VOLATO GROUP, INC. WTS (SOARW) Financials
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SOARW SEC filings page.
VOLATO GROUP, INC. WTS (SOARW) reported $30.2M in revenue over the twelve months to Jun 30, 2026, down 66.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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).
Volato shifted to positive cash generation in FY2025, but liabilities still exceed a much smaller asset base.
In FY2025, net income of$5.2M converted into operating cash flow of$3.5M , indicating the reported turnaround was not purely accounting-driven. Free cash flow reached$3.3M , while FY2024's net loss was accompanied by operating cash flow of-$16.9M , marking a meaningful improvement in earnings quality.
Revenue roughly doubled in FY2025, while gross margin widened from
Despite profitability, FY2025 ended with total liabilities of
Financial Health Signals
VOLATO GROUP, INC. WTS does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
VOLATO GROUP, INC. WTS passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, VOLATO GROUP, INC. WTS generates $0.68 in operating cash flow ($3.5M OCF vs $5.2M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
VOLATO GROUP, INC. WTS earns $6.18 in operating income for every $1 of interest expense ($4.0M vs $641K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
VOLATO GROUP, INC. WTS generated $965K in revenue in Q2 2026. This represents a decrease of 96.1% from the same quarter a year earlier. Against the prior quarter it is down 3.2%.
VOLATO GROUP, INC. WTS's EBITDA was -$2.5M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 356.9% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
VOLATO GROUP, INC. WTS reported a net loss of $2.1M in Q2 2026. This represents a decrease of 156.9% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cash & Balance Sheet
VOLATO GROUP, INC. WTS recorded an outflow of $462K in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 154.5% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
VOLATO GROUP, INC. WTS held $0 in cash as of Q2 2026; no long-term debt figure is on record for that period.
Not reported for Q2 2026.
Margins & Returns
VOLATO GROUP, INC. WTS's gross margin was 69.7% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 54.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.8 percentage points.
VOLATO GROUP, INC. WTS's quarterly ROE was -59.2% in Q2 2026: one quarter's net income over shareholder equity, not annualized.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
VOLATO GROUP, INC. WTS invested $180K in capex in Q2 2026, funding long-term assets and infrastructure. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. Against the prior quarter it is up 2.3%.
Not reported for Q2 2026.
Not reported for Q2 2026.
SOARW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'25S-4/A | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'24S-4/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $965K-96.1% | $997K-96.1% | $27.8M+7444.7% | $381K-99.0% | $24.9M+13632.0% | $25.5M+52989.6% | $369K-88.6% | $38.5M+952.7% |
| Cost of Revenue | $292K-98.6% | $294K-98.6% | $21.7M+90204.2% | $123K-99.6% | $21.1M+61923.5% | $21.0M+40259.6% | $24Kn/m | $32.1M+861.6% |
| Gross Profit | $673K-82.1% | $703K-84.4% | $6.2M+1687.5% | $258K-96.0% | $3.8M+2462.6% | $4.5Mn/m | $345K-96.3% | $6.4M+1904.7% |
| SG&A Expenses | $3.2M+10.3% | $3.0M+54.8% | $3.0M-2.4% | $2.8M-33.8% | $2.9M-23.8% | $2.0M-54.5% | $3.1Mn/m | $4.3M+98.0% |
| Operating Income | -$2.5M-389.0% | -$2.3M-192.9% | $3.1Mn/m | -$2.6M-220.2% | $872Kn/m | $2.5Mn/m | -$2.8M-119.0% | $2.1Mn/m |
| EBITDA | -$2.5M-356.9% | -$2.3M-187.7% | $3.2Mn/m | -$2.5M-212.5% | $957Kn/m | $2.6Mn/m | -$2.7M-118.2% | $2.2Mn/m |
| Interest Expense | $0n/m | $0-100.0% | $0-100.0% | $0-100.0% | $0-100.0% | $641K-41.7% | $900K-4.7% | $1.0M+64.7% |
| Income Tax | N/A | N/A | $478Kn/m | $272K+2372.7% | $189K+2000.0% | $98K+1533.3% | -$533K-26750.0% | $11Kn/m |
| Net Income | -$2.1M-156.9% | -$2.6M-678.9% | -$6.0Mn/m | $7.1Mn/m | $3.6Mn/m | $455Kn/m | -$1.9Mn/m | -$4.4Mn/m |
| EPS (Basic) | -$0.06 | -$0.18-175.0% | -$1.42-116.8% | $1.42 | $1.39 | $0.24 | $8.47n/m | -$3.76 |
| EPS (Diluted) | -$0.06 | -$0.18-700.0% | -$1.28-115.1% | $1.26 | $0.75 | $0.03 | $8.47n/m | -$3.76 |
| Diluted Shares (Avg) | 35M | 15M+4.8% | N/A | 6M | 5M | 14M | N/A | 1M |
Not reported in any period shown, so not listed: R&D Expenses.
