SOAR Volato Group, Inc.

Overview and Growth

Fiscal 2025 results for Volato Group, Inc. combined $78.56M of revenue with net income of $5.17M and an operating cash inflow of $3.49M. The $78.56M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line expanded 101.1% from $39.06M in fiscal 2024, increasing the company’s operating scale. Diluted earnings per share were $1.18, translating the period’s attributable earnings into the amount reported for each diluted share. Revenue equaled 6.57x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

The first profit layer was $14.69M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. The gross-profit relationship equaled 18.7% of revenue, quantifying the portion retained before operating expenses were recognized. The reported operating result was $3.96M, capturing profitability after direct costs and the operating expenses reflected in the statements. The operating result equaled 5.0% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. Net income came to $5.17M, completing the progression from revenue through gross and operating profitability to the final reported result. Net margin was 6.6%, meaning that this portion of revenue remained as net income after all recognized expenses. Before income taxes, the company reported $1.06M of earnings, providing a bridge between the operating result and final net income. Measured against revenue, pretax income equaled 1.4%, adding a pre-tax profitability layer between revenue and net income. Income tax expense totaled $207.00K, providing the reported tax component that separates pretax and after-tax earnings. Relative to pretax income, the tax provision measured 19.5%, quantifying the portion of pre-tax earnings paid in income tax. Return on period-end assets was 43.3%, connecting net income with the company’s total asset base.

Liquidity and Capital Structure

The company held $11.95M of assets against $13.80M of liabilities and -$1.85M of equity, revealing how the asset base was financed. Equity was negative at -$1.85M, meaning liabilities exceeded the residual book value available to shareholders and weakening balance-sheet resilience. At period end, current assets of $9.81M compared with current liabilities of $13.72M, defining the company’s short-term resource position. Current assets covered only 0.72x of current liabilities, so current liabilities exceeded current assets at period end. Cash and equivalents totaled $4.70M, identifying the most liquid reported component available within the broader current-asset balance. Cash and equivalents represented 34.2% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. The liabilities-to-assets relationship was 115.5%, placing reported obligations against the full positive asset balance. Measured against total assets, cash and equivalents represented 39.3%, a balance-sheet composition measure rather than a liquidity forecast. Compared with $46.30M in fiscal 2024, the current asset base moved 74.2% and finished lower.

Cash Flow and Earnings Quality

The company reported $3.49M of operating cash flow, a cash inflow that shows the cash generated by operations. The operating-cash-flow-to-net-income relationship was 0.68x, comparing cash generated by operations with the bottom-line earnings result. The cash-flow statement records $211.00K of capital expenditures, the investment amount considered after operating cash generation. Capital spending absorbed 6.0% of operating cash flow, quantifying the share of cash from operations directed to investment. After capital spending, free cash flow was $3.28M, leaving cash available for debt reduction, shareholder returns, or further investment. Relative to revenue, free cash flow equaled 4.2%, showing how much sales converted into cash after investment. The free-cash-flow-to-assets relationship was 27.4%, comparing post-investment cash with the balance-sheet asset base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.