Volato Group, Inc. (SOAR) 10-Year Financial Performance & Capital Metrics

SOAR • • Industrial / General

IndustrialsAirlines & AirportsPrivate & Business AviationPrivate Jet Operators

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 Margin 16.19% +20.2%
EBITDA Margin -19.42% -60.8%
Operating Margin -20.23% -62.1%
Net Margin -87.81% +40.9%
ROE -
ROIC -31.55% -128.8%
Debt/Equity -
Interest Coverage -1.25 +5.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

✗Negative free cash flow
✗Weak momentum: RS Rating 3 (bottom 3%)
✗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

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y252.61%

TTM-30.56%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM114.91%

EPS CAGR

10Y-

5Y-

3Y-

TTM101.85%

ROCE

10Y Avg-130.76%

5Y Avg-130.76%

3Y Avg-165.1%

Latest-229.14%

Peer Comparison

Private Jet Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE
SOARVolato Group, Inc.	6.02M	0.61	-0.03	30.12%	17.84%	226.58%
UPWheels Up Experience Inc.	671.19M	0.93	-1.90	-36.8%	-46.59%
FLYXflyExclusive, Inc.	125.07M	3.74	-3.50	3.78%	-5.04%	-178.16%

Profit & Loss

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.06M	96.71M	35.57M	46.29M
Revenue Growth %	-	90.59%	-0.63%	0.3%
Cost of Goods Sold+	853.29K	94.28M	30.78M	38.79M
COGS % of Revenue	0.81%	0.97%	0.87%	0.84%
Gross Profit+	202.56K	2.43M	4.79M	7.5M
Gross Margin %	0.19%	0.03%	0.13%	0.16%
Gross Profit Growth %	-	10.98%	0.98%	0.56%
Operating Expenses+	2.4M	11.61M	9.23M	16.86M
OpEx % of Revenue	2.27%	0.12%	0.26%	0.36%
Selling, General & Admin	2.37M	11.61M	9.23M	16.86M
SG&A % of Revenue	2.25%	0.12%	0.26%	0.36%
Research & Development	0	0	56K	97K
R&D % of Revenue	-	-	0%	0%
Other Operating Expenses	26.24K	0	-57K	-97K
Operating Income+	-2.19M	-9.19M	-4.44M	-9.37M
Operating Margin %	-2.08%	-0.09%	-0.12%	-0.2%
Operating Income Growth %	-	-3.18%	0.52%	-1.11%
EBITDA+	-2.17M	-9.02M	-4.3M	-8.99M
EBITDA Margin %	-2.05%	-0.09%	-0.12%	-0.19%
EBITDA Growth %	-	-3.16%	0.52%	-1.09%
D&A (Non-Cash Add-back)	26.24K	162K	144K	375K
EBIT	-1.45M	-8.59M	-4.44M	-14.94M
Net Interest Income+	-57.91K	-866K	-3.36M	-7.49M
Interest Income	0	0	0	0
Interest Expense	57.91K	866K	3.36M	7.49M
Other Income/Expense	687.7K	-270K	-16.19M	-13.07M
Pretax Income+	-1.51M	-9.46M	-20.63M	-22.43M
Pretax Margin %	-1.43%	-0.1%	-0.58%	-0.48%
Income Tax+	0	-55K	2K	-507K
Effective Tax Rate %	0.98%	0.99%	2.56%	1.81%
Net Income+	-1.47M	-9.37M	-52.82M	-40.65M
Net Margin %	-1.4%	-0.1%	-1.48%	-0.88%
Net Income Growth %	-	-5.36%	-4.64%	0.23%
Net Income (Continuing)	-1.51M	-9.4M	-20.64M	-21.93M
Discontinued Operations	0	0	-32.19M	-18.72M
Minority Interest	4.3M	0	0	0
EPS (Diluted)+	-0.28	-10.39	-43.31	-24.42
EPS Growth %	-	-36.54%	-3.17%	0.44%
EPS (Basic)	-0.28	-10.39	-43.31	-24.42
Diluted Shares Outstanding	1.38M	901.51K	1.22M	1.66M
Basic Shares Outstanding	1.38M	901.51K	1.22M	1.66M
Dividend Payout Ratio	-	-	-	-

