Strata Critical Medical, Inc. (formerly Blade Air Mobility, Inc.) reported a significant increase in revenue for the fiscal year ending December 31, 2025, achieving $197.1 million, a 34.3% rise from $146.8 million in 2024. This growth was primarily driven by a 20.4% increase in logistics revenue, which reached $176.8 million, attributed to higher flight hours and new client contracts. The company also generated $20.3 million in clinical revenue following its acquisition of Keystone Perfusion Services in September 2025, marking a new revenue stream for the organization.
The company’s net loss from continuing operations was $20.1 million, slightly improved from a loss of $16.2 million in the previous year. However, the overall net income for the year was $41.3 million, bolstered by a gain of $61.4 million from discontinued operations related to the sale of its Passenger business. This divestiture, completed in August 2025, allowed Strata to focus on its core medical logistics and clinical services, which are expected to enhance operational efficiency and profitability in the long term.
Strata's operational metrics indicate a workforce of 601 employees as of December 31, 2025, with a significant portion dedicated to its clinical segment. The company has also expanded its fleet, acquiring ten fixed-wing aircraft to support its logistics operations, which are operated by third-party service providers. The integration of Keystone has further diversified Strata's service offerings, allowing it to provide comprehensive solutions in organ recovery and preservation.
Looking ahead, Strata anticipates continued growth in its medical logistics and clinical services, driven by increasing demand for organ transplants and advancements in preservation technology. The company has entered into a revolving credit facility to enhance its liquidity and financial flexibility, providing up to $30 million to support its operational needs and potential future acquisitions. However, Strata acknowledges the inherent risks associated with its business, including reliance on donor organ availability and the competitive landscape of the healthcare logistics market.
About Blade Air Mobility, Inc.
Blade Air Mobility, Inc. provides air transportation and logistics services, specializing in passenger flights and medical organ transport primarily in the U.S. Northeast and Southern Europe. Its asset-light model leverages third-party aircraft operators, supported by proprietary technology for real-time flight and logistics management. Blade offers helicopter, seaplane, and fixed-wing services, focusing on cost-effective, reliable urban air mobility and organ transport solutions for hospitals, transplant centers, and individual customers.
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