(SRFM) Comes Backed By Several Potential Catalysts That Have Us Excited To Be Bringing This To You.

Here’s What We Can Tell You So Far:

Recent Momentum: (SRFM) Moved Approximately 267% In Just Over A Month The Last Time We Highlighted It Back in June — From $2.70 To $9.91.

Limited Float: According To Yahoo, (SRFM) Has Fewer Than 19.1M Shares In The Float, Which Could Lead To Volatility Potential.

Analyst Targets: Piper Sandler And H.C. Wainwright Have Issued Coverage On (SRFM), With One Citing A $12 Target, Which Suggests Over 200% Upside Potential.

Bullish Signals: Barchart Lists 11 Bullish Indicators For (SRFM) Across Short-, Medium-, And Long-Term Indicators

Palantir Holds Stake: Palantir Technologies Is The Largest Shareholder Of (SRFM), Underscoring Alignment With Its Software-Led Model.

Insider Stepped In: (SRFM)’s Co-Founder Recently Acquired Over 400,000 Shares Directly From The Company In A $1M Private Transaction.

Start Your Own Research On (SRFM)…

August 5, 2025

For Wednesday’s Watchlist | See Why (SRFM) Just Hit Our Radar For Tomorrow Morning

Dear Reader,

The last time we highlighted Surf Air Mobility Inc. (NYSE: SRFM), it made a move that few saw coming, moving approximately 267% since June.

We announced coverage the night of Monday, June 9. The next morning, (SRFM) opened at $2.70.

By July 11, it had reached $9.91, according to Barchart data.

Now, (SRFM) is back on our radar for tomorrow morning—Wednesday, August 6, 2025.

(SRFM) is expected to release its Q2 2025 results after the bell on Tuesday, August 12. Just days later on August 18, CEO Deanna White and CFO Oliver Reeves will meet with institutions at the 14th Annual Needham Virtual Industrial Tech, Robotics & Clean Tech 1×1 Conference.

These events come on the heels of a string of developments that continue to redefine what (SRFM) is building.

Benzinga highlighted the coverage initiated by H.C. Wainwright’s Amit Dayal, who set a $12 target. From its recent $4.00 range, that suggests over 200% upside potential.

But it’s not just about projections, it’s about positioning.

Some analysts are beginning to model (SRFM) more like a software-first platform than a traditional carrier.

Stonegate Capital doesn’t issue official price targets, but their valuation framework adds a critical layer of context.

Applying a 1.75x to 2.25x EV/Revenue multiple to (SRFM)’s projected FY26 revenue, Stonegate modeled the company more in line with software-forward aviation peers than traditional airlines.

That reframing yielded an estimated valuation range between $6.75 and $10.90 per share, with a midpoint around $8.82.

As of this writing, (SRFM) is already trending above key technical levels—including its 50-Day moving average at $3.90, and 200-Day at $3.44.

And right now, (SRFM) is flashing 11 bullish signals on Barchart’s technical opinion dashboard across its TrendSeeker, Short-, Medium-, and Long-Term indicators.

Backing up that external conviction, Co-Founder and Board Member Sudhin Shahani recently acquired 408,163 shares in a private transaction directly from the company.

And if that weren’t enough, one of the most talked-about tech names on the street—Palantir Technologies—owns over 4.46M shares of (SRFM), and is currently the largest shareholder in the company.

With Marketwatch reporting a float under 19.1M shares, the stage could be set for potential volatility if demand begins to shift.

Latest Milestone: (SRFM) Lands Six New Agreements—Momentum Is Building

Less than two weeks ago on July 22, 2025, Surf Air Mobility Inc. (NYSE: SRFM) announced six new SurfOS agreements with charter brokers and operators, marking a clear sign of accelerating software adoption.

These latest LOIs, building on the company’s original beta cohort, reflect expanding interest across regional carriers, cargo operators, and private aviation brokerages.

The momentum is a clear step forward toward SurfOS’s commercial deployment scheduled for 2026, with real-world stakeholders now actively engaged in shaping the platform’s core modules.

These integrations are anything but passive.
Participating users are providing direct, operational feedback to refine:

• BrokerOS – built to automate sourcing, quoting, and client communications
• OperatorOS – designed to streamline aircraft scheduling, crew optimization, and operational visibility

SurfOS leverages data infrastructure from Palantir Technologies.

Though still in its beta phase through 2025, SurfOS remains on track for full commercial rollout in 2026, supported by expanding partnerships and an increasingly data-driven aviation strategy.

Why (SRFM) Just Hit Our Radar

With more than 331,000 passengers flown and over 66,000 scheduled departures in the last twelve months ending March 31, 2025, (SRFM) already runs one of the most active regional air commuter networks in the country, reaching both the mainland U.S. and the Hawaiian Islands.

But the bigger story is what’s happening underneath the surface.

The company has exited Phase 1: Transformation—having completed its M&A synergies, strengthened its balance sheet, and brought in new management, and cleaned up its capital structure.

(SRFM) is now deep into Phase 2: Optimization (2025–2026) and it’s already showing results:

• Added Japan Airlines as its first international carrier interline partner
• Launched a premium Jet Card to refine its On Demand model
• Began beta-testing its SurfOS software with multiple regional operators

The goal?

