Surf Air Mobility Inc.

Surf Air Mobility Inc. reported a net loss of $110.6 million for FY 2025, compared to a net loss of $74.9 million in FY 2024, representing a significant increase in losses. Revenue declined to $106.6 million from $119.4 million in the prior year. The company's operating loss widened to $76.9 million from $60.3 million, driven by high operating expenses of $183.4 million, which exceeded revenue. Cash flow from operations was negative $64.2 million, while financing activities provided $71.0 million, primarily from convertible notes and equity issuances. The company's financial statements include a going concern qualification, noting substantial doubt about its ability to continue as a going concern due to losses, negative cash flows, and a working capital deficit.

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