Volato Group, Inc.
Business
Volato Group, Inc. is an aviation technology company that develops proprietary software platforms and operates a private aviation marketplace. The company offers Mission Control, a cloud-based flight management system for Part 135 operators; Vaunt, a consumer platform connecting travelers to empty-leg private flights via subscription; and Parslee, an enterprise AI platform for Microsoft 365 workflow automation. Volato generates revenue through software subscriptions, platform take rates, and aircraft sales, while partnering with operators like flyExclusive for fleet management. The company pursues growth in private aviation software and has announced a proposed merger into the critical minerals supply-chain sector.
Summary from 10-K filed 2026-03-12
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Revenue | 79 | 39 | 36 | 97 | |
| Cost of revenue | 64 | 32 | 31 | 94 | |
| Selling, general and administrative | 11 | 16 | 9 | 12 | |
| Total costs and expenses | 75 | 48 | 40 | 106 | |
| Operating income (loss) | 4 | −9 | −4 | −9 | |
| Other income, net | 10 | 212,000 | — | — | |
| Other expense | −6 | 0 | — | — | |
| Loss from change in fair value of financial instruments | −2 | −3 | — | — | |
| Loss on extinguishment of debt | 0 | −3 | 0 | — | |
| Interest expense, net | −5 | −7 | −3 | −866,000 | |
| Other income (expenses), net | −3 | −13 | −16 | −270,000 | |
| Income (loss) before provision for income taxes and discontinued operations | 1 | −22 | −21 | −9 | |
| Provision for (benefit from) incomes taxes | 207,000 | −507,000 | 2,000 | −55,000 | |
| Net income (loss) from continuing operations | 854,000 | −21 | −21 | — | |
| Net income (loss) from discontinued operations, net of taxes | 4 | −19 | −32 | — | |
| Net income (loss) | 5 | −41 | −53 | −9 | |
| Net income (loss) per share from continuing operations, basic (in dollars per share) | 0.19 | −12.73 | −33.84 | — | |
| Net income (loss) per share from continuing operations, diluted (in dollars per share) | 0.19 | −12.73 | −33.84 | — | |
| Net income (loss) per share from discontinued operations, basic (in dollars per share) | 0.98 | −11.69 | −52.78 | — | |
| Net income (loss) per share from discontinued operations, diluted (in dollars per share) | 0.98 | −11.69 | −52.78 | — | |
| Net income (loss) per share, basic (in dollars per share) | 1.18 | −24.42 | −86.62 | −0.83 | |
| Net income (loss) per share, diluted (in dollars per share) | 1.18 | −24.42 | −86.62 | −0.83 | |
| Weighted average common share outstanding, basic (in shares) | 4 | 2 | 609,800 | 11 | |
| Weighted average common share outstanding, diluted (in shares) | 4 | 2 | 609,800 | 11 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2022 2022-09-30 |
|---|---|---|---|---|---|---|
| Cash | 5 | 2 | 14 | 6 | — | |
| Restricted cash | 0 | 2 | 0 | — | — | |
| Accounts receivable, net | 101,000 | 2,000 | 442,000 | 2 | — | |
| Contract assets, net | 636,000 | 0 | — | — | — | |
| Deposits | 70,000 | 36 | 25 | 833,000 | — | |
| Note receivable, current | 206,000 | 0 | — | — | — | |
| Aviation asset option | 324,000 | 0 | — | — | — | |
| Prepaid expenses and other current assets | 572,000 | 1 | 2 | 2 | — | |
| Current assets - discontinued operations | 267,000 | 2 | 5 | — | — | |
| Total current assets | 10 | 43 | 46 | 11 | 2 | |
| Property and equipment, net | 323,000 | 680,000 | 846,000 | 348,000 | — | |
| Operating lease, right-of-use assets | 128,000 | 167,000 | 0 | 2 | — | |
| Deposits | 0 | 300,000 | 15 | 12 | — | |
| Note receivable, non-current | 2 | 0 | — | — | — | |
| Non-current assets - discontinued operations | 0 | 2 | 2 | — | — | |
| Total assets | 12 | 46 | 72 | 30 | 285 | |
| Accounts payable and accrued liabilities | 3 | 5 | 4 | 4 | — | |
| Dividend payable | 2 | 0 | — | — | — | |
| Convertible notes, net | 4 | 4 | 0 | 19 | — | |
| Operating lease liability | 43,000 | 39,000 | 0 | 283,000 | — | |
| Credit facility and other loans | 0 | 29 | — | — | — | |
| Customer deposits and deferred revenue | 3 | 11 | — | — | — | |
| Current liabilities - discontinued operations | 2 | 12 | 15 | — | — | |
| Total current liabilities | 14 | 62 | 48 | 30 | — | |
| Operating lease liability, non-current | 85,000 | 128,000 | 0 | 1 | — | |
| Non-current liabilities - discontinued operations | 0 | 305,000 | 965,000 | — | — | |
| Total liabilities | 14 | 63 | 57 | 36 | — | |
| COMMITMENTS AND CONTINGENCIES (Note 15) | — | — | — | — | — | |
| Common Stock Class A, $0.001 par value; 200,000,000 authorized; 7,435,756 and 1,843,852 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively | 5,000 | 5,000 | 3,000 | 1,000 | — | |
| Additional paid-in capital | 99 | 88 | 78 | 5 | — | |
| Accumulated deficit | −101 | −104 | −64 | −11 | −7 | |
