SRFM: Surf Air Mobility Inc Financial Statements

Balance sheet, income statement, and cash flow statements for Surf Air Mobility Inc (SRFM).

OverviewDividends

$83.59M Market Cap.

As of 05/14/2025 5:00 PM ET (MRY) • Disclaimer

SRFM Market Cap. (MRY)


SRFM Shares Outstanding (MRY)


SRFM Assets (MRY)


Total Assets

$124.06M

Total Liabilities

$244.06M

Total Investments

$0

SRFM Income (MRY)


Revenue

$119.42M

Net Income

-$74.91M

Operating Expense

$69.75M

SRFM Cash Flow (MRY)


CF Operations

-$54.32M

CF Investing

-$3.61M

CF Financing

$77.17M

SRFM Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$124,058,000 (11.78%)

$110,989,000 (710.32%)

$13,697,000 (-52.41%)

$28,779,000

Assets Current

$33,875,000 (91.00%)

$17,736,000 (123.88%)

$7,922,000 (-30.47%)

$11,393,000

Assets Non-Current

$90,183,000 (-3.29%)

$93,253,000 (1514.77%)

$5,775,000 (-66.78%)

$17,386,000

Goodwill & Intangible Assets

$23,118,000 (-13.30%)

$26,663,000 (1973.33%)

$1,286,000 (0%)

$0

Shareholders Equity

-$119,997,000 (-54.86%)

-$77,485,000 (65.11%)

-$222,089,000 (-9510.55%)

$2,360,000

Property Plant & Equipment Net

$60,374,000 (0.37%)

$60,152,000 (3304.19%)

$1,767,000 (-87.64%)

$14,295,000

Cash & Equivalents

$21,675,000 (791.61%)

$2,431,000 (166.56%)

$912,000 (-84.03%)

$5,710,000

Accumulated Other Comprehensive Income

$0 (0%)

$0 (0%)

$0 (0%)

$0

Deferred Revenue

$17,393,000 (-8.51%)

$19,011,000 (143.11%)

$7,820,000 (73.28%)

$4,513,000

Total Investments

$0 (0%)

$0 (0%)

$0 (0%)

$0

Investments Current

$0 (0%)

$0 (0%)

$0 (0%)

$0

Investments Non-Current

$0 (0%)

$0 (0%)

$0 (0%)

$0

Inventory

$0 (0%)

$0 (0%)

$0 (0%)

$0

Trade & Non-Trade Receivables

$4,257,000 (-14.26%)

$4,965,000 (2983.85%)

$161,000 (-94.93%)

$3,174,000

Trade & Non-Trade Payables

$70,237,000 (52.83%)

$45,958,000 (157.64%)

$17,838,000 (139.15%)

$7,459,000

Accumulated Retained Earnings (Deficit)

-$677,443,000 (-12.43%)

-$602,535,000 (-71.25%)

-$351,839,000 (-5660.30%)

-$6,108,000

Tax Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0

Tax Liabilities

$0 (0%)

$0 (0%)

$0 (0%)

$0

Total Debt

$86,659,000 (94.75%)

$44,497,000 (-19.04%)

$54,959,000 (805.72%)

$6,068,000

Debt Current

$6,941,000 (-59.73%)

$17,236,000 (1.39%)

$17,000,000 (2615.65%)

$626,000

Debt Non-Current

$79,718,000 (192.43%)

$27,261,000 (-28.18%)

$37,959,000 (597.52%)

$5,442,000

Total Liabilities

$244,055,000 (29.49%)

$188,474,000 (79.30%)

$105,119,000 (361.15%)

$22,795,000

Liabilities Current

$89,610,000 (-36.04%)

$140,114,000 (144.11%)

$57,398,000 (381.65%)

$11,917,000

Liabilities Non-Current

$154,445,000 (219.37%)

$48,360,000 (1.34%)

$47,721,000 (338.69%)

$10,878,000

SRFM Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$119,425,000 (97.38%)

$60,505,000 (198.44%)

$20,274,000 (-64.85%)

$57,679,000

Cost of Revenue

$109,934,000 (77.55%)

$61,918,000 (149.43%)

