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Companies / Industrials / Surf Air Mobility Inc.
SRFM

Surf Air Mobility Inc.

IndustrialsAir Transportation
Ticker SRFMADDISON, TXFiscal year ends DecemberBook value per share $-0.45Diluted shares 100.3M

Surf Air Mobility Inc. (NYSE: SRFM) operates a regional air mobility platform that combines scheduled airline service, an on-demand charter marketplace and developing aviation technology. Its airline operations serve passengers across the U.S. mainland and Hawaii, including small communities on routes supported by… From the company’s description.

Over the twelve months to Sep 30, 2026, Surf Air Mobility Inc. reported revenue of $118.03M, up 9.1% from a year earlier, and a net loss of $105.64M. Its operating margin was −62.7%, and operations used $52.98M in cash. In fiscal 2025, it reported revenue of $106.56M, down 10.8% from fiscal 2024, and a net loss of $110.56M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$106.56MFY2025
−10.8% year over year
Last 12 mo $118.03M
-72.14%FY2025
−21.7 percentage points
Last 12 mo -62.69%
$-110.56MFY2025
−47.6% year over year
Last 12 mo $-105.64M
201.53%FY2025
+139.1 percentage points
Last 12 mo 232.38%
Cash & financing
$-64.16MFY2025
−18.1% year over year
Last 12 mo $-52.98M
$-72.55MFY2025
−6.0% year over year
Last 12 mo $-70.10M
-1.56FY2025
Was -0.59× a year earlier
Last 12 mo -1.65
35.1MFY2025
+171.9% year over year
Last 12 mo 100.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Surf Air Mobility Inc. does

In the company’s own words

Surf Air Mobility Inc. (NYSE: SRFM) operates a regional air mobility platform that combines scheduled airline service, an on-demand charter marketplace and developing aviation technology. Its airline operations serve passengers across the U.S. mainland and Hawaii, including small communities on routes supported by federal Essential Air Service contracts; charter flights are arranged through a network of third-party operators. The company is also developing SurfOS, an AI-enhanced aviation software platform, and electric and hybrid-electric aircraft powertrain technology for its own operations and potential use by other operators. Its business comprises Air Mobility, covering scheduled and on-demand services, and Air Technology, focused on software and electrification. In 2025, it served more than 300,000 passengers and operated approximately 62,000 scheduled departures; it had 573 employees at year-end. Its airline brands include Southern Airways and Mokulele Airlines, and it acquired Southern Airways in 2023, combining its network with Surf Air’s earlier regional air travel business. Its website is www.surfair.com.

Company details
Sector
Industrials
Industry (SIC)
Air Transportation
Headquarters
ADDISON, TX
Fiscal year end
December
CIK
1936224
SIC
4522

Financial performance, year by year

Fiscal 2023–2025 · USD
$-287.71M$-176.67M$-65.64M$45.40M$156.44M202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Surf Air Mobility Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

12
funds hold it
0 of 35
superinvestors hold it
$6.17M
held by funds, at market
3.9%
of shares held by funds

Largest fund holders · Surf Air Mobility Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
—of fund net assets
iShares Micro-Cap ETF
IWC · iShares Trust
0.02%of fund net assets
Ultra-Small Company Market Fund
BRSIX · Bridgeway Funds, Inc.
0.09%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Surf Air Mobility Inc. and its peers compare on margins and cash generation over ten years?”
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