Jet.AI Inc. Reports Full Year 2025 Financial Results
LAS VEGAS, March 09, 2026 (GLOBE NEWSWIRE) -- Jet.AI Inc. (“Jet.AI” or the “Company”) (Nasdaq: JTAI), an emerging provider of high-performance GPU infrastructure and AI cloud services, today announced financial results for the full year ended December 31, 2025. The Company had approximately $13.7 million of cash and no debt as of March 5 th, 2026 (vs $1.8 million at year end 2025) and is Net Income positive for the full year 2025 ($4.6 million in 2025 vs -$12.7 million in 2024). In the first quarter of 2026, Jet.AI expects the completion of the third milestone of its Canadian data center joint venture - related to powered land at its 385 acre Manitoba site and continued progress in the Maritimes. The power study for our Moapa NV data center site is ongoing, and the flyExclusive transaction remains on track to close April 30 th. The Company maintains strong access to capital through its $250 million shelf facility
Recent Operational Highlights
Management Commentary
“Our focus in 2026 will center on accelerating the development of our AI data center portfolio. Over the past year, we strategically invested across three major projects, establishing a strong foundation to execute our transition into AI infrastructure and next-gen data center platforms as demand continues to rise. With a clean balance sheet and liquidity flexibility to deploy capital, we believe we are well positioned to advance our build out, expand our joint ventures, and pursue what we view as some of the most compelling return opportunities in AI computing.
To that end, we are pleased to announce the significant progress made on the third milestone of our Canadian hyperscale data center projects. Milestone 3 centers on validating energy access and grid feasibility, an essential step before commencing environmental permitting and detailed power-infrastructure planning needed to ultimately secure hyperscale tenants or project financing. We expect to complete Milestone 3 soon. Meanwhile, our 2026 efforts for the Moapa campus will center on detailed power studies and pre-construction planning.
With flyExclusive having filed its Form 10-K last Thursday, both parties remain confident in closing the transaction by April 30. While the process has taken longer than anticipated, we are encouraged to be approaching the final stage and believe completing this transaction will create a clearer, more focused path for Jet.AI’s future growth in the high demand AI compute sector.”
About Jet.AI
Jet.AI Inc. is a technology-driven company focused on deploying artificial intelligence tools and infrastructure to enhance decision-making, efficiency, and performance across complex systems. The Company is listed on the NASDAQ Capital Market under the ticker symbol “JTAI.”
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. The forward-looking statements are based on current expectations, estimates, forecasts, and projections about the industry in which we operate and management’s beliefs and assumptions. Forward-looking statements may be identified by the use of words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “outlook,” “projects,” “forecasts,” “aim” and similar expressions. Forward-looking statements are not guarantees of future performance, rely on a number of assumptions, and involve certain known and unknown risks and uncertainties that are difficult to predict, many of which are beyond our control. Any forward-looking statements contained herein are based on current expectations, but are subject to risks and uncertainties that could cause actual results to differ materially from those indicated, including, but not limited to, the effectiveness of the rights agreement in providing the Board with time to make informed decisions that are in the best long-term interests of Jet.AI and its stockholders, and other risk factors discussed from time to time in our filings. For more information on these risks, uncertainties and other factors, refer to our Annual Report on Form 10-K for the year ended December 31, 2025, under the heading “Risk Factors” in Item 1A. The forward-looking statements contained in this press release speak only as of the date of this press release. We undertake no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Jet.AI Investor Relations:
Gateway Group, Inc.
949-574-3860
Jet.AI@gateway-grp.com
JET.AI, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
JET.AI, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
JET.AI, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS