Event-Driven Stocks

SURF AIR MOBILITY INC.

SRFMNYSE

Industrials · Air Transportation, Nonscheduled · DE · SEC filings ↗ · Compare ⊕

View price & chart on Yahoo Finance ↗
Signs● 2 good● 5 warning● 2 severedetails ↓

Financials

SEC XBRL · annual
 FY25FY24FY23FY22
Revenue$106.6M$119.4M$60.5M$20.3M
Operating income−$76.9M−$60.3M−$196.8M−$50.9M
Net income−$110.6M−$74.9M−$250.7M−$74.4M
Total assets$131.7M$124.1M$111.0M$13.7M
Total liabilities$186.5M$244.1M$188.5M$105.1M
Equity−$54.9M−$120.0M−$77.5M−$222.1M
EPS (diluted)$-3.15$-5.80$-44.46$-5.51
Shares out.16.9M80.8M10.9M12.5M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2025
Operating margin
−72.1%
Net margin
−103.8%
Return on equity
201.5%
Return on assets
−84.0%
Return on capital (ROCE)
—
Liabilities / assets
141.7%
Debt / equity
—
Book value / share
$-3.24
Revenue growth (YoY)
−10.8%
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2025
Altman Z″ (distress)
-28.86distress
Accruals / assets
−35.2%clean
Piotroski F-Score
3/9weak

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
25
/ 100
Profitability 25Growth 0Catalyst 33Earnings quality 67Financial strength 0

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

● 2 severe● 5 warning● 2 good
  • Negative shareholder equity
  • Altman Z″ in the distress zone
  • Operating losses (negative operating margin)
  • Reported a net loss
  • Revenue declined year-over-year
  • High leverage (liabilities > 70% of assets)
  • Negative operating cash flow
  • Strong return on equity (>15%)
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

5%+ owners

SEC Schedule 13D / 13G · last 3 yrs

Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
May 15, 202611.6M2.5-24.6%
Apr 30, 202615.4M2.0+37.8%
Apr 15, 202611.2M5.9+5.6%
Mar 31, 202610.6M4.8+0.0%
Mar 13, 202610.6M3.9+24.8%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (1)