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Surf AIR Mobility Inc. (SRFM) stock

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NYSE: SRFM NYSE Passenger Airlines Next results ~November 5, 2026

D Fundamentals grade

Surf AIR Mobility Inc. is a US-listed company in the passenger airlines industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$0.1

Forward price-to-sales vs peers

Base case. Range ~$0.1–$0.8. Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative.

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Surf AIR Mobility Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 2 selling0 purchases and 4 sales by directors and officers, last 12 monthsInsider trades
  • Funds36 adding, 30 cuttingOf 13 active managers that changed their stake, 5 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Surf AIR Mobility files

Where Surf AIR Mobility stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $111m, up 3.1% on a year earlier, against a decline of 3.2% a quarter earlier. That puts it 11 of 12 for growth among the passenger airlines companies we cover. Free-cash-flow margin rose to -61.6% from -72.2% a year earlier. Operating margin narrowed to -67.3% from -32.6%. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 1 of our 5 financial-health checks. Our price-to-sales vs peers value is $0.30 a share, against a share price of $0.82.

Source: 10-Q filed August 10, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Surf AIR Mobility Inc.'s trailing-twelve-month revenue grew 3.1% year on year, with a free-cash-flow margin of -61.6%. Where it stands out: long-term debt as % of assets of 7.1% ranks 3 of 14 passenger airlines companies we cover. Where it lags: net margin of -101.6% ranks 16 of 16 passenger airlines companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 12.0% while net income fell 95.9%: a 108pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Growth speeding up. The growth rate is 6.4 points higher than a quarter earlier.

Things to watch

  • Results due soon. Results are expected around 11 November; the share price can move sharply on the day.
  • Loss-making. Operating margin is -67.3%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 34.7 points on a year ago.
  • Burning cash. Free cash flow was -61.6% of revenue over the last 12 months.
  • Volatile shares. Over the past year the shares showed annualised volatility of 107% and a beta of 3.4 against the S&P 500.
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 7.7% ranks 13 of 13 passenger airlines companies we cover (median 0.4%).

Latest results: FY2026 Q2

Filed August 10, 2026
Earnings per share
-$0.29 against an average estimate of -$0.17: missed by 74.7%
Revenue
$30m, up 7.6% on a year earlier
Share reaction
-7.3% in the first session after the results on August 10, 2026, against -0.3% for the S&P 500
Next report
November 5, 2026

Surf AIR Mobility's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-6.1%
  • 1 week-0.4%
  • 1 month-27.1%
  • This year-63.5%
  • 1 year-82.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$111M
Operating margin
-67.3%
Net margin
-101.6%
EPS (TTM, diluted)
$-4.68

Growth

Revenue growth
+3.1%
Change in growth rate
+6.4 pts

Cash

Free cash flow (TTM)
-$68.3M
FCF margin
-61.6%
Stock pay % of revenue
7.7%

Earnings

Last results
August 10, 2026
Next results (est.)
November 11, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Leadership
  3. Agreement
  4. Results
  5. Shareholder vote

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Surf AIR Mobility Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Valuation models

We value Surf AIR Mobility Inc. as an operating company, with every model that fits that kind of business. Cost of equity 12.7%: the 10-year Treasury yield (4.9%) plus a beta of 1.73 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: the projected cash flows don't support a positive value
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: book value or earnings not available
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$0.1 ~$0.2–$0.8 Included, half weight
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$0.1 ~$0.1–$0.8 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Surf AIR Mobility Inc. with Passenger Airlines in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 202320242025
Share price$10.85$5.39$1.94
Market value$61m$70m$68m
+ Net debt (− = net cash)$24m$41m$4m
Enterprise value$85m$111m$73m
Multiples
Price / sales 1.0x0.6x0.6x
Price / earnings ———
Price / free cash flow ———
EV / EBITDA ———

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, after the close. Analysts expect revenue of $36m for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$0.79 +75% $130m +22%
Next −$0.47 +41% $164m +26%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +20.4% on 90 days ago. In the last 30 days, 1 analyst raised Surf AIR Mobility Inc.'s forecast and 4 cut it.

