Blade Air Mobility Inc Financials
Blade Air Mobility Inc (BLDE) reported $228.6M in revenue over the twelve months to Mar 31, 2026. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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).
BLDE’s FY2025 profit flip reflects accounting income outrunning operating cash, not a business that is already funding itself.
In FY2025, net income flipped positive to$41.3M even though operating income remained negative. Operating cash flow was still-$48.9M , so the reported profit was not being produced by the core business; compared with FY2024, revenue recovered but cash conversion deteriorated.
The operating model still has a structural overhead gap: FY2025 gross profit was
The balance sheet is liquid and lightly leveraged, with a current ratio of 6.4x. Liabilities were just
Financial Health Signals
Blade Air Mobility Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Blade Air Mobility Inc scores 4.98, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($374.2M) relative to total liabilities ($46.4M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Blade Air Mobility Inc passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Blade Air Mobility Inc used $1.18 of operating cash (-$48.9M OCF vs $41.3M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Key Financial Metrics
Earnings & Revenue
Blade Air Mobility Inc generated $197.1M in revenue in fiscal year 2025. This represents an increase of 34.3% from the prior year.
Blade Air Mobility Inc's EBITDA was -$14.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 14.5% from the prior year.
Blade Air Mobility Inc reported $41.3M in net income in fiscal year 2025. This represents an increase of 251.4% from the prior year.
Blade Air Mobility Inc earned $0.50 per diluted share (EPS) in fiscal year 2025. This represents an increase of 242.9% from the prior year.
Cash & Balance Sheet
Blade Air Mobility Inc recorded an outflow of $58.5M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 75.3% from the prior year.
Blade Air Mobility Inc held $31.0M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
Blade Air Mobility Inc's gross margin was 20.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.7 percentage points from the prior year.
Blade Air Mobility Inc's operating margin was -11.3% in fiscal year 2025, reflecting core business profitability. This is up 4.0 percentage points from the prior year.
Blade Air Mobility Inc's net profit margin was 21.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 39.6 percentage points from the prior year.
Blade Air Mobility Inc's ROE was 14.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 27.1 percentage points from the prior year.
Capital Allocation
Blade Air Mobility Inc repurchased no shares in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Blade Air Mobility Inc invested $9.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 68.9% from the prior year.
Not reported for fiscal year 2025.
BLDE Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $67.4M+64.0% | $41.1M-16.6% | $49.3M-30.4% | $70.8M+97.0% | $35.9M | N/A | $36.1M-46.9% | $67.9M |
| Cost of Revenue | $53.3M+46.5% | $36.4M-3.5% | $37.7M-29.0% | $53.1M+83.6% | $28.9M | N/A | $28.6M-44.7% | $51.6M |
| Gross Profit | $14.1M+199.0% | $4.7M-59.3% | $11.6M-34.5% | $17.7M+151.5% | $7.1M | N/A | $7.5M-54.1% | $16.4M |
| SG&A Expenses | $15.6M+28.9% | $12.1M-25.8% | $16.3M-19.1% | $20.1M+63.4% | $12.3M | N/A | $13.9M-44.8% | $25.1M |
| Operating Income | -$3.0M+51.2% | -$6.1M-8.4% | -$5.6M-13.5% | -$5.0M+12.9% | -$5.7M | N/A | -$7.1M+41.6% | -$12.1M |
| Interest Expense | N/A | N/A | N/A | $1.2M-12.6% | $1.3M | N/A | $1.8M-1.3% | $1.8M |
| Income Tax | $0+100.0% | -$21K | $0-100.0% | $21K | $0 | N/A | $0-100.0% | $52K |
| Net Income | $2.2M+124.4% | -$8.8M-115.4% | $57.4M+1634.0% | -$3.7M-7.2% | -$3.5M | N/A | -$2.0M+82.7% | -$11.3M |
| EPS (Diluted) | $0.03 | N/A | $0.70+1500.0% | -$0.05-25.0% | -$0.04 | N/A | -$0.03+80.0% | -$0.15 |
Not reported in any period shown, so not listed: R&D Expenses.
