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. (NYSE: SRFM) files a range of documents with the U.S. Securities and Exchange Commission that provide detailed insight into its regional air mobility business, financial condition, and capital structure. As a Los Angeles-based commuter airline and aviation technology company, Surf Air Mobility uses SEC filings to report on its airline operations, on demand services, SurfOS software development, and electrification programs for aircraft such as the Cessna Caravan.
On this page, you can review Surf Air Mobility’s current and historical SEC filings, including annual reports on Form 10-K and quarterly reports on Form 10-Q, which typically contain discussions of revenue from air mobility services, operating performance, risk factors, and management’s analysis of its Transformation Plan. Current reports on Form 8-K provide more frequent updates on material events, such as capital raising transactions, debt refinancings, equity issuances to strategic partners, board and governance changes, preliminary financial results, and NYSE listing compliance notifications.
Filings related to SurfOS and the company’s partnership with Palantir Technologies are particularly relevant for understanding its technology strategy. These documents describe multi-year software licensing agreements, exclusivity arrangements for the Part 135 regional air mobility market, and equity issued as prepayment for software and services. Other filings detail registered direct offerings, senior secured convertible notes, warrant terms, and amendments to equity incentive plans, helping investors assess dilution, leverage, and funding for software and electrification initiatives.
Stock Titan enhances this filings feed with AI-powered summaries that explain complex sections of Surf Air Mobility’s 10-K and 10-Q reports, highlight key terms in 8-Ks, and make it easier to interpret capital structure disclosures. Real-time updates from EDGAR allow you to see new filings as they are posted, while structured views of forms such as 4, S-3, and proxy statements help you follow insider transactions, shelf registrations, and corporate governance matters tied to SRFM.
Surf Air Mobility Inc. registers the resale of up to 6,131,995 shares of common stock by selling stockholders, subject to the terms of this prospectus. The shares are currently outstanding and held by the named Selling Stockholders and may be sold from time to time at prevailing market or negotiated prices.
The company will receive no proceeds from these resale transactions. The prospectus states shares outstanding were 76,993,252 as of March 6, 2026. The plan of distribution permits public exchange transactions, block trades, privately negotiated sales, at-the-market offerings, hedging and other customary resale methods.
Surf Air Mobility Inc. reports continued heavy losses and significant funding needs as it pursues a regional air mobility strategy built around commuter airlines, charter services and future electrified aircraft. The company posted a net loss of $110.6 million in 2025, wider than $74.9 million in 2024, and discloses substantial doubt about its ability to continue as a going concern.
Surf Air served over 300,000 passengers in 2025 with roughly 62,000 scheduled departures, operating a 41‑aircraft fleet, including 39 Cessna Caravans, and generated $29.6 million from on‑demand charter operations. It leverages Essential Air Service contracts and interline agreements with major airlines while developing its SurfOS AI‑enhanced software platform and pursuing fully‑electric and hybrid‑electric powertrain certifications.
As of December 31 2025, debt totaled $97.1 million and future aircraft lease commitments were about $12.8 million. The company is in default on certain taxes and other obligations and plans to rely on a $400 million share subscription facility with GEM, which could be highly dilutive. Surf Air employed 573 people and had 76,993,252 common shares outstanding as of March 6 2026.
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.