Volato Group, Inc.
For the period ended Mar 31, 2026. Filed May 15, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 15, 2026
SOAR$0.19-7.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
(Amounts in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating activities: | ||
| Net income (loss) from continuing operations | $(2,583) | $360 |
| Net income (loss) from discontinued operations | (51) | 95 |
| Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities: | ||
| Depreciation and amortization expense | 58 | 85 |
| Non-monetary exchange | 32 | — |
| Stock compensation expense | 30 | 46 |
| Gain from sale of asset | (1,094) | — |
| (Gain) loss from disposal property and equipment | 26 | (6) |
| Loss from sale of consolidated entity | — | 35 |
| Gain on settlement of liabilities | (6) | — |
| Loss on dividend payable | 101 | — |
| Amortization right-of-use asset | 10 | 9 |
| Amortization of debt discount | — | 98 |
| Change in fair value of convertible notes | 60 | 849 |
| Loss on investment in M2i | 821 | — |
| Loss on investment in flyExclusive | 74 | — |
| Loss on aviation asset option | 324 | — |
| Changes in assets and liabilities: | ||
| Accounts receivable | 70 | 1 |
| Contract assets, net | (184) | — |
| Prepaid and other current assets | (621) | (92) |
| Deposits | 30 | 1,800 |
| Account payable and accrued liabilities | (149) | 40 |
| Customers’ deposits and deferred revenue | 605 | (2,063) |
| Change in assets and liabilities of discontinued operations | (126) | (1,569) |
| Net cash provided by (used in) operating activities from continuing operations | (2,396) | 1,162 |
| Net cash used in operating activities from discontinued operations | (177) | (1,474) |
| Net cash used in operating activities | (2,573) | (312) |
| Investing activities: | ||
| Cash payment for property and equipment | (176) | — |
| Proceeds from the sale of property and equipment | — | 21 |
| Net cash (used in) provided by investing activities | (176) | 21 |
| Financing activities: | ||
| Principal payment on lease obligations | (10) | (9) |
| Repayment of loans | — | (1,124) |
| Costs of share issuance | (36) | — |
| Net cash used in financing activities | (46) | (1,133) |
| Net decrease in cash | (2,795) | (1,424) |
| Cash, beginning of period | 4,698 | 4,000 |
| Cash, end of period | $1,903 | $2,576 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $1 | $1,224 |
| Cash paid for income taxes | $48 | $— |
| Non-Cash Investing and Financing Activities: | ||
| Note receivable from sale of GC Aviation, Inc. | $— | $1,800 |
| Non-cash interest | $— | $1,176 |
| In-kind dividend paid | $(1,738) | $— |
| Credit facility for aircraft deposit | $— | $(19,500) |
| Issuance of shares for convertible notes | $4,043 | $— |
| Investment in flyExclusive | $1,738 | $— |
| Financing for aircraft purchase | $— | $19,629 |
| Payment on liability for aircraft purchase | $— | $(19,718) |
| Deposits on aircraft | $— | $21,000 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.