Volato Group, Inc.

SOAR
About the company

Volato Group, Inc. operates as a private aviation company in the United States. The company offers fractional ownership, aircraft management, jet cards, deposit, and charter programs. It also sells airplanes; and provides Vaunt, a software-as-a-service subscription platform.

Country: United StatesPrice: $0.17Market Cap: $9.9M

Investment snapshot

12%positive consensus
Scored 1d ago

Positive

2

BUY / PASS

Neutral / negative

4 / 10

NEUTRAL / FAIL

Median fair value

$16.70

+9440.0% vs price

Models with upside

4 / 17

Positive margin of safety

Strongest signal

SOAR undervalued: all 4 models price fair value above $0.17 (median $16.70)

Key risk

No clean pass — all 8 investors flag at least one growth criterion

Framework analysis

VerdictMeaning
BUYPositive purchase signal: the framework's buy requirements are met.
PASSThe company clears the framework's checklist or screen, but the framework does not produce a buy signal. For valuation frameworks this often means margin of safety is missing, insufficient, or unavailable; some screen-only frameworks have no intrinsic-value BUY state.
NEUTRALNeither a positive nor negative conclusion. It does not mean to hold an existing position.
FAILThe company does not clear the framework's requirements.
RankedRanked strategies do not use PASS: selected cohort is BUY, outside the cohort is FAIL, and unranked is NEUTRAL.

Current investor scores use trailing 12-month flows and the latest balance sheet where supported. Multi-year and EPS tests retain annual history; each framework shows its financial basis below. Intrinsic values use annual financials.

MetricGraham

Defensive Value

Buffett

Quality Compounder

Lynch

GARP

Greenblatt

Magic Formula

Piotroski

F-Score

Dreman

Contrarian Value

Munger

Quality Focus

Pabrai

Dhandho Framework

Akre

Three-Legged Stool

Marks

Risk-Aware Value

Ackman

Activist Value

Templeton

Global Bargain Hunter

Sleep

Scale Economies Shared

Asness

Systematic Factors

Neff

Low-P/E Total Return

Schloss

Asset-Value Discipline

O'Shaughnessy

Systematic Factor Composite

VerdictFAILFAILFAILNot rankedNEUTRALFAILPASSNEUTRALPASSFAILFAILFAILFAILNEUTRALFAILFAILNEUTRAL
Score
AnalysisChecking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…
Intrinsic Value (annual)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Margin of SafetyN/A+98.8%N/AN/AN/AN/A+98.7%+99.1%N/AN/A+99.3%N/AN/AN/AN/AN/AN/A
Financial Basis

TTM ended 2026-06-30 · Balance sheet at 2026-06-30 · Annual history · FY 2025

Latest source filing: 2026-08-14

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-03-12

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-06-30 vs 2025-06-30 · TTM ended 2026-06-30

Latest source filing: 2026-08-14

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-03-12

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-03-12

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-06-30 · Balance sheet at 2026-06-30 · Market data at 2026-11-01

Latest source filing: 2026-08-14

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2025

Latest source filing: 2026-03-12

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2025

Latest source filing: 2026-03-12

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment · TTM ended 2026-06-30

Latest source filing: 2026-08-14

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment

Latest source filing: 2026-03-12

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-06-30 · Market data at 2026-11-01

Latest source filing: 2026-08-14

Score computed: 2026-11-14

Annual history · FY 2025 · Price history 2025-01-01–2026-11-01

Latest source filing: 2026-03-12

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment

Latest source filing: 2026-03-12

Score computed: 2026-11-14

TTM ended 2026-06-30 · Balance sheet at 2026-06-30 · Price history 2025-01-01–2026-11-01 · Annual history · FY 2025

Latest source filing: 2026-08-14

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-06-30

Latest source filing: 2026-08-14

Score computed: 2026-11-14

Annual history · FY 2025 · Balance sheet at 2026-06-30

Latest source filing: 2026-08-14

Score computed: 2026-11-14

TTM ended 2026-06-30 · Annual history · FY 2025 · Price history 2025-01-01–2026-11-01

