Volato Group, Inc.
For the period ended Jun 30, 2026. Filed Aug 14, 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.
Jun 30, 2026 · Filed Aug 14, 2026
SOAR$0.19-7.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
(Amounts in thousands)
| Six Months Ended June 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating activities: | ||
| Net income (loss) from continuing operations | $(4,788) | $3,043 |
| Net income from discontinued operations | 103 | 1,014 |
| Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities: | ||
| Depreciation and amortization expense | 120 | 169 |
| Non-monetary exchange | 32 | 54 |
| Stock compensation expense | 30 | 603 |
| Gain from sale of contract asset | (830) | — |
| (Gain) loss from disposal property and equipment | 26 | 6 |
| Loss from sale of consolidated entity | — | 35 |
| Gain on settlement of liabilities | (108) | (4,324) |
| Loss on dividend payable | 101 | — |
| Amortization right-of-use asset | 21 | 19 |
| Amortization of debt discount | — | 283 |
| Change in fair value of convertible notes | 63 | 750 |
| Loss on investment in M2i | 981 | — |
| Gain on termination of certain investment shares of M2i | (959) | |
| Loss on investment in flyExclusive | 128 | — |
| Loss on aviation asset option | 324 | — |
| Changes in assets and liabilities: | ||
| Accounts receivable | 89 | (30) |
| Contract assets, net | (468) | (211) |
| Prepaid and other current assets | (237) | 73 |
| Deposits | 17 | 5,237 |
| Account payable and accrued liabilities | 467 | (914) |
| Deferred revenue and customers’ deposits | 1,798 | (1,511) |
| Change in assets and liabilities of discontinued operations | 235 | (3,760) |
| Net cash (used in) provided by operating activities from continuing operations | (3,193) | 3,282 |
| Net cash provided by (used in) operating activities from discontinued operations | 338 | (2,746) |
| Net cash (used in) provided by operating activities | (2,855) | 536 |
| Investing activities: | ||
| Cash payment for property and equipment | (356) | — |
| Proceeds from the sale of property and equipment | — | 30 |
| Net cash (used in) provided by investing activities | (356) | 30 |
| Financing activities: | ||
| Principal payment on lease obligations | (21) | (19) |
| Repayment of loans | — | (1,124) |
| Proceeds from the issuance of convertible notes, net | — | 1,350 |
| Proceeds from the issuance of shares under “at the market” | 3,585 | — |
| Proceeds from PIPE | 2,210 | — |
| Proceeds from Registered Direct offering | 1,621 | — |
| Costs of common stock issuance | (442) | (66) |
| Net cash provided by financing activities | 6,953 | 141 |
| Net increase in cash | 3,742 | 707 |
| Cash, beginning of period | 4,698 | 4,000 |
| Cash, end of period | $8,440 | $4,707 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $1 | $1,652 |
| Cash paid for income taxes | $252 | $165 |
| Non-Cash Investing and Financing Activities: | ||
| Note receivable from sale of GC Aviation, Inc. | $— | $1,800 |
| Non-cash interest | $— | $1,977 |
| In-kind dividend paid | $(1,738) | $— |
| Credit facility for aircraft deposit | $— | $(28,000) |
| Issuance of shares for convertible notes | $4,293 | $4,676 |
| Investment in flyExclusive | $1,738 | $— |
| Issuance of flyExclusive shares as part of PIPE | $967 | $— |
| Financing for aircraft purchase | $— | $37,506 |
| Payment on liability for aircraft purchase | $— | $(37,595) |
| Deposits on aircraft | $— | $28,500 |
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