SURF AIR MOBILITY INC.SRFMEarnings & Financial Report
Surf Air Mobility Inc. is an American aviation company focused on regional flying. The company plans to develop electric and hybrid powertrains to upgrade existing aircraft. Surf Air Mobility is also developing AI-enabled SurfOS operating system for the regional air mobility industry. Surf Air Mobility is the parent company of Surf Air, Surf On Demand, and two airlines, Mokulele Airlines and Southern Airways Express.
SRFM Q4 FY2025 Key Financial Metrics
Revenue
$26.4M
Gross Profit
N/A
Operating Profit
$-25.9M
Net Profit
$-36.9M
Gross Margin
N/A
Operating Margin
-97.8%
Net Margin
-139.4%
YoY Growth
-5.7%
EPS
$-0.08
SURF AIR MOBILITY INC. Q4 FY2025 Financial Summary
SURF AIR MOBILITY INC. reported revenue of $26.4M (down 5.7% YoY) for Q4 FY2025, with a net profit of $-36.9M (down 3015.3% YoY) (-139.4% margin).
Key Financial Metrics
| Total Revenue | $26.4M |
|---|---|
| Net Profit | $-36.9M |
| Gross Margin | N/A |
| Operating Margin | -97.8% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
SURF AIR MOBILITY INC. Q4 FY2025 revenue of $26.4M breaks down across 2 segments, led by Scheduled at $17.2M (65.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Scheduled | $17.2M | 65.1% |
| On Demand | $9.2M | 34.9% |
SURF AIR MOBILITY INC. Revenue by Segment — Quarterly Trend
SURF AIR MOBILITY INC. revenue by segment across the last 4 reported quarters, showing how each business line (such as Scheduled and On Demand) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Scheduled | $17.2M | $20.6M | $21.4M | $17.8M |
| On Demand | $9.2M | $8.6M | $6.0M | $5.7M |
SURF AIR MOBILITY INC. Annual Revenue by Year
SURF AIR MOBILITY INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $106.6M).
SURF AIR MOBILITY INC. Quarterly Revenue & Net Profit History
SURF AIR MOBILITY INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $26.4M | -5.7% | $-36.9M | -139.4% |
| Q3 FY2025 | $29.2M | +2.8% | $-27.2M | -93.3% |
| Q2 FY2025 | $27.4M | -15.2% | $-28.0M | -102.1% |
| Q1 FY2025 | $23.5M | -23.2% | $-18.5M | -78.6% |
| Q4 FY2024 | $28.0M | — | $1.3M | 4.5% |
| Q3 FY2024 | $28.4M | +29.2% | $-12.2M | -43.1% |
| Q2 FY2024 | $32.4M | +422.5% | $-27.0M | -83.4% |
| Q1 FY2024 | $30.6M | — | $-37.0M | -120.7% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $30.6M | $32.4M | $28.4M | $28.0M | $23.5M | $27.4M | $29.2M | $26.4M |
| YoY Growth | N/A | 422.5% | 29.2% | N/A | -23.2% | -15.2% | 2.8% | -5.7% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $108.8M | $105.5M | $97.9M | $124.1M | $105.3M | $129.0M | $106.8M | $131.7M |
| Liabilities | $215.1M | $233.6M | $233.5M | $244.1M | $240.9M | $244.5M | $199.3M | $186.5M |
| Equity | $-106.3M | $-128.1M | $-135.6M | $-120.0M | $-135.6M | $-115.5M | $-92.6M | $-54.9M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-12.8M | $-5.6M | $-12.3M | $-23.6M | $-15.8M | $-10.6M | $-19.3M | $-18.4M |