13G/A, 2 filings Feb 14, 2024 to Jan 13, 202543
- Masaya OtsukaSC 13G/A, 2 filings Oct 15, 2024 to Oct 22, 202444
- Owl Creek Asset Management, L.P.SC 13G/A, 2 filings Feb 9, 2023 to Feb 5, 202445
- MMCAP International Inc. SPCSC 13G/A, 2 filings Feb 7, 2022 to Feb 14, 202346
- PERISCOPE CAPITAL INC.SC 13G/A, 2 filings Feb 14, 2022 to Feb 13, 202347
- Polar Asset Management Partners Inc.SC 13G/A, 2 filings Feb 10, 2022 to Feb 13, 202348
- Hudson Bay Capital Management LPSC 13G/A, 2 filings Feb 3, 2022 to Feb 10, 202349
- Weiss Asset Management LPSC 13G/A, 2 filings Jan 28, 2022 to Feb 6, 202350
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2024 | Michael D. Winston | $357.6K | $537.0K51 | |
| 2024 | George Murnane | 67 | $232.2K | $395.1K51 |
| 2024 | Patrick McNulty | $185.8K | $286.1K51 | |
| 2023 | Interim Chief Financial Officer and President | $234.6K | $758.1K51 | |
| 2023 | Chief Operating Officer | $172.9K | $437.0K51 | |
| 2023 | FounderExecutive Chairman, and Interim Chief Executive Officer; Treasurer | $281.6K | $434.4K51 |
Money raised
Private offerings the company reported to the SEC on Form D.
- Mar 28, 2024Raised $1.5 million in a private offering of equity Form D: 1 investor so far Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Jane Street Group, LLC | 19,941 | $162.3K | 0.0% | New |
| Geode Capital Management, LLC | 11,049 | $89.9K | 0.0% | New |
| Vanguard Fiduciary Trust Co | 7,955 | $64.8K | 0.0% | New |
| Vanguard Capital Management LLC | 700 | $5.7K | 0.0% | New |
| Tower Research Capital LLC (TRC) | 537 | $4.4K | 0.0% | New |
| Barclays PLC | 284 | $2.3K | 0.0% | New |
| Strategic Wealth Partners, Ltd. | 129 | $1.1K | 0.0% | New |
| SBI Securities Co., Ltd. | 125 | $1.0K | 0.0% | −41 |
| MMCAP International Inc. SPC | 6 | $49 | 0.0% | New |
| Danske Bank A/s | 1 | $8 | 0.0% | New |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Jet.AI Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARJet.AI Inc.1
- CIK0001861622
- Employer ID (EIN)93-29717414
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company4
- Incorporated inDelaware4
- Fiscal year endsDecember 311
- Industry code (SIC)4522 Air Transportation, Nonscheduled1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business address10845 Griffith Peak Dr.,, Suite 200, Las Vegas, NV 891351
- Phone702-747-40001
- Shares outstanding3,557,521 as of Aug 11, 20269
- Public float$11.9M as of Jun 30, 20254
- AuditorHACKER, JOHNSON & SMITH PA, Tampa, Florida PCAOB ID 400; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceMay 18, 20211
- Filings340 in all: 8-K (73), CORRESP (31), UPLOAD (29), 10-Q (16), 425 (15), 4 (14), 3 (13), SCHEDULE 13G/A (11)1
All 46 form types
EFFECT (10), S-1/A (10), SC 13G (10), SC 13G/A (9), 424B3 (7), S-4/A (7), 424B5 (6), 10-K (5), PRER14A (5), S-1 (5), S-3 (5), S-3/A (5), DEF 14A (4), DRS (4), PRE 14A (4), SCHEDULE 13D/A (4), 10-K/A (3), DEFA14A (3), SC TO-I/A (3), SCHEDULE 13G (3), 25-NSE (2), 8-A12B (2), 8-K/A (2), DEL AM (2), NT 10-Q (2), RW (2), S-4 (2), SEC STAFF LETTER (2), 10-Q/A (1), 424B4 (1), CERT (1), D (1), DEFM14A (1), DRSLTR (1), S-3MEF (1), S-8 (1), SC TO-I (1), SCHEDULE 13D (1)
- Latest filingsAnnual report (10-K) Mar 6, 2026
Quarterly report (10-Q) Aug 14, 2026
Proxy statement (DEF 14A) Nov 25, 2025
Latest 8-K (8-K) Aug 3, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common stock, par value $0.0001 per share | JTAI | The Nasdaq Stock Market LLC |
From the cover page of the 10-K filed Mar 6, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks Jet.AI Inc. names in Item 1A of its 10-K filed Mar 6, 2026: 54 risks under these headings, as written.4
- Risks Related to Our Business
- We may not have sufficient funds to sustain our business until (if ever) we become profitable (if ever) and may not be able to obtain additional capital when desired, on favorable terms or at all. If we are unsuccessful in securing additional sources of capital, we may not be able to continue as a going concern.
