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Surf Air Mobility Inc
NYSE:SRFM

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Surf Air Mobility Inc
NYSE:SRFM
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Price: 1.36 USD 11.48% Market Closed
Market Cap: $104.7m

Surf Air Mobility Inc
Investor Relations

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.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Mar 12, 2026
AI Summary
Q4 2025

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.

Key Financials
Revenue (Q4 2025)
$26.4 million
Revenue (FY 2025)
$106.6 million
Adjusted EBITDA (Q4 2025)
loss just under $8.0 million
Adjusted EBITDA (FY 2025)
loss $41.7 million
Revenue guidance (FY 2026)
$128 million to $138 million
Adjusted EBITDA guidance (FY 2026)
loss $40 million to $50 million
Revenue guidance (Q1 2026)
$24 million to $26 million
Adjusted EBITDA guidance (Q1 2026)
loss $13.5 million to $15.5 million
Controllable completion factor (Q4 2025)
98%
On-time departures (Q4 2025)
72%
On-time arrivals (Q4 2025)
81%
Net debt (Dec 31, 2025)
$74 million
Convertible note conversion
$48 million converted (inclusive of interest)
Equity raised (2025)
over $100 million
BETA firm order
25 aircraft (option for 75)
Expected operating cost improvement (BETA aircraft)
~30% improvement in operating costs (management estimate)
Earnings Call Recording
Other Earnings Calls

Management

Ms. Deanna White
Chief Executive Officer
No Bio Available
Mr. Sudhin Shahani
Co-Founder & Director
No Bio Available
Mr. Robert Stanley Little
Founder & Director
No Bio Available
Mr. Liam Fayed
Co-Founder and Chief Brand & Experience Officer
No Bio Available
Mr. Oliver W. Reeves
Chief Financial Officer
No Bio Available
Bryce Van
Chief Accounting Officer
No Bio Available
Mr. David J. Anderman
Chief Legal Officer
No Bio Available
Mr. Ido Gruberger
Chief Strategy Officer
No Bio Available
Mr. Louis D. Saint-Cyr
President of Hawaii Operations
No Bio Available
Mr. Jim Sullivan
President of Air Mobility
No Bio Available

Contacts

Address
CALIFORNIA
Hawthorne
12111 S. Crenshaw Blvd
Contacts
+13103653675
www.surfair.com
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