SOAR · Volato Group, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $997.0K | - | $381.0K | $24.86M | $25.48M | - | $40.27M | $15.13M | $13.21M | - |
| Cost of Revenue | $294.0K | - | $123.0K | $21.09M | $20.99M | - | $33.77M | $18.47M | $17.49M | - |
| Gross Profit | $703.0K | - | $258.0K | $3.77M | $4.50M | - | $6.50M | ($3.33M) | ($4.28M) | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $3.05M | - | $2.82M | $2.90M | $1.97M | - | $2.15M | $6.13M | $11.74M | - |
| Total Operating Expenses | $3.34M | - | $2.94M | $23.98M | $22.96M | - | $5.49M | $28.21M | $29.23M | - |
| D&A | $58.0K | - | $75.0K | $83.0K | $85.0K | - | $65.0K | $50.0K | $80.0K | - |
| Operating Income | ($2.35M) | - | ($2.56M) | $872.0K | $2.53M | - | $1.85M | ($13.08M) | ($16.02M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | - | - | $272.0K | $189.0K | $98.0K | - | $11.0K | $9.0K | $6.0K | - |
| Net Income | ($2.63M) | - | $7.14M | $3.60M | $455.0K | - | ($4.43M) | ($16.92M) | ($17.39M) | - |
| EPS - Basic | ($0.18) | - | $1.26 | $1.23 | $0.21 | - | ($3.33) | ($12.88) | ($13.32) | - |
| EPS - Diluted | ($0.18) | - | $1.12 | $0.67 | $0.03 | - | ($3.33) | ($12.88) | ($13.32) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $0 | $4.70M | $4.35M | $4.71M | $2.58M | $4.00M | $5.60M | $7.25M | $8.29M | $16.72M |
| Accounts Receivable | $31.0K | $101.0K | $64.0K | $32.0K | $1.0K | $2.0K | $118.0K | $2.05M | $2.45M | $2.99M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | $5.73M | $9.81M | $11.33M | $10.69M | $20.92M | $43.31M | $43.82M | $61.04M | $39.56M | $46.50M |
| Total Assets | $7.91M | $11.95M | $13.59M | $13.05M | $23.41M | $46.30M | $47.93M | $65.33M | $68.17M | $71.71M |
| Current Liabilities | $8.28M | $13.72M | $9.39M | $20.00M | $39.12M | $62.20M | $66.41M | $79.25M | $51.27M | $47.64M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $8.35M | $13.80M | $9.48M | $20.11M | $39.24M | $62.63M | $67.57M | $80.34M | $66.48M | $56.96M |
| Stockholders' Equity | ($446.0K) | ($1.85M) | $4.11M | ($7.06M) | ($15.83M) | ($16.33M) | ($19.63M) | ($15.00M) | $1.69M | $14.75M |
| Retained Earnings | ($103.41M) | ($100.77M) | ($93.11M) | ($100.25M) | ($103.85M) | ($104.31M) | ($102.41M) | ($97.97M) | ($81.05M) | ($63.66M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($2.57M) | - | - | - | ($312.0K) | - | - | - | ($7.70M) | - |
| Investing Cash Flow | ($176.0K) | - | - | - | $21.0K | - | - | - | ($56.0K) | - |
| Financing Cash Flow | ($46.0K) | - | - | - | ($1.13M) | - | - | - | ($684.0K) | - |
| CapEx | $176.0K | - | - | - | $0 | - | - | - | $56.0K | - |
| Free Cash Flow | ($2.75M) | - | - | - | ($312.0K) | - | - | - | ($7.75M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 70.5% | - | 67.7% | 15.2% | 17.6% | - | 16.1% | -22.0% | -32.4% | - |
| Operating margin | -235.4% | - | -673.0% | 3.5% | 9.9% | - | 4.6% | -86.4% | -121.3% | - |
| EBITDA margin | -229.6% | - | -653.3% | 3.8% | 10.2% | - | 4.8% | -86.1% | -120.7% | - |
| Net margin | -264.2% | - | 1875.3% | 14.5% | 1.8% | - | -11.0% | -111.8% | -131.6% | - |
| Free cash flow margin | -275.7% | - | - | - | -1.2% | - | - | - | -58.7% | - |
| FCF / Net income | 1.04 | - | - | - | -0.69 | - | - | - | 0.45 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 305.9% | - | 740.7% | 11.6% | 7.7% | - | 5.3% | 40.5% | 88.9% | - |
| Effective tax rate | - | - | 3.7% | 5.0% | 17.7% | - | - | - | - | - |
| Return on assets | -33.3% | - | 52.6% | 27.6% | 1.9% | - | -9.3% | -25.9% | -25.5% | - |
| Return on equity | 590.6% | - | 174.1% | -51.0% | -2.9% | - | 22.6% | 112.8% | -1026.6% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.69 | 0.72 | 1.21 | 0.53 | 0.53 | 0.70 | 0.66 | 0.77 | 0.77 | 0.98 |
| Quick ratio | 0.69 | 0.72 | 1.21 | 0.53 | 0.53 | 0.70 | 0.66 | 0.77 | 0.77 | 0.98 |
| Cash ratio | 0.00 | 0.34 | 0.46 | 0.24 | 0.07 | 0.06 | 0.08 | 0.09 | 0.16 | 0.35 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | -17.73 | -6.47 | 3.31 | -1.85 | -1.48 | -2.83 | -2.44 | -4.35 | 40.24 | 4.86 |
| Liabilities / Assets | 1.06 | 1.15 | 0.70 | 1.54 | 1.68 | 1.35 | 1.41 | 1.23 | 0.98 | 0.79 |
| Efficiency | ||||||||||
| Asset turnover | 0.13 | - | 0.03 | 1.90 | 1.09 | - | 0.84 | 0.23 | 0.19 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 11d | - | 61d | 0d | 0d | - | 1d | 49d | 68d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | 1.4x | 1.7x | 57.7x | - | - | - | - | - |
| P / B | - | - | 2.3x | - | - | - | - | - | 1354.7x | - |
| P / S | 3.4x | - | 24.7x | 0.2x | 0.9x | - | 6.4x | 25.2x | 173.7x | - |
| EV / EBITDA | - | - | - | 0.7x | 7.4x | - | 131.1x | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -96.1% | - | -99.1% | 64.3% | 92.9% | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -84.4% | - | -96.0% | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | - | - | - | - | - | -1771.2% | -2957.2% | - |
| Net income growth (YoY) | - | - | - | - | - | - | -181.9% | - | - | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -781.1% | - | - | - | 96.0% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 97.2% | 88.7% | - | 52.9% | - | - | -351.0% | -739.3% | 8.4% | 624.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$78.56M totalPrivate Aviation Services$78.56M · 100.0%
Product / service
$78.56M totalAircraft Sales$77.10M · 98.1%
Aircraft Management Revenue$1.46M · 1.9%
Peer comparison
Same SIC group: Air Transportation, Nonscheduled
Comparing Volato Group against the 5 most active filers in the same SIC group.