📊 SRFM Key Takeaways
Is Surf Air Mobility Inc.. (SRFM) a Good Investment?
Surf Air is a fundamentally broken business with negative stockholders equity (-$63.2M), severe liquidity crisis (0.16x current ratio), and catastrophic profitability (-79.1% net margin). Declining revenue (-10.8% YoY) combined with massive free cash flow burn (-$15.0M annually) against only $4.2M in cash creates imminent solvency risk.
Surf Air Mobility Inc.. Key Strengths (SRFM)
- Reported $120.8M in total assets provides some liquidation value cushion
- 12 Form 4 insider filings in 90 days may indicate management conviction, though in this context is concerning
- Non-scheduled air transport sector has addressable market if business model were viable
SRFM Stock Risks: Surf Air Mobility Inc.. Investment Risks
- Negative stockholders equity of -$63.2M represents technical insolvency; liabilities exceed assets by $56.6M
- Critical liquidity crisis: 0.16x current ratio with only $4.2M cash against significant operating burn rate
- Operating model fundamentally broken: -52.1% operating margin, -79.1% net margin, deteriorating profitability (-47.6% YoY)
- Negative free cash flow of -$15.0M annually with negative operating cash flow indicates unsustainable trajectory
- Revenue declining -10.8% YoY combined with negative leverage creates compounding financial distress
- Negative interest coverage ratio (-3.7x) indicates inability to service debt from operations
- Imminent dilution risk requiring capital raise or debt restructuring/bankruptcy
- Unable to invest in aircraft or operations given cash constraints
Key Metrics to Watch
- Cash runway and monthly burn rate - critical for bankruptcy risk assessment
- Revenue stabilization or continued decline - key to survival timeline
- Debt covenant compliance and refinancing options
- Capital raise announcements and resulting dilution percentage
Surf Air Mobility Inc.. (SRFM) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
SRFM Profit Margin, ROE & Profitability Analysis
SRFM vs Transportation Sector: How Surf Air Mobility Inc.. Compares
How Surf Air Mobility Inc.. compares to Transportation sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Surf Air Mobility Inc.. Stock Overvalued? SRFM Valuation Analysis 2026
Based on fundamental analysis, Surf Air Mobility Inc.. has mixed fundamental signals relative to the Transportation sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Surf Air Mobility Inc.. Balance Sheet: SRFM Debt, Cash & Liquidity
SRFM Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Surf Air Mobility Inc..'s revenue has grown significantly by 97% over the 5-year period, indicating strong business expansion. The most recent EPS of $-5.80 indicates the company is currently unprofitable.
SRFM Revenue Growth, EPS Growth & YoY Performance
SRFM Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $23.5M | -$18.5M | $-0.26 |
| Q3 2025 | $28.4M | -$12.2M | $-0.64 |
| Q2 2025 | $27.4M | -$27.0M | $-1.34 |
| Q1 2025 | $23.5M | -$18.5M | $-1.09 |
| Q3 2024 | $22.0M | -$12.2M | $-0.94 |
| Q2 2024 | $6.2M | -$27.0M | $-0.33 |
| Q1 2024 | $5.5M | -$20.6M | $-0.48 |
| Q3 2023 | $5.1M | -$21.1M | $-1.36 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Surf Air Mobility Inc.. Dividends, Buybacks & Capital Allocation
SRFM SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Surf Air Mobility Inc.. (CIK: 0001936224)
📋 Recent SEC Filings
❓ Frequently Asked Questions about SRFM
What is the AI rating for SRFM?
Surf Air Mobility Inc.. (SRFM) has an AI grade of D with 97% confidence, based on fundamental analysis of SEC EDGAR filings.
What are SRFM's key strengths?
Claude: Reported $120.8M in total assets provides some liquidation value cushion. 12 Form 4 insider filings in 90 days may indicate management conviction, though in this context is concerning.
What are the risks of investing in SRFM?
Claude: Negative stockholders equity of -$63.2M represents technical insolvency; liabilities exceed assets by $56.6M. Critical liquidity crisis: 0.16x current ratio with only $4.2M cash against significant operating burn rate.
What is SRFM's revenue and growth?
Surf Air Mobility Inc.. reported revenue of $25.6M.
Does SRFM pay dividends?
Surf Air Mobility Inc.. does not currently pay dividends.
Where can I find SRFM SEC filings?
Official SEC filings for Surf Air Mobility Inc.. (CIK: 0001936224) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is SRFM's EPS?
Surf Air Mobility Inc.. has a diluted EPS of $-0.26.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is SRFM's fundamental grade?
Based on our AI fundamental analysis in June 2026, Surf Air Mobility Inc.. has a D grade with 97% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is SRFM stock overvalued or undervalued?
Valuation metrics for SRFM: ROE of N/A (sector avg: 18%), net margin of -79.1% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.
What is SRFM's AI grade for 2026?
Our dual AI analysis gives Surf Air Mobility Inc.. a combined D grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is SRFM's free cash flow?
Surf Air Mobility Inc..'s operating cash flow is $-12.3M, with capital expenditures of $2.8M. FCF margin is -58.6%.
How does SRFM compare to other Transportation stocks?
Vs Transportation sector averages: Net margin -79.1% (avg: 10%), ROE N/A (avg: 18%), current ratio 0.16 (avg: 1).