SURF AIR MOBILITY INC.
For the period ended Jun 30, 2026. Filed Aug 10, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 10, 2026
SRFM$0.74+5.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statement of Changes in Shareholders’ Deficit
Three and Six Months Ended June 30, 2026 and 2025
(in thousands, except share data)
| Common Shares | ||||||
|---|---|---|---|---|---|---|
| Number ofShares · Amount · Additional Paid-In Capital · AccumulatedDeficit · Total Shareholders' Deficit | ||||||
| Balance at March 31, 2026 | 78,399,455 | $8 | $745,058 | $(808,261) | $(63,195) | |
| Issuance of common stock related to restricted shares and restricted stock units | 1,014,575 | - | - | - | ||
| Issuance of common stock related to performance-based restricted shares | 225,000 | - | - | - | ||
| Issuance of common stock to settle incentive bonus accruals | 901,298 | - | 1,056 | 1,056 | ||
| Issuance of common stock in direct offerings | 13,575,534 | 1 | 14,303 | 14,304 | ||
| Issuance of warrants in long-term debt financings | — | - | 672 | - | 672 | |
| Reclassification of HT common shares previously redeemable | 3,510,638 | 1 | 6,599 | 6,600 | ||
| Issuance of common shares under Share Purchase Agreement | 16,749,588 | 1 | 18,495 | - | 18,496 | |
| Issuance of common stock under software development agreement | 4,761,905 | 1 | 4,999 | 5,000 | ||
| Stock-based compensation expense | — | - | 2,743 | - | 2,743 | |
| Net loss | — | - | - | (28,133) | (28,133) | |
| Balance at June 30, 2026 | 119,137,993 | $12 | $793,925 | $(836,394) | $(42,457) | |
| Common Stock | |||||
|---|---|---|---|---|---|
| Number ofShares | Amount | Additional Paid-In Capital | AccumulatedDeficit | Total Shareholders' Deficit | |
| Balance at March 31, 2025 | 17,198,257 | $2 | $560,270 | $(695,909) | $(135,637) |
| Issuance of common stock related to restricted shares | 572,060 | — | — | — | — |
| Issuance of common stock related to performance-based restricted shares | 360,000 | — | — | — | — |
| Issuance of common stock in private placements | 816,326 | — | 2,000 | — | 2,000 |
| Issuance of common stock in direct offerings | 12,800,002 | 1 | 27,891 | — | 27,892 |
| Issuance of warrants to placement agents in direct offerings | — | — | 1,494 | — | 1,494 |
| Issuance of common stock under Share Purchase Agreement | 3,750,000 | 1 | 10,743 | — | 10,744 |
| Issuance of common stock in settlement of vendor payables | 24,457 | — | 60 | — | 60 |
| Issuance of common stock under software license agreement | 1,040,557 | — | 2,152 | — | 2,152 |
| Stock-based compensation expense | — | — | 3,810 | — | 3,810 |
| Net loss | — | — | — | (27,998) | (27,998) |
| Balance at June 30, 2025 | 36,561,659 | $4 | $608,420 | $(723,907) | $(115,483) |
| Common Shares | |||||
|---|---|---|---|---|---|
| Number ofShares | Amount | Additional Paid-In Capital | AccumulatedDeficit | Total Shareholders' Deficit | |
| Balance at December 31, 2025 | 73,082,025 | $7 | $733,135 | $(787,999) | $(54,857) |
| Issuance of common stock related to restricted shares and restricted stock units | 1,014,575 | - | - | - | - |
| Issuance of common stock related to performance-based restricted shares | 225,000 | - | - | - | - |
| Issuance of common stock to settle incentive bonus accruals | 901,298 | - | 1,056 | - | 1,056 |
| Issuance of common stock in direct offerings | 13,575,534 | 1 | 14,303 | - | 14,304 |
| Issuance of warrants in long-term debt financings | — | - | 672 | - | 672 |
| Issuance of common stock related to convertible note conversions | 967,018 | - | 1,876 | - | 1,876 |
| Reclassification of HT common shares previously redeemable | 3,510,638 | 1 | 6,599 | - | 6,600 |
| Issuance of common shares under Share Purchase Agreement | 21,100,000 | 2 | 27,154 | - | 27,156 |
| Issuance of common stock under software development agreement | 4,761,905 | 1 | 4,999 | - | 5,000 |
| Stock-based compensation expense | — | - | 4,131 | - | 4,131 |
| Net loss | — | — | — | (48,395) | (48,395) |
| Balance at June 30, 2026 | 119,137,993 | $12 | $793,925 | $(836,394) | $(42,457) |
| Common Stock | |||||
|---|---|---|---|---|---|
| Number ofShares | Amount | Additional Paid-In Capital | AccumulatedDeficit | Total Shareholders' Deficit | |
| Balance at December 31, 2024 | 16,933,692 | $2 | $557,444 | $(677,443) | $(119,997) |
| Issuance of common stock related to restricted shares | 592,614 | — | — | — | — |
| Issuance of common stock related to performance-based restricted shares | 360,000 | — | — | — | — |
| Issuance of common stock in private placements | 816,326 | — | 2,000 | — | 2,000 |
| Issuance of common stock in direct offerings | 12,800,002 | 1 | 27,891 | — | 27,892 |
| Issuance of warrants to placement agents in direct offerings | — | — | 1,494 | — | 1,494 |
| Issuance of common stock under Share Purchase Agreement | 3,750,000 | 1 | 10,743 | — | 10,744 |
| Issuance of common stock in settlement of vendor payables | 24,457 | — | 60 | — | 60 |
| Issuance of common stock under software license agreement | 1,284,568 | — | 3,099 | — | 3,099 |
| Stock-based compensation expense | — | — | 5,689 | — | 5,689 |
| Net loss | — | — | — | (46,464) | (46,464) |
| Balance at June 30, 2025 | 36,561,659 | $4 | $608,420 | $(723,907) | $(115,483) |
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