Volato Group (SOAR) AI Stock Analysis

• Market Cap: $9.35M
• Dividend Yield: N/A
• Average Volume (3M): 847.75K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.15
• Revenue Growth: -9.49%
• EPS Growth: 97.34%
• Country: US
• Employees: 12
• Sector: Financial
• Sector Strength: 70
• Industry: Airlines, Airports & Air Services
• EPS (TTM): 0.77
• Shares Outstanding: 5,957,291
• 10 Day Avg. Volume: 649,883
• 30 Day Avg. Volume: 847,751
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.31
• Enterprise Value/Revenue: 0.03
• Enterprise Value/Gross Profit: 0.19
• Enterprise Value/Ebitda: 0.86
• 1Y Price Target: $1.50
• Price Target Upside: -6.25% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 45 Neutral
• Price Target: $1.50 ▼(-6.25% Downside)

The overall stock score for Volato Group is primarily impacted by its poor financial performance, characterized by negative equity and cash flow issues. Technical analysis provides a slightly better outlook, but the lack of profitability and valuation concerns weigh heavily on the stock's attractiveness. The absence of earnings call insights and corporate events leaves these areas unaddressed.

Volato Group Business Overview & Revenue Model

Company Description

Volato Group, Inc. operates as a private aviation company. The company offers fractional ownership, aircraft management, jet cards, deposit, and charter programs. As of December 31, 2023, it operated a fleet of 24 HondaJets and a managed fleet of 6 aircraft. The company was founded in 2021 and is based in Chamblee, Georgia.

How the Company Makes Money

Volato Group generates revenue primarily through its fractional jet ownership program, where customers purchase shares in a private jet, allowing them access to the aircraft for a predetermined number of hours annually. This model offers the benefits of private jet ownership without the associated costs and responsibilities of full ownership. Additionally, Volato earns income from charter services, renting out aircraft to clients on a per-flight basis. The company also provides aircraft management services, handling the operational and maintenance aspects of aircraft owned by private individuals or corporations, which adds a steady stream of income from management fees. Strategic partnerships with aviation service providers and luxury brands further enhance its revenue potential by expanding its market reach and service offerings.

Volato Group Financial Statement Overview

Summary

Volato Group shows revenue growth but faces significant challenges in profitability and financial stability. The negative equity and cash flow issues suggest high financial risk, overshadowing the positive revenue trend.

Income Statement

Volato Group's income statement shows a mixed performance. The TTM data indicates a positive revenue growth rate of 11.82%, which is a strong indicator of top-line growth. However, the company is struggling with profitability, as evidenced by a negative net profit margin of -2.48% and a low EBIT margin of 3.40%. Despite improvements in revenue, the company remains unprofitable, which is a significant concern.

Balance Sheet

The balance sheet reveals financial instability, with a negative stockholders' equity and a concerning debt-to-equity ratio of -0.23 in the TTM. Although the return on equity is positive at 15.49%, this is primarily due to the negative equity base. The equity ratio is also negative, indicating potential solvency issues. Overall, the balance sheet reflects high financial risk.

Cash Flow

Cash flow analysis shows challenges in cash management. The TTM data indicates a negative operating cash flow and free cash flow, with a free cash flow to net income ratio of 1.00, suggesting that cash outflows are closely aligned with net losses. The negative free cash flow growth rate of -7.07% further highlights cash flow difficulties, which could impact future operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	92.03M	46.29M	35.57M	96.71M	1.06M
Gross Profit	15.21M	7.50M	4.79M	2.43M	202.56K
EBITDA	3.42M	-14.56M	-17.08M	-8.43M	-1.42M
Net Income	-2.28M	-40.65M	-52.82M	-9.37M	-1.47M
Balance Sheet
Total Assets	13.05M	46.30M	71.71M	30.26M	14.99M
Cash, Cash Equivalents and Short-Term Investments	4.71M	2.16M	14.49M	5.78M	1.61M
Total Debt	1.62M	33.07M	29.68M	29.80M	6.00M
Total Liabilities	20.11M	62.63M	56.96M	35.93M	7.08M
Stockholders Equity	-7.06M	-16.33M	14.75M	-5.67M	3.61M
Cash Flow
Free Cash Flow	-7.57M	-17.06M	-31.03M	-21.69M	-18.30M
Operating Cash Flow	-7.54M	-16.92M	-30.39M	-21.43M	-3.61M
Investing Cash Flow	28.00K	-115.00K	1.78M	5.14M	-11.81M
Financing Cash Flow	6.45M	4.31M	37.46M	22.56M	17.03M

Volato Group Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.60
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 1.6 is below the 20-day moving average (MA) of 1.62, above the 50-day MA of 1.54, and below the 200-day MA of 2.87, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 50.63 is Neutral, neither overbought nor oversold. The STOCH value of 57.70 is Neutral, 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
SRTA	54 Neutral	424.82M	-24.49	-8.51%	―	6.70%	63.35%
FLYX	54 Neutral	434.30M	-4.50	9.48%	―	0.00%	0.00%
MESA	52 Neutral	58.20M	-0.33	429.35%	―	-14.62%	-86.07%
UP	48 Neutral	1.53B	-5.23	173.08%	―	-20.21%	88.09%
SRFM	46 Neutral	182.87M	-1.37	49.73%	―	-3.95%	85.63%
SOAR	45 Neutral	$9.35M	―	-398.23%	―	-9.49%	97.34%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Volato Group Corporate Events

Volato Group Announces Merger with M2i Global

On July 28, 2025, Volato Group entered into a merger agreement with M2i Global, aiming to create a public company that aligns with the U.S. mineral independence strategy. The merger, which requires stockholder approval, will see M2i Global become a wholly-owned subsidiary of Volato, with its shareholders owning 85% of the combined entity. This strategic move positions Volato to expand into the critical minerals market, enhancing its industry positioning and offering diversified revenue streams. The merger is expected to bring significant growth opportunities and value to stakeholders, with leadership changes including Major General (Ret.) Alberto Rosende becoming CEO of Volato.

Volato Group Holds Virtual Annual Meeting, Elects Director

On July 21, 2025, Volato Group held its Annual Meeting virtually, with 51.05% of the common stock represented. During the meeting, shareholders elected Christopher Burger as a Class II director, approved the 2025 Stock Incentive Plan, and ratified Elliott Davis, LLC as the independent registered accounting firm for the fiscal year ending December 31, 2025. No additional matters were voted on, as sufficient votes were present to adopt the proposals.

Volato Group Secures $3 Million in Latest Financing

Volato Group, Inc. entered into a Securities Purchase Agreement with an institutional investor on December 4, 2024, to issue senior unsecured convertible promissory notes with a 10% original issue discount, convertible into Class A common stock. The agreement involves multiple tranches, with the first tranche closing on December 4, 2024, for $4.5 million, the second on June 13, 2025, for $1.5 million, and the third on July 21, 2025, for $3 million. These financial arrangements are part of Volato’s strategic financing efforts, leveraging exemptions from registration under the Securities Act, and highlight the company’s ongoing capital-raising initiatives.