Surf Air Mobility Q2 Revenue Hits $29.5M, Meets Guidance; Private Charter Revenue Doubles
SRFM sits 21% above its 52-week low of $0.665.
Summary
Surf Air Mobility reported Q2 2026 revenue of $29.5 million, at the high end of its $27–$30 million guidance, with an 8% year-over-year increase. Adjusted EBITDA loss of $10.5 million also fell within the guided range. The results reflect a sharp pivot in business mix: scheduled service revenue dropped 19% as the company rationalized routes, while private charter revenue more than doubled to $12.1 million. The company also announced Wheels Up as the launch customer for its Enterprise BrokerOS software, a contract worth up to $12 million over three years, and expanded its partnership with Palantir to add go-to-market resources. This follows a series of recent financing and restructuring moves, including a debt refinancing in July and a reverse stock split approved by shareholders to address the sub-$1 stock price and NYSE delisting notice. The company reaffirmed full-year 2026 guidance, sees Q3 revenue of $35.5 million to $37.5 million, and expects a Q3 adjusted EBITDA loss of $7 million to $4 million.
At the time of this announcement, SRFM was trading at $0.80 on NYSE in the Trade & Services sector, with a market capitalization of approximately $94.9M. The 52-week trading range was $0.67 to $6.17. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: BusinessWire.