{"url_path":"/sec/soar/8-k/2026-07-06/item-2-02","section_key":"item-2-02","section_title":"Item 2.02 Results of Operations and Financial Condition.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-06","source_url":"https://www.sec.gov/Archives/edgar/data/1853070/0001493152-26-032092-index.html","accession_number":"0001493152-26-032092","cik":"0001853070","ticker":"SOAR","issuer_name":"Volato Group, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1853070/0001493152-26-032092-index.html","primary_entity_key":"0001853070","primary_entity_name":"Volato Group, Inc."},"word_count":426,"has_tables":true,"body_markdown":"**Item\n2.02 Results of Operations and Financial Condition.**\n\n** **\n\nOn\nJuly 6, 2026 Volato Group, Inc. (the “Company”) issued a press release announcing its preliminary financial results and operating\nupdate for the second quarter ended June 30, 2026. The full text of the press release is furnished as Exhibit 99.1 to this Current Report\non Form 8-K and is incorporated by reference herein.\n\n \n\nThe\nunaudited financial information presented in the press release and this Current Report on Form 8-K is preliminary and may change. The\nCompany’s financial closing procedures with respect to the estimated financial information provided are not yet complete, and as\na result, the Company’s final results may vary materially from the preliminary results. The Company undertakes no obligation to\nupdate or supplement the information provided in the press release and this Current Report on Form 8-K until the Company releases its\nfinancial statements for the three months ended June 30, 2026, which will be reported in the Company’s Quarterly Report on Form\n10-Q for the quarter ended June 30, 2026. The preliminary financial information included in in the press release and this Current Report\non Form 8-K reflects the Company’s current estimates based on information available as of the date hereof and has been prepared\nby Company management. This preliminary financial information should not be viewed as a substitute for full financial statements prepared\nin accordance with GAAP and is not necessarily indicative of the results to be achieved for any future periods. This preliminary financial\ninformation could be impacted by the effects of financial closing procedures, final adjustments, and other developments.\n\n \n\n**Preliminary\nSecond Quarter 2026 Highlights**\n\n** **\n\n \n●\nAll outstanding convertible notes were eliminated during the\nsecond quarter, leaving the Company with no convertible notes outstanding as of June 30, 2026.\n\n \n \n \n\n \n●\nTotal liabilities, excluding deferred revenue, declined approximately\n75% year-over-year to approximately $5 million. Deferred revenue is a non-cash liability and is excluded to provide investors with additional\ninsight into the Company’s cash obligation.\n\n \n \n \n\n \n●\nCash and cash equivalents of approximately $8.4 million as\nof June 30, 2026.\n\n \n \n \n\n \n●\nRecord Vaunt cash sales of approximately $2.2 million, representing\n56% sequential growth compared to the first quarter of 2026 and 199% growth year-over-year.\n\n \n \n \n\n \n●\nVaunt Annual Recurring Revenue (ARR) projected to reach approximately\n$4.7 million as of June 30, 2026, representing 51% sequential quarter-end growth and 250% year-over-year growth.\n\n \n \n \n\n \n●\nVaunt membership: Approximately 2,743 active paid members,\nup 20% sequentially and 71% year-over-year.\n\n \n \n \n\n \n●\nApp downloads: Approximately 346,000 cumulative downloads.\n\n \n \n \n\n \n●\nMore than 2,500 flights booked and flown through the Vaunt\nplatform since launch."}