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Surf Air Mobility Inc. engages in the air mobility business in the United States and internationally. Its air mobility platform provides scheduled commercial air service flights; and on-demand flights created for customers on an ad-hoc, by request basis. Surf Air Mobility Inc. was founded in 2011 and is headquartered in Hawthorne, California.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Surf Air Mobility operates regional and membership-based air services and is developing hybrid-electric and electric aircraft solutions aimed at short-haul routes. Long-term growth drivers include rising demand for point-to-point regional travel, a shift toward lower-emission propulsion technologies, and potential first-mover advantages if aircraft certification and scale are achieved.
Key risks are high execution and certification risk for novel propulsion and aircraft programs, substantial capital requirements and cash burn while scaling operations, regulatory and safety hurdles, and strong competition from established regional carriers and other advanced air mobility entrants.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | -110.94M | -75.19M | -254.00M | -125.74M | -35.78M |
| Minority interest | - | - | - | 0.68M | - |
| Net income | -110.56M | -74.91M | -250.70M | -117.15M | -35.78M |
| Selling general administrative | 53.28M | 29.85M | 100.67M | 89.59M | 22.86M |
| Selling and marketing expenses | 8.18M | 7.51M | 10.03M | 5.80M | 3.77M |
| Gross profit | 4.18M | 9.49M | -5.17M | 6.19M | -3.75M |
| Reconciled depreciation | 9.29M | 8.34M | 2.13M | 1.03M | 1.05M |
| Ebit | -97.73M | -66.58M | -251.03M | -95.76M | -34.26M |
| Ebitda | -88.44M | -58.24M | -247.27M | -94.73M | -33.21M |
| Depreciation and amortization | 9.29M | 8.34M | 3.76M | 1.03M | 1.05M |
| Operating income | -76.87M | -60.26M | -196.77M | -110.68M | -33.35M |
| Other operating expenses | 183.43M | 179.68M | 257.27M | 195.67M | 45.15M |
| Interest expense | 13.21M | 8.62M | 2.97M | 3.25M | 2.14M |
| Tax provision | -0.38M | -0.29M | -11.49M | -7.92M | 0.00M |
| Net interest income | -13.21M | -8.62M | -4.35M | -3.25M | -2.14M |
| Income tax expense | -0.38M | -0.29M | -3.30M | -7.92M | 1.23M |
| Total revenue | 106.56M | 119.42M | 60.51M | 100.61M | 11.80M |
| Total operating expenses | 81.06M | 69.75M | 191.59M | 101.25M | 29.60M |
| Cost of revenue | 102.38M | 109.93M | 65.68M | 94.42M | 15.55M |
| Total other income expense net | -34.06M | -14.94M | -57.23M | -27.44M | -0.29M |
| Net income from continuing ops | -110.56M | -74.91M | -207.99M | -117.83M | -35.78M |
| Net income applicable to common shares | - | - | - | -74.36M | -35.78M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 131.68M | 124.06M | 110.99M | 13.70M | 7.56M |
| Intangible assets | 20.07M | 23.12M | 28.49M | 1.29M | 1.94M |
| Other current assets | 14.32M | 8.47M | 11.05M | 7.75M | 1.20M |
| Total liab | 186.54M | 244.06M | 188.47M | 235.79M | 180.58M |
| Total stockholder equity | -54.86M | -120.00M | -77.48M | -222.09M | -173.03M |
| Other current liab | 48.35M | 33.74M | 74.39M | 19.84M | 13.31M |
| Common stock | 0.01M | 0.00M | 0.00M | 0.28M | 0.19M |
| Capital stock | 0.01M | 0.00M | 0.01M | 3.69M | 3.48M |
| Retained earnings | -788.00M | -677.44M | -602.53M | -351.84M | -277.48M |
| Other liab | - | - | - | 9.76M | 5.91M |
| Good will | - | - | 0.00M | - | - |
| Cash | 12.67M | 21.11M | 1.72M | 0.01M | 0.72M |
| Total current liabilities | 95.32M | 89.61M | 140.11M | 57.40M | 55.58M |
| Current deferred revenue | 17.92M | 17.39M | 19.01M | 7.82M | 5.16M |
| Net debt | 70.79M | 71.38M | 45.73M | 30.24M | 22.75M |
| Short term debt | 10.61M | 12.77M | 20.19M | 16.85M | 23.06M |
| Short long term debt | 47.25M | 8.38M | 12.89M | 15.95M | 23.06M |
| Short long term debt total | 83.47M | 92.49M | 47.45M | 30.25M | 23.47M |
