Overview

• AI cloud services provider's Q1 revenue fell yr/yr

• Company approved $5 mln share repurchase, during the quarter, and ended Q1 with $13.5 mln cash, no debt

• Proposed merger with flyExclusive advances, with shareholder vote set for June 11

Outlook

• Jet.AI expects to close its merger with flyExclusive in Q2 2026

Result Drivers

• DATA CENTER MILESTONES - Co cited completion of major milestones at Midwestern and Maritime data center campuses through its joint venture, including securing natural gas supply and environmental permits for the Manitoba campus

• STRATEGIC INVESTMENTS - Co highlighted acquisition of $5 mln economic interest in SpaceX and ongoing engagement with AI Infrastructure Acquisition Corp.

Company press release: ID:nGNX57NG7G

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Revenue	Miss	$1.68 mln	$1.70 mln (1 Analyst)
Q1 EPS		-$6.68

Analyst Coverage

• The one available analyst rating on the shares is "buy"

• The average consensus recommendation for the software peer group is "buy"

• Wall Street's median 12-month price target for Jet.AI Inc is $80.00, about 1,069.6% above its May 14 closing price of $6.84

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