Volatus Aerospace (FLT) Q2 2025 earnings summary

Executive summary

• Q2 2025 revenue reached $10.6 million, up 49% year-over-year, driven by strong growth in both equipment and service sales.

• Gross profit was $3.38 million with a 32% margin, reflecting a higher mix of equipment sales.

• Adjusted EBITDA loss improved 85% year-over-year to $(276,000), reflecting operational efficiencies and cost discipline.

• Cash position strengthened to approximately $20 million after subsequent financing events.

• Strategic contract wins, regulatory approvals, and expanded partnerships position the business for long-term growth.

Financial highlights

• Q2 revenue of $10.6 million, up 49% year-over-year; equipment sales up 114% year-over-year and 104% quarter-over-quarter, services up 16% year-over-year and 71% quarter-over-quarter.

• Gross profit for Q2 was $3.38 million (32% margin), up from $2.5 million last year.

• Adjusted EBITDA loss narrowed to $(276,000) from $(1.85 million) in Q2 2024.

• First half revenue totaled $16.3 million, up 19% year-over-year; gross profit $5.2 million, margin steady at 32%.

• Cash position at quarter-end was $6.1 million, rising to $20 million after subsequent financing.

Outlook and guidance

• Expecting further profitability improvements in the second half as IT and technology consolidation completes.

• Focus remains on disciplined execution for enterprise and government clients and progress toward profitability.

• Anticipates more activity in domestic cargo with Canary drones, but meaningful scaling expected from 2027.

• Natilus cargo aircraft expected to enter service in 2030, with first production slot secured.

• Recent financing allocated to expand defense segment and accelerate commercialization.