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Volato Group
(SOAR)
Volato Group (SOAR) vs. SPDR S&P 500 ETF (SPY)
Volato Group Business Overview & Revenue Model
Volato Group Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 52.14M | 46.29M | 35.57M | 96.71M | 1.06M |
| Gross Profit | 8.96M | 7.50M | 4.79M | 2.43M | 202.56K |
| EBITDA | -1.38M | -14.56M | -4.30M | -8.43M | -1.42M |
| Net Income | 9.30M | -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 | -8.23M | -17.06M | -31.03M | -21.69M | -1.22M |
| Operating Cash Flow | -8.16M | -16.92M | -30.39M | -21.43M | -1.22M |
| Investing Cash Flow | -9.00K | -115.00K | 1.78M | 5.14M | -281.52M |
| Financing Cash Flow | 6.92M | 4.31M | 37.46M | 22.56M | 285.32M |
Volato Group Technical Analysis
Volato Group Risk Analysis
Volato Group Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $784.92M | 14.18 | 9.99% | ― | 4.27% | 28.47% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
50 Neutral | $1.17B | -8.51 | -27.87% | ― | 1.77% | -1964.48% | |
49 Neutral | $7.82M | 1.02 | ― | ― | -63.27% | ― | |
47 Neutral | $269.50M | ― | ― | ― | ― | ― | |
47 Neutral | $121.43M | -0.65 | ― | ― | -8.51% | 82.15% | |
38 Underperform | $55.26M | -0.31 | -509.71% | ― | -15.06% | -119.79% |
Volato Group Corporate Events
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.
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.
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.
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.
Volato Group, Inc. has entered into a Securities Purchase Agreement with an institutional investor to issue senior unsecured convertible promissory notes with a 10% original issue discount. The company completed multiple tranches between December 2024 and October 2025, raising funds with notes convertible into shares of its Class A common stock, enhancing its financial flexibility and potentially impacting its market position.
On September 2, 2024, Volato Group, Inc. entered into an Aircraft Management Services Agreement with flyExclusive, Inc., designating flyExclusive as the exclusive provider of certain aircraft management services. This agreement included a merger option allowing flyExclusive to merge with Volato. On July 28, 2025, Volato announced a merger with M2i Global, Inc., a company specializing in the global value supply chain for critical minerals. This merger is subject to stockholder approval and other conditions. On October 1, 2025, Volato amended its agreement with flyExclusive to align with its new business directives and the proposed M2i Global merger. The amendment includes asset options and financial settlements, with flyExclusive agreeing to pay Volato in cash or stock for certain aviation-related assets and obligations.
On September 30, 2025, Volato Group, Inc. entered into Share Exchange Agreements with Tysadco Partners, LLC, and Douglas Cole, who are shareholders of M2i Global, Inc. The agreement involves exchanging 1,197,604 shares of Volato’s Class A common stock for 16,000,000 shares of M2i Global common stock, valuing the transaction at $2,000,000. This strategic move indicates Volato’s efforts to strengthen its market position by acquiring a significant stake in a publicly traded company. The Volato Shares issued are not registered under the Securities Act of 1933, but the company plans to file a registration statement with the SEC within 60 days to facilitate the resale of these shares.