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Surf Air Mobility, Inc. (SRFM)
NYSE:SRFM
Earnings Data
Report Date
May 19, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.42Last Year’s EPS
-1.09Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a constructive strategic pivot and strong operational progress: airline operations achieved profitability, key operational metrics materially improved, net debt declined substantially, Surf OS and BrokerOS show early commercial traction, and a significant partnership and aircraft order with Beta Technologies positions the company as an early mover in electric aircraft operations and MRO services. These positive developments are balanced by near-term revenue declines due to exit of unprofitable routes, a consolidated adjusted EBITDA loss that is expected to continue in 2026 as the company invests in Surf OS and Hawaii, and dependency on aircraft certification timelines. Overall, the tone is optimistic and growth-oriented, with clear execution milestones and quantified plans, but execution and timing risks (certification, commercialization pacing, and continued investment needs) remain.Company Guidance
Consistent Guidance Execution
Met or exceeded revenue and adjusted EBITDA guidance for eight consecutive quarters, demonstrating sustained execution against the transformation plan.
Raised Capital and Improved Leverage
Raised over $100 million in equity in 2025 and reduced net debt by 47% (from $139M at 12/31/2024 to $74M at 12/31/2025), aided by conversion of $48M convertible notes.
Airline Operations Profitability and Operational Improvements
Achieved full-year profitability in airline operations (positive adjusted EBITDA). Controllable completion factor improved to 98% in 2025 (from 89% in 2024); Q4 controllable completion 98% vs 96% in Q3 2025. On-time departures improved to 72% from 62% (2024); on-time arrivals improved to 81% from 74% (2024).
On-Demand Charter Momentum
On-demand charter revenue showed meaningful growth: Q4 on-demand revenue increased 36% year-over-year and 8% sequentially. Full-year on-demand revenue increased 3% year-over-year. Improvements driven by mix shift to larger aircraft, international trips, better sourcing, and BrokerOS productivity.
Surf OS Progress and Commercialization Path
Launched multiple Surf OS tools (crew/aircraft scheduling, maintenance integration, pilot mobile apps, CRM) with Palantir powering the core. Executed a five-year exclusive teaming agreement with Palantir for Part 135 solutions. BrokerOS is live and already generating profitable revenue; commercial rollout of Surf OS targeted for 2026 with revenue weighted to H2 2026.
Strategic Product Launches
Launched 'Powered by SURF On Demand' (BrokerOS distribution to independent brokers) and 'SURF On Demand Cargo' in Q4; both began generating profitable revenue during 2025.
Beta Technologies Strategic Partnership and Aircraft Order
Secured strategic partnership with Beta Technologies, placed a firm order for 25 Beta electric aircraft with an option for 75 more; designated planned MRO facility as exclusive factory-authorized service center in Hawaii; selected as launch operator and co-marketing partner. Management expects demo cargo CTOL activity in 2026 and earlier certification potential via FAA EIPP selection.
Raised 2026 Revenue Guidance
Guided 2026 full-year revenue to $128M–$138M, representing 20%–30% year-over-year growth versus 2025 revenue of $106.6M; growth weighted to back half of the year driven by on-demand charter and partial-year Surf OS revenue.
SRFM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SRFM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 12, 2026 | $1.88 | $1.46 | -22.34% |
Nov 12, 2025 | $2.94 | $2.69 | -8.50% |
Aug 12, 2025 | $4.19 | $4.88 | +16.47% |
May 13, 2025 | $2.87 | $2.65 | -7.67% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Surf Air Mobility, Inc. (SRFM) report earnings?
Surf Air Mobility, Inc. (SRFM) is schdueled to report earning on May 19, 2026, After Close (Confirmed).
What is Surf Air Mobility, Inc. (SRFM) earnings time?
Surf Air Mobility, Inc. (SRFM) earnings time is at May 19, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SRFM EPS forecast?
SRFM EPS forecast for the fiscal quarter 2026 (Q1) is -0.42.