Volato Group, Inc.
For the period ended Dec 31, 2025. Filed Mar 12, 2026.
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FY2025 · Filed Mar 12, 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 Balance Sheets as of December 31, 202 and
(Amounts in thousands, except par value amounts)
| December 31,2025 | December 31,2024 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash | $4,698 | $2,161 |
| Restricted cash | — | 1,839 |
| Accounts receivable, net | 101 | 2 |
| Contract assets, net | 636 | — |
| Deposits | 70 | 36,000 |
| Note receivable, current | 206 | — |
| Investment in M2i | 1,197 | — |
| Investment in flyExclusive | 1,739 | — |
| Aviation asset option | 324 | — |
| Prepaid expenses and other current assets | 572 | 1,031 |
| Current assets - discontinued operations | 267 | 2,281 |
| Total current assets | 9,810 | 43,314 |
| Property and equipment, net | 323 | 680 |
| Operating lease, right-of-use assets | 128 | 167 |
| Deposits | — | 300 |
| Note receivable, non-current | 1,693 | — |
| Non-current assets - discontinued operations | — | 1,838 |
| Total assets | $11,954 | $46,299 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT) | ||
| Current liabilities: | ||
| Accounts payable and accrued liabilities | $3,394 | $5,452 |
| Dividend payable | 1,637 | — |
| Convertible notes, net | 4,230 | 4,050 |
| Operating lease liability | 43 | 39 |
| Credit facility and other loans | — | 28,855 |
| Customer deposits and deferred revenue | 2,823 | 11,386 |
| Current liabilities - discontinued operations | 1,591 | 12,418 |
| Total current liabilities | 13,718 | 62,200 |
| Operating lease liability, non-current | 85 | 128 |
| Non-current liabilities - discontinued operations | — | 305 |
| Total liabilities | $13,803 | $62,633 |
| COMMITMENTS AND CONTINGENCIES (Note 15) | ||
| Shareholders’ deficit: | ||
| Common Stock Class A, $0.0001 par value; 200,000,000 authorized; 9,510,784 and 1,843,852 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $5 | $5 |
| Additional paid-in capital | 98,917 | 87,968 |
| Accumulated deficit | (100,771) | (104,307) |
| Total shareholders’ deficit | (1,849) | (16,334) |
| Total liabilities and shareholders’ equity | $11,954 | $46,299 |
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