Latest source filing: 2026-08-14

Score computed: 2026-11-14

Where It Passes

  • Valuation models100% pass✓ 4▾

    SOAR undervalued: all 4 models price fair value above $0.17 (median $16.70)

    Buffett fair value$14.17
    ✓Buffett+98.8% margin vs $0.17
    Munger fair value$13.63
    ✓Munger+98.7% margin vs $0.17
    Pabrai fair value$19.22
    ✓Pabrai+99.1% margin vs $0.17
    Ackman fair value$26.79
    ✓Ackman+99.3% margin vs $0.17

Where It Falls Short

  • Growth0% pass✓ 3✗ 10▾

    No clean pass — all 8 investors flag at least one growth criterion

    EPS Growth (3-yr avg, 10-yr window)N/A (negative base EPS)
    ✗Graham>= 33% growth
    Basic earnings-growth PEG (dividends excluded)P/E 0.1x (growth N/A)
    ✗Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR
    ✗Lynch15-30% (Fast Grower); > 0% to pass
    Inventory Growth vs Revenue GrowthN/A (no inventory)
    ✓LynchInventory growth < Revenue growth
    EPS Growth Direction$-0.83 (2022) -> $1.18 (2025)
    ✓DremanPositive over recent years
    EPS CAGR
    ✗Dreman> 5% annualized
    Positive Net Income Frequency1/4 years positive
    ✗MarksPositive net income in >= 7 of last 10 years
    3yr Median Revenue Growth55.5%
    ✓Ackman>= 5%
    Positive EPS Growth Frequency1/3 years with positive EPS growth
    ✗AckmanPositive EPS growth in >= 3 of last 5 years
    5-Year EPS CAGR
    ✗Templeton> 0% (5-year EPS CAGR)
    Revenue growth vs. gross and operating margin trendgross margin 13.5% -> 18.7%, operating margin -12.5% -> 5.0%
    ✗SleepRevenue rising; gross margin flat or falling; operating margin holding
    5-year Revenue CAGR
    ✗SleepCAGR > 7%
    3-5 Year Diluted EPS CAGR
    ✗Neff7%-20% annualized
  • Profitability6% pass✓ 8✗ 27▾

