SRFM · XBRL financial data
Surf Air Mobility financial statements, every fiscal year
The same tables from 3 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (SRFM's year ends in late December)
| In thousands of dollars | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|
| General and administrative | 100,669 | 29,851 | 53,285 |
| Operating income (loss) | (196,767) | (60,256) | (76,874) |
| Interest expense | 2,969 | 8,617 | 13,205 |
| Other income (expense) | (3,708) | 12 | (8,379) |
| Income tax expense (benefit) | (3,304) | (287) | (380) |
| Net income (loss) | (250,696) | (74,908) | (110,556) |
| Earnings per share, basic USD per share | (6.35) | (5.80) | (3.15) |
| Earnings per share, diluted USD per share | (6.35) | (5.80) | (3.15) |
| Weighted average shares, basic thousands of shares | 39,467 | 12,910 | 35,102 |
| Weighted average shares, diluted thousands of shares | 39,467 | 12,910 | 35,102 |
Balance sheet
CSVFiscal years (SRFM's year ends in late December)
| In thousands of dollars | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|
| Cash and cash equivalents | 1,720 | 21,107 | 12,672 |
| Accounts receivable | 4,965 | 4,257 | 3,929 |
| Prepaid and other current assets | 11,051 | 8,511 | 14,320 |
| Total current assets | 17,736 | 33,875 | 30,921 |
| Property and equipment, net | 45,991 | 42,213 | 45,595 |
| Right-of-use asset | 12,818 | 17,046 | 12,510 |
| Goodwill | 0 | 0 | — |
| Total assets | 110,989 | 124,058 | 131,681 |
| Accounts payable | 18,854 | 17,976 | 18,437 |
| Current portion of long-term debt | 5,177 | 2,543 | 2,712 |
| Total current liabilities | 140,114 | 89,610 | 133,610 |
| Long-term debt | 20,617 | 59,883 | 14,389 |
| Lease liability, non-current | 5,507 | 11,540 | 8,714 |
| Total liabilities | 188,474 | 244,055 | 186,538 |
| Accumulated deficit | (602,535) | (677,443) | (787,999) |
| Total stockholders' equity | (77,485) | (119,997) | (54,857) |
| Total liabilities and equity | 110,989 | 124,058 | 131,681 |
| Common shares outstanding (cover page) thousands of shares | 80,772 | 16,947 | 76,993 |
Cash flows
CSVFiscal years (SRFM's year ends in late December)
| In thousands of dollars | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|
| Net income (loss) | (250,696) | (74,908) | (110,556) |
| Net cash from operating activities | (64,371) | (54,322) | (64,160) |
| Purchases of property and equipment | 7,588 | 11,758 | 5,936 |
| Net cash from investing activities | (7,100) | (3,609) | (5,711) |
| Proceeds from issuing common stock | 25,000 | 0 | 51,387 |
| Net cash from financing activities | 72,990 | 77,175 | 70,959 |
Compare with peers
SIC 4522 and related industry codes, similar size; rows marked “added: same SIC” fill a short list. Each row is the latest quarter reported.
How peers are chosen
- SIC 4522 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Fewer than three companies fall in that range, so the list adds same-SIC (4522) companies nearest in public float, each marked “added: same SIC”.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($K) | Revenue, quarter ($K) | Operating cash flow, quarter ($K) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| Surf Air Mobility | 18,429 | not reported | (1,155)* | 119.1M | 16.0 quarters | 10-QJun 30, 2026 |
| Wheels Up Experience | 86,309 | 181,999 | (91,629)* | 36.3M | 0.9 quarters | 10-QJun 30, 2026 |
| Bristow Groupadded: same SIC | 233,378 | 437,920 | 61,161* | 29.1M | — | 10-QSep 30, 2026 |
| Flyexclusiveadded: same SIC | 14,236 | 111,124 | 2,746* | 49.9M | — | 10-QJun 30, 2026 |
| Jet.AIadded: same SIC | 10,609 | 5,320 | (2,660)* | 3.6M | 4.0 quarters | 10-QJun 30, 2026 |
| Volato Groupadded: same SIC | 0 | 152 | (282)* | 53.6M | — | 10-QJun 30, 2026 |
| Creatdadded: same SIC | 335 | 174 | not reported | 3.3M | — | 10-QJun 30, 2026 |
| Star Jets Internationaladded: same SIC | not reported | not reported | not reported | not reported | — | — |
Not investment advice. Not affiliated with the U.S. SEC.