SRFM
Surf Air Mobility Inc.1.9400
+0.0000+0%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Key Stats
Market Cap
122.65MP/E (TTM)
-Basic EPS (TTM)
-2.14Dividend Yield
0%Recent Filings
10-K
8-K
8-K
Regains NYSE compliance
Surf Air Mobility regained NYSE compliance on November 20, 2025, meeting the $50M market cap and equity thresholds after prior deficiencies. This lifts a cloud from May 2024, fueled by Q3 revenue of $29.2M beating guidance and airline profitability. Compliance secured. Yet $100M funding bolsters SurfOS amid ongoing losses.
8-K
Q3 revenue beats, $100M closed
Surf Air Mobility topped Q3 revenue guidance with $29.2M, up 6% sequentially on 42% On Demand surge, yet posted $9.9M Adjusted EBITDA loss in line. Airline ops notched second straight profitable quarter. Closed $100M deal—$26M equity for SurfOS, $74M note—to repay debt, cut $5.5M annual interest. Q4 revenue $25.5-27.5M; full-year at least $105M.
10-Q
Q3 FY2025 results
Surf Air Mobility posted Q3 revenue of $29.2M, up 3% y/y from $28.4M yet down from Q2 on unprofitable route exits, with on-demand up 40% y/y to $8.6M on larger jet charters while scheduled dipped 7% y/y to $20.6M. Operating loss widened to $16.5M from $8.6M y/y as G&A jumped on stock comp and salaries, yet tech/development costs fell 59% y/y post-Textron license stage; net loss hit $27.2M or $(0.64)/share on 42.4M diluted shares, versus $(0.94)/share prior (anti-dilution from equity raises). Cash burned to $7.1M from $21.7M year-start amid $45.8M YTD operating outflows, offset by $34.5M financing; long-term debt stood at $61.1M with Comvest at SOFR+5% due 2028. Shares outstanding tripled to 47M. GEM SPA offers $97.5M near-term capacity, but NYSE market cap deficiency risks delisting by November. EAS funding lapses post-November 18 threaten subsidies.
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