SURF AIR MOBILITY INC.
For the period ended Mar 31, 2025. Filed May 13, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 13, 2025
SRFM$0.74+5.2%Stored close · as of Nov 10, 2026
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Unaudited Condensed Consolidated Statements of Operations
(in thousands, except share and per share data)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenue | $23,506 | $30,624 |
| Operating expenses: | ||
| Cost of revenue, exclusive of depreciation and amortization | 24,706 | 28,489 |
| Technology and development | 2,680 | 7,009 |
| Sales and marketing | 1,653 | 3,009 |
| General and administrative | 10,886 | 24,609 |
| Depreciation and amortization | 2,148 | 1,978 |
| Total operating expenses | 42,073 | 65,094 |
| Operating loss | $(18,567) | $(34,470) |
| Other income (expense): | ||
| Changes in fair value of financial instruments carried at fair value, net | $5,396 | $(515) |
| Interest expense | (3,895) | (1,671) |
| Gain on extinguishment of debt | 39 | — |
| Other expense | (1,492) | (355) |
| Total other income (expense), net | $48 | $(2,541) |
| Loss before income taxes | (18,519) | (37,011) |
| Income tax benefit | 53 | 46 |
| Net loss | $(18,466) | $(36,965) |
| Net loss per share applicable to common shareholders, basic and diluted | $(1.09) | $(3.35) |
| Weighted-average number of common shares used in net loss per share applicable to common shareholders, basic and diluted | 16,905,684 | 11,044,190 |
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