Earnings ·
Surf Air Mobility Inc. reported second quarter 2026 financial results on August 10, 2026, achieving total revenue of…
SRFMSurf Air Mobility Inc.
Surf Air Mobility Inc. reported second quarter 2026 financial results on August 10, 2026, achieving total revenue of $29.5 million, an 8% year-over-year increase driven by a 101% surge in Surf On Demand private charter revenue to $12.1 million. The company posted an adjusted EBITDA loss of $10.5 million and a net loss of $28.1 million. Key operational highlights include securing its first SurfOS enterprise software contract with Wheels Up, valued up to $12 million over three years, and expanding its partnership with Palantir Technologies. Financially, the company reduced existing convertible note principal by 64% through refinancing transactions in July 2026, lowering monthly cash amortization payments by up to 50%. Surf Air Mobility reaffirmed full year 2026 revenue guidance of $128 million to $138 million and issued third quarter 2026 revenue guidance of $35.5 million to $37.5 million. The company operates in the air mobility industry, providing commuter airline services and AI-enabled aviation software platforms.