SRFM Chart
About

Surf Air Mobility Inc. engages in the air mobility business in the United States and internationally. Its air mobility platform provides scheduled commercial air service flights; and on-demand flights created for customers on an ad-hoc, by request basis. Surf Air Mobility Inc. was founded in 2011 and is headquartered in Hawthorne, California.

Fundamentals
Scroll to Statements
Sector Industrials Industry Airlines Market Cap 104.87M
Enterprise Value 198.01M Income -110.56M Sales 106.56M
Book/sh -0.75 Cash/sh 0.17 Dividend Yield
Payout 0.00% Employees IPO
P/E Forward P/E -0.24 PEG
P/S 0.98 P/B -1.91 P/C
EV/EBITDA -2.93 EV/Sales 1.86 Quick Ratio 0.12
Current Ratio 0.23 Debt/Eq LT Debt/Eq
EPS (ttm) -3.15 EPS next Y -5.95 EPS Growth
Revenue Growth -5.70% Earnings 2026-05-12 ROA -37.57%
ROE ROIC Gross Margin 3.92%
Oper. Margin -97.84% Profit Margin -103.75% Shs Outstand 73.08M
Shs Float 62.72M Short Float 14.54% Short Ratio 4.07
Short Interest 52W High 9.91 52W Low 1.36
Beta 3.04 Avg Volume 3.64M Volume 1.64M
Target Price $7.12 Recom Buy Prev Close $1.43
Price $1.44 Change 0.35%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$7.13
Mean price target
2. Current target
$1.45
Latest analyst target
3. DCF / Fair value
$-10.52
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$1.45
Low
$2.25
High
$12.00
Mean
$7.13

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-16 main Canaccord Genuity Hold → Hold $2
2025-11-14 main Canaccord Genuity Hold → Hold $4
2025-08-18 main Canaccord Genuity Hold → Hold $4
2025-06-27 main Canaccord Genuity Hold → Hold $3
2025-06-10 main Piper Sandler Overweight → Overweight $4
2025-04-02 main Canaccord Genuity Hold → Hold $3
2025-03-20 main Canaccord Genuity Hold → Hold $4
2025-03-07 init HC Wainwright & Co. — → Buy $12
2024-12-13 main Canaccord Genuity Hold → Hold $4
2024-11-18 main Canaccord Genuity Hold → Hold $2
2024-08-27 main Canaccord Genuity Hold → Hold $2
2024-05-28 down Bernstein Outperform → Market Perform $0
2024-05-15 down Canaccord Genuity Buy → Hold $1
2024-04-01 main Canaccord Genuity Buy → Buy $3
2023-09-08 init Piper Sandler — → Overweight $4
2023-08-28 init Canaccord Genuity — → Buy $3
2023-08-22 init Bernstein — → Outperform $4
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 303250 Stock Award(Grant) at price 0.00 per share. WHITE DEANNA LEIGH Chief Executive Officer 2025-12-30 00:00:00 D
1 63352 Stock Award(Grant) at price 0.00 per share. PELSINGER SHAWN KIRBY Director 2025-10-08 00:00:00 D
2 6022 Stock Gift at price 0.00 per share. D'AGOSTINO JOHN J Director 2025-08-26 00:00:00 D
3 96581 Stock Award(Grant) at price 0.00 per share. ALBERT CARL A Director 2025-06-26 00:00:00 D
4 96581 Stock Award(Grant) at price 0.00 per share. PAINTER TYLER W Director 2025-06-26 00:00:00 D
5 96581 Stock Award(Grant) at price 0.00 per share. D'AGOSTINO JOHN J Director 2025-06-26 00:00:00 D
