# Surf Air Mobility Inc.: overview

SRFM · NYSE · CIK 1936224 · [Industrials](/sectors/industrials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/srfm.md) · [Financials](/companies/srfm/financials.md) · [Filings](/companies/srfm/filings.md) · [Insiders](/companies/srfm/insiders.md)

Latest reported revenue: [$29.5m](/filings/0001193125-26-342741.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 10, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax, accession 0001193125-26-342741).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [28.4](/filings/0001193125-25-277860.md) | [28.0 d](/filings/0001193125-26-104468.md) | [23.5](/filings/0001193125-26-216903.md) | [27.4](/filings/0001193125-26-342741.md) | [29.2](/filings/0001193125-25-277860.md) | [26.4 d](/filings/0001193125-26-104468.md) | [25.6](/filings/0001193125-26-216903.md) | [29.5](/filings/0001193125-26-342741.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(30.4%)](/filings/0001193125-25-277860.md) | [28.9% d](/filings/0001193125-26-104468.md) | [(79.0%)](/filings/0001193125-26-216903.md) | [(58.1%)](/filings/0001193125-26-342741.md) | [(56.6%)](/filings/0001193125-25-277860.md) | [(97.8%) d](/filings/0001193125-26-104468.md) | [(52.1%)](/filings/0001193125-26-216903.md) | [(63.7%)](/filings/0001193125-26-342741.md) |
| Net margin | % | [(43.1%)](/filings/0001193125-25-277860.md) | [4.5% d](/filings/0001193125-26-104468.md) | [(78.6%)](/filings/0001193125-26-216903.md) | [(102.1%)](/filings/0001193125-26-342741.md) | [(93.3%)](/filings/0001193125-25-277860.md) | [(139.4%) d](/filings/0001193125-26-104468.md) | [(79.1%)](/filings/0001193125-26-216903.md) | [(95.3%)](/filings/0001193125-26-342741.md) |
| Diluted EPS | $ per share | [(0.94)](/filings/0001193125-25-277860.md) | not reported | [(1.09)](/filings/0001193125-26-216903.md) | [(1.34)](/filings/0001193125-26-342741.md) | [(0.64)](/filings/0001193125-25-277860.md) | not reported | [(0.26)](/filings/0001193125-26-216903.md) | [(0.29)](/filings/0001193125-26-342741.md) |
| Free cash flow | $m | [(13.6) d](/filings/0001193125-25-277860.md) | [(32.7) d](/filings/0001193125-26-104468.md) | [(17.1)](/filings/0001193125-26-216903.md) | [(11.9) d](/filings/0001193125-26-342741.md) | [(21.1) d](/filings/0001193125-25-277860.md) | [(20.1) d](/filings/0001193125-26-104468.md) | [(15.0)](/filings/0001193125-26-216903.md) | [(8.0) d](/filings/0001193125-26-342741.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: |
| Revenue | $m | [20.3](/filings/0000950170-24-038767.md) | [60.5](/filings/0000950170-25-043326.md) | [119](/filings/0001193125-26-104468.md) | [107](/filings/0001193125-26-104468.md) |
| Gross margin | % | not reported | not reported | not reported | not reported |
| Operating margin | % | [(251.1%)](/filings/0000950170-24-038767.md) | [(325.2%)](/filings/0000950170-25-043326.md) | [(50.5%)](/filings/0001193125-26-104468.md) | [(72.1%)](/filings/0001193125-26-104468.md) |
| Net margin | % | [(366.8%)](/filings/0000950170-24-038767.md) | [(414.3%)](/filings/0000950170-25-043326.md) | [(62.7%)](/filings/0001193125-26-104468.md) | [(103.8%)](/filings/0001193125-26-104468.md) |
| Diluted EPS | $ per share | [(5.51)](/filings/0000950170-24-038767.md) | [(44.46)](/filings/0000950170-25-043326.md) | [(5.80)](/filings/0001193125-26-104468.md) | [(3.15)](/filings/0001193125-26-104468.md) |
| Free cash flow | $m | [(28.1)](/filings/0000950170-24-038767.md) | [(72.0)](/filings/0000950170-25-043326.md) | [(66.1)](/filings/0001193125-26-104468.md) | [(70.1)](/filings/0001193125-26-104468.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/srfm/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [CITADEL ADVISORS LLC](/funds/1423053.md) | 2026-06-30 | $8.6m | 7,380,092 |  | New +7,380,092 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $5.2m | 4,440,661 |  | Added +1,950,279 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $1.1m | 981,575 |  | Added +419,472 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $864.8k | 745,474 |  | Added +148,653 |
| [UBS Group AG](/funds/1610520.md) | 2026-06-30 | $745.1k | 642,364 |  | Reduced −380,344 |
| [VANGUARD FIDUCIARY TRUST CO](/funds/933478.md) | 2026-06-30 | $607.5k | 523,747 |  | Added +221,809 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $595.9k | 513,701 |  | Added +239,500 |
| [CITIGROUP INC](/funds/831001.md) | 2026-06-30 | $533.1k | 459,568 |  | New +459,568 |
| [Balefire, LLC](/funds/1750924.md) | 2026-06-30 | $376.2k | 324,331 |  | Reduced −2,500 |
| [Rathbones Group PLC](/funds/1351991.md) | 2026-06-30 | $371.0k | 319,826 |  | Reduced −2,500 |

## Recent filings

[All 325 filings](/companies/srfm/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-30 | 12:53 ET | [8-K](/filings/0001936224-26-000014.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001936224-26-000014 |
| 2026-09-28 | 21:28 ET | [8-K](/filings/0001936224-26-000010.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001936224-26-000010 |
| 2026-08-11 | 13:01 ET | [8-K](/filings/0001193125-26-343559.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001193125-26-343559 |
| 2026-08-10 | 21:29 ET | [10-Q](/filings/0001193125-26-342741.md) | Quarterly report, period 2026-06-30 | 0001193125-26-342741 |
| 2026-08-10 | 20:19 ET | [8-K](/filings/0001193125-26-342443.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-342443 |
| 2026-07-24 | 21:25 ET | [8-K](/filings/0001193125-26-316275.md) | 3.01 Delisting notice; 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001193125-26-316275 |
| 2026-07-02 | 12:00 ET | [8-K](/filings/0001193125-26-293482.md) | 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-293482 |
| 2026-07-01 | 12:56 ET | [8-K](/filings/0001193125-26-291660.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 3.02 Unregistered sale of equity; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-291660 |
| 2026-06-26 | 20:26 ET | [8-K](/filings/0001193125-26-285548.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-285548 |
| 2026-06-25 | 12:19 ET | [8-K](/filings/0001193125-26-281901.md) | 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-281901 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001193125-26-104468.md), filed Mar 12, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/f3316223-103c-4467-a62d-1ffd04c57d7f)

## About the filer

- CIK: 1936224
- Tickers: SRFM
- Exchange: NYSE
- SIC code: 4522 Air Transportation, Nonscheduled
- State of incorporation: DE
- Filer category: <br>Emerging growth company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:50 ET. No prices; not investment advice.