Volato (SOAR) Operating Expenses (2022 - 2026)
Volato (SOAR) recorded Operating Expenses of $3.34 million in Q1 2026, down 85.4% from $22.96 million a year earlier and down 86.5% from the prior quarter.
Powered by 
Analysis
Volato (SOAR) Operating Expenses (2022 - 2026) Analysis & Trends
On a TTM basis, Volato's Operating Expenses came in at $54.99 million as of Mar 31, 2026, down 17.0% year-over-year; for FY2025, it was $74.6 million, up 56.4% from FY2024.
- Annual Operating Expenses has a four-year compound annual growth rate of 273.6% (FY2021 to FY2025).
- Across earlier years, Operating Expenses came in at $47.69 million in FY2024 (+19.2%), $40.01 million in FY2023 (-62.2%), $105.89 million in FY2022 and $383,077 in FY2021.
- Quarterly Operating Expenses has ranged from $362,596 in Q3 2022 to $104.54 million in Q4 2022 over the past five years.
- On a year-over-year basis, Operating Expenses rose in four of the last eight quarters, with growth averaging 231.9%.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 687.1% in Q4 2025, against a decline of 91.9% in Q3 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $24.71 million (Q4 2025), $2.95 million (Q3 2025) and $23.98 million (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | 178,646.00 |
| 2 | Veeva Systems | 45.35 Bn | 17.59 Bn | 695.95 Mn | 420.93 Mn |
| 3 | Samsara | 22.20 Bn | 18.97 Bn | 392.58 Mn | 387.71 Mn |
| 4 | Toast | 17.53 Bn | 10.20 Bn | 516.00 Mn | 364.00 Mn |
| 5 | Ptc | 15.47 Bn | 14.28 Bn | 490.47 Mn | 323.96 Mn |
| 6 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn | 542.90 Mn |
| 7 | Duolingo | 12.56 Bn | 7.73 Bn | 216.74 Mn | 182.80 Mn |
| 8 | Manhattan Associates | 11.77 Bn | 10.77 Bn | 168.33 Mn | 231.56 Mn |
| 9 | Costar | 10.95 Bn | 4.91 Bn | 728.00 Mn | 652.00 Mn |
| 10 | Volato | 11.14 Mn | 11.14 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 3.34 Mn |
| Dec 31, 2025 | 24.71 Mn |
| Sep 30, 2025 | 2.95 Mn |
| Jun 30, 2025 | 23.98 Mn |
| Mar 31, 2025 | 22.96 Mn |
| Dec 31, 2024 | 3.14 Mn |
| Sep 30, 2024 | 36.33 Mn |
| Jun 30, 2024 | 3.83 Mn |
| Mar 31, 2024 | 4.38 Mn |
| Dec 31, 2023 | 19.60 Mn |
| Sep 30, 2023 | 5.49 Mn |
| Jun 30, 2023 | 22.30 Mn |
| Mar 31, 2023 | 23.58 Mn |
| Dec 31, 2022 | 104.54 Mn |
| Sep 30, 2022 | 362,596.00 |
| Jun 30, 2022 | 499,429.00 |
| Mar 31, 2022 | 493,675.00 |
API Access
Volato Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=SOAR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "SOAR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=SOAR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();