Surf Air Mobility Inc.

SRFM

SRFMSurf Air Mobility Inc. US flag

New York Stock Exchange

0.77

USD

+0.04

- -

85.81MMarket Cap

Income Statement (USD)

API ChatGPT

	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Sales/Revenue/Turnover	8	12	20	61	119	107
+ Sales & Services Revenue	8	12	20	61	119	107
- Cost of Revenue	11	16	26	66	118	112
+ Cost of Goods & Services	11	16	26	66	118	112
Gross Profit	-4	-4	-6	-5	1	-5
+ Other Operating Income	- -	- -	- -	- -	- -	- -
- Operating Expenses	17	30	45	132	61	72
+ Selling, General & Admin	15	27	42	111	37	61
+ Research & Development	2	3	3	21	24	10
+ Other Operating Expense	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	-21	-33	-51	-137	-60	-77
- Non-Operating (Income) Loss	3	2	23	117	15	34
+ Interest Expense, Net	2	2	1	3	9	13
+ Interest Expense	2	2	1	3	9	13
- Interest Income	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	1	- -	23	114	6	21
Pretax Income	-23	-36	-74	-254	-75	-111
- Income Tax Expense (Benefit)	- -	- -	- -	-3	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-23	-36	-74	-251	-75	-111
- Net Extraordinary Losses (Gains)	- -	- -	-1	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	-1	- -	- -	- -
Income (Loss) Incl. MI	-23	-36	-74	-251	-75	-111
- Minority Interest	- -	- -	1	- -	- -	- -
Net Income, GAAP	-23	-36	-74	-251	-75	-111
- Preferred Dividends	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-23	-36	-74	-251	-75	-111
EBIT	-21	-33	-51	-137	-60	-77
EBITDA	-18	-32	-50	-133	-52	-68
EBITDA Margin (%)	-239.07	-273.76	-246.01	-219.75	-43.47	-63.42
EBITA	-21	-33	-51	-137	-60	-77
Gross Margin (%)	-47.03	-31.78	-27.51	-8.55	0.96	-4.8
Operating Margin (%)	-276.77	-282.68	-251.08	-225.97	-50.46	-72.14
Profit Margin (%)	-312.49	-303.31	-366.79	-414.34	-62.72	-103.75
Sales per Employee	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -
Depreciation Expense	3	1	1	4	8	9
Basic Weighted Avg Shares	7	7	7	6	13	35
Basic EPS, GAAP	-3.34	-5.1	-10.6	-44.46	-5.8	-3.15
Basic EPS from Cont Ops	-3.34	-5.1	-10.6	-44.46	-5.8	-3.15
Diluted Weighted Avg Shares	7	7	7	6	13	35
Diluted EPS, GAAP	-3.34	-5.1	-10.6	-44.46	-5.8	-3.15
Diluted EPS from Cont Ops	-3.34	-5.1	-10.6	-44.46	-5.8	-3.15

Balance Sheet (USD)

