Surf Air Mobility Reports Third Quarter 2026 Financial Results, Meeting Revenue and Adjusted EBITDA Guidance
Business Wire•05/11/2026•16:05 ET
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Key Highlights
- ➤Q3 revenue $36.5 million, up 25% year-over-year, highest in company history
- ➤Q3 Adjusted EBITDA loss $6.7 million, improving 32% year-over-year
- ➤Surf On Demand revenue $19 million, up 121% year-over-year
- ➤OperatorOS launched commercially with five contracts signed to date
- ➤Full-year 2026 Adjusted EBITDA loss guidance lowered to $35 million-$32 million
Expert Statements
Deanna White, Chief Executive Officer of Surf Air Mobility
“The third quarter was the highest revenue and best Adjusted EBITDA quarter in Surf Air Mobility's history, with revenue and Adjusted EBITDA within guidance. We are now in the Expansion Phase of our Transformation Plan, and we made progress on each of its priorities: commercializing SurfOS, scaling Surf On Demand, and expanding airline profitability. These results reflect our shift from an airline-centric company to a technology-powered air mobility platform.”
Jason Secore, Chief Financial Officer of Surf Air Mobility
“Our results reflect growth in Surf On Demand's profitable revenue and expanding airline margins. Our priority is to maximize long-term shareholder value by investing in our most profitable and fastest-growing businesses, while continuing to narrow our Adjusted EBITDA loss, improving free cash flow conversion, and funding growth from a stronger balance sheet.”
Surf Air Mobility Reports Third Quarter 2026 Financial Results, Meeting Revenue and Adjusted EBITDA Guidance
Third Quarter Revenue of $36.5 Million, Within Guidance, and an Increase of 25% Compared to the Third Quarter 2025, and the Highest in Company’s History
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