8-K Announcements
6Material company update
May 22, 2026·SEC
Material company update
May 11, 2026·SEC
Material company update
Apr 24, 2026·SEC
Surf Air Mobility Inc.(SRFM)Earnings, Financials & Key Ratios
SRFM•NYSE
Price updated Jun 19, 2026
AboutSurf Air Mobility Inc. operates as an electric aviation and air travel company in the United States. It offers an air mobility platform with scheduled routes and on demand charter flights operated by third parties; and air cargo services. The company is headquartered in Hawthorne, California.Show more
- Revenue$107M-10.8%
- EBITDA-$68M-30.2%
- Net Income-$111M-47.6%
- EPS (Diluted)-5.29+8.8%
- Gross Margin3.92%-50.6%
- EBITDA Margin-63.42%-45.9%
- Operating Margin-72.14%-43.0%
- Net Margin-103.75%-65.4%
SRFM Key Insights
Surf Air Mobility Inc. (SRFM) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y sales CAGR of 70.0%
✗Weaknesses
- ✗Profits declining 36.4% over 5 years
- ✗Weak Piotroski F-Score: 2/9
- ✗Negative free cash flow
- ✗Weak momentum: RS Rating 11 (bottom 11%)
- ✗Shares diluted 61.9% in last year
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Get notified when SRFM posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
SRFM Price & Volume
Surf Air Mobility Inc. (SRFM) stock price & volume — 10-year historical chart
Loading chart...
SRFM Growth Metrics
Surf Air Mobility Inc. (SRFM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years70.02%
3 Years73.87%
TTM-3.24%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-99.17%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-25.9%
Return on Capital
10 Years-1240.56%
5 Years-1240.56%
3 Years-1240.56%
Last Year-217.12%
SRFM Recent Earnings
Surf Air Mobility Inc. (SRFM) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
May 11, 2026Metric
Actual
Est
EPS
$0.28+28.2%
$0.39
Rev
$26M+0.3%
$26M
Q2 2026
Mar 12, 2026Metric
Actual
Est
EPS
$0.16+46.7%
$0.30
Rev
$26M+0.7%
$26M
Q4 2025
Nov 12, 2025Metric
Actual
Est
EPS
$0.64-4.9%
$0.61
Rev
$29M+11.3%
$26M
Q3 2025
Aug 12, 2025Metric
Actual
Est
EPS
$0.93+14.7%
$1.09
Rev
$27M+8.0%
$25M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 11, 2026 | $0.28vs $0.39+28.2% | $26Mvs $26M+0.3% |
| Q2 2026 | Mar 12, 2026 | $0.16vs $0.30+46.7% | $26Mvs $26M+0.7% |
| Q4 2025 | Nov 12, 2025 | $0.64vs $0.61-4.9% | $29Mvs $26M+11.3% |
| Q3 2025 | Aug 12, 2025 | $0.93vs $1.09+14.7% | $27Mvs $25M+8.0% |
Based on last 12 quarters of dataView full earnings history →
SRFM Peer Comparison
Surf Air Mobility Inc. (SRFM) competitors in Private aviation and charter services — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 FLYY | 0.38 | -0.03 | -8.38% | -28.55% | -277.97% | |||
 ACHR | 4.23B | 5.57 | -5.63 | -390.79% | -38.99% | 0.02 | ||
 JOBY | 9.83B | 10.00 | -8.85 | 391.83% | -12.33% | -74.18% | 0.04 | |
 EVEX | 851.5M | 2.83 | -4.04 | -258.98% | 1.45 | |||
 MESA | 879.48M | 21.00 | -0.04 | -19.93% | -43.64% | -5.29% | ||
