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Cash Flow Overview

Change in Cash
$4,165K
Free Cash flow
-$8,036K
Unit: Thousand (K) dollars
Positive Cash Flow Breakdown
    • Proceeds from issuance of common...
    • Proceeds from sales and advances...
    • Deferred revenue
    • Others
Negative Cash Flow Breakdown
    • Aircraft Expenses
    • Payments of borrowings on conver...
    • General and administrative
    • Others
Cash Flow
2026-06-30
2026-03-31
2025-12-31
2025-09-30
Revenue
29,509
25,613
26,448
80,109
Aircraft Expenses
23,341
19,535
20,481
56,331
Pilot Expenses
3,084
3,489
2,784
10,925
Other
3,022
2,922
2,415
9,440
Cost of revenue, exclusive of depreciation and amortization
29,447
25,946
25,680
76,696
Technology and development
1,781
2,445
2,287
8,012
Sales and marketing
3,136
1,966
2,963
5,214
General and administrative
11,488
6,059
19,112
34,173
Depreciation and amortization
2,455
2,552
2,282
7,012
Total operating expenses
48,307
38,968
52,324
131,107
Operating loss
-18,798
-13,355
-25,876
-50,998
Changes in fair value of financial instruments carried at fair value, net
-6,794
-3,613
1,198
-9,772
Interest expense
1,239
1,224
2,289
10,916
Gain (loss) on extinguishment of debt
-
-
-3,943
39
Other expense, net
-1,355
-2,109
-6,170
-2,209
Total other expense, net
-9,388
-6,946
-11,204
-22,858
Loss before income taxes
-28,186
-20,301
-37,080
-73,856
Income tax benefit
-53
-39
-201
-179
Net loss
-28,133
-20,262
-36,879
-27,213
Depreciation and amortization
2,455
2,552
2,282
2,423
Loss on sale of fixed assets
-1,089
0
-136
0
Non-cash operating lease expense
1,272
1,059
1,120
1,169
Gain on extinguishment of debt
0
-
-3,943
0
Stock-based compensation expense
2,743
1,388
2,104
2,268
Changes in fair value of financial instruments carried at fair value, net
-6,794
-3,613
1,198
-7,415
Non-cash credit support expense
-
-
265
-
Non-cash lease termination expense
-
-
5,376
-
Non-cash transaction costs for issuance of ht shares
0
1,608
-
-
Amortization of debt discounts and debt issuance costs
39
182
119
398
Deferred income taxes
-53
-39
-201
-62
Accounts receivable, net
1,072
-224
-1,106
-273
Prepaid expenses and other current assets
-60
-1,053
-1,595
-921
Other assets
717
-891
219
-24
Accounts payable
1,005
2,706
78
-336
Due to related parties
1,206
-130
-403
-
Accrued expenses and other current liabilities
1,730
-6,943
1,140
-3,234
Deferred revenue
11,573
666
1,955
-1,884
Operating lease liabilities
-1,146
-820
-691
-1,503
Other liabilities
0
0
0
0
Cash flows used in operating activities
-1,155
-12,252
-18,372
-19,341
Purchase of property and equipment
6,881
2,764
1,718
1,735
Proceeds from the sale of assets
1,175
-
0
0
Internal-use software development costs
2,023
775
692
542
Net cash used in investing activities
-7,729
-3,539
-2,410
-2,277
Proceeds from borrowings on convertible notes
-
-
65,000
-
Payments of borrowings on convertible notes
19,000
4,000
4,000
-
Borrowings on long-term debt
-
-
-
917
Proceeds from borrowings on long-term debt
7,000
-
3,056
-
Principal payments on long-term debt
667
639
51,034
603
Principal payments on mandatory convertible security
0
-
20,897
8,215
Proceeds from issuance of common stock in direct offerings, net of transaction expenses
14,303
-
20,001
0
Common shares repurchases for employee tax withholding
-
-
380
-
Proceeds from sales and advances under share purchase agreement
13,000
12,000
28,225
8,214
Proceeds from (payments on) collateralized borrowings, net of repayment
97
52
-729
-147
Proceeds from borrowings from related parties
2,000
-
0
-
Proceeds from exercise of stock options
-
-
0
255
Payments under ht side-letter agreement
2,363
-
-
-
Proceeds from exercise of warrants
-
-
0
830
Payments of debt issuance costs
1,253
-
0
-
Payment of finance lease obligations
68
66
64
65
Net cash provided by financing activities
13,049
7,347
36,428
1,186
Decrease (increase) in cash, cash equivalents and restricted cash
4,165
-8,444
15,646
-20,432
Cash, cash equivalents and restricted cash at beginning of period
14,319
22,763
7,117
21,675
Cash, cash equivalents and restricted cash at end of period
18,484
14,319
22,763
7,117
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

