Blade Air Mobility Inc Financials

BLDE

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Blade Air Mobility Inc (BLDE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 52/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Blade Air Mobility Inc has an operating margin of -13.6%, meaning the company retains $-14 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -30.3% the prior year.

Growth

Blade Air Mobility Inc's revenue grew 10.4% year-over-year to $248.7M, a solid pace of expansion. This earns a growth score of 58/100.

Leverage

100

Blade Air Mobility Inc carries a low D/E ratio of 0.16, meaning only $0.16 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 7.07, Blade Air Mobility Inc holds $7.07 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

While Blade Air Mobility Inc generated -$2.5M in operating cash flow, capex of $30.9M consumed most of it, leaving -$33.4M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Neutral

5/9

Blade Air Mobility Inc passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

0.09x

For every $1 of reported earnings, Blade Air Mobility Inc generates $0.09 in operating cash flow (-$2.5M OCF vs -$27.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-4.7x

Blade Air Mobility Inc earns $-4.7 in operating income for every $1 of interest expense (-$33.9M vs $7.2M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Revenue

$248.7M

YoY+10.4%

5Y CAGR+51.5%

Blade Air Mobility Inc generated $248.7M in revenue in fiscal year 2024. This represents an increase of 10.4% from the prior year.

EBITDA

-$28.0M

YoY+54.2%

Blade Air Mobility Inc's EBITDA was -$28.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 54.2% from the prior year.

Free Cash Flow

-$33.4M

YoY+3.1%

Blade Air Mobility Inc generated -$33.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 3.1% from the prior year.

Net Income

-$27.3M

YoY+51.3%

Blade Air Mobility Inc reported -$27.3M in net income in fiscal year 2024. This represents an increase of 51.3% from the prior year.

EPS (Diluted)

$-0.35

YoY+53.9%

Blade Air Mobility Inc earned $-0.35 per diluted share (EPS) in fiscal year 2024. This represents an increase of 53.9% from the prior year.

Cash & Debt

$16.1M

YoY-42.3%

5Y CAGR-6.2%

Blade Air Mobility Inc held $16.1M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

23.7%

YoY+5.0pp

5Y CAGR+8.6pp

Blade Air Mobility Inc's gross margin was 23.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 5.0 percentage points from the prior year.

Operating Margin

-13.6%

YoY+16.6pp

5Y CAGR+23.4pp

Blade Air Mobility Inc's operating margin was -13.6% in fiscal year 2024, reflecting core business profitability. This is up 16.6 percentage points from the prior year.

Net Margin

-11.0%

YoY+13.9pp

5Y CAGR-18.4pp

Blade Air Mobility Inc's net profit margin was -11.0% in fiscal year 2024, showing the share of revenue converted to profit. This is up 13.9 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

$244K

Blade Air Mobility Inc spent $244K on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$30.9M

YoY+1364.0%

5Y CAGR+119.6%

Blade Air Mobility Inc invested $30.9M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 1364.0% from the prior year.

BLDE Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$248.7M+10.4%	$225.2M+54.1%	$146.1M+189.2%	$50.5M+115.6%	$23.4M-24.9%	$31.2M
Cost of Revenue	$189.8M+3.7%	$183.1M+47.8%	$123.8M+209.6%	$40.0M+89.5%	$21.1M-20.3%	$26.5M
Gross Profit	$58.9M+39.9%	$42.1M+89.1%	$22.3M+111.8%	$10.5M+352.0%	$2.3M-50.5%	$4.7M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$81.7M-14.1%	$95.2M+52.3%	$62.5M+107.4%	$30.1M+224.4%	$9.3M-11.3%	$10.5M
Operating Income	-$33.9M+50.2%	-$68.1M-27.3%	-$53.5M-122.2%	-$24.1M-3451.0%	-$678K+94.1%	-$11.5M
Interest Expense	$7.2M-14.5%	$8.4M+145.8%	$3.4M+646.5%	$460K+131.2%	$199K-71.7%	$703K
Income Tax	-$255K+82.6%	-$1.5M-89.9%	-$772K+78.8%	-$3.6M-1830.9%	$210K+0.9%	$209K
Net Income	-$27.3M+51.3%	-$56.1M-105.7%	-$27.3M+31.9%	-$40.1M-95.2%	-$20.5M-980.2%	$2.3M
EPS (Diluted)	$-0.35+53.9%	$-0.76-100.0%	$-0.38+59.1%	$-0.93-132.5%	$-0.40+7.0%	$-0.43

