Jet.ai vs Surf AIR Mobility
Surf AIR Mobility is the larger business, with $107m of revenue in fiscal 2025 against $9.2m for Jet.ai (11.6 times as much). Surf AIR Mobility grew faster (-10.8% against -34.6%). Jet.ai kept more of each dollar of sales as profit: a net margin of 50.0% against -103.8%.
| Latest fiscal year | Jet.aiJTAI, 2025 | Surf AIR MobilitySRFM, 2025 |
|---|---|---|
| Revenue | $9.2m | $107m |
| Revenue growth | -34.6% | -10.8% |
| Net income | $4.6m | −$111m |
| Operating margin | -109.7% | -72.1% |
| Net margin | 50.0% | -103.8% |
| Return on equity | 32.2% | — |
| Free cash flow | −$8.2m | −$70.1m |
| Cash | $1.8m | $12.7m |
| Total debt | $0 | $17.1m |
| Debt to equity | 0.0% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | 573 |
| Market value | $1.7m | $89.2m |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 4 sales |