    15 of 16 flag SOAR's profitability — Graham, Buffett, Lynch +12 more

    Positive EPS (10 years)1/6 years positive
    ✗GrahamPositive EPS every year for 10 years
    EPS Growth (3-yr avg, 10-yr window)N/A (negative base EPS)
    ✗Graham>= 33% growth
    Net Income Positive (10+ years)1/6 years positive
    ✗BuffettPositive every year for 10+ years
    ROE (up to 5-year arithmetic mean)-358.1%
    ✗Buffett> 15% arithmetic mean (app rule)
    Operating Margin (10-yr trend)
    ✗BuffettStable or rising over 10 years
    Free Cash Flow Proxy$5.3M
    ✓BuffettPositive and growing
    Earnings Variance (10-yr CoV)
    ✗BuffettCoV < 0.3
    Retained Earnings Effectiveness
    ✗Buffett$1 retained -> > $1 market value created
    Basic earnings-growth PEG (dividends excluded)P/E 0.1x (growth N/A)
    ✗Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR
    ✗Lynch15-30% (Fast Grower); > 0% to pass
    ROE-103.0%
    ✗Lynch> 15%
    EBIT / Enterprise Value41.9%
    ✓Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=41.9%, ROC=N/A (invested capital <= 0)
    ✗GreenblattBoth EY > 10% and ROC > 25%
    Net Income / Total Assets43.27%
    ✓PiotroskiROA > 0
    ROA Change YoY-87.79% -> 43.27% (delta: +131.06%)
    ✓PiotroskiCurrent ROA > Prior ROA
    (CFO / Total Assets) vs ROACFO/Assets=29.21%, ROA=43.27%
    ✗PiotroskiCFO/Assets > ROA
    Gross Margin Change YoY17.6% -> 18.7%
    ✓PiotroskiImproved YoY
    Pre-Tax Income / Revenue-23.8%
    ✗Dreman>= 8%
    Net Income / Shareholders' Equity-103.0%
    ✗Dreman> 12%
    Margin of SafetyP/E=0.1x
    ✓PabraiP/B < 1.5 or P/E < 15
    Return on Equity-358.1% (3-yr avg)
    ✗AkreROE > 20% (3-year avg)
    Discount to Intrinsic ValueN/A (negative normalized EPS)
    ✗Marks>= 20% below intrinsic value
    Positive Net Income Frequency1/4 years positive
    ✗MarksPositive net income in >= 7 of last 10 years
    Operating Income / Revenue-14.7%
    ✗Ackman>= 15%
    Net Income / Shareholders Equity-103.0%
    ✗Ackman>= 15%
    5-Year EPS CAGR
    ✗Templeton> 0% (5-year EPS CAGR)
    Operating Margin Trend-12.5% (2023) -> 5.0% (2025)
    ✓TempletonNon-negative operating-margin trend over 3 years
    Revenue growth vs. gross and operating margin trendgross margin 13.5% -> 18.7%, operating margin -12.5% -> 5.0%
    ✗SleepRevenue rising; gross margin flat or falling; operating margin holding
    Net income / market capitalization-35.95%; #4903/6340 (top 77.3%)
    ✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
    Gross profit / total assets+122.87%; #96/3702 (top 2.6%)
    ✓AsnessTop 30% of eligible cross-section
    Net income / positive book equity-103.00%; #4609/5226 (top 88.2%)
    ✗AsnessTop 30% of eligible cross-section
    Negative 5-year standard deviation of ROA-0.5100; #4946/5884 (top 84.1%)
    ✗AsnessTop 30% of eligible cross-section
    3-5 Year Diluted EPS CAGR
    ✗Neff7%-20% annualized
    Positive Diluted-EPS Years
    ✗Schloss>= 70% positive over 5-10 observed years (app rule)
  • Debt & Leverage17% pass✓ 2✗ 13▾

    10 of 12 flag SOAR's debt & leverage — Graham, Buffett, Lynch +7 more

    LT Debt vs Net Current Assets
    ✗GrahamLT Debt <= Net Current Assets
    Debt/Equity & Interest CoverageD/E: N/A (negative equity), IC: 4.0x
    ✗BuffettD/E < 0.5 AND Interest Coverage > 5x
    Total Debt / EquityN/A (negative equity)
    ✗Lynch< 0.33
    Cash - Long-term Debt
    ✗LynchPositive preferred
    LT Debt / Total Assets Change0.00% -> 0.00%
    ✓PiotroskiDecreased YoY
    Current Assets / Current Liabilities1.11
    ✗Dreman> 1.5✗SchlossCurrent ratio >= 1.50x (app cutoff)
    Total Debt / Shareholders' Equity
    ✗Dreman< 0.8✗Templeton< 1.0 (fixed cap; proxy for below-sector-median leverage)✗SchlossD/E < 1.00x
    Debt LevelsN/A (non-positive equity)
    ✗MungerDebt/Equity < 0.5✗AkreDebt/Equity < 0.3
    Interest Coverage & Debt/EBITDAIC=4.0x, D/EBITDA=1.0x
    ✓MarksInterest Coverage > 3x; Debt/EBITDA < 4x
    Total Debt / Shareholders Equity
    ✗Ackman<= 1.0
    Negative debt-to-equity (higher means less debt)
    ✗AsnessTop 30% of eligible cross-section
  • Verdicts17% pass✓ 2✗ 10▾