$24,824,000 (14.20%)

$21,738,000

Selling General & Administrative Expense

$37,365,000 (-66.25%)

$110,697,000 (163.33%)

$42,038,000 (98.27%)

$21,202,000

Research & Development Expense

$24,041,000 (15.30%)

$20,850,000 (533.93%)

$3,289,000 (0%)

$0

Operating Expenses

$69,747,000 (-64.30%)

$195,354,000 (321.44%)

$46,354,000 (91.70%)

$24,181,000

Interest Expense

$8,617,000 (190.23%)

$2,969,000 (398.15%)

$596,000 (-19.89%)

$744,000

Income Tax Expense

-$287,000 (91.31%)

-$3,304,000 (0%)

$0 (0%)

$440,000

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0

Consolidated Income

-$74,908,000 (70.12%)

-$250,696,000 (-237.13%)

-$74,362,000 (-797.58%)

$10,660,000

Net Income to Non-Controlling Interests

$0 (0%)

$0 (0%)

$0 (0%)

$0

Net Income

-$74,908,000 (70.12%)

-$250,696,000 (-237.13%)

-$74,362,000 (-797.58%)

$10,660,000

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0 (0%)

$0

Net Income Common Stock

-$74,908,000 (70.12%)

-$250,696,000 (-237.13%)

-$74,362,000 (-797.58%)

$10,660,000

Weighted Average Shares

$12,910,341 (128.98%)

$5,638,128 (192.50%)

$1,927,546 (-92.99%)

$27,481,814

Weighted Average Shares Diluted

$12,910,341 (128.98%)

$5,638,128 (192.50%)

$1,927,546 (-92.99%)

$27,481,814

Earning Before Interest & Taxes (EBIT)

-$66,578,000 (73.48%)

-$251,031,000 (-240.31%)

-$73,766,000 (-722.81%)

$11,844,000

Gross Profit

$9,491,000 (771.69%)

-$1,413,000 (68.95%)

-$4,550,000 (-112.66%)

$35,941,000

Operating Income

-$60,256,000 (69.38%)

-$196,767,000 (-286.55%)

-$50,904,000 (-532.86%)

$11,760,000

SRFM Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

-$3,609,000 (49.17%)

-$7,100,000 (-2282.55%)

-$298,000 (95.24%)

-$6,267,000

Net Cash Flow from Financing

$77,175,000 (5.73%)

$72,990,000 (163.76%)

$27,673,000 (2568.60%)

-$1,121,000

Net Cash Flow from Operations

-$54,322,000 (15.61%)

-$64,371,000 (-129.59%)

-$28,037,000 (-354.30%)

$11,025,000

Net Cash Flow / Change in Cash & Cash Equivalents

$19,244,000 (1166.89%)

$1,519,000 (329.46%)

-$662,000 (-118.20%)

$3,637,000

Net Cash Flow - Business Acquisitions and Disposals

$0 (0%)

$678,000 (0%)

$0 (0%)

$0

Net Cash Flow - Investment Acquisitions and Disposals

$0 (0%)

$0 (0%)

$0 (0%)

$0

Capital Expenditure

-$3,609,000 (53.60%)

-$7,778,000 (-2510.07%)

-$298,000 (95.24%)

-$6,267,000

Issuance (Repayment) of Debt Securities

$73,261,000 (124.94%)

$32,569,000 (24.30%)

$26,201,000 (2437.29%)

-$1,121,000

Issuance (Purchase) of Equity Shares

$3,914,000 (-89.54%)

$37,421,000 (51873.61%)

$72,000 (0%)

$0

Payment of Dividends & Other Cash Distributions

$0 (0%)

$0 (0%)

$0 (0%)

$0

Effect of Exchange Rate Changes on Cash

$0 (0%)

$0 (0%)

$0 (0%)

$0

Share Based Compensation

-$5,976,000 (-112.38%)

$48,252,000 (287.50%)

$12,452,000 (5560.00%)

$220,000

Depreciation Amortization & Accretion

$14,031,000 (137.45%)

$5,909,000 (475.37%)

$1,027,000 (-35.97%)

$1,604,000

SRFM Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

7.90% (443.48%)