SOARW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'25S-4/A | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'24S-4/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $13.5M+3.7% | $7.9M-66.2% | $12.0M-74.2% | $13.6M-71.6% | $13.0M-80.0% | $23.4M-65.7% | $46.3M-35.4% | $47.9M-32.0% |
| Current Assets | $11.2M+4.4% | $5.7M-72.6% | $9.8M-77.4% | $11.3M-74.1% | $10.7M-82.5% | $20.9M-47.1% | $43.3M-6.8% | $43.8M+7049.7% |
| Cash & Equivalents | $0-100.0% | $0-100.0% | $0-100.0% | $4.3M-22.3% | $4.7M-35.1% | $2.6M-68.9% | $4.0M-76.1% | $5.6M-44.8% |
| Short-Term Investments | N/A | N/A | N/A | N/A | $0n/m | $0n/m | N/A | $0n/m |
| Accounts Receivable | $12K-62.5% | $31K+3000.0% | $101K+4950.0% | $64K-45.8% | $32K-98.4% | $1K-100.0% | $2K-99.5% | $118K |
| Long-Term Investments | $1.9Mn/m | N/A | $1.9M | N/A | $0n/m | $0n/m | N/A | $0n/m |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | $635K0.0% | $635K |
| Total Liabilities | $10.1M-49.9% | $8.4M-78.7% | $13.8M-78.0% | $9.5M-86.0% | $20.1M-75.0% | $39.2M-41.0% | $62.6M+10.0% | $67.6M-35.8% |
| Current Liabilities | $10.0M-50.0% | $8.3M-78.8% | $13.7M-77.9% | $9.4M-85.9% | $20.0M-74.8% | $39.1M-23.7% | $62.2M+30.6% | $66.4M+1101.9% |
| Non-Current Liabilities | $61K-43.0% | $73K-38.1% | $85K-80.4% | $96K-91.7% | $107K-90.2% | $118K-99.2% | $433K-95.4% | $1.2M-98.8% |
| Total Equity | $3.5Mn/m | -$446Kn/m | -$1.8Mn/m | $4.1Mn/m | -$7.1Mn/m | -$15.8M-1034.7% | -$16.3M-210.7% | -$19.6Mn/m |
| Retained Earnings | -$105.5Mn/m | -$103.4Mn/m | -$100.8Mn/m | -$93.1Mn/m | -$100.3Mn/m | -$103.9Mn/m | -$104.3Mn/m | -$102.4Mn/m |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
SOARW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'25S-4/A | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'24S-4/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$282K-133.3% | -$2.6Mn/m | $5.9Mn/m | -$3.0Mn/m | $848K+157.0% | -$312Kn/m | -$6.4Mn/m | -$3.1Mn/m |
| Depreciation & Amortization | $61K-28.2% | $58K-31.8% | $53K-63.4% | $75K-6.3% | $85K+6.3% | $85K+30.8% | $145Kn/m | $80K-18.4% |
| Stock-Based Compensation | N/A | $30K-34.8% | N/A | $0n/m | $0n/m | $46K-44.6% | N/A | $0 |
| Capital Expenditures | $180Kn/m | $176Kn/m | $142K+4633.3% | $69K+115.6% | $0-100.0% | $0-100.0% | $3K-98.4% | $32K-88.1% |
| Free Cash Flow | -$462K-154.5% | -$2.7Mn/m | $5.8Mn/m | -$3.0Mn/m | $848K+207.2% | -$312Kn/m | -$6.4Mn/m | -$3.2Mn/m |
| Investing Cash Flow | -$180K-2100.0% | -$176K-938.1% | -$8.0M-26890.0% | -$69Kn/m | $9Kn/m | $21Kn/m | $30K-91.2% | -$32Kn/m |
| Financing Cash Flow | $7.0M+449.4% | -$46Kn/m | $2.5M-48.9% | $2.7M+78.4% | $1.3Mn/m | -$1.1Mn/m | $4.8M-61.6% | $1.5M-89.1% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
SOARW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'25S-4/A | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'24S-4/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 69.7%+54.6pp | 70.5%+52.9pp | 22.1%-71.4pp | 67.7%+51.1pp | 15.2%-66.1pp | 17.6%+26.0pp | 93.5% | 16.6%+7.9pp |
| Operating Margin | -261.1% | -235.4% | 11.2% | -673.0% | 3.5% | 9.9% | -750.9% | 5.5%+55.7pp |
| Net Margin | -212.5% | -264.2% | -21.7% | 1875.3% | 14.5% | 1.8% | -515.4% | -11.5% |
| Return on Equity | -59.2% | N/A | N/A | 174.1% | N/A | N/A | N/A | N/A |
| Return on Assets | -15.2%-42.8pp | -33.3%-35.3pp | -50.4%-46.3pp | 52.6%+61.8pp | 27.6%+53.5pp | 1.9%+27.4pp | -4.1%+28.8pp | -9.3%+7.5pp |
| Current Ratio | 1.11+0.6x | 0.69+0.2x | 0.720.0x | 1.21+0.5x | 0.53-0.2x | 0.53-0.2x | 0.70-0.3x | 0.66+0.5x |
