Surf Air Mobility Inc. (SRFM) — Financial statements
Income statement, balance sheet, and cash flow for Surf Air Mobility Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 107↓10.8% | 119↑97.4% | 61↑198.4% | 20↑71.8% | 12 | |
| Cost of Revenue | 102↓6.9% | 110↑67.4% | 66↑154.1% | 26↑66.3% | 16 | |
| Gross Profit | 4↓55.9% | 9↑283.4% | -5↑7.2% | -6↓48.8% | -4 | |
| Operating Expenses | ||||||
| R&D Expenses | 10↓57.2% | 24↑15.3% | 21↑533.9% | 3↑11.0% | 3 | |
| General & Administrative Expenses | 53↑78.5% | 30↓70.3% | 101↑173.4% | 37↑61.1% | 23 | |
| Selling & Marketing Expenses | 8↑8.8% | 8↓25.1% | 10↑92.3% | 5↑38.2% | 4 | |
| SG&A Expenses | 61↑64.5% | 37↓66.2% | 111↑163.3% | 42↑57.8% | 27 | |
| Other Expenses | 9↑11.4% | 8↓86.1% | 60 | 0.00 | 0.00 | |
| Operating Expenses | 81↑16.2% | 70↓63.6% | 192↑322.7% | 45↑53.1% | 30 | |
| Total Costs & Expenses | 183↑2.1% | 180↓30.2% | 257↑261.4% | 71↑57.7% | 45 | |
| Operating Results | ||||||
| Operating Income | -77↓27.6% | -60↑69.4% | -197↓286.5% | -51↓52.6% | -33 | |
| Depreciation & Amortization | 9↑11.4% | 8↑121.7% | 4↑266.3% | 1↓2.4% | 1 | |
| EBITDA | -68↓16.0% | -58↑76.4% | -247↓239.9% | -73↓123.2% | -33 | |
| EBIT | -77↓15.5% | -67↑73.5% | -251↓240.3% | -74↓119.3% | -34 | |
| Interest & Other Income | ||||||
| Net Interest Income | -13↓53.2% | -9↓190.2% | -3↓398.2% | -0.60↑72.1% | -2 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 13↑53.2% | 9↑190.2% | 3↑398.2% | 0.60↓72.1% | 2 | |
| Non-Operating Income | 0.00↓100.0% | 6↓88.3% | 54↑137.4% | 23↑7676.2% | 0.29 | |
| Other Income / Expenses | -34↓128.0% | -15↑73.9% | -57↓144.0% | -23↓863.8% | -2 | |
| Income Before Tax | -111↓47.5% | -75↑70.4% | -254↓241.6% | -74↓107.8% | -36 | |
| Income Tax Expense | -0.38↓32.4% | -0.29↑91.3% | -3 | 0.00 | 0.00 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -111↓47.6% | -75↑70.1% | -251↓237.1% | -74↓107.8% | -36 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -111↓47.6% | -75↑70.1% | -251↓237.1% | -74↓107.8% | -36 | |
| Bottom-Line Net Income | -111↓47.6% | -75↑70.1% | -251↓237.1% | -74↓107.8% | -36 | |
| EPS (Basic) | -5.29↑8.8% | -5.80↑74.8% | -23.04↓209.3% | -7.45↓108.1% | -3.58 | |
| EPS (Diluted) | -5.29↑8.8% | -5.80↑74.8% | -23.04↓209.3% | -7.45↓108.1% | -3.58 | |
| Weighted Average Shares | 21↑61.9% | 13↑18.7% | 11↑9.0% | 10↑0.0% | 10 | |
| Weighted Average Diluted Shares | 21↑61.9% | 13↑18.7% | 11↑9.0% | 10↑0.0% | 10 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.