{ "ok": true, "cik": "1853070", "ticker": "SOAR", "name": "VOLATO GROUP, INC.", "filings": [ { "form": "8-K", "filed": "2026-09-11", "items": [ "1.01 Entry into a Material Definitive Agreement", "2.01 Completion of Acquisition or Disposition of Assets", "2.03 Creation of a Direct Financial Obligation", "3.02 Unregistered Sales of Equity Securities", "3.03 Material Modifications to Rights of Security Holders", "5.02 Departure or Election of Directors; Appointment of Officers", "5.03 Amendments to Articles or Bylaws; Change in Fiscal Year", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1853070/000149315226042429/0001493152-26-042429-index.htm" }, { "form": "8-K", "filed": "2026-09-04", "items": [ "1.01 Entry into a Material Definitive Agreement", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1853070/000149315226041579/0001493152-26-041579-index.htm" }, { "form": "8-K", "filed": "2026-08-28", "items": [ "1.01 Entry into a Material Definitive Agreement", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1853070/000149315226040581/0001493152-26-040581-index.htm" }, { "form": "10-Q", "filed": "2026-08-14", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1853070/000149315226038025/0001493152-26-038025-index.htm" }, { "form": "8-K", "filed": "2026-07-23", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1853070/000149315226034338/0001493152-26-034338-index.htm" }, { "form": "8-K", "filed": "2026-07-06", "items": [ "2.02 Results of Operations and Financial Condition", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1853070/000149315226032092/0001493152-26-032092-index.htm" } ], "events12m": 30, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001853070.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1853070" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets, no buy or sell views.", "edgar": "🫧 Edgar looked up VOLATO GROUP, INC. ($SOAR). Last filing: 8-K (1.01 Entry into a Material Definitive Agreement), 2026-09-11. 30 event filings (8-K) in the past twelve months. Auditor change (8-K Item 4.01) filed 2026-04-17.", "auditor": { "changes": [ { "filed": "2026-04-17", "url": "https://www.sec.gov/Archives/edgar/data/1853070/000149315226017829/0001493152-26-017829-index.htm" }, { "filed": "2025-04-07", "url": "https://www.sec.gov/Archives/edgar/data/1853070/000162828025016891/0001628280-25-016891-index.htm" } ], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 78559000, "revenueGrowth1y": 1.0110331763260292, "revenueGrowthPerYear": -0.06691536479017479, "yearsOfData": 4, "operatingMargin": 0.05040797362491885, "operatingMarginPrior": -0.22074032357157486, "netMargin": 0.06584859786911748, "operatingCashFlow": 3492000, "capitalSpending": 211000, "freeCashFlow": 3281000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 4698000, "longTermDebt": null, "longTermDebtChange": null, "revenueHistory": [ { "fiscalYearEnd": "2022-12-31", "revenue": 96706000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 35573000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 39064000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 78559000 } ], "totalEquity": -1849000, "totalAssets": 11954000, "equityRatio": -0.15467625899280577, "returnOnEquity": null, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "range80": { "low": 84870321.6891046, "high": 152394208.91388753, "baseline": 115642896.42881128, "n": 749, "band": "b00" }, "ifPaceHeld": { "low": 84870321.6891046, "high": 152394208.91388753 } }, "edgarette": "🔖 Exposure: revenue $78.6M (FY2025). Experience: revenue up 101.1% on the year, down 6.7% a year over 3 years; operating margin 5.0%, up from -22.1%. Soundness: equity -15.5% of assets (liabilities exceed assets). Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $84.9M and $152.4M next year (method v3, set from 749 SEC company-years; on a year the method never saw, 83% landed inside). A range, not a forecast. Against peers (16 filers, $50M+ revenue, its industry group): operating margin 5.0% against a 2.4% median; growth 101.1% against 4.2%.", "peers": { "sic": 4522, "sicDescription": "Air Transportation, Nonscheduled", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "45", "growth": [ 0.0424, 16 ], "opMargin": [ 0.0241, 16 ], "equityRatio": [ 0.1639, 16 ], "returnOnEquity": [ 0.0563, 10 ] }, "summary": "Volato Group (SOAR) grew revenue 101% in FY2025 to $79 million, operating margin 5.0% against a 2.4% median for air transportation, nonscheduled, equity -15.5% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
VOLATO GROUP, INC. against its own record and its peers
Operating marginPeer median 2.4%5.0%Revenue, on the yearPeer median 4.2%101.1%Equity of assetsPeer median 16.4%-15.5%Gold tick: the median of 16–16 peers with $50M+ revenue in air transportation, nonscheduled
", "chartHorizon": null, "backtest": { "tests": 0, "hits": 0, "rate": null, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T14:04:02.733Z", "hash": "9eddb90899e879a7", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Volato Group (SOAR) grew revenue 101% in FY2025 to $79 million, operating margin 5.0% against a 2.4% median for air transportation, nonscheduled, equity -15.5% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 78559000, "totalDebt": null, "cash": 4698000 }, "experience": { "revenueGrowth1y": 1.0110331763260292, "revenueGrowthPerYear": -0.06691536479017479, "operatingMargin": 0.05040797362491885, "operatingMarginPrior": -0.22074032357157486, "netMargin": 0.06584859786911748, "freeCashFlow": 3281000 }, "soundness": { "equityRatio": -0.15467625899280577, "returnOnEquity": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 4522, "sicDescription": "Air Transportation, Nonscheduled", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "45", "growth": [ 0.0424, 16 ], "opMargin": [ 0.0241, 16 ], "equityRatio": [ 0.1639, 16 ], "returnOnEquity": [ 0.0563, 10 ] }, "credibility": { "auditedYears": 4, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": { "filed": "2026-04-17", "url": "https://www.sec.gov/Archives/edgar/data/1853070/000149315226017829/0001493152-26-017829-index.htm" } }, "range": { "low": 84870321.6891046, "high": 152394208.91388753, "baseline": 115642896.42881128, "coverage": 0.8, "method": "v3", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); range = 10th to 90th percentile of how SEC company-years of the same size band actually turned out", "calibratedOn": { "companyYears": 749, "sizeBand": "b00" }, "kind": "a calibrated range, not a forecast; no view on the share price", "track": { "backtest": { "tests": 0, "hits": 0, "rate": null, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T14:04:02.733Z", "hash": "9eddb90899e879a7", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001853070.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1853070" } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same if-the-pace-held arithmetic applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so." } }