Volato Group (SOAR) AI Stock Analysis

• Market Cap: $11.83M
• Dividend Yield: N/A
• Average Volume (3M): 1.93M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.11
• 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: 7,441,603
• 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: 0.25
• Enterprise Value/Revenue: 0.06
• Enterprise Value/Gross Profit: 0.33
• Enterprise Value/Ebitda: -2.12
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: $1.50 ▲(11.94% Upside)

The overall stock score of 46 reflects significant financial challenges, as indicated by poor financial performance across income, balance sheet, and cash flow statements. Technical analysis further highlights bearish trends, while the low P/E ratio suggests potential undervaluation. The absence of earnings call data and notable corporate events limits additional insights.

Positive Factors

Business Model Strength

The diversified revenue streams from fractional ownership, charters, and management services provide a robust business model, reducing dependency on a single income source and enhancing resilience against market fluctuations.

Market Position

Specializing in luxury travel and aviation, Volato Group caters to high-net-worth individuals, positioning itself strongly within a niche market that values personalized and premium services.

Customer-Centric Solutions

By emphasizing customer-centric solutions, Volato Group enhances client satisfaction and loyalty, which can lead to sustained business growth and a competitive edge in the luxury aviation sector.

Negative Factors

Declining Revenue Growth

Significant declines in revenue growth highlight potential challenges in market demand or competitive pressures, which could impact long-term financial stability and growth prospects.

High Leverage

High leverage poses financial risks by increasing interest obligations and reducing financial flexibility, potentially affecting the company's ability to invest in growth opportunities.

Cash Flow Difficulties

Negative cash flows indicate potential liquidity issues, limiting the company's ability to fund operations and growth initiatives, which could hinder long-term sustainability.

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 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	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

• Technical Analysis Sentiment: Negative
• Last Price: 1.34
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 1.34 is below the 20-day moving average (MA) of 1.38, below the 50-day MA of 1.83, and below the 200-day MA of 1.89, indicating a bearish trend. The MACD of -0.19 indicates Negative momentum. The RSI at 43.75 is Neutral, neither overbought nor oversold. The STOCH value of 54.32 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
SNCY	76 Outperform	$717.45M	12.96	9.99%	―	4.27%	28.47%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
FLYX	47 Neutral	$301.77M	―	―	―	―	―
SOAR	46 Neutral	$11.83M	-0.40	―	―	-63.27%	―
ULCC	45 Neutral	$958.16M	―	-27.87%	―	1.77%	-1964.48%
MESA	44 Neutral	$55.26M	-0.31	-509.71%	―	-15.06%	-119.79%
SRFM	44 Neutral	$133.95M	―	―	―	-8.51%	82.15%

Volato Group Corporate Events

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.

Volato Group Finalizes Convertible Notes Agreement

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.

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 Amends Agreement Amid M2i Global Merger

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.

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 Enters Share Exchange Agreement with M2i

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.

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.