4 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $107M | -$111M | 0.0% | -72.1% | -$70M | $17M | $13M |
| 2024 | $119M | -$75M | 0.0% | -50.5% | -$66M | $62M | $21M |
| 2023 | $61M | -$251M | 0.0% | -325.2% | -$72M | $26M | $2M |
| 2022 | $20M | -$74M | 0.0% | -251.1% | -$28M | — | $6000 |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $26M | -$20M | 0.0% | -52.1% | -$15M | $17M | $4M |
| Dec '25 | $26M | -$37M | 0.0% | -97.8% | -$20M | $17M | $13M |
| Sep '25 | $29M | -$27M | 0.0% | -56.6% | -$21M | $64M | $7M |
| Jun '25 | $27M | -$28M | 0.0% | -58.1% | -$12M | $63M | $23M |
| Mar '25 | $24M | -$18M | 0.0% | -79.0% | -$17M | $63M | $7M |
| Dec '24 | $28M | $1M | 0.0% | 28.9% | -$33M | $62M | $21M |
| Sep '24 | $28M | -$12M | 0.0% | -30.4% | -$14M | $23M | $506000 |
| Jun '24 | $32M | -$27M | 0.0% | -78.0% | -$6M | $23M | $1M |
| Mar '24 | $31M | -$37M | 0.0% | -112.6% | -$14M | $25M | $1M |
| Dec '23 | $27M | -$111M | 0.0% | -404.5% | -$15M | $26M | $2M |
| Sep '23 | $22M | -$75M | 0.0% | -286.9% | -$36M | $27M | $6M |
| Jun '23 | $6M | -$45M | 0.0% | -212.3% | -$12M | — | $2M |
| Mar '23 | $6M | -$21M | 0.0% | -218.8% | -$9M | — | — |
| Dec '22 | $6M | -$24M | 0.0% | -263.1% | -$6M | — | $6000 |
| Sep '22 | $5M | -$21M | 0.0% | -218.6% | — | — | — |
| Jun '22 | $4M | -$19M | 0.0% | -291.5% | — | — | — |
How the market has priced SRFM against its own fundamentals since 2023-07 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 3 years, SURF AIR MOBILITY INC.'s revenue has grown 73.9% per year. These are computed facts, not advice.
As of FY2025, SURF AIR MOBILITY INC. reported $17M of total debt against $13M of cash; operating income covered interest expense -5.8×.
In FY2025, gross margin was —, operating margin -72.1%, and net margin -103.8%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.