Volato Group (SOAR) AI Stock Analysis

• Market Cap: $2.68M
• Dividend Yield: N/A
• Average Volume (3M): 3.17M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.86
• Revenue Growth: -4.90%
• EPS Growth: 81.88%
• Country: US
• Employees: 12
• Sector: Financial
• Sector Strength: 79
• Industry: Airlines, Airports & Air Services
• EPS (TTM): 0.09
• Shares Outstanding: 2,077,921
• 10 Day Avg. Volume: 6,929,836
• 30 Day Avg. Volume: 3,169,269
• PEG Ratio: >-0.01
• Price to Book (P/B): -20.22
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.28
• Enterprise Value/Market Cap: 51.71
• Enterprise Value/Revenue: 0.35
• Enterprise Value/Gross Profit: 17.11
• Enterprise Value/Ebitda: -0.67
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 38 Underperform
• Price Target: $1.50 ▲(10.29%Upside)

The Volato Group's overall stock score is severely impacted by financial instability, bearish technical indicators, poor valuation metrics, and significant legal and compliance issues. These factors combine to create a high-risk investment environment.

Volato Group Business Overview & Revenue Model

Company Description

Volato Group (SOAR) is a private aviation company that specializes in providing fractional jet ownership and private jet charter services. The company operates within the aviation sector, offering a fleet of state-of-the-art aircraft designed for both business and leisure travel. Volato's core services cater to clients looking for flexible and efficient travel solutions, emphasizing comfort, convenience, and personalized service.

How the Company Makes Money

Volato Group makes money primarily through its fractional jet ownership program, where clients purchase a share of an aircraft, granting them access to flight hours proportional to their ownership stake. This model provides a cost-effective alternative to full jet ownership. Additionally, the company generates revenue from its private jet charter services, where customers pay for on-demand travel without owning any portion of the aircraft. Key revenue streams include aircraft management fees, maintenance services, and operational costs associated with the fractional ownership model. Strategic partnerships with aviation service providers and luxury travel agencies further enhance Volato Group's market reach and revenue potential.

Volato Group Financial Statement Overview

Summary

The Volato Group is experiencing severe financial difficulties. Revenue has drastically declined, margins are negative, and there's a significant negative equity situation. The company is facing liquidity issues with consistently negative operating and free cash flows.

Income Statement

The Volato Group's income statement shows significant financial challenges with negative growth trends. The company experienced a sharp decline in total revenue from $96.7M in 2022 to $46.3M in 2024, resulting in a negative revenue growth rate. Gross profit margin is weak, and net income is deeply negative, leading to a poor net profit margin. Both EBIT and EBITDA margins are also negative, indicating operational inefficiencies.

Balance Sheet

The balance sheet reflects financial instability, with a concerning negative stockholders' equity of -$16.3M in 2024. The debt-to-equity ratio cannot be calculated meaningfully due to negative equity, suggesting high financial leverage. The equity ratio is also negative, indicating potential insolvency risks.

Cash Flow

Cash flow analysis reveals severe liquidity issues. Operating cash flow is consistently negative, and free cash flow remains deeply negative at -$16.9M in 2024. The operating cash flow to net income ratio indicates cash flow challenges. The company lacks free cash flow growth, pointing towards ongoing cash constraints.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	82.31M	46.29M	73.34M	96.71M	1.06M
Gross Profit	8.10M	7.50M	-8.69M	2.43M	202.56K
EBITDA	-16.72M	-14.56M	-48.97M	-8.43M	-1.42M
Net Income	-22.80M	-40.65M	-52.82M	-9.37M	-1.47M
Balance Sheet
Total Assets	23.41M	46.30M	71.71M	30.26M	14.99M
Cash, Cash Equivalents and Short-Term Investments	2.58M	2.16M	14.49M	5.78M	1.61M
Total Debt	5.06M	33.07M	29.68M	29.80M	6.00M
Total Liabilities	39.24M	62.63M	56.96M	35.93M	7.08M
Stockholders Equity	-15.83M	-16.33M	14.75M	-5.67M	3.61M
Cash Flow
Free Cash Flow	-8.15M	-17.06M	-31.03M	-21.69M	-18.30M
Operating Cash Flow	-8.06M	-16.92M	-30.39M	-21.43M	-3.61M
Investing Cash Flow	-38.00K	-115.00K	1.78M	5.14M	-11.81M
Financing Cash Flow	3.86M	4.31M	37.46M	22.56M	17.03M

Volato Group Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.36
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• 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 1.36 is below the 20-day moving average (MA) of 1.88, below the 50-day MA of 2.09, and below the 200-day MA of 4.69, indicating a bearish trend. The MACD of -0.22 indicates Positive momentum. The RSI at 28.40 is Positive, neither overbought nor oversold. The STOCH value of 4.19 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
Sector *	67 Neutral	$16.66B	11.44	9.71%	3.92%	11.61%	-10.70%
BLDE	58 Neutral	$334.60M	―	-11.64%	―	8.67%	49.62%
SRFM	56 Neutral	$63.06M	―	138.02%	―	31.17%	83.01%
MESA	51 Neutral	$39.70M	―	-472.57%	―	-11.55%	-76.38%
UP	47 Neutral	$859.62M	―	-2416.94%	―	-29.68%	95.14%
FLYX	47 Neutral	$221.96M	28.86	26.01%	―	―	―
SOAR	38 Underperform	$2.68M	―	-398.23%	―	-4.90%	81.88%

Volato Group Corporate Events

Volato Group Sells GC Aviation to Refocus Strategy

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.

Volato Group Completes Second Tranche of Convertible Notes

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 Faces Allegations of Settlement Breaches

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.

Volato Group Approves Key Stock Issuance Proposal

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.

Volato Group Stockholder Meeting Adjourned Again

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.