Volato (SOAR) Operating Expenses (2022 - 2026)
Volato (SOAR) posted quarterly Operating Expenses of $3.3 million for Q1 2026, down 85.43% year-over-year from $23.0 million in Q1 2025, and down 86.47% quarter-over-quarter from $24.7 million in Q4 2025.
Volato (SOAR) Operating Expenses (2022 - 2026) Analysis & Trends
Volato's Operating Expenses history runs 5 years deep, the most recent figure standing at $3.3 million for Q1 2026.
- In Q1 2026, Operating Expenses fell 85.43% year-over-year to $3.3 million; the TTM figure through Mar 2026 stood at $55.0 million (down 17.02% YoY), while the FY2025 annual figure was $74.6 million, up 56.43% from the prior year.
- Operating Expenses for Q1 2026 stood at $3.3 million, down from $24.7 million in the prior quarter.
- The five-year high for Operating Expenses was $104.5 million in Q4 2022, with the low at $362596.0 in Q3 2022.
- The 5-year median for Operating Expenses is $5.5 million (2023), against an average of $17.8 million.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses soared 4676.02% in 2023, then plunged 91.89% in 2025.
- Volato's Operating Expenses stood at $104.5 million in 2022, then slumped by 81.25% to $19.6 million in 2023, then tumbled by 83.98% to $3.1 million in 2024, then surged by 687.07% to $24.7 million in 2025, then tumbled by 86.47% to $3.3 million in 2026.
- Business Quant data shows SOAR's Operating Expenses at $3.3 million in Q1 2026, $24.7 million in Q4 2025, and $2.9 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Southeast Airport | 7.87 Bn | 7.22 Bn | - | - |
| 2 | Joby Aviation | 7.33 Bn | 7.33 Bn | 10.34 Mn | 299.52 Mn |
| 3 | Central North Airport | 4.97 Bn | 4.80 Bn | - | - |
| 4 | Corporacion America Airports | 3.82 Bn | 3.06 Bn | 198.55 Mn | -64.78 Mn |
| 5 | AerSale | 263.03 Mn | 252.97 Mn | - | - |
| 6 | Icts International N V | 224.60 Mn | 284.43 Mn | - | - |
| 7 | Wheels Up Experience | 174.90 Mn | 40.97 Mn | - | - |
| 8 | Saker Aviation Services | 5.71 Mn | -2.30 Mn | -11,875.00 | 86,736.00 |
| 9 | Volato | 2.33 Mn | 48,465.44 | 703,000.00 | 3.34 Mn |
Historic Data
Download 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 |