6 96581 Stock Award(Grant) at price 0.00 per share. BLAND TYRONE D. Director 2025-06-26 00:00:00 D
7 96581 Stock Award(Grant) at price 0.00 per share. HACK BRUCE L. Director 2025-06-26 00:00:00 D
8 96581 Stock Award(Grant) at price 0.00 per share. MADY EDWARD A Director 2025-06-26 00:00:00 D
9 40583 130225.0 Sale at price 2.54 - 4.00 per share. PAINTER TYLER W Director 2025-06-25 00:00:00 I
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-42.74K-24.18K-1.44M0.00
TaxRateForCalcs0.000.000.010.00
NormalizedEBITDA-75.96M-51.90M-136.67M-50.98M
TotalUnusualItems-12.48M-6.33M-110.60M-21.76M
TotalUnusualItemsExcludingGoodwill-12.48M-6.33M-110.60M-21.76M
NetIncomeFromContinuingOperationNetMinorityInterest-110.56M-74.91M-250.70M-74.36M
ReconciledDepreciation9.29M8.34M3.76M1.03M
ReconciledCostOfRevenue111.67M118.28M65.68M25.85M
EBITDA-88.44M-58.24M-247.27M-72.74M
EBIT-97.73M-66.58M-251.03M-73.77M
NetInterestIncome-13.21M-8.62M-2.97M-596.00K
InterestExpense13.21M8.62M2.97M596.00K
NormalizedIncome-98.12M-68.60M-141.53M-52.60M
NetIncomeFromContinuingAndDiscontinuedOperation-110.56M-74.91M-250.70M-74.36M
TotalExpenses183.43M179.68M197.23M71.18M
RentExpenseSupplemental0.000.00
TotalOperatingIncomeAsReported-76.87M-60.26M-196.77M-50.90M
DilutedAverageShares12.91M5.64M7.02M7.02M
BasicAverageShares12.91M5.64M7.02M7.02M
DilutedEPS-5.80-44.45-10.60-5.10
BasicEPS-5.80-44.45-10.60-5.10
DilutedNIAvailtoComStockholders-110.56M-74.91M-250.70M-74.36M
NetIncomeCommonStockholders-110.56M-74.91M-250.70M-74.36M
NetIncome-110.56M-74.91M-250.70M-74.36M
MinorityInterests677.00K
NetIncomeIncludingNoncontrollingInterests-110.56M-74.91M-250.70M-74.36M
NetIncomeContinuousOperations-110.56M-74.91M-250.70M-74.36M
TaxProvision-380.00K-287.00K-3.30M0.00
PretaxIncome-110.94M-75.19M-254.00M-74.36M
OtherIncomeExpense-20.86M-6.32M-114.31M-22.86M
OtherNonOperatingIncomeExpenses-8.38M12.00K-3.71M-1.10M
SpecialIncomeCharges-3.90M5.40M-60.37M5.95M
OtherSpecialCharges3.90M-5.40M326.00K-5.95M
ImpairmentOfCapitalAssets0.0060.05M0.00
GainOnSaleOfSecurity-8.57M-11.73M-50.23M-27.71M
NetNonOperatingInterestIncomeExpense-13.21M-8.62M-2.97M-596.00K
InterestExpenseNonOperating13.21M8.62M2.97M596.00K
OperatingIncome-76.87M-60.26M-136.72M-50.90M
OperatingExpense71.76M61.41M131.55M45.33M
ResearchAndDevelopment10.30M24.04M20.85M3.29M
SellingGeneralAndAdministration61.46M37.37M110.70M42.04M
SellingAndMarketingExpense8.18M7.51M10.03M5.21M
GeneralAndAdministrativeExpense53.28M29.85M100.67M36.82M
OtherGandA53.28M29.85M100.67M36.82M
GrossProfit-5.11M1.15M-5.17M-5.58M
CostOfRevenue111.67M118.28M65.68M25.85M
TotalRevenue106.56M119.42M60.51M20.27M
OperatingRevenue106.56M119.42M60.51M20.27M
Line Item2025-12-312024-12-312023-12-312022-12-31
OrdinarySharesNumber73.08M16.93M10.88M10.88M
ShareIssued73.08M16.93M10.88M10.88M
NetDebt74.15M54.51M34.77M29.09M
TotalDebt100.12M92.49M47.45M30.25M
TangibleBookValue-76.57M-145.04M-105.98M-228.48M
InvestedCapital31.96M-44.38M-41.00M-196.41M
