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Side-by-side financial comparison of Volato Group, Inc. (SOAR) and STEM, INC. (STEM). Click either name above to swap in a different company.

STEM, INC. is the larger business by last-quarter revenue ($47.1M vs $24.9M, roughly 1.9× Volato Group, Inc.). Volato Group, Inc. runs the higher net margin — 14.5% vs -33.9%, a 48.4% gap on every dollar of revenue. On growth, Volato Group, Inc. posted the faster year-over-year revenue change (13632.0% vs -15.6%).

Volato Aeronaves also known as Volato Aeronaves e Compósitos Ltda is a Brazilian aircraft manufacturer.

StemCells, Inc. is a public biopharmaceutical company headquartered in Newark, California, that is developing purified human neural stem cells (HuCNS-SCs) in the hopes of treating central nervous system disorders and paralysis. StemCells' HuCNS-SCs have the ability to differentiate into the three main types of cells found in the central nervous system: neurons, astrocytes and oligodendrocytes.

SOAR vs STEM — Head-to-Head

Bigger by revenue
STEM
STEM
1.9× larger
STEM
$47.1M
$24.9M
SOAR
Growing faster (revenue YoY)
SOAR
SOAR
+13647.6% gap
SOAR
13632.0%
-15.6%
STEM
Higher net margin
SOAR
SOAR
48.4% more per $
SOAR
14.5%
-33.9%
STEM

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
SOAR
SOAR
STEM
STEM
Revenue
$24.9M
$47.1M
Net Profit
$3.6M
$-16.0M
Gross Margin
15.2%
48.9%
Operating Margin
3.5%
-17.7%
Net Margin
14.5%
-33.9%
Revenue YoY
13632.0%
-15.6%
Net Profit YoY
121.3%
68.8%
EPS (diluted)
$0.75
$-4.40

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.

Revenue
SOAR
SOAR
STEM
STEM
Q4 25
$47.1M
Q3 25
$38.2M
Q2 25
$24.9M
$38.4M
Q1 25
$25.5M
$32.5M
Q4 24
$55.8M
Q3 24
$38.5M
$29.3M
Q2 24
$34.0M
Q1 24
$25.5M
Net Profit
SOAR
SOAR
STEM
STEM
Q4 25
$-16.0M
Q3 25
$-23.8M
Q2 25
$3.6M
$202.5M
Q1 25
$455.0K
$-25.0M
Q4 24
$-51.1M
Q3 24
$-4.4M
$-148.3M
Q2 24
$-582.3M
Q1 24
$-72.3M
Gross Margin
SOAR
SOAR
STEM
STEM
Q4 25
48.9%
Q3 25
35.5%
Q2 25
15.2%
33.4%
Q1 25
17.6%
32.4%
Q4 24
-4.4%
Q3 24
16.6%
21.2%
Q2 24
27.6%
Q1 24
-95.0%
Operating Margin
SOAR
SOAR
STEM
STEM
Q4 25
-17.7%
Q3 25
-33.6%
Q2 25
3.5%
-34.8%
Q1 25
9.9%
-65.0%
Q4 24
-84.4%
Q3 24
5.5%
-493.2%
Q2 24
-1705.5%
Q1 24
-267.0%
Net Margin
SOAR
SOAR
STEM
STEM
Q4 25
-33.9%
Q3 25
-62.2%
Q2 25
14.5%
527.8%
Q1 25
1.8%
-76.9%
Q4 24
-91.6%
Q3 24
-11.5%
-506.3%
Q2 24
-1712.6%
Q1 24
-283.9%
EPS (diluted)
SOAR
SOAR
STEM
STEM
Q4 25
$-4.40
Q3 25
$-2.84
Q2 25
$0.75
$-1.79
Q1 25
$0.03
$-0.15
Q4 24
$-15.29
Q3 24
$-3.76
$-18.24
Q2 24
$-71.81
Q1 24
$-0.46

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
SOAR
SOAR
STEM
STEM
Cash + ST InvestmentsLiquidity on hand
$48.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$-7.1M
$-249.4M
Total Assets
$13.0M
$308.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SOAR
SOAR
STEM
STEM
Q4 25
$48.9M
Q3 25
$43.1M
Q2 25
$40.8M
Q1 25
$58.6M
Q4 24
$56.3M
Q3 24
$75.4M
Q2 24
$89.6M
Q1 24
$112.8M
Stockholders' Equity
SOAR
SOAR
STEM
STEM
Q4 25
$-249.4M
Q3 25
$-235.7M
Q2 25
$-7.1M
$-214.1M
Q1 25
$-15.8M
$-417.5M
Q4 24
$-398.4M
Q3 24
$-19.6M
$-344.1M
Q2 24
$-203.2M
Q1 24
$371.6M
Total Assets
SOAR
SOAR
STEM
STEM
Q4 25
$308.9M
Q3 25
$362.6M
Q2 25
$13.0M
$379.2M
Q1 25
$23.4M
$405.1M
Q4 24
$437.4M
Q3 24
$47.9M
$537.8M
Q2 24
$691.5M
Q1 24
$1.3B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
SOAR
SOAR
STEM
STEM
Operating Cash FlowLast quarter
$848.0K
$8.2M
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.

Operating Cash Flow
SOAR
SOAR
STEM
STEM
Q4 25
$8.2M
Q3 25
$11.4M
Q2 25
$848.0K
$-21.3M
Q1 25
$-312.0K
$8.5M
Q4 24
$-14.7M
Q3 24
$-3.1M
$-9.4M
Q2 24
$-11.9M
Q1 24
$-621.0K
Free Cash Flow
SOAR
SOAR
STEM
STEM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-3.2M
Q2 24
Q1 24
FCF Margin
SOAR
SOAR
STEM
STEM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-8.2%
Q2 24
Q1 24
Capex Intensity
SOAR
SOAR
STEM
STEM
Q4 25
Q3 25
Q2 25
0.0%
Q1 25
0.0%
Q4 24
Q3 24
0.1%
Q2 24
Q1 24
Cash Conversion
SOAR
SOAR
STEM
STEM
Q4 25
Q3 25
Q2 25
0.24×
-0.11×
Q1 25
-0.69×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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