Volato Group (SOAR) AI Stock Analysis

• Market Cap: $4.04M
• Dividend Yield: N/A
• Average Volume (3M): 1.93M
• Price to Earnings (P/E): 0.5
• Beta (1Y): 2.60
• Revenue Growth: -63.27%
• EPS Growth: N/A
• Country: US
• Employees: 12
• Sector: Industrials
• Sector Strength: 72
• Industry: Airlines, Airports & Air Services
• EPS (TTM): 1.20
• Shares Outstanding: 7,444,273
• 10 Day Avg. Volume: 3,780,205
• 30 Day Avg. Volume: 1,929,762
• PEG Ratio: <0.01
• Price to Book (P/B): -0.62
• Price to Sales (P/S): 0.22
• P/FCF Ratio: -0.60
• Enterprise Value/Market Cap: 1.93
• Enterprise Value/Revenue: 0.07
• Enterprise Value/Gross Profit: 0.42
• Enterprise Value/Ebitda: -0.99
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: $0.53 ▼(-52.00% Downside)

The score is held down primarily by weak financial performance (profitability, leverage, and cash flow) and bearish technical signals. Valuation looks optically cheap on P/E and corporate events are positive (regained listing compliance and M2i-related actions), but they are not enough to outweigh the core financial and trend risks.

Positive Factors

Restored NYSE listing compliance

Regaining NYSE American compliance removes a major structural overhang, stabilizing the company’s public listing and access to capital markets. This improved listing status materially reduces execution risk for strategic transactions and supports longer-term investor confidence and liquidity.

Strategic merger pivot into critical minerals

The M2i Global merger represents a structural business-model pivot toward critical-minerals supply chains and software/data capabilities. This aligns Volato with secular demand for resilient supply chains and national-security priorities, potentially expanding addressable markets and revenue diversification if integration succeeds.

Improved equity position and gross margin

A stronger equity position and modest gross margin improvement reduce immediate solvency pressure and suggest initial cost discipline. These improvements lengthen runway for strategic initiatives and reduce some refinancing urgency, supporting sustainability if cash generation continues to recover.

Negative Factors

Declining revenues and negative profitability

Steep revenue declines and persistent net losses indicate core demand or monetization challenges. Negative profitability undermines reinvestment capacity and partnership credibility, making it harder to fund growth, integrate acquisitions, or achieve durable margin expansion without external capital or meaningful operational improvement.

High leverage and solvency risk

Significant leverage increases interest and refinancing risk, especially amid weak cash flows. High debt-to-equity constrains strategic flexibility, elevates default or dilution risk from convertibles, and can impair the company's ability to invest in the M2i integration or scale its new business model sustainably.

Negative operating and free cash flow

Persistent negative operating and free cash flows signal structural cash-generation shortfalls. Ongoing cash burn forces reliance on financing (ATM sales, convertible notes), increasing dilution risk and possibly delaying value-creating investments; cash-flow recovery is required for long-term self-sufficiency.

Volato Group Business Overview & Revenue Model

Company Description

Volato Group (SOAR) is an innovative aviation company specializing in private jet services, including fractional ownership, private jet charter, and aircraft management. The company operates within the luxury travel and aviation sector, focusing on providing efficient, customer-centric solutions that cater to high-net-worth individuals and businesses seeking personalized air travel experiences. Volato Group's core offerings include a fleet of modern aircraft, tailored travel solutions, and exceptional customer service aimed at enhancing the flying experience for its clientele.

How the Company Makes Money

Volato Group generates revenue through multiple key streams. Its primary source of income is from fractional ownership sales, where clients purchase shares in an aircraft, allowing them access to private jet travel without the full cost of ownership. Additionally, the company earns revenue from private jet charters, charging customers for on-demand flights. Aircraft management services also contribute to earnings, as Volato manages private jets on behalf of clients, taking a management fee. Furthermore, strategic partnerships with luxury brands and travel agencies help enhance its market reach and attract new clientele, supporting its overall revenue growth.

Volato Group Financial Statement Overview

Summary

Volato Group faces significant financial challenges across all verticals. The income statement reveals declining revenues and profitability issues, while the balance sheet shows high leverage. Cash flow difficulties further compound these issues, indicating a need for strategic financial restructuring to improve stability and growth prospects.

Income Statement

The income statement shows significant challenges with profitability and revenue growth. The TTM data reveals a negative net profit margin and a substantial decline in revenue growth rate, indicating financial instability. However, there is a slight improvement in gross profit margin compared to previous periods, suggesting some cost management efforts.

Balance Sheet

The balance sheet reflects a high debt-to-equity ratio, indicating significant leverage and potential financial risk. Despite this, the company has managed to improve its equity position in the TTM period. The negative return on equity highlights ongoing profitability challenges.

Cash Flow

Cash flow analysis shows negative operating and free cash flows, with a declining free cash flow growth rate. The operating cash flow to net income ratio is negative, indicating cash flow issues. However, the free cash flow to net income ratio suggests some alignment between cash flow and reported earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	105.04M	46.29M	35.57M	96.71M	1.06M
Gross Profit	18.44M	7.50M	4.79M	2.43M	202.56K
EBITDA	-7.86M	-14.56M	-4.30M	-8.43M	-1.42M
Net Income	32.89M	-40.65M	-52.82M	-9.37M	-1.47M
Balance Sheet
Total Assets	13.59M	46.30M	71.71M	30.26M	14.99M
Cash, Cash Equivalents and Short-Term Investments	4.35M	2.16M	14.49M	5.78M	1.61M
Total Debt	3.20M	33.07M	29.68M	29.80M	6.00M
Total Liabilities	9.48M	62.63M	56.96M	35.93M	7.08M
Stockholders Equity	4.11M	-16.33M	14.75M	-5.67M	3.61M
Cash Flow
Free Cash Flow	-22.38M	-17.06M	-31.03M	-21.69M	-1.22M
Operating Cash Flow	-22.10M	-16.92M	-30.39M	-21.43M	-1.22M
Investing Cash Flow	-156.00K	-115.00K	1.78M	5.14M	-281.52M
Financing Cash Flow	19.05M	4.31M	37.46M	22.56M	285.32M

Volato Group Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SOAR, the sentiment is Negative. The current price of 1.1 is above the 20-day moving average (MA) of 0.74, above the 50-day MA of 0.98, and below the 200-day MA of 1.47, indicating a bearish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 32.58 is Neutral, neither overbought nor oversold. The STOCH value of 14.51 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SOAR.

