Volato Group, Inc. (SOAR)

From the record

Volato Group, Inc.'s filings since 2021 show 14 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, 7 times, the latest 2026-06-04); a warning not to rely on past financial statements (8-K item 4.02, 2 times, the latest 2023-08-23); an auditor change (8-K item 4.01, 4 times, the latest 2026-04-17); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2024-11-14) (its current reports).

From the record

Volato Group, Inc.'s 4 filed years say what it did: revenue went from $97 million in fiscal 2022 to $79 million in fiscal 2025, down 6.7% a year; it rose in 2 of 3 years; the deepest fall was 63% from fiscal 2022 to fiscal 2023; net income was positive in 1 of 4 of those years (its annual reports).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Volato Group, Inc.'s shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned about 123 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 115 cents per dollar of assets, and net share issuance: its share count grew 163.6% over the year (the filed statements).

From the record

Volato Group, Inc.'s standing among 12 graded names in its industry family: revenue of $79 million in fiscal 2025 ranks in the bottom 17% by size; a net margin of 6.6% ranks in the bottom 38%; revenue growth of -6.7% a year over the last 3 filed years ranks in the bottom 21% (its annual reports).

From the record

Volato Group, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Ensey, Christopher (Chief Executive Officer, as filed), filing under that title since 2026-10-13, 1 month (bottom 10% of its family); most of the 6 officers and directors filing now have filed since the record of its people begins (2023-12-11), a floor of 2.9 years the record cannot see past, so that part is not read; 16 officer or director changes were reported on Form 8-K since 2023-11-13, against the 6 people in charge now (bottom 6%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Volato Group, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $5 million against no long-term debt tagged leaves 39.3% of its assets as net cash, top 5% of its family; cash from operations less capital spending is 4.2% of revenue (top 46%); a gross margin of 18.7% (top 30%) (its annual report).

From the record

Volato Group, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -6.7% a year over the last three filed years against -6.7% over all 4, speeding up (bottom 46% of its family); the newest year grew 101.2% (top 4%); capital spending grew -6.6% a year (bottom 35%) (its annual reports). Volato Group, Inc. reported 2 product lines in fiscal 2025: Aircraft Sales at $77 million (98%), Aircraft Management Revenue at $1 million (2%); 2 of 2 grew against the year before (its annual report).

From the record

Volato Group, Inc.'s newest year against its own record: revenue of $79 million in fiscal 2025 came in 216.3% above the $25 million its prior three years' pace pointed to (top 5% of its family); net income of $5 million against a prior three-year average of $34 million (top 23%); a net margin of 6.6% against -87.4% before (top 23%) (its annual reports).