Volato Group, Inc.(SOAR)Earnings, Financials & Key Ratios
SOAR•AMEX
$0.25
$468338 mkt cap·Price updated May 6, 2026
AboutVolato Group, Inc. operates as a private aviation company. The company offers fractional ownership, aircraft management, jet cards, deposit, and charter programs. As of December 31, 2023, it operated a fleet of 24 HondaJets and a managed fleet of 6 aircraft. The company was founded in 2021 and is based in Chamblee, Georgia.Show more
- Revenue$46M+30.1%
- EBITDA-$9M-109.3%
- Net Income-$41M+23.1%
- EPS (Diluted)-24.42+43.6%
- Gross Margin16.19%+20.2%
- EBITDA Margin-19.42%-60.8%
- Operating Margin-20.23%-62.1%
- Net Margin-87.81%+40.9%
- ROIC-31.55%-128.8%
- Interest Coverage-1.25+5.5%
SOAR Key Insights
Volato Group, Inc. (SOAR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
No significant strengths identified
✗Weaknesses
- ✗Negative free cash flow
- ✗Weak momentum: RS Rating 4 (bottom 4%)
- ✗Low quality earnings: Net income not backed by cash flow
- ✗Shares diluted 36.5% in last year
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
SOAR Price & Volume
Volato Group, Inc. (SOAR) stock price & volume — 10-year historical chart
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SOAR Growth Metrics
Volato Group, Inc. (SOAR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years252.61%
TTM-30.56%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM114.91%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM101.85%
Return on Capital
10 Years-130.76%
5 Years-130.76%
3 Years-165.1%
Last Year-229.14%
SOAR Peer Comparison
Volato Group, Inc. (SOAR) competitors in Private aviation and charter services — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 FLYX | 200.91M | 2.49 | -2.47 | 14.85% | -4.7% | |||
 SRFM | 28.64M | 1.37 | -0.26 | -10.78% | -103.75% | |||
 AIRO | 232.59M | 7.43 | -4.79 | 100.99% | -125.14% | -10.76% | 0.09 | |
 JBLU | 1.87B | 5.04 | -3.04 | -2.34% | -7.78% | -33.13% | 4.84 | |
 ULCC | 1.1B | 4.78 | -7.97 | -1.35% | -9.62% | -88.57% | 11.13 | |
 MESA | 879.48M | 21.00 | -0.04 | -19.93% | -43.64% | -5.29% | ||
 SNCY | 897.49M | 16.56 | 17.25 | 4.74% | 3.55% | 6.44% | 0.95 | |
 TXT | 16.21B | 93.09 | 18.22 | 8.01% | 6.15% | 12.13% | 0.54 |
Compare SOAR vs Peers
Volato Group, Inc. (SOAR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SOAR Income Statement
Volato Group, Inc. (SOAR) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|
| Sales/Revenue | 1.06M | 96.71M | 35.57M | 46.29M | 52.14M |
| Revenue Growth % | - | 9059.07% | -63.22% | 30.12% | -30.56% |
| Cost of Goods Sold | 853.29K | 94.28M | 30.78M | 38.79M | 43.18M |
| COGS % of Revenue | 80.82% | 97.49% | 86.52% | 83.81% | - |
| Gross Profit | 202.56K▲ 0% | 2.43M▲ 1097.7% | 4.79M▲ 97.6% | 7.5M▲ 56.4% | 8.96M▲ 0% |
| Gross Margin % | 19.18% | 2.51% | 13.48% | 16.19% | 17.19% |
| Gross Profit Growth % | - | 1097.66% | 97.61% | 56.36% | - |