    Split decision: 10 FAIL · 4 NEUTRAL · 2 PASS

    Overall verdict
    ✗GrahamFAIL (0/9)✗BuffettFAIL (1/9)✗LynchFAIL (1/7)•GreenblattNot ranked•PiotroskiNEUTRAL (F-Score 7)✗DremanFAIL (3/11)✓MungerPASS (2/4)•PabraiNEUTRAL (2/3)✓AkrePASS (3/6)✗MarksFAIL (2/5)✗AckmanFAIL (2/9)✗TempletonFAIL (3/8)✗SleepFAIL (1/6)•AsnessNEUTRAL (Not ranked)✗NeffFAIL (1/6)✗SchlossFAIL (0/7)•OshaughnessyNEUTRAL (Not ranked)
  • Valuation23% pass✓ 9✗ 19▾

    10 of 13 flag SOAR's valuation — Graham, Lynch, Greenblatt +7 more

    Price / 3-yr avg EPS
    ✗Graham<= 15x
    Price-to-Book Ratio
    ✗Graham<= 1.5x
    P/E x P/B
    ✗Graham<= 22.5
    Basic earnings-growth PEG (dividends excluded)P/E 0.1x (growth N/A)
    ✗Lynch< 1.0 (ideally < 0.5)
    EBIT / Enterprise Value41.9%
    ✓Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=41.9%, ROC=N/A (invested capital <= 0)
    ✗GreenblattBoth EY > 10% and ROC > 25%
    Price / EPS0.1x
    ✓Dreman< 12x✓Templeton< 12x (fixed ceiling; proxy for the market's cheapest 40%)
    Price / (CFO / Shares)0.2x
    ✓Dreman< 8x
    Price / Book Value per ShareN/A (negative BVPS)
    ✗Dreman< 1.2x✗Templeton< 1.5x✗SchlossP/B <= 0.80x (app cutoff)
    Valuation ReasonablenessP/E=0.1x, OE Yield=685.0%
    ✓MungerP/E < 25 or Owner Earnings Yield > 5%
    P/E or FCF YieldP/E=0.1x, FCF Yield=33.0%
    ✓PabraiP/E < 15 or FCF Yield > 10%
    P/B or P/E vs. Historical AverageP/E=0.1x
    ✓MarksP/E < 15 or P/B < 2.0
    Discount to Intrinsic ValueN/A (negative normalized EPS)
    ✗Marks>= 20% below intrinsic value
    Price / FCF per Share0.2x
    ✓Ackman<= 25
    Price vs. Trailing Low129% of trailing low ($0.14)
    ✗Templeton<= 120% of trailing low (certified split-adjusted live window)
    Net income / market capitalization-35.95%; #4903/6340 (top 77.3%)
    ✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
    Positive book equity / market capitalization+0.3490; #3468/6449 (top 53.8%)
    ✗AsnessTop 30% of eligible cross-section
    Price / Diluted EPS0.1x
    ✓NeffP/E <= 15x (app proxy for a P/E 40%-60% below the market)
    (EPS CAGR % + Dividend Yield %) / P/E
    ✗Neff> 0.7 (Neff's published traditional edge)
    Price / Tangible Book Value per ShareN/A (non-positive TBVPS)
    ✗SchlossP/TBV <= 1.00x (app cutoff)
    Book Value per Share Change
    ✗SchlossLatest BVPS >= earliest BVPS over >= 3 years (app rule)
    Revenue / market capitalization+2.9580; #818/5247 (top 15.6%)
    ✗OshaughnessyTop 10% of eligible cross-section
    (Operating cash flow - capex) / market capitalization-4.69%; #2957/4519 (top 65.4%)
    ✗OshaughnessyTop 10% of eligible cross-section
    Trailing six-month price return through the evaluation date+2.94%; #2308/6202 (top 37.2%)
    ✗OshaughnessyTop 10% of eligible cross-section
  • Efficiency25% pass✓ 4✗ 7▾

