Volatus Aerospace Releases Q3 2026 Financial Results
Key Highlights
- ➤Q3 revenue $10.5 million, up 24.9% from Q2 2026
- ➤Total contract value $101.7 million through 2031
- ➤Adjusted EBITDA loss narrowed 34.3% to $2.86 million
- ➤Five-year Canadian Armed Forces contract covers 100 systems, plus 4,900 options
- ➤Cash $50.6 million; working capital $57.8 million at September 30
Expert Statements
Glen Lynch, CEO of Volatus Aerospace
“We qualified across all five DDI streams and won our first Canadian Armed Forces contract in the same month. That is what sovereign capability looks like when it turns into orders. With Mirabel open and the first NATO tranche delivered, our job now is execution: converting a growing pipeline into revenue and closing the gap to Adjusted EBITDA breakeven,”
* Revenue of $10,512,712 in Q3 2026, up 24.9% from Q2 2026; gross margin of 30.4% * $101.7 million in total contract value through 2031, including up to $26 million in customer options * Adjusted EBITDA loss narrowed 34.3% from Q2 2026 to $2,861,177 in Q3 2026 * Awarded a five-year Government of Canada contract to supply tactical ISR uncrewed aircraft systems to the Canadian Armed Forces, its first award under the Defence Drone Initiative Marketplace * Exited the quarter with cash of $50,605,356 and working capital of $57,762,322 * This foundation positions Volatus to accelerate the manufacturing ramp at Mirabel, advance product development for the defence market, and pursue the larger government and commercial programs that its expanding pipeline and sovereign capability increasingly bring within reach MONTREAL, Nov. 10, 2026 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSX:FLT) (OTCQX:TAKOF) (Frankfurt:A3DP5Y/ABB.F) ("Volatus" or "the Company"), a Canadian-headquartered global aerospace and defence company, is pleased to announce its financial results for the three and nine months ended September 30, 2026 (Q3 2026). All dollar figures are stated in Canadian dollars, unless otherwise indicated.
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