Surf Air Mobility Inc.
SRFM NYSE· Air Transportation, Nonscheduled
Last close · Oct 27, 2026
$0.76
KIRA · Stoqly’s AI analyst, in plain words
- Surf Air Mobility Inc. had $107M of revenue in fiscal 2025, down 10.8% on the year before.
- Its operating margin was −72.1%, down 21.7 pts: of every 100 in sales, about −72 is left after running the business.
- Surf Air Mobility Inc. lost $111M in fiscal 2025.
- Free cash flow was −$70.1M in fiscal 2025, −65.8% of revenue.
- Surf Air Mobility Inc. owes $5.4M more than it holds in cash.
Market cap
$74.4M
P/E
—
Revenue
$107M
Net income
−$111M
Free cash flow
−$70.1M
Operating margin
−72.1%
Surf Air Mobility Inc. in 30 seconds · fiscal 2025
Are sales growing?
−10.8%
No. Sales fell 10.8% last year.
Does it make a profit?
−103.8%
No. It lost money last year.
Does profit turn into cash?
−65.8%
No. It spent more cash than it brought in.
How healthy are the accounts?
2 / 8
Weak. It passes 2 of 8 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What Surf Air Mobility Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 12, 2026
- Legal name
- SURF AIR MOBILITY INC.
- CIK
- 0001936224
Surf Air Mobility Inc. · SRFM
Results and finances
The last 4 fiscal years. Amounts in USD.
| Fiscal year | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Sales and profit | ||||
| Revenue | $20.3M | $60.5M | $119M | $107M |
| Revenue growth | — | 198.4% | 97.4% | −10.8% |
| Operating margin | −251.1% | −325.2% | −50.5% | −72.1% |
| Net income | −$74.4M | −$251M | −$74.9M | −$111M |
| Net margin | −366.8% | −414.3% | −62.7% | −103.8% |
| Diluted EPS | −$5.51 | −$44.46 | −$5.80 | −$3.15 |
| Cash | ||||
| Cash from operations | −$28.0M | −$64.4M | −$54.3M | −$64.2M |
| Capital expenditure | $0.1M | $7.6M | $11.8M | $5.9M |
| Free cash flow | −$28.1M | −$72.0M | −$66.1M | −$70.1M |
| FCF margin | −138.8% | −118.9% | −55.3% | −65.8% |
| Share count change | — | −58.2% | 129.0% | 171.9% |
| Debt and strength | ||||
| Cash and short-term investments | $0.0M | $1.7M | $21.1M | $12.7M |
| Debt incl. finance leases | — | $27.1M | $63.6M | $18.0M |
| Shareholders' equity | −$222M | −$77.5M | −$120M | −$54.9M |
| Current ratio | 0.1x | 0.1x | 0.4x | 0.2x |
| Interest coverage | −85.4x | −66.3x | −7.0x | −5.8x |
| Returns and quality | ||||
| Piotroski F-score | — | 3 | 4 | 2 |
| Altman Z'' | −134.6 | −37.3 | −24.5 | −28.9 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.2M
2 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Surf Air Mobility Inc. · SRFM
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $0.76 a share, the company is worth $74.4M.
Source: SEC EDGAR XBRL filings (CIK 0001936224). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.