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

Valneva SE is the larger business by last-quarter revenue ($36.2M vs $24.9M, roughly 1.5× Volato Group, Inc.). Volato Group, Inc. runs the higher net margin — 14.5% vs -54.1%, a 68.6% gap on every dollar of revenue.

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

Valneva SE is a specialty vaccine company registered in Saint-Herblain, France, developing, producing and commercializing vaccines for infectious diseases. It has manufacturing sites in Livingston, Scotland; Solna, Sweden, and Vienna, Austria; with other offices in France, Canada and the United States.

SOAR vs VALN — Head-to-Head

Bigger by revenue
VALN
VALN
1.5× larger
VALN
$36.2M
$24.9M
SOAR
Higher net margin
SOAR
SOAR
68.6% more per $
SOAR
14.5%
-54.1%
VALN

Income Statement — Q2 FY2025 vs Q1 FY2023

Metric
SOAR
SOAR
VALN
VALN
Revenue
$24.9M
$36.2M
Net Profit
$3.6M
$-19.6M
Gross Margin
15.2%
38.9%
Operating Margin
3.5%
-49.5%
Net Margin
14.5%
-54.1%
Revenue YoY
13632.0%
Net Profit YoY
121.3%
EPS (diluted)
$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.

Revenue
SOAR
SOAR
VALN
VALN
Q2 25
$24.9M
Q1 25
$25.5M
Q3 24
$38.5M
Q4 23
$3.2M
Q3 23
$3.7M
Q2 23
$13.0M
Q1 23
$15.7M
$36.2M
Q2 22
$93.2M
Net Profit
SOAR
SOAR
VALN
VALN
Q2 25
$3.6M
Q1 25
$455.0K
Q3 24
$-4.4M
Q4 23
Q3 23
$-11.8M
Q2 23
$-9.9M
Q1 23
$-7.5M
$-19.6M
Q2 22
Gross Margin
SOAR
SOAR
VALN
VALN
Q2 25
15.2%
Q1 25
17.6%
Q3 24
16.6%
Q4 23
Q3 23
8.7%
Q2 23
-24.2%
Q1 23
-10.8%
38.9%
Q2 22
Operating Margin
SOAR
SOAR
VALN
VALN
Q2 25
3.5%
Q1 25
9.9%
Q3 24
5.5%
Q4 23
Q3 23
-50.2%
Q2 23
-71.3%
Q1 23
-50.5%
-49.5%
Q2 22
-161.3%
Net Margin
SOAR
SOAR
VALN
VALN
Q2 25
14.5%
Q1 25
1.8%
Q3 24
-11.5%
Q4 23
Q3 23
-323.6%
Q2 23
-75.8%
Q1 23
-48.0%
-54.1%
Q2 22
EPS (diluted)
SOAR
SOAR
VALN
VALN
Q2 25
$0.75
Q1 25
$0.03
Q3 24
$-3.76
Q4 23
Q3 23
$-0.71
Q2 23
$-0.86
Q1 23
$-0.67
Q2 22

Balance Sheet & Financial Strength

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

Metric
SOAR
SOAR
VALN
VALN
Cash + ST InvestmentsLiquidity on hand
$274.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$-7.1M
$221.2M
Total Assets
$13.0M
$637.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SOAR
SOAR
VALN
VALN
Q2 25
Q1 25
Q3 24
Q4 23
Q3 23
Q2 23
Q1 23
$274.8M
Q2 22
$363.1M
Stockholders' Equity
SOAR
SOAR
VALN
VALN
Q2 25
$-7.1M
Q1 25
$-15.8M
Q3 24
$-19.6M
Q4 23
$14.8M
Q3 23
$-34.8M
Q2 23
$-23.0M
Q1 23
$-13.2M
$221.2M
Q2 22
$100.7M
Total Assets
SOAR
SOAR
VALN
VALN
Q2 25
$13.0M
Q1 25
$23.4M
Q3 24
$47.9M
Q4 23
$71.7M
Q3 23
$70.4M
Q2 23
$70.9M
Q1 23
$289.8M
$637.2M
Q2 22
$783.1M

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
VALN
VALN
Operating Cash FlowLast quarter
$848.0K
$-26.3M
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
VALN
VALN
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 23
$-7.6M
$-26.3M
Q2 22
Free Cash Flow
SOAR
SOAR
VALN
VALN
Q2 25
Q1 25
Q3 24
$-3.2M
Q4 23
$-31.0M
Q3 23
$-11.1M
Q2 23
$-5.9M
Q1 23
$-7.9M
Q2 22
FCF Margin
SOAR
SOAR
VALN
VALN
Q2 25
Q1 25
Q3 24
-8.2%
Q4 23
-958.0%
Q3 23
-304.7%
Q2 23
-45.6%
Q1 23
-50.3%
Q2 22
Capex Intensity
SOAR
SOAR
VALN
VALN
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 23
1.7%
Q2 22
Cash Conversion
SOAR
SOAR
VALN
VALN
Q2 25
0.24×
Q1 25
-0.69×
Q3 24
Q4 23
Q3 23
Q2 23
Q1 23
Q2 22

Financial Flow Comparison

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

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