- We are an early-stage company with a limited operating history.
- We may not be able to successfully implement our growth strategies.
- Our operating results have been, and are expected to continue to be, difficult to continue to predict based on a number of factors that also will affect our long-term performance.
- Our business is primarily focused on certain targeted geographic regions, making it vulnerable to risks associated with having geographically concentrated operations.
- Our business and reputation rely on, and will continue to rely on, third parties.
- We rely on third-party Internet, mobile, and other products and services to deliver our mobile and web applications and flight management system offerings to customers, and any disruption of, or interference with, our use of those services could adversely affect our business, financial condition, results of operations, and customers.
- We rely on third parties maintaining open marketplaces to distribute our mobile and web applications.
- We may be unable to adequately protect our intellectual property interests or may be found infringing on the intellectual property interests of others.
- A delay or failure to identify and devise, invest in and implement certain important technology, business, and other initiatives could have a material impact on our business, financial condition and results of operations.
- We are dependent on our information systems which may be vulnerable to cyber-attacks or other events.
The other 43 risks
- Because our software could be used to collect and store personal information, privacy concerns in the jurisdictions in which we operate could result in additional costs and liabilities to us or inhibit sales of our software.
- Changes to applicable tax laws and regulations or exposure to additional income tax liabilities could affect our business and future profitability.
- In the event that our business expands domestically or internationally, including to jurisdictions in which tax laws may not be favorable, our obligations may change or fluctuate, become significantly more complex or become subject to greater risk of examination by taxing authorities, any of which could adversely affect our after-tax profitability and financial results.
- Our ability to utilize net operating loss and tax credit carryforwards to offset future taxable income may be subject to certain limitations.
- Our primary assets include our direct and indirect interests in our subsidiaries and, accordingly, we are dependent upon distributions from our subsidiaries to pay taxes and cover our corporate and other overhead expenses.
- We have made a significant investment in the sponsor of a blank check company commonly referred to as a special purpose acquisition company (“SPAC”) and will suffer the loss of all of our investment if the SPAC does not complete an initial business combination by April 6, 2027.
- Our use of fair value accounting of our indirect investment in AI Acquisition could result in income statement volatility, which in turn, could cause significant market price and trading volume fluctuations for our common stock.
- Our failure to attract and retain highly qualified personnel in the future could harm our business.
- Risks Related to Our Legacy Charter Business Operating Environment
- Demand for our aviation services may decline due to factors beyond our control.
- We face a high level of competition with numerous market participants with greater financial resources and operating experience.
- The operation of aircraft is subject to various risks, and failure to maintain an acceptable safety record may have an adverse impact on our ability to obtain and retain customers.
- If efforts to continue to build a strong brand identity and improve member satisfaction and loyalty are not successful, we may not be able to attract or retain members, and our operating results may be adversely affected.
- Any failure to offer high-quality customer support may harm our relationships with our customers and could adversely affect our reputation, brand, business, financial condition and results of operations.
- Changes in laws or regulations affecting the aviation industry, or a failure to comply with any such laws or regulations, may adversely affect our business, investments and results of operations.
- Risks Related to the flyExclusive Transactions and Us after the Closing of the Transactions
- The proposed Transactions with flyExclusive may not be completed on the terms or timeline currently contemplated, or at all.
- In the proposed Transactions with flyExclusive, we will divest substantially all of our fractional and jet card business and related assets, together with associated working capital and thereafter adopt a business strategy that focuses on expanding our AI data-center operations. Any or all of these decisions if incorrect may have a material adverse effect on the results of our operations, financial position and cash flows, and pose further risks to the successful operation of our business over the short and long-term.
- The AI data center sector in which we expect to primarily focus after the Transactions is subject to significant risks, including rapid growth and volatility, capital requirements, dependence on rapidly changing underling technologies, market and political risks and uncertainties and extreme competition. We cannot guarantee that we will be able to anticipate or overcome any or all of these risks and uncertainties, especially as a small company operating in an environment that includes many large, well-capitalized competitors with substantially more resources.
- We may not achieve some or all of the expected benefits of the Transactions, and the Transactions may adversely impact our business.
- Particularly after the Transactions, our success will be dependent on our ability to successfully develop (or acquire interests in) new services, platforms and solutions that utilize AI and enhance or complement our existing services, platforms and solutions, and market acceptance of these offerings.
