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 reported fourth quarter 2025 revenue of $26.4 million, down 6% year over year but within guidance, with scheduled service declining as the company exited unprofitable routes and On Demand charter revenue rising 36%. Fourth quarter adjusted EBITDA loss was just under $8 million, also within guidance, while net loss was $36.9 million versus net income a year earlier, which benefited from a large compensation reversal.
For full year 2025, revenue fell to $106.6 million, a 10.8% decline, and net loss widened to $110.5 million, but adjusted EBITDA loss improved to $41.7 million. Net debt decreased 47% to $74 million as of December 31, 2025. The company guided 2026 revenue to $128–$138 million, implying 20–30% growth, with an adjusted EBITDA loss of $50–$40 million as it continues investing in its SurfOS platform.
SURF AIR MOBILITY INC. amendment reports beneficial ownership by reporting persons of 6,663,920 shares of Common Stock, representing 9.99% of the class based on 63,223,450 shares outstanding as of November 20, 2025. The statement is jointly filed by Liam Fayed and LamVen LLC.
The filing notes that as part of financing transactions closed on November 12, 2025, LamVen acquired 1,506,024 shares and was issued a warrant to purchase 1,506,024 shares. The 2025 Warrant restricts exercises that would cause beneficial ownership to exceed 9.99%, and LamVen has registration rights related to 3,389,398 shares issuable under a November 14, 2024 warrant.
Palantir Technologies Inc. reported its ownership position in Surf Air Mobility Inc., stating beneficial ownership of 5,947,882 shares of common stock as of December 31, 2025. This represents 9.4% of Surf Air’s common stock, based on 63,223,450 shares outstanding as of November 20, 2025.
Palantir has sole power to vote and dispose of these 5,947,882 shares and no shared voting or dispositive power. It also certifies that the securities were not acquired and are not held for the purpose of changing or influencing control of Surf Air Mobility.
Surf Air Mobility Inc. major shareholder Liam Fayed reports beneficial ownership of 6,663,920 common shares, representing 9.99% of the class. This total includes 306,083 shares held directly and 6,357,837 shares held through affiliated entity LamVen LLC.
LamVen participated in financing transactions that closed on November 12, 2025, acquiring 1,506,024 shares and receiving a 2025 warrant to purchase an additional 1,506,024 shares. The 2025 warrant contains a 9.99% beneficial ownership cap tied to outstanding common stock, limiting further exercises. The filing is based on 63,223,450 shares outstanding as of November 20, 2025 and certifies that the holdings are not for the purpose of influencing control.
Hudson Bay Capital Management LP and Sander Gerber report passive beneficial ownership of Surf Air Mobility Inc. common stock. They report beneficial ownership of 7,776,928 shares of common stock, representing 9.99% of the class, including 7,776,924 shares issuable upon exercise of warrants and/or conversion of convertible notes.
The percentage is based on 70,070,206 shares outstanding, which combines 63,223,450 shares outstanding as of November 20, 2025 and additional shares issued upon conversion of convertible notes, and assumes further issuances subject to a 9.99% beneficial ownership blocker. The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Surf Air Mobility.
Surf Air Mobility Inc.'s Chief Executive Officer, Deanna White, reported the acquisition of 303,250 shares of common stock on 12/30/2025. The filing explains this represents restricted stock units (RSUs), each giving the right to receive one share of common stock, and states that the RSUs were fully vested as of the grant date. The transaction price is listed as $0 per share, indicating an equity award rather than an open-market purchase. Following this grant, Deanna White beneficially owns 503,250 shares of Surf Air Mobility common stock in direct ownership.
Surf Air Mobility Inc. is registering 3,975,901 shares of common stock issuable upon exercise of outstanding warrants.
Each warrant is exercisable at $3.32 per share and expires on the second anniversary of its November 12, 2025 issuance. If all warrants are exercised for cash, Surf Air Mobility would receive approximately $13.2 million, which it expects to use for repayment of indebtedness and general corporate purposes. Common stock outstanding was 63,223,450 shares as of November 20, 2025, so full warrant exercise would increase the share count and dilute existing holders.
The last reported NYSE price of the stock was $2.07 per share on November 21, 2025, below the warrant exercise price, and the supplement highlights that investors exercising warrants face immediate dilution because the effective offering price is substantially higher than the company’s net tangible book value per share.
Surf Air Mobility Inc. reported that on November 20, 2025 it received notice from the New York Stock Exchange that it has regained compliance with the NYSE’s quantitative continued listing standard. The NYSE confirmed that the company now meets the minimum market capitalization and stockholders’ equity requirements under Section 802.01B of the NYSE Listed Company Manual.
This cures the company’s prior non-compliance, which arose after a notice on May 20, 2024 that it had failed to maintain an average market capitalization of at least $50 million over a 30-day trading period and stockholders’ equity of at least $50 million. With this change, the company’s common stock continues to trade on the NYSE under the symbol SRFM.
Park Lane Investments, LLC reported beneficial ownership of 6,368,044 shares of Surf Air Mobility Inc. common stock, representing 9.99% of the outstanding class. This stake reflects financing transactions that closed on November 12, 2025, when Park Lane acquired 3,531,024 shares and received a warrant to purchase an additional 1,506,024 shares. The warrant includes a 9.99% ownership cap, limiting how many warrant shares can be exercised at any time. The reported ownership percentage is based on 62,593,428 Surf Air Mobility shares outstanding as of November 12, 2025, plus 1,150,757 warrant shares that were then exercisable.
Surf Air Mobility Inc. has filed an amended mixed shelf registration statement covering up to $100,000,000 of primary securities, including common stock, preferred stock, debt securities and warrants, and up to 23,990,096 shares of common stock. This includes 4,487,084 existing shares held by a selling stockholder and up to 19,503,012 shares issuable upon conversion or redemption of a new senior secured convertible note. The note has $74.0 million principal, matures in 2028, and can convert at an initial price of about $3.98 per share, with mandatory and holder‑driven redemption features that may be settled in stock. The company’s common stock trades on the NYSE under the symbol SRFM, and as of November 12, 2025 there were 62,593,428 shares outstanding.