Volato Group, Inc. financial data

Symbol
SOAR on NYSE, SOARW on OTC
Industry
Air Transportation, Nonscheduled
Location
1954 Airport Road, Suite 124, Chamblee, GA
State of incorporation
DE
Fiscal year end
December 31
Former names
PROOF Acquisition Corp I (to 12/4/2023)
Latest financial report
10-K - Q4 2024 - Mar 31, 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 72.5 % -16.4%
Debt-to-equity -562 % -361%
Return On Equity 330 % -12.2%
Return On Assets -71.4 % -69.9%
Operating Margin -20.2 % -62.1%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 1.9M shares -93.5%
Common Stock, Shares, Outstanding 1.84M shares +64.4%
Entity Public Float 11.2M USD -83.5%
Common Stock, Value, Issued 5K USD +66.7%
Weighted Average Number of Shares Outstanding, Basic 1.66M shares +173%
Weighted Average Number of Shares Outstanding, Diluted 1.66M shares +173%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 0 USD
Revenue from Contract with Customer, Excluding Assessed Tax 46.3M USD +30.1%
Cost of Revenue 38.8M USD +26%
Costs and Expenses 55.7M USD +39.1%
Operating Income (Loss) -9.37M USD -111%
Nonoperating Income (Expense) -13.1M USD +19.3%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -22.4M USD -8.72%
Income Tax Expense (Benefit) -507K USD -25450%
Net Income (Loss) Attributable to Parent -40.6M USD +23.1%
Earnings Per Share, Basic -24.4 USD/shares +71.8%
Earnings Per Share, Diluted -24.4 USD/shares +71.8%

Balance Sheet

Label TTM Value / Value Unit Change %
Accounts Receivable, after Allowance for Credit Loss, Current 118K USD
Assets, Current 43.3M USD -6.85%
Operating Lease, Right-of-Use Asset 167K USD
Intangible Assets, Net (Excluding Goodwill) 1.2M USD -13.7%
Goodwill 635K USD 0%
Assets 46.3M USD -35.4%
Accrued Liabilities, Current 1.29M USD +456%
Contract with Customer, Liability, Current 11.5M USD +308%
Liabilities, Current 62.2M USD +30.6%
Deferred Income Tax Liabilities, Net 305K USD 0%
Operating Lease, Liability, Noncurrent 128K USD
Liabilities 62.6M USD +9.96%
Retained Earnings (Accumulated Deficit) -104M USD -63.8%
Stockholders' Equity Attributable to Parent -16.3M USD -211%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 14.8M USD
Liabilities and Equity 46.3M USD -35.4%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -7.7M USD -1.16%
Net Cash Provided by (Used in) Financing Activities -684K USD -113%
Net Cash Provided by (Used in) Investing Activities -56K USD -103%
Common Stock, Shares Authorized 200M shares 0%
Common Stock, Shares, Issued 1.84M shares +64.4%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -8.44M USD -4862%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 4M USD -76.1%
Interest Paid, Excluding Capitalized Interest, Operating Activities 1.12M USD +335%
Deferred Tax Assets, Valuation Allowance 21.7M USD +66%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 21.5M USD +66.8%
Operating Lease, Liability 1.29M USD
Depreciation 193K USD +37.9%
Payments to Acquire Property, Plant, and Equipment 56K USD -79.3%
Lessee, Operating Lease, Liability, to be Paid 207M USD +13061%
Operating Lease, Liability, Current 39K USD
Lessee, Operating Lease, Liability, to be Paid, Year Two 56.5M USD +11903%
Lessee, Operating Lease, Liability, to be Paid, Year One 56.5M USD +12084%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 284K USD
Lessee, Operating Lease, Liability, to be Paid, Year Three 56.5M USD +11702%
Deferred Tax Assets, Operating Loss Carryforwards 18.4M USD +59.7%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 1M shares 0%
Unrecognized Tax Benefits 0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 37.7M USD +23309%
Additional Paid in Capital 88M USD +12.2%
Preferred Stock, Shares Outstanding 0 shares
Amortization of Intangible Assets 61K USD 0%
Depreciation, Depletion and Amortization 80K USD +77.8%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%