Surf Air Mobility Inc.
Surf Air Mobility Inc. engages in the air mobility business in the United States and internationally. Its air mobility platform provides scheduled commercial air service flights; and on-demand flights created for customers on an ad-hoc, by request basis. Surf Air Mobility Inc. was founded in 2011 and is headquartered in Hawthorne, California.
Surf Air Mobility Inc. (SRFM) - Net Assets
Latest net assets as of September 2025: $-92.56 Million USD
Based on the latest financial reports, Surf Air Mobility Inc. (SRFM) has net assets worth $-92.56 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($106.79 Million) and total liabilities ($199.34 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-92.56 Million |
| % of Total Assets | -86.68% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Surf Air Mobility Inc. - Net Assets Trend (2020–2024)
This chart illustrates how Surf Air Mobility Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Surf Air Mobility Inc. (2020–2024)
The table below shows the annual net assets of Surf Air Mobility Inc. from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $-120.00 Million | -54.86% |
| 2023-12-31 | $-77.48 Million | +65.11% |
| 2022-12-31 | $-222.09 Million | -28.36% |
| 2021-12-31 | $-173.03 Million | -22.24% |
| 2020-12-31 | $-141.54 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Surf Air Mobility Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 43575000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.00K | % |
| Other Components | $557.44 Million | % |
| Total Equity | $-120.00 Million | 100.00% |
Surf Air Mobility Inc. Competitors by Market Cap
The table below lists competitors of Surf Air Mobility Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SHENZ.INV.HLDGS BA.AR.DE.
F:HHI0
|
$58.63 Million |
|
LK CHEM
KQ:489500
|
$58.65 Million |
|
LiveOne Inc
NASDAQ:LVO
|
$58.66 Million |
|
GCT Semiconductor Holding Inc
NYSE:GCTS
|
$58.68 Million |
|
Pulmonx Corp
NASDAQ:LUNG
|
$58.59 Million |
|
Aurum PropTech Limited
NSE:AURUM
|
$58.55 Million |
|
SDI Group plc
PINK:SDIIF
|
$58.54 Million |
|
Americas Car-Mart Inc
NASDAQ:CRMT
|
$58.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Surf Air Mobility Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -77,485,000 to -119,997,000, a change of -42,512,000.
- Net loss of 74,908,000 reduced equity.
- Other factors increased equity by 32,396,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-74.91 Million | -62.42% |
| Other Changes | $32.40 Million | +27.0% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Surf Air Mobility Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $-14.18 | $1.40 | x |
| 2021-12-31 | $-17.33 | $1.40 | x |
| 2022-12-31 | $-22.25 | $1.40 | x |
| 2023-12-31 | $-7.12 | $1.40 | x |
| 2024-12-31 | $-9.29 | $1.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Surf Air Mobility Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -62.72%
- • Asset Turnover: 0.96x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (0.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.00% | -312.49% | 0.64x | 0.00x | $-9.28 Million |
| 2021 | 0.00% | -303.31% | 1.56x | 0.00x | $-18.48 Million |
| 2022 | 0.00% | -366.79% | 1.48x | 0.00x | $-52.15 Million |
| 2023 | 0.00% | -414.34% | 0.55x | 0.00x | $-242.95 Million |
| 2024 | 0.00% | -62.72% | 0.96x | 0.00x | $-62.91 Million |
Industry Comparison
This section compares Surf Air Mobility Inc.'s net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $84,221,809,251
- Average return on equity (ROE) among peers: 148.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Surf Air Mobility Inc. (SRFM) | $-92.56 Million | 0.00% | N/A | $58.60 Million |
| American Airlines Group (AAL) | $-581.00 Million | 0.00% | 0.00x | $6.80 Billion |
| Air Canada (ACDVF) | $2.59 Billion | 24.86% | 11.05x | $2.83 Billion |
| Grupo Aeroméxico, S.A.B. de C.V. (AERO) | $-730.83 Million | 0.00% | 0.00x | $260.71 Million |
| Air France-KLM SA (AFRAF) | $-5.42 Billion | 0.00% | 0.00x | $1.02 Billion |
| Aegean Airlines S.A (AGZNF) | $277.88 Million | 24.44% | 1.61x | $461.90 Million |
| AirAsia Group Berhad (AIABF) | $935.30 Million | 1390.41% | 6.89x | $418.10 Million |
| Air China Limited (AICAF) | $49.50 Billion | 15.10% | 2.50x | $2.97 Billion |
| Allegiant Travel Company (ALGT) | $401.72 Million | 19.56% | 0.99x | $1.21 Billion |
| Alaska Air Group Inc (ALK) | $340.50 Million | 5.05% | 2.00x | $4.35 Billion |
| ANA Holdings Inc (ALNPF) | $794.90 Billion | 9.83% | 1.80x | $7.63 Billion |