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$49.3M-30.4%	$70.8M+30.4%	$54.3M-41.7%	$93.2M+37.1%	$67.9M+31.9%	$51.5M+8.5%	$47.5M-33.5%	$71.4M
Cost of Revenue	$37.7M-29.0%	$53.1M+25.4%	$42.3M-38.0%	$68.3M+32.3%	$51.6M+24.7%	$41.4M+7.6%	$38.5M-31.1%	$55.9M
Gross Profit	$11.6M-34.5%	$17.7M+48.1%	$12.0M-51.9%	$24.9M+52.4%	$16.4M+61.3%	$10.1M+12.5%	$9.0M-42.2%	$15.6M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$16.3M-19.1%	$20.1M+16.3%	$17.3M-32.1%	$25.5M+1.4%	$25.1M+46.1%	$17.2M-58.3%	$41.2M+114.1%	$19.3M
Operating Income	-$5.6M-13.5%	-$5.0M+34.7%	-$7.6M-57.4%	-$4.8M+60.4%	-$12.1M-23.1%	-$9.9M+72.3%	-$35.6M-378.4%	-$7.4M
Interest Expense	N/A	$1.2M-12.6%	$1.3M-16.9%	$1.6M-11.1%	$1.8M-13.7%	$2.1M-8.5%	$2.3M+5.4%	$2.1M
Income Tax	$0-100.0%	$21K+223.5%	-$17K+92.4%	-$223K-528.8%	$52K+161.9%	-$84K+91.8%	-$1.0M-893.0%	$129K
Net Income	$57.4M+1634.0%	-$3.7M-7.2%	-$3.5M+64.3%	-$9.8M+13.5%	-$11.3M-167.5%	-$4.2M+87.5%	-$33.9M-11844.3%	$289K
EPS (Diluted)	$0.70+1500.0%	$-0.05-25.0%	$-0.04+63.6%	$-0.11+26.7%	$-0.15-150.0%	$-0.06+86.7%	$-0.45	$0.00

BLDE Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$256.7M-13.0%	$294.9M-9.3%	$325.0M-5.3%	$343.4M+1838.4%	$17.7M-93.6%	$277.0M
Current Assets	$160.7M-22.1%	$206.3M-5.4%	$218.1M-30.6%	$314.4M+2086.8%	$14.4M	N/A
Cash & Equivalents	$16.1M-42.3%	$27.9M-32.6%	$41.3M+494.6%	$7.0M-42.8%	$12.2M-45.2%	$22.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$19.8M-5.6%	$21.0M+93.1%	$10.9M+188.9%	$3.8M+244.8%	$1.1M	N/A
Goodwill	$15.5M-61.5%	$40.4M+2.4%	$39.4M+197.2%	$13.3M	$0	N/A
Total Liabilities	$34.7M-42.7%	$60.6M+20.0%	$50.5M-3.1%	$52.2M+686.2%	$6.6M-97.4%	$256.3M
Current Liabilities	$22.7M-36.0%	$35.5M+33.4%	$26.6M+179.2%	$9.5M+50.2%	$6.3M+1696.1%	$353K
Long-Term Debt	N/A	N/A	$0	N/A	N/A	N/A
Total Equity	$221.9M-5.3%	$234.3M-14.6%	$274.5M-5.7%	$291.2M+2528.4%	$11.1M-46.6%	$20.7M
Retained Earnings	-$186.9M-17.0%	-$159.8M-54.1%	-$103.7M-34.3%	-$77.2M-107.8%	-$37.1M-17998.7%	-$205K

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$335.1M+29.9%	$257.9M+2.9%	$250.6M-2.4%	$256.7M-8.4%	$280.3M-0.9%	$282.8M-4.1%	$294.9M-7.1%	$317.5M
Current Assets	$122.5M-21.7%	$156.5M+2.7%	$152.3M-5.2%	$160.7M-12.1%	$182.9M-5.7%	$194.0M-5.9%	$206.3M-1.2%	$208.7M
Cash & Equivalents	$22.8M-61.3%	$58.8M+68.7%	$34.8M+116.7%	$16.1M-38.9%	$26.3M-28.4%	$36.8M+31.9%	$27.9M-24.3%	$36.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$37.5M+33.2%	$28.2M+27.3%	$22.1M+11.6%	$19.8M-28.5%	$27.7M+17.7%	$23.6M+12.1%	$21.0M-0.2%	$21.0M
Goodwill	$84.6M+91.2%	$44.3M+5.3%	$42.0M+170.5%	$15.5M-60.7%	$39.6M-0.5%	$39.8M-1.5%	$40.4M+2.9%	$39.2M
Total Liabilities	$52.1M+49.6%	$34.8M+13.0%	$30.8M-11.3%	$34.7M-31.8%	$50.9M+10.3%	$46.2M-23.8%	$60.6M+11.0%	$54.6M
Current Liabilities	$27.9M+5.9%	$26.3M+20.3%	$21.9M-3.7%	$22.7M-25.0%	$30.3M+30.3%	$23.2M-34.5%	$35.5M+16.9%	$30.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$283.0M+26.8%	$223.1M+1.5%	$219.7M-1.0%	$221.9M-3.2%	$229.4M-3.1%	$236.6M+1.0%	$234.3M-10.9%	$262.9M
Retained Earnings	-$136.7M+29.6%	-$194.1M-2.0%	-$190.4M-1.9%	-$186.9M-6.7%	-$175.2M-6.8%	-$164.0M-2.7%	-$159.8M-27.0%	-$125.8M

