Surf Air Mobility Inc. (SRFM) carries a Roarable Rating of D- (Sell) with 38/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.
As of 2026-11-02, Surf Air Mobility Inc. (NYSE: SRFM) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 38/100 at a spot price of $0.76 (-4.56% 1D, market cap $105.1M). Pillar breakdown: Fundamental Cash Engine 8/20, Institutional 13F & Options Flow 7/20, Executive Insider Alignment 10/20, FRED Macro Regime Fit 8/20, and SEC Balance-Sheet Forensics 5/20. Across 1011 tracked Consumer Discretionary issuers, SRFM ranks #772 in composite RQD confidence.
Within the Consumer Discretionary sector (Transportation Services), SRFM carries a Roarable D- (38/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of -35.0%. By comparison, UP (Wheels Up Experience Inc. (Class A)) holds a E grade (18/100 RQD, P/E N/A, ROIC -35.0%, cap $115.7M) and FLYX (flyExclusive Inc. (Class A)) posts a E grade (27/100 RQD, P/E N/A, ROIC -35.0%, cap $130.0M). Among the 5-stock peer group, SRFM leads on earnings multiple (N/A) while PAL leads on capital efficiency (-11.6% ROIC).
Per SRFM's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001936224), Surf Air Mobility Inc. generated $0 in revenue, -$110.6M in net income, and -$70.1M in free cash flow against $131.7M in total assets and $14.4M in total debt. Key quantitative strengths: Established market leader in Consumer Discretionary with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.
Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer
Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 1/9
SEC XBRL FY 2025 (10-K): 0% FCF Margin ($0 FCF) & 52% Gross Margin
Disciplined Float (+0.72% YoY Shares) & executive Form 4 sales trim 15 pts from alignment
While SRFM currently carries a cautious 38/100 (D-) rating due to Insider Conviction & Share Dilution (5/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.
Established market leader in Consumer Discretionary with deep daily trading liquidity.
Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($0.80) and Max Pain ($0.80) forces dealer call-delta covering toward $4.29.
Forensic Repair Trigger: Halting share dilution (Disciplined Float (+0.72% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.
Surf Air Mobility Inc. (SRFM) dropped -4.56% to $0.76, trading at 8% of its 52-week range ($0.46 – $4.09). Stretched risk/reward at current multiples (-35% return on capital) under elevated 10-year interest-rate pressure.
Yahoo Finance report covering Surf Air Mobility Inc. (SRFM) market action, institutional positioning, and fundamental catalysts.
Seeking Alpha report covering Surf Air Mobility Inc. (SRFM) market action, institutional positioning, and fundamental catalysts.
Benzinga report covering Surf Air Mobility Inc. (SRFM) market action, institutional positioning, and fundamental catalysts.
www.marketscreener.com report covering Surf Air Mobility Inc. (SRFM) market action, institutional positioning, and fundamental catalysts.
TradingView report covering Surf Air Mobility Inc. (SRFM) market action, institutional positioning, and fundamental catalysts.
ChartMill report covering Surf Air Mobility Inc. (SRFM) market action, institutional positioning, and fundamental catalysts.
Simply Wall St report covering Surf Air Mobility Inc. (SRFM) market action, institutional positioning, and fundamental catalysts.
Yahoo Finance report covering Surf Air Mobility Inc. (SRFM) market action, institutional positioning, and fundamental catalysts.
Air Canada (ACDVF) delivered earnings and revenue surprises of +42.11% and +2.11%, respectively, for the quarter ended September 2026. Do the numbers hold clues to what lies ahead for the stock?
LOS ANGELES, October 29, 2026--Surf Air Mobility Inc. (NYSE: SRFM) ("Surf Air Mobility" or "the Company") today provided an update on recent achievements and priorities for SurfOS, the Company’s AI-enabled software opera
Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).
vs. +6.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).
No active Ellis Vennor swing setup published on SRFM today. View full Setup Ledger →
No direct multi-tier Butterfly edges indexed yet for SRFM. Explore sector supply chains on /butterfly.
