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Surf Air Mobility (SRFM) is a Industrials company. Latest news and coverage below.
| FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $20.3M | $60.5M | $119.4M | $106.6M |
| Growth (year over year) | — | +198.4% | +97.4% | −10.8% |
| Gross profit | −$4.55M | −$1.41M | $9.49M | $4.18M |
| Gross margin | −22.4% | −2.3% | 7.9% | 3.9% |
| Operating income | −$50.9M | −$196.8M | −$60.3M | −$76.9M |
| Operating margin | −251.1% | −325.2% | −50.5% | −72.1% |
| Net income | −$74.4M | −$250.7M | −$74.9M | −$110.6M |
| Net margin | −366.8% | −414.3% | −62.7% | −103.8% |
| EPS (diluted) | −$38.57 | −$44.46 | −$5.80 | −$3.15 |
| Balance sheet | ||||
| Cash and equivalents | $6.00K | $1.72M | $21.1M | $12.7M |
| Total assets | $13.7M | $111.0M | $124.1M | $131.7M |
| Total liabilities | $105.1M | $188.5M | $244.1M | $186.5M |
| Long-term debt | — | $20.6M | $59.9M | $14.4M |
| Shareholders' equity | −$222.1M | −$77.5M | −$120.0M | −$54.9M |
| Cash flow | ||||
| Operating cash flow | −$28.0M | −$64.4M | −$54.3M | −$64.2M |
| Capital expenditure | $99.0K | $7.59M | $11.8M | $5.94M |
| Free cash flow | −$28.1M | −$72.0M | −$66.1M | −$70.1M |
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $28.4M | $28.0M | $23.5M | $27.4M | $29.2M | $26.4M | $25.6M | $29.5M |
| Growth (year over year) | +29.2% | +4.5% | −23.2% | −15.2% | +2.8% | −5.7% | +9.0% | +7.6% |
| Gross profit | $890.0K | $1.83M | −$1.20M | $3.37M | $1.51M | $498.0K | −$333.0K | $62.0K |
| Gross margin | 3.1% | 6.5% | −5.1% | 12.3% | 5.2% | 1.9% | −1.3% | 0.2% |
| Operating income | −$8.64M | $8.11M | −$18.6M | −$15.9M | −$16.5M | −$25.9M | −$13.4M | −$18.8M |
| Operating margin | −30.4% | 28.9% | −79.0% | −58.1% | −56.6% | −97.8% | −52.1% | −63.7% |
| Net income | −$12.2M | $1.26M | −$18.5M | −$28.0M | −$27.2M | −$36.9M | −$20.3M | −$28.1M |
| Net margin | −43.1% | 4.5% | −78.6% | −102.1% | −93.3% | −139.4% | −79.1% | −95.3% |
| EPS (diluted) | −$0.94 | $0.80 | −$1.09 | −$1.34 | −$0.64 | −$0.08 | −$0.26 | −$0.29 |
| Balance sheet | ||||||||
| Cash and equivalents | $506.0K | $21.1M | $6.63M | $22.6M | $7.06M | $12.7M | $4.16M | $18.4M |
| Total assets | $97.9M | $124.1M | $105.3M | $129.0M | $106.8M | $131.7M | $120.8M | $140.7M |
| Total liabilities | $233.5M | $244.1M | $240.9M | $244.5M | $199.3M | $186.5M | $177.4M | $183.2M |
| Long-term debt | $17.7M | $59.9M | $60.3M | $60.7M | $61.1M | $14.4M | $13.8M | $10.0M |
| Shareholders' equity | −$135.6M | −$120.0M | −$135.6M | −$115.5M | −$92.6M | −$54.9M | −$63.2M | −$42.5M |
| Cash flow | ||||||||
| Operating cash flow | −$12.3M | −$23.6M | −$15.8M | −$10.6M | −$19.3M | −$18.4M | −$12.3M | −$1.16M |
| Capital expenditure | $1.25M | $9.09M | $1.27M | $1.21M | $1.74M | $1.72M | $2.76M | $6.88M |
| Free cash flow | −$13.6M | −$32.7M | −$17.1M | −$11.9M | −$21.1M | −$20.1M | −$15.0M | −$8.04M |
From Surf Air Mobility's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
Surf Air Mobility Inc. is an American aviation company focused on regional flying. The company plans to develop electric and hybrid powertrains to upgrade existing aircraft. Surf Air Mobility is also developing AI-enabled SurfOS operating system for the regional air mobility industry. Surf Air Mobility is the parent company of Surf Air, Surf On Demand, and two airlines, Mokulele Airlines and Southern Airways Express.
Source: Wikipedia — Surf Air Mobility
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