 SKYW | 3.72B | 92.63 | 8.95 | 15.03% | 10.42% | 16% | 0.87 | |
 ULCC | 1.66B | 7.22 | -12.03 | -1.35% | -9.62% | -88.57% | 11.13 | |
 SNCY | 876.36M | 16.17 | 16.84 | 4.74% | 3.55% | 6.44% | 0.95 |
Compare SRFM vs Peers
Surf Air Mobility Inc. (SRFM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SRFM Income Statement
Surf Air Mobility Inc. (SRFM) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Sales/Revenue | 7.5M | 11.8M | 20.27M | 60.51M | 119.42M | 106.56M | 108.66M |
Revenue Growth % | - | 57.31% | 71.84% | 198.44% | 97.38% | -10.78% | -3.24% |
Cost of Goods Sold | 11.03M | 15.55M | 25.85M | 65.68M | 109.93M | 102.38M | 106.17M |
COGS % of Revenue | 147.03% | 131.78% | 127.51% | 108.55% | 92.05% | 96.08% | - |
Gross Profit | -3.53M▲ 0% | -3.75M▼ 6.3% | -5.58M▼ 48.8% | -5.17M▲ 7.2% | 9.49M▲ 283.4% | 4.18M▼ 55.9% | 2.5M▲ 0% |
Gross Margin % | -47.03% | -31.78% | -27.51% | -8.55% | 7.95% | 3.92% | 2.3% |
Gross Profit Growth % | - | -6.29% | -48.76% | 7.21% | 283.4% | -55.95% | - |
Operating Expenses | 17.23M | 29.6M | 45.33M | 191.59M | 69.75M | 81.06M | 74.16M |
OpEx % of Revenue | 229.75% | 250.9% | 223.57% | 316.65% | 58.4% | 76.07% | - |
Selling, General & Admin | 15.05M | 26.64M | 42.04M | 110.7M | 37.37M | 61.46M | 56.95M |
SG&A % of Revenue | 200.73% | 225.78% | 207.35% | 182.96% | 31.29% | 57.68% | - |
Research & Development | 2.18M | 2.96M | 3.29M | 20.85M | 24.04M | 10.3M | 10.06M |
R&D % of Revenue | 29.01% | 25.12% | 16.22% | 34.46% | 20.13% | 9.67% | - |
Other Operating Expenses | 0 | 0 | 0 | 60.05M | 8.34M | 9.29M | 3M |
Operating Income | -20.76M▲ 0% | -33.35M▼ 60.7% | -50.9M▼ 52.6% | -196.77M▼ 286.5% | -60.26M▲ 69.4% | -76.87M▼ 27.6% | -71.66M▲ 0% |
Operating Margin % | -276.77% | -282.68% | -251.08% | -325.21% | -50.46% | -72.14% | -65.95% |
Operating Income Growth % | - | -60.66% | -52.64% | -286.55% | 69.38% | -27.58% | - |
EBITDA | -17.93M | -32.3M | -49.88M | -193M | -51.91M | -67.58M | -61.96M |
EBITDA Margin % | -239.07% | -273.76% | -246.01% | -318.99% | -43.47% | -63.42% | -57.02% |
EBITDA Growth % | - | -80.13% | -54.43% | -286.96% | 73.1% | -30.17% | -72.88% |
D&A (Non-Cash Add-back) | 2.83M | 1.05M | 1.03M | 3.76M | 8.34M | 9.29M | 9.7M |
EBIT | -21.87M | -33.64M | -73.77M | -251.03M | -66.58M | -76.87M | -75.61M |
Net Interest Income | -1.56M | -2.14M | -596K | -2.97M | -8.62M | -13.21M | -10.53M |
Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense | 1.56M | 2.14M | 596K | 2.97M | 8.62M | 13.21M | 10.53M |
Other Income/Expense | -2.68M | -2.43M | -23.46M | -57.23M | -14.94M | -34.06M | -41.06M |
Pretax Income | -23.44M▲ 0% | -35.78M▼ 52.7% | -74.36M▼ 107.8% | -254M▼ 241.6% | -75.19M▲ 70.4% | -110.94M▼ 47.5% | -112.72M▲ 0% |
Pretax Margin % | -312.49% | -303.31% | -366.79% | -419.8% | -62.96% | -104.11% | -103.73% |
Income Tax | 0 | 0 | 0 | -3.3M | -287K | -380K | -366K |
