Earnings Releases·Nov 5, 2026, 4:15 PM ET

Surf Air Mobility — Third Quarter 2026 Earnings Summary

Total revenue reached a record $36.5 million, up 25% year-over-year, driven by a 121% surge in Surf On Demand revenue to $19 million, though airline operations revenue declined 15% to $17.5 million.
Net loss improved 25% year-over-year to $20.4 million, and Adjusted EBITDA loss narrowed 32% to $6.7 million, marking the best performance in company history.
Full Year 2026 Adjusted EBITDA loss guidance was widened to $32 million–$35 million (from $25 million–$30 million) due to higher fuel prices and extended SurfOS implementation, while Q4 revenue guidance was set at $36.4 million–$46.4 million.
Strategic progress includes the commercial launch of OperatorOS with five contracts, a $19.4 million Essential Air Service contract for Lanai, and the completion of a $21.6 million asset-backed loan facility.
Leadership transitioned with the appointment of Jason Secore as CFO and Barrett Brown as President of SurfOS, signaling a strategic pivot toward a technology-powered air mobility platform.