Volato Group (SOAR) Q2 2026 earnings summary

Executive summary

• Transitioned aircraft management to flyExclusive in late 2024, focusing on proprietary software and aircraft sales.

• Terminated planned merger with M2i in June 2026, shifting strategic focus to alternative transactions.

• Sold intellectual property assets to flyExclusive for $1.3 million in Q1 2026; divested all flyExclusive shares by June 2026.

Financial highlights

• Revenue for Q2 2026 was $1.0 million, down 96% year-over-year due to no aircraft deliveries; six-month revenue was $2.0 million, also down 96%.

• Net loss from continuing operations was $2.2 million for Q2 2026 and $4.8 million for the first half, compared to net income of $2.7 million and $3.0 million, respectively, in 2025.

• Subscription revenue from the Vaunt platform increased by $0.6 million in Q2 and $1.2 million in the first half year-over-year.

• Cost of revenue decreased 99% year-over-year, reflecting the absence of aircraft sales.

• Selling, general, and administrative expenses rose by $0.3 million in Q2 and $1.4 million in the first half, mainly due to legal and professional fees.

Outlook and guidance

• No additional aircraft deliveries expected in 2026; focus remains on software and subscription growth.

• Management expects to fund operations through cash on hand, future equity or debt offerings, and prudent expense management.

• Substantial doubt exists about the ability to continue as a going concern without additional capital.