Volato Group Inc-A Financials
This page shows Volato Group Inc-A (soar) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Volato Group Inc-A has an operating margin of -20.2%, meaning the company retains $-20 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -12.5% the prior year.
Volato Group Inc-A's revenue surged 30.1% year-over-year to $46.3M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Volato Group Inc-A's current ratio of 0.70 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 8/100, which could limit financial flexibility.
While Volato Group Inc-A generated -$16.9M in operating cash flow, capex of $145K consumed most of it, leaving -$17.1M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Volato Group Inc-A passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Volato Group Inc-A generates $0.42 in operating cash flow (-$16.9M OCF vs -$40.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Volato Group Inc-A generated $46.3M in revenue in fiscal year 2024. This represents an increase of 30.1% from the prior year.
Volato Group Inc-A's EBITDA was -$9.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 112.8% from the prior year.
Volato Group Inc-A generated -$17.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 45.0% from the prior year.
Volato Group Inc-A reported -$40.6M in net income in fiscal year 2024. This represents an increase of 23.1% from the prior year.
Volato Group Inc-A earned $-24.42 per diluted share (EPS) in fiscal year 2024. This represents an increase of 71.8% from the prior year.
Volato Group Inc-A held $4.0M in cash against $0 in long-term debt as of fiscal year 2024.
Volato Group Inc-A had 2M shares outstanding in fiscal year 2024. This represents an increase of 64.4% from the prior year.
Volato Group Inc-A's gross margin was 16.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 2.7 percentage points from the prior year.
Volato Group Inc-A's operating margin was -20.2% in fiscal year 2024, reflecting core business profitability. This is down 7.8 percentage points from the prior year.
Volato Group Inc-A's net profit margin was -87.8% in fiscal year 2024, showing the share of revenue converted to profit. This is up 60.7 percentage points from the prior year.
Volato Group Inc-A invested $145K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 77.2% from the prior year.
soar Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $381K-98.5% | $24.9M-2.5% | $25.5M+235.6% | $7.6M+4095.0% | $181K+277.1% | $48K-98.5% | $3.2M-11.4% | $3.7M |
| Cost of Revenue | $123K-99.4% | $21.1M+0.5% | $21.0M+216.3% | $6.6M+19414.7% | $34K-34.6% | $52K+100.9% | -$6.1M-282.4% | $3.3M |
| Gross Profit | $258K-93.2% | $3.8M-16.2% | $4.5M+369.3% | $958K+551.7% | $147K+3775.0% | -$4K-100.0% | $9.3M+2822.3% | $319K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $2.8M-2.5% | $2.9M+47.0% | $2.0M-55.9% | $4.5M+17.7% | $3.8M-12.3% | $4.3M+182.3% | -$5.3M-344.6% | $2.2M |
| Operating Income | -$2.6M-394.0% | $872K-65.5% | $2.5M+171.9% | -$3.5M+3.8% | -$3.7M+15.8% | -$4.3M-129.7% | $14.6M+895.8% | -$1.8M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $272K+43.9% | $189K+92.9% | $98K+118.4% | -$533K-6022.2% | $9K+50.0% | $6K+200.0% | $2K | $0 |
| Net Income | $7.1M+98.4% | $3.6M+691.6% | $455K+123.9% | -$1.9M+88.8% | -$16.9M+2.7% | -$17.4M+26.4% | -$23.6M-99.7% | -$11.8M |
| EPS (Diluted) | $1.26+68.0% | $0.75+2400.0% | $0.03-99.7% | $8.68+160.2% | $-14.41+3.5% | $-14.93+82.3% | $-84.38-11784.5% | $-0.71 |
soar Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $13.6M+4.2% | $13.0M-44.3% | $23.4M-49.4% | $46.3M-29.1% | $65.3M-4.2% | $68.2M-4.9% | $71.7M+1.8% | $70.4M |
| Current Assets | $11.3M+6.1% | $10.7M-48.9% | $20.9M-51.7% | $43.3M-29.0% | $61.0M+54.3% | $39.6M-14.9% | $46.5M+7486.3% | $613K |
| Cash & Equivalents | $4.3M-7.6% | $4.7M+82.7% | $2.6M-35.6% | $4.0M-44.8% | $7.2M-12.5% | $8.3M-50.4% | $16.7M+64.7% | $10.2M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $64K+100.0% | $32K+3100.0% | $1K-50.0% | $2K-99.9% | $2.0M-16.2% | $2.4M+453.4% | $442K | N/A |
| Goodwill | N/A | N/A | N/A | $635K0.0% | $635K0.0% | $635K0.0% | $635K | N/A |
| Total Liabilities | $9.5M-52.8% | $20.1M-48.7% | $39.2M-37.3% | $62.6M-22.0% | $80.3M+20.8% | $66.5M+16.7% | $57.0M-45.9% | $105.2M |
| Current Liabilities | $9.4M-53.1% | $20.0M-48.9% | $39.1M-37.1% | $62.2M-21.5% | $79.2M+54.6% | $51.3M+7.6% | $47.6M+762.2% | $5.5M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $4.1M+158.1% | -$7.1M+55.4% | -$15.8M+3.1% | -$16.3M-8.9% | -$15.0M-985.7% | $1.7M-88.5% | $14.8M+142.4% | -$34.8M |
| Retained Earnings | -$93.1M+7.1% | -$100.3M+3.5% | -$103.9M+0.4% | -$104.3M-6.5% | -$98.0M-20.9% | -$81.1M-27.3% | -$63.7M-1362.2% | -$4.4M |
soar Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$3.0M-451.2% | $848K+371.8% | -$312K+95.1% | -$6.4M-2047.9% | $330K+104.3% | -$7.7M-22.7% | -$6.3M+42.2% | -$10.9M |
