Jet.AI Q2 revenue down 10%, joint venture with Consensus Core for hyperscale data centers.

• Jet.AI reports Q2 2025 financial results • Announces capital contribution to AI Infrastructure Acquisition Corp. • Signs LOI with Consensus Core to develop two hyperscale data-center campuses in Canada.

Jet.AI (NASDAQ: JTAI), a provider of high-performance GPU infrastructure and AI cloud services, has released its financial results for the second quarter ended June 30, 2025. The company reported revenues of $2.2 million, down 29% year-over-year from $3.1 million, with a reduced operating loss of $2.5 million compared to $3.2 million in Q2 2024 [1].

The financial report highlights a period of strategic transition for Jet.AI, which has been pivoting from its aviation business to AI infrastructure. Key developments include a definitive agreement with Consensus Core Technologies for hyperscale data-center development in Canada, and a capital contribution to AIIA Sponsor Ltd. for AI infrastructure opportunities. The company's pending transaction with flyExclusive remains on schedule for completion by October 31, 2025. As of June 30, 2025, Jet.AI maintained cash and cash equivalents of $8.3 million [1].

The company's pivot to AI data centers shows promise amid declining aviation revenues and continued losses as the company awaits the flyExclusive deal closure. Jet.AI's Q2 2025 results reveal a company in transition, pivoting from aviation to AI infrastructure while managing declining revenues. The company reported $2.2 million in quarterly revenue, down 29% year-over-year from $3.1 million. This decline stems primarily from reduced aviation business as clients anticipate the pending flyExclusive transaction, scheduled to close by October 31, 2025 [1].

The financial picture shows some improvement in operational efficiency despite challenges. Operating losses narrowed to $2.5 million from $3.2 million in the same quarter last year, while gross loss improved to $110,000 from $417,000. This reduction in losses comes from both decreased operational costs and strategic scaling back of aviation activities. Cash position remains a key metric to watch with $8.3 million in cash and cash equivalents as of June 30. At the current burn rate, this provides some runway for the company's strategic pivot, but continued losses make future financing needs likely [1].

Jet.AI's strategic direction is clearly focused on AI infrastructure, evidenced by two significant developments: (1) capital contribution to AIIA Sponsor Ltd., which will sponsor a SPAC targeting AI and data center infrastructure companies, and (2) executing a definitive agreement with Consensus Core Technologies for Canadian data center development projects in Midwestern and Maritime Canada [1].

Management's commentary emphasizes approaching milestones related to power infrastructure at the Midwestern Canada site and progress at the Maritime Canada location. The company appears to be executing a deliberate transition from aviation services to AI infrastructure, with the pending flyExclusive deal representing the final step in exiting their original business model [1].

References:
[1] https://www.stocktitan.net/news/JTAI/jet-ai-reports-second-quarter-2025-financial-hfdotv5yexd9.html