Company Analysis

Jet.AI Inc. (JTAI)

Nasdaq: JTAI · Air Transportation, Nonscheduled · Las Vegas, NV · filing with the SEC since 2021
Grade3.5
◀ Past 1.8● Present 3.3▶ Future 5.3
2 est.

The grade of Jet.AI Inc.

Nine metrics read from its own filings, by tense
Headline grade
3.5/10
◀ Past1.830% of the headline
● Present3.340% of the headline
▶ Future5.330% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

1.8/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
2.5/10

Has it survived what it has been through?

9 warning events since 2021; the latest 2026-02-12.

weight 33% of this tense · 25th percentile among 12 sector filers · read for itself

From the record

Jet.AI Inc.'s filings since 2021 show 9 warning events of 3 kinds: a notice about its exchange listing (8-K item 3.01, 6 times, the latest 2026-02-12); a warning not to rely on past financial statements (8-K item 4.02, the latest 2023-02-15); a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2023-11-14) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
2.0/10

What has it actually done, year after year?

-25.1% a year over 4 filed years; profitable in 1 of 4.

weight 45% of this tense · 20th percentile among 12 sector filers · read for its customers

From the record

Jet.AI Inc.'s 4 filed years say what it did: revenue went from $22 million in fiscal 2022 to $9 million in fiscal 2025, down 25.1% a year; it rose in 1 of 3 years; the deepest fall was 58% from fiscal 2022 to fiscal 2025; net income was positive in 1 of 4 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-25.1%bottom 4% of its family
  • the share of years revenue rosebottom 13% of its family
  • the share of filed years with a profitbottom 33% of its family
  • the deepest fall from a revenue peak58.0%bottom 29% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
0.4/10

How has it treated the people who own it?

SI estimate 0.4/10, confidence 35 of 100 (one part).

weight 22% of this tense · 4th percentile among 12 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 4% of 12 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 12 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Jet.AI Inc.'s shareholder treatment is put at 0.4 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 4% of 12 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

3.3/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
4.0/10

Is it financially healthy right now?

ROE 21%: 21¢ of profit per shareholder dollar. Leverage 14%: owes 14¢ per asset dollar.

weight 33% of this tense · 40th percentile among 12 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Jet.AI Inc. earned about 21 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned less than nothing, about minus 1 cents per dollar of everything the company owns. Leverage: it owed about 14 cents per dollar of assets, and net share issuance: its share count grew 4830.7% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 4% of its family
  • return on equitytop 50% of its family
  • gross profit against assetsbottom 10% of its family
  • the share count against the year beforebottom 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.5/10

How strong is its position in its industry?

bottom 35% of 12 in its family; net margin 50%.

weight 45% of this tense · 35th percentile among 12 sector filers · read for its customers

From the record

Jet.AI Inc.'s standing among 12 graded names in its industry family: revenue of $9 million in fiscal 2025 ranks in the bottom 6% by size; a net margin of 50% ranks in the top 4%; revenue growth of -25.1% a year over the last 3 filed years ranks in the bottom 4% (its annual reports).

What it rests on

  • revenue against the family$9.2Mbottom 6% of its family
  • net margin50.0%top 4% of its family
  • three-year revenue growth-25.1%bottom 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
1.9/10

What are the people in charge doing?

SI estimate 1.9/10, confidence 35 of 100 (one part).

weight 22% of this tense · 19th percentile among 8 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the bottom 19% of 8 in its family; the record of its people begins on 2023-08-10 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 3.3 years and cannot see past it; a floor under five years is not read as years in charge.
What the record cannot read
The record of its people begins on 2023-08-10 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 3.3 years and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
one part: officer and director changes on Form 8-K, against the people in charge, the one part on file, ranked among 8 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Jet.AI Inc.'s leadership is put at 1.9 of 10 with a confidence of 35 of 100, because read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the bottom 19% of 8 in its family; the record of its people begins on 2023-08-10 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 3.3 years and cannot see past it; a floor under five years is not read as years in charge. A filing that carries the missing parts replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.3/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
2.9/10

How much room does it have to grow?

bottom 29% of 11 in its family for room to expand.

weight 22% of this tense · 29th percentile among 11 sector filers · read for itself

From the record

Jet.AI Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $2 million against no long-term debt tagged leaves 7.1% of its assets as net cash, top 23% of its family; cash from operations less capital spending is -89.6% of revenue (bottom 4%); a gross margin of -3.3% (bottom 10%); research spending of 2.7% of revenue (bottom 25%) (its annual report).

What it rests on

  • cash less debt against assets7.1%top 23% of its family
  • cash from operations less capital spending against revenue-89.6%bottom 4% of its family
  • gross margin-3.3%bottom 10% of its family
  • research spending against revenue2.7%bottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.3/10

What could actually drive growth from here?

top 47% of 12 in its family for growth drivers.

weight 45% of this tense · 53rd percentile among 12 sector filers · read for its customers

From the record

Jet.AI Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -25.1% a year over the last three filed years against -25.1% over all 4, speeding up (bottom 46% of its family); the newest year grew -34.6% (bottom 4%); research spending grew 21.2% a year (top 25%); capital spending grew 197.1% a year (top 15%) (its annual reports). Jet.AI Inc. reported 3 product lines in fiscal 2025: Software App and Cirrcus Charter at $5 million (52%), Management and Other Services at $3 million (36%), Jet Card and Fractional Programs at $1 million (12%); 0 of 3 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+0.0 points a yearbottom 46% of its family
  • the newest year's revenue growth-34.6%bottom 4% of its family
  • three-year growth of research spending21.2%top 25% of its family
  • three-year growth of capital spending197.1%top 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.8/10

Did its newest year beat what its own record pointed to?

top 32% of 11 in its family for expectations against reality.

weight 33% of this tense · 68th percentile among 11 sector filers · read for its shareholders

From the record

Jet.AI Inc.'s newest year against its own record: revenue of $9 million in fiscal 2025 came in 18.3% below the $11 million its prior three years' pace pointed to (bottom 32% of its family); net income of $5 million against a prior three-year average of $11 million (top 14%); a net margin of 50% against -76.5% before (top 14%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-18.3%bottom 32% of its family
  • net income against the prior three years' average+142%top 14% of its family
  • net margin against its prior averageup more than 100 pointstop 14% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton JTAI · research, not advice