SOAR: Volato Group Inc Financial Statements
Balance sheet, income statement, and cash flow statements for Volato Group Inc (SOAR).
$7.30M Market Cap.
SOAR Market Cap. (MRY)
SOAR Shares Outstanding (MRY)
SOAR Assets (MRY)
Total Assets
$46.30M
Total Liabilities
$62.63M
Total Investments
$0
SOAR Income (MRY)
Revenue
$46.29M
Net Income
-$40.65M
Operating Expense
$16.86M
SOAR Cash Flow (MRY)
CF Operations
-$16.92M
CF Investing
-$115.00K
CF Financing
$4.31M
SOAR Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $46,299,000 (-35.44%) | $71,712,000 (137.01%) | $30,257,000 (101.84%) | $14,990,295 |
Assets Current | $43,314,000 (-6.85%) | $46,498,000 (334.52%) | $10,701,000 (160.32%) | $4,110,680 |
Assets Non-Current | $2,985,000 (-88.16%) | $25,214,000 (28.93%) | $19,556,000 (79.75%) | $10,879,615 |
Goodwill & Intangible Assets | $0 (0%) | $2,026,000 (-9.96%) | $2,250,000 (1280.37%) | $163,000 |
Shareholders Equity | -$16,334,000 (-210.73%) | $14,751,000 (360.20%) | -$5,669,000 (-256.94%) | $3,612,172 |
Property Plant & Equipment Net | $847,000 (0.12%) | $846,000 (-55.98%) | $1,922,000 (-81.69%) | $10,495,883 |
Cash & Equivalents | $40,300,000 (-29.42%) | $57,098,000 (174.05%) | $20,835,000 (1150.66%) | $1,665,916 |
Accumulated Other Comprehensive Income | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Deferred Revenue | $11,386,000 (302.19%) | $2,831,000 (30.88%) | $2,163,000 (0%) | $0 |
Total Investments | $0 (0%) | $0 (0%) | $1,159,000 (611.04%) | $163,000 |
Investments Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Investments Non-Current | $0 (0%) | $0 (0%) | $1,159,000 (611.04%) | $163,000 |
Inventory | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Trade & Non-Trade Receivables | $2,000 (-99.55%) | $442,000 (-76.49%) | $1,880,000 (344.67%) | $422,785 |
Trade & Non-Trade Payables | $5,452,000 (28.13%) | $4,255,000 (16.16%) | $3,663,000 (605.45%) | $519,245 |
Accumulated Retained Earnings (Deficit) | -$104,307,000 (-63.84%) | -$63,662,000 (-487.29%) | -$10,840,000 (-635.75%) | -$1,473,328 |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Tax Liabilities | $0 (0%) | $305,000 (0.00%) | $305,000 (0%) | $0 |
Total Debt | $33,072,000 (13.41%) | $29,161,000 (-2.13%) | $29,795,000 (396.58%) | $6,000,000 |
Debt Current | $32,944,000 (56.08%) | $21,107,000 (-13.26%) | $24,334,000 (305.57%) | $6,000,000 |
Debt Non-Current | $128,000 (-98.41%) | $8,054,000 (47.48%) | $5,461,000 (0%) | $0 |
Total Liabilities | $62,633,000 (9.96%) | $56,961,000 (58.55%) | $35,926,000 (407.40%) | $7,080,356 |
Liabilities Current | $62,200,000 (30.57%) | $47,637,000 (57.95%) | $30,160,000 (325.97%) | $7,080,356 |
Liabilities Non-Current | $433,000 (-95.36%) | $9,324,000 (61.71%) | $5,766,000 (0%) | $0 |
SOAR Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $46,288,000 (30.12%) | $35,573,000 (-63.22%) | $96,706,000 (9059.07%) | $1,055,849 |
Cost of Revenue | $38,792,000 (26.03%) | $30,779,000 (-67.35%) | $94,280,000 (10949.02%) | $853,288 |