Effective Tax Rate % | 0% | 0% | 0% | 1.3% | 0.38% | 0.34% | 0.32% |
Net Income | -23.44M▲ 0% | -35.78M▼ 52.7% | -74.36M▼ 107.8% | -250.7M▼ 237.1% | -74.91M▲ 70.1% | -110.56M▼ 47.6% | -112.35M▲ 0% |
Net Margin % | -312.49% | -303.31% | -366.79% | -414.34% | -62.72% | -103.75% | -103.39% |
Net Income Growth % | - | -52.68% | -107.81% | -237.13% | 70.12% | -47.59% | -99.17% |
Net Income (Continuing) | -23.44M | -35.78M | -74.36M | -250.7M | -74.91M | -110.56M | -112.35M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | -2.35▲ 0% | -3.58▼ 52.3% | -7.45▼ 108.1% | -23.04▼ 209.3% | -5.80▲ 74.8% | -5.29▲ 8.8% | -5.37▲ 0% |
EPS Growth % | - | -52.34% | -108.1% | -209.26% | 74.83% | 8.79% | -25.9% |
EPS (Basic) | -2.35 | -3.58 | -7.45 | -23.04 | -5.80 | -5.29 | - |
Diluted Shares Outstanding | 9.98M | 9.98M | 9.98M | 10.88M | 12.91M | 20.9M | 20.9M |
Basic Shares Outstanding | 9.98M | 9.98M | 9.98M | 10.88M | 12.91M | 20.9M | 20.9M |
Dividend Payout Ratio | - | - | - | - | - | - | - |
SRFM Balance Sheet
Surf Air Mobility Inc. (SRFM) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Total Current Assets | 8.37M | 1.94M | 7.92M | 17.74M | 33.88M | 30.92M | 21.06M |
Cash & Short-Term Investments | 7.4M | 719K | 6K | 1.72M | 21.11M | 12.67M | 4.16M |
Cash Only | 7.4M | 719K | 6K | 1.72M | 21.11M | 12.67M | 4.16M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 161K | 15K | 161K | 4.96M | 4.26M | 3.93M | 3.71M |
Days Sales Outstanding | 7.84 | 0.46 | 2.9 | 29.95 | 13.01 | 13.46 | 15.1 |
Inventory | 0 | 0 | 0 | 0 | 39K | 0 | 0 |
Days Inventory Outstanding | - | - | - | - | 0.13 | - | - |
Other Current Assets | 813K | 1.2M | 7.7M | 2.76M | 645K | 14.32M | 638K |
Total Non-Current Assets | 3.33M | 5.62M | 5.78M | 93.25M | 90.18M | 100.76M | 99.77M |
Property, Plant & Equipment | 600K | 703K | 1.77M | 61.19M | 60.37M | 58.91M | 59.49M |
Fixed Asset Turnover | 12.50x | 16.78x | 11.47x | 0.99x | 1.98x | 1.81x | 1.85x |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 2.5M | 1.94M | 2.98M | 28.49M | 23.12M | 20.07M | 19.33M |
Long-Term Investments | 0 | 0 | 0 | 0 | 568K | 10.09M | 20.25M |
Other Non-Current Assets | 238K | 2.98M | 1.03M | 3.57M | 6.12M | 11.69M | 10.8M |
Total Assets | 11.71M▲ 0% | 7.56M▼ 35.4% | 13.7M▲ 81.2% | 110.99M▲ 710.3% | 124.06M▲ 11.8% | 131.68M▲ 6.1% | 120.83M▲ 0% |
Asset Turnover | 0.64x | 1.56x | 1.48x | 0.55x | 0.96x | 0.81x | 0.89x |
Asset Growth % | - | -35.44% | 81.23% | 710.32% | 11.77% | 6.14% | 52.22% |
Total Current Liabilities | 43.57M | 55.58M | 57.4M | 140.11M | 89.61M | 95.32M | 132.93M |
Accounts Payable | 8.79M | 14.04M | 12.89M | 18.85M | 17.98M | 18.44M | 21.14M |
Days Payables Outstanding | 291.09 | 329.67 | 182.01 | 104.78 | 59.68 | 65.73 | 64.85 |
Short-Term Debt | 19.99M | 23.06M | 15.95M | 15.87M | 8.38M | 10.61M | 54.21M |
Deferred Revenue (Current) | 3.08M | 5.16M | 7.82M | 19.01M | 17.39M | 17.92M | 70.34M |
