Top Page
Volato Group
(NYSE MKT:SOAR)
Volato Group (SOAR) vs. SPDR S&P 500 ETF (SPY)
Volato Group Business Overview & Revenue Model
Volato Group Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 46.29M | 35.57M | 96.71M | 1.06M |
| Gross Profit | 7.50M | 4.79M | 2.43M | 202.56K |
| EBITDA | -14.56M | -17.08M | -8.43M | -1.42M |
| Net Income | -40.65M | -52.82M | -9.37M | -1.47M |
Balance Sheet | ||||
| Total Assets | 46.30M | 71.71M | 30.26M | 14.99M |
| Cash, Cash Equivalents and Short-Term Investments | 2.16M | 14.49M | 5.78M | 1.61M |
| Total Debt | 33.07M | 29.68M | 29.80M | 6.00M |
| Total Liabilities | 62.63M | 56.96M | 35.93M | 7.08M |
| Stockholders Equity | -16.33M | 14.75M | -5.67M | 3.61M |
Cash Flow | ||||
| Free Cash Flow | -17.06M | -31.03M | -21.69M | -18.30M |
| Operating Cash Flow | -16.92M | -30.39M | -21.43M | -3.61M |
| Investing Cash Flow | -115.00K | 1.78M | 5.14M | -11.81M |
| Financing Cash Flow | 4.31M | 37.46M | 22.56M | 17.03M |
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 |
|---|---|---|---|---|---|---|---|
67 Neutral | $17.04B | 11.60 | 9.79% | 3.95% | 10.64% | 1.80% | |
50 Neutral | $321.88M | ― | -8.39% | ― | 6.70% | 63.35% | |
49 Neutral | $957.46M | ― | -2416.94% | ― | -20.21% | 88.09% | |
47 Neutral | $182.70M | 28.86 | 26.01% | ― | ― | ― | |
47 Neutral | $134.51M | ― | 138.02% | ― | 31.17% | 83.01% | |
45 Neutral | $2.72M | ― | -398.23% | ― | -4.90% | 81.88% | |
45 Neutral | $45.21M | ― | -472.57% | ― | -11.55% | -76.38% |
Volato Group Corporate Events
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.
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, 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.
On March 20, 2025, Volato Group, Inc. sold GC Aviation, Inc., resulting in the retroactive presentation of GC Aviation’s managed aircraft business as discontinued operations. This move aligns with Volato’s strategic shift to focus on high-growth areas like aircraft sales and proprietary software, following the transition of its fleet operations to flyExclusive in September 2024. The company’s financial performance for the year ended December 31, 2024, showed a significant increase in revenue to $39.1 million, driven by aircraft sales, despite a net loss from continuing operations of $21.2 million.
On December 4, 2024, Volato Group, Inc. entered into a Securities Purchase Agreement with an institutional investor to issue senior unsecured convertible promissory notes totaling up to $36,000,000. The first tranche was closed on December 4, 2024, with an initial note of $4,500,000, and the second tranche was completed on June 13, 2025, with a note of $1,500,000. These notes, sold at a 10% discount, are convertible into the company’s Class A common stock and are exempt from registration under the Securities Act.
Volato Group, Inc. entered into a Settlement Agreement with Sunpeak Holdings Corporation in November 2024, involving the exchange of outstanding payables for shares of common stock. However, the company received a warning from NYSE Regulation in December 2024 for failing to comply with listing requirements, leading to restrictions on issuing additional shares. By June 2025, a law firm representing Sunpeak Holdings alleged breaches of the Settlement Agreement, including unauthorized financing arrangements and misrepresentations, which Volato Group disputes.
On May 7, 2025, Volato Group, Inc. held a virtual special meeting of stockholders to vote on key proposals. The stockholders approved the issuance of 20% or more of the company’s Class A common stock as per the Securities Purchase Agreement with JAK Opportunities Fund IX LLC. The adjournment proposal was not needed as sufficient votes were already secured for the main proposal.
On April 15, 2025, Volato Group, Inc. held a special meeting of stockholders to vote on two proposals. However, due to insufficient representation of shares, no business was conducted, and the meeting was adjourned. The meeting was reconvened on May 6, 2025, but again, insufficient shares were represented, leading to another adjournment until May 7, 2025. The meeting will continue at the same virtual link, with no changes to the record date or proposals.