Volato Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	58.31	46.29	35.57	96.71	1.06
Revenue Growth (YoY)	-0.04%	30.12%	-63.21%	9059.08%	-
Cost of Revenue	48.83	38.79	30.78	94.28	0.85
Gross Profit	9.48	7.5	4.79	2.43	0.2
Selling, General & Admin	12.16	16.86	9.24	11.61	2.37
Operating Expenses	12.16	16.86	9.24	11.61	2.4
Operating Income	-2.68	-9.37	-4.44	-9.19	-2.19
Interest Expense	-5.49	-7.49	-3.36	-0.87	-0.06
Other Non Operating Income (Expenses)	8.9	-2.61	-13.22	0.02	-
EBT Excluding Unusual Items	0.72	-19.47	-21.02	-10.04	-2.25
Gain (Loss) on Sale of Investments	-0.16	-0.16	-	-	-0.01
Gain (Loss) on Sale of Assets	-	-	0.39	0.58	0.76
Other Unusual Items	-2.8	-2.8	-	-	-
Pretax Income	-2.28	-22.43	-20.63	-9.46	-1.51
Income Tax Expense	0.03	-0.51	0	-0.06	-
Earnings From Continuing Operations	-2.3	-21.93	-20.64	-9.4	-1.51
Earnings From Discontinued Operations	11.6	-18.72	-32.19	-	-
Net Income to Company	9.3	-40.65	-52.82	-9.4	-1.51
Minority Interest in Earnings	-	-	-	0.03	0.03
Net Income	9.3	-40.65	-52.82	-9.37	-1.47
Net Income to Common	9.3	-40.65	-52.82	-9.37	-1.47
Shares Outstanding (Basic)	4	2	1	0	0
Shares Outstanding (Diluted)	5	2	1	0	0
Shares Change (YoY)	209.44%	172.96%	2605.65%	83.45%	-
EPS (Basic)	2.32	-24.42	-86.62	-415.61	-119.92
EPS (Diluted)	2.32	-24.42	-86.62	-415.61	-119.92
Free Cash Flow	-8.94	-17.06	-31.03	-21.69	-18.3
Free Cash Flow Per Share	-1.96	-10.25	-50.89	-962.42	-1489.33
Gross Margin	16.26%	16.19%	13.48%	2.51%	19.18%
Operating Margin	-4.59%	-20.23%	-12.48%	-9.50%	-207.88%
Profit Margin	15.95%	-87.81%	-148.49%	-9.69%	-139.54%
Free Cash Flow Margin	-15.33%	-36.86%	-87.23%	-22.43%	-1733.01%
EBITDA	-2.44	-9.12	-4.3	-9.02	-2.17
EBITDA Margin	-4.18%	-19.71%	-12.08%	-9.33%	-205.39%
D&A For EBITDA	0.24	0.24	0.14	0.16	0.03
EBIT	-2.68	-9.37	-4.44	-9.19	-2.19
EBIT Margin	-4.59%	-20.23%	-12.48%	-9.50%	-207.88%
Advertising Expenses	-	4.5	2.8	-	0.39

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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