Financials

Estimates*

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Revenues, earnings & profits over time
USD2020202120222023202420252026
Revenues7.5m11.8m101m60.5m123m189m253m
% growth-57 %753 %(40 %)103 %53 %34 %
EBITDA(18.5m)(33.2m)(94.7m)(137m)(60.5m)(61.2m)(37.7m)
% EBITDA margin(247 %)(281 %)(94 %)(226 %)(49 %)(32 %)(15 %)
Profit(23.4m)(35.8m)(117m)(251m)(112m)(86.7m)(59.6m)
% profit margin(312 %)(303 %)(116 %)(414 %)(91 %)(46 %)(24 %)
EV / revenue---1.9x0.1x0.1x0.1x
EV / EBITDA----0.8x-0.3x-0.3x-0.4x
R&D budget2.2m3.0m5.9m20.9m---
R&D % of revenue29 %25 %6 %34 %---
  • Edit
DateInvestorsAmountRound
-

N/A

-

$3.8m

Series A

$7.0m

Series B
N/A

N/A

Early VC

N/A

Series B

$8.0m

Series C

$65.0m

Debt

N/A

Convertible
N/A

N/A

Seed
N/A

$14.0m

Series B
N/A

$14.0m

Series B
N/A

$6.0m

Early VC
N/A

$9.1m

Early VC

$200m

Growth Equity VC
*

$150m

Valuation: $1.4b

120.3x EV/LTM Revenues

-42.8x EV/LTM EBITDA

SPAC IPO
*

N/A

Valuation: $1.4b

120.3x EV/LTM Revenues

-42.8x EV/LTM EBITDA

SPAC Private Placement
*

$450m

Debt
*

$7.5m

Post IPO Equity
*

$35.2m

Post IPO Convertible
Total Funding$262m

Recent News about Surf Air Mobility

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More about Surf Air Mobilityinfo icon
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Surf Air operates in the personalized air travel market, providing a unique service that allows customers to book unlimited flights on private jets through a membership model. The company offers both scheduled shared private flights and on-demand charters, connecting over 10 million routes across the U.S. This service is designed to offer flexibility and convenience, reducing the stress and time associated with traditional air travel. Surf Air serves a diverse clientele, including business travelers and high-net-worth individuals who value time efficiency and personalized service. The business model is based on a subscription membership that provides unlimited flight bookings, as well as a pay-per-use model for on-demand charters. Revenue is generated through membership fees and individual flight bookings. The company also collaborates with FAA certified part 135 operators to optimize aircraft utilization and reduce operating costs, including a 25% cost reduction with hybrid electric aircraft. Surf Air's market includes the West Coast, Texas, and the South, with access to over 5,000 network airports, many of which are more convenient than commercial airports. The company boasts a 96% customer satisfaction rate, emphasizing a hospitality-driven flying experience.

Keywords: private jets, air travel marketplace, membership model, on-demand charters, hybrid electric aircraft, FAA certified, part 135 operators, customer satisfaction, network airports, personalized service.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Surf Air Mobility

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RISE
ACQUISITION by Surf Air Mobility Jun 2017
blackbird air
ACQUISITION by Surf Air Mobility Feb 2020
RISE Air
ACQUISITION by Surf Air Mobility Feb 2023
Southern Airways Express
ACQUISITION by Surf Air Mobility May 2022