Volato (SOAR)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	5.60 mm	5.60 mm	5.60 mm	5.60 mm	5.60 mm	5.60 mm
Cash burn (monthly)	550.00 k	379.58 k	(no burn)	6.58 mm	1.25 mm	1.45 mm
Cash used (since last report)	2.35 mm	1.62 mm	n/a	28.12 mm	5.34 mm	6.19 mm
Cash remaining	3.25 mm	3.98 mm	n/a	-22.52 mm	261.16 k	-592.64 k
Runway (months of cash)	5.9	10.5	n/a	-3.4	0.2	-0.4

Beta Read what these cash burn values mean

Financial data from Volato earnings reports.

Institutional ownership, Q2 2023

SOAR institutional ownership history Ownership history

23.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	52	69	-24.6%
Opened positions	18	10	+80.0%
Closed positions	35	16	+118.8%
Increased positions	2	6	-66.7%
Reduced positions	28	35	-20.0%

13F shares	Current	Prev Q	Change
Total value	1.41 bn	272.79 bn	-99.5%
Total shares	10.59 mm	26.12 mm	-59.5%
Total puts	449.92 k	0.00	NEW
Total calls	412.17 k	15.00 k	+2647.8%
Total put/call ratio	1.1	–	–

Largest owners	Shares	Value	Change
Periscope Capital	1.34 mm	$101.54 mm	+65.4%
Gritstone Asset Management	950.00 k	$68.88 mm	NEW
Calamos Advisors	750.00 k	$57.64 mm	-50.0%
Cubist Systematic Strategies	589.60 k	$42.75 mm	-55.1%
Aristeia Capital	475.00 k	$36.50 mm	-54.1%
Verition Fund Management	472.77 k	$34.32 mm	-21.2%
Castle Creek Arbitrage	449.75 k	$32.61 mm	-26.3%
GS The Goldman Sachs Group, Inc.	431.16 k	$31.26 mm	NEW
Polar Asset Management Partners	375.00 k	$27.19 mm	-50.0%
Linden Advisors	350.00 k	$26.92 mm	-12.5%

Largest transactions	Shares	Bought/sold	Change
Magnetar Financial	0.00	-2.26 mm	EXIT
Highbridge Capital Management	0.00	-1.18 mm	EXIT
Gritstone Asset Management	950.00 k	+950.00 k	NEW
Saba Capital Management	300.00 k	-879.40 k	-74.6%
Calamos Advisors	750.00 k	-750.00 k	-50.0%
Balyasny Asset Management	0.00	-750.00 k	EXIT
Cubist Systematic Strategies	589.60 k	-722.78 k	-55.1%
NMR Nomura	0.00	-690.00 k	EXIT
Cantor Fitzgerald, L. P.	0.00	-656.16 k	EXIT
Marshall Wace	0.00	-614.88 k	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

SOAR insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
30 Dec 24	Cooper Nicholas James	Common Stock	Sell	Dispose S	No	No	0.2604	459,005	119.52 k	3,353,560
10 Dec 24	Liotta Matthew	Common Stock	Option exercise	Acquire M	No	No	0.16	146,910	23.51 k	5,314,474
10 Dec 24	Liotta Matthew	Employee Stock Option Common Stock	Option exercise	Dispose M	No	No	0.16	146,910	23.51 k	0
5 Dec 24	Liotta Matthew	Common Stock	Option exercise	Acquire M	Yes	No	0.75	88,140	66.11 k	279,264
5 Dec 24	Liotta Matthew	Employee Stock Option Common Stock	Option exercise	Dispose M	Yes	No	0.75	88,140	66.11 k	0
7 Jun 24	Michael Patrick Prachar	Common Stock	Buy	Acquire P	No	No	0.8	1,235	988.00	1,235
7 Jun 24	Mike Nichols	Common Stock	Grant	Acquire A	No	No	0	37,799	0.00	81,868
7 Jun 24	Steve Drucker	Common Stock	Grant	Acquire A	No	No	0	23,890	0.00	25,890
7 Jun 24	Steve Drucker	RSU Common Stock	Grant	Acquire A	No	No	0	42,630	0.00	42,630