BLADE AIR MOBILITY INC C/WTS 07/05/2026 (TO PUR COM) | 8-K: FY2025 Q2 Revenue: USD 70.8 M

Revenue: As of FY2025 Q2, the actual value is USD 70.8 M.

EPS: As of FY2025 Q2, the actual value is USD -0.05.

Segment Revenue

• Medical Revenue: Increased 17.6% year-over-year to $45.1 million in Q2 2025, driven by new customers and increased revenue per block hour, despite a moderation in block hours per air trip.
• Passenger Revenue: Decreased 13.2% to $25.7 million in Q2 2025, with Short Distance revenue down 17.8% to $17.2 million and Jet and Other revenue down 2.3% to $8.5 million.

Operational Metrics

• Net Loss: Improved by $7.6 million to - $3.7 million in Q2 2025, primarily due to a $7.2 million improvement in loss from operations and higher non-operating income.
• Gross Profit: Increased 13.7% to $12.9 million, with a gross margin of 18.2% in Q2 2025.
• Adjusted EBITDA: Increased by $2.2 million to $3.2 million in Q2 2025, driven by improvements in both Passenger and Medical segments.

Cash Flow

• Operating Cash Flow: Was - $3.1 million in Q2 2025, primarily due to an increase in working capital as revenue grew 30.4% compared to Q1 2025.
• Free Cash Flow, Before Aircraft Acquisitions: Was - $5.7 million in Q2 2025.

Unique Metrics

• Flight Profit: Increased 8.5% to $17.7 million in Q2 2025, with a Flight Margin of 25.1%.

Outlook / Guidance

• The divestiture of Blade’s Passenger division is expected to be neutral to Adjusted EBITDA and Free Cash Flow on a go-forward annualized basis. The company reaffirms its 2025 revenue and Adjusted EBITDA guidance on a full-company basis, excluding the impact of the divestiture, with expected revenue of $245-265 million and double-digit Adjusted EBITDA.