- The Transactions could give rise to disputes or other unfavorable effects, which could materially and adversely affect our business, financial position or results of operations.
- Risks Related to Our Anticipated Data Center Operations
- Our focus on the development of data centers, and provision of AI data center services represents an evolving business model and strategy.
- Our AI data center services strategy may take significant time and expenditure to implement, and our efforts may not be successful
- In the AI and data center sector our business model is expected to rely significantly on other companies to enter into joint ventures with us for data center projects. Therefore, our results are subject to the additional risks associated with the financial condition, operational expertise and priorities of our joint venture partners.
- Our increased focus on the AI data center market may not be successful and may result in adverse consequences to our business, results of operations and financial condition.
- Expansion of our business strategy into the AI data center market could increase competitive, operational, legal and regulatory risks to our business in ways we cannot predict.
- Changing political and geopolitical conditions, including changing international trade policies and the implementation of wide-ranging, reciprocal and retaliatory tariffs, surtaxes and other similar import or export duties, or trade restrictions, could adversely impact our business, prospects, operations and financial performance, specifically as it relates to the development and provision of AI data center services.
- Our anticipated data center business is expected to have significant customer concentration.
- We may be unable to raise additional capital needed to fulfill our capital or liquidity needs or grow our business and achieve the expansion plans we have for the development and provision of AI data center services.
- We expect to continue to incur substantial capital expenditures to grow our AI data center services business.
- Supply chain and logistics issues for us, our contractors or our suppliers may frustrate or delay our expansion plans into the AI data center services market or increase the cost of constructing our infrastructure.
- Any electricity outage, non-supply or limitation of electricity supply, including as a result of political pressures or regulations, or increase in electricity costs may result in material impacts to our AI data center services operations and financial performance.
- We may be affected by price fluctuations in the wholesale and retail power markets.
- Any delays or unexpected costs in the development of any new properties acquired for development may delay and harm our growth prospects, future operating results and financial condition.
- Government regulators and utilities may potentially restrict the ability of electricity suppliers to provide electricity to AI data centers or AI services generally.
- We may fail to anticipate or adapt to technology innovations in a timely manner, or at all.
- Risks Related to Ownership of our Common Stock
- We have never paid cash dividends on our common stock, and we do not anticipate paying dividends in the foreseeable future.
- Anti-takeover provisions contained in our governing documents and applicable laws could impair a takeover attempt.
- Our stock price may be volatile, and you may not be able to sell shares of our common stock at or above the price at which you purchased such shares.
- If we fail to comply with the continued listing requirements of Nasdaq, we would face possible delisting, which would result in a limited public market for our shares, limit our ability to access existing liquidity facilities and make obtaining future financing more difficult for us.
- Stockholders may experience dilution of their ownership interest due to the issuance of shares of our common stock.
- Sales of shares of our common stock, or the perception of such sales, by us or our significant stockholders in the public market or otherwise could cause the market price for shares of our common stock to decline.
- Stockholder activism could disrupt our business and harm our stock price.
Legal proceedings
The Company is not party to any material legal proceedings, although from time to time it may become involved in ordinary routine litigation incidental to its business. There were no such proceedings pending during the period covered by this Report.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARJet.AI Inc. filings on SEC EDGAR
- 2SEC EDGARJet.AI Inc. filings on SEC EDGAR
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- 5SEC EDGARJet.AI Inc. 10-K for fiscal 2025
- 6SEC EDGARJet.AI Inc. 10-K for fiscal 2022
- 7SEC EDGARJet.AI Inc. 10-K for fiscal 2023
- 8SEC EDGARJet.AI Inc. 10-Q for fiscal 2026
- 9SEC EDGARJet.AI Inc. 10-Q for fiscal 2026
- 10SEC EDGARJet.AI Inc. 10-K for fiscal 2021
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- 16SEC EDGARPatrick McNulty, Board member
- 17SEC EDGAREhud Talmor, Board member
- 18SEC EDGARRan David, Board member
- 19SEC EDGARDonald Jeffrey Woods, Board member
- 20SEC EDGARAllan S. Martin, Board member
- 21SEC EDGARJason Tk Butcher, Board member
- 22SEC EDGARWilliam L. Yankus, Board member
- 23SEC EDGAROther events
- 24SEC EDGARExecutive or director change
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- 26SEC EDGARShareholder vote; Other events
- 27SEC EDGAROther events
- 28SEC EDGAROther events
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- 30SEC EDGAROther events
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- 32SEC EDGAROther events
- 33SEC EDGARResults of operations
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- 35NasdaqNasdaq calendar
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