Consensus EPS forecast Surf AIR Mobility Inc., last 90 days
−$0.80 −$0.60 −$0.40 −$0.20 $0.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$0.66 Current fiscal year, 60 days ago: −$0.66 Current fiscal year, 30 days ago: −$0.79 Current fiscal year, 7 days ago: −$0.79 Current fiscal year, Now: −$0.79 −$0.79 Next fiscal year, 90 days ago: −$0.44 Next fiscal year, 60 days ago: −$0.44 Next fiscal year, 30 days ago: −$0.47 Next fiscal year, 7 days ago: −$0.47 Next fiscal year, Now: −$0.47 −$0.47

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$0.66−$0.44
60 days ago −$0.66−$0.44
30 days ago −$0.79−$0.47
7 days ago −$0.79−$0.47
Now −$0.79−$0.47

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.17 −$0.29 −74.7%
Mar 2026 −$0.34 −$0.26 +23.5%
Dec 2025 −$0.35 −$0.41 −17.1%
Sept 2025 −$0.60 −$0.64 −5.8%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

4 analysts, Oct 2026
Buy375%
Hold125%
Sell00%

Monthly trend

  1. Oct 2026314
  2. Sep 2026314

Counts of recommendations published by analysts covering Surf AIR Mobility Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
12.6%
of tradable shares
Days to cover
1.72
at average volume
Short interest, 1 month
+4%
to October 15, 2026
Held by institutions
15%
of shares
Held by insiders
16.6%
of shares
Employees
506
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Return and risk by year

Calendar year 202420252026 to date
Return
SRFM−50%−64%−64%
Industry peers (median)+23%−11%−17%
S&P 500+25%+18%+11%
Months that ended higher
SRFM42%25%27%
S&P 50075%75%46%
Largest fall from a high during the year
SRFM−91%−80%−86%
S&P 500−8%−19%−9%

Worst fall since July 27, 2023: 98% from July 27, 2023 to September 15, 2026. Getting back needed a 4602% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$0.47 – $3.85
From 52-week high
−81.6%
vs 50-day average
−10.8%
vs 200-day average
−40.3%
Volatility (1 year)
107%
Beta vs S&P 500
3.39

