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Surf Air Mobility Inc.. (SRFM) Stock Fundamental Analysis & AI Rating 2026

SRFM NYSE Air Transportation, Nonscheduled DE CIK: 0001936224
Recently Updated • Analysis: Apr 16, 2026 • SEC Data: 2025-12-31
STRONG SELL
98% Conf
Pending
Analysis scheduled

📊 SRFM Key Takeaways

Revenue: $106.6M
Net Margin: -103.8%
Free Cash Flow: $-70.1M
Current Ratio: 0.23x
Debt/Equity: N/A
EPS: $-3.15
AI Rating: STRONG SELL with 98% confidence
Surf Air Mobility Inc.. (SRFM) receives a STRONG SELL rating with 98% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $106.6M, net profit margin of -103.8%, Surf Air Mobility Inc.. demonstrates mixed fundamentals in the Transportation sector. Below is our complete SRFM stock analysis for 2026.

Is Surf Air Mobility Inc.. (SRFM) a Good Investment?

Claude

SRFM exhibits severe financial distress with negative stockholders' equity (-$54.9M), critical liquidity crisis (0.23x current ratio, only $12.7M cash), and unsustainable annual cash burn of $70.1M. Declining revenue (-10.8% YoY), deeply negative operating margin (-72.1%), and liabilities exceeding assets by $54.9M indicate fundamental business model failure with imminent bankruptcy risk.

Why Buy Surf Air Mobility Inc.. Stock? SRFM Key Strengths

Claude
  • + Company maintains operational revenue base of $106.6M demonstrating some market demand
  • + Modest long-term debt of $17.1M limits creditor obligations relative to asset base
  • + Company has not yet ceased operations or filed for bankruptcy protection

SRFM Stock Risks: Surf Air Mobility Inc.. Investment Risks

Claude
  • ! Negative stockholders' equity of -$54.9M indicates technical insolvency on balance sheet
  • ! Critical liquidity crisis with 0.23x current ratio and only $12.7M cash remaining against $186.5M total liabilities; less than 3 months of runway at current burn rate
  • ! Annual free cash flow burn of -$70.1M is unsustainable and accelerating financial deterioration
  • ! Declining revenue (-10.8% YoY) combined with -103.8% net margin indicates fundamental business model failure
  • ! Operating margin of -72.1% shows costs are nearly 1.75x revenue; no clear cost reduction path evident
  • ! Operating cash flow of -$64.2M reflects inability to generate cash from core business

Key Metrics to Watch

Claude
  • * Monthly cash burn rate and remaining cash runway to bankruptcy threshold
  • * Quarterly revenue trends and customer retention/churn rates
  • * Cost structure reduction initiatives and timeline to operating profitability
  • * Capital raising ability and debt refinancing options in distressed position
  • * Balance sheet restructuring or bankruptcy filing announcement risk

Surf Air Mobility Inc.. (SRFM) Financial Metrics & Key Ratios

Revenue
$106.6M
Net Income
$-110.6M
EPS (Diluted)
$-3.15
Free Cash Flow
$-70.1M
Total Assets
$131.7M
Cash Position
$12.7M

💡 AI Analyst Insight

The current ratio below 1.0x warrants monitoring of short-term liquidity.

SRFM Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin -72.1%
Net Margin -103.8%
ROE N/A
ROA -84.0%
FCF Margin -65.8%

SRFM vs Transportation Sector: How Surf Air Mobility Inc.. Compares

How Surf Air Mobility Inc.. compares to Transportation sector averages

Net Margin
SRFM -103.8%
vs
Sector Avg 10.0%
SRFM Sector
ROE
SRFM 0.0%
vs
Sector Avg 18.0%
SRFM Sector
Current Ratio
SRFM 0.2x
vs
Sector Avg 1.0x
SRFM Sector
Debt/Equity
SRFM 0.0x
vs
Sector Avg 1.0x
SRFM Sector

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.

Return on Equity
N/A
Sector avg: 18%
Net Profit Margin
-103.8%
Sector avg: 10%
Revenue Growth
N/A
Year-over-year
Debt/Equity
N/A
Sector avg: 1x

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

Current Ratio
0.23x
Quick Ratio
0.23x
Debt/Equity
N/A
Debt/Assets
141.7%
Interest Coverage
-21.46x
Long-term Debt
$17.1M

SRFM Revenue & Earnings Growth: 5-Year Financial Trend

SRFM 5-year financial data: Year 2023: Revenue $60.5M, Net Income -$74.4M, EPS $-5.51. Year 2024: Revenue $119.4M, Net Income -$250.7M, EPS $-44.46. Year 2025: Revenue $119.4M, Net Income -$74.9M, EPS $-5.80.
Revenue
Net Income
EPS (right axis)

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

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-65.8%
Free cash flow / Revenue

SRFM Quarterly Earnings & Performance

Quarterly financial performance data for Surf Air Mobility Inc.. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
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
Q2 2023 $4.5M -$18.8M $-1.40

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Surf Air Mobility Inc.. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$64.2M
Cash generated from operations
Capital Expenditures
$5.9M
Investment in assets
Dividends
None
No dividend program

SRFM SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Surf Air Mobility Inc.. (CIK: 0001936224)

📋 Recent SEC Filings

Date Form Document Action
Apr 14, 2026 4 xslF345X06/ownership.xml View →
Apr 14, 2026 4 xslF345X06/ownership.xml View →
Mar 12, 2026 10-K srfm-20251231.htm View →
Mar 12, 2026 8-K srfm-20260312.htm View →
Jan 2, 2026 4 xslF345X05/ownership.xml View →

Frequently Asked Questions about SRFM

What is the AI rating for SRFM?

Surf Air Mobility Inc.. (SRFM) has an AI rating of STRONG SELL with 98% confidence, based on fundamental analysis of SEC EDGAR filings.

What are SRFM's key strengths?

Claude: Company maintains operational revenue base of $106.6M demonstrating some market demand. Modest long-term debt of $17.1M limits creditor obligations relative to asset base.

What are the risks of investing in SRFM?

Claude: Negative stockholders' equity of -$54.9M indicates technical insolvency on balance sheet. Critical liquidity crisis with 0.23x current ratio and only $12.7M cash remaining against $186.5M total liabilities; less than 3 months of runway at current burn rate.

What is SRFM's revenue and growth?

Surf Air Mobility Inc.. reported revenue of $106.6M.

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 $-3.15.

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 rating reflects both perspectives for balanced insights.

Is SRFM a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Surf Air Mobility Inc.. has a STRONG SELL rating with 98% confidence. Review the strengths and risks sections above before making a decision. 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 -103.8% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.

Should I buy SRFM stock in 2026?

Our dual AI analysis gives Surf Air Mobility Inc.. a combined STRONG SELL rating 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 $-64.2M, with capital expenditures of $5.9M. FCF margin is -65.8%.

How does SRFM compare to other Transportation stocks?

Vs Transportation sector averages: Net margin -103.8% (avg: 10%), ROE N/A (avg: 18%), current ratio 0.23 (avg: 1).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 16, 2026 | Data as of: 2025-12-31 | Powered by Claude AI