    6 of 8 flag SOAR's efficiency — Graham, Buffett, Greenblatt +3 more

    Current Ratio1.11
    ✗Graham>= 2.0
    ROIC (3-5 yr avg)-52.4%
    ✗Buffett> 10%
    ROIC - WACC-62.4%
    ✗BuffettPositive (WACC = 10%)
    EBIT / (NWC + Net Fixed Assets)N/A (invested capital <= 0)
    ✗Greenblatt> 25%
    Current Ratio Change YoY0.70 -> 0.72
    ✓PiotroskiIncreased YoY
    Revenue / Total Assets Change YoY0.84x -> 6.57x
    ✓PiotroskiImproved YoY
    Current Assets / Current Liabilities1.11
    ✗Dreman> 1.5
    Return on Invested Capital131.4%
    ✓Munger> 15%
    ROIC (high and growing)FY2023: ROIC=-15.4%; FY2024: ROIC=unavailable; FY2025: ROIC=131.4%
    ✗AkreLatest 3 consecutive FYs: ROIC > 15% in each
    Reinvestment Rate x ROIC131.4% (RR=100% x ROIC=131.4%)
    ✓AkreReinvestment Rate * ROIC > 10%
    ROIC (5-year)1/3 years above 12% (latest 131.4%)
    ✗SleepROIC > 12% in a majority of years
  • Cash Flow30% pass✓ 5✗ 7▾

    7 of 10 flag SOAR's cash flow — Lynch, Piotroski, Marks +4 more

    Free Cash Flow Proxy$5.3M
    ✓BuffettPositive and growing
    FCF Positive and Growing$-0.5M
    ✗LynchPositive and growing
    Operating Cash Flow$3.5M
    ✓PiotroskiCFO > 0
    (CFO / Total Assets) vs ROACFO/Assets=29.21%, ROA=43.27%
    ✗PiotroskiCFO/Assets > ROA
    Price / (CFO / Shares)0.2x
    ✓Dreman< 8x
    P/E or FCF YieldP/E=0.1x, FCF Yield=33.0%
    ✓PabraiP/E < 15 or FCF Yield > 10%
    FCF Positive1/4 years FCF positive
    ✗MarksPositive FCF in majority of recent years
    (OCF - CapEx) / Market Cap-60.7%
    ✗Ackman>= 4%
    Price / FCF per Share0.2x
    ✓Ackman<= 25
    Positive Operating Cash Flow frequency1/4 years positive
    ✗SleepPositive OCF in >= 70% of available years
    Operating Cash Flow - Capital Expenditures$-0.5M
    ✗Neff> $0 (app proxy for a strong fundamental case)
    (Operating cash flow - capex) / market capitalization-4.69%; #2957/4519 (top 65.4%)
    ✗OshaughnessyTop 10% of eligible cross-section

Business & financials

Financial snapshot: annual FY 2025. Current investor scores may use newer quarterly data.

Company Profile

Industry: Transportation
SIC Sector: Air Transportation
Size: Micro Cap($9.9M)
Revenue: $78.6M+101.1% YoY
Net Income: $5.2M+112.7% YoY

Financial Snapshot

Operating Margin5.0%
Return on Equity-279.8%
Debt / Equity-2.29
Current Ratio0.72
EPS (Diluted)$1.18

Company Financials

Latest TTM and quarters alongside annual years

TTM sums four consecutive quarters and uses the latest quarter-end balances. Quarter columns show three-month results; annual columns show full-year totals. Growth compares the same period a year earlier. EPS is not added for TTM; full-year ratios are blank for quarters.

The latest annual period end is unavailable. Showing the latest fiscal cycle’s quarters; quarter and annual columns may overlap. Quarterly shows the full quarter history.

MetricTTM · 2026-06-30

2025-07-01 – 2026-06-30

Sources · derived quarter values

Derived from cumulative filings: operating cash flow, depreciation amortization, capex, revenue, net income, operating income, ebit, pre tax income.

Q2 FY 2026

2026-04-01 – 2026-06-30

Sources · derived quarter values

Derived from cumulative filings: operating cash flow, depreciation amortization, capex.

