Surf Air Mobility
Runs regional scheduled and charter flights while developing aviation software and electric propulsion systems.
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Profile
Combines a regional scheduled and on-demand flight network with commuter-airline operations, aviation software, and electric or hybrid-electric propulsion development. Southern Airways' acquisition shaped the current business structure.
Scheduled commuter flights and on-demand charter flights form the operating base for regional business and leisure travelers, combining Surf Air's technology-enabled flight network with Southern Airways' commuter-airline operation. Aviation software and work on fully electric and hybrid-electric powertrains extend the platform beyond flight operations. The combined network supports a nationwide US regional-air-mobility platform.
Electrification development depends on commercial partners for propulsion systems and on financing and services infrastructure intended to support industry adoption. Southern Airways' acquisition and the NYSE listing shaped the present business structure. Deanna White serves as chief executive and chief operating officer.
Company facts
Categories
Key statistics
Year to date −70.1% · Average volume (30d) 2.0M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior target | Target |
|---|---|---|---|---|
| May 13, 2026 | Canaccord Genuity | Target | $2.20 | $1.50 |
| May 1, 2026 | Industrial Alliance Securities | Target | $2.75 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 10, 2026Q2 FY26 | −$0.17 | −$0.29 | −74.7% | $28.2M | $29.5M | +4.5% | −5.95% |
| May 11, 2026Q1 FY26 | −$0.39 | −$0.28 | +28.2% | $25.5M | $25.6M | +0.3% | −7.41% |
| Mar 12, 2026Q4 FY25 | −$0.30 | −$0.16 | +46.7% | $26.2M | $26.4M | +0.7% | −22.34% |
| Nov 12, 2025Q3 FY25 | −$0.61 | −$0.64 | −4.9% | $26.2M | $29.2M | +11.3% | −8.50% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $23.5M | $27.4M | $29.2M | $26.4M | $25.6M | $29.5M | |
| Gross profit | −$1.2M | $3.4M | $1.5M | $498.0K | −$2.9M | $62.0K | |
| Operating income | −$18.6M | −$15.9M | −$16.5M | −$25.9M | −$13.4M | −$18.8M | |
| Net income | −$18.5M | −$28.0M | −$27.2M | −$36.9M | −$20.3M | −$28.1M | |
| Diluted EPS | −$1.09 | −$1.34 | −$0.64 | −$0.95 | −$0.26 | −$0.29 | |
| Gross margin | -5.1% | 12.3% | 5.2% | 1.9% | -11.3% | 0.2% | |
| Operating margin | -79.0% | -58.1% | -56.6% | -97.8% | -52.1% | -63.7% |
Fiscal years (4-quarter sums)FY22 $100.6M · FY23 $60.5M · FY24 $119.4M · FY25 $106.6M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $18.4M · Total debt $90.0M · Total assets $140.7M · Shareholders' equity −$42.5M
Dividends
No dividends on record.
Ownership
Shares outstanding 110.99M · Float 84.79M · 76.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Palantir Technologies Inc. | 8.25M | 7.40% | 13G | Jul 1, 2026 |
| Hudson Bay Capital Management LP | 7.78M | 9.99% | 13G | Feb 10, 2026 |
| Citadel Advisors LLC | 6.90M | 7.10% | 13G | Apr 28, 2026 |
| Liam Fayed | 6.66M | 9.99% | 13G | Feb 25, 2026 |
| Park Lane Investments, LLC | 6.37M | 9.99% | 13G | Nov 20, 2025 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 8, 2026 | Oliver Reeves | officer: Chief Financial Officer | −76,569 | $1.31 |
| May 8, 2026 | Deanna Leigh White | officer: Chief Executive Officer | −56,884 | $1.31 |
| Apr 16, 2026 | Oliver Reeves | officer: Chief Financial Officer | −14,437 | $1.31 |
| Apr 16, 2026 | Deanna Leigh White | officer: Chief Executive Officer | −13,860 | $1.31 |
Peers
- SkyWest
Large regional airline and on-demand charter operator
- Wheels Up Experience
On-demand private aviation and aircraft-charter services
- Joby Aviation
Electric air-taxi service for short regional passenger trips
- Archer Aviation
Electric air-taxi aircraft for passenger-service launches
- Eve
eVTOL aircraft, support, and urban-air-mobility systems
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Surf Air Mobility | $0.7190 | +0.55% | $79.7M | — | — | 0.7 | +7.6% |
| SkyWest | $98.87 | −0.08% | $3.92B | 9.8 | 8.5 | 0.9 | +6.5% |
| Wheels Up Experience | $4.89 | +0.20% | $177.3M | — | — | 0.2 | −4.0% |
| Joby Aviation | $7.01 | +0.57% | $6.87B | — | — | 59.0 | +257,493.3% |
| Archer Aviation | $5.75 | 0.00% | $4.37B | — | — | 633.0 | — |
| Eve | $2.29 | −0.85% | $804.6M | — | — | — | — |
| Median | 9.8 | 8.5 | 30.0 | +6.5% |