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Surf Air Mobility SRFM Q4 2025 Annual earnings

Reported March 12, 2026 · After market close

Revenue$26.4MBeat by $182.7K
EPS-$0.16Beat by $0.14
Revenue estimate$26.2M
EPS estimate-$0.30

Next report

Nov 11, 2026 (in 2 months)
Revenue estimate$35.6M
EPS estimate-$0.13

Financials

Q4 2025

Income statement

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Revenue$26.4M-5.7%
Gross profit$768.0K-58.0%
Operating income-$25.9M—
Net income-$36.9M—
EPS (diluted)-$0.41—

Balance sheet

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Cash & equivalents$12.7M-40.0%
Total debt$30.9M-61.9%
Total equity-$54.9M+54.3%
Total assets$131.7M+6.1%

Cash flow

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Operating cash flow-$18.4M+22.1%
CapEx$1.7M-81.1%
Free cash flow-$20.1M+38.5%

Valuation & ratios

Valuation

as of 12/31/25
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Market cap$122.65M+46.7%
Enterprise value$140.84M-1.8%
P/S1.2×+0.5×

Profitability

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Gross margin4.2%-3.8pp
Operating margin-72.1%—
Net margin-103.8%+174pp
FCF margin-65.8%+15.3pp

Returns & leverage

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Current ratio0.2×-0.1×

Segments

By segment

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Air Mobility$26.4M-5.7%

FAQ

When did Surf Air Mobility report Q4 2025 earnings?
Surf Air Mobility (SRFM) reported Q4 2025 earnings on March 12, 2026 after market close.
What were Surf Air Mobility's Q4 2025 revenue and EPS?
Surf Air Mobility reported revenue of $26.4M and eps of $-0.16 for Q4 2025.
Did Surf Air Mobility beat estimates in Q4 2025?
Revenue beat the consensus estimate of $26.2M by $182.7K. EPS beat the consensus estimate of $-0.30 by $0.14.
How did Surf Air Mobility's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 5.9% from $28.0M a year earlier.
Where can I find Surf Air Mobility's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001193125-26-104302) and the 10-K periodic report (0001193125-26-104468) directly on SEC EDGAR. The filing index links above go to sec.gov.