WorkingCapital-102.69M-55.73M-122.38M-49.48M
NetTangibleAssets-76.57M-145.04M-105.98M-225.07M
CapitalLeaseObligations13.30M16.87M10.96M1.15M
CommonStockEquity-54.86M-120.00M-77.48M-225.50M
PreferredStockEquity3.41M3.29M
TotalCapitalization-15.29M-52.77M-56.87M-208.94M
TotalEquityGrossMinorityInterest-54.86M-120.00M-77.48M-222.09M
StockholdersEquity-54.86M-120.00M-77.48M-222.09M
GainsLossesNotAffectingRetainedEarnings0.000.00
RetainedEarnings-788.00M-677.44M-602.53M-351.84M
AdditionalPaidInCapital733.13M557.44M525.05M126.33M
CapitalStock7.00K2.00K1.00K3.42M
CommonStock7.00K2.00K1.00K1.00K
PreferredStock0.000.000.003.41M
TotalLiabilitiesNetMinorityInterest186.54M244.06M188.47M235.79M
TotalNonCurrentLiabilitiesNetMinorityInterest52.93M154.44M48.36M178.39M
OtherNonCurrentLiabilities3.87M24.27M19.43M9.76M
PreferredSecuritiesOutsideStockEquity0.00130.67M118.69M
DerivativeProductLiabilities0.0024.57M0.00
DuetoRelatedPartiesNonCurrent100.00K50.46M1.67M0.00
TradeandOtherPayablesNonCurrent0.000.000.000.00
LongTermDebtAndCapitalLeaseObligation48.96M79.72M27.26M13.39M
LongTermCapitalLeaseObligation9.38M12.49M6.64M246.00K
LongTermDebt39.57M67.23M20.62M13.15M
CurrentLiabilities133.61M89.61M140.11M57.40M
OtherCurrentLiabilities5.00K13.00K25.00K149.00K
CurrentDeferredLiabilities17.92M17.39M19.01M7.82M
CurrentDeferredRevenue17.92M17.39M19.01M7.82M
CurrentDebtAndCapitalLeaseObligation51.16M12.77M20.19M16.85M
CurrentCapitalLeaseObligation3.91M4.38M4.32M903.00K
CurrentDebt47.25M8.38M15.87M15.95M
OtherCurrentBorrowings47.25M8.38M15.87M15.95M
CurrentNotesPayable0.0011.79M
PensionandOtherPostRetirementBenefitPlansCurrent8.77M5.94M26.75M1.49M
CurrentProvisions282.00K872.00K
PayablesAndAccruedExpenses55.75M53.49M74.14M31.09M
CurrentAccruedExpenses17.07M16.03M18.73M6.81M
InterestPayable140.00K114.00K190.00K64.00K
Payables38.68M37.46M55.41M24.28M
OtherPayable9.55M9.95M3.45M
DuetoRelatedPartiesCurrent643.00K1.80M25.43M4.95M
TotalTaxPayable10.05M7.73M7.67M6.45M
AccountsPayable18.44M17.98M18.85M12.89M
TotalAssets131.68M124.06M110.99M13.70M
TotalNonCurrentAssets100.76M90.18M93.25M5.78M
OtherNonCurrentAssets17.46M2.23M2.98M1.03M
NonCurrentPrepaidAssets704.00K566.00K590.00K0.00
GoodwillAndOtherIntangibleAssets21.71M25.04M28.49M2.98M
OtherIntangibleAssets21.71M25.04M28.49M2.98M
Goodwill0.000.00
NetPPE60.88M62.34M61.19M1.77M
AccumulatedDepreciation-10.35M-6.26M-2.37M-722.00K
GrossPPE71.24M68.61M63.56M2.49M
Leases2.19M2.30M2.48M656.00K
ConstructionInProgress3.97M3.97M6.04M0.00
OtherProperties13.32M18.16M14.16M1.14M
MachineryFurnitureEquipment4.99M2.73M508.00K690.00K
BuildingsAndImprovements1.25M1.16M1.18M
CurrentAssets30.92M33.88M17.74M7.92M
OtherCurrentAssets3.32M2.39M2.76M7.70M
PrepaidAssets11.00M6.12M8.29M60.00K
Receivables3.93M4.26M4.96M161.00K
AccountsReceivable3.93M4.26M4.96M161.00K
CashCashEquivalentsAndShortTermInvestments12.67M21.11M1.72M6.00K
CashAndCashEquivalents12.67M21.11M1.72M6.00K
CashFinancial12.67M21.11M1.72M6.00K
