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AI brief of an SEC Form 8-K · SURF AIR MOBILITY INC. (SRFM)

Surf Air Mobility Q3 revenue rises 25% to $36.5 million; cuts full-year EBITDA outlook

Mixed Impact 4 of 5 guidance Written later

Surf Air Mobility reported third-quarter 2026 revenue of $36.5 million, up 25% from a year earlier, and a net loss of $20.4 million, down from $27.2 million. The company cut its full-year 2026 Adjusted EBITDA guidance to a loss of $35 million to $32 million, from a loss of $30 million to $25 million, citing higher fuel prices and longer SurfOS implementation periods, while reaffirming full-year revenue guidance of $128 million to $138 million.

Key points

  • Q3 2026 revenue was $36.5 million, up 25% year over year, with Surf On Demand revenue of $19 million, up 121%.
  • Q3 net loss narrowed to $20.4 million from $27.2 million; Adjusted EBITDA loss narrowed to $6.7 million from $9.9 million.
  • Full-year 2026 Adjusted EBITDA loss guidance widened to $35 million to $32 million from $30 million to $25 million; revenue guidance of $128 million to $138 million was reaffirmed.
  • Cash at September 30, 2026 was $10.7 million.

The filing

CompanySURF AIR MOBILITY INC. (SRFM)
Form8-K, current report
Filed with the SECNov 5, 2026, 4:15 PM ET
Accession number0001193125-26-449863

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.