SRFM · Surf Air Mobility Inc.
$0.73
-0.07 (-8.22%)
At close · Aug 14
View the 10-K filed Mar 12, 2026
Going-concern doubt
— flagged Aug 10, 2026
Substantial doubt about the company's ability to continue as a going concern.
“These factors raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying condensed consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of this uncertainty.”View the 10-Q filed Aug 10, 2026
Customer concentration
— top customer 38% of revenue
One customer — 38% of revenue (the years ended December 31, 2025)
“For the years ended December 31, 2025 and 2024, the United States Department of Transportation (“U.S. DOT”) accounted for 38% and 39%, respectively, of the Company's consolidated revenues.”
One customer — 39% of revenue (the years ended December 31, 2024)
“For the years ended December 31, 2025 and 2024, the United States Department of Transportation (“U.S. DOT”) accounted for 38% and 39%, respectively, of the Company's consolidated revenues.”
Market Cap
$72.90M
Shares
100.40M
Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.
Fiscal 2025
| Executive | Role | Total |
|---|---|---|
| Deanna White | Chief Executive Officer | $2,933,208 |
| Oliver Reeves | Chief Financial Officer (started 1/1/2024) | $1,638,463 |
Fiscal 2024
| Executive | Role | Total |
|---|---|---|
| Oliver Reeves | Chief Financial Officer (started 1/1/2024) | $1,997,016 |
| Deanna White | Chief Executive Officer and Chief Operating Officer | $984,646 |
Fiscal 2023
| Executive | Role | Total |
|---|---|---|
| Stan Little | Former Chief Executive Officer and former Board Member | $3,847,678 |
| Deanna White | Chief Executive Officer and Chief Operating Officer | $1,164,780 |
Executive changes
| Person | Role | Change | Filed |
|---|---|---|---|
| Shawn Pelsinger | successor Chairman of the Board | Appointed | 2026-05-22 |
| Shawn Pelsinger | Class A director of the Board | Appointed | 2025-10-08 |
| Tyrone Bland | director | Resigned | 2025-08-29 |
| John D'Agostino | Class B director | Appointed | 2025-06-27 |
| Edward Mady | Class B director | Appointed | 2025-06-27 |
| David Anderman | Class B director | Appointed | 2025-06-27 |
| David Anderman | Class B director of the Board of Directors | Appointed | 2024-12-19 |
| Deanna White | Chief Operating Officer | Appointed | 2024-12-10 |
| Deanna White | Chief Executive Officer | Appointed | 2024-12-10 |
| Stan Little | director | Resigned | 2024-08-19 |
| Bruce Hack | Class A director | Appointed | 2024-06-27 |
| Tyrone Bland | Class A director | Appointed | 2024-06-27 |
| Stan Little | Chief Executive Officer | Resigned | 2024-05-20 |
| Deanna White | Chief Operating Officer | Appointed | 2024-05-20 |
| Deanna White | Interim Chief Executive Officer | Appointed | 2024-05-20 |
| Oliver Reeves | Chief Financial Officer | Appointed | 2023-12-27 |
Key facts
CIK
1936224
CUSIP
868927203
13F (30d)
64 filings
64 filers
Visit website
Investor relations