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow-72.55M-68.43M-72.15M-28.34M
RepurchaseOfCapitalStock-380.00K0.00-1.27M0.00
RepaymentOfDebt-57.76M-6.80M-1.65M-5.00K
IssuanceOfDebt68.06M81.55M34.22M26.21M
IssuanceOfCapitalStock51.39M0.0031.18M1.47M
CapitalExpenditure-8.39M-14.10M-7.78M-298.00K
InterestPaidSupplementalData9.12M3.41M577.00K0.00
EndCashPosition22.76M21.68M2.43M912.00K
BeginningCashPosition21.68M2.43M912.00K1.57M
ChangesInCash1.09M19.24M1.52M-662.00K
FinancingCashFlow70.96M77.17M72.99M27.67M
CashFlowFromContinuingFinancingActivities70.96M77.17M72.99M27.67M
NetOtherFinancingCharges8.57M2.41M10.20M-1.00K
ProceedsFromStockOptionExercised1.08M20.00K319.00K7.00K
NetPreferredStockIssuance0.003.00M1.40M14.75M
PreferredStockIssuance0.003.00M1.40M14.75M
NetCommonStockIssuance51.01M0.0026.90M65.00K
CommonStockPayments-380.00K0.00-1.27M0.00
CommonStockIssuance51.39M0.0028.18M65.00K
NetIssuancePaymentsOfDebt10.30M74.75M32.57M26.20M
NetShortTermDebtIssuance0.003.72M7.11M0.00
ShortTermDebtIssuance0.003.72M7.11M0.00
NetLongTermDebtIssuance10.30M74.75M28.85M26.20M
LongTermDebtPayments-57.76M-6.80M-1.65M-5.00K
LongTermDebtIssuance68.06M81.55M30.50M26.21M
InvestingCashFlow-5.71M-3.61M-7.10M-298.00K
CashFlowFromContinuingInvestingActivities-5.71M-3.61M-7.10M-298.00K
NetBusinessPurchaseAndSale0.00678.00K0.000.00
SaleOfBusiness0.00678.00K0.000.00
NetIntangiblesPurchaseAndSale-2.46M-2.35M-190.00K-199.00K
PurchaseOfIntangibles-2.46M-2.35M-190.00K-199.00K
NetPPEPurchaseAndSale-3.25M-1.26M-7.59M-99.00K
SaleOfPPE2.68M10.49M0.00
PurchaseOfPPE-5.94M-11.76M-7.59M-99.00K
OperatingCashFlow-64.16M-54.32M-64.37M-28.04M
CashFlowFromContinuingOperatingActivities-64.16M-54.32M-64.37M-28.04M
ChangeInWorkingCapital1.57M6.97M24.79M11.04M
ChangeInOtherWorkingCapital531.00K-4.33M2.88M3.95M
ChangeInOtherCurrentLiabilities-5.05M-5.58M-2.21M-9.00K
ChangeInOtherCurrentAssets124.00K-396.00K-462.00K0.00
ChangeInPayablesAndAccruedExpense5.45M15.60M25.80M7.07M
ChangeInAccruedExpense3.36M9.42M18.95M5.74M
ChangeInPayable2.08M6.18M6.84M1.34M
ChangeInAccountPayable2.49M9.53M2.66M1.34M
ChangeInPrepaidAssets191.00K977.00K-959.00K173.00K
ChangeInReceivables328.00K708.00K-262.00K-146.00K
ChangesInAccountReceivables328.00K708.00K-262.00K-146.00K
OtherNonCashItems12.42M5.94M2.24M46.00K
StockBasedCompensation10.06M-5.98M48.25M12.45M
UnrealizedGainLossOnInvestmentSecurities8.57M11.73M50.23M27.71M
ProvisionandWriteOffofAssets0.00-141.00K
AssetImpairmentCharge0.0060.05M0.00
DeferredTax-380.00K-287.00K-3.32M0.00
DeferredIncomeTax-380.00K-287.00K-3.32M0.00
DepreciationAmortizationDepletion9.29M8.34M3.76M1.03M
DepreciationAndAmortization9.29M8.34M3.76M1.03M
OperatingGainsLosses4.86M-6.14M326.00K-5.95M
GainLossOnSaleOfPPE954.00K-743.00K0.00
NetIncomeFromContinuingOperations-110.56M-74.91M-250.70M-74.36M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for SRFM
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status