Here are the 10-K annual reports from SOAR AI, Inc. (SOAR) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow SOAR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SOAR filings page.
Volato Group, Inc. filed Amendment No. 1 to its Annual Report for the year ended December 31, 2025 to add the previously omitted Part III information, including details on directors, executive officers, governance, compensation and equity plans.
The amendment does not update financial statements or other sections of the original filing and is primarily an administrative update. It confirms executive and director bios, independence determinations, committee structures, insider trading and clawback policies, and summarizes the company’s 2021, 2023 and 2025 stock incentive plans.
Volato Group, Inc. files its annual report describing a small, early-stage aviation technology and enterprise AI business facing significant financial risk. The company has a limited operating history, recurring net losses, and its auditor raised substantial doubt about its ability to continue as a going concern due to ongoing cash needs and dependence on new capital.
Volato has shifted from owning and operating aircraft to a software-led model. Its Vaunt empty-leg platform has over 190,000 app downloads, completed 1,145 flights in 2025, and generated more than $1.5 million in annual recurring revenue. The Mission Control operations platform is now commercialized with flyExclusive as a flagship third-party user.
The Parslee enterprise AI platform for Microsoft 365 entered its first paying pilot programs in the third quarter of 2025, but remains in beta. Volato sold its GC Aviation subsidiary for $2.0 million, monetized intellectual property and G280-related rights through equity and cash arrangements with flyExclusive, and continues to rely on third-party operators for flights.
Volato agreed to merge with M2i Global, Inc., with M2i stockholders expected to own about 85% of the combined company if the deal closes, expanding into critical minerals software. The company also has up to $36 million of 10% original-issue-discount convertible notes outstanding or available, which can convert into common shares at discounted prices and significantly dilute existing holders.
As of June 30, 2025, non‑affiliate common equity had an aggregate market value of $4,627,542 based on NYSE American pricing, and as of March 6, 2026 there were 16,242,827 common shares outstanding. Management highlights numerous risks, including capital needs, dependence on flyExclusive and AI vendors, NYSE American listing compliance, technology and cybersecurity exposure, privacy and TCPA obligations, and potential dilution from future equity issuances.