Surf Air Mobility Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	7.06	21.11	1.72	0.01	0.72	7.4
Cash & Short-Term Investments	7.06	21.11	1.72	0.01	0.72	7.4
Cash Growth	1295.65%	1127.15%	28566.67%	-99.17%	-90.28%	-
Receivables	5.04	4.26	4.97	0.16	0.02	0.16
Inventory	0.03	0.04	0.3	-	-	-
Prepaid Expenses	2.68	3.2	4.71	7.76	1.2	0.81
Other Current Assets	7.21	5.27	6.04	-	-	-
Total Current Assets	22.01	33.88	17.74	7.92	1.94	8.37
Property, Plant & Equipment	58.13	60.37	60.15	1.77	0.7	0.6
Other Intangible Assets	20.81	23.12	26.66	1.29	1.94	2.5
Other Long-Term Assets	5.84	6.69	6.44	2.72	2.98	0.24
Total Assets	106.79	124.06	110.99	13.7	7.56	11.71
Accounts Payable	16.4	17.98	18.85	12.89	14.04	8.79
Accrued Expenses	32.17	28.3	52.77	13.43	13.2	8.08
Short-Term Debt	4.53	5.86	3	0.15	0.11	0.16
Current Portion of Long-Term Debt	2.66	2.54	12.89	15.95	23.06	19.99
Current Portion of Leases	3.97	5.6	6.01	0.9	-	-
Current Unearned Revenue	15.97	17.39	19.01	7.82	5.16	3.08
Other Current Liabilities	12.43	11.94	27.58	6.26	-	3.47
Total Current Liabilities	88.13	89.61	140.11	57.4	55.58	43.57
Long-Term Debt	67.78	67.23	20.62	37.71	0.41	0.4
Long-Term Leases	10.35	12.95	8.32	0.25	-	-
Long-Term Unearned Revenue	-	-	2.7	-	-	-
Other Long-Term Liabilities	33.09	74.27	16.73	9.76	5.91	5.7
Total Liabilities	199.34	244.06	188.47	105.12	61.89	49.66
Common Stock	0.01	0	0	0	0.19	0.15
Additional Paid-In Capital	658.56	557.44	525.05	126.34	100.97	96.07
Retained Earnings	-751.12	-677.44	-602.54	-351.84	-277.48	-241.69
Comprehensive Income & Other	-	-	-	-	-	0.64
Total Common Equity	-92.56	-120	-77.49	-225.5	-176.32	-144.83
Shareholders' Equity	-92.56	-120	-77.49	-91.42	-54.33	-37.96
Total Liabilities & Equity	106.79	124.06	110.99	13.7	7.56	11.71
Total Debt	89.29	94.17	50.83	54.96	23.58	20.55
Net Cash (Debt)	-82.23	-73.07	-49.11	-54.95	-22.86	-13.15
Net Cash Per Share	-3.41	-5.66	-8.71	-28.51	-0.83	-0.88
Filing Date Shares Outstanding	52.27	16.95	11.54	39.96	26.57	14.89
Total Common Shares Outstanding	46.96	16.93	10.88	39.96	26.57	14.89
Working Capital	-66.11	-55.74	-122.38	-49.48	-53.64	-35.2
Book Value Per Share	-1.97	-7.09	-7.12	-5.64	-6.64	-9.73
Tangible Book Value	-113.36	-143.12	-104.15	-226.79	-178.26	-147.32
Tangible Book Value Per Share	-2.41	-8.45	-9.57	-5.68	-6.71	-9.90
Machinery	45.84	43.45	45.38	0.26	0.24	0.15
Leasehold Improvements	3.1	2.3	2.48	0.66	0.62	1.26

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q