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Side-by-side financial comparison of Laird Superfood, Inc. (LSF) and SURF AIR MOBILITY INC. (SRFM). Click either name above to swap in a different company.

SURF AIR MOBILITY INC. is the larger business by last-quarter revenue ($26.4M vs $13.3M, roughly 2.0× Laird Superfood, Inc.). Laird Superfood, Inc. runs the higher net margin — -13.2% vs -139.4%, a 126.3% gap on every dollar of revenue. On growth, Laird Superfood, Inc. posted the faster year-over-year revenue change (15.0% vs -5.7%). Over the past eight quarters, Laird Superfood, Inc.'s revenue compounded faster (16.1% CAGR vs -7.1%).

Laird Superfood, Inc. develops, manufactures and sells a portfolio of plant-based functional superfood products, including premium coffee creamers, hydration blends, nutritional supplements, and plant-powered snacks. It serves health-conscious consumers through direct-to-consumer e-commerce platforms and offline retail partners, mainly operating in the North American market with a focus on sustainably sourced clean ingredients.

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.

LSF vs SRFM — Head-to-Head

Bigger by revenue
SRFM
SRFM
2.0× larger
SRFM
$26.4M
$13.3M
LSF
Growing faster (revenue YoY)
LSF
LSF
+20.7% gap
LSF
15.0%
-5.7%
SRFM
Higher net margin
LSF
LSF
126.3% more per $
LSF
-13.2%
-139.4%
SRFM
Faster 2-yr revenue CAGR
LSF
LSF
Annualised
LSF
16.1%
-7.1%
SRFM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LSF
LSF
SRFM
SRFM
Revenue
$13.3M
$26.4M
Net Profit
$-1.8M
$-36.9M
Gross Margin
34.1%
Operating Margin
-13.5%
-97.8%
Net Margin
-13.2%
-139.4%
Revenue YoY
15.0%
-5.7%
Net Profit YoY
-341.4%
-3015.3%
EPS (diluted)
$-0.08

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
LSF
LSF
SRFM
SRFM
Q4 25
$13.3M
$26.4M
Q3 25
$12.9M
$29.2M
Q2 25
$12.0M
$27.4M
Q1 25
$11.7M
$23.5M
Q4 24
$11.6M
$28.0M
Q3 24
$11.8M
$28.4M
Q2 24
$10.0M
$32.4M
Q1 24
$9.9M
$30.6M
Net Profit
LSF
LSF
SRFM
SRFM
Q4 25
$-1.8M
$-36.9M
Q3 25
$-975.1K
$-27.2M
Q2 25
$-362.2K
$-28.0M
Q1 25
$-156.2K
$-18.5M
Q4 24
$-398.4K
$1.3M
Q3 24
$-166.1K
$-12.2M
Q2 24
$-239.1K
$-27.0M
Q1 24
$-1.0M
$-37.0M
Gross Margin
LSF
LSF
SRFM
SRFM
Q4 25
34.1%
Q3 25
36.5%
Q2 25
39.9%
Q1 25
41.9%
Q4 24
38.6%
Q3 24
43.0%
Q2 24
41.8%
Q1 24
40.0%
Operating Margin
LSF
LSF
SRFM
SRFM
Q4 25
-13.5%
-97.8%
Q3 25
-7.7%
-56.6%
Q2 25
-3.3%
-58.1%
Q1 25
-1.9%
-79.0%
Q4 24
-4.1%
28.9%
Q3 24
-2.3%
-30.4%
Q2 24
-3.4%
-78.0%
Q1 24
-11.0%
-112.6%
Net Margin
LSF
LSF
SRFM
SRFM
Q4 25
-13.2%
-139.4%
Q3 25
-7.6%
-93.3%
Q2 25
-3.0%
-102.1%
Q1 25
-1.3%
-78.6%
Q4 24
-3.4%
4.5%
Q3 24
-1.4%
-43.1%
Q2 24
-2.4%
-83.4%
Q1 24
-10.3%
-120.7%
EPS (diluted)
LSF
LSF
SRFM
SRFM
Q4 25
$-0.08
Q3 25
$-0.64
Q2 25
$-1.34
Q1 25
$-1.09
Q4 24
$0.80
Q3 24
$-0.94
Q2 24
$-2.31
Q1 24
$-3.35

