All three tenses have at least two readings, so the archetype blend applies as printed.
Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.
What did they actually do?
Has it survived what it has been through?
4 warning events since 2022; the latest 2026-07-24.
From the record
Surf Air Mobility Inc.'s filings since 2022 show 4 warning events: a notice about its exchange listing (8-K item 3.01, 4 times, the latest 2026-07-24) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
+73.8% a year over 4 filed years; profitable in 0 of 4.
From the record
Surf Air Mobility Inc.'s 4 filed years say what it did: revenue went from $20 million in fiscal 2022 to $107 million in fiscal 2025, up 73.8% a year; it rose in 2 of 3 years; the deepest fall was 11% from fiscal 2024 to fiscal 2025; net income was positive in 0 of 4 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
SI estimate 2.1/10, confidence 35 of 100 (one part).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: Surf Air Mobility Inc.'s shareholder treatment is put at 2.1 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 21% of 12 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.
What are they doing right now?
Is it financially healthy right now?
Leverage 142%: owes 142¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, Surf Air Mobility Inc.'s shareholders' equity was below zero, so the profit on it is not read. Leverage: it owed about 142 cents per dollar of assets, and net share issuance: its share count grew 171.9% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
bottom 43% of 12 in its family; net margin -103.8%.
From the record
Surf Air Mobility Inc.'s standing among 12 graded names in its industry family: revenue of $107 million in fiscal 2025 ranks in the bottom 28% by size; a net margin of -103.8% ranks in the bottom 4%; revenue growth of 73.8% a year over the last 3 filed years ranks in the top 4% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
bottom 41% of 5 in its family for leadership; chief executive since 2024.
From the record
Surf Air Mobility Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is White, Deanna Leigh (Chief Executive Officer, as filed), filing under that title since 2024-05-16, 2.5 years (top 50% of its family); most of the 9 officers and directors filing now have filed since the record of its people begins (2023-07-25), a floor of 3.3 years the record cannot see past, so that part is not read; 11 officer or director changes were reported on Form 8-K since 2023-11-13, against the 9 people in charge now (bottom 31%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they set up to do next?
How much room does it have to grow?
bottom 40% of 11 in its family for room to expand.
From the record
Surf Air Mobility Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $23 million against debt of $17 million leaves 4.3% of its assets as net cash, top 32% of its family; cash from operations less capital spending is -65.8% of revenue (bottom 13%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
top 49% of 12 in its family for growth drivers.
From the record
Surf Air Mobility Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 73.8% a year over the last three filed years against 73.8% over all 4, speeding up (bottom 46% of its family); the newest year grew -10.8% (bottom 13%); capital spending grew 291.3% a year (top 5%) (its annual reports). Surf Air Mobility Inc. reported 2 product lines in fiscal 2025: Scheduled at $77 million (72%), On Demand at $30 million (28%); 1 of 2 grew against the year before (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
bottom 47% of 11 in its family for expectations against reality.
From the record
Surf Air Mobility Inc.'s newest year against its own record: revenue of $107 million in fiscal 2025 came in 63.2% below the $290 million its prior three years' pace pointed to (bottom 5% of its family); net income of $111 million against a prior three-year average of $133 million (bottom 41%); a net margin of a loss larger than its revenue against losses larger than its revenue before (top 5%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made