Maximize efficiency using real-time performance data, its proprietary SurfOS software, and smarter operations.

This isn’t just a cleanup phase, it’s a strategic recalibration built for scale.

The Broader Vision: Four Phases of Execution

Here’s how the rest of (SRFM)’s roadmap breaks down:

Phase 1 – Transformation (Already Completed)

• Improved capital structure
• Strengthened balance sheet
• Appointed new executive leadership
• Realized ~$6.5M in synergies from Southern Airways acquisition

Phase 2 – Optimization (2025–2026)

• Optimize airline operations (fleet redeployment, maintenance backlog, SOC relocation)
• Recalibrate On Demand business with simplified, higher-margin offerings
• Drive operational efficiency via SurfOS

Phase 3 – Expansion (2026–2027)

• Launch new tier-1 routes based on SurfOS performance and demand data
• Expand SurfOS commercialization to charter operators, aircraft owners, and charter brokers
• Pursue strategic partnerships and joint ventures to accelerate regional access

Phase 4 – Acceleration (2027+)

• Certify and deploy hybrid and electric powertrains for Cessna Caravans
• Leverage exclusive sales relationship with Textron Aviation
• Scale the operator platform and deploy electric aircraft at commercial levels

With over 5,000 public-use airports across the U.S., largely unreachable by commercial carriers, (SRFM) isn’t trying to fit into the old system.

They’re building a parallel one designed for speed, flexibility, and software-first performance.

What to Watch In 2025

Management expects to hit $100M+ in revenue this year while targeting positive adjusted EBITDA for its scheduled airline operations for 2025.

Recent updates also confirm that FY25 operations are not expected to be materially impacted by new tariffs, removing a potential overhang from the short-term forecast.

With operations, software, and electrification aligned under one platform, SRFM is no longer just an airline.

It’s positioning itself as the backbone of a smarter, modern regional air system, and it’s already in motion.

This is one we’ll be tracking closely.

Recent Developments

Surf Air Mobility Inc. (NYSE: SRFM) delivered a wave of high-impact updates in June 2025, cementing its role as a leader in modern regional air mobility.

June 10: The company officially unveiled its flagship SurfOS™ products, featuring BrokerOS, OperatorOS, and OwnerOS.

Designed for brokers, operators, and aircraft owners, the suite automates quoting, scheduling, payments, and operational oversight. SurfOS is now in beta with eight partners ahead of a 2026 commercial launch.

June 17: (SRFM) reported strong results from its Optimization phase, including:

• Record operational reliability and on-time performance
• Renewal of a $9.9M Essential Air Service contract
• Ongoing fleet modernization backed by leadership talent from Flexjet, Southwest, and Amazon Air

These moves signal real traction, not just on paper, but in the air, on the tarmac, and behind the software powering (SRFM)’s next phase

As we look ahead to tomorrow’s bell, here’s exactly why (SRFM) has climbed to the top of our watchlist.

7 Reasons Why (SRFM) Just Hit Our Watchlist For Tomorrow Morning

—Wednesday, August 6, 2025

1. Recent Momentum: (SRFM) moved approximately 267% in just over one month earlier this summer, after hitting our radar last time at $2.70 and reaching $9.91 by July 11, per Barchart data.

2. Limited Float: With Marketwatch reporting only 19.1M shares in the float, (SRFM) has the kind of share structure that could lead to the potential for volatility.

3. Analyst Coverage: (SRFM) has attracted coverage from Piper Sandler and H.C. Wainwright, with the latter issuing a $12 target, suggesting over 200% upside potential from its recent $4.00 range.

4. Bullish Technical Situation: According to Barchart, (SRFM) is triggering 11 bullish signals across short-, medium-, and long-term indicators, while trending above its 50 and 200-day moving averages.

5. Software Shift Narrative: Some analysts, including Stonegate Capital, are beginning to model (SRFM) alongside software-first aviation peers rather than traditional airlines, an important framing shift.

6. Insider + Institutional Firepower: (SRFM) recently received a $1M insider purchase from Co-Founder Sudhin Shahani, while Palantir Technologies holds over 4.46M shares as of June 2025.

7. Accelerating Adoption: In just the past two weeks, (SRFM) announced six new SurfOS LOIs with operators and brokers, reinforcing traction ahead of the platform’s full commercial rollout.

Start Your Own Research On (SRFM)…

Earlier this summer, (SRFM) made a move of approximately 267% after first hitting our radar at $2.70 and reaching $9.91 by July 11, per Barchart.

And now, all eyes turn to what’s next:

(SRFM) is expected to release its Q2 2025 results after the bell on Tuesday, August 12, followed just days later by a high-level institutional meeting at the Needham Virtual Industrial Tech, Robotics & Clean Tech 1×1 Conference on August 18.

These aren’t just calendar events, they could offer a closer look at how the story is evolving.

We will have all eyes on (SRFM).

Consider starting your own research on (SRFM).

Also, keep a look out for my morning update, it could be coming bright and early.

Have a good night.

Sincerely,

Gary Silver
Managing Editor,
Market Crux