API ChatGPT

	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Current Assets	8	2	8	18	34	31
+ Cash, Cash Equivalents & STI	7	1	- -	2	21	13
+ Cash & Cash Equivalents	7	1	- -	2	21	13
+ ST Investments	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	- -	- -	- -	5	4	4
+ Accounts Receivable, Net	- -	- -	- -	5	4	4
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -
+ Other ST Assets	1	1	8	11	9	14
+ Misc ST Assets	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	3	6	6	93	90	101
+ Property, Plant & Equip, Net	1	1	2	61	62	61
+ Property, Plant & Equip	3	1	2	64	69	71
- Accumulated Depreciation	3	1	1	2	6	10
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -
+ Other LT Assets	3	5	4	32	28	40
+ Total Intangible Assets	2	2	3	28	25	22
+ Goodwill	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	2	2	3	28	25	22
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	3	1	4	3	18
Total Assets	12	8	14	111	124	132
+ Payables & Accruals	19	26	31	74	53	56
+ Accounts Payable	9	14	13	19	18	18
+ Accrued Taxes	4	4	6	8	8	10
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	7	8	12	48	28	27
+ ST Debt	20	23	17	20	13	51
+ ST Borrowings	20	23	16	16	8	47
+ ST Finance Leases	- -	- -	1	4	4	4
+ Other ST Liabilities	4	7	9	46	23	27
+ Deferred Revenue	3	5	8	19	17	18
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	1	1	2	27	6	9
Total Current Liabilities	44	56	57	140	90	134
+ LT Debt	- -	- -	13	27	80	49
+ LT Borrowings	- -	- -	13	21	67	40
+ LT Finance Leases	- -	- -	- -	7	12	9
+ Other LT Liabilities	109	125	165	21	75	4
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	109	125	165	21	75	4
Total Noncurrent Liabilities	110	125	178	48	154	53
Total Liabilities	153	181	236	188	244	187
+ Preferred Equity and Hybrid Capital	3	3	3	- -	- -	- -
+ Share Capital & APIC	96	101	126	525	557	733
+ Common Stock	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	96	101	126	525	557	733
- Treasury Stock	- -	- -	- -	- -	- -	- -
+ Retained Earnings	-242	-277	-352	-603	-677	-788
+ Other Equity	1	- -	- -	- -	- -	- -
Equity Before Minority Interest	-142	-173	-222	-77	-120	-55
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -
Total Equity	-142	-173	-222	-77	-120	-55
Total Liabilities & Equity	12	8	14	111	124	132
Shares Outstanding	10	10	11	11	17	73
Number of Employees	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	1	11	17	13
Net Debt	13	23	29	35	55	74
Net Debt to Equity	-9.18	-13.15	-13.1	-44.87	-45.42	-135.17
Tangible Common Equity Ratio	-1,599.6	-3,174.76	-2,131.97	-128.46	-146.47	-69.63
Current Ratio	0.19	0.03	0.14	0.13	0.38	0.23
Cash Conversion Cycle	- -	-265.34	-188.55	-72.75	-42.74	-45.49

Cash Flow Statement (USD)

API ChatGPT

	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

+ Net Income	-23	-36	-74	-251	-75	-111
+ Depreciation & Amortization	3	1	1	4	8	9
+ Non-Cash Items	7	3	34	158	5	36
+ Stock-Based Compensation	6	3	12	48	-6	10
+ Deferred Income Taxes	- -	- -	- -	-3	- -	- -
+ Asset Impairment Charge	- -	- -	- -	60	- -	- -
+ Other Non-Cash Adj	1	-1	22	53	12	26
+ Chg in Non-Cash Work Cap	5	8	11	25	7	2
+ (Inc) Dec in Accts Receiv	- -	- -	- -	- -	1	- -
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	-1	1	- -
+ Inc (Dec) in Accts Payable	5	6	7	26	16	5
+ Inc (Dec) in Other	- -	3	4	- -	-10	-4
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	-9	-24	-28	-64	-54	-64
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	10	3
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	10	3
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	-8	-14	-8
+ Acq of Fixed Prod Assets	- -	- -	- -	-8	-12	-6
+ Acq of Intangible Assets	- -	- -	- -	- -	-2	-2
+ Cash (Repurchase) of Equity	- -	- -	- -	27	- -	51
+ Increase in Capital Stock	- -	- -	- -	28	- -	51
+ Decrease in Capital Stock	- -	- -	- -	-1	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	1	- -	- -	1	- -	- -
+ Cash from Divestitures	1	- -	- -	1	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	- -	- -	- -	-7	-4	-6
+ Dividends Paid	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	1	4	33	33	75	10
+ Cash From Debt	1	4	33	34	82	68
+ Repayments of Debt	- -	- -	- -	-2	-7	-58
+ Other Financing Activities	13	15	-6	14	2	10
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	14	18	28	73	77	71
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -
Net Changes in Cash	6	-6	-1	2	19	1
EBITDA	-18	-32	-50	-133	-52	-68
EBITDA Margin (%)	-239.07	-273.76	-246.01	-219.75	-43.47	-63.42
Free Cash Flow	-9	-24	-28	-72	-68	-73
Net Cash Paid for Acquisitions	-1	- -	- -	-1	- -	- -
Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -
Free Cash Flow to Equity	- -	-21	5	-43	19	-57
Free Cash Flow per Basic Share	-1.29	-3.45	-4.04	-12.8	-5.3	-2.07
Price/Free Cash Flow	- -	- -	- -	-1.08	-1.73	-1.22
Cash Flow to Net Income	0.37	0.67	0.38	0.26	0.73	0.58
Capital Expenditures	- -	- -	- -	-8	-14	-8