Soar AI, Inc. income statement
In fiscal 2025, Soar AI, Inc. reported revenue of $78.6m, up 101.1% on the year before, operating income of $4.0m (a 5.0% margin) and net income of $5.2m, or $1.18 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|
| Revenue | 97 | 36 | 39 | 79 | 30 |
| Cost of revenue | 94 | 31 | 32 | 64 | 22 |
| Gross profit | 2 | 5 | 7 | 15 | 8 |
| Selling, general and administrative | 12 | 9 | 16 | 11 | 12 |
| Operating income | −9 | −4 | −9 | 4 | −4 |
| Income before tax | −9 | −21 | −22 | 1 | −7 |
| Income tax | −0 | 0 | −1 | 0 | — |
| Net income | −9 | −53 | −41 | 5 | −4 |
| Diluted EPS | −$20.75 | −$86.62 | −$24.42 | $1.18 | — |
| Diluted shares (average) | — | — | 2m | 4m | — |
| EBITDA | −9 | −4 | −8 | 4 | −4 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 38 | 0 | 25 | 25 | 0 | 28 | 1 | 1 |
| Cost of revenue | 32 | 0 | 21 | 21 | 0 | 22 | 0 | 0 |
| Gross profit | 6 | 0 | 4 | 4 | 0 | 6 | 1 | 1 |
| Selling, general and administrative | 4 | 3 | 2 | 3 | 3 | 3 | 3 | 3 |
| Operating income | 2 | −3 | 3 | 1 | −3 | 3 | −2 | −3 |
| Income before tax | −1 | −7 | 0 | 3 | 3 | −5 | −3 | −2 |
| Income tax | 0 | −1 | 0 | 0 | 0 | −0 | — | — |
| Net income | −4 | −2 | 0 | 4 | 7 | −6 | −3 | −2 |
| Diluted EPS | −$11.28 | $25.41 | $0.09 | $0.75 | $1.26 | −$1.28 | −$0.18 | −$0.06 |
| EBITDA | 2 | −3 | 3 | 1 | −2 | 3 | −2 | −2 |
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