Surf Air Mobility Q1 Revenue at $25.6M, Exceeds Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 11 2026
0mins
Reports Q1 revenue $25.6M, consensus $25.5M. Deanna White, Chief Executive Officer of Surf Air Mobility, said: "We are pleased with our first quarter Adjusted EBITDA results, which exceeded our expectations. The progress we've made across our business has positioned us to improve our annual 2026 Adjusted EBITDA guidance by 40% while maintaining our full year revenue guidance. The efficiencies gained within our core businesses in the first quarter are a clear indication of the value that SurfOS and our partnership with Palantir delivers."
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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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- Industry Transformation: Co-Founder Liam Fayed states that BrokerOS represents a significant shift in how private aviation brokers operate, demonstrating the potential of combining deep industry expertise with Palantir AIP, signaling transformative changes in the aviation market.
- Market Positioning: As a partner of Palantir, Surf Air Mobility aims to position SurfOS as the next-generation AI-enabled software operating system to replace fragmented legacy software, enhancing its competitive edge through enterprise account teaming agreements.
- Operational Scale Advantage: Operating one of the largest commuter airlines in the U.S., Surf Air Mobility leverages real-world operating data to validate and deploy its AI-enabled SurfOS software, further solidifying its leadership in modernizing air operations and adopting next-generation aircraft.
See More
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- Improved EBITDA Guidance: The company revised its 2026 adjusted EBITDA loss guidance from $40 million-$50 million to $25 million-$30 million, showcasing the effectiveness of strategic cost controls and operational efficiencies.
- 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.
- Financing Update: In April, the company successfully raised $30 million, including $15 million through a nondilutive aircraft-backed credit facility and $15 million in common equity, demonstrating market confidence in its growth strategy.
See More
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See More
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- Jefferies Upgrades Agilon Health: Jefferies highlighted improving visibility for Agilon Health, with supportive Medicare Advantage rates locked in, suggesting a favorable outlook that could attract investor interest moving forward.
See More
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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.
- Stock Performance: Although SRFM shares rose 0.5% to $1.11 in Friday morning trading, they remain significantly below their 52-week high of $9.91, reflecting market caution regarding the company's future performance.
See More
