NYSEAMERICAN : SOAR
Volato Group, Inc. — Financial statements
Industrials · Airports & Air Services · United States
Last price 0.23 USD (Oct 30, 2026, 4:00 PM) · Market cap 12.34M
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Financial statements
Volato Group, Inc. (SOAR) reported revenue of 30.19M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 30.19M | 78.56M | 39.06M | 35.57M | 96.71M | 1.06M |
| Cost of Revenue | 22.38M | 63.87M | 32.18M | 30.78M | 94.28M | 853.29K |
| Gross Profit | 7.81M | 14.69M | 6.88M | 4.79M | 2.43M | 202.56K |
| Selling, General & Admin | 12.11M | 10.73M | 15.51M | 9.23M | 11.61M | 2.37M |
| Operating Expenses | 12.11M | 10.73M | 15.51M | 9.23M | 11.61M | 2.40M |
| Operating Income | -4.30M | 3.96M | -8.62M | -4.44M | -9.19M | -2.19M |
| Interest Expense | -1.22M | -4.85M | -7.49M | -3.36M | -866.00K | -57.91K |
| Other Non Operating Income (Expenses) | -3.28M | 2.02M | -2.77M | -13.22M | 15.00K | |
| EBT Excluding Unusual Items | -8.80M | 1.14M | -18.89M | -21.02M | -10.04M | -2.25M |
| Impairment of Goodwill | -35.00K | |||||
| Gain (Loss) on Sale of Investments | 918.00K | -41.00K | -12.00K | |||
| Gain (Loss) on Sale of Assets | 830.00K | 387.00K | 581.00K | 757.61K | ||
| Other Unusual Items | -2.80M | |||||
| Pretax Income | -7.05M | 1.06M | -21.69M | -20.63M | -9.46M | -1.51M |
| Income Tax Expense | -76.00K | 207.00K | -507.00K | 2.00K | -55.00K | |
| Earnings From Continuing Operations | -6.98M | 854.00K | -21.18M | -20.64M | -9.40M | -1.51M |
| Earnings From Discontinued Operations | 3.41M | 4.32M | -19.46M | -32.19M | ||
| Net Income to Company | -3.57M | 5.17M | -40.65M | -52.82M | -9.40M | -1.51M |
| Minority Interest in Earnings | 33.00K | 33.86K | ||||
| Net Income | -3.57M | 5.17M | -40.65M | -52.82M | -9.37M | -1.47M |
| Net Income to Common | -3.57M | 5.17M | -40.65M | -52.82M | -9.37M | -1.47M |
| Shares Outstanding (Basic) | 16.83M | 4.39M | 1.66M | 609.80K | 22.54K | 12.29K |
| Shares Outstanding (Diluted) | 16.83M | 4.39M | 1.66M | 609.80K | 22.54K | 12.29K |
| EPS (Basic) | -0.21 | 1.18 | -24.42 | -86.62 | -415.61 | -119.92 |
| EPS (Diluted) | -0.21 | 1.17 | -24.42 | -86.62 | -415.61 | -119.92 |
| Free Cash Flow | -466.00K | 3.28M | -17.06M | -31.03M | -21.69M | -18.30M |
| Free Cash Flow Per Share | -0.03 | 0.75 | -10.25 | -50.89 | -962.42 | -1,489.33 |
| Gross Margin | 25.86% | 18.70% | 17.62% | 13.48% | 2.51% | 19.18% |
| Operating Margin | -14.24% | 5.04% | -22.07% | -12.48% | -9.50% | -207.88% |
| Profit Margin | -11.82% | 6.59% | -104.05% | -148.49% | -9.69% | -139.54% |
| Free Cash Flow Margin | -1.54% | 4.18% | -43.68% | -87.23% | -22.43% | -1,733.01% |
| EBITDA | -4.27M | 4.00M | -8.51M | -4.30M | -9.02M | -2.17M |
