Filing Flows › Jet.AI (JTAI) › Q4 2024
Jet.AI (JTAI) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 26, 2025
Jet.AI (JTAI) reported revenue of $3.2M for the fourth quarter 2024 (Q4 2024), -24% from a year earlier and -19% from the quarter before. Operating margin was -104.5%, net loss $3.4M (107.2% of revenue).
Jet.AI, Q4 2024: revenue $3.2M (-24% year over year), operating margin -104.5%, net loss $3.4M, operating cash flow −$3.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.2M | -19% | -24% |
| Operating profit | −$3.3M | — | — |
| Net earnings | −$3.4M | — | — |
| Operating cash flow | −$3.4M | — | — |
What changed
Revenue was $3.2M in Q4 2024, down 24% year over year and down 19% from the previous quarter. Software App and Cirrcus Charter was the largest line at 55% of revenue.
Operating costs exceeded revenue by $3.3M, an operating margin of -104.5%. Total costs fell 11% while revenue fell 24%. The fastest-growing cost line was Research & development (+15%). The quarter ended with a net loss of $3.4M, wider than the previous quarter's $2.9M loss.
Operating cash flow was −$3.4M. Non-cash charges added back $1K of depreciation and amortization and $573K of share-based compensation. Working capital and other items used $557K.
Questions
What was Jet.AI's revenue in the fourth quarter 2024?
Jet.AI (JTAI) reported revenue of $3.2M for the fourth quarter 2024 (Q4 2024), -24% from a year earlier and -19% from the quarter before.
Was Jet.AI profitable in the fourth quarter 2024?
Operating loss was $3.3M (-104.5% of revenue) and net loss $3.4M.
Source: Jet.AI 10-K on SEC EDGAR.