- Volato Group (SOAR, Financial) projects full-year profitability in 2025, leveraging strong Q1 performance and expanding revenue streams.
- The company achieved a Q1 net income of $500K and reduced liabilities by $23 million, targeting an additional $15 million reduction in Q2.
- Volato's aircraft-trading program contributed significantly with $25 million in revenue, supporting its strategy to monetize high-demand aircraft.
Volato Group, Inc. (SOAR), a leading technology-driven private aviation company, is on track to achieve full-year profitability in 2025. Bolstered by a robust execution in the first quarter, the company is focusing on expanding its revenue streams and reducing liabilities. In Q1, Volato reported $25.5 million in revenue and a net income of $500,000, while successfully cutting total liabilities by $23.4 million, including a major reduction in senior lender debt.
For the second quarter, Volato anticipates revenue ranging from $24 million to $26 million, and net income between $2 million and $3 million. The company's aircraft-trading program was a pivotal contributor to the improved financial performance, delivering $25 million in revenue. This program is part of Volato's strategic effort to monetize high-demand aircraft, thereby facilitating revenue generation through capital-efficient structures involving third-party charter operators.
CEO and Co-Founder Matt Liotta emphasized the company's commitment to debt reduction and profitability, stating, "We set clear goals to reduce debt, generate cash, and move the business toward profitability—and that's exactly what we've done." CFO Mark Heinen added that Volato has already reduced liabilities by $13 million in Q2 and is on track to meet the $15 million reduction target. The company's working capital tied up in aircraft inventory decreased significantly from $12 million at the end of Q1 to just $3 million currently.
Volato's platform businesses, including the rapidly growing Vaunt experiential travel platform, have also driven momentum in Q1. Vaunt, which now supports over 110 aircraft through a network of premium operators, has seen recent product enhancements that allow for booking commercial flights and hotels alongside private flights. This positions Vaunt as a defining tool in the travel sector.
The company is evaluating a targeted equity raise to support near-term execution while preserving flexibility and minimizing dilution. With diversified revenue contributions from aircraft transactions, aviation software, travel subscriptions, and partnerships, Volato is building a multi-channel business model focused on scalability and long-term shareholder value.