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
1 up, 11 down
typical move ±10.7%
After a week
3 up, 9 down
typical move ±19.8%
After a month
2 up, 10 down
typical move ±35.8%
Results releasedNext dayS&P 500 next day5 days21 days
August 10, 2026 −7.3% −0.3% −20.0% −28.9%
May 11, 2026 −7.4% +0.1% −14.8% −19.3%
March 12, 2026 −26.3% −2.1% −30.3% −40.4%
November 12, 2025 −11.5% −1.6% −27.0% −30.9%
November 10, 2025 −8.4% +1.8% −24.4% −32.5%
August 12, 2025 +18.4% +1.4% +1.9% +0.5%
May 13, 2025 −3.3% +0.8% −5.1% −18.6%
March 18, 2025 −3.1% 0.0% −6.7% −41.1%
November 14, 2024 −10.4% −1.9% +37.2% +88.5%
August 14, 2024 −13.5% +2.0% −40.6% −39.4%
May 14, 2024 −11.9% +1.7% −20.9% −45.4%
March 28, 2024 −6.4% −0.2% +8.7% −43.8%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Surf AIR Mobility Inc. in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Surf AIR Mobility Inc.
$0 $50M $100M $150M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $39.6M Revenue (TTM), FY23 Q4: $60.5M Revenue (TTM), FY24 Q1: $85.6M Revenue (TTM), FY24 Q2: $111.8M Revenue (TTM), FY24 Q3: $118.2M Revenue (TTM), FY24 Q4: $119.4M Revenue (TTM), FY25 Q1: $112.3M Revenue (TTM), FY25 Q2: $107.4M Revenue (TTM), FY25 Q3: $108.2M Revenue (TTM), FY25 Q4: $106.6M Revenue (TTM), FY26 Q1: $108.7M Revenue (TTM), FY26 Q2: $110.7M $110.7M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $39.6M
FY23 Q4 $60.5M
FY24 Q1 $85.6M
FY24 Q2 $111.8M
FY24 Q3 $118.2M
FY24 Q4 $119.4M
FY25 Q1 $112.3M
FY25 Q2 $107.4M
FY25 Q3 $108.2M
FY25 Q4 $106.6M
FY26 Q1 $108.7M
FY26 Q2 $110.7M
Revenue growth, TTM YoY Surf AIR Mobility Inc.
-200% 0% 200% 400% FY24 Q1 FY24 Q3 FY25 Q1 FY25 Q3 FY26 Q2 Revenue growth, TTM YoY, FY24 Q1: 308.4% Revenue growth, TTM YoY, FY24 Q2: 392.9% Revenue growth, TTM YoY, FY24 Q3: 198.8% Revenue growth, TTM YoY, FY24 Q4: 97.4% Revenue growth, TTM YoY, FY25 Q1: 31.2% Revenue growth, TTM YoY, FY25 Q2: -4.0% Revenue growth, TTM YoY, FY25 Q3: -8.5% Revenue growth, TTM YoY, FY25 Q4: -10.8% Revenue growth, TTM YoY, FY26 Q1: -3.2% Revenue growth, TTM YoY, FY26 Q2: 3.1% 3.1%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q1 308.4%
FY24 Q2 392.9%
FY24 Q3 198.8%
FY24 Q4 97.4%
FY25 Q1 31.2%
FY25 Q2 -4.0%
FY25 Q3 -8.5%
FY25 Q4 -10.8%
FY26 Q1 -3.2%
FY26 Q2 3.1%
Operating margin (TTM) Surf AIR Mobility Inc.
-400% -300% -200% -100% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -262.2% Operating margin (TTM), FY23 Q4: -325.2% Operating margin (TTM), FY24 Q1: -256.0% Operating margin (TTM), FY24 Q2: -206.9% Operating margin (TTM), FY24 Q3: -149.7% Operating margin (TTM), FY24 Q4: -50.5% Operating margin (TTM), FY25 Q1: -39.5% Operating margin (TTM), FY25 Q2: -32.6% Operating margin (TTM), FY25 Q3: -39.7% Operating margin (TTM), FY25 Q4: -72.1% Operating margin (TTM), FY26 Q1: -65.9% Operating margin (TTM), FY26 Q2: -67.3% -67.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -262.2%
FY23 Q4 -325.2%
FY24 Q1 -256.0%
FY24 Q2 -206.9%
FY24 Q3 -149.7%
FY24 Q4 -50.5%
FY25 Q1 -39.5%
FY25 Q2 -32.6%
FY25 Q3 -39.7%
FY25 Q4 -72.1%
FY26 Q1 -65.9%
FY26 Q2 -67.3%
FCF margin (TTM) Surf AIR Mobility Inc.
-200% -150% -100% -50% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -158.3% FCF margin (TTM), FY23 Q4: -119.2% FCF margin (TTM), FY24 Q1: -89.4% FCF margin (TTM), FY24 Q2: -64.7% FCF margin (TTM), FY24 Q3: -42.7% FCF margin (TTM), FY24 Q4: -57.3% FCF margin (TTM), FY25 Q1: -64.6% FCF margin (TTM), FY25 Q2: -72.2% FCF margin (TTM), FY25 Q3: -78.6% FCF margin (TTM), FY25 Q4: -68.1% FCF margin (TTM), FY26 Q1: -65.0% FCF margin (TTM), FY26 Q2: -61.6% -61.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -158.3%
FY23 Q4 -119.2%
FY24 Q1 -89.4%
FY24 Q2 -64.7%
FY24 Q3 -42.7%
FY24 Q4 -57.3%
FY25 Q1 -64.6%
FY25 Q2 -72.2%
FY25 Q3 -78.6%
FY25 Q4 -68.1%
FY26 Q1 -65.0%
FY26 Q2 -61.6%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 20 61 119 107 111
EBITDA −50 −193 −52 −68 −65
Operating income −51 −197 −60 −77 −75
Net income −74 −251 −75 −111 −112
Diluted EPS −$5.51 −$44.46 −$5.80 −$3.15 —
Growth (year on year)
Revenue — +198.4% +97.4% −10.8% +3.1%
Margins
EBITDA margin −246.0% −319.0% −43.5% −63.4% −58.5%
Operating margin −251.1% −325.2% −50.5% −72.1% −67.3%
Net margin −366.8% −414.3% −62.7% −103.8% −101.6%
Free-cash-flow margin −138.8% −118.9% −55.3% −65.8% −58.0%
Cash flow
Cash from operations −28 −64 −54 −64 −51
Capital spending 0 8 12 6 13
Free cash flow −28 −72 −66 −70 −64
Stock-based pay 12 48 −6 10 9
Free cash flow after stock pay −41 −120 −60 −80 −73
Balance sheet
Cash 0 2 21 13 18
Total debt 29 26 62 17 23
Net debt (negative = net cash) 29 24 41 4 4
Diluted shares 13m 6m 13m 35m —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 5 checks passed · June 30, 2026
What it owns · $141m
Short-term assets $41mLonger-term assets $99m
What it owes, and who funded it · $183m
Short-term liabilities $158mLonger-term liabilities $25mShareholders' equity $-42m
  • Short-term assets cover short-term liabilities $41m of assets due within a year against $158m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $41m short-term assets against $25m of longer-dated liabilities.
  • More cash than debt $18m of cash against $23m of debt.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt −$51m of operating cash flow against $23m of debt.
  • Operating profit covers interest at least five times over Operating income of −$75m against $8m of interest.

