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Side-by-side financial comparison of Neptune Insurance Holdings Inc. (NP) and Volato Group, Inc. (SOAR). Click either name above to swap in a different company.
Neptune Insurance Holdings Inc. is the larger business by last-quarter revenue ($37.8M vs $24.9M, roughly 1.5× Volato Group, Inc.). Volato Group, Inc. runs the higher net margin — 14.5% vs 0.1%, a 14.4% gap on every dollar of revenue. On growth, Volato Group, Inc. posted the faster year-over-year revenue change (13632.0% vs 28.8%).
Neptune Insurance Holdings Inc. is a specialty insurance holding company that offers a broad portfolio of property and casualty insurance products, with a core focus on residential and commercial flood insurance for customers across the United States. It serves both individual consumers and small to mid-sized business clients, using advanced data analytics to support accurate policy pricing and robust risk management.
Volato Aeronaves also known as Volato Aeronaves e Compósitos Ltda is a Brazilian aircraft manufacturer.
NP vs SOAR — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2025
| Metric | | |
|---|---|---|
| Revenue | $37.8M | $24.9M |
| Net Profit | $50.0K | $3.6M |
| Gross Margin | — | 15.2% |
| Operating Margin | — | 3.5% |
| Net Margin | 0.1% | 14.5% |
| Revenue YoY | 28.8% | 13632.0% |
| Net Profit YoY | 0.0% | 121.3% |
| EPS (diluted) | $0.05 | $0.75 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $37.8M | — | ||
| Q3 25 | $44.4M | — | ||
| Q2 25 | — | $24.9M | ||
| Q1 25 | — | $25.5M | ||
| Q3 24 | $33.8M | $38.5M | ||
| Q4 23 | — | $3.2M | ||
| Q3 23 | — | $3.7M | ||
| Q2 23 | — | $13.0M |
| Q1 26 | $50.0K | — | ||
| Q3 25 | $11.5M | — | ||
| Q2 25 | — | $3.6M | ||
| Q1 25 | — | $455.0K | ||
| Q3 24 | $12.1M | $-4.4M | ||
| Q4 23 | — | — | ||
| Q3 23 | — | $-11.8M | ||
| Q2 23 | — | $-9.9M |
| Q1 26 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 15.2% | ||
| Q1 25 | — | 17.6% | ||
| Q3 24 | — | 16.6% | ||
| Q4 23 | — | — | ||
| Q3 23 | — | 8.7% | ||
| Q2 23 | — | -24.2% |
| Q1 26 | — | — | ||
| Q3 25 | 46.7% | — | ||
| Q2 25 | — | 3.5% | ||
| Q1 25 | — | 9.9% | ||
| Q3 24 | 58.6% | 5.5% | ||
| Q4 23 | — | — | ||
| Q3 23 | — | -50.2% | ||
| Q2 23 | — | -71.3% |
| Q1 26 | 0.1% | — | ||
| Q3 25 | 25.9% | — | ||
| Q2 25 | — | 14.5% | ||
| Q1 25 | — | 1.8% | ||
| Q3 24 | 35.8% | -11.5% | ||
| Q4 23 | — | — | ||
| Q3 23 | — | -323.6% | ||
| Q2 23 | — | -75.8% |
| Q1 26 | $0.05 | — | ||
| Q3 25 | $0.06 | — | ||
| Q2 25 | — | $0.75 | ||
| Q1 25 | — | $0.03 | ||
| Q3 24 | $0.06 | $-3.76 | ||
| Q4 23 | — | — | ||
| Q3 23 | — | $-0.71 | ||
| Q2 23 | — | $-0.86 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $-7.1M |
| Total Assets | — | $13.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q3 25 | $12.2M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
| Q1 26 | — | — | ||
| Q3 25 | $247.6M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
| Q1 26 | — | — | ||
| Q3 25 | $-509.5M | — | ||
| Q2 25 | — | $-7.1M | ||
| Q1 25 | — | $-15.8M | ||
| Q3 24 | $-374.3M | $-19.6M | ||
| Q4 23 | — | $14.8M | ||
| Q3 23 | — | $-34.8M | ||
| Q2 23 | — | $-23.0M |
| Q1 26 | — | — | ||
| Q3 25 | $89.6M | — | ||
| Q2 25 | — | $13.0M | ||
| Q1 25 | — | $23.4M | ||
| Q3 24 | — | $47.9M | ||
| Q4 23 | — | $71.7M | ||
| Q3 23 | — | $70.4M | ||
| Q2 23 | — | $70.9M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $848.0K |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | 0.24× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q3 25 | $38.9M | — | ||
| Q2 25 | — | $848.0K | ||
| Q1 25 | — | $-312.0K | ||
| Q3 24 | — | $-3.1M | ||
| Q4 23 | — | $-30.4M | ||
| Q3 23 | — | $-10.9M | ||
| Q2 23 | — | $-5.6M |
| Q1 26 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | $-3.2M | ||
| Q4 23 | — | $-31.0M | ||
| Q3 23 | — | $-11.1M | ||
| Q2 23 | — | $-5.9M |
| Q1 26 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | -8.2% | ||
| Q4 23 | — | -958.0% | ||
| Q3 23 | — | -304.7% | ||
| Q2 23 | — | -45.6% |
| Q1 26 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.0% | ||
| Q3 24 | — | 0.1% | ||
| Q4 23 | — | 19.7% | ||
| Q3 23 | — | 7.4% | ||
| Q2 23 | — | 2.2% |
| Q1 26 | — | — | ||
| Q3 25 | 3.38× | — | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | -0.69× | ||
| Q3 24 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
