Surf Air Mobility, Inc. (SRFM) AI Stock Analysis

• Market Cap: $173.87M
• Dividend Yield: N/A
• Average Volume (3M): 3.15M
• Price to Earnings (P/E): ―
• Beta (1Y): 3.17
• Revenue Growth: -3.95%
• EPS Growth: 85.63%
• Country: US
• Employees: 556
• Sector: Industrials
• Sector Strength: 72
• Industry: Airlines, Airports & Air Services
• EPS (TTM): -1.34
• Shares Outstanding: 42,826,070
• 10 Day Avg. Volume: 2,118,232
• 30 Day Avg. Volume: 3,146,574
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.14
• Enterprise Value/Revenue: 1.85
• Enterprise Value/Gross Profit: 73.28
• Enterprise Value/Ebitda: -5.50
• 1Y Price Target: $7.88
• Price Target Upside: 94.09% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 45 Neutral
• Price Target: $4.00 ▼(-1.48% Downside)

Surf Air Mobility, Inc. faces substantial financial challenges, with negative equity and liquidity issues being the most significant concerns. While the earnings call provided some positive news regarding revenue growth and operational improvements, the overall financial health remains weak. Technical indicators and valuation metrics further suggest caution.

Positive Factors

Revenue Growth

The significant revenue growth indicates strong market demand and successful execution of business strategies, suggesting potential for continued expansion and improved financial performance.

Operational Improvements

Operational improvements enhance service reliability and customer satisfaction, strengthening the company's competitive position and supporting long-term growth.

Strategic Partnerships

Strategic partnerships with industry leaders can drive technological advancements and market reach, fostering innovation and opening new revenue streams.

Negative Factors

Financial Instability

Negative equity and high leverage indicate financial distress, which can limit growth opportunities and increase vulnerability to economic downturns.

Cash Flow Challenges

Negative cash flows and limited liquidity can constrain operational flexibility and investment capacity, hindering long-term sustainability.

Declining Revenue

A declining revenue trend suggests challenges in market demand or competitive positioning, potentially impacting future profitability and growth.

Surf Air Mobility, Inc. Business Overview & Revenue Model

Company Description

Surf 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.

How the Company Makes Money

Surf Air Mobility generates revenue through a multi-faceted business model that includes several key streams. Primarily, the company earns money from its subscription-based membership services, where customers pay a recurring fee for access to its flight services, offering convenience and flexibility for frequent travelers. Additionally, the company capitalizes on on-demand charter flights, charging customers based on the distance and duration of travel. Partnerships with other aviation companies, technology providers, and regional airports are also instrumental in expanding its service offerings and customer base. Furthermore, Surf Air Mobility may explore additional revenue through ancillary services, including premium in-flight experiences and partnerships with hospitality providers, thereby diversifying its income sources.

Surf Air Mobility, Inc. Financial Statement Overview

Summary

Surf Air Mobility, Inc. is facing significant financial challenges. The income statement shows substantial losses with a negative net profit margin and declining revenues. The balance sheet reveals financial instability with negative equity and high leverage. Cash flow issues are evident with negative operating and free cash flows, indicating liquidity problems.

Income Statement

Surf Air Mobility, Inc. is experiencing significant challenges in its income statement. The company has a negative net profit margin of -53.48% TTM, indicating substantial losses relative to revenue. The gross profit margin is also low at 2.53% TTM, reflecting high costs relative to sales. Revenue has declined by 4.39% TTM, showing a negative growth trend. The EBIT and EBITDA margins are negative, highlighting operational inefficiencies. Overall, the income statement reflects a struggling financial performance with declining revenues and profitability.

Balance Sheet

The balance sheet of Surf Air Mobility, Inc. reveals financial instability. The company has negative stockholders' equity, indicating more liabilities than assets, and a negative debt-to-equity ratio of -0.21 TTM, which is concerning. The return on equity is positive at 45.33% TTM, but this is due to negative equity, which distorts the metric. The equity ratio is negative, further emphasizing financial distress. Overall, the balance sheet suggests high financial risk and leverage issues.