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LSF
LSF
SRFM
SRFM
Cash + ST InvestmentsLiquidity on hand
$5.1M
$12.7M
Total DebtLower is stronger
$17.1M
Stockholders' EquityBook value
$11.5M
$-54.9M
Total Assets
$19.2M
$131.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LSF
LSF
SRFM
SRFM
Q4 25
$5.1M
$12.7M
Q3 25
$5.1M
$7.1M
Q2 25
$3.9M
$22.6M
Q1 25
$7.0M
$6.6M
Q4 24
$8.3M
$21.1M
Q3 24
$7.9M
$506.0K
Q2 24
$7.6M
$1.5M
Q1 24
$7.1M
$1.3M
Total Debt
LSF
LSF
SRFM
SRFM
Q4 25
$17.1M
Q3 25
$63.8M
Q2 25
$63.3M
Q1 25
$62.9M
Q4 24
$62.4M
Q3 24
$22.5M
Q2 24
$23.3M
Q1 24
$25.1M
Stockholders' Equity
LSF
LSF
SRFM
SRFM
Q4 25
$11.5M
$-54.9M
Q3 25
$12.8M
$-92.6M
Q2 25
$13.4M
$-115.5M
Q1 25
$13.3M
$-135.6M
Q4 24
$13.2M
$-120.0M
Q3 24
$13.1M
$-135.6M
Q2 24
$12.6M
$-128.1M
Q1 24
$12.7M
$-106.3M
Total Assets
LSF
LSF
SRFM
SRFM
Q4 25
$19.2M
$131.7M
Q3 25
$18.9M
$106.8M
Q2 25
$20.4M
$129.0M
Q1 25
$21.5M
$105.3M
Q4 24
$19.3M
$124.1M
Q3 24
$18.8M
$97.9M
Q2 24
$18.0M
$105.5M
Q1 24
$17.6M
$108.8M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LSF
LSF
SRFM
SRFM
Operating Cash FlowLast quarter
$68.4K
$-18.4M
Free Cash FlowOCF − Capex
$-20.1M
FCF MarginFCF / Revenue
-76.0%
Capex IntensityCapex / Revenue
6.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-70.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LSF
LSF
SRFM
SRFM
Q4 25
$68.4K
$-18.4M
Q3 25
$1.2M
$-19.3M
Q2 25
$-2.8M
$-10.6M
Q1 25
$-1.3M
$-15.8M
Q4 24
$339.2K
$-23.6M
Q3 24
$305.8K
$-12.3M
Q2 24
$642.7K
$-5.6M
Q1 24
$-422.3K
$-12.8M
Free Cash Flow
LSF
LSF
SRFM
SRFM
Q4 25
$-20.1M
Q3 25
$-21.1M
Q2 25
$-11.9M
Q1 25
$-17.1M
Q4 24
$-32.7M
Q3 24
$-13.6M
Q2 24
$-6.3M
Q1 24
$-13.5M
FCF Margin
LSF
LSF
SRFM
SRFM
Q4 25
-76.0%
Q3 25
-72.2%
Q2 25
-43.2%
Q1 25
-72.6%
Q4 24
-116.5%
Q3 24
-47.8%
Q2 24
-19.5%
Q1 24
-44.2%
Capex Intensity
LSF
LSF
SRFM
SRFM
Q4 25
6.5%
Q3 25
5.9%
Q2 25
4.4%
Q1 25
5.4%
Q4 24
32.4%
Q3 24
4.4%
Q2 24
2.2%
Q1 24
2.3%
Cash Conversion
LSF
LSF
SRFM
SRFM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-18.64×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LSF
LSF

Wholesale$7.0M52%
Coffee Tea And Hot Chocolate Products$4.4M33%
Hydration And Beverage Enhancing Supplements$1.6M12%
Other$352.6K3%

SRFM
SRFM

Scheduled$17.2M65%
On Demand$9.2M35%

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