SRFM News & Events

Surf Air Mobility (SRFM), a developer of SurfOS software operating system powered by Palantir Technologies (PLTR), announced the election of Shawn Pelsinger as Chairman of the Board of Directors, effective July 24, 2026, the date of the Company's Annual Shareholder Meeting. Pelsinger's election as Chairman, on the nomination of Carl Albert, follows Albert's decision to retire from the Board at the end of his current three-year term, transition to the role of Chairman Emeritus, and to serve as an advisor to the Company. Pelsinger has served on the Company's Board since October 2025

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."

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."