BLDE Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$2.5M+92.2%	-$32.3M+12.9%	-$37.1M-137.8%	-$15.6M-1865.5%	-$794K+92.3%	-$10.3M
Capital Expenditures	$30.9M+1364.0%	$2.1M+188.9%	$730K+145.8%	$297K-21.2%	$377K-37.6%	$604K
Free Cash Flow	-$33.4M+3.1%	-$34.5M+9.0%	-$37.9M-137.9%	-$15.9M-1258.3%	-$1.2M+89.3%	-$10.9M
Investing Cash Flow	-$1.0M-105.9%	$17.1M-78.5%	$79.3M+124.7%	-$321.3M-96042.7%	$335K+131.8%	-$1.1M
Financing Cash Flow	-$5.8M-7477.6%	-$76K+93.0%	-$1.1M-100.3%	$332.3M+28057.5%	$1.2M+917.2%	$116K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$244K	$0	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	-$37.3M-1117.3%	-$3.1M-1145.5%	-$246K+86.0%	-$1.8M-120.8%	$8.4M+154.2%	-$15.6M-66.9%	-$9.3M-560.7%	$2.0M
Capital Expenditures	$2.8M+23.1%	$2.3M-12.2%	$2.6M-42.9%	$4.6M-71.6%	$16.2M+1880.8%	$816K+3300.0%	$24K-96.5%	$695K
Free Cash Flow	-$40.1M-648.2%	-$5.4M-87.2%	-$2.9M+54.8%	-$6.3M+18.0%	-$7.7M+52.7%	-$16.4M-75.2%	-$9.3M-803.6%	$1.3M
Investing Cash Flow	$2.4M-91.6%	$28.7M+40.5%	$20.4M+413.3%	$4.0M+123.5%	-$16.9M-168.8%	$24.6M+32649.3%	$75K+102.5%	-$3.0M
Financing Cash Flow	-$1.8M-57.2%	-$1.1M+73.2%	-$4.2M-9.6%	-$3.9M-220.7%	-$1.2M-2337.0%	$54K+334.8%	-$23K-283.3%	-$6K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0	N/A	N/A	$0	N/A	N/A	$0	$0

BLDE Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	23.7%+5.0pp	18.7%+3.5pp	15.2%-5.6pp	20.8%+10.9pp	9.9%-5.1pp	15.1%
Operating Margin	-13.6%+16.6pp	-30.3%+6.4pp	-36.6%+11.0pp	-47.7%-44.8pp	-2.9%+34.1pp	-37.0%
Net Margin	-11.0%+13.9pp	-24.9%-6.2pp	-18.7%+60.6pp	-79.3%+8.3pp	-87.6%-95.0pp	7.5%
Return on Equity	N/A	N/A	N/A	N/A	N/A	11.2%
Return on Assets	-10.6%+8.4pp	-19.0%-10.6pp	-8.4%+3.3pp	-11.7%+104.2pp	-115.9%-116.7pp	0.8%
Current Ratio	7.07+1.3	5.81-2.4	8.20-24.8	32.99+30.7	2.27	N/A
Debt-to-Equity	0.16-0.1	0.26+0.3	0.00-0.2	0.18-0.4	0.60-11.8	12.36
FCF Margin	-13.4%+1.9pp	-15.3%+10.6pp	-25.9%+5.6pp	-31.5%-26.5pp	-5.0%+30.0pp	-35.0%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	23.6%-1.5pp	25.1%+3.0pp	22.1%-4.7pp	26.7%+2.7pp	24.1%+4.4pp	19.7%+0.7pp	19.0%-2.8pp	21.8%
Operating Margin	-11.4%-4.4pp	-7.0%+7.0pp	-14.0%-8.8pp	-5.2%+12.7pp	-17.9%+1.3pp	-19.2%+55.9pp	-75.0%-64.6pp	-10.4%
Net Margin	116.5%+121.8pp	-5.3%+1.1pp	-6.4%+4.1pp	-10.5%+6.2pp	-16.7%-8.4pp	-8.2%+63.3pp	-71.5%-71.9pp	0.4%
Return on Equity	20.3%	N/A	N/A	N/A	N/A	N/A	N/A	0.1%
Return on Assets	17.1%+18.6pp	-1.5%-0.1pp	-1.4%+2.4pp	-3.8%+0.2pp	-4.0%-2.5pp	-1.5%+10.0pp	-11.5%-11.6pp	0.1%
Current Ratio	4.39-1.6	5.95-1.0	6.96-0.1	7.07+1.0	6.04-2.3	8.35+2.5	5.81-1.1	6.87
Debt-to-Equity	0.18+0.0	0.16+0.0	0.14-0.0	0.16-0.1	0.22+0.0	0.20-0.1	0.26+0.1	0.21
FCF Margin	-81.4%-73.8pp	-7.6%-2.3pp	-5.3%+1.5pp	-6.8%+4.6pp	-11.4%+20.4pp	-31.8%-12.1pp	-19.7%-21.5pp	1.9%

