SRFM · Surf Air Mobility Inc.
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
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.”
Weekly off-exchange (dark pool / OTC) trading volume reported to FINRA under its OTC/ATS Transparency data. ATS volume is executed on alternating trading systems (dark pools); non-ATS OTC is other over-the-counter dealer volume. The off-exchange share is total off-exchange volume as a percentage of consolidated weekly trading volume for the same Monday–Friday week.
Off-Exchange Volume History
| Week Start | ATS Volume | Non-ATS OTC Volume | Total Off-Exchange | % of FINRA Weekly Volume |
|---|---|---|---|---|
| 2026-07-06 | 2,249,638 | 12,807,861 | 15,057,499 | 62.7% |
| 2026-06-29 | 6,449,511 | 126,098,271 | 132,547,782 | 68.1% |
| 2026-06-22 | 1,854,341 | 13,811,938 | 15,666,279 | 67.1% |
| 2026-06-15 | 848,453 | 7,160,279 | 8,008,732 | 56.9% |
| 2026-06-08 | 1,121,304 | 8,466,936 | 9,588,240 | 68.3% |
| 2026-06-01 | 1,817,675 | 13,126,716 | 14,944,391 | 64.0% |
| 2026-05-25 | 894,415 | 6,912,570 | 7,806,985 | 62.9% |
| 2026-05-18 | 752,003 | 5,713,121 | 6,465,124 | 63.5% |
| 2026-05-11 | 2,041,606 | 11,164,602 | 13,206,208 | 65.9% |
| 2026-05-04 | 2,819,550 | 15,748,016 | 18,567,566 | 66.8% |
| 2026-04-27 | 1,523,937 | 9,712,116 | 11,236,053 | 65.8% |
| 2026-04-20 | 3,878,088 | 35,725,141 | 39,603,229 | 65.2% |
| 2026-04-13 | 1,229,395 | 8,400,320 | 9,629,715 | 59.6% |
| 2026-04-06 | 870,901 | 4,254,879 | 5,125,780 | 59.5% |
| 2026-03-30 | 555,555 | 3,475,549 | 4,031,104 | 63.2% |
| 2026-03-23 | 1,040,885 | 4,453,201 | 5,494,086 | 63.5% |
| 2026-03-16 | 1,272,316 | 7,599,078 | 8,871,394 | 62.3% |
| 2026-03-09 | 1,427,538 | 9,541,558 | 10,969,096 | 60.9% |
| 2026-03-02 | 691,947 | 4,056,155 | 4,748,102 | 53.4% |
| 2026-02-23 | 626,244 | 3,223,701 | 3,849,945 | 59.8% |
| 2026-02-16 | 548,407 | 2,816,223 | 3,364,630 | 57.2% |
| 2026-02-09 | 571,401 | 3,499,683 | 4,071,084 | 58.7% |
| 2026-02-02 | 1,306,889 | 8,753,993 | 10,060,882 | 58.6% |
| 2026-01-26 | 1,173,178 | 7,416,917 | 8,590,095 | 58.7% |
| 2026-01-19 | 1,483,730 | 7,162,770 | 8,646,500 | 60.2% |
| 2026-01-12 | 2,007,366 | 13,260,823 | 15,268,189 | 60.4% |
| 2026-01-05 | 3,657,317 | 21,759,174 | 25,416,491 | 59.7% |
| 2025-12-29 | 1,484,098 | 11,142,898 | 12,626,996 | 59.1% |
| 2025-12-22 | 2,608,374 | 10,073,416 | 12,681,790 | 57.1% |
| 2025-12-15 | 1,102,348 | 6,441,633 | 7,543,981 | 52.3% |
| 2025-12-08 | 1,130,611 | 5,508,616 | 6,639,227 | 57.4% |
| 2025-12-01 | 2,390,916 | 10,123,862 | 12,514,778 | 58.2% |
| 2025-11-24 | 1,215,988 | 4,185,358 | 5,401,346 | 50.5% |
| 2025-11-17 | 1,934,854 | 6,668,678 | 8,603,532 | 54.6% |
| 2025-11-10 | 2,319,110 | 7,930,596 | 10,249,706 | 54.0% |
| 2025-11-03 | 1,000,652 | 4,947,915 | 5,948,567 | 59.2% |
| 2025-10-27 | 758,653 | 4,679,965 | 5,438,618 | 52.0% |
| 2025-10-20 | 856,901 | 4,990,912 | 5,847,813 | 57.3% |
| 2025-10-13 | 1,767,769 | 10,258,005 | 12,025,774 | 54.3% |
| 2025-10-06 | 1,750,299 | 12,131,387 | 13,881,686 | 57.9% |
| 2025-09-29 | 1,011,244 | 7,653,888 | 8,665,132 | 57.6% |
| 2025-09-22 | 1,123,793 | 5,185,984 | 6,309,777 | 55.2% |
| 2025-09-15 | 820,428 | 4,602,325 | 5,422,753 | 48.5% |
| 2025-09-08 | 675,445 | 3,986,802 | 4,662,247 | 56.7% |
| 2025-09-01 | 358,522 | 2,723,718 | 3,082,240 | 55.0% |
| 2025-08-25 | 741,614 | 3,870,244 | 4,611,858 | 54.7% |
| 2025-08-18 | 1,025,362 | 5,602,458 | 6,627,820 | 57.1% |