| Operating Expenses | 2.4M | 11.61M | 9.23M | 16.86M | 11.06M |
| OpEx % of Revenue | 227.06% | 12.01% | 25.96% | 36.43% | - |
| Selling, General & Admin | 2.37M | 11.61M | 9.23M | 16.86M | 11.06M |
| SG&A % of Revenue | 224.58% | 12.01% | 25.96% | 36.43% | - |
| Research & Development | 0 | 0 | 56K | 97K | 81K |
| R&D % of Revenue | - | - | 0.16% | 0.21% | - |
| Other Operating Expenses | 26.24K | 0 | -57K | -97K | -81K |
| Operating Income | -2.19M▲ 0% | -9.19M▼ 318.5% | -4.44M▲ 51.7% | -9.37M▼ 110.9% | -2.1M▲ 0% |
| Operating Margin % | -207.88% | -9.5% | -12.48% | -20.23% | -4.03% |
| Operating Income Growth % | - | -318.47% | 51.66% | -110.92% | - |
| EBITDA | -2.17M | -9.02M | -4.3M | -8.99M | -1.8M |
| EBITDA Margin % | -205.39% | -9.33% | -12.08% | -19.42% | -3.45% |
| EBITDA Growth % | - | -316.07% | 52.39% | -109.26% | 88.17% |
| D&A (Non-Cash Add-back) | 26.24K | 162K | 144K | 375K | 301K |
| EBIT | -1.45M | -8.59M | -4.44M | -14.94M | -1.68M |
| Net Interest Income | -57.91K | -866K | -3.36M | -7.49M | -5.49M |
| Interest Income | 0 | 0 | 0 | 0 | 27K |
| Interest Expense | 57.91K | 866K | 3.36M | 7.49M | 5.52M |
| Other Income/Expense | 687.7K | -270K | -16.19M | -13.07M | 402K |
| Pretax Income | -1.51M▲ 0% | -9.46M▼ 527.3% | -20.63M▼ 118.2% | -22.43M▼ 8.7% | -1.7M▲ 0% |
| Pretax Margin % | -142.75% | -9.78% | -58% | -48.46% | -3.26% |
| Income Tax | 0 | -55K | 2K | -507K | 26K |
| Effective Tax Rate % | 0% | 0.58% | -0.01% | 2.26% | -1.53% |
| Net Income | -1.47M▲ 0% | -9.37M▼ 535.8% | -52.82M▼ 463.9% | -40.65M▲ 23.1% | 9.3M▲ 0% |
| Net Margin % | -139.54% | -9.69% | -148.49% | -87.81% | 17.84% |
| Net Income Growth % | - | -535.77% | -463.92% | 23.05% | 114.91% |
| Net Income (Continuing) | -1.51M | -9.4M | -20.64M | -21.93M | -1.73M |
| Discontinued Operations | 0 | 0 | -32.19M | -18.72M | 3.01M |
| Minority Interest | 4.3M | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.28▲ 0% | -10.39▼ 3653.8% | -43.31▼ 316.8% | -24.42▲ 43.6% | 1.56▲ 0% |
| EPS Growth % | - | -3653.76% | -316.84% | 43.62% | 101.85% |
| EPS (Basic) | -0.28 | -10.39 | -43.31 | -24.42 | - |
| Diluted Shares Outstanding | 1.38M | 901.51K | 1.22M | 1.66M | 5.98M |
| Basic Shares Outstanding | 1.38M | 901.51K | 1.22M | 1.66M | 5.04M |
| Dividend Payout Ratio | - | - | - | - | - |
SOAR Balance Sheet
Volato Group, Inc. (SOAR) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|
| Total Current Assets | 4.11M | 10.7M | 46.5M | 43.31M | 11.33M |
| Cash & Short-Term Investments | 1.61M | 5.78M | 14.49M | 2.16M | 4.35M |
| Cash Only | 1.61M | 5.78M | 14.49M | 2.16M | 4.35M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 422.79K | 1.88M | 2.99M | 2K | 1.93M |
| Days Sales Outstanding | 146.15 | 7.1 | 30.68 | 0.02 | 4.09 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - |
| Other Current Assets | 1.5M | 833K | 25.13M | 5.15M | 5.05M |
| Total Non-Current Assets | 10.88M | 19.56M | 25.21M | 2.98M | 2.26M |
