For the quarter ending 2025-09-30, SRFM had -$20,432K decrease in cash & cash equivalents over the period. -$21,076K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Revenue | 80,109 | - |
| Aircraft Expenses | 56,331 | - |
| Pilot Expenses | 10,925 | - |
| Other | 9,440 | - |
| Cost of revenue, exclusive of depreciation and amortization | 76,696 | - |
| Technology and development | 8,012 | - |
| Sales and marketing | 5,214 | - |
| General and administrative | 34,173 | - |
| Depreciation and amortization | 7,012 | - |
| Total operating expenses | 131,107 | - |
| Operating loss | -50,998 | - |
| Changes in fair value of financial instruments carried at fair value, net | -9,772 | - |
| Interest expense | 10,916 | - |
| Gain on extinguishment of debt | 39 | - |
| Other income (expense) | -2,209 | - |
| Total other expense, net | -22,858 | - |
| Loss before income taxes | -73,856 | - |
| Income tax benefit | -179 | - |
| Net loss | -27,213 | -46,464 |
| Depreciation and amortization | 2,423 | 4,589 |
| Loss (gain) on sale of fixed asset | 0 | -818 |
| Non-cash operating lease expense | 1,169 | 2,765 |
| Gain on extinguishment of debt | 0 | 39 |
| Stock-based compensation expense | 2,268 | 5,689 |
| Changes in fair value of financial instruments carried at fair value, net | -7,415 | -2,357 |
| Amortization of debt discounts and debt issuance costs | 398 | 1,210 |
| Deferred income taxes | -62 | -117 |
| Accounts receivable, net | -273 | 1,051 |
| Prepaid expenses and other current assets | -921 | 2,325 |
| Other assets | -24 | -319 |
| Accounts payable | -336 | 2,745 |
| Accrued expenses and other current liabilities | -3,234 | 5,455 |
| Deferred revenue | -1,884 | 460 |
| Operating lease liabilities | -1,503 | -2,849 |
| Other liabilities | 0 | -9 |
| Cash flows used in operating activities | -19,341 | -26,447 |
| Purchase of property and equipment | 1,735 | 2,483 |
| Proceeds from the sale of assets | 0 | 2,681 |
| Internal-use software development costs | 542 | 1,222 |
| Net cash used in investing activities | -2,277 | -1,024 |
| Borrowings on long-term debt | 917 | 1,833 |
| Principal payments on long-term debt | 603 | 1,318 |
| Proceeds from sales and advances under share purchase agreement | 8,214 | 10,744 |
| Principal payments on mandatory convertible security | 8,215 | 9,503 |
| Proceeds from the issuance of common stock, net of transaction expenses | 0 | 31,386 |
| Proceeds from collateralized borrowings, net of repayment | -147 | 340 |
| Proceeds from exercise of stock options | 255 | - |
| Proceeds from exercise of warrants | 830 | - |
| Payment of finance lease obligations | 65 | 137 |
| Net cash provided by financing activities | 1,186 | 33,345 |
| Increase (decrease) in cash, cash equivalents and restricted cash | -20,432 | 5,874 |
| Cash and cash equivalents at beginning of period | 21,675 | - |
| Cash and cash equivalents at end of period | 7,117 | - |
SURF AIR MOBILITY INC. (SRFM)
SURF AIR MOBILITY INC. (SRFM)