Financial Snapshot

Revenue
$118.2M
TTM
Gross Margin
8.72%
TTM
Net Earnings
-$187.2M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
10.65%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
-$135.6M
Q3 2024
Cash
Q3 2024
P/E
-0.3497
Nov 29, 2024 EST
Free Cash Flow
-$50.45M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020
Revenue $60.51M $20.27M $11.80M $7.500M
YoY Change 198.44% 71.84% 57.31%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020
Revenue $60.51M $20.27M $11.80M $7.500M
Cost Of Revenue $54.94M $24.82M $14.50M $8.199M
Gross Profit $5.564M -$4.550M -$2.697M -$699.0K
Gross Profit Margin 9.2% -22.44% -22.86% -9.32%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020
Selling, General & Admin $117.7M $42.04M $26.64M $15.06M
YoY Change 179.92% 57.82% 76.93%
% of Gross Profit 2114.92%
Research & Development $20.85M $3.289M $2.964M $2.176M
YoY Change 533.93% 10.96% 36.21%
% of Gross Profit 374.73%
Depreciation & Amortization $3.762M $1.027M $1.052M $2.828M
YoY Change 266.31% -2.38% -62.8%
% of Gross Profit 67.61%
Operating Expenses $142.3M $46.35M $30.65M $20.06M
YoY Change 206.96% 51.22% 52.81%
Operating Profit -$136.7M -$50.90M -$33.35M -$20.76M
YoY Change 168.59% 52.64% 60.66%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020
Interest Expense -$53.20M -$28.31M -$2.216M -$2.109M
YoY Change 87.94% 1177.39% 5.07%
% of Operating Profit
Other Income/Expense, Net -$3.708M -$1.102M -$909.0K -$570.0K
YoY Change 236.48% 21.23% 59.47%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020
Pretax Income -$254.0M -$74.36M -$35.78M -$23.44M
YoY Change 241.57% 107.81% 52.68%
Income Tax -$3.304M $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$250.7M -$74.36M -$35.78M -$23.44M
YoY Change 237.13% 107.81% 52.68%
Net Earnings / Revenue -414.34% -366.79% -303.31% -312.49%
Basic Earnings Per Share -$6.35 -$5.51
Diluted Earnings Per Share -$6.35 -$1.67 -$0.80 -$0.53

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020
Cash & Short-Term Investments $1.720M $6.000K $719.0K $7.397M
YoY Change 28566.67% -99.17% -90.28%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $11.05M $7.755M $1.201M $813.0K
YoY Change 42.5% 545.71% 47.72%
Inventory
Prepaid Expenses
Receivables $4.965M $161.0K $15.00K $161.0K
Other Receivables $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $17.74M $7.922M $1.935M $8.371M
YoY Change 123.88% 309.41% -76.88%
Property, Plant & Equipment $60.15M $1.767M $703.0K $600.0K
YoY Change 3304.19% 151.35% 17.17%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.438M $2.722M $2.977M $239.0K
YoY Change 136.52% -8.57% 1145.61%
Total Long-Term Assets $93.25M $5.775M $5.623M $3.336M
YoY Change 1514.77% 2.7% 68.56%
Total Assets $111.0M $13.70M $7.558M $11.71M
YoY Change
Accounts Payable $18.85M $12.89M $14.04M $8.794M
YoY Change 46.26% -8.2% 59.68%
Accrued Expenses $63.69M $15.64M $13.20M $11.55M
YoY Change 307.12% 18.52% 14.28%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $11.79M $11.31M
YoY Change -100.0% 4.21%
Long-Term Debt Due $13.13M $16.10M $11.29M $8.714M
YoY Change -18.42% 42.55% 29.58%
Total Short-Term Liabilities $140.1M $57.40M $55.58M $43.57M
YoY Change 144.11% 3.28% 27.55%
Long-Term Debt $21.75M $37.71M $408.0K $397.0K
YoY Change -42.32% 9143.38% 2.77%
Other Long-Term Liabilities $26.61M $10.01M $5.909M $5.695M
YoY Change 165.85% 69.37% 3.76%
Total Long-Term Liabilities $48.36M $47.72M $6.317M $6.092M
YoY Change 1.34% 655.44% 3.69%
Total Liabilities $188.5M $105.1M $61.89M $49.66M
YoY Change 79.3% 69.84% 24.62%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020
Basic Shares Outstanding 39.47M 13.49M
Diluted Shares Outstanding 39.47M 13.49M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $65.445 Million

About SURF AIR MOBILITY INC.

Surf Air Mobility Inc is a US-based company operating in Passenger Airlines industry. The company is headquartered in Hawthorne, California and currently employs 625 full-time employees. The company went IPO on 2023-07-27. Surf Air Mobility Inc. provides a regional air mobility platform, expanding the category of regional air travel to transform flying through the power of electrification. The company is the operator of the commuter airline in the United States. The company intends to develop powertrain technology with its commercial partners to electrify existing fleets and bring electrified aircraft to market at scale. The firm is engaged in expanding the category of regional air travel, connecting underutilized regional airports and private terminals to create a shared private customer experience and a high frequency commercial-like air service, using small turboprop aircraft. The company provides both scheduled routes and on-demand charter flights operated by third parties. The company is also a passenger operator of Cessna Grand Caravan EXs (Cessna Caravans) in the United States by scheduled departures. Its combined network serves approximately 176,131 passengers across 41 cities with over 31,476 departures.

Industry: Air Transportation, Nonscheduled Peers: Allegiant Travel CO Wheels Up Experience Inc. Blade Air Mobility, Inc. DELTA AIR LINES, INC. Frontier Group Holdings, Inc. HARBOR DIVERSIFIED, INC. HAWAIIAN HOLDINGS INC MESA AIR GROUP INC Sun Country Airlines Holdings, Inc.