0001493152-26-023101
SEC filingRevenue was $1.7M (-51.6%) Gross Profit was -$234.2K (-102.8%) Operating Income was -$2.9M (9.6%) Net Income was -$2.7M (15.4%)
Jet.AI Inc. (JTAI) navigated a pivotal transition in Q1 FY2026, with revenue falling 51.6% to $1.7 million from $3.5 million in the prior-year quarter. This decline stemmed from a strategic aviation asset wind-down, particularly reduced flights for jet card customers, as the Company repositions its operations. The period-end date of March 31, 2026, captured this shift, which management notes is expected to materially alter revenue composition, cost structure, and operating profile in future periods.
Despite revenue headwinds, operating income improved 9.6% to -$2.9 million from -$3.2 million, with the operating margin at -170.4%. This reflects G&A expense discipline that partially offset the gross margin erosion. Net income followed suit, narrowing 15.4% to -$2.7 million, though diluted EPS weakened to -$6.68 from -$1.85 due to increased share count. These dynamics highlight operational adjustments amid the transition.