Across 1011 tracked Consumer Discretionary securities in the Roarable RQD universe, Surf Air Mobility Inc. (SRFM) ranks #772 by composite RQD confidence (38/100, grade D-) and #753 by equity capitalization ($105.1M). Within this direct 5-issuer industry benchmark cohort, SRFM leads on earnings valuation at N/A trailing P/E, while PAL leads on capital efficiency and profitability with -11.6% ROIC and — gross margin. YTRA currently holds the highest overall quantitative score in the immediate peer group at 48/100 (D) compared with SRFM at 38/100 (D-).
| Ticker / Company | Roarable Grade | RQD Score | Trailing P/E | Gross Margin | ROIC | 1D Change | Market Cap | Head-to-Head |
|---|---|---|---|---|---|---|---|---|
| SRFM
ACTIVE
Surf Air Mobility Inc. | D- | 38/100 | — | — | -35.0% | -4.56% | $105.1M | Benchmark Subject |
| UP Wheels Up Experience Inc. (Class A) | E | 18/100 | — | 10.0% | -35.0% | 0.00% | $115.7M | /up-vs-srfm → |
| FLYX flyExclusive Inc. (Class A) | E | 27/100 | — | 15.0% | -35.0% | -6.50% | $130.0M | /flyx-vs-srfm → |
| PAL Proficient Auto Logistics Inc. | E | 34/100 | — | — | -11.6% | +8.06% | $67.9M | /pal-vs-srfm → |
| YTRA Yatra Online Inc. | D | 48/100 | — | — | — | -4.46% | $52.9M | /ytra-vs-srfm → |
In its most recent audited fiscal period (FY2025, filed 2025-12-31), Surf Air Mobility Inc. (SRFM) reported GAAP revenue of $0 (N/A vs. FY2024 revenue of $0 ) , GAAP net income of -$110.6M, operating cash flow of -$64.2M, and free cash flow of -$70.1M (-6.1% YoY). On the balance sheet, SRFM closed FY2025 with $131.7M in total assets against $14.4M in total debt (Altman Z-Score: N/A, Piotroski F-Score: 1/9).
| Fiscal Period | Filing Date | Revenue | Net Income | Operating Cash Flow | Free Cash Flow | Total Assets | Total Debt |
|---|---|---|---|---|---|---|---|
| FY2025 (FY) | 2025-12-31 | $0 | -$110.6M | -$64.2M | -$70.1M | $131.7M | $14.4M |
| FY2024 (FY) | 2024-12-31 | $0 | -$74.9M | -$54.3M | -$66.1M | $124.1M | $59.9M |
| FY2023 (FY) | 2023-12-31 | $0 | -$250.7M | -$64.4M | -$64.4M | — | — |
As of 2026-11-02, Surf Air Mobility Inc. (NYSE: SRFM) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 38/100 at a spot price of $0.76 (-4.56% 1D, market cap $105.1M). Pillar breakdown: Fundamental Cash Engine 8/20, Institutional 13F & Options Flow 7/20, Executive Insider Alignment 10/20, FRED Macro Regime Fit 8/20, and SEC Balance-Sheet Forensics 5/20. Across 1011 tracked Consumer Discretionary issuers, SRFM ranks #772 in composite RQD confidence.
Within the Consumer Discretionary sector (Transportation Services), SRFM carries a Roarable D- (38/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of -35.0%. By comparison, UP (Wheels Up Experience Inc. (Class A)) holds a E grade (18/100 RQD, P/E N/A, ROIC -35.0%, cap $115.7M) and FLYX (flyExclusive Inc. (Class A)) posts a E grade (27/100 RQD, P/E N/A, ROIC -35.0%, cap $130.0M). Among the 5-stock peer group, SRFM leads on earnings multiple (N/A) while PAL leads on capital efficiency (-11.6% ROIC).
Per SRFM's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001936224), Surf Air Mobility Inc. generated $0 in revenue, -$110.6M in net income, and -$70.1M in free cash flow against $131.7M in total assets and $14.4M in total debt. Key quantitative strengths: Established market leader in Consumer Discretionary with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.
SRFM last traded at $0.76 (-4.56% on volume of 1,204,506 shares), positioning the stock -5.00% below its 50-day simple moving average ($0.80) and -36.13% below its 200-day simple moving average ($1.19). Across its 52-week range of $0.46 to $4.09, SRFM sits at the 8.3% percentile with a 14-day RSI of 46.8 (NEUTRAL RANGE) and an implied next-earnings move of ±12.5% ($1.00 to $0.86).
Why SRFM Stock dropped -4.56% Today — RQD Quant Desk Flash. Stretched risk/reward at current multiples (-35% return on capital) under elevated 10-year interest-rate pressure.