| Other stockholder equity | 733.13M | 557.44M | 525.05M | 126.06M | 100.97M |
| Property plant equipment | - | - | - | 1.77M | 0.70M |
| Total current assets | 30.92M | 33.88M | 17.74M | 7.92M | 1.94M |
| Net tangible assets | - | - | - | -226.79M | - |
| Net receivables | 3.93M | 4.26M | 4.96M | 0.16M | 0.01M |
| Long term debt | 39.57M | 67.23M | 20.62M | 13.15M | 0.41M |
| Inventory | - | 0.04M | - | - | - |
| Accounts payable | 18.44M | 17.98M | 18.85M | 12.89M | 14.04M |
| Accumulated other comprehensive income | - | - | 0.00M | - | - |
| Non currrent assets other | 11.69M | 6.12M | 3.57M | 2.72M | 2.98M |
| Non current assets total | 100.76M | 90.18M | 93.25M | 5.78M | 5.62M |
| Capital lease obligations | 13.30M | 16.87M | 10.96M | 1.15M | 0.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -3.61M | -11.22M | -0.30M | -0.26M |
| Change to liabilities | - | - | - | 5.29M | 0.00M |
| Total cashflows from investing activities | -5.71M | -3.61M | -7.10M | -0.30M | -0.30M |
| Net borrowings | 10.30M | 74.75M | 32.57M | 26.20M | 3.50M |
| Total cash from financing activities | 70.96M | 77.17M | 72.99M | 27.67M | 18.25M |
| Net income | -110.56M | -74.91M | -250.70M | -74.36M | -35.78M |
| Change in cash | 1.09M | 19.24M | 1.52M | -0.66M | -5.94M |
| Begin period cash flow | 21.68M | 2.43M | 0.91M | 1.57M | 7.51M |
| End period cash flow | 22.76M | 21.68M | 2.43M | 0.91M | 1.57M |
| Total cash from operating activities | -64.16M | -54.32M | -64.37M | -28.04M | -23.93M |
| Issuance of capital stock | 51.39M | 0.00M | 31.40M | 1.47M | 14.75M |
| Depreciation | 9.29M | 8.34M | 3.76M | 1.03M | 1.05M |
| Other cashflows from investing activities | 0.23M | 8.15M | -0.19M | - | - |
| Change to inventory | - | - | - | 5.90M | 2.93M |
| Change to account receivables | 0.33M | 0.71M | -0.26M | -0.15M | 0.29M |
| Sale purchase of stock | -0.38M | 0.00M | -1.27M | - | - |
| Other cashflows from financing activities | 8.57M | 2.43M | 13.52M | 27.61M | -0.00M |
| Change to netincome | - | - | - | - | 2.69M |
| Capital expenditures | 8.39M | 14.10M | 7.78M | 0.30M | 0.26M |
| Change in working capital | 1.57M | 6.97M | 24.79M | 11.04M | 8.25M |
| Stock based compensation | 10.06M | -5.98M | 48.25M | 12.45M | 3.19M |
| Other non cash items | 25.85M | 11.53M | 112.84M | 21.81M | -0.64M |
| Free cash flow | -72.55M | -68.43M | -72.15M | -28.34M | -24.19M |
Sector: Industrials Industry: Airlines
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| SRFM Surf Air Mobility Inc. |
0.04 5.21% |
0.74 | - | - | 0.52 | 2.41 | 1.15 | -0.57 |
| DAL Delta Air Lines Inc |
4.22 4.84% |
91.42 | 10.39 | 12.61 | 0.71 | 2.30 | 0.95 | 9.84 |
| UAL United Airlines Holdings Inc |
8.03 7.12% |
120.77 | 10.20 | 6.99 | 0.55 | 2.12 | 0.83 | 9.39 |
| RYAOF Ryanair Holdings PLC |
- -% |
29.57 | 14.55 | 14.64 | 2.01 | 2.79 | 1.31 | 5.72 |
| RYAAY Ryanair Holdings PLC ADR |
1.68 2.83% |
60.98 | 12.80 | 13.18 | 1.73 | 2.50 | 1.31 | 5.72 |
Surf Air Mobility Inc. engages in the air mobility business in the United States and internationally. Its air mobility platform provides scheduled commercial air service flights; and on-demand flights created for customers on an ad-hoc, by request basis. Surf Air Mobility Inc. was founded in 2011 and is headquartered in Hawthorne, California.
12111 South Crenshaw Boulevard, Hawthorne, CA, United States, 90250
424 332 5480
506
| Name | Title | Year Born |
|---|---|---|
| Ms. Deanna White | Chief Executive Officer | 1966 |
| Mr. Sudhin Raju Shahani | Co-Founder & Director | 1983 |
| Mr. Oliver W. Reeves | Chief Financial Officer | 1980 |
| Mr. Liam Fayed | Co-Founder and Chief Brand & Experience Officer | NA |
| Bryce Van | Chief Accounting Officer | NA |
| Mr. Louis D. Saint-Cyr | President of Hawaii Operations | NA |
| Mr. Jim Sullivan | President of Air Mobility | NA |
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