Surf Air Mobility (SRFM) Income Statement

Surf Air Mobility reported revenue of $106.56M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 10.8% from $119.42M a year earlier. Surf Air Mobility posted a net loss of $110.56M, compared with a net loss of $74.91M a year earlier. Gross margin was 3.9% and operating margin -72.1%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $29.51M, up 7.6% from the same quarter a year earlier.

Surf Air Mobility Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Surf Air Mobility Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	106.56	119.43	60.51	20.27	11.80	7.50
Cost of Revenue	102.38	109.93	61.92	25.85	15.55	11.03
Gross Profit	4.18	9.49	-1.41	-5.58	-3.75	-3.53
Operating Expenses
Research & Development	10.30	24.04	20.85	3.29	2.96	2.18
Selling, General & Administrative	61.46	37.37	110.70	42.04	26.64	15.06
Operating Expenses	81.06	69.75	195.35	45.33	29.60	17.23
Operating Income	-76.87	-60.26	-196.77	-50.90	-33.35	-20.76
Other Income/Expense
Interest Income	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	13.21	8.62	-2.97	0.60	2.14	1.57
Other Income/Expense	-34.06	-14.94	-57.23	-23.46	-0.29	-2.68
Income
Income Before Tax	-110.94	-75.20	-254.00	-74.36	-35.78	-23.44
Income Tax Expense	-0.38	-0.29	-3.30	0.00	0.00	0.00
Net Income	-110.56	-74.91	-250.70	-74.36	-35.78	-23.44
Net Income - Continuous Operations	-110.56	-74.91	-250.70	-74.36	-35.78	-23.44
Net Income - Discontinued Operations	-	-	-	-	-	-
EBITDA	-88.44	-58.24	-132.96	-72.74	-32.59	-19.04
EBIT	-97.73	-60.26	-136.72	-73.77	-33.64	-20.76
Depreciation & Amortization	9.29	8.34	3.76	1.03	1.05	2.83
Earnings Per Share
Basic EPS	-3.00	-6.00	-44.00	-7.00	-5.00	-2.00
Diluted EPS	-3.00	-6.00	-44.00	-7.00	-5.00	-2.00
Basic Shares Outstanding	35.10	12.91	5.64	9.98	7.02	9.98
Diluted Shares Outstanding	35.10	12.91	5.64	9.98	7.02	9.98

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Surf Air Mobility Financial Statements

What was Surf Air Mobility's revenue in fiscal 2025?

Surf Air Mobility reported revenue of $106.56M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 10.8% from $119.42M a year earlier.

Is Surf Air Mobility profitable?

No. Surf Air Mobility reported a net loss of $110.56M in fiscal 2025. In fiscal 2024 it lost $74.91M.

What is Surf Air Mobility's operating margin?

Surf Air Mobility's operating income was −$76.87M on revenue of $106.56M in fiscal 2025, an operating margin of -72.1%, compared with -50.5% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition