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

• Market Cap: $63.06M
• Dividend Yield: N/A
• Average Volume (3M): 7.76M
• Price to Earnings (P/E): ―
• Beta (1Y): 3.58
• Revenue Growth: 31.17%
• EPS Growth: 83.01%
• Country: US
• Employees: 556
• Sector: Industrials
• Sector Strength: 87
• Industry: Airlines, Airports & Air Services
• EPS (TTM): -1.09
• Shares Outstanding: 19,283,800
• 10 Day Avg. Volume: 22,121,604
• 30 Day Avg. Volume: 7,756,117
• PEG Ratio: -0.06
• Price to Book (P/B): -6.94
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -54.38
• Enterprise Value/Market Cap: 24.64
• Enterprise Value/Revenue: 3.37
• Enterprise Value/Gross Profit: 811.84
• Enterprise Value/Ebitda: -3.02
• 1Y Price Target: $3.50
• Price Target Upside: 7.03% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 56 Neutral
• Price Target: $3.50 ▲(7.03%Upside)

The overall stock score reflects the company's significant financial challenges, but is buoyed by positive technical indicators and strategic initiatives highlighted in the earnings call. The recent stock offering provides a financial cushion but underscores dependence on external capital.

Positive Factors

Product Development

SurfOS, an AI-enabled operating system powered by Palantir’s Foundry platform, aims to drive efficiency in the Regional Air Mobility industry.

Profitability Improvements

Surf Air Mobility reported its first quarterly GAAP net profit since going public, attributed to removing unprofitable routes and better performance in the On-Demand flight services segment.

Strategic Partnerships

Management is in late-stage discussions with a potential partner for the Cessna Grand Caravan electric/hybrid powertrain program, which could be a major catalyst for the stock.

Negative Factors

Capital Constraints

Surf Air Mobility remains capital-constrained with limited cash and a high average quarterly cash burn rate.

Cash Flow Concerns

The company may need to raise more capital in the near future due to its 2025 capital requirements.

Revenue Challenges

Surf Air Mobility reported a revenue decrease of 23% compared to the previous year, primarily due to efforts to eliminate unprofitable routes.

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, Inc. generates revenue primarily through its regional air travel services, offering flights to various destinations with a focus on short-haul and commuter routes. The company's revenue model includes ticket sales to passengers and potentially subscription-based travel services. Additionally, Surf Air Mobility may engage in strategic partnerships with aircraft manufacturers, technology providers, and regional airports to enhance its service offerings and operational efficiency. As the company develops and integrates hybrid-electric and fully electric aircraft into its fleet, it aims to capitalize on the growing demand for sustainable aviation, potentially opening up new revenue streams through licensing or technology partnerships.

Surf Air Mobility, Inc. Financial Statement Overview

Summary

Surf Air Mobility, Inc. faces significant financial challenges across all verticals. Consistently negative profitability and high leverage present a risky financial position. While there has been some revenue growth and cash management efforts, the company's overall financial health remains weak, with urgent need for strategic improvements to stabilize and enhance financial performance.

Income Statement

The income statement shows significant challenges with profitability, evident from the consistent negative net income and EBIT margins. Although there was revenue growth in earlier years, recent periods have seen a decline. Margins remain poor, with gross profit margin turning positive only in the latest TTM data. Despite these setbacks, the company's ability to increase revenue over some periods is a positive indicator.

Balance Sheet

The balance sheet reflects a high-risk profile with negative stockholders' equity and increasing total liabilities. The debt-to-equity ratio is concerning due to negative equity, indicating financial instability. However, the company has managed to maintain some level of cash and equivalents, which is a minor positive amidst the otherwise weak balance sheet.

