SURF AIR MOBILITY INC.
For the period ended Jun 30, 2025. Filed Aug 12, 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.
Jun 30, 2025 · Filed Aug 12, 2025
SRFM$0.70+0.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statement of Changes in Shareholders’ Deficit
Three and Six Months Ended June 30, 2025 and 2024
(in thousands, except share data)
| Stockholders’ Equity (Deficit) | |||||
|---|---|---|---|---|---|
| Common Stock | |||||
| Number ofShares | Amount | Additional Paid-In Capital | AccumulatedDeficit | Total Shareholders' Deficit | |
| Balance at March 31, 2025 | 17,198,257 | $2 | $560,270 | $(695,909) | $(135,637) |
| Issuance of common stock related to restricted shares | 572,060 | — | — | — | — |
| Issuance of common stock related to performance-based restricted shares | 360,000 | — | — | — | — |
| Issuance of common stock in private placements | 816,326 | — | 2,000 | — | 2,000 |
| Issuance of common stock in direct offerings | 12,800,002 | 1 | 27,891 | — | 27,892 |
| Issuance of warrants to placement agents in direct offerings | — | — | 1,494 | — | 1,494 |
| Issuance of common stock under Share Purchase Agreement | 3,750,000 | 1 | 10,743 | — | 10,744 |
| Issuance of common stock in settlement of vendor payables | 24,457 | — | 60 | — | 60 |
| Issuance of common stock under software license agreement | 1,040,557 | — | 2,152 | — | 2,152 |
| Stock-based compensation expense | — | — | 3,810 | — | 3,810 |
| Net loss | — | — | — | (27,998) | (27,998) |
| Balance at June 30, 2025 | 36,561,659 | $4 | $608,420 | $(723,907) | $(115,483) |
| Stockholders’ Equity (Deficit) | |||||
|---|---|---|---|---|---|
| Common Stock | |||||
| Number ofShares | Amount | Additional Paid-In Capital | AccumulatedDeficit | Total Shareholders' Deficit | |
| Balance at March 31, 2024 | 11,702,455 | $1 | $533,198 | $(639,500) | $(106,301) |
| Issuance of common stock related to restricted shares | 16,548 | — | — | — | — |
| Issuance of common stock related to stock option exercises | 278 | — | 1 | — | 1 |
| Issuance of common stock under software license agreement | 693,818 | — | 2,000 | — | 2,000 |
| Issuance of common stock under marketing agreement | 19,676 | — | 137 | — | 137 |
| Issuance of common stock under Share Purchase Agreement | — | — | — | — | — |
| Stock-based compensation expense | — | — | 3,056 | — | 3,056 |
| Net loss | — | — | — | (26,983) | (26,983) |
| Balance at June 30, 2024 | 12,432,775 | $1 | $538,392 | $(666,483) | $(128,090) |
| Stockholders’ Equity (Deficit) | |||||
|---|---|---|---|---|---|
| Common Stock | |||||
| Number ofShares | Amount | Additional Paid-In Capital | AccumulatedDeficit | Total Shareholders' Deficit | |
| Balance at December 31, 2024 | 16,933,692 | $2 | $557,444 | $(677,443) | $(119,997) |
| Issuance of common stock related to restricted shares | 592,614 | — | — | — | — |
| Issuance of common stock related to performance-based restricted shares | 360,000 | — | — | — | — |
| Issuance of common stock in private placements | 816,326 | — | 2,000 | — | 2,000 |
| Issuance of common stock in direct offerings | 12,800,002 | 1 | 27,891 | — | 27,892 |
| Issuance of warrants to placement agents in direct offerings | — | — | 1,494 | — | 1,494 |
| Issuance of common stock under Share Purchase Agreement | 3,750,000 | 1 | 10,743 | — | 10,744 |
| Issuance of common stock in settlement of vendor payables | 24,457 | — | 60 | — | 60 |
| Issuance of common stock under software license agreement | 1,284,568 | — | 3,099 | — | 3,099 |
| Stock-based compensation expense | — | — | 5,689 | — | 5,689 |
| Net loss | — | — | — | (46,464) | (46,464) |
| Balance at June 30, 2025 | 36,561,659 | $4 | $608,420 | $(723,907) | $(115,483) |
| Stockholders’ Equity (Deficit) | |||||
|---|---|---|---|---|---|
| Common Stock | |||||
| Number ofShares | Amount | Additional Paid-In Capital | AccumulatedDeficit | Total Shareholders' Deficit | |
| Balance at December 31, 2023 | 10,878,634 | $1 | $525,049 | $(602,535) | $(77,485) |
| Issuance of common stock related to restricted shares | 60,984 | — | — | — | — |
| Issuance of common stock related to stock option exercises | 278 | — | 1 | — | 1 |
| Issuance of common stock under software license agreement | 1,272,686 | — | 6,000 | — | 6,000 |
| Issuance of common stock under marketing agreement | 26,144 | — | 187 | — | 187 |
| Issuance of common stock under Share Purchase Agreement | 194,049 | — | 1,456 | — | 1,456 |
| Stock-based compensation expense | — | — | 5,699 | — | 5,699 |
| Net loss | — | — | — | (63,948) | (63,948) |
| Balance at June 30, 2024 | 12,432,775 | $1 | $538,392 | $(666,483) | $(128,090) |
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