| Total shareholders deficit | −2 | −16 | 15 | −6 | −7 | |
| Total liabilities and shareholders equity | 12 | 46 | 72 | 30 | 285 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Depreciation and amortization expense | 297,000 | 341,000 | 200,000 | 162,000 | |
| Non-monetary exchange | 238,000 | 0 | — | — | |
| Stock compensation expense | 605,000 | 211,000 | 82,000 | 17,000 | |
| Loss (gain) from sale of property and equipment | 6,000 | −2,000 | 0 | — | |
| Loss on impairment of intangible assets | 0 | 130,000 | 0 | — | |
| Loss from sale of consolidated entity | 35,000 | 0 | — | — | |
| Gain on settlement of liabilities | −10 | — | — | — | |
| Amortization right-of-use asset | 39,000 | 34,000 | 0 | 0 | |
| Amortization of debt discount | 283,000 | 301,000 | 183,000 | 42,000 | |
| Change in fair value forward purchase agreement | 0 | 3 | 13 | — | |
| Change in fair value of convertible notes | 1 | 0 | — | — | |
| Gain on aviation asset option | −324,000 | 0 | — | — | |
| Accounts receivable | −199,000 | 0 | 296,000 | −2 | |
| Contract assets, net | −636,000 | 0 | — | — | |
| Prepaid and other current assets | 459,000 | 751,000 | −2 | −2 | |
| Deposits | 8 | 4 | −3 | −11 | |
| Account payable and accrued liabilities | −110,000 | 3 | 2 | 2 | |
| Operating lease liability | 0 | −34,000 | 0 | 0 | |
| Customers deposits and deferred revenue | 38,000 | 9 | 2 | 1 | |
| Net cash provided by operating activities from continuing operations | 8 | 3 | — | — | |
| Net cash used in operating activities from discontinued operations | −5 | −20 | 9 | — | |
| Net cash provided by (used in) operating activities | 3 | −17 | −30 | −21 | |
| Payoff of liability issued for flyExclusive investment | −8 | — | — | — | |
| Cash payment for property and equipment | −211,000 | −145,000 | −637,000 | −259,000 | |
| Proceeds from the sale of property and equipment | 30,000 | 33,000 | 0 | — | |
| Interests on Note receivable | −99,000 | 0 | — | — | |
| Cash used in investing activities - discontinued operations | 0 | −3,000 | 2 | — | |
| Net cash used in investing activities | −8 | −115,000 | 2 | 5 | |
| Principal payment on lease obligations | −39,000 | 0 | — | — | |
| Repayments of lines of credit | 0 | −1 | 0 | −6 | |
| Proceeds from issuance of term loan | 0 | 4 | 0 | — | |
| Proceeds from issuance of convertible notes, net | 6 | 4 | 13 | 19 | |
| Proceeds from issuance of shares under at-the-market sales plan | 463,000 | — | — | 0 | |
| Costs of share issuance | −66,000 | 0 | — | — | |
| Repayment on loans | −1 | −3 | −787,000 | −6,000 | |
| Proceeds from exercise of stock options | 0 | 94,000 | 23,000 | 0 | |
| Cash provided by financing activities - discontinued operations | 0 | 95,000 | — | — | |
| Net cash provided by financing activities | 5 | 4 | 37 | 23 | |
| Net increase (decrease) in cash | 698,000 | −13 | 9 | 6 | |
| Cash paid for interest | 989,000 | 6 | 2 | 61,000 | |
| Cash paid for income taxes | 497,000 | 0 | 0 | 0 | |
| Note receivable from sale of GC Aviation, Inc. | 2 | 0 | — | — | |
| Non-cash interest | 4 | 0 | — | — | |
| Credit facility for the aircraft deposits | −29 | 0 | — | — | |
| In-kind dividend payable | 2 | 0 | — | — | |
| Issuance of shares for convertible notes | 7 | 0 | — | — | |
| Investment in M2i - share exchange | −2 | 0 | — | — | |
| Investment in flyExclusive | −2 | 0 | — | — | |
| Liability issued for flyExclusive investment | 8 | 0 | — | — | |
| Financing for aircraft purchase | 56 | 0 | — | — | |
| Settlement on liability for aircraft purchase | −56 | 0 | — | — | |
| Financed deposits on aircraft | 29 | 0 | — | — | |
| Issuance of shares in exchange for debt reduction | 523,000 | 0 | — | — | |
| Proceeds from settlement of net payable | 100,000 | — | — | — | |
| Initial recognition of right-of-use asset | 0 | 201,000 | 0 | 2 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Volato Group, Inc.'s CIK number?
Volato Group, Inc.'s SEC CIK number is 0001853070 (1853070). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Volato Group, Inc.'s SEC filings?
All of Volato Group, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Volato Group, Inc. last report earnings?
Volato Group, Inc. (SOAR) most recently filed an earnings 8-K with the SEC on Jul 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001493152-26-032092). This is Volato Group, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Volato Group, Inc.'s most recent earnings 8-K?
Volato Group, Inc.'s latest earnings 8-K (Item 2.02) was filed Jul 6, 2026 under accession 0001493152-26-032092. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Volato Group, Inc.'s latest earnings 8-K →
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