VOLATO GROUP, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | $78.6M | $39.1M | $35.6M | $0 |
| Cost of Revenue | $63.9M | $32.2M | $30.8M | $94.3M |
| Gross Profit | $14.7M | $6.9M | $4.8M | $-94.3M |
| Gross Margin | 18.7% | 17.6% | 13.5% | — |
| Operating Expenses | ||||
| Research & Development | — | — | — | — |
| SG&A Expense | $10.7M | $15.5M | $9.2M | $11.6M |
| Operating Income | $4.0M | $-8.6M | $-4.4M | $-9.2M |
| Operating Margin | 5.0% | -22.1% | -12.5% | — |
| Interest Expense | — | — | — | — |
| Pretax Income | $1.1M | $-21.7M | $-20.6M | $-9.5M |
| Income Tax Expense | $207.0K | $-507.0K | $2.0K | $-55.0K |
| Net Income | $5.2M | $-40.6M | $-52.8M | $-9.4M |
| Net Margin | 6.6% | -104.0% | -148.5% | — |
| EPS (Basic) | $1.18 | $-8.14 | $-9.62 | $-0.09 |
| EPS (Diluted) | $1.18 | $-8.14 | $-9.62 | $-0.09 |
| Shares Outstanding (Basic) | 4.4M | 5.0M | 5.5M | 101.4M |
| Shares Outstanding (Diluted) | 4.4M | 5.0M | 5.5M | 101.4M |
| Dividends Per Share | — | — | — | — |