Jet.AI Inc. reported its financial results for the second quarter and first half of 2026, revealing significant changes in revenue and operational focus following a strategic shift towards artificial intelligence and data center operations. For the three months ended June 30, 2026, the company generated revenues of $5.32 million, a substantial increase from $2.23 million in the same period of 2025. The revenue growth was primarily driven by a $3.45 million sale of a HondaJet aircraft, which contributed to a gross loss of $183,748, compared to a gross loss of $110,300 in the prior year. For the first half of 2026, total revenues reached $7.00 million, up from $5.70 million in the first half of 2025.
The company’s operating loss for the second quarter of 2026 was $2.68 million, slightly higher than the $2.48 million loss reported in the same quarter of 2025. Total operating expenses increased to $2.50 million from $2.37 million year-over-year, with notable increases in general and administrative costs attributed to legal and consulting fees related to the company's transition strategy. The net loss for the second quarter was $2.28 million, compared to a net loss of $2.39 million in the previous year.
In terms of operational developments, Jet.AI completed a significant spin-off of its fractional and jet card business on July 13, 2026, which is expected to allow the company to concentrate on its core AI and data center initiatives. Following the spin-off, Jet.AI retained its software and intellectual property assets, as well as its interest in a joint venture focused on data centers. The company also reported a cash position of approximately $10.6 million as of June 30, 2026, with current assets exceeding current liabilities by about $8.8 million.
The company’s strategic focus has shifted towards high-performance GPU infrastructure and AI cloud services, with plans to utilize cash generated from its remaining operations and potential equity or debt financing to fund future growth. Jet.AI anticipates continued operating losses in the near term as it navigates this transition. The company has also engaged in an at-the-market sales program, raising approximately $27.7 million in gross proceeds from the sale of common stock during the first half of 2026, which will support its ongoing operational needs.
About Jet.AI Inc.
Jet.AI Inc. develops AI-driven software and platforms for private aviation, including booking apps, SaaS tools for aircraft operators, and AI models for trip optimization and automation. The company offers fractional jet programs, jet cards, and aircraft management services primarily serving high-net-worth individuals and aircraft operators. Its core value lies in leveraging AI to enhance efficiency, scalability, and customer experience in the private jet industry.
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