Filing Flows › Surf Air Mobility (SRFM) › Q2 2025
Surf Air Mobility (SRFM) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 12, 2025
Surf Air Mobility (SRFM) reported revenue of $27.4M for the second quarter 2025 (Q2 2025), -15% from a year earlier and +17% from the quarter before. Operating margin was -58.1%, net loss $28.0M (102.1% of revenue).
Surf Air Mobility, Q2 2025: revenue $27.4M (-15% year over year), operating margin -58.1%, net loss $28.0M, operating cash flow −$10.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $27.4M | +17% | -15% |
| Operating profit | −$15.9M | — | — |
| Net earnings | −$28.0M | — | — |
| Operating cash flow | −$10.6M | — | — |
What changed
Revenue was $27.4M in Q2 2025, down 15% year over year and up 17% from the previous quarter. Scheduled was the largest line at 78% of revenue. Scheduled lost $2.8M year over year (down 12%), 57% of the total change.
Operating costs exceeded revenue by $15.9M, an operating margin of -58.1%. Total costs fell 25% while revenue fell 15%. The quarter ended with a net loss of $28.0M, wider than the previous quarter's $18.5M loss.
Operating cash flow was −$10.6M. Non-cash charges added back $2.4M of depreciation and amortization and $3.8M of share-based compensation. Working capital and other items added $11.1M. Capital expenditures of $1.2M exceeded it, leaving free cash flow of −$11.9M.
Questions
What was Surf Air Mobility's revenue in the second quarter 2025?
Surf Air Mobility (SRFM) reported revenue of $27.4M for the second quarter 2025 (Q2 2025), -15% from a year earlier and +17% from the quarter before.
Was Surf Air Mobility profitable in the second quarter 2025?
Operating loss was $15.9M (-58.1% of revenue) and net loss $28.0M.
Source: Surf Air Mobility 10-Q on SEC EDGAR.