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Jet.AI vs Surf Air Mobility: revenue, profit, margins and growth compared

Jet.AI brought in $9.2M of revenue in fiscal 2025, Surf Air Mobility $106.6M in fiscal 2025. Revenue changed by -34.6% at Jet.AI and -10.8% at Surf Air Mobility on the year before, so Surf Air Mobility grew faster. Jet.AI kept 50.0% of its revenue as net profit, Surf Air Mobility -103.8%.

Side by side, latest fiscal year

JTAISRFM
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$9.2M$106.6M
Revenue growth-34.6%-10.8%
Net income$4.6M-$110.6M
Net margin50.0%-103.8%
Free cash flown/a-$70.1M
Free cash flow marginn/a-65.8%
Earnings per share (diluted)$0.33-$3.15
Cash$1.8M$12.7M
Debtn/a$17.1M
Price to earnings4.7n/a
Market value$5.5M$137.2M
Dividend yieldn/an/a
Rank by revenue in sector#880 of 955 · Consumer discretionary#712 of 955 · Consumer discretionary

Over the years

Revenue
JTAI FY2022: $21.9MJTAI FY2023: $12.2MJTAI FY2024: $14MJTAI FY2025: $9.2MSRFM FY2023: $20.3MSRFM FY2023: $60.5MSRFM FY2024: $119.4MSRFM FY2025: $106.6MFY22FY23FY24FY25
JTAI $9.2MSRFM $106.6M
Net income
JTAI FY2022: -$7.7MJTAI FY2023: -$12.6MJTAI FY2024: -$12.7MJTAI FY2025: $4.6MSRFM FY2023: -$74.4MSRFM FY2023: -$250.7MSRFM FY2024: -$74.9MSRFM FY2025: -$110.6MFY22FY23FY24FY25
JTAI $4.6MSRFM -$110.6M
Net margin
JTAI FY2022: -35.4%JTAI FY2023: -103.3%JTAI FY2024: -90.8%JTAI FY2025: 50.0%SRFM FY2023: -366.8%SRFM FY2023: -414.3%SRFM FY2024: -62.7%SRFM FY2025: -103.8%FY22FY23FY24FY25
JTAI 50.0%SRFM -103.8%
Revenue growth
JTAI FY2023: -44.1%JTAI FY2024: +14.8%JTAI FY2025: -34.6%SRFM FY2023: +198.4%SRFM FY2024: +97.4%SRFM FY2025: -10.8%FY23FY24FY25
JTAI -34.6%SRFM -10.8%
Free cash flow
JTAI FY2023: -$3.8MJTAI FY2024: -$8.2MSRFM FY2023: -$28.1MSRFM FY2023: -$72MSRFM FY2024: -$66.1MSRFM FY2025: -$70.1MFY23FY24FY25
JTAI -$8.2MSRFM -$70.1M

Fiscal years as each company reports them; the two may end in different months.

Questions about Jet.AI and Surf Air Mobility

Which is bigger by revenue, Jet.AI or Surf Air Mobility?

Surf Air Mobility is bigger by revenue: $106.6M in fiscal 2025, against $9.2M for Jet.AI in fiscal 2025.

Which keeps more of its revenue as profit, Jet.AI or Surf Air Mobility?

Jet.AI had a net margin of 50.0% in fiscal 2025; Surf Air Mobility had -103.8% in fiscal 2025.

Which grew revenue faster, Jet.AI or Surf Air Mobility?

In their latest fiscal years revenue changed by -34.6% at Jet.AI and -10.8% at Surf Air Mobility.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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