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Surf Air Mobility

SRFM

Surf Air Mobility Inc. is a regional air mobility platform that operates one of the largest commuter airlines in the United States.

Market cap
$88.27M-42.1%
Revenue$108.7M-3.2%
Net income-$112.4M-94.8%
Free cash flow-$68.0M+2.3%
EPS (diluted)-$2.65+65.5%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 10, 2026 (In 1 week)
Revenue estimate$28.2M
EPS estimate-$0.18

Financials

Q1 2026

Income statement

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Revenue$25.6M+9.0%
Gross profit-$333.0K+72.3%
Operating income-$13.4M+28.1%
Net income-$20.3M-9.7%
EPS (diluted)-$0.26+76.1%

Balance sheet

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Cash & equivalents$4.2M-37.2%
Total debt$28.8M-63.4%
Total equity-$63.2M+53.4%
Total assets$120.8M+14.8%

Cash flow

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Operating cash flow-$12.3M+22.5%
CapEx$2.8M+117%
Free cash flow-$15.0M+12.1%

Valuation & ratios

Valuation

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Market cap$88.27M-42.1%
Enterprise value$112.93M-51.3%
P/S0.8×-0.8×

Profitability

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Gross margin4.9%-0.6pp
Operating margin-65.9%
Net margin-103.4%-7,842pp
FCF margin-62.6%+0.6pp

Returns & leverage

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Current ratio0.2×-0.1×

Segments

By segment

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Air Mobility$25.6M+9.0%

Competitors

Profile

Surf Air Mobility Inc. is a regional air mobility platform that operates one of the largest commuter airlines in the United States. The company provides scheduled regional flights and an on-demand charter marketplace while developing proprietary electrification powertrain technology and software to modernize the aviation industry. Its core value proposition lies in transforming regional travel by connecting underutilized airports with sustainable, high-frequency air service.

Competitive position

A leading U.S. commuter airline by scheduled departures and a first-mover in the commercialization of electrified regional aviation technology.

GeographiesUnited States, Global
Customer segmentsRetail consumers, Government agencies, Enterprise air operators
Business modelSubscription, Marketplace, B2G (Business-to-Government), SaaS (Software as a Service), Manufacturing & Licensing
SuppliersAircraft manufacturers (OEMs), Battery and electric motor suppliers, Fuel and energy providers, Airport and private terminal operators, Software development partners
CustomersIndividual passengers, U.S. Department of Transportation, Third-party charter operators, Corporate travel departments
Listed2023
Employees833.0
CEODeanna White
FilingsSEC EDGAR

Questions, answered.

What is Surf Air Mobility's market cap?
Surf Air Mobility (SRFM) has a market capitalization of $88.3M and trades on NYSE.
What is Surf Air Mobility's revenue and profitability?
Surf Air Mobility generated $108.7M in trailing twelve-month revenue with a net loss of $112.4M, representing a net margin of -103.4%. Gross margin stands at 4.9%, with free cash flow of -$68.0M. These figures are based on the Q1 2026 filing.
Who are Surf Air Mobility's competitors?
Surf Air Mobility's key competitors include Archer Aviation, Joby Aviation, Wheels Up Experience Inc., and others. These companies compete in similar markets and product categories.
Who does Surf Air Mobility partner with?
Surf Air Mobility's notable partners include Palantir Technologies, Textron Aviation, United Airlines, and others.
What subsidiaries does Surf Air Mobility have?
Surf Air Mobility's subsidiaries include Southern Airways Corporation, Mokulele Airlines, Surf Air Global Limited.
Where is Surf Air Mobility headquartered?
Surf Air Mobility is headquartered in United States of America and employs approximately 833 people. It has been publicly traded since 2023.