Surf AIR Mobility Inc. income statement
In fiscal 2025, Surf AIR Mobility Inc. reported revenue of $107m, down 10.8% on the year before, operating income of −$76.9m (a -72.1% margin) and net income of −$111m, or −$3.15 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|
| Revenue | 20 | 61 | 119 | 107 | 111 |
| Selling and marketing | 5 | 10 | 8 | 8 | 10 |
| General and administrative | 37 | 101 | 30 | 53 | 48 |
| Operating income | −51 | −197 | −60 | −77 | −75 |
| Interest expense | 1 | 3 | 9 | 13 | 8 |
| Income before tax | −74 | −254 | −75 | −111 | −113 |
| Income tax | — | −3 | −0 | −0 | −0 |
| Net income | −74 | −251 | −75 | −111 | −112 |
| Diluted EPS | −$5.51 | −$44.46 | −$5.80 | −$3.15 | — |
| Diluted shares (average) | 13m | 6m | 13m | 35m | — |
| EBITDA | −50 | −193 | −52 | −68 | −65 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 28 | 28 | 24 | 27 | 29 | 26 | 26 | 30 |
| Selling and marketing | 1 | 1 | 2 | 2 | 2 | 3 | 2 | 3 |
| General and administrative | 0 | −15 | 11 | 13 | 11 | 19 | 6 | 11 |
| Operating income | −9 | 8 | −19 | −16 | −17 | −26 | −13 | −19 |
| Interest expense | 2 | 3 | 4 | 4 | 3 | 2 | 1 | 1 |
| Income before tax | −12 | 1 | −19 | −28 | −27 | −37 | −20 | −28 |
| Income tax | −0 | −0 | −0 | −0 | −0 | −0 | −0 | −0 |
| Net income | −12 | 1 | −18 | −28 | −27 | −37 | −20 | −28 |
| Diluted EPS | −$0.47 | $0.30 | −$0.55 | −$0.67 | −$0.64 | −$0.41 | −$0.26 | −$0.29 |
| EBITDA | −7 | 10 | −16 | −13 | −14 | −24 | −11 | −16 |
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