--- title: "Volato | 10-Q: FY2026 Q1 Revenue: USD 997 K" type: "News" locale: "en" url: "https://longbridge.com/en/news/286632502.md" datetime: "2026-05-16T04:07:39.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286632502.md) - [en](https://longbridge.com/en/news/286632502.md) - [zh-HK](https://longbridge.com/zh-HK/news/286632502.md) --- # Volato | 10-Q: FY2026 Q1 Revenue: USD 997 K Revenue: As of FY2026 Q1, the actual value is USD 997 K. EPS: As of FY2026 Q1, the actual value is USD -0.18. EBIT: As of FY2026 Q1, the actual value is USD -2.374 M. Volato Group, Inc. operates in a single reportable segment, private aviation services, generating revenue from airplane sales and software-as-a-service subscriptions. All financial metrics are reported for this segment . #### Segment Revenue - **Total Revenue**: - Three months ended March 31, 2026: $997 thousand . - Three months ended March 31, 2025: $25,483 thousand . - **Aircraft Sales Revenue**: - Three months ended March 31, 2026: $0 . - Three months ended March 31, 2025: $25,100 thousand . - **Subscription Revenue**: - Three months ended March 31, 2026: $997 thousand . - Three months ended March 31, 2025: $383 thousand . #### Operational Metrics - **Cost of Revenue**: - Three months ended March 31, 2026: $294 thousand . - Three months ended March 31, 2025: $20,987 thousand . - **Aircraft Sales Cost of Revenue**: - Three months ended March 31, 2026: $0 . - Three months ended March 31, 2025: $20,930 thousand . - **Subscription Cost of Revenue**: - Three months ended March 31, 2026: $294 thousand . - Three months ended March 31, 2025: $57 thousand . - **Selling, General and Administrative Expenses**: - Three months ended March 31, 2026: $3,050 thousand . - Three months ended March 31, 2025: $1,970 thousand . - The increase was primarily due to a $0.5 million rise in accounting, legal, and other professional fees related to the merger with M2i, a $0.4 million increase in professional fees and software development for the Vaunt platform, and a $0.2 million increase in salaries and wages for the Parslee platform . - **Operating Income (Loss)**: - Three months ended March 31, 2026: - $2,347 thousand (loss) . - Three months ended March 31, 2025: $2,526 thousand (income) . - **Other Income (Expenses)**: - **Other Income, Net**: - Three months ended March 31, 2026: $26 thousand . - Three months ended March 31, 2025: $1,181 thousand . - **Gain on Sale of Asset**: - Three months ended March 31, 2026: $1,094 thousand, related to the sale of Mission Control software to flyExclusive . - **Loss from Change in Fair Value of Financial Instruments**: - Three months ended March 31, 2026: - $1,378 thousand . - Three months ended March 31, 2025: - $849 thousand . - The 2026 loss includes - $0.8 million from Investment in M2i, - $174 thousand from Investment in flyExclusive, - $0.3 million from the aviation asset option, and - $60 thousand from Convertible Notes . - **Interest Income (Expense), Net**: - Three months ended March 31, 2026: $27 thousand (income) . - Three months ended March 31, 2025: - $2,400 thousand (expense) . - **Net Income (Loss) from Continuing Operations**: - Three months ended March 31, 2026: - $2,583 thousand . - Three months ended March 31, 2025: $360 thousand . - **Net Income (Loss) from Discontinued Operations**: - Three months ended March 31, 2026: - $51 thousand . - Three months ended March 31, 2025: $95 thousand . - **Net Income (Loss)**: - Three months ended March 31, 2026: - $2,634 thousand . - Three months ended March 31, 2025: $455 thousand . #### Cash Flow (in thousands) - **Net Cash Used in Operating Activities**: - Three months ended March 31, 2026: - $2,573 . - Three months ended March 31, 2025: - $312 . - **Net Cash Used in Investing Activities**: - Three months ended March 31, 2026: - $176 . - Three months ended March 31, 2025: $21 (provided) . - **Net Cash Used in Financing Activities**: - Three months ended March 31, 2026: - $46 . - Three months ended March 31, 2025: - $1,133 . - **Net Decrease in Cash**: - Three months ended March 31, 2026: - $2,795 . - Three months ended March 31, 2025: - $1,424 . #### Unique Metrics (in thousands) - **Cash and Cash Equivalents**: - As of March 31, 2026: $1,903 . - As of December 31, 2025: $4,698 . - **Working Capital Deficit**: - As of March 31, 2026: Approximately - $0.3 million . - **Accumulated Deficit**: - As of March 31, 2026: Approximately - $103.4 million . - **Investment in M2i**: - As of March 31, 2026: $376 . - As of December 31, 2025: $1,197 . - **Investment in flyExclusive**: - As of March 31, 2026: $1,021 . - As of December 31, 2025: $1,739 . - **Aviation Asset Option**: - As of March 31, 2026: $0 . - As of December 31, 2025: $324 . - **Capitalized Software Development Costs**: - Three months ended March 31, 2026: $172 thousand capitalized, with $27 thousand amortization expense . - **Contract Assets, Net**: - As of March 31, 2026: $820, with $455 thousand capitalized and - $271 thousand in amortization during the period . #### Future Outlook and Strategy Volato Group, Inc. is strategically shifting its aircraft ownership fleet operations to flyExclusive to reduce costs and focus on high-growth areas such as aircraft sales and proprietary software, including the Vaunt platform . The company is also pursuing a merger with M2i Global, Inc., which is expected to result in M2i’s stockholders owning approximately 85% of the combined entity, and is developing an enterprise AI platform . Despite facing substantial doubt about its ability to continue as a going concern due to a net loss of - $2.6 million, a working capital deficit of - $0.3 million, and an accumulated deficit of - $103.4 million, the company plans to fund operations through financial instruments and prudent expense management . ### Related Stocks - [SOAR.US](https://longbridge.com/en/quote/SOAR.US.md) ## Related News & Research - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [Advance Auto Parts Reports First Quarter 2026 Results; Reaffirms Full Year 2026 Guidance | AAP Stock News](https://longbridge.com/en/news/287202242.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [Correction: NextNRG to Host First Quarter 2026 Financial Results Conference Call on May 18, 2026 at 9:00 a.m. ET | NXXT Stock News](https://longbridge.com/en/news/286673001.md) - [Ealixir Reports First Quarter 2026 Results | EAXR Stock News](https://longbridge.com/en/news/287216349.md)