Stocks · Industrials · Airlines, Airports & Air Services
Surf Air Mobility Inc. SRFM
$0.97 -13.98% Close, Oct 2, 2026 · NYSE · Market cap $107.9M
Strong growthWeak trendExpensive vs sectorHigh risk
Next earnings report: Nov 11, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Operating margin narrowed to -67.3% from -32.6% a year earlier.
- The diluted share count rose 370.7% in a year.
- Over the past year the stock returned -78.3%, behind the S&P 500 by 93.4 percentage points.
PromtFinance scores
Each score is a percentile within the Industrials sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 29%
- Revenue growth, 3-year CAGRTop 2%
- Revenue growth accelerationTop 15%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 1%
- Gross marginBottom 4%
- Operating marginBottom 7%
- Accruals (lower is better)Top 1%
- Interest coverBottom 11%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 1%
- Free-cash-flow yieldBottom 3%
- EBITDA / enterprise valueBottom 3%
- Sales / enterprise valueTop 39%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 1%
- 6-month returnBottom 24%
- 1-year return vs S&P 500Bottom 2%
- Distance from 52-week highBottom 2%
- Trend checklist (0–4)Top 42%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 31%
- Consecutive EPS beatsBottom 16%
- Share of analysts rating BuyBottom 16%
- Upside to consensus price targetTop 10%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 3%
- Maximum drawdown, 3 yearsBottom 2%
- Beta vs S&P 500 (lower is better)Bottom 1%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | -3.2% | 3.1% | ↑ |
| Gross margin | 2.5% | -0.7% | ↓ |
| Operating margin | -32.6% | -67.3% | ↓ |
| FCF margin | -71.7% | -59.8% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 3.1% | -3.2% | ↑ | Bottom 29% |
| Gross margin | -0.7% | 2.5% | ↓ | Bottom 4% |
| Operating margin | -67.3% | -32.6% | ↓ | Bottom 7% |
| Net margin | -101.6% | -53.5% | ↓ | — |
| Free-cash-flow margin | -59.8% | -71.7% | ↑ | — |
| Return on invested capital | -152.0% | — | Bottom 1% | |
| Revenue growth, 3-year CAGR | 73.9% | — | Top 2% |
Quality of earnings and balance sheet
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -43.6%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 7.7%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -13.1 pp
- Interest cover (operating income / interest)How many times operating profit covers interest.
- -9.3×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- -55.97%
- Shareholder yield
- -55.97%
- Share count change, 1 year
- +370.7%
- Share count change, 3-year CAGR
- +114.4%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 10, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 4 of 8
- Average EPS surprise, last 4
- -1.2%
- Average 2-day reaction, last 8
- -2.1%
- Positive 20 days after report
- 1 of 8
Analysts
- Consensus price target
- $2.13
- Target vs current price
- +119.1%
- Analysts with a rating
- 3
- Share rating Buy or Strong Buy
- 33%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 10, 2026 | -74.7% | -1.4% | -15.9% | -22.4% | — |
| May 11, 2026 | +28.2% | +0.0% | -12.6% | -17.8% | -38.7% |
| Mar 12, 2026 | +46.7% | -5.1% | -29.3% | -41.4% | -44.4% |
| Nov 12, 2025 | -4.9% | -3.3% | -21.7% | -26.3% | -29.6% |
| Aug 12, 2025 | -22.9% | +1.7% | +6.3% | -1.2% | -16.5% |
| May 13, 2025 | -21.3% | +4.7% | -6.2% | -8.4% | +51.8% |
| Mar 18, 2025 | +220.9% | -7.7% | -8.4% | -41.6% | -42.3% |
| Nov 14, 2024 | +10.5% | -6.0% | +12.0% | +108.7% | +176.0% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 10, 2026 | -$0.29 | -$0.17 | -74.7% | $29.5M |
| May 11, 2026 | -$0.28 | -$0.39 | +28.2% | $25.6M |
| Mar 12, 2026 | -$0.16 | -$0.30 | +46.7% | $26.4M |
| Nov 12, 2025 | -$0.64 | -$0.61 | -4.9% | $29.2M |
| Aug 12, 2025 | -$1.34 | -$1.09 | -22.9% | $27.4M |
| May 13, 2025 | -$1.31 | -$1.08 | -21.3% | $23.5M |
| Mar 18, 2025 | $0.81 | -$0.67 | +220.9% | $28.0M |
| Nov 14, 2024 | -$0.94 | -$1.05 | +10.5% | $28.4M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| EV / Sales | 1.62× | — | — | Top 39% |
| Free-cash-flow yield | -61.39% | — | — | Bottom 3% |
| Earnings yield | -220.16% | — | — | Bottom 1% |
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✓ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 9
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -4.8%
- 200-day average slope (20 days)
- -9.4%
- Distance from 50-day average
- +27.5%
- Distance from 200-day average
- -28.1%
- RSI (14)
- 57.8
- Relative volume
- 1.28×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 111.3%
- Volatility vs own 5-year history
- 39th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 3.88
- Correlation with S&P 500
- 0.35
- Current drawdown from 1-year high
- -82.2%
- Maximum drawdown, 3 years
- -96.3%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jul 27, 2023 | Sep 15, 2026 | -97.9% | 786 days | Not yet recovered |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $107.9M
- EPS, diluted (TTM)
- -$2.14
- Revenue (TTM)
- $110.7M
- 52-week range
- $0.46 – $6.17
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $11.8M | $20.3M | $60.5M | $119.4M | $106.6M |
| Gross profit | -$3.7M | -$5.6M | -$5.2M | $9.5M | $4.2M |
| Operating income | -$33.4M | -$50.9M | -$196.8M | -$60.3M | -$76.9M |
| Net income | -$35.8M | -$74.4M | -$250.7M | -$74.9M | -$110.6M |
| EPS (diluted) | -$3.58 | -$7.45 | -$23.04 | -$5.80 | -$3.15 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $28.4M | $28.0M | $23.5M | $27.4M | $29.2M | $26.4M | $25.6M | $29.5M |
| Net income | -$12.2M | $1.3M | -$18.5M | -$28.0M | -$27.2M | -$36.9M | -$20.3M | -$28.1M |
| EPS (diluted) | -$0.94 | $0.07 | -$1.09 | -$1.34 | -$0.64 | -$0.95 | -$0.26 | -$0.29 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | -$23.9M | -$28.0M | -$64.4M | -$54.3M | -$64.2M |
| Capital expenditure | -$261,000 | -$99,000 | -$7.8M | -$14.1M | -$8.4M |
| Free cash flow | -$24.2M | -$28.1M | -$72.1M | -$68.4M | -$72.6M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | $1,000 | $0 | $26.9M | $0 | $52.1M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $18.4M
- Total assets
- $140.7M
- Total liabilities
- $183.2M
- Total debt
- $90.0M
- Net debt
- $71.6M
- Shareholders’ equity
- -$42.5M
As of Jun 30, 2026 (filed Aug 10, 2026).
Short interest
- Shares sold short
- 14,473,682
- Days to cover
- 6.37
- Change vs previous report
- -0.9%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Aug 19, 2024
- 1-for-7