| Liabilities-to-Equity | 2.91 | N/A | N/A | 2.31 | N/A | N/A | N/A | N/A |
| Asset Turnover | 0.07-1.8x | 0.13-1.0x | 2.33+2.3x | 0.03-0.8x | 1.90+1.9x | 1.09+1.1x | 0.010.0x | 0.80+0.8x |
| FCF Margin | -47.9%-51.3pp | -275.7% | 20.8% | -799.7% | 3.4% | -1.2% | -1742.8% | -8.2% |
Not reported in any period shown, so not listed: Debt-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Note: Shareholder equity is negative (-$1.8M), which causes the debt-to-equity, liabilities-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 (0.72), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where VOLATO GROUP, INC. WTS Ranks
Frequently Asked Questions
What is VOLATO GROUP, INC. WTS's annual revenue?
VOLATO GROUP, INC. WTS (SOARW) reported $78.6M in total revenue for fiscal year 2025. This represents a 101.1% 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. WTS's revenue growing?
VOLATO GROUP, INC. WTS (SOARW) revenue grew by 101.1% year-over-year, from $39.1M to $78.6M in fiscal year 2025.
Is VOLATO GROUP, INC. WTS profitable?
No, VOLATO GROUP, INC. WTS (SOARW) reported a net loss of $3.6M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net income of $5.2M, with a net profit margin of 6.6%.
What is VOLATO GROUP, INC. WTS's EBITDA?
VOLATO GROUP, INC. WTS (SOARW) had EBITDA of $4.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is VOLATO GROUP, INC. WTS's gross margin?
VOLATO GROUP, INC. WTS (SOARW) had a gross margin of 18.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is VOLATO GROUP, INC. WTS's operating margin?
VOLATO GROUP, INC. WTS (SOARW) had an operating margin of 5.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is VOLATO GROUP, INC. WTS's net profit margin?
VOLATO GROUP, INC. WTS (SOARW) had a net profit margin of 6.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is VOLATO GROUP, INC. WTS's free cash flow?
VOLATO GROUP, INC. WTS (SOARW) generated $3.3M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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. WTS's operating cash flow?
VOLATO GROUP, INC. WTS (SOARW) generated $3.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are VOLATO GROUP, INC. WTS's total assets?
VOLATO GROUP, INC. WTS (SOARW) had $12.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What are VOLATO GROUP, INC. WTS's capital expenditures?
VOLATO GROUP, INC. WTS (SOARW) invested $211K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is VOLATO GROUP, INC. WTS's current ratio?
VOLATO GROUP, INC. WTS (SOARW) had a current ratio of 0.72 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is VOLATO GROUP, INC. WTS's return on assets (ROA)?
VOLATO GROUP, INC. WTS (SOARW) had a return on assets of 43.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Why is VOLATO GROUP, INC. WTS's debt-to-equity ratio negative or not reported?
VOLATO GROUP, INC. WTS (SOARW) has negative shareholder equity of -$1.8M as of fiscal year 2025, so no debt-to-equity or liabilities-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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. WTS's Piotroski F-Score?
VOLATO GROUP, INC. WTS (SOARW) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are VOLATO GROUP, INC. WTS's earnings high quality?
VOLATO GROUP, INC. WTS (SOARW) has an earnings quality ratio of 0.68x, considered mixed quality. 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.
Can VOLATO GROUP, INC. WTS cover its interest payments?
VOLATO GROUP, INC. WTS (SOARW) has an interest coverage ratio of 6.18x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.