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

Ratios

Percentages worked out from the filed figures; debt to equity in times. 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
Margins
−251.1% −325.2% −50.5% −72.1%
−366.8% −419.8% −63.0% −104.1%
−366.8% −414.3% −62.7% −103.8%
−138.8% −118.9% −55.3% −65.8%
Spending
181.6% 166.4% 25.0% 50.0%
0.5% 12.5% 9.8% 5.6%
Returns
−542.9% −225.9% −60.4% −84.0%
Balance and payout
767.5% 169.8% 196.7% 141.7%