Debt Reduced ~80% Year-Over-Year, Below Merger Closing Threshold as Vaunt Growth Continues

Volato Group, Inc. (the "Company" or "Volato") (NYSE:SOAR) today reported that Vaunt annual recurring revenue doubled to approximately $3.0 million in Q1 2026, while total debt declined by nearly 80% year-over-year to approximately $8.3 million, positioning the Company below a key closing threshold for its proposed merger with M2i Global.

Key Highlights

  • Vaunt ARR reached approximately $3.0M in Q1 2026 (+100% YoY)
  • Sequential growth continues:
    • Q4 2025: +21%
    • Q1 2026 projected: ~14%
  • Debt reduced ~80% YoY to ~$8.3M, below $10M merger closing threshold
  • Stockholder vote scheduled for April 20, 2026