Surf Air Mobility (SRFM) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
119.4M
Gross Profit
1.2M
0.96%
Operating Income
-60.3M
-50.46%
Net Income
-74.9M
-62.72%
EPS (Diluted)
-$5.80
Balance Sheet Metrics
Total Assets
124.1M
Total Liabilities
244.1M
Shareholders Equity
-120.0M
Cash Flow Metrics
Operating Cash Flow
-67.0M
Free Cash Flow
-68.4M
Revenue & Profitability Trend
Surf Air Mobility Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 119.4M | 60.5M | 20.3M | 11.8M | 7.5M |
| Cost of Goods Sold | 118.3M | 65.7M | 25.9M | 15.5M | 11.0M |
| Gross Profit | 1.2M | -5.2M | -5.6M | -3.7M | -3.5M |
| Operating Expenses | 61.4M | 131.5M | 45.3M | 29.6M | 17.2M |
| Operating Income | -60.3M | -136.7M | -50.9M | -33.4M | -20.8M |
| Pre-tax Income | -75.2M | -254.0M | -74.4M | -35.8M | -23.4M |
| Income Tax | -287.0K | -3.3M | 0 | 0 | 0 |
| Net Income | -74.9M | -250.7M | -74.4M | -35.8M | -23.4M |
| EPS (Diluted) | -$5.80 | -$44.45 | -$10.60 | -$5.10 | -$3.34 |
Income Statement Trend
Surf Air Mobility Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | 33.9M | 17.7M | 7.9M | 1.9M | 8.4M |
| Non-Current Assets | 90.2M | 93.3M | 5.8M | 5.6M | 3.3M |
| Total Assets | 124.1M | 111.0M | 13.7M | 7.6M | 11.7M |
| Liabilities | |||||
| Current Liabilities | 89.6M | 140.1M | 57.4M | 55.6M | 43.6M |
| Non-Current Liabilities | 154.4M | 48.4M | 178.4M | 125.0M | 109.7M |
| Total Liabilities | 244.1M | 188.5M | 235.8M | 180.6M | 153.2M |
| Equity | |||||
| Total Shareholders Equity | -120.0M | -77.5M | -222.1M | -173.0M | -141.5M |
Balance Sheet Composition
Surf Air Mobility Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | -74.9M | -250.7M | -74.4M | -35.8M | -23.4M |
| Operating Cash Flow | -67.0M | -197.2M | -55.7M | -25.8M | -11.4M |
| Investing Activities | |||||
| Capital Expenditures | -1.3M | -7.6M | -99.0K | -137.0K | -178.0K |
| Investing Cash Flow | -1.3M | -6.9M | -99.0K | -137.0K | 421.0K |
| Financing Activities | |||||
| Dividends Paid | - | - | - | - | - |
| Financing Cash Flow | 77.2M | 72.7M | 34.8M | 18.3M | 14.2M |
| Free Cash Flow | -68.4M | -72.1M | -28.3M | -24.2M | -9.0M |
Cash Flow Trend
Surf Air Mobility Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
-1.52
Forward P/E
-1.48
Price to Book
-1.10
Price to Sales
2.70
PEG Ratio
-1.48
Profitability Ratios
Profit Margin
-50.23%
Operating Margin
-78.99%
Return on Equity
62.42%
Return on Assets
-25.90%
Financial Health
Current Ratio
0.22
Debt to Equity
-0.67
Per Share Data
EPS (TTM)
-$3.54
Book Value per Share
-$7.03
Revenue per Share
$7.81
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| srfm | 302.8M | -1.52 | -1.10 | 62.42% | -50.23% | -0.67 |
| Delta Air Lines | 32.1B | 8.72 | 2.06 | 27.52% | 5.91% | 151.36 |
| United Airlines | 28.6B | 7.98 | 2.28 | 33.57% | 6.34% | 260.98 |
| JetBlue Airways | 1.6B | 41.30 | 0.64 | -11.30% | -3.12% | 385.03 |
| Air Transport | 1.5B | 56.20 | 0.99 | 1.92% | 1.40% | 107.99 |
| Allegiant Travel | 989.6M | 17.54 | 0.86 | -17.02% | -8.11% | 187.96 |
Financial data is updated regularly. All figures are in the company's reporting currency.