TSX · Aerospace & Defense · CAD

Volatus Aerospace Inc. (FLT.TO) Stock Analysis

Volatus Aerospace Inc. (FLT.TO) is a Aerospace & Defense stock listed on TSX and quoted in Canadian Dollar.

Last Updated: October 21, 2026

FLT.TO

CA$0.49

−CA$0.03 (−4.90%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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FLT.TO Key Statistics

As of Oct 21, 2026

Trading

Open: CA$0.51
Previous Close: CA$0.51
Day's Range: 0.49–0.51
52-Week Range: 0.45–0.89
Volume: 1.26M
Beta: 2.50

Valuation

Market Cap: CA$356.67M
P/E Ratio: unprofitable
P/S ratio: 11.16
EPS (ttm): −0.04

Financials (FY)

Revenue (FY): CA$34.20M+25.99%
Net Income (FY): −CA$21.36M
Profit margin: −76.23%
Shares Outstanding: 735.39M
1-Year Return: −30.22%

Dividend and dates

Avg Volume: 1.06M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, FLT.TO closed at CA$0.49, −30.22% over 1 year.

Volatus Aerospace Inc. (FLT.TO) has a market capitalization of CA$356.67M.

In fiscal 2025, FLT.TO reported revenue of CA$34.20M.

FLT.TO Stock Return by Calendar Year

Volatus Aerospace Inc. (FLT.TO) return since Jan 2018: what CA$10,000 became

1 year: CA$10,000 CA$6,978; −30.22%
5 years: CA$10,000 CA$4,755; −52.45%
Since Jan 2018: CA$10,000 CA$5,215; −47.85%

If you had invested CA$10,000 in Volatus Aerospace Inc. (FLT.TO) at the close on January 2, 2018, the earliest close on record here, it would have been worth CA$5,215 at the close on October 21, 2026: −47.85% in total, −7.13% a year, over a partial period shorter than 10 years. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

−62.67%+279.31%−11.82%

201820192020202120222023202420252026*

Year	Return
2026 (partial year)	−11.82%
2025	+279.31%
2024	−9.38%
2023	−42.86%
2022	−62.67%
2021	−8.54%
2020	−1.20%
2019	−40.71%
2018	+50.54%

As of October 21, 2026.

FLT.TO Revenue and Earnings by Fiscal Year

FY ends December

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	CA$34.20M	−CA$21.36M	−62.5%
2024	CA$27.15M	−CA$13.14M	−48.4%
2023	CA$34.87M	−CA$9.46M	−27.1%
2022	CA$29.77M	−CA$4.62M	−15.5%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	CA$34.20M	CA$11.10M	−CA$14.85M	−CA$21.36M	−62.5%
2024	CA$27.15M	CA$9.56M	−CA$10.89M	−CA$13.14M	−48.4%
2023	CA$34.87M	CA$11.14M	−CA$9.06M	−CA$9.46M	−27.1%
2022	CA$29.77M	CA$8.35M	−CA$7.19M	−CA$4.62M	−15.5%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

FLT.TO Valuation vs Aerospace & Defense Median

Median of 98 stocks

Metric	FLT.TO	Aerospace & Defense median	vs median
P/S ratio	11.16	3.81	193% above
Profit margin	−76.23%	5.29%	81.5 pts below

Medians across 98 Aerospace & Defense stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

Volatus Aerospace Inc. (FLT.TO) carries a market capitalisation of CA$356.67M. The company sits in the Industrials sector, in the Aerospace & Defense industry. Headcount on file is 130.

FLT.TO last closed at CA$0.49 on October 21, 2026. That is −CA$0.03 (−4.90%) against the previous close. The 52-week range on file runs from CA$0.45 to CA$0.89. The latest close sits 7.78% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of CA$34.20M. That is +25.99% against the prior fiscal year, when revenue was CA$27.15M. The same year closed with a net loss of CA$21.36M. Profit margin runs at −76.23%. That is 81.5 percentage points below the Aerospace & Defense median of 5.29%. Trailing earnings per share are −0.04.

Across the 4 fiscal years on file, revenue moves from CA$29.77M in 2022 to CA$34.20M in 2025. Of those 4 years, 0 report positive net income.

Valuation Assessment

No trailing P/E applies: the last reported earnings figure is negative. The price-to-sales ratio is 11.16. On price-to-sales that is 192.79% above the Aerospace & Defense median of 3.81. The medians here are taken across 98 Aerospace & Defense companies that report the metric.

The reported beta is 2.5. Daily returns over the trailing 8 years annualize to a volatility of 78.79%. The trailing one-year total return is −30.22%. Across 5 years the annualized return works out at −13.82%.

Growth & Income

The record shows no dividend for FLT.TO.

The strongest complete calendar year on file is 2025 at +279.31%; the weakest is 2022 at −62.67%. Of the 8 complete calendar years on file, 2 finished higher. 2026 is still running; the total return is −11.82% year to date.

Peer Comparison

Volatus Aerospace Inc. (FLT.TO) operates in the Aerospace & Defense industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
Volatus Aerospace Inc.	FLT.TO	CA$356.67M	—
Space Exploration Technologies Corp.	SPCX	$2.10T	—
GE Aerospace	GE	$306.99B	34.9
RTX Corporation	RTX	$258.23B	33.7

Market caps are shown in each company's own trading currency, without conversion, and the peers are listed in order of these unconverted figures.

The Aerospace & Defense industry average P/E ratio is 33.9x. Volatus Aerospace Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About 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. In addition, the company offers drone platforms comprising V100, V200, and V300, as wep as Condor XL and Canary Remotely Piloted Aircraft; drone nesting station; DroneSpot, an infrastructure solution to facilitate drone delivery operations; AIRS 3, a software platform for data gathering, analysis and reporting of oil and gas client infrastructures; and SKYDRA, a Software-as-a-Service platform to support counter-unmanned aircraft system operational planning, simulation, and threat response readiness. 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.

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