BLDE Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $327.6M+0.7% | $325.5M-2.9% | $335.1M+29.9% | $257.9M+2.9% | $250.6M-2.4% | $256.7M-9.3% | $282.9M+0.9% | $280.3M |
| Current Assets | $124.1M-1.6% | $126.2M+3.0% | $122.5M-21.7% | $156.5M+2.7% | $152.3M-5.2% | $160.7M-6.4% | $171.8M-6.1% | $182.9M |
| Cash & Equivalents | $58.7M+89.6% | $31.0M+36.1% | $22.8M-61.3% | $58.8M+68.7% | $34.8M+89.5% | $18.4M-8.2% | $20.0M-23.9% | $26.3M |
| Accounts Receivable | $39.6M-0.9% | $40.0M+6.4% | $37.5M+33.2% | $28.2M+27.3% | $22.1M+11.6% | $19.8M-19.0% | $24.5M-11.7% | $27.7M |
| Goodwill | $88.6M+0.4% | $88.2M+4.3% | $84.6M+91.2% | $44.3M+5.3% | $42.0M+170.5% | $15.5M-63.8% | $43.0M+8.5% | $39.6M |
| Total Liabilities | $41.9M-9.7% | $46.4M-10.9% | $52.1M+49.6% | $34.8M+13.0% | $30.8M-11.3% | $34.7M-29.7% | $49.4M-2.9% | $50.9M |
| Current Liabilities | $20.9M+5.8% | $19.8M-29.0% | $27.9M+5.9% | $26.3M+20.3% | $21.9M-3.7% | $22.7M-16.4% | $27.2M-10.3% | $30.3M |
| Total Equity | $285.7M+2.4% | $279.1M-1.4% | $283.0M+26.8% | $223.1M+1.5% | $219.7M-1.0% | $221.9M-5.0% | $233.5M+1.8% | $229.4M |
| Retained Earnings | -$143.4M+1.5% | -$145.6M-6.5% | -$136.7M+29.6% | -$194.1M-2.0% | -$190.4M-1.9% | -$186.9M-5.5% | -$177.1M-1.1% | -$175.2M |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
BLDE Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $3.9M+146.8% | -$8.3M+77.7% | -$37.3M-1117.3% | -$3.1M-1145.5% | -$246K+86.0% | -$1.8M-127.6% | $6.4M-24.6% | $8.4M |
| Capital Expenditures | $5.2M+180.2% | $1.8M-34.7% | $2.8M+22.8% | $2.3M-11.9% | $2.6M-42.9% | $4.6M-50.8% | $9.3M-42.4% | $16.2M |
| Free Cash Flow | -$1.3M+87.3% | -$10.2M+74.7% | -$40.1M-647.5% | -$5.4M-87.7% | -$2.9M+54.8% | -$6.3M-114.4% | -$3.0M+61.8% | -$7.7M |
| Investing Cash Flow | $24.7M+35.4% | $18.3M+661.7% | $2.4M-91.6% | $28.7M+40.5% | $20.4M+413.3% | $4.0M+131.4% | -$12.6M+25.2% | -$16.9M |
| Financing Cash Flow | -$859K+50.7% | -$1.7M+2.5% | -$1.8M-57.2% | -$1.1M+73.2% | -$4.2M-9.6% | -$3.9M-430.0% | -$731K+39.5% | -$1.2M |
| Share Buybacks | N/A | $0 | $0 | N/A | N/A | $0 | $0 | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
BLDE Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 20.9%+9.5pp | 11.5%-12.1pp | 23.6%-1.5pp | 25.1%+5.4pp | 19.6% | N/A | 20.8%-3.3pp | 24.1% |
| Operating Margin | -4.4%+10.4pp | -14.8%-3.4pp | -11.4%-4.4pp | -7.0%+8.8pp | -15.8% | N/A | -19.7%-1.8pp | -17.9% |
| Net Margin | 3.2%+24.7pp | -21.5% | 116.5% | -5.3%+4.4pp | -9.7% | N/A | -5.4%+11.2pp | -16.7% |
| Return on Equity | 0.8%+3.9pp | -3.2%-23.5pp | 20.3%+22.0pp | -1.7%-0.1pp | -1.6% | N/A | -0.8%+4.1pp | -4.9% |
| Return on Assets | 0.7%+3.4pp | -2.7%-19.9pp | 17.1%+18.6pp | -1.5%-0.1pp | -1.4% | N/A | -0.7%+3.4pp | -4.0% |
| Current Ratio | 5.93-0.4x | 6.38+2.0x | 4.39-1.6x | 5.95-1.0x | 6.96-0.1x | 7.07+0.8x | 6.32+0.3x | 6.04 |
| Debt-to-Equity | 0.150.0x | 0.170.0x | 0.180.0x | 0.160.0x | 0.140.0x | 0.16-0.1x | 0.210.0x | 0.22 |
| FCF Margin | -1.9%+22.8pp | -24.7%+56.7pp | -81.4%-73.8pp | -7.6%+0.4pp | -8.0% | N/A | -8.2%+3.2pp | -11.4% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
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Where Blade Air Mobility Inc Ranks
Frequently Asked Questions
What is Blade Air Mobility Inc's annual revenue?
Blade Air Mobility Inc (BLDE) reported $197.1M in total revenue for fiscal year 2025. This represents a 34.3% 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 34.3% year-over-year, from $146.8M to $197.1M in fiscal year 2025.
Is Blade Air Mobility Inc profitable?
Yes, Blade Air Mobility Inc (BLDE) reported a net income of $41.3M in fiscal year 2025, with a net profit margin of 21.0%.
What is Blade Air Mobility Inc's EBITDA?
Blade Air Mobility Inc (BLDE) had EBITDA of -$14.2M in fiscal year 2025, 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 20.9% in fiscal year 2025, 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 -11.3% in fiscal year 2025, 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 21.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Blade Air Mobility Inc's return on equity (ROE)?
Blade Air Mobility Inc (BLDE) has a return on equity of 14.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Blade Air Mobility Inc's free cash flow?
Blade Air Mobility Inc (BLDE) recorded an outflow of $58.5M in free cash flow during fiscal year 2025. This represents a -75.3% 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) recorded an outflow of $48.9M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Blade Air Mobility Inc's total assets?
Blade Air Mobility Inc (BLDE) had $325.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Blade Air Mobility Inc's capital expenditures?
Blade Air Mobility Inc (BLDE) invested $9.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Blade Air Mobility Inc's current ratio?
Blade Air Mobility Inc (BLDE) had a current ratio of 6.38 as of fiscal year 2025, 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 0.17 as of fiscal year 2025, 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 12.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Blade Air Mobility Inc's Altman Z-Score?
Blade Air Mobility Inc (BLDE) has an Altman Z-Score of 4.98, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Blade Air Mobility Inc's Piotroski F-Score?
Blade Air Mobility Inc (BLDE) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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?
For every $1 of reported earnings, Blade Air Mobility Inc (BLDE) used $1.18 of operating cash (-$48.9M OCF vs $41.3M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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.