Selling General & Administrative Expense | $16,861,000 (82.58%) | $9,235,000 (-20.46%) | $11,611,000 (470.41%) | $2,035,553 |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Operating Expenses | $16,861,000 (82.58%) | $9,235,000 (-20.46%) | $11,611,000 (384.31%) | $2,397,446 |
Interest Expense | $7,493,000 (123.14%) | $3,358,000 (287.76%) | $866,000 (1395.40%) | $57,911 |
Income Tax Expense | -$507,000 (-25450.00%) | $2,000 (103.64%) | -$55,000 (0%) | $0 |
Net Loss Income from Discontinued Operations | $18,719,000 (-41.84%) | $32,186,000 (0%) | $0 (0%) | $0 |
Consolidated Income | -$40,645,000 (23.05%) | -$52,822,000 (-461.94%) | -$9,400,000 (-523.68%) | -$1,507,185 |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | -$33,000 (2.53%) | -$33,857 |
Net Income | -$40,645,000 (23.05%) | -$52,822,000 (-463.92%) | -$9,367,000 (-535.77%) | -$1,473,328 |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Net Income Common Stock | -$40,645,000 (23.05%) | -$52,822,000 (-463.92%) | -$9,367,000 (-535.77%) | -$1,473,328 |
Weighted Average Shares | $1,664,502 (172.96%) | $609,800 (35.28%) | $450,755 (83.44%) | $245,723 |
Weighted Average Shares Diluted | $1,664,502 (172.96%) | $609,800 (35.28%) | $450,755 (83.44%) | $245,723 |
Earning Before Interest & Taxes (EBIT) | -$33,659,000 (31.95%) | -$49,462,000 (-478.10%) | -$8,556,000 (-504.49%) | -$1,415,417 |
Gross Profit | $7,496,000 (56.36%) | $4,794,000 (97.61%) | $2,426,000 (1097.66%) | $202,561 |
Operating Income | -$9,365,000 (-110.88%) | -$4,441,000 (51.65%) | -$9,185,000 (-318.47%) | -$2,194,885 |
SOAR Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$115,000 (-106.48%) | $1,776,000 (-65.48%) | $5,145,000 (143.55%) | -$11,814,626 |
Net Cash Flow from Financing | $4,311,000 (-88.49%) | $37,461,000 (66.07%) | $22,558,000 (32.45%) | $17,031,124 |
Net Cash Flow from Operations | -$16,919,000 (44.33%) | -$30,393,000 (-41.81%) | -$21,432,000 (-493.96%) | -$3,608,314 |
Net Cash Flow / Change in Cash & Cash Equivalents | -$12,723,000 (-243.86%) | $8,844,000 (41.03%) | $6,271,000 (289.94%) | $1,608,184 |
Net Cash Flow - Business Acquisitions and Disposals | $0 (0%) | $0 (0%) | -$1,171,000 (0%) | $0 |
Net Cash Flow - Investment Acquisitions and Disposals | $0 (0%) | $0 (0%) | $6,575,000 (128.70%) | $2,875,000 |
Capital Expenditure | -$115,000 (81.95%) | -$637,000 (-145.95%) | -$259,000 (98.24%) | -$14,689,626 |
Issuance (Repayment) of Debt Securities | $4,217,000 (-67.27%) | $12,883,000 (-42.80%) | $22,523,000 (208.53%) | $7,300,000 |
Issuance (Purchase) of Equity Shares | $94,000 (147.37%) | $38,000 (8.57%) | $35,000 (-99.34%) | $5,329,124 |
Payment of Dividends & Other Cash Distributions | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Effect of Exchange Rate Changes on Cash | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Share Based Compensation | $211,000 (19.89%) | $176,000 (935.29%) | $17,000 (325.00%) | $4,000 |
Depreciation Amortization & Accretion | $375,000 (87.50%) | $200,000 (23.46%) | $162,000 (517.31%) | $26,243 |
SOAR Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 16.20% (20.00%) | 13.50% (440.00%) | 2.50% (-86.98%) | 19.20% |