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Frequently Asked Questions

What is Blade Air Mobility Inc's annual revenue?

Blade Air Mobility Inc (BLDE) reported $248.7M in total revenue for fiscal year 2024. This represents a 10.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Blade Air Mobility Inc's revenue growing?

Blade Air Mobility Inc (BLDE) revenue grew by 10.4% year-over-year, from $225.2M to $248.7M in fiscal year 2024.

Is Blade Air Mobility Inc profitable?

No, Blade Air Mobility Inc (BLDE) reported a net income of -$27.3M in fiscal year 2024, with a net profit margin of -11.0%.

What is Blade Air Mobility Inc's earnings per share (EPS)?

Blade Air Mobility Inc (BLDE) reported diluted earnings per share of $-0.35 for fiscal year 2024. This represents a 53.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Blade Air Mobility Inc's EBITDA?

Blade Air Mobility Inc (BLDE) had EBITDA of -$28.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Blade Air Mobility Inc's gross margin?

Blade Air Mobility Inc (BLDE) had a gross margin of 23.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Blade Air Mobility Inc's operating margin?

Blade Air Mobility Inc (BLDE) had an operating margin of -13.6% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Blade Air Mobility Inc's net profit margin?

Blade Air Mobility Inc (BLDE) had a net profit margin of -11.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Blade Air Mobility Inc's free cash flow?

Blade Air Mobility Inc (BLDE) generated -$33.4M in free cash flow during fiscal year 2024. This represents a 3.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Blade Air Mobility Inc's operating cash flow?

Blade Air Mobility Inc (BLDE) generated -$2.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Blade Air Mobility Inc's total assets?

Blade Air Mobility Inc (BLDE) had $256.7M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Blade Air Mobility Inc's capital expenditures?

Blade Air Mobility Inc (BLDE) invested $30.9M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does Blade Air Mobility Inc buy back shares?

Yes, Blade Air Mobility Inc (BLDE) spent $244K on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

What is Blade Air Mobility Inc's current ratio?

Blade Air Mobility Inc (BLDE) had a current ratio of 7.07 as of fiscal year 2024, which is generally considered healthy.

What is Blade Air Mobility Inc's debt-to-equity ratio?

Blade Air Mobility Inc (BLDE) had a debt-to-equity ratio of 0.16 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Blade Air Mobility Inc's return on assets (ROA)?

Blade Air Mobility Inc (BLDE) had a return on assets of -10.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Blade Air Mobility Inc's cash runway?

Based on fiscal year 2024 data, Blade Air Mobility Inc (BLDE) had $16.1M in cash against an annual operating cash burn of $2.5M. This gives an estimated cash runway of approximately 77 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Blade Air Mobility Inc's Piotroski F-Score?

Blade Air Mobility Inc (BLDE) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Blade Air Mobility Inc's earnings high quality?

Blade Air Mobility Inc (BLDE) has an earnings quality ratio of 0.09x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Blade Air Mobility Inc cover its interest payments?

Blade Air Mobility Inc (BLDE) has an interest coverage ratio of -4.7x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Blade Air Mobility Inc?

Blade Air Mobility Inc (BLDE) scores 52 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.