| EBITDA Margin | -14.15% | 5.09% | -21.79% | -12.08% | -9.33% | -205.39% |
| D&A For EBITDA | 28.00K | 42.00K | 112.00K | 144.00K | 162.00K | 26.24K |
| EBIT | -4.30M | 3.96M | -8.62M | -4.44M | -9.19M | -2.19M |
| EBIT Margin | -14.24% | 5.04% | -22.07% | -12.48% | -9.50% | -207.88% |
| Effective Tax Rate | 19.51% | |||||
| Advertising Expenses | 1.00M | 4.50M | 2.80M | 387.87K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 8.44M | 4.70M | 2.16M | 14.49M | 5.78M | 1.61M |
| Short-Term Investments | 643.00K | 2.94M | ||||
| Cash & Short-Term Investments | 9.08M | 7.63M | 2.16M | 14.49M | 5.78M | 1.61M |
| Accounts Receivable | 852.00K | 737.00K | 2.00K | 442.00K | 1.88M | 422.79K |
| Receivables | 1.19M | 943.00K | 2.00K | 442.00K | 1.88M | 422.79K |
| Prepaid Expenses | 800.00K | 572.00K | 1.03M | 1.87M | 2.21M | 579.71K |
| Restricted Cash | 1.84M | |||||
| Other Current Assets | 85.00K | 661.00K | 38.28M | 29.70M | 833.00K | 1.50M |
| Total Current Assets | 11.16M | 9.81M | 43.31M | 46.50M | 10.70M | 4.11M |
| Property, Plant & Equipment | 609.00K | 451.00K | 847.00K | 846.00K | 1.92M | 10.50M |
| Long-Term Investments | 1.16M | 163.00K | ||||
| Goodwill | 635.00K | 635.00K | ||||
| Other Intangible Assets | 1.39M | 1.61M | 163.00K | |||
| Other Long-Term Assets | 2.14M | 22.34M | 14.22M | 57.73K | ||
| Total Assets | 13.54M | 11.95M | 46.30M | 71.71M | 30.26M | 14.99M |
| Accounts Payable | 5.31M | 3.39M | 5.45M | 4.25M | 3.66M | 519.25K |
| Accrued Expenses | 15.11K | |||||
| Short-Term Debt | 4.23M | 4.05M | 1.00M | 23.99M | 6.00M | |
| Current Portion of Long-Term Debt | 28.86M | 20.11M | 57.00K | |||
| Current Portion of Leases | 46.00K | 43.00K | 39.00K | 283.00K | ||
| Other Current Liabilities | 35.00K | 6.05M | 23.80M | 22.27M | 2.16M | 546.00K |
| Total Current Liabilities | 10.01M | 13.72M | 62.20M | 47.64M | 30.16M | 7.08M |
| Long-Term Debt | 8.05M | 4.17M | ||||
| Long-Term Leases | 61.00K | 85.00K | 128.00K | 1.29M | ||
| Long-Term Deferred Tax Liabilities | 305.00K | 305.00K | ||||
| Other Long-Term Liabilities | 305.00K | 965.00K | ||||
| Total Liabilities | 10.07M | 13.80M | 62.63M | 56.96M | 35.93M | 7.08M |
| Common Stock | 10.00K | 5.00K | 5.00K | 3.00K | 1.00K | 7.12K |
| Additional Paid-In Capital | 108.91M | 98.92M | 87.97M | 78.41M | 5.18M | 5.12M |
| Retained Earnings | -105.46M | -100.77M | -104.31M | -63.66M | -10.84M | -1.47M |
| Comprehensive Income & Other | -15.00K | -50.00K | ||||
| Total Common Equity | 3.46M | -1.85M | -16.33M | 14.75M | -5.67M | 3.61M |
| Minority Interest | 4.30M | |||||
| Shareholders' Equity | 3.46M | -1.85M | -16.33M | 14.75M | -5.67M | 7.91M |
| Total Liabilities & Equity | 13.54M | 11.95M | 46.30M | 71.71M | 30.26M | 14.99M |
