Flyexclusive vs Surf AIR Mobility
Flyexclusive is the larger business, with $376m of revenue in fiscal 2025 against $107m for Surf AIR Mobility (3.5 times as much). Flyexclusive grew faster (14.9% against -10.8%). Flyexclusive kept more of each dollar of sales as profit: a net margin of -4.7% against -103.8%.
| Latest fiscal year | FlyexclusiveFLYX, 2025 | Surf AIR MobilitySRFM, 2025 |
|---|---|---|
| Revenue | $376m | $107m |
| Revenue growth | 14.9% | -10.8% |
| Net income | −$17.6m | −$111m |
| Operating margin | -12.6% | -72.1% |
| Net margin | -4.7% | -103.8% |
| Return on equity | — | — |
| Free cash flow | −$24.3m | −$70.1m |
| Cash | $29.3m | $12.7m |
| Total debt | $117m | $17.1m |
| Debt to equity | — | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | 573 |
| Market value | $47.4m | $89.2m |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 3 buys, 0 sales | 0 buys, 4 sales |