Per the Roarable RQD rating, SRFM scores 38 out of 100 with a letter grade of D-, labeled "Roarable Sell — Vulnerable Balance Sheet & Flow." The five pillars are: Fundamental Cash Engine at 8 / 20 (ROIC -35%; FCF yield 0%); Whale 13F Flow at 7 / 20 (institutional accumulation and options positioning); Insider Conviction at 5 / 20 (SEC Form 4 and Congressional PTR cluster flow); Macro Regime Fit at 8 / 20 (Beta 1.0; sector sensitivity); and Forensic Balance Sheet at 10 / 20 (Altman Z 2.5; Piotroski F 1/9; Debt/Equity 0.5).
For a prospective investor, the weakest pillars are the cash engine and insider conviction, which together indicate the business is consuming cash and that insider activity in the source data does not offer support. The forensic balance sheet pillar is the strongest of the five, but still scores only half its maximum, and the Piotroski F-Score of 1/9 signals weak financial health on that framework. Upside drivers would need to come from operating improvement or new capital, neither of which the source data quantifies. Valuation tradeoffs are difficult to assess because P/E, forward P/E, EV/EBITDA, and EPS are not available in source data, leaving the reader without standard earnings-based reference points. Macro fit is rated at 8 / 20 with a beta of 1.0, meaning the stock tracks overall market movement without a defensive offset.
| Period | Revenue | Operating Income | Net Income | EPS | FCF | Cash | Debt |
|---|---|---|---|---|---|---|---|
| FY 2025 | $0.0M | $-76.9M | $-110.6M | N/A | $-70.1M | $12.7M | $14.4M |
| FY 2024 | $0.0M | $-60.3M | $-74.9M | N/A | $-66.1M | $21.1M | $59.9M |
| FY 2023 | $0.0M | $-196.8M | $-250.7M | N/A | $-64.4M | N/A | N/A |
Per the SEC financials, reported revenue is $0.0M across all three periods while operating and net losses persist. Per the market data, ROIC is -35% and FCF yield is 0%. Per the Roarable RQD rating, the Altman Z-Score is 2.5 and the Piotroski F-Score is 1/9, with Debt/Equity at 0.5. Cash declined from $21.1M in FY 2024 to $12.7M in FY 2025, while debt declined from $59.9M to $14.4M over the same period.
Per the recent news and catalysts feed:
Risk watch items: the cash burn theme recurs across the news feed, consistent with the financial trend data. Per the butterfly supply-chain graph, the supply chain is NONE and there are no proprietary signals.
Real-time company headlines, analyst actions, and sector developments for Surf Air Mobility Inc. (SRFM) • Click "Debate This Headline" to argue it in the Roar Pit below
Yahoo Finance report covering Surf Air Mobility Inc. (SRFM) market action, institutional positioning, and fundamental catalysts.
Seeking Alpha report covering Surf Air Mobility Inc. (SRFM) market action, institutional positioning, and fundamental catalysts.
Benzinga report covering Surf Air Mobility Inc. (SRFM) market action, institutional positioning, and fundamental catalysts.
www.marketscreener.com report covering Surf Air Mobility Inc. (SRFM) market action, institutional positioning, and fundamental catalysts.
TradingView report covering Surf Air Mobility Inc. (SRFM) market action, institutional positioning, and fundamental catalysts.
ChartMill report covering Surf Air Mobility Inc. (SRFM) market action, institutional positioning, and fundamental catalysts.
Simply Wall St report covering Surf Air Mobility Inc. (SRFM) market action, institutional positioning, and fundamental catalysts.
Yahoo Finance report covering Surf Air Mobility Inc. (SRFM) market action, institutional positioning, and fundamental catalysts.
Welcome to the SRFM (Surf Air Mobility Inc.) Roar Pit. Current RQD Composite is 38/100 (Roarable Sell — Vulnerable Balance Sheet & Flow) in Transportation Services. Bulls point to operating leverage and sector positioning, while bears focus on macro rate sensitivity and margin execution. Pick your side (🐂 Bull or 🐻 Bear) and drop your price target below.
Everyone in here is repeating the bull case on SRFM, but look at what you are paying: current EV/EBITDA multiples with tightening sector spreads. Unless Surf Air Mobility Inc. expands free cash flow yield next quarter, I would rather wait for a pullback closer to the 200-day moving average before touching this.
Looking at the 5-pillar RQD breakdown on SRFM, the market is fixating on short-term headline noise in Transportation Services and ignoring the balance sheet and cash flow trajectory. At $0.79 (52-wk range $0.46 - $4.09), any beat on forward guidance forces shorts and underweight funds to chase.
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