| Total Debt | 107.00K | 4.36M | 33.07M | 29.16M | 29.80M | 6.00M |
| Net Cash (Debt) | 8.98M | 3.28M | -30.91M | -14.68M | -24.02M | -4.39M |
| Net Cash Per Share | 0.53 | 0.75 | -18.57 | -24.07 | -1,065.67 | -357.47 |
| Filing Date Shares Outstanding | 53.63M | 16.24M | 1.90M | 1.17M | 284.81K | 12.29K |
| Total Common Shares Outstanding | 53.18M | 9.51M | 1.84M | 1.12M | 284.81K | 12.29K |
| Working Capital | 1.15M | -3.91M | -18.89M | -1.14M | -19.46M | -2.97M |
| Book Value Per Share | 0.07 | -0.19 | -8.86 | 13.15 | -19.90 | 293.68 |
| Tangible Book Value | 3.46M | -1.85M | -16.33M | 12.72M | -7.92M | 3.45M |
| Tangible Book Value Per Share | 0.07 | -0.19 | -8.86 | 11.34 | -27.80 | 280.42 |
| Machinery | 60.00K | 198.00K | 265.00K | 304.00K | 244.00K | 10.52M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -3.57M | 5.17M | -40.65M | -52.82M | -9.37M | -1.47M |
| Depreciation & Amortization | 69.00K | 81.00K | 146.00K | 144.00K | 162.00K | 26.24K |
| Other Amortization | 220.00K | 538.00K | 530.00K | 239.00K | 42.00K | |
| Loss (Gain) From Sale of Assets | 26.00K | 41.00K | -2.00K | -387.00K | ||
| Asset Writedown & Restructuring Costs | 130.00K | |||||
| Loss (Gain) From Sale of Investments | 1.06M | 910.00K | -536.00K | -757.61K | ||
| Loss (Gain) on Equity Investments | 12.00K | |||||
| Stock-Based Compensation | 32.00K | 605.00K | 211.00K | 176.00K | 17.00K | 4.00K |
| Other Operating Activities | -2.84M | -6.85M | 25.25M | 45.59M | -80.00K | -33.86K |
| Change in Accounts Receivable | -973.00K | -835.00K | 296.00K | -2.22M | -422.79K | |
| Change in Accounts Payable | 1.27M | -110.00K | 2.85M | 2.45M | 2.22M | 613.36K |
| Change in Unearned Revenue | 3.31M | 546.00K | ||||
| Change in Other Net Operating Assets | 3.20M | 8.73M | 14.18M | -2.96M | -11.66M | -2.12M |
| Operating Cash Flow | 101.00K | 3.49M | -16.92M | -30.39M | -21.43M | -3.61M |
| Capital Expenditures | -567.00K | -211.00K | -145.00K | -637.00K | -259.00K | -14.69M |
| Sale of Property, Plant & Equipment | 30.00K | 33.00K | ||||
| Cash Acquisitions | -1.17M | |||||
| Investment in Securities | 6.58M | 2.88M | ||||
| Other Investing Activities | -7.89M | -7.89M | -3.00K | 2.41M | ||
| Investing Cash Flow | -8.46M | -8.08M | -115.00K | 1.78M | 5.14M | -11.81M |
| Short-Term Debt Issued | 6.05M | 8.05M | 13.67M | 28.33M | 13.00M | |
| Total Debt Issued | 4.70M | 6.05M | 8.05M | 13.67M | 28.33M | 13.00M |
| Short-Term Debt Repaid | -1.00M | -5.80M | -5.70M | |||
| Long-Term Debt Repaid | -1.16M | -2.93M | -787.00K | -6.00K | ||
| Lease Payments | -41.00K | -39.00K | ||||
| Total Debt Repaid | -41.00K | -1.16M | -3.93M | -787.00K | -5.81M | -5.70M |