| Property, Plant & Equipment | 10.5M | 1.92M | 2.12M | 850K | 480K |
| Fixed Asset Turnover | 0.10x | 50.32x | 16.75x | 54.46x | 79.09x |
| Goodwill | 0 | 635K | 635K | 635K | 0 |
| Intangible Assets | 163K | 1.61M | 1.39M | 1.2M | 0 |
| Long-Term Investments | 163K | 1.16M | 154K | 0 | 3.48M |
| Other Non-Current Assets | 57.73K | 2.1M | 20.91M | 300K | 2.14M |
| Total Assets | 14.99M▲ 0% | 30.26M▲ 101.8% | 71.71M▲ 137.0% | 46.3M▼ 35.4% | 13.59M▲ 0% |
| Asset Turnover | 0.07x | 3.20x | 0.50x | 1.00x | 2.16x |
| Asset Growth % | - | 101.84% | 137.01% | -35.44% | -252.78% |
| Total Current Liabilities | 7.08M | 30.16M | 47.64M | 62.2M | 9.39M |
| Accounts Payable | 519.24K | 3.66M | 9.86M | 5.71M | 0 |
| Days Payables Outstanding | 222.11 | 14.18 | 116.97 | 53.73 | 30.68 |
| Short-Term Debt | 6M | 24.05M | 20.34M | 32.91M | 3.11M |
| Deferred Revenue (Current) | 0 | 2.16M | 0 | 11.54M | 29.61M |
| Other Current Liabilities | 546K | 0 | 17.11M | 12.01M | 4.37M |
| Current Ratio | 0.58x | 0.35x | 0.98x | 0.70x | 0.70x |
| Quick Ratio | 0.58x | 0.35x | 0.98x | 0.70x | 0.70x |
| Cash Conversion Cycle | - | - | - | - | -26.59 |
| Total Non-Current Liabilities | 1 | 5.77M | 9.32M | 433K | 96K |
| Long-Term Debt | 0 | 4.17M | 8.05M | 0 | 96K |
| Capital Lease Obligations | 0 | 1.29M | 965K | 128K | 353K |
| Deferred Tax Liabilities | 0 | 305K | 305K | 305K | 305K |
| Other Non-Current Liabilities | 1 | 0 | 0 | 0 | 0 |
| Total Liabilities | 7.08M | 35.93M | 56.96M | 62.63M | 9.48M |
| Total Debt | 6M | 29.8M | 29.68M | 33.07M | 3.2M |
| Net Debt | 4.39M | 24.02M | 15.2M | 30.91M | -1.15M |
| Debt / Equity | 0.76x | - | 2.01x | - | 0.78x |
| Debt / EBITDA | - | - | - | - | -1.78x |
| Net Debt / EBITDA | - | - | - | - | 0.64x |
| Interest Coverage | -37.90x | -10.61x | -1.32x | -1.25x | -0.30x |
| Total Equity | 7.91M▲ 0% | -5.67M▼ 171.7% | 14.75M▲ 360.2% | -16.33M▼ 210.7% | 4.11M▲ 0% |
| Equity Growth % | - | -171.67% | 360.2% | -210.73% | -1071.56% |
| Book Value per Share | 5.73 | -6.29 | 12.09 | -9.81 | 0.69 |
| Total Shareholders' Equity | 3.61M | -5.67M | 14.75M | -16.33M | 4.11M |
| Common Stock | 7.12K | 1K | 3K | 5K | 5K |
| Retained Earnings | -1.47M | -10.84M | -63.66M | -104.31M | -93.11M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -50K | 0 | 0 | 0 | 0 |
| Minority Interest | 4.3M | 0 | 0 | 0 | 0 |
SOAR Cash Flow Statement
Volato Group, Inc. (SOAR) cash flow — operating, investing & free cash flow history
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|
| Cash from Operations | -1.22M | -21.43M | -30.39M | -16.92M | -16.92M |
| Operating CF Margin % | -115.27% | -22.16% | -85.44% | -36.55% | - |
| Operating CF Growth % | - | -1660.96% | -41.81% | 44.33% | 267.83% |
| Net Income | -381.89K | -9.37M | -52.82M | -40.65M | 9.3M |
| Depreciation & Amortization | 0 | 161K | 200K | 375K | 381K |
| Stock-Based Compensation | 0 | 17K | 176K | 211K | 745K |