Profit Margin | -87.80% (40.88%) | -148.50% (-1430.93%) | -9.70% (93.05%) | -139.50% |
EBITDA Margin | -71.90% (48.09%) | -138.50% (-1491.95%) | -8.70% (93.39%) | -131.60% |
Return on Average Equity (ROAE) | 329.90% (-28.10%) | 458.80% (237.11%) | 136.10% | - |
Return on Average Assets (ROAA) | -71.40% (-53.55%) | -46.50% (-1007.14%) | -4.20% | - |
Return on Sales (ROS) | -72.70% (47.70%) | -139.00% (-1479.55%) | -8.80% (93.44%) | -134.10% |
Return on Invested Capital (ROIC) | 145.40% (362.93%) | -55.30% (-1282.50%) | -4.00% | - |
Dividend Yield | 0% (0%) | 0% (0%) | 0% (0%) | 0% |
Price to Earnings Ratio (P/E) | -0.25 (76.97%) | -1.09 (91.10%) | -12.25 (70.62%) | -41.71 |
Price to Sales Ratio (P/S) | 0.22 (-86.40%) | 1.62 (36.54%) | 1.19 (-97.97%) | 58.24 |
Price to Book Ratio (P/B) | -0.45 (-106.91%) | 6.47 (110.45%) | -61.89 (-189.34%) | 69.28 |
Debt to Equity Ratio (D/E) | -3.83 (-199.30%) | 3.86 (160.94%) | -6.34 (-423.32%) | 1.96 |
Earnings Per Share (EPS) | -24.42 (71.81%) | -86.62 (-317.45%) | -20.75 (-245.83%) | -6 |
Sales Per Share (SPS) | 27.81 (-52.33%) | 58.34 (-72.81%) | 214.54 (4892.83%) | 4.3 |
Free Cash Flow Per Share (FCFPS) | -10.23 (79.89%) | -50.89 (-5.75%) | -48.12 (35.38%) | -74.47 |
Book Value Per Share (BVPS) | -9.81 (-140.57%) | 24.19 (292.34%) | -12.58 (-185.56%) | 14.7 |
Tangible Assets Book Value Per Share (TABVPS) | 27.82 (-75.66%) | 114.28 (83.92%) | 62.13 (2.97%) | 60.34 |
Enterprise Value Over EBIT (EV/EBIT) | 0 (0%) | -3 (92.68%) | -41 (76.84%) | -177 |
Enterprise Value Over EBITDA (EV/EBITDA) | 0.11 (103.91%) | -2.81 (93.25%) | -41.62 (76.91%) | -180.21 |
Asset Turnover | 0.81 (159.74%) | 0.31 (-28.54%) | 0.44 | - |
Current Ratio | 0.7 (-28.69%) | 0.98 (174.93%) | 0.35 (-38.90%) | 0.58 |
Dividends | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Free Cash Flow (FCF) | -$17,034,000 (45.10%) | -$31,030,000 (-43.05%) | -$21,691,000 (-18.54%) | -$18,297,940 |
Enterprise Value (EV) | -$3,651,753 (-102.64%) | $138,456,462 (-60.37%) | $349,343,133 (39.55%) | $250,336,646 |
Earnings Before Tax (EBT) | -$41,152,000 (22.09%) | -$52,820,000 (-460.60%) | -$9,422,000 (-539.50%) | -$1,473,328 |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | -$33,284,000 (32.43%) | -$49,262,000 (-486.87%) | -$8,394,000 (-504.24%) | -$1,389,174 |
Invested Capital | -$23,129,000 (-292.82%) | -$5,888,000 (-186.50%) | $6,807,000 (-43.66%) | $12,081,023 |
Working Capital | -$18,886,000 (-1558.12%) | -$1,139,000 (94.15%) | -$19,459,000 (-555.26%) | -$2,969,676 |
Tangible Asset Value | $46,299,000 (-33.56%) | $69,686,000 (148.82%) | $28,007,000 (88.89%) | $14,827,295 |
Market Capitalization | $7,296,247 (-92.35%) | $95,395,518 (-72.81%) | $350,865,000 (40.21%) | $250,250,000 |
Average Equity | -$12,319,250 (-7.00%) | -$11,512,794 (-67.24%) | -$6,884,056 | - |
Average Assets | $56,934,750 (-49.92%) | $113,696,478 (-48.52%) | $220,845,728 | - |
Invested Capital Average | -$23,154,000 (-125.91%) | $89,379,514 (-58.12%) | $213,422,161 | - |
Shares | 1,191,224 (17.85%) | 1,010,813 (-26.75%) | 1,380,000 (38.00%) | 1,000,000 |
