The earnings miss is severe but largely discounted given the company's transition to AI infrastructure. The stock is likely to trade on the merger vote (June 11) and data center milestones rather than current financials. Monitor for SEC filings related to the merger and any updates on the SpaceX investment.
Price Chart
Executive Summary
Jet.AI reported Q1 2026 revenue of $1.68M (beat consensus of $1.1M but down 51.6% YoY) and a massive EPS miss of -$6.68 vs -$2.00 estimate (234% below). Net loss narrowed to $2.68M from $3.17M YoY, and cash improved to $13.5M with no debt. The company highlighted progress on its merger with flyExclusive, a $5M SpaceX economic interest, and data center JV milestones, which overshadowed the weak operating results.
Key Financial Metrics
Key Facts
- Q1 2026 revenue of $1.68M, down 51.6% YoY from $3.47M.
- GAAP EPS of -$6.68 vs consensus -$2.00 (miss of 234%).
- Net loss improved to $2.68M from $3.17M YoY.
- Cash and cash equivalents of $13.5M, up from $1.8M at year-end 2025; no debt.
- Board authorized a $5M share repurchase program.
- Proposed merger with flyExclusive on track for shareholder vote on June 11, 2026.
- Acquired $5M economic interest in SpaceX (pre-IPO).
- Data center JV achieved third milestone (natural gas supply for 500MW campus).
- Investment in AIIA (SPAC) valued at $17.23M.
Financial Impact
Revenue of $1.68M (beat $1.1M consensus, but YoY decline of 51.6%). EPS -$6.68 (miss of 234%). Net cash burn from operations of $3.04M vs $2.18M in Q1 2025. Cash balance $13.5M.
Risk Factors
- Merger with flyExclusive may fail or be delayed.
- Data center JV may not secure tenant commitments.
- Dilutive financing still possible given cash burn.
- Current revenue decline reflects business transition risk.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3295820 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 21, 2026 13w ago | 8-K | $2.42 $1.68 | ▼ −30.58% | ▼ −33.48% | $1.01 (−58.26%) |
Jul 17, 2026 14w ago | 8-K | $2.29 $1.55 | ▼ −32.31% | ▼ −36.44% | $1.01 (−55.90%) |
Jul 6, 2026 16w ago | 8-K / 425 | $6.80 $20.36 | ▲ +199.38% | ▲ +198.53% | $1.01 (−85.15%) |
Jun 12, 2026 19w ago | 425 | $6.39 $33.12 | ▼ −418.32% | ▼ −418.32% | $1.01 (+84.19%) |
Jun 12, 2026 19w ago | 8-K | $6.39 $33.12 | ▼ −418.32% | ▼ −418.32% | $1.01 (+84.19%) |
May 21, 2026 22w ago | 8-K | $0.6703 $0.6665 | ▲ +0.57% | ▼ −0.80% | $1.01 (−50.68%) |
May 15, 2026 23w ago | Press Release | $0.6598 $0.6058 | ▼ −8.19% | ▼ −10.31% | $1.01 (+53.08%) |
May 4, 2026 25w ago | DEFM14A | $0.6807 $0.8106 | ▲ +19.08% | ▲ +13.29% | $1.01 (+48.38%) |
Apr 23, 2026 26w ago | 8-K | $0.7290 $0.6551 | ▼ −10.14% | ▼ −14.98% | $1.01 (+38.55%) |
Apr 20, 2026 27w ago | Press Release | $6.94 $6.54 | ▼ −5.76% | ▼ −9.97% | $1.01 (−85.45%) |
US Market Status
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