Other Current Liabilities | 1.05M | 1.37M | 1.64M | 26.78M | 13.17M | 48.35M | 34.54M |
Current Ratio | 0.19x | 0.03x | 0.14x | 0.13x | 0.38x | 0.32x | 0.16x |
Quick Ratio | 0.19x | 0.03x | 0.14x | 0.13x | 0.38x | 0.32x | 0.16x |
Cash Conversion Cycle | - | - | - | - | -46.54 | - | -49.75 |
Total Non-Current Liabilities | 109.68M | 125.01M | 178.39M | 48.36M | 154.44M | 91.22M | 44.5M |
Long-Term Debt | 397K | 408K | 13.15M | 20.62M | 67.23M | 72.86M | 27.89M |
Capital Lease Obligations | 0 | 0 | 246K | 6.64M | 12.49M | 0 | 19.74M |
Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Liabilities | 109.28M | 124.6M | 164.99M | 21.1M | 74.73M | 18.36M | 8.21M |
Total Liabilities | 153.25M | 180.58M | 235.79M | 188.47M | 244.06M | 186.54M | 177.42M |
Total Debt | 20.39M | 23.47M | 30.25M | 47.45M | 92.49M | 83.47M | 90.5M |
Net Debt | 12.99M | 22.75M | 30.24M | 45.73M | 71.38M | 70.79M | 86.33M |
Debt / Equity | - | - | - | - | - | - | -1.60x |
Debt / EBITDA | - | - | - | - | - | - | -1.46x |
Net Debt / EBITDA | - | - | - | - | - | - | -1.39x |
Interest Coverage | -13.98x | -15.72x | -123.77x | -84.55x | -7.73x | -5.82x | -7.18x |
Total Equity | -141.54M▲ 0% | -173.03M▼ 22.2% | -222.09M▼ 28.4% | -77.48M▲ 65.1% | -120M▼ 54.9% | -54.86M▲ 54.3% | -56.59M▲ 0% |
Equity Growth % | - | -22.24% | -28.36% | 65.11% | -54.86% | 54.28% | 154.15% |
Book Value per Share | -14.18 | -17.33 | -22.25 | -7.12 | -9.29 | -2.62 | -2.71 |
Total Shareholders' Equity | -141.54M | -173.03M | -222.09M | -77.48M | -120M | -54.86M | -56.59M |
Common Stock | 154K | 186K | 1K | 1K | 2K | 7K | 6.61M |
Retained Earnings | -241.69M | -277.48M | -351.84M | -602.53M | -677.44M | -788M | -808.26M |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | 641K | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
SRFM Cash Flow Statement
Surf Air Mobility Inc. (SRFM) cash flow — operating, investing & free cash flow history
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Cash from Operations | -8.73M | -23.93M | -28.04M | -64.37M | -54.32M | -64.16M | -60.61M |
Operating CF Margin % | -116.44% | -202.83% | -138.29% | -106.39% | -45.49% | -60.21% | - |
Operating CF Growth % | - | -174.02% | -17.16% | -129.59% | 15.61% | -18.11% | -101.86% |
Net Income | -23.44M | -35.78M | -74.36M | -250.7M | -74.91M | -110.56M | -112.35M |
Depreciation & Amortization | 2.83M | 1.05M | 1.07M | 3.76M | 8.34M | 9.29M | 9.7M |
Stock-Based Compensation | 6.19M | 3.19M | 12.45M | 48.25M | -5.98M | 10.06M | 9.57M |
Deferred Taxes | 0 | 0 | 0 | -3.32M | -287K | -380K | -366K |
Other Non-Cash Items | 880K | -638K | 27.05M | 112.84M | 11.53M | 25.85M | 35M |
Working Capital Changes | 4.81M | 8.25M | 5.75M | 24.79M | 6.97M | 1.57M | -2.16M |
Change in Receivables | 143K | 287K | -146K | -262K | 708K | 328K | 1.02M |
Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Change in Payables | 2.82M | 2.95M | 0 | 2.66M | 9.53M | 2.49M | 3.76M |