Time Plot

Show the time plot by selecting a row from the table.

Cash Flow

Proceeds from issuance ofcommon stock in direct...$14,303K (-54.43%↓ Y/Y)Proceeds from sales andadvances under share...$13,000K (21.00%↑ Y/Y)Proceeds from borrowingson long-term debt$7,000K Proceeds from borrowingsfrom related parties$2,000K Proceeds from (paymentson) collateralized...$97K (-71.47%↓ Y/Y)Net cash provided byfinancing activities$13,049K (-60.87%↓ Y/Y)Canceled cashflow$23,351K Decrease (increase) incash, cash...$4,165K (-29.09%↓ Y/Y)Canceled cashflow$8,884K Payments of borrowings onconvertible notes$19,000K Payments under htside-letter agreement$2,363K Payments of debt issuancecosts$1,253K Principal payments onlong-term debt$667K (-49.39%↓ Y/Y)Payment of finance leaseobligations$68K (-50.36%↓ Y/Y)Proceeds from the sale ofassets$1,175K (-56.17%↓ Y/Y)Deferred revenue$11,573K (2415.87%↑ Y/Y)Changes in fair value offinancial instruments...-$6,794K (-188.25%↓ Y/Y)Stock-based compensationexpense$2,743K (-51.78%↓ Y/Y)Depreciation andamortization$2,455K (-46.50%↓ Y/Y)Accrued expenses andother current...$1,730K (-68.29%↓ Y/Y)Non-cash operating leaseexpense$1,272K (-54.00%↓ Y/Y)Due to relatedparties$1,206K Loss on sale of fixedassets-$1,089K (-33.13%↓ Y/Y)Accounts payable$1,005K (-63.39%↓ Y/Y)Prepaid expenses andother current assets-$60K (-102.58%↓ Y/Y)Amortization of debtdiscounts and debt...$39K (-96.78%↓ Y/Y)Net cash used ininvesting activities-$7,729K (-654.79%↓ Y/Y)Cash flows used inoperating activities-$1,155K (95.63%↑ Y/Y)Canceled cashflow$1,175K Canceled cashflow$29,966K Income tax benefit-$53K (54.70%↑ Y/Y)Purchase of property andequipment$6,881K (177.12%↑ Y/Y)Internal-use softwaredevelopment costs$2,023K (65.55%↑ Y/Y)Net loss-$28,133K (39.45%↑ Y/Y)Canceled cashflow$53K Operating leaseliabilities-$1,146K (59.78%↑ Y/Y)Accounts receivable, net$1,072K (2.00%↑ Y/Y)Other assets$717K (324.76%↑ Y/Y)Deferred income taxes-$53K (54.70%↑ Y/Y)Loss before incometaxes-$28,186K (39.49%↑ Y/Y)Revenue$29,509K (-42.07%↓ Y/Y)Operating loss-$18,798K (45.51%↑ Y/Y)Total other expense,net-$9,388K Canceled cashflow$29,509K Total operatingexpenses$48,307K Changes in fair value offinancial instruments...-$6,794K (-188.25%↓ Y/Y)Other expense, net-$1,355K Interest expense$1,239K Cost of revenue,exclusive of depreciation...$29,447K General andadministrative$11,488K Sales and marketing$3,136K Depreciation andamortization$2,455K (-46.50%↓ Y/Y)Technology and development$1,781K Aircraft Expenses$23,341K Pilot Expenses$3,084K Other$3,022K

SURF AIR MOBILITY INC. (SRFM)

SURF AIR MOBILITY INC. (SRFM)