Volato Group, Inc. (NYSE American: SOAR) released preliminary financial results for the second quarter ended June 30, 2026, reporting record growth in its Vaunt aviation membership platform and a reduction in outstanding debt, according to a company statement.

The company reported cash and cash equivalents of approximately $8.4 million as of June 30, 2026, and said all outstanding convertible notes were eliminated during the quarter. Total liabilities, excluding deferred revenue, declined approximately 75% year-over-year to approximately $5 million.

Vaunt cash sales reached approximately $2.2 million in the quarter, representing 199% growth year-over-year and 56% sequential growth from the first quarter of 2026. Vaunt Annual Recurring Revenue (ARR) is projected at approximately $4.7 million as of June 30, 2026, reflecting 250% year-over-year growth. Active paid memberships stood at approximately 2,743, up 71% year-over-year and 20% sequentially.

The platform recorded approximately 346,000 cumulative app downloads and more than 2,500 flights booked and flown since launch.

"During the quarter we strengthened our balance sheet by eliminating all convertible debt, continued delivering record growth across the Vaunt marketplace, and advanced our broader AI strategy," said Mark Heinen, the company's Chief Financial Officer.

The company said it continued developing Parslee, an autonomous-work platform designed to automate business workflows using artificial intelligence. Volato also said management is working toward a potential definitive merger agreement during the third quarter of 2026, subject to due diligence, regulatory and shareholder approvals, and other closing conditions.

The preliminary financial figures have not been finalized, and the company noted that actual results may differ materially from those presented. Final results will be reported in the company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2026.