Jet AI (JTAI) Q2 2025 earnings summary

Executive summary

• Revenue for Q2 2025 was $2.2 million, down from $3.1 million year-over-year, mainly due to reduced aviation activity in anticipation of the aviation business sale and lower client flying, partially offset by higher Software App revenue.

• Operating loss for Q2 2025 improved to $2.5 million from $3.2 million year-over-year, reflecting lower gross loss and reduced operating expenses.

• Six-month revenue was $5.7 million, down from $6.9 million year-over-year, with declines in Software App, Cirrus Charter, and Jet Card revenue, partially offset by higher Management and Other Services revenue.

• The company is transitioning from aviation to a pure-play AI data center business, with significant progress on Canadian data center projects and a capital contribution to a SPAC targeting AI infrastructure.

Financial highlights

• Q2 2025 revenue: $2.2 million (vs. $3.1 million Q2 2024); six-month revenue: $5.7 million (vs. $6.9 million prior year period).

• Q2 2025 gross loss: $110,000 (improved from $417,000 loss Q2 2024); six-month gross loss: $226,000 (improved from $541,000 loss prior year period).

• Q2 2025 operating expenses: $2.4 million (down from $2.8 million Q2 2024); six-month operating expenses: $5.4 million (down from $5.8 million prior year period).

• Q2 2025 net loss: $2.4 million (vs. $3.2 million Q2 2024); six-month net loss: $5.6 million (vs. $6.4 million prior year period).

• Cash and cash equivalents as of June 30, 2025: $8.3 million.

Outlook and guidance

• The company is focused on executing five strategic milestones for its Canadian data center joint venture, with two major announcements expected soon regarding power and site progress.

• The sale of the aviation business to flyExclusive is expected to close by October 31, 2025.

• The capital contribution to AIIA Sponsor Ltd. is expected to strengthen book equity and reinforce the company's position in the AI data center sector.