Cash from Investing | 302K | -261K | -298K | -7.1M | -3.61M | -5.71M | -10.03M |
Capital Expenditures | -178K | -137K | -99K | -7.59M | -11.76M | -5.94M | -8.2M |
CapEx % of Revenue | 2.37% | 1.16% | 0.49% | 12.54% | 9.85% | 5.57% | 7.55% |
Acquisitions | 599K | 0 | 0 | 678K | 0 | 0 | 0 |
Investments | - | - | - | - | - | - | - |
Other Investing | -119K | -124K | -199K | -190K | 8.15M | 225K | -1.83M |
Cash from Financing | 14.18M | 18.25M | 27.67M | 72.99M | 77.17M | 70.96M | 77.76M |
Debt Issued (Net) | 821K | 3.5M | 26.2M | 32.57M | 74.75M | 10.3M | 5.1M |
Equity Issued (Net) | 13.36M | 14.75M | 0 | 29.9M | 0 | 52.09M | 21.09M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | 0 | -1.27M | 0 | -380K | 0 |
Other Financing | 0 | 0 | 1.47M | 10.52M | 2.43M | 8.57M | 51.57M |
Net Change in Cash | 5.75M▲ 0% | -5.94M▼ 203.3% | -662K▲ 88.9% | 1.52M▲ 329.5% | 19.24M▲ 1166.9% | 1.09M▼ 94.3% | 7.06M▲ 0% |
Free Cash Flow | -9.03M▲ 0% | -24.19M▼ 167.9% | -28.14M▼ 16.3% | -72.15M▼ 156.4% | -68.43M▲ 5.2% | -72.55M▼ 6.0% | -69.86M▲ 0% |
FCF Margin % | -120.4% | -205.04% | -138.78% | -119.24% | -57.3% | -68.09% | -64.29% |
FCF Growth % | - | -167.9% | -16.31% | -156.43% | 5.16% | -6.03% | 2.99% |
FCF per Share | -0.90 | -2.42 | -2.82 | -6.63 | -5.30 | -3.47 | -3.34 |
FCF Conversion (FCF/Net Income) | 0.37x | 0.67x | 0.38x | 0.26x | 0.73x | 0.58x | 0.62x |
Interest Paid | 0 | 0 | 0 | 577K | 3.41M | 9.12M | 6.85M |
Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
SRFM Key Ratios
Surf Air Mobility Inc. (SRFM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|
Return on Equity (ROE) | - | - | - | - | - | 140.66% |
Return on Invested Capital (ROIC) | - | - | - | - | -361.77% | 276.63% |
Gross Margin | -31.78% | -27.51% | -8.55% | 7.95% | 3.92% | 2.3% |
Net Margin | -303.31% | -366.79% | -414.34% | -62.72% | -103.75% | -103.39% |
Debt / Equity | - | - | - | - | - | -1.60x |
Interest Coverage | -15.72x | -123.77x | -84.55x | -7.73x | -5.82x | -7.18x |
FCF Conversion | 0.67x | 0.38x | 0.26x | 0.73x | 0.58x | 0.62x |
Revenue Growth | 57.31% | 71.84% | 198.44% | 97.38% | -10.78% | -3.24% |
Related:SRFM Dividend History·SRFM Revenue History·SRFM Price History·SRFM P/E History·SRFM Financial Ratios·SRFM Institutional Holders
SRFM SEC Filings & Documents
Surf Air Mobility Inc. (SRFM) SEC filings — annual & quarterly reports (10-K, 10-Q)
SRFM Frequently Asked Questions
Surf Air Mobility Inc. (SRFM) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Surf Air Mobility Inc. (SRFM) reported $108.7M in revenue for fiscal year 2025. This represents a 1349% increase from $7.5M in 2020.
Surf Air Mobility Inc. (SRFM) saw revenue decline by 10.8% over the past year.
Surf Air Mobility Inc. (SRFM) reported a net loss of $112.4M for fiscal year 2025.
Dividend & Returns
Surf Air Mobility Inc. (SRFM) had negative free cash flow of $69.9M in fiscal year 2025, likely due to heavy capital investments.