Volato Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SNCY	69 Neutral	$946.94M	16.87	9.99%	―	4.27%	28.47%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
FLYX	48 Neutral	$319.33M	-3.09	―	―	―	―
SRFM	48 Neutral	$172.13M	-0.92	―	―	-8.51%	82.15%
ULCC	47 Neutral	$1.21B	-8.77	-27.87%	―	1.77%	-1964.48%
SOAR	45 Neutral	$4.04M	0.53	―	―	-63.27%	―

Volato Group Corporate Events

Volato Group Appoints Alan Gaines to Board, Committees

On December 22, 2025, Volato Group, Inc. announced that its Board of Directors elected Alan D. Gaines as a Class III director, effective December 19, 2025, to serve until the company’s 2026 annual meeting of stockholders or until a successor is chosen. Gaines was also named Chairman of the Audit Committee and appointed to the Audit, Nominating and Corporate Governance, and Compensation Committees, and will receive compensation in line with other non-employee independent directors, with the company noting there were no special arrangements or related-party transactions tied to his election, underscoring standard corporate governance practices for stakeholders.

The most recent analyst rating on (SOAR) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Volato Group stock, see the SOAR Stock Forecast page.

Volato Group Regains NYSE Compliance, Stabilizing Listing Status

On December 18, 2025, Volato Group received written notice from NYSE American that its consolidated shareholders’ equity again exceeds the minimum requirements of Section 1003(a), formally restoring the company to full compliance with the exchange’s continued listing standards and removing the “.BC” below‑compliance indicator from its Class A common stock. The regained listing status, which follows earlier deficiencies cited in June 2024, removes a structural overhang for investors and gives Volato a more stable platform to pursue its strategic priorities, notably the proposed merger with M2i Global expected to close in the first quarter of 2026, as the company pivots from divested aviation assets toward a software‑ and data‑driven model aligned with critical‑minerals supply chains.

The most recent analyst rating on (SOAR) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Volato Group stock, see the SOAR Stock Forecast page.

Volato Group Declares Stock Dividend of flyExclusive

On December 15, 2025, Volato Group‘s Board of Directors declared a stock dividend of flyExclusive shares to its shareholders, with distribution expected after December 26, 2025. This strategic move aims to enhance shareholder value by aligning with flyExclusive, a prominent private jet charter and aircraft management service provider, reflecting Volato’s commitment to innovation and growth in the private aviation sector.

The most recent analyst rating on (SOAR) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Volato Group stock, see the SOAR Stock Forecast page.

Volato Group Signs ATM Sales Agreement with Virtu

On December 5, 2025, Volato Group, Inc. entered into an ATM Sales Agreement with Virtu Americas LLC to act as the sole sales agent for the sale of up to $9,300,000 worth of its Class A Common Stock. This agreement allows for the sale of shares directly on the NYSE American LLC and includes a commission of up to 3.0% for the agent. The company is not obligated to sell any shares, and the agreement can be terminated by either party. This move is part of Volato Group’s strategy to potentially raise capital, though there is no guarantee of sales or the timing of such sales.

The most recent analyst rating on (SOAR) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Volato Group stock, see the SOAR Stock Forecast page.

Volato Group Announces Merger with M2i Global

On July 28, 2025, Volato Group, Inc. announced a merger agreement with M2i Global, Inc., a Nevada corporation specializing in the critical minerals supply chain. The merger will result in M2i Global becoming a wholly-owned subsidiary of Volato, subject to stockholder approval and customary closing conditions. The company also plans a reverse stock split to increase its stock price, facilitating its listing on the NYSE American. The merger is expected to impact Volato’s operations by expanding its market reach and enhancing its industry positioning.

The most recent analyst rating on (SOAR) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Volato Group stock, see the SOAR Stock Forecast page.

Volato Group Announces Merger with M2i Global

On July 28, 2025, Volato Group, Inc. entered into a Merger Agreement with M2i Global, Inc., a Nevada corporation specializing in critical minerals supply chains. The merger, which will result in M2i Global becoming a wholly-owned subsidiary of Volato, is pending stockholder approval and customary closing conditions. This strategic move is expected to strengthen Volato’s market position and operational capabilities in the critical minerals industry.

The most recent analyst rating on (SOAR) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Volato Group stock, see the SOAR Stock Forecast page.

Volato Group Awaits Approval for M2i Merger

On July 28, 2025, Volato Group, Inc. entered into a Merger Agreement with M2i Global, Inc., a company specializing in the global value supply chain for critical minerals. The merger, which will make M2i Global a wholly-owned subsidiary of Volato, is pending approval from Volato’s stockholders and other customary conditions. This strategic move is expected to enhance Volato’s market position by integrating M2i Global’s expertise in critical minerals, potentially impacting the company’s operational and financial landscape.

The most recent analyst rating on (SOAR) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Volato Group stock, see the SOAR Stock Forecast page.