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Volatus Aerospace Inc.

Company price
0.4175 CAD -0.05 ( 10.22%)
Last update at 2026-11-05T20:42:00Z
VOLUME
2017686
Market Cap
521.01M

Momentum Score

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Volatus Aerospace Inc. provides integrated drone solutions in Canada, the United States, the United Kingdom, and Norway. The company offers UAV drone services; surveillance as a service, which utilizes an integrated array of aerial and ground-based technologies to gather intelligence data; pipeline integrity monitoring; specialized geomatic services comprising lidar surveys and custom GIS services, including map generation and integrated geographical information consulting services; drone lidar scanning data acquisition and reality capture services; and drone inspection and delivery services. It also provides wildfire services; geomatics that include lidar, photogrammetry, aerial imagery, precision agriculture, change detection, photointerpretation, and gas detection and thermography inspection services; crewed aerial services; Canary Remotely Piloted Aircraft for autonomous cargo transportation; DroneSpot for drone delivery operations; and advanced integrity reporting system (AIRS) 3, which is a software platform for data gathering, analysis, and reporting of oil and gas client infrastructures. In addition, the company offers aerial intelligence, cargo and logistics, and equipment sales and maintenance services; drones, sensors, batteries, drone sets, and related accessories; Aerieport drone nesting station for landing, recharging, and data transfer; and trade-in program, as well as drone pilot training in digital, virtual, and onsite formats to various levels of drone pilots. It serves the oil and gas, energy and utilities, construction and engineering, defense, forestry and conservation, government and public agencies, infrastructure and transportation, mining and aggregates, precision agriculture, property development and maintenance, and public safety industries. Volatus Aerospace Inc. was founded in 1987 and is based in Vaughan, Canada.

Source: TradingView
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Day Price Range
0.41
Low
0.46
High
52 Week Price Range
0.51
Low
0.89
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Volatus Aerospace Inc. is a Canadian aviation services company offering helicopter and fixed-wing operations, aircraft maintenance and pilot training to government and commercial customers. Long-term growth may be supported by demand for emergency medical services, infrastructure inspection and energy-sector work plus recurring maintenance and contracted flight revenue, which may attract investors.

Key risks include dependence on government and large commercial contracts, operational and regulatory exposure, fuel and insurance cost volatility and execution risk on fleet utilization.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.47
Dividend Yield
-
Revenue TTM
34.20M
Revenue Per Share
0.06
Gross Profit TTM
11.10M
Debt / Equity
-
ROE
-46.78%
Net Debt
20.51M
ROCE
-18.66%
Diluted EPS TTM
-0.04

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -22.15M -13.59M -10.16M -5.38M -3.68M
Minority interest 0.63M 0.17M 0.23M 0.83M 0.90M
Net income -21.36M -13.14M -9.46M -4.62M -3.68M
Selling general administrative 13.25M 9.04M 9.56M 9.13M 3.13M
Gross profit 11.10M 9.56M 11.14M 8.35M 2.53M
Reconciled depreciation 6.14M 4.82M 4.03M 1.85M 0.40M
Operating income -14.85M -10.89M -9.06M -7.19M -1.98M
Interest expense 4.67M 2.85M 1.66M 0.48M 0.41M
Tax provision -0.15M -0.28M -0.46M 0.07M -
Net interest income -5.21M -2.94M -1.78M -0.53M -0.44M
Total revenue 34.20M 27.15M 34.87M 29.77M 9.91M
Total operating expenses 49.06M 38.03M 43.94M 36.97M 11.90M
Cost of revenue 23.10M 17.59M 23.74M 21.43M 7.39M
Total other income expense net -2.09M 0.23M 0.68M 2.34M -1.26M
Net income from continuing ops -22.00M -13.31M -9.69M -5.45M -3.68M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 92.66M 57.80M 26.88M 28.20M 18.74M
Intangible assets 15.11M 13.54M 4.77M 4.13M 1.61M
Other current assets 0.25M 0.27M 0.44M 0.42M 0.03M
Total liab 24.95M 31.47M 24.34M 17.78M 7.67M
Total stockholder equity 69.25M 27.28M 3.31M 12.20M 12.03M
Other current liab - 0.14M 0.18M 0.00M 0.23M
Capital stock 103.26M 46.90M 13.71M 11.31M 9.81M
Retained earnings -53.94M -32.58M -19.44M -7.13M -2.50M
Good will 20.74M 20.74M 0.96M 0.96M 0.86M
Cash 41.11M 1.56M 1.26M 3.68M 8.81M
Total current liabilities 13.05M 20.37M 14.70M 9.33M 3.62M
Net debt - 20.51M 15.95M 8.75M -
Short long term debt 8.65M 12.50M 9.34M 5.53M 0.20M
Total current assets 49.54M 11.98M 10.50M 13.78M 10.99M
Long term investments - - - - 0.00M
Net receivables 3.32M 4.43M 3.51M 4.06M 0.70M
Long term debt 10.89M 9.56M 7.87M 6.90M 2.71M
Inventory 3.27M 3.10M 2.98M 3.76M 0.69M
Accounts payable 1.43M 3.82M 2.84M 2.80M 1.56M
Non currrent assets other - - -0.00M -0.00M -
Non current assets total 43.12M 45.83M 16.37M 15.42M 7.75M
Capital lease obligations 1.90M 2.01M 1.52M 1.15M 1.36M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Net borrowings -5.42M 11.11M 1.68M -0.51M 3.79M
Total cash from financing activities 48.58M 13.40M 1.68M 2.89M 11.79M
Net income -21.36M -13.14M -9.46M -4.62M -2.78M
Change in cash 39.40M 0.30M -2.43M -5.12M 8.62M
Begin period cash flow 1.56M 1.26M 3.68M 8.81M 0.19M
End period cash flow 41.11M 1.56M 1.26M 3.68M 8.81M
Total cash from operating activities -7.50M -12.43M -2.08M -7.11M -1.57M
Issuance of capital stock 44.75M 2.33M 0.00M 3.74M 0.00M
Depreciation 6.14M 4.82M 4.03M 1.85M 0.40M
Change to inventory 0.58M -0.12M 0.78M -0.54M -0.23M
Sale purchase of stock 0.00M -0.07M -0.00M -0.35M 0.00M
Capital expenditures 1.70M 1.45M 1.73M 0.07M 0.28M
Change in working capital -1.66M -6.77M 2.25M -3.65M -0.28M
Stock based compensation 1.52M 0.53M 0.72M 1.24M 0.46M
Other non cash items 6.22M 2.69M 1.17M -1.19M 0.11M
Free cash flow -9.20M -13.88M -3.81M -7.11M -1.85M

