Company Guides Second Quarter Revenue Between $27 Million and $30 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 11 2026
0mins
The company guides: "Second quarter revenue in the range of $27 million to $30 million. These expectations reflect both continued growth in On Demand private charter revenue and the impact of the prior year's exit of unprofitable routes. Adjusted EBITDA loss in the range of $10.5 million to $8.5 million, which excludes the impact of stock-based compensation, changes in fair value of financial instruments, and transaction and restructuring expenses. Adjusted EBITDA loss guidance for the second quarter reflects the impact of significantly increased fuel costs, compounding weather-related cancellations in Hawaii, and the continued strategic investment in SurfOS development in advance of its broader commercial launch. The Company is accelerating its path to profitability and anticipates Adjusted EBITDA loss to further narrow through the second half of 2026 absent unexpected macro or geopolitical headwinds."
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Analyst Views on SRFM
Wall Street analysts forecast SRFM stock price to rise
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 1.110
Low
3.50
Averages
7.75
High
12.00
Current: 1.110
Low
3.50
Averages
7.75
High
12.00
About SRFM
Surf Air Mobility Inc. provides a regional air mobility platform. The Air Mobility business is a regional air mobility platform providing scheduled service and an on-demand charter marketplace to passengers in the United States and globally. The Company is developing powertrain technologies with its commercial partners to electrify existing fleets and new aircraft. It is engaged in expanding the category of regional air travel, connecting underutilized regional airports and private terminals to create a shared private customer experience and a high frequency commercial-like air service, using small turboprop aircraft. It provides both scheduled routes and on-demand charter flights operated by third parties. It is also a passenger operator of Cessna Grand Caravan EXs in the United States by scheduled departures. The Company serves approximately 370,000 passengers with over 72,000 scheduled departures.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Capital Expenditure Reduction: The partnership with BETA Technologies allows the company to eliminate up to $100 million in planned capital expenditure for electric aircraft powertrain electrification, further optimizing capital allocation and enhancing future financial flexibility.
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- Platform Advantage: Through its partnership with Palantir, SRFM aims to build an all-in-one platform that serves as a central transaction layer for the private and regional aviation market, allowing the company to earn a take rate on all transactions, thereby enhancing its competitive edge.
- Gross Margin Expansion: Alliance Global Partners anticipates that as transaction volume on the platform increases, SRFM's gross margin will expand, which will help alleviate cash flow pressure and strengthen financial stability.
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See More
