Volato Group, Inc. (SOARW) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
1954 AIRPORT ROAD CHAMBLEE, GA 30341 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4522 - Air Transportation, Nonscheduled (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 2,161 | 14,486 | 1,342 | |||
| Cash and cash equivalent | 2,161 | 14,486 | 1,342 | |||
| Short-term investments | ||||||
| Restricted cash and investments | 1,839 | |||||
| Receivables | 2 | 2,990 | ||||
| Prepaid expense | 467 | |||||
| Disposal group, including discontinued operation | 2,242 | |||||
| Deposits current assets | 36,000 | 25,125 | ||||
| Other undisclosed current assets | 1,070 | 3,897 | ||||
| Total current assets: | 43,314 | 46,498 | 1,809 | |||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 167 | 1,278 | ||||
| Long-term investments and receivables | 154 | |||||
| Long-term investments | 154 | |||||
| Accounts and financing receivable, after allowance for credit loss | ||||||
| Intangible asset, including goodwill, after accumulated amortization | 1,835 | 2,026 | ||||
| Goodwill | 635 | 635 | ||||
| Intangible asset, excluding goodwill, after accumulated amortization | 1,200 | 1,391 | ||||
| Derivative instruments and hedges | 2,982 | |||||
| Deposits noncurrent assets | 300 | 15,691 | ||||
| Asset, held-in-trust | 285,582 | |||||
| Restricted cash and investments | 2,237 | |||||
| Other undisclosed noncurrent assets | 683 | 846 | ||||
| Total noncurrent assets: | 2,985 | 25,214 | 285,582 | |||
| TOTAL ASSETS: | 46,299 | 71,712 | 287,391 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities, including: | 5,710 | 9,864 | 906 | |||
| Accrued liabilities | 906 | |||||
| Other undisclosed accounts payable and accrued liabilities | 5,710 | 9,864 | ||||
| Deferred revenue | 11,538 | 12,857 | ||||
| Debt | 4,050 | |||||
| Disposal group, including discontinued operation | 12,008 | |||||
| Financial instruments subject to mandatory redemption, settlement terms, share value, amount | 4,250 | |||||
| Other undisclosed current liabilities | 28,894 | 20,666 | ||||
| Total current liabilities: | 62,200 | 47,637 | 906 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 8,054 | |||||
| Long-term debt, excluding current maturities | 8,054 | |||||
| Liabilities, other than long-term debt | 433 | 1,270 | ||||
| Deferred income tax liabilities | 305 | 305 | ||||
| Operating lease, liability | 128 | 965 | ||||
| Total noncurrent liabilities: | 433 | 9,324 | ||||
| Total liabilities: | 62,633 | 56,961 | 906 | |||
| Temporary equity, including noncontrolling interest | 284,449 | |||||
| Equity | ||||||
| Equity, attributable to parent, including: | (16,334) | 14,751 | 2,037 | |||
| Common stock | 5 | 3 | ||||
| Additional paid in capital | 87,968 | 78,410 | ||||
| Retained earnings (accumulated deficit) | (104,307) | (63,662) | 2,036 | |||
| Other undisclosed equity, attributable to parent | 1 | |||||
| Total equity: | (16,334) | 14,751 | 2,037 | |||
| TOTAL LIABILITIES AND EQUITY: | 46,299 | 71,712 | 287,391 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | ||
|---|---|---|---|---|---|
| Revenues | 46,288 | 73,338 | |||
| Cost of revenue | (38,792) | (82,025) | |||
| Gross profit: | 7,496 | (8,687) | |||
| Operating expenses | (16,861) | (28,822) | (1,737) | ||
| Operating loss: | (9,365) | (37,509) | (1,737) | ||
| Nonoperating income (expense) | (13,068) | (15,311) | 4,061 | ||
| Investment income, nonoperating | 1,270 | 4,061 | |||
| Other nonoperating income | 212 | 180 | |||
| Interest and debt expense | (2,804) | ||||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (25,237) | (52,820) | 2,324 | ||
| Other undisclosed income from continuing operations before income taxes | 2,804 | ||||
| Income (loss) from continuing operations before income taxes: | (22,433) | (52,820) | 2,324 | ||
| Income tax expense (benefit) | 507 | (2) | (773) | ||
| Net income (loss): | (21,926) | (52,822) | 1,551 | ||
| Other undisclosed net income (loss) attributable to parent | (18,719) | ||||
| Net income (loss) available to common stockholders, diluted: | (40,645) | (52,822) | 1,551 | ||
Comprehensive Income ($ in thousands)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | ||
|---|---|---|---|---|---|
| Net income (loss): | (21,926) | (52,822) | 1,551 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (21,926) | (52,822) | 1,551 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.