# VOLATO GROUP, INC. (SOAR) · Edgar & Edgarette company card

> 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.

SEC CIK 1853070 · fiscal year ended 2025-12-31 · 4 audited years read · [page](https://www.pops4.com/boards/company/SOAR) · [JSON](https://www.pops4.com/boards/company/SOAR.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $79M |
| Revenue growth, 1 year | 101.1% |
| Revenue growth per year | -6.7% |
| Operating margin | 5.0% (prior year -22.1%) |
| Net margin | 6.6% |
| Operating cash flow | $3M |
| Capital spending | $211,000 |
| Free cash flow | $3M |
| Cash | $5M |
| Long-term debt | — |
| Total assets | $12M |
| Total equity | −$2M |
| Equity ÷ assets | -15.5% |
| Return on equity | — |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -27.54 (distress zone)
- Piotroski F: 7 of 9 (solid)
- Health Harbor boat: Rotting at the dock · four or more warning signs · filed auditor change in the last 12 months; liabilities exceed assets (often from years of share buybacks, not always distress); slow and jumpy: growing slower than its size class, with revenue that swings more; revenue is hard to predict: its 80% range is ±83%
- Cash Compass: Fading · slow and jumpy, lagging its peers

## Edgarette's reading

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 $33.2M and $356.2M next year (method v4.1: its own 3-year record of growth weighed at 40% against $50M–100M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $36.3M to $327.7M. A statistical range, not company guidance. Against peers (16 filers, $50M+ revenue, its industry group): operating margin 5.0% against a 2.4% median; growth 101.1% against 4.2%.

Range logged 2026-09-24, receipt 2866955239ac8045, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 3.01 Exchange listing notice or transfer: 2, latest 2026-06-04 ([filing](https://www.sec.gov/Archives/edgar/data/1853070/000149315226027212/0001493152-26-027212-index.htm))
- Item 4.01 Auditor change: 1, latest 2026-04-17 ([filing](https://www.sec.gov/Archives/edgar/data/1853070/000149315226017829/0001493152-26-017829-index.htm))
- Item 5.02 Director or officer change: 5, latest 2026-09-21 ([filing](https://www.sec.gov/Archives/edgar/data/1853070/000149315226043439/0001493152-26-043439-index.htm))

## Recent filings

- 8-K · filed 2026-10-21 · 5.03 Amendments to Articles or Bylaws; Change in Fiscal Year; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1853070/000149315226047916/0001493152-26-047916-index.htm)
- 8-K · filed 2026-10-09 · 1.01 Entry into a Material Definitive Agreement; 3.02 Unregistered Sales of Equity Securities; 3.03 Material Modifications to Rights of Security Holders; 5.03 Amendments to Articles or Bylaws; Change in Fiscal Year; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1853070/000149315226046595/0001493152-26-046595-index.htm)
- 8-K · filed 2026-09-28 · 1.01 Entry into a Material Definitive Agreement; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1853070/000149315226044456/0001493152-26-044456-index.htm)
- 8-K · filed 2026-09-21 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1853070/000149315226043439/0001493152-26-043439-index.htm)
- 8-K · filed 2026-09-11 · 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 · [filing](https://www.sec.gov/Archives/edgar/data/1853070/000149315226042429/0001493152-26-042429-index.htm)
- 8-K · filed 2026-09-04 · 1.01 Entry into a Material Definitive Agreement; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1853070/000149315226041579/0001493152-26-041579-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001853070.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1853070

## Cite

POPS4, Edgar & Edgarette: VOLATO GROUP, INC. (SOAR) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/SOAR. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

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.