Peer Comparison*

Sector: Industrials Industry: Aerospace & Defense

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
FLT
Volatus Aerospace Inc.
-0.05
10.22%
0.42 - 68.97 15.23 7.55 14.66 -8.39
RTX
RTX CDR (CAD Hedged)
-1.38
3.04%
44.02 33.89 26.53 2.72 3.67 3.14 18.41
CAE
CAE Inc.
-0.69
1.81%
37.33 29.58 28.65 2.31 2.24 2.95 12.40
BBD-PD
Bombardier Inc Pref D
0.06
0.29%
20.40 - - 1.20 - - -
BBD-PB
Bombardier Inc Pref B
0.23
1.15%
20.25 - - 1.10 - - -

Profile*

Volatus Aerospace Inc.

Volatus Aerospace Inc. provides integrated drone solutions in Canada, the United States, the United Kingdom, and Norway. The company offers UAV drone services; surveillance as a service, which utilizes an integrated array of aerial and ground-based technologies to gather intelligence data; pipeline integrity monitoring; specialized geomatic services comprising lidar surveys and custom GIS services, including map generation and integrated geographical information consulting services; drone lidar scanning data acquisition and reality capture services; and drone inspection and delivery services. It also provides wildfire services; geomatics that include lidar, photogrammetry, aerial imagery, precision agriculture, change detection, photointerpretation, and gas detection and thermography inspection services; crewed aerial services; Canary Remotely Piloted Aircraft for autonomous cargo transportation; DroneSpot for drone delivery operations; and advanced integrity reporting system (AIRS) 3, which is a software platform for data gathering, analysis, and reporting of oil and gas client infrastructures. In addition, the company offers aerial intelligence, cargo and logistics, and equipment sales and maintenance services; drones, sensors, batteries, drone sets, and related accessories; Aerieport drone nesting station for landing, recharging, and data transfer; and trade-in program, as well as drone pilot training in digital, virtual, and onsite formats to various levels of drone pilots. It serves the oil and gas, energy and utilities, construction and engineering, defense, forestry and conservation, government and public agencies, infrastructure and transportation, mining and aggregates, precision agriculture, property development and maintenance, and public safety industries. Volatus Aerospace Inc. was founded in 1987 and is based in Vaughan, Canada.

6221 Highway 7, Vaughan, ON, Canada, L4H 0K8

514-447-7986

130

Name Title Year Born
Mr. Glen Lynch President, CEO & Director 1964
Mr. Abhinav Singhvi Chief Financial Officer NA
Mr. Robert Walker Chief Commercial Officer 1962
Mr. Luc Masse Executive VP & Secretary 1959
Mr. Greg Colacitti Chief Operating Officer NA
Mr. Krish Srinivasan Chief Technology Officer NA
Ms. Danielle Gagne Head of Global Training Strategy & Business Development NA
Mr. Richard Nasmith Senior VP of Business Development NA
Mr. Glen Lynch President, CEO & Director 1965

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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