Volato Group (SOAR) Income Statement

Volato Group reported revenue of $78.56M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 101.1% from $39.06M a year earlier. Net income was $5.17M, a net margin of 6.6%. Gross margin was 18.7% and operating margin 5.0%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $965.00K, down 96.1% from the same quarter a year earlier.

Volato Group Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Volato Group, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Revenue & Gross Profit
Revenue	78.56	39.06	35.57	96.71	1.06
Cost of Revenue	63.87	32.18	30.78	94.28	0.85
Gross Profit	14.69	6.88	4.79	2.43	0.20
Operating Expenses
Research & Development	0.10	0.10	0.06	0.00	0.00
Selling, General & Administrative	10.73	15.51	9.24	11.61	2.37
Operating Expenses	10.73	15.51	9.23	11.61	2.40
Operating Income	3.96	-8.62	-4.44	-9.19	-2.19
Other Income/Expense
Interest Income	0.00	0.00	0.00	0.00	0.00
Interest Expense	4.85	-7.49	3.36	0.87	0.06
Other Income/Expense	1.95	-26.14	-16.19	-0.27	0.69
Income
Income Before Tax	1.06	-21.69	-20.63	-9.46	-1.51
Income Tax Expense	0.21	-0.51	0.00	-0.06	0.00
Net Income	5.17	-40.65	-52.82	-9.37	-1.47
Net Income - Continuous Operations	0.85	-40.65	-52.82	-9.37	-1.47
Net Income - Discontinued Operations	4.32	-19.46	-32.19	-	-
EBITDA	6.25	-8.51	-4.30	-8.43	-1.42
EBIT	5.91	-8.62	-4.44	-8.59	-1.45
Depreciation & Amortization	0.34	0.24	0.14	0.16	0.03
Earnings Per Share
Basic EPS	1.00	-24.00	-17.00	-10.00	-1.00
Diluted EPS	1.00	-24.00	-17.00	-10.00	-1.00
Basic Shares Outstanding	4.39	1.66	1.22	0.90	1.38
Diluted Shares Outstanding	4.39	1.66	1.22	0.90	1.38

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Volato Group Financial Statements

What was Volato Group's revenue in fiscal 2025?

Volato Group reported revenue of $78.56M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 101.1% from $39.06M a year earlier.

Is Volato Group profitable?

Yes. Volato Group earned net income of $5.17M in fiscal 2025, a net margin of 6.6%. In fiscal 2024 it lost $40.65M.

What is Volato Group's operating margin?

Volato Group's operating income was $3.96M on revenue of $78.56M in fiscal 2025, an operating margin of 5.0%, compared with -22.1% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition