Volato Group, Inc.SOAREarnings & Financial Report
Volato Aeronaves also known as Volato Aeronaves e Compósitos Ltda is a Brazilian aircraft manufacturer.
Revenue
$38.5M
Gross Profit
$6.4M
Operating Profit
$2.1M
Net Profit
$-4.4M
Gross Margin
16.6%
Operating Margin
5.5%
Net Margin
-11.5%
YoY Growth
952.7%
EPS
$-3.76
Volato Group, Inc. Q3 FY2024 Financial Summary
Volato Group, Inc. reported revenue of $38.5M (up 952.7% YoY) for Q3 FY2024, with a net profit of $-4.4M (up 62.5% YoY) (-11.5% margin). Cost of goods sold was $32.1M, operating expenses totaled $4.3M.
Key Financial Metrics
| Total Revenue | $38.5M |
|---|---|
| Net Profit | $-4.4M |
| Gross Margin | 16.6% |
| Operating Margin | 5.5% |
| Report Period | Q3 FY2024 |
Revenue Breakdown
Volato Group, Inc. Q3 FY2024 revenue of $38.5M breaks down across 2 segments, led by Aircraft Sales at $38.1M (99.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Aircraft Sales | $38.1M | 99.2% |
| Aircraft Management Revenue | $1.8M | 4.7% |
Volato Group, Inc. Annual Revenue by Year
Volato Group, Inc. annual revenue history includes year-by-year totals (for example, 2023 revenue was $35.6M).
| Year | Annual Revenue |
|---|---|
| 2023 | $35.6M |
Volato Group, Inc. Quarterly Revenue & Net Profit History
Volato Group, Inc. results over the last 7 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q2 FY2025 | $24.9M | +13632.0% | $3.6M | 14.5% |
| Q1 FY2025 | $25.5M | +52989.6% | $455.0K | 1.8% |
| Q3 FY2024 | $38.5M | +952.7% | $-4.4M | -11.5% |
| Q4 FY2023 | $3.2M | — | N/A | N/A |
| Q3 FY2023 | $3.7M | — | $-11.8M | -323.6% |
| Q2 FY2023 | $13.0M | — | $-9.9M | -75.8% |
| Q1 FY2023 | $15.7M | — | $-7.5M | -48.0% |
Income Statement
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q3 2024 | Q1 2025 | Q2 2025 | |
|---|---|---|---|---|---|---|---|
| Revenue | $15.7M | $13.0M | $3.7M | $3.2M | $38.5M | $25.5M | $24.9M |
| YoY Growth | N/A | N/A | N/A | N/A | 952.7% | 52989.6% | 13632.0% |
Balance Sheet
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q3 2024 | Q1 2025 | Q2 2025 | |
|---|---|---|---|---|---|---|---|
| Assets | $289.8M | $70.9M | $70.4M | $71.7M | $47.9M | $23.4M | $13.0M |
| Liabilities | $1.5M | $4.5M | $5.6M | $57.0M | $67.6M | $39.2M | $20.1M |
| Equity | $-13.2M | $-23.0M | $-34.8M | $14.8M | $-19.6M | $-15.8M | $-7.1M |
Cash Flow
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q3 2024 | Q1 2025 | Q2 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $-7.6M | $-5.6M | $-10.9M | $-30.4M | $-3.1M | $-312000 | $848000 |