From Surf AIR Mobility Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Days sales outstanding
16 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in passenger airlines
Last 12 months unless stated SRFM FLYX SOAR UP JTAI ALGT Median
Revenue, last 12 months $111m $404m $30m $720m $10m $2.9bn $5.0bn
Revenue growth, last 12 months 3.1% 16.1% −66.2% −6.0% −18.1% 12.2% 11.1%
Revenue growth, 3-year average 69.7% — — −22.0% −17.7% 4.9% 7.6%
Revenue growth, latest quarter 7.6% 21.7% −96.1% −4.0% 139.0% 36.9% 20.2%
Gross margin — 18.1% 25.8% 9.8% −4.7% — 10.8%
Operating margin −67.3% −8.8% −14.3% −27.0% −95.1% 4.9% 0.0%
Operating margin, 3-year average −102.3% −18.7% −17.6% −31.7% −94.1% −1.6% −1.6%
Net margin −101.6% −5.3% −11.8% −42.0% 49.5% 0.9% 0.1%
Cash from operations / revenue −46.2% 4.7% 0.3% −34.3% −85.3% 14.5% 7.0%
Free-cash-flow margin −61.6% −6.7% −1.5% −59.0% −85.3% 3.6% −0.1%
Free-cash-flow margin, 3-year average −66.2% −14.7% −38.9% −42.7% −65.7% −0.8% −3.2%
Stock pay / revenue 7.7% 1.4% 0.1% 6.7% 4.2% 0.7% 0.4%
Change in share count — — — 24.7% — 7.5% −1.3%

Median of all 16 companies we cover in passenger airlines. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

16 passenger airlines companies
Measure Company Peer median Rank
Revenue growth Growth 3.1% 12.2% 12 of 16
Change in growth rate Growth +6.4pp +4.8pp 5 of 16
Operating margin Profitability -67.3% 1.6% 15 of 16
Net margin Profitability -101.6% 0.9% 16 of 16
Free-cash-flow margin Cash generation -61.6% 0.0% 15 of 16
Stock pay as % of revenue Cash generation 7.7% 0.4% 13 of 13
Long-term debt as % of assets Balance sheet 7.1% 26.9% 3 of 14
Days sales outstanding Balance sheet 16 days 14 days 4 of 5

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Scheduled $77M 72.3% ▼ 15.1%
On Demand $29.6M 27.7% ▲ 3.1%

