SOAR on NYSE

Volato Group, Inc.

Volato is an aviation technology company that connects travelers to private, on-demand flight access and develops proprietary software platforms for enterprise and operational applications.3 From its latest annual report

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Last updated Oct 19, 2026.

Overview

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  • TickerSOAR on NYSE1
  • IndustryAir Transportation, Nonscheduled1
  • HeadquartersNorth Canton, Ohio1
  • Incorporated inDE2
  • Business address8050 Freedom Ave. Nw,, North Canton, Oh 447202
  • Filer category, Emerging growth company2
  • Legal formCorporation

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Volato is an aviation technology company that connects travelers to private, on-demand flight access and develops proprietary software platforms for enterprise and operational applications. Historically, we generated revenue through our aircraft ownership program, a focused commercial strategy that included deposit products, charter flights, and aircraft management services. Our aviation experience led to the development of proprietary software products and applications, including “Mission Control,” “Vaunt,” and “Parslee.” Mission Control is an internal operations platform that supports the management of fractional ownership, charter, and related aviation services. Vaunt is an experiential private aviation platform that connects travelers to private, empty leg flights and is our primary revenue-generating business. During the fiscal year ended December 31, 2024, we began to generate reve…3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

5.0%Operating margin4
6.6%Net margin4
101.1%Revenue growth, 20254
$3.3MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Aircraft Sales brought in 98% of the revenue Volato Group, Inc. broke down this way in fiscal 2025.

  1. Aircraft Sales$77.1M498%up 102% from 2024
  2. Aircraft Management Revenue$1.5M42%up 60% from 2024
Products and services by year
Products and services20242025
Aircraft Sales$38.1M$77.1M
Aircraft Management Revenue$914.0K$1.5M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue80¢$63.9M
  • Selling, general and admin13¢$10.7M
  • Income tax0¢$207.0K
  • Profit6¢$5.2M

Out of $78.6M in revenue.4

Where each dollar of operating cash went, fiscal 2025

  • Capital spending6¢$211.0K
  • Kept or used elsewhere94¢$3.3M

Out of $3.5M of cash from operations.4

Financial statements

Revenue564$78.6M in 2025−19% since 2022
0$25.0M$50.0M$75.0M$100.0M2022: $96.7M$96.7M20222023: $35.6M$35.6M2023−63%2024: $39.1M$39.1M2024+10%2025: $78.6M$78.6M2025+101%
Operating income564$4.0M in 2025
-$10.0M-$5.0M0$5.0M2022: -$9.2M-$9.2M20222023: -$4.4M-$4.4M2023−52%2024: -$8.6M-$8.6M2024+94%2025: $4.0M$4.0M2025
Net income564$5.2M in 2025
-$60.0M-$40.0M-$20.0M0$20.0M2022: -$9.4M-$9.4M20222023: -$52.8M-$52.8M2023+464%2024: -$40.6M-$40.6M2024−23%2025: $5.2M$5.2M2025

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Revenue$78.6M$39.1M
Cost of revenue$63.9M$32.2M
Selling, general and administrative$10.7M$15.5M
Total costs and expenses$74.6M$47.7M
Operating income (loss)$4.0M-$8.6M
Other income, net$10.1M$212.0K
Other expense-$6.1M$0
Loss from change in fair value of financial instruments-$2.1M-$3.0M
Loss on extinguishment of debt$0-$2.8M
Interest expense, net-$4.8M-$7.5M
Other income (expenses), net-$2.9M-$13.1M
Income (loss) before provision for income taxes and discontinued operations$1.1M-$21.7M
Provision for (benefit from) incomes taxes$207.0K-$507.0K
Net income (loss) from continuing operations$854.0K-$21.2M
Net income (loss) from discontinued operations, net of taxes$4.3M-$19.5M
Net income (loss)$5.2M-$40.6M
Net income (loss) per share from continuing operations, basic (in dollars per share)$0-$13
Net income (loss) per share from continuing operations, diluted (in dollars per share)$0-$13
Net income (loss) per share from discontinued operations, basic (in dollars per share)$1-$12
Net income (loss) per share from discontinued operations, diluted (in dollars per share)$1-$12
Net income (loss) per share, basic (in dollars per share)$1.18-$24.42
Net income (loss) per share, diluted (in dollars per share)$1.18-$24.42
Weighted average common share outstanding, basic (in shares)4.4M shares1.7M shares
Weighted average common share outstanding, diluted (in shares)4.4M shares1.7M shares

