Surf Air Mobility, Inc. (SRFM)
NYSE:SRFM
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Earnings Data
Report Date
Aug 19, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.17Last Year’s EPS
-1.34Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and commercial momentum driven by SurfOS and Surf On Demand, including a revenue beat, record charter growth (77% YoY), improved adjusted EBITDA and a tightened full-year EBITDA loss outlook (~40% improvement). Strategic moves — the BETA partnership, capital raise with insider participation, and safety/compliance milestones — reduce execution risk. Near-term negatives include a larger GAAP net loss, intentional scheduled-service revenue decline (-13% YoY), short-term fuel and weather headwinds affecting Q2, and remaining execution/certification risks tied to SurfOS monetization and electric aircraft timing. On balance, the positive operational traction, improved guidance, and clear commercialization targets materially outweigh the lowlights.Company Guidance
Revenue Beat and Year-over-Year Growth
Q1 2026 revenue of $25.6M came in at the high end of guidance ($24M–$26M), representing a 9% year-over-year increase. Full-year revenue guidance maintained at $128M–$138M, implying 20%–30% growth vs. 2025.
Adjusted EBITDA Outperformance and Guidance Improvement
Q1 adjusted EBITDA loss of $12.3M outperformed guidance ($15.5M–$13.5M) and improved $1.1M vs. prior year. Full-year 2026 adjusted EBITDA loss guidance was tightened ~40% to a $25M–$30M loss (from prior $40M–$50M).
Surf On Demand – Record Quarter and Margin Expansion
Surf On Demand Private Charter revenue of $10.1M grew 77% year-over-year (highest quarter since inception). March was the highest revenue month ever and gross margins improved 340 basis points YoY.
Operational Efficiency Gains Driven by SurfOS
SurfOS adoption produced measurable operational gains: crew scheduling, dispatch and maintenance digitization reduced costs and frequency of irregular operations. Airline controllable completion factor was 96%; on-time departures 72% and arrivals 78% — all improved vs. prior year.
BrokerOS Performance and Commercial Traction
BrokerOS (commercial since Dec 2025) supported major productivity gains: top brokers closed 32% more bookings, quote-to-close times improved 57%, and payments processed on platform rose 40% (Q1 2026 vs Q1 2025). Active independent brokers in Powered by Surf On Demand grew from ~6 to 29 with hundreds of applications; target 100 brokers by year-end.
SurfOS Product Roadmap and Enterprise Pipeline
SurfOS expansion plan: BrokerOS live; OperatorOS targeted for H2 2026 with goals of 10 additional LOIs and 5 live operators by year-end; Enterprise solutions targeting multiyear, multimillion-dollar contracts with active conversations supported by Palantir teaming.
Strategic Partnership with BETA Technologies
Signed firm order for 25 all-electric BETA aircraft with options for 75 more and designation as BETA's launch operator in Hawaii. Agreement grants Surf exclusive MRO rights in the launch market and allowed elimination of up to $100M of planned capex on Caravan electrification.
Capital Raise and Insider Confidence
Raised $30M in April ($15M aircraft-backed credit facility and $15M common equity). Company leadership (co-founder, CEO, CFO and directors) collectively purchased ~$5.3M in the equity offering, signaling insider conviction.
Safety and Compliance Milestones
Completed implementation of Safety Management System (SMS) a year ahead of FAA mandate (one of nine Part 135 operators to complete). Surf On Demand achieved Argus Certified Charter broker accreditation and joined the Air Charter Safety Foundation.
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 |
|---|---|---|---|
May 11, 2026 | $1.35 | $1.25 | -7.41% |
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% |
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 Aug 19, 2026, After Close (Confirmed).
What is Surf Air Mobility, Inc. (SRFM) earnings time?
Surf Air Mobility, Inc. (SRFM) earnings time is at Aug 19, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What is SRFM EPS forecast?
SRFM EPS forecast for the fiscal quarter 2026 (Q2) is -0.17.