Surf Air Mobility Inc
NYSE:SRFM
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Surf Air Mobility Inc
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Surf Air Mobility Inc
Surf Air Mobility Inc is a US-based company operating in Passenger Airlines industry. The company is headquartered in Hawthorne, California and currently employs 75 full-time employees. The company went IPO on 2023-07-27. Surf Air Mobility Inc. is an electric aviation and air travel company. The firm is engaged in expanding the category of regional air travel by connecting underutilized regional airports and private terminals to create a shared private customer experience and a commercial-like air service using small turboprop aircraft. The firm provides a regional air mobility platform with scheduled routes and on-demand charter flights operated by third parties. The company intends to develop powertrain technology with its commercial partners to electrify existing fleets, bringing electrified aircraft to market at scale. The firm is primarily focused on the installation of hybrid-electric and fully electric powertrains in the Cessna Grand Caravan EX (EP1). The firm has a scheduled network, which connects across approximately 44 cities in 18 U.S. states and territories.
Surf Air Mobility Inc is a US-based company operating in Passenger Airlines industry. The company is headquartered in Hawthorne, California and currently employs 75 full-time employees. The company went IPO on 2023-07-27. Surf Air Mobility Inc. is an electric aviation and air travel company. The firm is engaged in expanding the category of regional air travel by connecting underutilized regional airports and private terminals to create a shared private customer experience and a commercial-like air service using small turboprop aircraft. The firm provides a regional air mobility platform with scheduled routes and on-demand charter flights operated by third parties. The company intends to develop powertrain technology with its commercial partners to electrify existing fleets, bringing electrified aircraft to market at scale. The firm is primarily focused on the installation of hybrid-electric and fully electric powertrains in the Cessna Grand Caravan EX (EP1). The firm has a scheduled network, which connects across approximately 44 cities in 18 U.S. states and territories.
Profitability: Airline Operations achieved positive adjusted EBITDA for full-year 2025.
Revenue: Full-year 2025 revenue was $106.6 million; company guided 2026 revenue to $128 million–$138 million (up 20%–30%).
Margins: Full-year adjusted EBITDA loss improved to $41.7 million (2025) from $44.1 million (2024); 2026 adjusted EBITDA loss guidance is $40 million–$50 million.
SurfOS: SurfOS (Powered by Palantir) is moving to commercialization in 2026, with most revenue expected in H2 2026; BrokerOS is already generating revenue via the Powered by Surf On Demand program.
Electrification: Announced strategic partnership and firm order for 25 BETA electric aircraft (option for 75); plan to begin demo cargo flights in 2026 and expect earlier deployment than previously anticipated.
Operational improvement: Q4 2025 controllable completion factor improved to 98%; on-time departures 72% and on-time arrivals 81%, all best levels since going public.
Balance sheet: Raised over $100 million in equity in 2025; net debt decreased 47% to $74 million at year-end 2025 (from $139 million), helped by $48 million convertible-note conversion inclusive of interest.