Cash Flow

Cash flow statements reveal ongoing operational challenges, with negative operating and free cash flows throughout the periods. The cash flow from financing activities has been positive, suggesting reliance on external financing. The lack of positive operating cash flow to net income ratio highlights inefficiencies in converting revenue into cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	112.31M	119.42M	60.51M	100.61M	11.80M	7.50M
Gross Profit	1.91M	9.49M	-5.17M	6.19M	-3.75M	-3.53M
EBITDA	-45.14M	-58.24M	-247.27M	-72.74M	-32.59M	-19.04M
Net Income	-56.41M	-74.91M	-250.70M	-117.15M	-35.78M	-23.44M
Balance Sheet
Total Assets	105.27M	124.06M	110.99M	13.70M	7.56M	11.71M
Cash, Cash Equivalents and Short-Term Investments	6.63M	21.11M	1.72M	6.00K	719.00K	7.40M
Total Debt	24.73M	92.49M	47.45M	30.25M	23.47M	20.39M
Total Liabilities	240.91M	244.06M	188.47M	235.79M	180.58M	153.25M
Stockholders Equity	-135.64M	-120.00M	-77.48M	-222.09M	-173.03M	-141.54M
Cash Flow
Free Cash Flow	-70.16M	-66.08M	-72.15M	-28.34M	-24.19M	-9.03M
Operating Cash Flow	-57.32M	-54.32M	-64.37M	-28.04M	-23.93M	-8.73M
Investing Cash Flow	-2.08M	-3.61M	-7.10M	-298.00K	-261.00K	302.00K
Financing Cash Flow	64.60M	77.17M	72.99M	27.67M	18.25M	14.18M

Surf Air Mobility, Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.27
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SRFM, the sentiment is Positive. The current price of 3.27 is above the 20-day moving average (MA) of 2.43, above the 50-day MA of 2.49, and above the 200-day MA of 2.97, indicating a bullish trend. The MACD of 0.12 indicates Negative momentum. The RSI at 58.94 is Neutral, neither overbought nor oversold. The STOCH value of 34.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SRFM.

Surf Air Mobility, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	70 Neutral	¥168.45B	10.64	4.42%	3.20%	5.63%	-31.54%
BLDE	58 Neutral	$334.60M	―	-11.64%	―	8.67%	49.62%
SRFM	56 Neutral	$63.06M	―	138.02%	―	31.17%	83.01%
MESA	51 Neutral	$39.70M	―	-472.57%	―	-11.55%	-76.38%
UP	47 Neutral	$859.62M	―	-2416.94%	―	-29.68%	95.14%
FLYX	47 Neutral	$176.29M	28.86	26.01%	―	―	―
SOAR	38 Underperform	$2.68M	―	-398.23%	―	-4.90%	81.88%

Surf Air Mobility, Inc. Corporate Events

Surf Air Mobility Approves Key Proposals at Annual Meeting

On June 26, 2025, Surf Air Mobility Inc. held its Annual Meeting where stockholders approved several key proposals, including the election of Class B directors and the ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025. Additionally, stockholders approved an amendment to the company’s certificate of incorporation to implement a reverse stock split and an increase in the share reserve under the Amended and Restated 2023 Equity Incentive Plan by 3,500,000 shares. These decisions are set to impact the company’s governance and financial structuring, potentially influencing its market position and shareholder value.

The most recent analyst rating on (SRFM) stock is a Buy with a $12.00 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 Announces $27 Million Stock Offering

On June 25, 2025, Surf Air Mobility, Inc. entered into a securities purchase agreement with certain investors for a registered direct offering of 10,800,002 shares of common stock at $2.50 per share, including pre-funded warrants to purchase up to 926,668 shares. The offering closed on June 26, 2025, generating approximately $27 million in gross proceeds. The company issued warrants to H.C. Wainwright & Co., LLC, the placement agent, to purchase up to 540,000 shares at $3.125 per share. During a restricted period of 60 days following the closing date, the company agreed not to sell or dispose of any additional shares. This offering is part of the company’s strategy to strengthen its financial position and enhance its market presence.

The most recent analyst rating on (SRFM) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on Surf Air Mobility, Inc. stock, see the SRFM Stock Forecast page.