Q1 FY 2026

2026-01-01 – 2026-03-31

Sources
FY 2025
Sources
  • 10-K · 2026-03-12
FY 2024
Sources
  • 10-K · 2025-03-31
FY 2023
Sources
  • 10-K · 2024-03-26
FY 2022
Sources
  • 10-K · 2023-02-27
FY 2021
Sources
  • 10-K · 2023-02-27
Market Cap$9.9Mcurrent----$2.8Mest.$359.6Kest.$1.4Best.$2.6Best.--
Revenue$29.4M↓68%$152.0K↓99%$997.0K↓96%$78.6M↑101%$39.1M↑10%$35.6M$0--
Operating Income-$4.3M↓286%-$2.5M↓389%-$2.3M↓193%$4.0M↑146%-$8.6M↓94%-$4.4M↑52%-$9.2M--
Net Income-$3.6M↓57%-$2.1M↓157%-$2.6M↓679%$5.2M↑113%-$40.6M↑23%-$52.8M↓464%-$9.4M--
EPS (Diluted)--$-0.06↓108%$-0.18↓700%$1.18↑105%$-24.42↓606%$-3.46↓317%$-0.83--
Gross Margin———18.7%↑6%17.6%↑31%13.5%——
Operating Margin-14.7%↓683%-1657.9%↓47356%-235.4%↓2475%5.0%↑123%-22.1%↓77%-12.5%——
ROE-103.0%↓419%——-279.8%↓212%248.8%↑169%-358.1%↓317%165.2%—
Total Debt----$247.0K↓95%$4.2M↑4%$4.0M↓50%$8.1M↓65%$23.0M--
Shareholders' Equity$3.5M↑149%$3.5M↑149%-$446.0K↑97%-$1.8M↑89%-$16.3M↓211%$14.8M↑360%-$5.7M↑19%-$7.0M
Current Ratio1.11↑109%1.11↑109%0.69↑29%0.72↑3%0.70↓29%0.98↑175%0.35↓98%16.33
Debt / Equity——-0.55↓79%-2.29↓823%-0.25↓145%0.55↑113%-4.06—
Operating Cash Flow$101.0K↑101%-$282.0K↓133%-$2.6M↓725%$3.5M↑121%-$16.9M↑44%-$30.4M↓42%-$21.4M--
Free Cash Flow-$466.0K↑95%-$462.0K↓154%-$2.7M↓781%$3.3M↑119%-$17.1M↑45%-$31.0M↓43%-$21.7M--

Score history

Historical Score Timeline

Industry peers

Industry Peers

Similar companies in Transportation

SOAR vs Peers — Financial Grading

Revenue$78.6MBottom 25%
Net Income$5.2MBottom 25%
ROE-279.8%Bottom 25%
D/E-2.29Top 25%
Op. Margin5.0%Bottom 25%
Curr. Ratio0.72Median
CompanyMarket CapPriceRevenueNet IncomeROED/EOp. MarginCurr. RatioGrahamBuffettLynchGreenblattPiotroskiDreman
UNION PACIFIC CORPUNP$179.7B$302.44$24.5B$7.1B38.7%1.7240.2%0.912/94/94/70/3F-Score 73/11
CSX CORPCSX$95.9B$52.05$14.1B$2.9B22.0%1.4332.1%0.812/94/93/70/3F-Score 53/11
ROYAL CARIBBEAN CRUISES LTDRCL$86.5B$323.27$17.9B$4.3B42.5%2.1327.4%0.181/91/91/70/3F-Score 73/11
CANADIAN NATIONAL RAILWAY COCNI$76.3B$127.18————————————
NORFOLK SOUTHERN CORPNSC$73.6B$327.88$12.2B$2.9B18.5%1.1035.8%0.853/96/93/70/3F-Score 65/11
MPLX LPMPLX$58.0B$57.25$13.0B$5.0B34.6%1.7945.7%1.232/94/94/71/3F-Score 68/11
Carnival Corp Ltd.CCL$39.3B$29.23$26.6B$2.8B22.5%2.1716.8%0.321/91/92/70/3F-Score 74/11
OLD DOMINION FREIGHT LINE, INC.ODFL$36.0B$174.54$5.5B$1.0B23.7%0.0124.8%1.443/97/95/71/3F-Score 65/11