| Capital Expenditures | $69K | $0 | $0-100.0% | $3K-94.4% | $54K-3.6% | $56K+130.4% | -$184K-168.4% | $269K |
| Free Cash Flow | -$3.0M-459.3% | $848K+371.8% | -$312K+95.1% | -$6.4M-2430.1% | $276K+103.6% | -$7.8M-20.1% | -$6.5M+42.0% | -$11.1M |
| Investing Cash Flow | -$69K-866.7% | $9K-57.1% | $21K-30.0% | $30K+152.6% | -$57K-1.8% | -$56K-116.5% | $340K+226.4% | -$269K |
| Financing Cash Flow | $2.7M+111.1% | $1.3M+212.4% | -$1.1M-123.6% | $4.8M+465.9% | -$1.3M-91.9% | -$683K-105.5% | $12.5M-9.4% | $13.8M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
soar Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 67.7%+52.6pp | 15.2%-2.5pp | 17.6%+5.0pp | 12.6%-68.6pp | 81.2%+89.6pp | -8.3% | N/A | 8.7% |
| Operating Margin | -673.0%-676.5pp | 3.5%-6.4pp | 9.9%+56.2pp | -46.3%+1970.9pp | -2017.1%+7012.0pp | -9029.2%-9479.5pp | 450.4%+500.5pp | -50.2% |
| Net Margin | 1875.3%+1860.8pp | 14.5%+12.7pp | 1.8%+26.8pp | -25.1%+9321.9pp | -9347.0%+26882.2pp | -36229.2%-35499.9pp | -729.2%-405.6pp | -323.6% |
| Return on Equity | 174.1% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 52.6%+25.0pp | 27.6%+25.7pp | 1.9%+6.0pp | -4.1%+21.8pp | -25.9%-0.4pp | -25.5%+7.4pp | -32.9%-16.2pp | -16.8% |
| Current Ratio | 1.21+0.7 | 0.530.0 | 0.53-0.2 | 0.70-0.1 | 0.770.0 | 0.77-0.2 | 0.98+0.9 | 0.11 |
| Debt-to-Equity | 2.31+5.2 | -2.85-0.4 | -2.48+1.4 | -3.83+1.5 | -5.35-44.6 | 39.24+35.4 | 3.86+6.9 | -3.03 |
| FCF Margin | -799.7%-803.1pp | 3.4%+4.6pp | -1.2%+83.5pp | -84.7%-237.2pp | 152.5%+16304.6pp | -16152.1%-15952.7pp | -199.4%+105.3pp | -304.6% |
Note: Shareholder equity is negative (-$16.3M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.70), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Volato Group Inc-A's annual revenue?
Volato Group Inc-A (soar) reported $46.3M in total revenue for fiscal year 2024. This represents a 30.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Volato Group Inc-A's revenue growing?
Volato Group Inc-A (soar) revenue grew by 30.1% year-over-year, from $35.6M to $46.3M in fiscal year 2024.
Is Volato Group Inc-A profitable?
No, Volato Group Inc-A (soar) reported a net income of -$40.6M in fiscal year 2024, with a net profit margin of -87.8%.
What is Volato Group Inc-A's earnings per share (EPS)?
Volato Group Inc-A (soar) reported diluted earnings per share of $-24.42 for fiscal year 2024. This represents a 71.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Volato Group Inc-A's EBITDA?
Volato Group Inc-A (soar) had EBITDA of -$9.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Volato Group Inc-A's gross margin?
Volato Group Inc-A (soar) had a gross margin of 16.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Volato Group Inc-A's operating margin?
Volato Group Inc-A (soar) had an operating margin of -20.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Volato Group Inc-A's net profit margin?
Volato Group Inc-A (soar) had a net profit margin of -87.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Volato Group Inc-A's free cash flow?
Volato Group Inc-A (soar) generated -$17.1M in free cash flow during fiscal year 2024. This represents a 45.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Volato Group Inc-A's operating cash flow?
Volato Group Inc-A (soar) generated -$16.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Volato Group Inc-A's total assets?
Volato Group Inc-A (soar) had $46.3M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Volato Group Inc-A's capital expenditures?
Volato Group Inc-A (soar) invested $145K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Volato Group Inc-A have outstanding?
Volato Group Inc-A (soar) had 2M shares outstanding as of fiscal year 2024.
What is Volato Group Inc-A's current ratio?
Volato Group Inc-A (soar) had a current ratio of 0.70 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Volato Group Inc-A's debt-to-equity ratio?
Volato Group Inc-A (soar) had a debt-to-equity ratio of -3.83 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Volato Group Inc-A's return on assets (ROA)?
Volato Group Inc-A (soar) had a return on assets of -87.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Volato Group Inc-A's cash runway?
Based on fiscal year 2024 data, Volato Group Inc-A (soar) had $4.0M in cash against an annual operating cash burn of $16.9M. This gives an estimated cash runway of approximately 3 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Volato Group Inc-A's debt-to-equity ratio negative or unusual?
Volato Group Inc-A (soar) has negative shareholder equity of -$16.3M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Volato Group Inc-A's Piotroski F-Score?
Volato Group Inc-A (soar) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Volato Group Inc-A's earnings high quality?
Volato Group Inc-A (soar) has an earnings quality ratio of 0.42x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Volato Group Inc-A?
Volato Group Inc-A (soar) scores 27 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.