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SRFM · NYSE · Airlines, Airports & Air Services

Surf Air Mobility (SRFM)

Runs regional scheduled and charter flights while developing aviation software and electric propulsion systems.

$0.7784
After hours+0.01 (+1.08%)
At close$0.7701(+14.91%)
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Surf Air Mobility Inc.SRFM
Industrials

Combines a regional scheduled and on-demand flight network with commuter-airline operations, aviation software, and electric or hybrid-electric propulsion development. Southern Airways' acquisition shaped the current business structure.

Scheduled commuter flights and on-demand charter flights form the operating base for regional business and leisure travelers, combining Surf Air's technology-enabled flight network with Southern Airways' commuter-airline operation. Aviation software and work on fully electric and hybrid-electric powertrains extend the platform beyond flight operations. The combined network supports a nationwide US regional-air-mobility platform.

Electrification development depends on commercial partners for propulsion systems and on financing and services infrastructure intended to support industry adoption. Southern Airways' acquisition and the NYSE listing shaped the present business structure. Deanna White serves as chief executive and chief operating officer.

Company facts

CEODeanna White
ListedJul 27, 2023
ExchangeNYSE
HeadquartersHawthorne, CA
CountryUnited States
Employees573
CIK0001936224
ISINUS8689272032

Market cap$74.4M
EPS (ttm)−$2.14
P/E (ttm)−0.3132
ROE
P/B
P/S0.6717
Dividend yieldDiv yield
Beta3.59vs XLI 1.02

Price target$2.13+176.0%Average of 3 analysts
ConsensusHold2 of 3 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
May 13, 2026Canaccord GenuityTarget
Target: $2.20
Target: $1.50
May 1, 2026Industrial Alliance SecuritiesTarget
Target:
Target: $2.75

Next report
Nov 11, 26
in 50 days
EPS estimate
−$0.13
Revenue estimate
$35.6M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$0.81−$1.31−$1.34−$0.64−$0.16−$0.28−$0.29Pending
Estimate−$0.67−$1.08−$1.09−$0.61−$0.30−$0.39−$0.17−$0.13
Surprise+220.9%−21.3%−22.9%−4.9%+46.7%+28.2%−74.7%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$28.0M$23.5M$27.4M$29.2M$26.4M$25.6M$29.5MPending
Estimate$26.8M$25.6M$25.3M$26.2M$26.2M$25.5M$28.2M$35.6M
Surprise+4.7%−8.2%+8.6%+11.3%+0.7%+0.3%+4.5%
Estimate−$0.13
ReportedDue Nov 11, 2026
Estimate$35.6M
ReportedDue Nov 11, 2026
View details

Current ratio26.20%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$28.4M$28.0M$23.5M$27.4M$29.2M$26.4M$25.6M$29.5M
Net income−$12.2M$1.3M−$18.5M−$28.0M−$27.2M−$36.9M−$20.3M−$28.1M
Net margin0.0%4.5%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$8.6M$8.1M−$18.6M−$15.9M−$16.5M−$25.9M−$13.4M−$18.8M
YoY growthLoss narrowedTurned profitLoss narrowedLoss narrowedLoss widenedTurned lossLoss narrowedLoss widened

Balance sheet, Jun 30, 2026Cash & short-term investments $18.4M · Total debt $90.0M · Total assets $140.7M · Shareholders' equity −$42.5M

Revenue
$29.5M
Operating income
−$18.8M
Net income
−$28.1M
View details

No dividends on record.

Institutions0.01%14.3K shares
7 holders · as of Jun 30, 2026
Insiders2.55%2.56M shares
11 holders · as of Sep 1, 2026
Strategic holders15.09%15.15M shares
2 holders · as of Jul 1, 2026
Other82.35%82.67M shares
remainder

100.40M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Two share counts disagree (100.40M in the company's Sep 22, 2026 report, 110.99M elsewhere); stakes use the report.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Palantir Technologies Inc.1Strategic10 percent owner
8.22%8.25Mfiled Jul 1, 2026
Hudson Bay Capital Management LPInstitution
7.75%7.78Mfiled Feb 10, 2026
Citadel Advisors LLCStrategic
6.88%6.90Mfiled Apr 28, 2026
Deanna Leigh WhiteInsiderofficer: Chief Executive Officer
0.90%899,130filed May 8, 2026
Oliver ReevesInsiderofficer: Chief Financial Officer
0.47%470,816filed May 8, 2026
  1. Palantir Technologies Inc.'s transaction reports restate only vehicles that traded; the 2026 ownership statement (8.25M) is used instead.

Insider tradesForm 4

DateInsiderRoleSharesAvg price
May 8, 2026Oliver Reevesofficer: Chief Financial Officer−76,569$1.31
May 8, 2026Deanna Leigh Whiteofficer: Chief Executive Officer−56,884$1.31
Apr 16, 2026Oliver Reevesofficer: Chief Financial Officer−14,437$1.31
Apr 16, 2026Deanna Leigh Whiteofficer: Chief Executive Officer−13,860$1.31
View details

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CompareAfter hours

CompanyPriceChange
Surf Air Mobility$0.7784+1.08%$74.4M0.7+7.6%
SkyWest$101.20−0.03%$3.97B10.08.70.9+6.5%
Wheels Up Experience$3.89−1.27%$132.7M0.2−4.0%
Joby Aviation$6.44−0.16%$6.31B54.2+257,493.3%
Archer Aviation$5.70+0.08%$4.12B597.8
Eve$2.150.00%$728.0M
Median10.08.727.6+6.5%