Volato Group (SOAR) Income Statement: Revenue & Earnings

Volato Group Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Volato Group, Inc. income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Revenue & Gross Profit
Revenue	46.29	35.57	96.71	1.06
Cost of Revenue	38.79	30.78	94.28	0.85
Gross Profit	7.50	4.79	2.43	0.20
Operating Expenses
Research & Development	0.10	0.00	0.00	0.00
Selling, General & Administrative	16.86	9.24	11.61	2.37
Operating Expenses	16.86	9.24	11.61	2.40
Operating Income	-9.37	-4.44	-9.19	-2.19
Other Income/Expense
Interest Income	0.00	0.00	0.00	0.00
Interest Expense	7.49	-3.36	0.87	-0.06
Other Income/Expense	-5.58	-13.22	0.60	0.75
Income
Income Before Tax	-22.43	-20.63	-9.46	-1.51
Income Tax Expense	-0.51	0.00	-0.06	0.00
Net Income	-40.65	-52.82	-9.37	-1.47
Net Income - Continuous Operations	-21.93	-20.64	-9.40	-1.51
Net Income - Discontinued Operations	-18.72	-32.19	0.00	0.00
EBITDA	-14.57	-4.30	-8.43	-2.17
EBIT	-14.94	-4.44	-8.59	-2.19
Depreciation & Amortization	0.38	0.14	0.16	0.03
Earnings Per Share
Basic EPS	-24.00	-87.00	-18.00	-120.00
Diluted EPS	-24.00	-87.00	-18.00	-120.00
Basic Shares Outstanding	1.66	0.61	0.53	0.01
Diluted Shares Outstanding	1.66	0.61	0.53	0.01