Surf Air Mobility Inc. (SRFM) Financial Statements
Industry: Air Transportation, Nonscheduled
In fiscal 2025, Surf Air Mobility reported revenue of $106.6M, down 10.8% from $119.4M the year before. Net income was -$110.6M (a -103.8% net margin), or -$3.15 per diluted share. Gross margin was -72.1% and operating margin was -72.1%. Operating activities generated -$64.2M of cash, leaving -$70.1M of free cash flow. At fiscal year end, Surf Air Mobility held $131.7M in total assets against $186.5M in total liabilities, including $12.7M of cash and equivalents.
Open the full interactive Surf Air Mobility financials → Quarterly statements, key ratios, valuation history and price charts.
Surf Air Mobility Key Stats
| Share Price | $0.89 |
|---|---|
| Market Cap | $87.6M |
| Revenue YoY Growth | -10.8% |
| 52-Week Range | $0.47 – $5.43 |
| Shares Outstanding | 98.4 million (basic, 2026 Q2) |
Surf Air Mobility Income Statement
| FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|
| Revenue | $60.5M | $119.4M | $106.6M |
| Cost of Goods Sold | $257.3M | $179.7M | $183.4M |
| Gross Profit | -$196.8M | -$60.3M | -$76.9M |
| Operating Income | -$196.8M | -$60.3M | -$76.9M |
| Pre-Tax Income | -$254.0M | -$75.2M | -$110.9M |
| Income Tax | -$3.3M | -$287,000 | -$380,000 |
| Net Income | -$250.7M | -$74.9M | -$110.6M |
| Diluted EPS | -$44.45 | -$5.80 | -$3.15 |
Surf Air Mobility Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $29.2M | $26.4M | $25.6M | $29.5M |
| Net Income | -$27.2M | -$36.9M | -$20.3M | -$28.1M |
| Diluted EPS | -$0.64 | -$1.05 | -$0.26 | -$0.29 |
Surf Air Mobility Balance Sheet
| FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|
| Cash & Equivalents | $1.7M | $21.1M | $12.7M |
| Current Assets | $17.7M | $33.9M | $30.9M |
| Total Assets | $111.0M | $124.1M | $131.7M |
| Current Liabilities | $140.1M | $89.6M | $133.6M |
| Total Long-Term Debt | $25.8M | $62.4M | $17.1M |
| Total Liabilities | $188.5M | $244.1M | $186.5M |
| Shareholders' Equity | -$77.5M | -$120.0M | -$54.9M |
Surf Air Mobility Cash Flow Statement
| FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|
| Cash From Operations | -$64.4M | -$54.3M | -$64.2M |
| Cash From Investing | -$7.1M | -$3.6M | -$5.7M |
| Cash From Financing | $73.0M | $77.2M | $71.0M |
| Free Cash Flow | -$72.0M | -$66.1M | -$70.1M |
Figures from Surf Air Mobility's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Surf Air Mobility financials page for every line item.
Surf Air Mobility Company Profile
| Ticker | SRFM |
|---|---|
| Exchange | NYSE |
| Industry | Air Transportation, Nonscheduled |
| Headquarters | Addison, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Emerging growth company |
| SEC CIK | 0001936224 |
Frequently Asked Questions
What was Surf Air Mobility's revenue in fiscal 2025?
Surf Air Mobility (SRFM) reported revenue of $106.6M for fiscal 2025.
What is Surf Air Mobility's annual revenue history?
Surf Air Mobility's annual revenue by fiscal year: 2023: $60.5M; 2024: $119.4M; 2025: $106.6M.
What was Surf Air Mobility's net income in fiscal 2025?
Surf Air Mobility reported net income of -$110.6M for fiscal 2025.
What was Surf Air Mobility's earnings per share (EPS) in fiscal 2025?
Surf Air Mobility's diluted EPS was -$3.15 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Surf Air Mobility generate in fiscal 2025?
Surf Air Mobility generated -$70.1M of free cash flow in fiscal 2025.
What was Surf Air Mobility's revenue last quarter?
In its most recent reported quarter (2026 Q2), Surf Air Mobility reported revenue of $29.5M.
How much debt does Surf Air Mobility have?
Surf Air Mobility reported $17.1M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Surf Air Mobility are outstanding?
Surf Air Mobility reported a weighted average of 98.4 million basic shares outstanding in 2026 Q2.
What is Surf Air Mobility's market cap?
Based on its latest closing price, Surf Air Mobility (SRFM) has a market capitalization of about $87.6M.
When does Surf Air Mobility's fiscal year end?
Surf Air Mobility's fiscal year end, as registered with the SEC, is December 31.
Where is Surf Air Mobility headquartered?
Surf Air Mobility lists its business address in Addison, Texas in its SEC filings.