Cash Flow

The cash flow statement shows some concerning trends. Operating cash flow is negative, and the operating cash flow to net income ratio is -0.64 TTM, indicating cash flow issues relative to net income. Free cash flow is also negative, though it has shown slight improvement with a growth rate of 6.10% TTM. The free cash flow to net income ratio is 1.21 TTM, suggesting that free cash flow covers net income, albeit both are negative. Overall, the cash flow situation is challenging, with negative cash flows and limited liquidity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	107.37M	119.42M	60.51M	20.27M	11.80M	7.50M
Gross Profit	2.71M	9.49M	-5.17M	-5.58M	-3.75M	-3.53M
EBITDA	-36.16M	-58.24M	-247.27M	-72.74M	-32.59M	-19.04M
Net Income	-57.42M	-74.91M	-250.70M	-74.36M	-35.78M	-23.44M
Balance Sheet
Total Assets	128.98M	124.06M	110.99M	13.70M	7.56M	11.71M
Cash, Cash Equivalents and Short-Term Investments	22.57M	21.11M	1.72M	6.00K	719.00K	7.40M
Total Debt	23.90M	92.49M	47.45M	30.25M	23.47M	20.39M
Total Liabilities	244.47M	244.06M	188.47M	235.79M	180.58M	153.25M
Stockholders Equity	-115.48M	-120.00M	-77.48M	-222.09M	-173.03M	-141.54M
Cash Flow
Free Cash Flow	-75.71M	-66.08M	-72.15M	-28.34M	-24.19M	-9.03M
Operating Cash Flow	-62.34M	-54.32M	-64.37M	-28.04M	-23.93M	-8.73M
Investing Cash Flow	-2.01M	-3.61M	-7.10M	-298.00K	-261.00K	302.00K
Financing Cash Flow	89.82M	77.17M	72.99M	27.67M	18.25M	14.18M

Surf Air Mobility, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4.06
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SRFM, the sentiment is Negative. The current price of 4.06 is below the 20-day moving average (MA) of 4.68, below the 50-day MA of 4.47, and above the 200-day MA of 3.83, indicating a neutral trend. The MACD of -0.17 indicates Positive momentum. The RSI at 41.78 is Neutral, neither overbought nor oversold. The STOCH value of 8.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SRFM.

Surf Air Mobility, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SNCY	―	$647.34M	11.68	9.99%	―	4.27%	28.47%
Sector *	―	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
ALGT	―	$1.14B	―	-24.02%	―	3.17%	-1689.03%
MESA	―	$58.20M	-0.32	-378.73%	―	-14.62%	-86.07%
SRFM	―	$173.87M	―	―	―	-3.95%	85.63%
FLYX	―	$310.10M	―	―	―	―	―
ULCC	―	$880.68M	―	-6.63%	―	4.60%	49.81%

Surf Air Mobility, Inc. Corporate Events

Surf Air Mobility Appoints Shawn Pelsinger to Board

On October 8, 2025, Surf Air Mobility announced the appointment of Shawn Pelsinger to its Board of Directors. Mr. Pelsinger, who has extensive experience in strategic partnerships and legal issues in technology sectors, is expected to bring valuable insights as the company markets its SurfOS software, powered by Palantir’s AI and Foundry platforms. His previous collaboration with Surf Air Mobility on its SurfOS software initiatives during his tenure at Palantir highlights his familiarity with the company’s technology. The appointment is seen as a strategic move to support the development and growth of SurfOS, which aims to impact the air mobility industry significantly.

The most recent analyst rating on (SRFM) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Surf Air Mobility, Inc. stock, see the SRFM Stock Forecast page.

Tyrone Bland Resigns from Surf Air Mobility Board

On August 27, 2025, Tyrone Bland resigned from Surf Air Mobility’s Board of Directors to pursue opportunities in public sector lobbying, political engagement, and business development. His departure was not due to any disagreements with the company, and the Board expressed gratitude for his service. This change comes as Surf Air Mobility continues its focus on growth and innovation in the regional air mobility sector, including the development of AI-powered software and electrified aircraft technologies.

The most recent analyst rating on (SRFM) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Surf Air Mobility, Inc. stock, see the SRFM Stock Forecast page.

Surf Air Mobility’s Earnings Call Highlights Growth and Profitability

Surf Air Mobility, Inc. recently held its earnings call, revealing a positive outlook driven by substantial revenue growth, strategic partnerships, and operational improvements. The company achieved profitability in its airline operations, despite facing challenges such as an adjusted EBITDA loss and slower on-demand revenue growth. Overall, the sentiment was optimistic, highlighting significant achievements and future growth potential.

Surf Air Mobility Exceeds Q2 2025 Financial Expectations

Surf Air Mobility, Inc. is a regional air mobility platform based in Los Angeles, known for being one of the largest commuter airlines in the U.S. by scheduled departures and the largest passenger operator of Cessna Caravans in the country. The company is also developing an AI-powered airline software operating system and working towards electric powertrain technology certification.