Balance Sheet

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	4.11M	10.7M	46.5M	43.31M
Cash & Short-Term Investments	1.61M	5.78M	14.49M	2.16M
Cash Only	1.61M	5.78M	14.49M	2.16M
Short-Term Investments	0	0	0	0
Accounts Receivable	422.79K	1.88M	2.99M	2K
Days Sales Outstanding	146.15	7.1	30.68	0.02
Inventory	0	0	0	0
Days Inventory Outstanding	-	-	-	-
Other Current Assets	1.5M	833K	25.13M	5.15M
Total Non-Current Assets+	10.88M	19.56M	25.21M	2.98M
Property, Plant & Equipment	10.5M	1.92M	2.12M	850K
Fixed Asset Turnover	0.10x	50.32x	16.75x	54.46x
Goodwill	0	635K	635K	635K
Intangible Assets	163K	1.61M	1.39M	1.2M
Long-Term Investments	163K	1.16M	154K	0
Other Non-Current Assets	57.73K	2.1M	20.91M	300K
Total Assets+	14.99M	30.26M	71.71M	46.3M
Asset Turnover	0.07x	3.20x	0.50x	1.00x
Asset Growth %	-	1.02%	1.37%	-0.35%
Total Current Liabilities+	7.08M	30.16M	47.64M	62.2M
Accounts Payable	519.24K	3.66M	9.86M	5.71M
Days Payables Outstanding	222.11	14.18	116.97	53.73
Short-Term Debt	6M	24.05M	20.34M	32.91M
Deferred Revenue (Current)	0	1000K	0	1000K
Other Current Liabilities	546K	0	17.11M	12.01M
Current Ratio	0.58x	0.35x	0.98x	0.70x
Quick Ratio	0.58x	0.35x	0.98x	0.70x
Cash Conversion Cycle	-	-	-	-
Total Non-Current Liabilities+	1	5.77M	9.32M	433K
Long-Term Debt	0	4.17M	8.05M	0
Capital Lease Obligations	0	1.29M	965K	128K
Deferred Tax Liabilities	0	305K	305K	305K
Other Non-Current Liabilities	1	0	0	0
Total Liabilities	7.08M	35.93M	56.96M	62.63M
Total Debt+	6M	29.8M	29.68M	33.07M
Net Debt	4.39M	24.02M	15.2M	30.91M
Debt / Equity	0.76x	-	2.01x	-
Debt / EBITDA	-	-	-	-
Net Debt / EBITDA	-	-	-	-
Interest Coverage	-37.90x	-10.61x	-1.32x	-1.25x
Total Equity+	7.91M	-5.67M	14.75M	-16.33M
Equity Growth %	-	-1.72%	3.6%	-2.11%
Book Value per Share	5.73	-6.29	12.09	-9.81
Total Shareholders' Equity	3.61M	-5.67M	14.75M	-16.33M
Common Stock	7.12K	1K	3K	5K
Retained Earnings	-1.47M	-10.84M	-63.66M	-104.31M
Treasury Stock	0	0	0	0
Accumulated OCI	-50K	0	0	0
Minority Interest	4.3M	0	0	0

Cash Flow

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-1.22M	-21.43M	-30.39M	-16.92M
Operating CF Margin %	-1.15%	-0.22%	-0.85%	-0.37%
Operating CF Growth %	-	-16.61%	-0.42%	0.44%
Net Income	-381.89K	-9.37M	-52.82M	-40.65M
Depreciation & Amortization	0	161K	200K	375K
Stock-Based Compensation	0	17K	176K	211K
Deferred Taxes	0	-80K	0	0
Other Non-Cash Items	-1.18K	-493K	13.2M	6.22M
Working Capital Changes	-833.99K	-11.67M	8.85M	16.92M
Change in Receivables	0	-2.22M	296K	441K
Change in Inventory	0	-12.98M	0	0
Change in Payables	0	2.22M	2.45M	2.63M
Cash from Investing+	-281.52M	5.14M	1.78M	-115K
Capital Expenditures	0	-259K	-637K	-145K
CapEx % of Revenue	0%	0%	0.02%	0%
Acquisitions	-	-	-	-
Investments	-	-	-	-
Other Investing	0	-6.58M	0	30K
Cash from Financing+	285.32M	22.56M	37.46M	4.31M
Debt Issued (Net)	-	-	-	-
Equity Issued (Net)	-	-	-	-
Dividends Paid	0	0	0	0
Share Repurchases	-	-	-	-
Other Financing	0	35K	19.26M	0
Net Change in Cash	-	-	-	-
Free Cash Flow+	-1.22M	-21.69M	-31.03M	-17.06M
FCF Margin %	-1.15%	-0.22%	-0.87%	-0.37%
FCF Growth %	-	-16.82%	-0.43%	0.45%
FCF per Share	-0.88	-24.06	-25.44	-10.25
FCF Conversion (FCF/Net Income)	0.83x	2.29x	0.58x	0.42x
Interest Paid	0	0	2.27M	5.64M
Taxes Paid	0	0	0	0

Key Ratios

Metric	2021	2022	2023	2024
Return on Equity (ROE)	-18.63%	-835.99%	-1163.22%	-
Return on Invested Capital (ROIC)	-	-44.95%	-13.79%	-31.55%
Gross Margin	19.18%	2.51%	13.48%	16.19%
Net Margin	-139.54%	-9.69%	-148.49%	-87.81%
Debt / Equity	0.76x	-	2.01x	-
Interest Coverage	-37.90x	-10.61x	-1.32x	-1.25x
FCF Conversion	0.83x	2.29x	0.58x	0.42x
Revenue Growth	-	9059.07%	-63.22%	30.12%

Frequently Asked Questions

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.

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