From Surf AIR Mobility Inc.'s 10-K filed March 12, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$22.3M
Institutions reporting
61
Shares held vs prior quarter
▲ 53.5%
Positions opened / closed
17 / 16

Top buyers and sellers, Q2 2026: 36 institutions bought and 30 sold ; the biggest buyer was Citadel Advisors LLC (+7.4M shares) and the biggest seller Hudson Bay Capital Management LP (−3.5M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Citadel Advisors LLC $8.6M 7.4M 38.4% New
Vanguard Capital Management LLC $5.2M 4.4M 23.1% ▲ 78.3%
Geode Capital Management, LLC $1.1M 982K 5.1% ▲ 74.6%
Blackrock, Inc. $864,751 745K 3.9% ▲ 24.9%
UBS Group AG $745,142 642K 3.3% ▼ 37.2%
Vanguard Fiduciary Trust Co $607,547 524K 2.7% ▲ 73.5%
State Street Corp $595,893 514K 2.7% ▲ 87.3%
Citigroup Inc $533,099 460K 2.4% New
HRT Financial LP $454,000 392K 2.0% New
Balefire, LLC $376,224 324K 1.7% ▼ 0.8%
Rathbones Group PLC $370,998 320K 1.7% ▼ 50.4%
LPL Financial LLC $353,671 305K 1.6% ▼ 6.3%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Surf AIR Mobility Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $211,892 4 trades by 2 insiders · 0% under pre-set plans
Net ▼ $211,892 net selling
Insider Date Trade Shares Price Value
Reeves Oliver Chief Financial Officer May 8, 2026 Sell 76,569 $1.31 $100,305
White Deanna Leigh Chief Executive Officer May 8, 2026 Sell 56,884 $1.31 $74,518
Reeves Oliver Chief Financial Officer April 16, 2026 Sell 14,437 $1.31 $18,912
White Deanna Leigh Chief Executive Officer April 16, 2026 Sell 13,860 $1.31 $18,157

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 11, 2026 estimated from the company's past filing pattern, not announced

  • August 10, 2026
  • May 11, 2026
  • March 12, 2026
  • November 12, 2025
  • November 10, 2025
  • August 12, 2025

Recent SEC filings

Data status

When each part of this page on Surf AIR Mobility Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Surf AIR Mobility Inc. in brief

What does Surf AIR Mobility Inc. do?
Surf AIR Mobility Inc. is a US-listed company in the passenger airlines industry. Its financial year ends in December.
What is Surf AIR Mobility Inc.'s stock ticker?
Surf AIR Mobility Inc. trades under the ticker SRFM on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Surf AIR Mobility Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Surf AIR Mobility Inc. reported revenue of $111M, 3.1% higher than a year earlier, according to its SEC filings.
What is Surf AIR Mobility Inc.'s free cash flow?
Surf AIR Mobility Inc.'s free-cash-flow margin is -61.6% of revenue over the trailing twelve months, ranking 15 of the 16 passenger airlines companies we cover.
Who are Surf AIR Mobility Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Citadel Advisors LLC, Vanguard Capital Management LLC and Geode Capital Management, LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Surf AIR Mobility Inc.'s market cap?
On December 31, 2025, Surf AIR Mobility Inc.'s market capitalisation was about $68.1M and net debt of $4.4M. Market figures come from third-party market data and may be delayed.
Who are Surf AIR Mobility Inc.'s competitors?
In our Passenger Airlines peer group, the companies closest to Surf AIR Mobility Inc. are Flyexclusive Inc., Soar AI, Inc., Wheels Up Experience Inc., Jet.ai Inc. and Allegiant Travel Co. The side-by-side comparison below sets their revenue, margins and growth against Surf AIR Mobility Inc.'s.
Are insiders buying or selling Surf AIR Mobility Inc. stock?
Over the last 12 months, Surf AIR Mobility Inc.'s directors and officers reported 0 open-market purchases and 4 sales on Form 4. The insider trading page charts every trade.
When is Surf AIR Mobility Inc.'s next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Surf AIR Mobility Inc. announces its own schedule.