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Leadership

Who has led Volato Group, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. John G. Backus2021

President

  1. Keith Rabin2023–2024

Chief financial officer

  1. Steven P. Mullins2021
  2. Mark Heinen2023–now

Chief operating officer

  1. Michael Patrick Prachar2023–now
2025
Board members and other officers (13)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive Officer, DirectorMatthew Liotta named Dec 26, 2024 to Jun 22, 202626
  • DirectorAlan Gaines named Jun 22, 202626
  • DirectorMichael Nichols named Dec 26, 2024 to Jun 22, 202626

Former names

  • PROOF Acquisition Corp IMay 28, 2021 to Dec 4, 20232

Timeline

  1. Nov 30, 2021New chief executive John G. Backus becomes CEO10

Filings

327 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 89 major events, 55 insider forms, 18 large holders, 2 private raises, 141 other. The latest 20:

  1. Oct 13, 20264 EDGAR
  2. Oct 13, 20263 EDGAR
  3. Oct 9, 20268-K EDGAR
  4. Sep 28, 20268-K EDGAR
  5. Sep 21, 20268-K EDGAR
  6. Sep 11, 20268-K EDGAR
  7. Sep 4, 20268-K EDGAR
  8. Aug 28, 20268-K EDGAR
  9. Aug 14, 202610-Q EDGAR
  10. Jul 23, 20268-K EDGAR
  11. Jul 6, 20268-K EDGAR
  12. Jul 6, 2026SCHEDULE 13G EDGAR
  13. Jul 6, 2026SCHEDULE 13G EDGAR
  14. Jul 2, 2026EFFECT EDGAR
  15. Jul 2, 2026424B3 EDGAR
  16. Jul 2, 20268-K EDGAR
  17. Jul 1, 20264 EDGAR
  18. Jul 1, 2026424B5 EDGAR
  19. Jun 30, 2026CORRESP EDGAR
  20. Jun 29, 20268-K EDGAR

The 327 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

8 open-market trades by officers, directors and large owners since October 2021: 4 buys and 4 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 30, 2025Cooper Nicholas JamesDirectorSale21,258$1.27$27.0KForm 4
Jun 27, 2025Cooper Nicholas JamesDirectorSale1,800$1.29$2.3KForm 4
Jun 26, 2025Cooper Nicholas JamesDirectorSale3,128$1.38$4.3KForm 4
Dec 30, 2024Cooper Nicholas JamesDirectorSale459,005$0.26$119.3KForm 4
Jun 7, 2024Prachar Michael PatrickChief Operating OfficerBuy1,235$0.80$988Form 4
Jun 6, 2024Liotta MatthewChief Executive OfficerBuy6,000$0.81$4.9KForm 4
Jun 6, 2024Heinen MarkChief Financial OfficerBuy8,500$0.80$6.8KForm 4
Mar 28, 2024Liotta MatthewChief Executive OfficerBuy3,000$3.53$10.6KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Jun 18, 2026Raised $2.2 million in a private offering of equity Form D: 3 investors so far Form D
  2. Dec 4, 2024Raised $4.5 million in a private offering of debt Form D: $36 million offered in all Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Vanguard Capital Management LLC427,843$69.3K0.0%+418,061
Geode Capital Management, LLC190,927$31.0K0.0%+50,491
UBS Group AG80,458$13.0K0.0%−722
StoneX Group Inc.80,000$13.0K0.0%New
Vanguard Fiduciary Trust Co52,075$8.4K0.0%No change
Northern Trust Corp48,125$7.8K0.0%+32,034
XTX Topco Ltd28,625$4.6K0.0%+2,508
Citigroup Inc28,319$4.6K0.0%+26,166
IFP Advisors, Inc5,000$8110.0%New
PNC Financial Services Group, Inc.200$320.0%No change
SBI Securities Co., Ltd.125$200.0%+124
National Bank Of Canada /fi/3$00.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

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