| Net Debt Issued (Repaid) | 4.66M | 4.88M | 4.12M | 12.88M | 22.52M | 7.30M |
| Issuance of Common Stock | 4.05M | 463.00K | 94.00K | 38.00K | 35.00K | 5.33M |
| Other Financing Activities | 3.39M | -66.00K | 95.00K | 336.00K | ||
| Financing Cash Flow | 12.09M | 5.28M | 4.31M | 37.46M | 22.56M | 17.03M |
| Net Cash Flow | 3.73M | 698.00K | -12.72M | 8.84M | 6.27M | 1.61M |
| Free Cash Flow | -466.00K | 3.28M | -17.06M | -31.03M | -21.69M | -18.30M |
| Free Cash Flow Margin | -1.54% | 4.18% | -43.68% | -87.23% | -22.43% | -1,733.01% |
| Free Cash Flow Per Share | -0.03 | 0.75 | -10.25 | -50.89 | -962.42 | -1,489.33 |
| Levered Free Cash Flow | -8.32M | 19.62M | -15.75M | -11.34M | -4.00M | |
| Unlevered Free Cash Flow | -7.55M | 22.37M | -11.36M | -9.42M | -3.50M | |
| Free Cash Flow After Leases | -507.00K | 3.24M | -17.06M | -31.03M | -21.69M | -18.30M |
| Cash Interest Paid | 989.00K | 5.64M | 2.27M | 61.00K | 42.95K | |
| Cash Income Tax Paid | 584.00K | 497.00K | ||||
| Change in Working Capital | 6.81M | 7.79M | 17.02M | -213.00K | -11.67M | -1.39M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 12.34M | 4.77M | 11.25M | 105.86M | 350.87M | |
| Enterprise Value | 3.36M | 1.72M | 38.26M | 173.73M | ||
| Last Close Price | 0.23 | 0.64 | 6.12 | 94.38 | 254.25 | |
| PE Ratio | 0.92 | |||||
| PS Ratio | 0.41 | 0.06 | 0.29 | 2.98 | 3.63 | |
| PB Ratio | 3.53 | -2.58 | -0.69 | 7.18 | -61.89 | |
| P/TBV Ratio | 3.56 | 8.32 | ||||
| P/FCF Ratio | 1.46 | |||||
| P/OCF Ratio | 122.14 | 1.37 | ||||
| EV/Sales Ratio | 0.11 | 0.02 | 0.98 | 4.88 | ||
| EV/EBITDA Ratio | 0.43 | |||||
| EV/EBIT Ratio | 0.43 | |||||
| EV/FCF Ratio | 0.52 | |||||
| Debt / Equity Ratio | 0.03 | -2.36 | -2.02 | 1.98 | -5.26 | 0.76 |
| Debt / EBITDA Ratio | 0.02 | 0.17 | ||||
| Debt / FCF Ratio | 1.33 | |||||
| Net Debt / Equity Ratio | -2.59 | 1.77 | -1.89 | 0.99 | -4.24 | 0.56 |
| Net Debt / EBITDA Ratio | 2.10 | -0.82 | -3.63 | -3.42 | -2.66 | -2.02 |
| Net Debt / FCF Ratio | 19.26 | -1.00 | -1.81 | -0.47 | -1.11 | -0.24 |
| Asset Turnover | 2.27 | 2.70 | 0.66 | 0.70 | 4.28 | |
| Quick Ratio | 1.01 | 0.61 | 0.04 | 0.31 | 0.25 | 0.29 |
| Current Ratio | 1.11 | 0.71 | 0.70 | 0.98 | 0.35 | 0.58 |
| Return on Equity (ROE) | -454.44% | -838.93% | ||||
| Return on Assets (ROA) | -20.22% | 8.50% | -9.13% | -5.44% | -25.37% | |
| Return on Invested Capital (ROIC) | -127.51% | -30.09% | -148.16% | -17.84% | ||
| Return on Capital Employed (ROCE) | -122.00% | -224.50% | 54.20% | -18.40% | -9,469.10% | -27.70% |
| Earnings Yield | -92.18% | 108.36% | -361.43% | -49.90% | -2.67% | |
| FCF Yield | -3.78% | 68.73% | -151.74% | -29.31% | -6.18% | |
| Buyback Yield / Dilution | -667.08% | -163.55% | -172.96% | -2,605.65% | -83.45% |