Surf Air Mobility Inc. (SRFM) Stock

Surf Air Mobility Inc. (SRFM) is a Industrials stock trading at $0.66 (as of 2026-08-24), with a market capitalization of $65.87M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Surf Air Mobility Inc. operates in the U.S. electric aviation and air travel sector, providing air mobility services that include scheduled routes and on-demand charter flights operated by third parties. The company also offers air cargo services.

Understand Surf Air Mobility Inc.: how it makes money

Surf Air Mobility operates an electric aviation and air travel platform, providing scheduled routes and on-demand charter flights (operated by third parties) plus air cargo services, and it earns money from scheduled service and private charter revenue.

The company’s profit depends on turning flight execution into billable trips, so reliability metrics like Controllable Completion Factor and on-time performance are structurally important because they affect whether scheduled and charter departures run successfully.

Revenue by segment (latest quarter)
Scheduled$0.0B
OnDemandCharter$0.0B

Business quality (Mixed): Clear operating mix (scheduled service plus on-demand charter), but profitability is weak (operating margin is -52.1%) and operational consistency varies (on-time departures 72%, on-time arrivals 78%).

Bull case

  • Execution reliability is relatively high: Controllable Completion Factor is 96%.
  • Active demand and operations: Passengers Flew is 65,376 and Departures is 12,503 for the quarter.
  • Ongoing commercial network building: The number of operators expanded relationships since inception is 425, and Surf supports 20 communities under the Essential Air Service Program.

Bear case

  • Profitability is deeply negative: Operating margin is -52.1% for the quarter ended 2026-03-31.
  • On-time performance is mixed: On-Time Departures is 72% and On-Time Arrivals is 78%.
  • Revenue scale appears small in the provided quarter: Segment revenue candidates total 0.03B USD_B (Scheduled Service Revenue 0.02B plus Private Charter Revenue Powered by Surf On Demand 0.01B).
Valuation — source: SEC EDGAR (first-party)
Price$0.66
Market Cap$65.87M
Price / Sales0.59
FCF Yield-97.5%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$106.56M
Net Margin-103.8%
Revenue Growth (YoY)7.6%
EPS Growth (YoY)-78.4%
FCF Growth (YoY)-32.2%
Financial Health — source: SEC EDGAR
Altman Z-Score-10.22 (distress)
Valuation vs Sector & Industry
Sector P/E (Industrials)26.0
Industry P/E (Transportation)17.0
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($5.41M)
Institutional Holders Tracked10
Company
SectorIndustrials
IndustryTransportation
CEODeanna White
Employees556
CountryUS
IPO Date2023-07-28

Related Companies (Transportation; 8 comparable transport companies)

  • Republic Airways Holdings Inc. (RJET)
  • Allegiant Travel Company (ALGT)
  • Himalaya Shipping Ltd. (HSHP)
  • Verra Mobility Corporation (VRRM)
  • SEACOR Marine Holdings Inc. (SMHI)
  • Nordic American Tankers Limited (NAT)
  • Air T, Inc. (AIRT)
  • Genco Shipping & Trading Limited (GNK)
SRFM earnings history · SRFM institutional & insider holders · SRFM KPIs & operating metrics · SRFM financials · SRFM investor presentations & press releases · SRFM SEC filings · SRFM peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.