-2.30% (89.73%)

-22.40% (-135.96%)

62.30%

Profit Margin

-62.70% (84.87%)

-414.30% (-12.95%)

-366.80% (-2082.70%)

18.50%

EBITDA Margin

-44.00% (89.14%)

-405.10% (-12.90%)

-358.80% (-1639.91%)

23.30%

Return on Average Equity (ROAE)

61.10% (-65.26%)

175.90% (159.82%)

67.70%

-

Return on Average Assets (ROAA)

-68.70% (77.76%)

-308.90% (11.77%)

-350.10%

-

Return on Sales (ROS)

-55.70% (86.58%)

-414.90% (-14.05%)

-363.80% (-1874.63%)

20.50%

Return on Invested Capital (ROIC)

499.60% (-92.83%)

6972.60% (1342.00%)

-561.40%

-

Dividend Yield

0% (0%)

0%

-

-

Price to Earnings Ratio (P/E)

-0.93 (-280.74%)

-0.24

-

-

Price to Sales Ratio (P/S)

0.58 (-42.33%)

1.01

-

-

Price to Book Ratio (P/B)

-0.7 (52.68%)

-1.47

-

-

Debt to Equity Ratio (D/E)

-2.03 (16.37%)

-2.43 (-414.16%)

-0.47 (-104.90%)

9.66

Earnings Per Share (EPS)

-5.8 (86.95%)

-44.46 (-15.27%)

-38.57 (-2800.00%)

-1.33

Sales Per Share (SPS)

9.25 (-13.80%)

10.73 (2.03%)

10.52 (401.10%)

2.1

Free Cash Flow Per Share (FCFPS)

-4.49 (64.94%)

-12.8 (12.95%)

-14.7 (-8597.11%)

0.17

Book Value Per Share (BVPS)

-9.29 (32.37%)

-13.74 (88.07%)

-115.22 (-134075.58%)

0.09

Tangible Assets Book Value Per Share (TABVPS)

7.82 (-47.72%)

14.96 (132.27%)

6.44 (515.00%)

1.05

Enterprise Value Over EBIT (EV/EBIT)

-2 (-100.00%)

-1

-

-

Enterprise Value Over EBITDA (EV/EBITDA)

-2.31 (-268.53%)

-0.63

-

-

Asset Turnover

1.09 (46.78%)

0.75 (-21.88%)

0.95

-

Current Ratio

0.38 (197.64%)

0.13 (-7.97%)

0.14 (-85.56%)

0.96

Dividends

$0 (0%)

$0 (0%)

$0 (0%)

$0

Free Cash Flow (FCF)

-$57,931,000 (19.71%)

-$72,149,000 (-154.63%)

-$28,335,000 (-695.52%)

$4,758,000

Enterprise Value (EV)

$121,249,227 (-20.96%)

$153,402,793

-

-

Earnings Before Tax (EBT)

-$75,195,000 (70.40%)

-$254,000,000 (-241.57%)

-$74,362,000 (-769.93%)

$11,100,000

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

-$52,547,000 (78.56%)

-$245,122,000 (-236.99%)

-$72,739,000 (-640.89%)

$13,448,000

Invested Capital

$76,314,000 (656.14%)

-$13,722,000 (-251.46%)

$9,060,000 (-47.39%)

$17,220,000

Working Capital

-$55,735,000 (54.46%)

-$122,378,000 (-147.35%)

-$49,476,000 (-9341.98%)

-$524,000

Tangible Asset Value

$100,940,000 (19.70%)

$84,326,000 (579.45%)

$12,411,000 (-56.87%)

$28,779,000

Market Capitalization

$83,590,227 (-26.75%)

$114,121,793

-

-

Average Equity

-$122,499,500 (14.04%)

-$142,509,750 (-29.71%)

-$109,864,500

-

Average Assets

$109,067,500 (34.41%)

$81,147,000 (282.08%)

$21,238,000

-

Invested Capital Average

-$13,325,500 (-270.13%)

-$3,600,250 (-127.40%)

$13,140,000

-

Shares

15,508,391 (47.44%)

10,518,138 (49.90%)

7,016,655

-