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SRFMSurf Air Mobility Inc.
$0.88$87M
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SRFM logo

Surf Air Mobility Inc.

SRFM
NYSE · Airlines & Airports
$0.88
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$87M
P/E-0.2x
52W High$6.17
Volume21.11M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q1

Persistent Operational Losses Threaten Liquidity and Solvency

Surf Air Mobility faces a precarious financial outlook characterized by chronic negative operating margins and a severe liquidity crunch that necessitates frequent external capital infusions. While the company attempts to bridge regional aviation services with...

GrowthMixed
ProfitabilityNegative
ValuationReview
TechnicalsWeak
Explore valuation models
MARKET ACTION

SRFM price & volume

Price trend, volume and key moving averages

Launch Terminal
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Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

5/12 Beats

EPS beat 5 of last 12 quarters

02

Valuation risk

-101% Peers

P/E is 101% below peer median

03

Market leadership

RS 9 · Lag

Laggard (Underperforming 91% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystConfirmed earnings · Nov 11

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
SRFM-63.02%
S&P 500 (^GSPC)+12.39%
1-Year Return
SRFM-80.18%
S&P 500 (^GSPC)+15.77%
3-Year Return
SRFM-92.87%
S&P 500 (^GSPC)+91.74%
5-Year Return
SRFM-95.99%
S&P 500 (^GSPC)+84.64%

Growth & profitability

Annual revenue & EPS trend
Revenue
$107M-10.8% YoY
Net income
-$111M-47.6% YoY
Free cash flow
-$73M-6.0% YoY
Operating margin
-72.1%-21.7 pts YoY
ROIC (TTM)-361.8%
Avg ROIC 5Y-
ROE (TTM)-
Piotroski Score2 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate5/12 (42%)
Revenue Beat Rate10/12 (83%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 10, 2026
-$0.29-74.7%
vs -$0.17
$30M+4.5%
vs $28M
Q2 2026
May 11, 2026
-$0.28+28.2%
vs -$0.39
$26M+0.3%
vs $26M
Q2 2026
Mar 12, 2026
-$0.16+46.7%
vs -$0.30
$26M+0.7%
vs $26M
Q4 2025
Nov 12, 2025
-$0.64-4.9%
vs -$0.61
$29M+11.3%
vs $26M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Business Wire·Sep 15, 2026
Surf Air Mobility Attends FAA's Project Nexus eIPP Event, Reinforcing Its Position as the Commercial Platform for Advanced Air Mobility

LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility (NYSE: SRFM) (“Surf Air Mobility” or the “Company”), a leading air mobility platform, announced today that Company executives attended the launch meeting for Project Nexus on Thursday, September 10, at Alliance Field in Fort Worth, Texas (AFW). Project Nexus is the Federal Aviation Administration's eVTOL Integration Pilot Program (eIPP) initiative awarded to North Texas, bringing together a coalition of the industry's leading eVTOL manufacturers, i.

Business Wire·Sep 14, 2026
Surf Air Mobility's Mokulele Airlines Awarded $19.4 Million Essential Air Service Contract for Lanaʻi in Hawaiʻi

LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air Mobility” or the “Company”) today announced that its airline subsidiary, Mokulele Airlines (“Mokulele”), has been awarded a new Essential Air Service (“EAS”) contract by the U.S. Department of Transportation (“DOT”) to continue scheduled air service to Lanaʻi, Hawaiʻi. The contract represents $19.4 million in EAS subsidies, excluding incremental passenger fare revenue, over four years, doubling the term of the prior co.

Business Wire·Aug 26, 2026
FAA Names OperatorOS as an Authorized System for Electronic Signatures and Recordkeeping

LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air Mobility” or the “Company”) today announced that the Federal Aviation Administration (“FAA”) has approved OperatorOS, Surf Air Mobility's proprietary flight operations software, as an authorized systems of record for the Company's airlines to operate with electronic alternatives to paper signatures, records, and manuals. The approval from the FAA covers the Part 135 certificate under which both Southern Airways Express.

Newsfile Corp·Aug 11, 2026
Stonegate Capital Partners Updates Coverage On Surf Air Mobility Inc. (SRFM) 2Q26

Dallas, Texas--(Newsfile Corp. - August 11, 2026) - Surf Air Mobility Inc. (NYSE: SRFM): Stonegate Capital Partners Updates Coverage on Surf Air Mobility Inc. (NYSE: SRFM). SRFM's 2Q26 results improved the forward setup, with revenue at the high end of guidance despite elevated fuel costs and Hawaii weather disruption, while the first SurfOS enterprise contract advanced commercialization.

Filtered for Surf Air Mobility Inc.More Headlines
04

Compare before deciding

Benchmark SRFM against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Surf Air Mobility Inc. (SRFM)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
SRFM logoSRFMSurf Air Mobility Inc.Current
$0.88$86.97M-0.17-10.78%-103.75%——
FLYY logoFLYYSpirit Aviation Holdings, Inc.
$0.38—-0.03-8.38%-28.55%-277.97%—
ACHR logoACHRArcher Aviation Inc.
$5.71$4.34B-5.77—-11589.86%-40.74%—
JOBY logoJOBYJoby Aviation, Inc.
$6.25$6.15B-5.5339183.09%-755.11%-58.25%—
EVEX logoEVEXEve Holding, Inc.
$2.08$724.47M-2.97——-221.18%—
MESA logoMESAMesa Air Group, Inc.
$21.00$879.48M-0.04-19.93%-43.64%——

Compare SRFM vs Peers

Surf Air Mobility Inc. (SRFM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs FLYY

Most directly comparable listed peer for SRFM.

Scale Benchmark

vs BA

Larger-name benchmark to compare SRFM against a more recognizable public peer.

Peer Set

Compare Top 5

vs FLYY, ACHR, JOBY, EVEX

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

SRFM SEC Filings & Documents

Surf Air Mobility Inc. (SRFM) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 11, 2026·SEC

Material company update

Aug 10, 2026·SEC

Material company update

Jul 24, 2026·SEC

10-K Annual Reports

2
FY 2026

Mar 12, 2026·SEC

FY 2025

Mar 21, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 10, 2026·SEC

FY 2026

May 11, 2026·SEC

FY 2025

Nov 12, 2025·SEC

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SRFM Frequently Asked Questions

Surf Air Mobility Inc. (SRFM) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Surf Air Mobility Inc.'s revenue?

Surf Air Mobility Inc. (SRFM) reported $110.7M in revenue for fiscal year 2025. This represents a 1377% increase from $7.5M in 2020.

How fast is Surf Air Mobility Inc. growing?

Surf Air Mobility Inc. (SRFM) saw revenue decline by 10.8% over the past year.

Is SRFM profitable?

Surf Air Mobility Inc. (SRFM) reported a net loss of $112.5M for fiscal year 2025.

Dividend & Returns
What is Surf Air Mobility Inc.'s free cash flow?

Surf Air Mobility Inc. (SRFM) had negative free cash flow of $66.2M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in SRFM back in 2020?

Total return calculator · dividends reinvested · 6+ years of data

See returns →