Filing Flows › Jet.AI (JTAI) › Q1 2025
Jet.AI (JTAI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Jet.AI (JTAI) reported revenue of $3.5M for the first quarter 2025 (Q1 2025), -10% from a year earlier and +10% from the quarter before. Operating margin was -91.3%, net loss $3.2M (91.2% of revenue).
Jet.AI, Q1 2025: revenue $3.5M (-10% year over year), operating margin -91.3%, net loss $3.2M, operating cash flow −$2.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.5M | +10% | -10% |
| Operating profit | −$3.2M | — | — |
| Net earnings | −$3.2M | — | — |
| Operating cash flow | −$2.2M | — | — |
What changed
Revenue was $3.5M in Q1 2025, down 10% year over year and up 10% from the previous quarter. Software App and Cirrcus Charter was the largest line at 53% of revenue. Software App and Cirrcus Charter lost $521K year over year (down 22%), 139% of the total change.
Operating costs exceeded revenue by $3.2M, an operating margin of -91.3%. Total costs fell 5% while revenue fell 10%. The fastest-growing cost line was Research & development (+235%). The quarter ended with a net loss of $3.2M, narrower than the previous quarter's $3.4M loss.
Operating cash flow was −$2.2M. Non-cash charges added back $1K of depreciation and amortization and $168K of share-based compensation. Working capital and other items added $820K.
Questions
What was Jet.AI's revenue in the first quarter 2025?
Jet.AI (JTAI) reported revenue of $3.5M for the first quarter 2025 (Q1 2025), -10% from a year earlier and +10% from the quarter before.
Was Jet.AI profitable in the first quarter 2025?
Operating loss was $3.2M (-91.3% of revenue) and net loss $3.2M.
Source: Jet.AI 10-Q on SEC EDGAR.