InsiderClue
Stocks · Industrials · Air Transportation, Nonscheduled

SURF AIR MOBILITY INC.

SRFM Clue Score48
United States Fiscal year ends December CIK 0001936224
$0.95 +1.75% Close, 9 Oct 2026
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Price $0.95 −17.76% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 27 Jul 2023. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2022Revenue20.3Operating income−50.9Net income−74.4EPS, diluted−5.51Fiscal year 2023Revenue60.5 +198.4%Operating income−196.8Net income−250.7EPS, diluted−44.46Fiscal year 2024Revenue119.4 +97.4%Operating income−60.3Net income−74.9EPS, diluted−5.80Fiscal year 2025Revenue106.6 −10.8%Operating income−76.9Net income−110.6EPS, diluted−3.15
FY2022FY2023FY2024FY2025
Revenue 20.3 60.5 119.4 106.6
Growth +198.4% +97.4% −10.8%
Operating income −50.9 −196.8 −60.3 −76.9
Net income −74.4 −250.7 −74.9 −110.6
Growth
EPS, diluted −5.51 −44.46 −5.80 −3.15

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2022Operating margin−251.1%Net margin−366.8%Free cash flow margin−138.8%Fiscal year 2023Operating margin−325.2%Net margin−414.3%Free cash flow margin−118.9%Fiscal year 2024Operating margin−50.5%Net margin−62.7%Free cash flow margin−55.3%Fiscal year 2025Operating margin−72.1%Net margin−103.8%Free cash flow margin−65.8%
FY2022FY2023FY2024FY2025
Operating margin −251.1% −325.2% −50.5% −72.1%
Net margin −366.8% −414.3% −62.7% −103.8%
Free cash flow margin −138.8% −118.9% −55.3% −65.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2022Operating cash flow−28.0Capital expenditure−0.1Free cash flow−28.1Fiscal year 2023Operating cash flow−64.4Capital expenditure−7.6Free cash flow−72.0Fiscal year 2024Operating cash flow−54.3Capital expenditure−11.8Free cash flow−66.1Fiscal year 2025Operating cash flow−64.2Capital expenditure−5.9Free cash flow−70.1
FY2022FY2023FY2024FY2025
Operating cash flow −28.0 −64.4 −54.3 −64.2
Capital expenditure −0.1 −7.6 −11.8 −5.9
Free cash flow −28.1 −72.0 −66.1 −70.1
Growth

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2022Cash0.0Shareholders’ equity−222.1Fiscal year 2023Cash1.7Total debt25.8Net cash (debt)−24.1Shareholders’ equity−77.5Fiscal year 2024Cash21.1Total debt62.4Net cash (debt)−41.3Shareholders’ equity−120.0Fiscal year 2025Cash12.7Total debt17.1Net cash (debt)−4.4Shareholders’ equity−54.9
FY2022FY2023FY2024FY2025
Cash 0.0 1.7 21.1 12.7
Total debt n/a 25.8 62.4 17.1
Net cash (debt) n/a −24.1 −41.3 −4.4
Shareholders’ equity −222.1 −77.5 −120.0 −54.9

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2022 31 Dec 2022 FY2023† 31 Dec 2023 FY2024† 31 Dec 2024 FY2025† 31 Dec 2025
Revenue and profit
20.3 60.5 119.4 106.6
Growth +198.4% +97.4% −10.8%
36.8 100.7 29.9 53.3
−50.9 −196.8 −60.3 −76.9
Growth
−74.4 −254.0 −75.2 −110.9
n/a −3.3 −0.3 −0.4
−74.4 −250.7 −74.9 −110.6
Growth
Per share
−5.51 −44.46 −5.80 −3.15
−5.51 −44.46 −5.80 −3.15
Growth
13.5 5.6 12.9 35.1
13.5 5.6 12.9 35.1
Growth −58.2% +129.0% +171.9%

† The diluted share count jumps at 2023 and 2024 and 2025, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • A net loss in 4 of 4 years on file.