| Deferred Taxes | 0 | -80K | 0 | 0 | 0 |
| Other Non-Cash Items | -1.18K | -493K | 13.2M | 6.22M | -8.73M |
| Working Capital Changes | -833.99K | -11.67M | 8.85M | 16.92M | -4.03M |
| Change in Receivables | 0 | -2.22M | 296K | 441K | -156K |
| Change in Inventory | 0 | -12.98M | 0 | 0 | 0 |
| Change in Payables | 0 | 2.22M | 2.45M | 2.63M | -1.32M |
| Cash from Investing | -281.52M | 5.14M | 1.78M | -115K | -9K |
| Capital Expenditures | 0 | -259K | -637K | -145K | -39K |
| CapEx % of Revenue | 0% | 0.27% | 1.79% | 0.31% | - |
| Acquisitions | 0 | 5.4M | 2.41M | 0 | 9K |
| Investments | - | - | - | - | - |
| Other Investing | 0 | -6.58M | 0 | 30K | 21K |
| Cash from Financing | 285.32M | 22.56M | 37.46M | 4.31M | 6.92M |
| Debt Issued (Net) | 0 | 22.52M | -6.03M | 4.22M | 6.93M |
| Equity Issued (Net) | 1000K | 0 | 1000K | 94K | -11K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 35K | 19.26M | 0 | 0 |
| Net Change in Cash | 2.58M▲ 0% | 6.27M▲ 143.1% | 8.84M▲ 41.0% | -12.72M▼ 243.9% | -1.25M▲ 0% |
| Free Cash Flow | -1.22M▲ 0% | -21.69M▼ 1682.2% | -31.03M▼ 43.1% | -17.06M▲ 45.0% | -8.23M▲ 0% |
| FCF Margin % | -115.27% | -22.43% | -87.23% | -36.86% | -15.78% |
| FCF Growth % | - | -1682.25% | -43.05% | 45.01% | 50.79% |
| FCF per Share | -0.88 | -24.06 | -25.44 | -10.25 | -10.25 |
| FCF Conversion (FCF/Net Income) | 0.83x | 2.29x | 0.58x | 0.42x | -0.88x |
| Interest Paid | 0 | 0 | 2.27M | 5.64M | 3.02M |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 |
SOAR Key Ratios
Volato Group, Inc. (SOAR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|
| Return on Equity (ROE) | -835.99% | -1163.22% | - | 226.58% |
| Return on Invested Capital (ROIC) | -44.95% | -13.79% | -31.55% | -31.55% |
| Gross Margin | 2.51% | 13.48% | 16.19% | 17.19% |
| Net Margin | -9.69% | -148.49% | -87.81% | 17.84% |
| Debt / Equity | - | 2.01x | - | 0.78x |
| Interest Coverage | -10.61x | -1.32x | -1.25x | -0.30x |
| FCF Conversion | 2.29x | 0.58x | 0.42x | -0.88x |
| Revenue Growth | 9059.07% | -63.22% | 30.12% | -30.56% |
SOAR Frequently Asked Questions
Volato Group, Inc. (SOAR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Volato Group, Inc. (SOAR) reported $52.1M in revenue for fiscal year 2024. This represents a 4838% increase from $1.1M in 2021.
Volato Group, Inc. (SOAR) grew revenue by 30.1% over the past year. This is strong growth.
Yes, Volato Group, Inc. (SOAR) is profitable, generating $9.3M in net income for fiscal year 2024 (-87.8% net margin).
Dividend & Returns
Volato Group, Inc. (SOAR) had negative free cash flow of $8.2M in fiscal year 2024, likely due to heavy capital investments.
Explore More SOAR
Volato Group, Inc. (SOAR) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
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Dividend History
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Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates