Blade Air Mobility (BLDE) AI Stock Analysis

• Market Cap: $348.37M
• Dividend Yield: N/A
• Average Volume (3M): 721.01K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.86
• Revenue Growth: 8.67%
• EPS Growth: 49.62%
• Country: US
• Employees: 310
• Sector: Industrials
• Sector Strength: 93
• Industry: Airlines, Airports & Air Services
• EPS (TTM): -0.04
• Shares Outstanding: 81,017,310
• 10 Day Avg. Volume: 854,691
• 30 Day Avg. Volume: 721,015
• PEG Ratio: -2.18
• Price to Book (P/B): 1.51
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -15.12
• Enterprise Value/Market Cap: 0.89
• Enterprise Value/Revenue: 0.32
• Enterprise Value/Gross Profit: 5.08
• Enterprise Value/Ebitda: -1.84
• 1Y Price Target: $10.00
• Price Target Upside: 132.56% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 56 Neutral
• Price Target: $4.50 ▲(4.65%Upside)

Blade Air Mobility's overall stock score is largely supported by positive earnings call highlights, including growth in key segments and a strong cash position. However, its financial performance and valuation are constrained by ongoing profitability challenges and a negative P/E ratio. The technical indicators show bullish momentum, though caution is advised due to nearing overbought conditions.

Positive Factors

Financial Performance

Blade reported a solid Q4’24 top line beat via its Passenger segment while tight OpEx control drove a narrower than expected EBITDA loss in the seasonally weak quarter.

Market Position

Blade is taking market share from legacy sub-scale service providers, while longer flights and an expanded pool of donor organs via technological innovation drive volume growth.

Profitability

Swift internal improvements led to its first ever year of EBITDA profitability, and drivers behind this will continue and be supplemented by high margin, newly owned aircraft.

Negative Factors

Operational Challenges

Q4’24 revenue grew a healthy 15% YoY despite a (7%) headwind from its exit of Canadian operations, and both the Medical and Passenger segments saw YoY segment-level EBITDA improve by $2.5M+.

Blade Air Mobility Business Overview & Revenue Model

Company Description

Blade Air Mobility, Inc. (BLDE) is a technology-driven urban air mobility company that provides short-distance aviation services. It focuses on offering cost-effective, time-saving alternatives to ground transportation in congested urban areas. Blade's core services include air transportation using helicopters and seaplanes for routes such as airport transfers, commuter flights, and leisure travel. The company operates across several key markets and is committed to transitioning its fleet to electric vertical takeoff and landing (eVTOL) aircraft as technology and regulatory environment permit.

How the Company Makes Money

Blade Air Mobility primarily generates revenue through ticket sales for its air transportation services. The company operates on a per-seat booking model, allowing customers to purchase individual seats on scheduled flights or charter entire aircraft for private use. Blade also earns income from its partnerships with operators and manufacturers of aircraft, enhancing its service offerings and expanding its geographic reach. Additionally, Blade capitalizes on its technology platform that optimizes route scheduling and customer booking experiences, which can result in operational efficiencies and customer loyalty. Collaborations with real estate developers and hospitality providers also contribute to its revenue by integrating Blade's services into luxury travel and urban development projects.

Blade Air Mobility Financial Statement Overview

Summary

Blade Air Mobility shows revenue growth but struggles with profitability. The balance sheet is strong with high equity levels, yet cash flow management needs improvement for sustainable growth.

Income Statement

Blade Air Mobility's revenue has shown growth over the years, with a notable increase in gross profit margin from earlier years. However, the company has faced persistent challenges in profitability, indicated by negative EBIT and net profit margins. The TTM data shows slight improvements in gross profit margins, but the net income remains negative, reflecting ongoing operational challenges.

Balance Sheet

The company maintains a healthy equity position with a high equity ratio, indicating strong financial structure. However, the debt-to-equity ratio is manageable, suggesting moderate leverage. The return on equity remains negative, reflecting profitability challenges, but the balance sheet is stable with adequate liquidity.

Cash Flow

Blade Air Mobility's cash flows have improved in the TTM with positive operating cash flow. However, the free cash flow remains negative due to high capital expenditures. The operating cash flow to net income ratio is favorable, but the company needs to manage its cash flow more effectively to achieve positive free cash flow.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Sep 2020	Sep 2019
Income Statement
Total Revenue	248.69M	225.18M	146.12M	23.43M	31.20M
Gross Profit	58.92M	42.12M	22.27M	2.33M	4.70M
EBITDA	-27.96M	-68.12M	-69.87M	-9.63M	-11.07M
Net Income	-27.31M	-56.08M	-27.26M	-10.16M	-10.84M
Balance Sheet
Total Assets	256.68M	294.94M	325.02M	17.71M	276.26M
Cash, Cash Equivalents and Short-Term Investments	127.14M	166.14M	194.04M	12.16M	276.26M
Total Debt	9.32M	24.52M	18.33M	1.89M	0.00
Total Liabilities	34.74M	60.64M	50.54M	6.63M	0.00
Stockholders Equity	221.94M	234.30M	274.49M	11.08M	0.00
Cash Flow
Free Cash Flow	-35.51M	-34.46M	-37.86M	-11.20M	-11.16M
Operating Cash Flow	-2.52M	-32.35M	-37.13M	-10.82M	-10.30M
Investing Cash Flow	-1.02M	17.09M	79.34M	-377.00K	-1.05M
Financing Cash Flow	-5.76M	-76.00K	-1.08M	1.18M	116.00K

Blade Air Mobility Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BLDE, the sentiment is Positive. The current price of 4.3 is above the 20-day moving average (MA) of 4.25, above the 50-day MA of 3.92, and above the 200-day MA of 3.62, indicating a bullish trend. The MACD of 0.15 indicates Positive momentum. The RSI at 54.86 is Neutral, neither overbought nor oversold. The STOCH value of 49.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BLDE.

Blade Air Mobility Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	67 Neutral	£2.83B	10.49	4.69%	212.35%	2.73%	-20.56%
BLDE	56 Neutral	$348.37M	―	-11.64%	―	8.67%	49.62%
SRFM	54 Neutral	$189.12M	―	138.02%	―	31.17%	83.01%
UP	51 Neutral	$1.03B	―	-2416.94%	―	-29.68%	95.14%
MESA	49 Neutral	$48.98M	―	-472.57%	―	-11.55%	-76.38%
FLYX	47 Neutral	$190.71M	28.86	26.01%	―	―	―
SOAR	41 Neutral	$3.74M	―	-398.23%	―	-4.90%	81.88%

Blade Air Mobility Corporate Events

Blade Air Mobility Holds Annual Stockholder Meeting

On May 6, 2025, Blade Air Mobility held its annual meeting of stockholders where several key proposals were voted on. The stockholders elected three Class I directors to the Board of Directors, ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025, and approved advisory votes on executive compensation and its frequency. These decisions are likely to influence the company’s governance and financial oversight, potentially impacting its strategic direction and stakeholder confidence.