Volato (SOAR) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
46.3M
Gross Profit
7.5M
16.19%
Operating Income
-9.4M
-20.23%
Net Income
-40.6M
-87.81%
EPS (Diluted)
-$24.42
Balance Sheet Metrics
Total Assets
46.3M
Total Liabilities
62.6M
Shareholders Equity
-16.3M
Cash Flow Metrics
Operating Cash Flow
-28.0M
Free Cash Flow
-17.1M
Revenue & Profitability Trend
Volato Income Statement From 2021 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Revenue | 46.3M | 73.3M | 96.7M | 1.1M |
| Cost of Goods Sold | 38.8M | 82.0M | 94.3M | 853.3K |
| Gross Profit | 7.5M | -8.7M | 2.4M | 202.6K |
| Operating Expenses | 16.9M | 28.8M | 11.6M | 2.4M |
| Operating Income | -9.4M | -37.5M | -9.2M | -2.2M |
| Pre-tax Income | -22.4M | -52.8M | -9.5M | -1.5M |
| Income Tax | -507.0K | 2.0K | -55.0K | 0 |
| Net Income | -40.6M | -52.8M | -9.4M | -1.5M |
| EPS (Diluted) | -$24.42 | -$3.46 | -$0.71 | -$0.24 |
Income Statement Trend
Volato Balance Sheet From 2021 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Assets | ||||
| Current Assets | 43.3M | 46.5M | 10.7M | 4.1M |
| Non-Current Assets | 3.0M | 25.2M | 19.6M | 10.9M |
| Total Assets | 46.3M | 71.7M | 30.3M | 15.0M |
| Liabilities | ||||
| Current Liabilities | 62.2M | 47.6M | 30.2M | 7.1M |
| Non-Current Liabilities | 433.0K | 9.3M | 5.8M | 0 |
| Total Liabilities | 62.6M | 57.0M | 35.9M | 7.1M |
| Equity | ||||
| Total Shareholders Equity | -16.3M | 14.8M | -5.7M | 7.9M |
Balance Sheet Composition
Volato Cash Flow Statement From 2021 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Operating Activities | ||||
| Net Income | -40.6M | -52.8M | -9.4M | -1.5M |
| Operating Cash Flow | -28.0M | -37.0M | -7.9M | -740.4K |
| Investing Activities | ||||
| Capital Expenditures | -115.0K | -637.0K | -259.0K | -14.7M |
| Investing Cash Flow | -115.0K | 1.8M | 11.7M | -8.9M |
| Financing Activities | ||||
| Dividends Paid | - | - | - | - |
| Financing Cash Flow | 500.0K | 36.7M | 16.8M | 11.3M |
| Free Cash Flow | -17.1M | -31.0M | -21.7M | -18.3M |
Cash Flow Trend
Volato Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
-0.06
Price to Book
-0.18
Price to Sales
0.05
PEG Ratio
0.00
Profitability Ratios
Profit Margin
-31.79%
Operating Margin
9.91%
Return on Equity
248.84%
Return on Assets
-3.42%
Financial Health
Current Ratio
0.54
Debt to Equity
-0.84
Beta
0.98
Per Share Data
EPS (TTM)
-$8.24
Book Value per Share
-$8.33
Revenue per Share
$39.00
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| soar | 3.3M | -0.06 | -0.18 | 248.84% | -31.79% | -0.84 |
| Joby Aviation | 7.2B | - | 7.84 | -64.96% | 50.74% | 4.73 |
| Corp America | 3.2B | 18.73 | 2.20 | 12.16% | 9.19% | 72.76 |
| Blade Air Mobility | 15.9M | - | 0.05 | -24.50% | -54.97% | 0.25 |
| Wheels Up Experience | 922.5M | 0.12 | -3.36 | 173.08% | -44.21% | -1.71 |
| Blade Air Mobility | 303.8M | -10.50 | 0.90 | -24.50% | -54.97% | 0.25 |
Financial data is updated regularly. All figures are in the company's reporting currency.