Volato Group, Inc. (SOAR) Form 10-Q — Aug 14, 2026
Volato Group's Q2 2026 10-Q shows revenue collapsed 96% year over year to $1.97 million for the six months ended June 30, 2026, as aircraft sales went to zero from $49.6 million, swinging the company to a $4.7 million net loss from a $4.1 million prior-year profit. Q2 basic EPS was -$0.06 versus $1.39 a year ago. The filing carries explicit going-concern language: management states these matters raise substantial doubt about the company's ability to continue as a going concern and says it plans to fund the next twelve months through new debt or equity issuances on top of $8.4 million of cash and roughly $0.9 million of working capital.
Key figures
- Eps
- -$0.17 basic and diluted (six months); -$0.06 basic and diluted (Q2)
- Revenue
- $1.967 million (six months ended June 30, 2026); $0.965 million (Q2 2026)
- Net Income
- -$4.685 million (six months ended June 30, 2026) vs. +$4.057 million prior-year period
- Total Debt
- $0 (all convertible notes converted to equity by June 30, 2026)
- Revenue Yoy
- -96%
- Total Assets
- $13.537 million
- Cash Position
- $8.44 million
- Shares Outstanding
- 53,633,248 as of August 3, 2026 (53,183,044 at June 30, 2026)
- Working capital
- $0.9 million
- Sga expense growth
- +28% YoY for six months
- Share count growth
- 9,510,784 to 53,183,044 shares in six months (~5.6x)
- Accumulated deficit
- $105.5 million
- Subscription revenue
- $1.967 million H1 2026, +167% YoY (Vaunt platform)
- Warrants outstanding
- 1,161,195 at $287.50 weighted average exercise price, expiring December 1, 2028
- Aircraft sales revenue
- $0 in H1 2026 vs. $49.6 million in H1 2025
- M2i investment fair value
- $643,000
- Equity capital raised h1 2026
- $3.6 million gross via ATM, $2.2 million PIPE, $1.8 million registered direct (incl. $0.2 million receivable)
Price after filing
Close on the filing date to close N calendar days later (from $0.17). Historical, not a forecast.
AI analysis
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