Welcome to our dedicated page for SURF AIR MOBILITY SEC filings (Ticker: SRFM), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Surf Air Mobility Inc. filings document material events, operating results, financing transactions, governance updates, and listing-status disclosures for a regional air mobility and aviation-technology company. Recent Form 8-K reports furnish quarterly and annual financial results, guidance, and updates related to the company’s scheduled airline, charter, SurfOS software, and electrification activities.
The company’s regulatory disclosures also cover securities purchase agreements, registered direct offerings under a shelf registration statement, private placements of common stock and warrants, senior secured convertible notes, and promissory note arrangements secured by aircraft-related collateral. Other filings address share issuances tied to software-license arrangements, board appointments and compensation matters, and NYSE continued-listing compliance.
Surf Air Mobility Inc. reported first-quarter 2026 revenue of $25.6 million, up from $23.5 million a year earlier, as on-demand charter growth offset lower scheduled revenue. The company still posted a net loss of $20.3 million, slightly larger than the $18.5 million loss in 2025, and an operating loss of $13.4 million.
Cash fell to $4.2 million from $12.7 million at year-end, with total assets of $120.8 million against $177.4 million of liabilities and a shareholders’ deficit of $63.2 million. Management discloses substantial doubt about the company’s ability to continue as a going concern, citing working capital deficits, negative operating cash flow and defaults on certain tax and debt obligations.
The company carries a $9.9 million federal excise tax liability and $0.9 million in unpaid property taxes, and is in default on a SAFE-T note. Convertible notes measured at fair value total $58.9 million. To fund operations, Surf Air raised $12 million through draws on a share purchase agreement with GEM, issuing 4.35 million shares, and converted $1.9 million of convertible debt into equity. It also issued 3.51 million shares to the holder of its High Trail Convertible Note in lieu of $6 million in cash payments, with related make-whole and put features.
Strategically, the company amended its aircraft purchase agreement with Textron Aviation, reducing firm Cessna Caravan commitments to four aircraft in 2026, and entered a new agreement with BETA Technologies to buy 25 all-electric CX300 ALIA aircraft, with options for up to 75 more through 2030, representing more than $90 million in future purchase commitments. Management is pursuing cost controls, technology investments and additional financing options but notes that failure to secure capital or meet strategic plans could materially affect its ability to operate.
Surf Air Mobility reported first quarter 2026 revenue of $25.6 million, at the high end of guidance and up 9% year over year. Net loss widened slightly to $20.3 million, while Adjusted EBITDA loss improved to $12.3 million, better than guidance.
The company raised full-year 2026 Adjusted EBITDA loss guidance to a narrower range of $30 million to $25 million, an improvement of about 40% from the prior outlook, while keeping revenue guidance of $128 million to $138 million, or 20% to 30% growth over 2025.
On Demand private charter revenue rose 77% year over year to $10.1 million with higher margins, supported by its BrokerOS and Powered by Surf On Demand programs. The company also announced a strategic partnership with BETA Technologies for up to 100 all‑electric aircraft and completed a $30 million capital raise to support SurfOS deployment and electrification initiatives.
SURF AIR MOBILITY INC. Chief Executive Officer Deanna Leigh White reported compensation-related stock activity. She was granted 262,102 shares of common stock on May 7, 2026 at $0.00 per share, issued under the 2025 Surf Air Mobility Executive Bonus Program.
On May 8, 2026, she sold 56,884 shares of common stock at an average price of $1.3146 per share to pay tax withholding obligations related to the share issuance. After these transactions, she directly owned 899,130 shares of common stock.
Surf Air Mobility Inc. Chief Financial Officer Oliver Reeves reported a stock grant and a related tax-driven sale of common shares. On May 7, 2026, he acquired 239,439 shares of common stock at $0.00 per share, issued under the 2025 Surf Air Mobility Executive Bonus Program. On May 8, 2026, he sold 76,569 shares of common stock at an average price of $1.3144 per share to cover tax withholding obligations tied to the share issuance. Following these transactions, he directly holds 470,816 shares of Surf Air Mobility common stock.
Surf Air Mobility Inc. filed Amendment No. 1 to its 2025 annual report to add detailed Part III information on directors, executive compensation, ownership, related-party transactions and auditor fees, and to update filer status disclosures. No financial statements were changed in this amendment.
The filing outlines the board’s classified structure, committee independence, stock ownership guidelines, incentive and severance terms for the CEO and CFO, significant equity awards, and major shareholders and financing relationships, including notes and advisory agreements with LamVen, Park Lane and other related parties.
Surf Air Mobility Inc. joint Schedule 13G reports that Citadel-related reporting persons may beneficially own 6,902,504 shares (each for Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC) and that Mr. Kenneth Griffin may be deemed to beneficially own 6,909,862 shares. The filing states these positions represent 7.1% of the class based on 97,891,510 Shares outstanding as of April 21, 2026. The statement lists shared voting and shared dispositive power for the cited holdings and is a joint filing by the named Citadel entities and Mr. Griffin.
Surf Air Mobility Inc. entered into a material definitive promissory note with LamVen providing up to $15 million in funding through advances. Each 90-day period, advances are limited to $5 million, and the note matures on April 20, 2029.
The borrowing is secured by certain aircraft-related assets of the company’s subsidiaries, and the note is non-recourse to the parent company, limiting LamVen’s remedies to the borrowers. An origination fee of $1.5 million is payable, which the company may elect to pay in common stock or pre-funded warrants valued at $1.274 per share.
Outstanding principal bears interest at 12.5% per annum, payable monthly in cash, stock, or a combination, also valued at $1.274 per share when paid in equity. Equity issuance to LamVen is subject to beneficial ownership limitations, and the securities are being issued under a private placement exemption from registration.
SURF AIR MOBILITY INC. director Carl A. Albert reported an equity award of common stock. A trust associated with him, the Carl Albert Trust dated June 7, 1991, received a grant of 73,530 shares of common stock at $1.36 per share, increasing its indirect holdings to 135,458 shares. Separately, Albert directly holds 111,547 shares of common stock. The filing shows an acquisition through a grant, with no open-market buying or selling reported.
Surf Air Mobility Inc. director John J. D'Agostino received a grant of 18,382 shares of Common Stock, valued at $1.36 per share. This was reported as a grant or award acquisition, increasing his directly held position to 129,929 shares following the transaction.
Shahani Sudhin reported acquisition or exercise transactions in this Form 4 filing.
SURF AIR MOBILITY INC. director Sudhin Shahani received a grant of 36,765 shares of Common Stock on April 21, 2026. The award was recorded at a reference price of $1.36 per share and is compensation-related, not an open-market purchase. After this grant, Shahani directly holds 482,183 Common Stock shares.