Surf Air Mobility Inc. Stock Price, News & Analysis

Surf Air Mobility (NYSE: SRFM) reported 3Q25 results and Stonegate Capital Partners updated coverage on November 13, 2025. Key metrics: revenue $29.2M, Adjusted EBITDA ($9.9M), and Adjusted EPS ($0.64). Revenue exceeded guidance with 6% sequential growth and 3% year-over-year, driven by a 42% increase in On Demand. Airline operations delivered a second consecutive quarter of positive Adjusted EBITDA. Subsequent to the quarter SRFM closed a $100M strategic transaction in November 2025 to fund SurfOS and refinance debt, which refinanced higher-cost debt and reduced annual cash interest. Stonegate says these actions position SRFM for Phase 3 of its transformation plan expected to begin in FY26.

Surf Air Mobility (NYSE: SRFM) reported Q3 2025 revenue of $29.2 million, above its guidance range of $27.0–28.5 million, and an Adjusted EBITDA loss of $9.9 million, in line with guidance. Airline operations achieved a second consecutive quarter of positive Adjusted EBITDA. The company reported a Q3 net loss of $27.2 million.

Surf Air closed a $100 million strategic transaction (including $26 million equity and a $74 million senior secured convertible note) to fund SurfOS development and strengthen the balance sheet; the company expects to lower annual cash interest expense by ~$5.5 million. Fourth-quarter revenue is guided to $25.5–27.5 million, and full-year 2025 revenue guidance was raised to at least $105 million. The company also signed a five-year Palantir exclusivity agreement for Part 135 software sales.

Surf Air Mobility (NYSE: SRFM) announced a $100 million strategic transaction on November 10, 2025 to accelerate SurfOS commercialization and strengthen its balance sheet.

The deal includes $26 million of new equity (6,024,096 shares and matching warrants exercisable at $3.32) to fund SurfOS development and go‑to‑market activity, $6 million of common stock issued to Palantir (NASDAQ: PLTR) as prepayment for software/services, and a $74 million senior secured convertible note sold at 87.8% of face value (aggregate gross proceeds $65 million) to refinance existing debt.

Proceeds will repay $51 million under a Comvest affiliate credit facility and $8 million to Partners For Growth, lower annual cash interest by ~$5.5 million, and reduce consolidated net debt by 37.3% to $87.2 million.

Surf Air Mobility (NYSE: SRFM) will release its third quarter 2025 financial results after market close on Wednesday, November 12, 2025. The company will host a live webcast the same day at 5:00 pm ET for investors and analysts.

Interested parties can register in advance via the investor relations Events & Presentations page or join the call by dialing North America toll-free (800) 715-9871 or International toll (646) 307-1963 using Conference ID: 4775356.

Surf Air Mobility (NYSE: SRFM) appointed Shawn Pelsinger to its Board of Directors effective October 8, 2025. Pelsinger is currently Chief Legal Officer and Chief Administrative Officer at Acrisure and served at Palantir from March 2015–April 2025. He helped establish the Palantir–Surf Air Mobility strategic relationship in 2021 and will advise on commercialization of SurfOS™, powered by Palantir’s AI and Foundry platforms. His background includes creating aviation data platforms (Skywise) and serving on Palantir subsidiary boards in Japan and Korea. The appointment is positioned to support SurfOS go-to-market, partnerships, and governance.

Surf Air Mobility (NYSE:SRFM), a regional air mobility platform, announced its participation in the H.C. Wainwright 27th Annual Global Investment Conference. CEO and COO Deanna White and CFO Oliver Reeves will present on September 9, 2025, at 10:00 AM ET in New York City.

The presentation will be accessible through the company's Investor Relations website, with the webcast replay available for 90 days following the event.

Surf Air Mobility (NYSE:SRFM) reported Q2 2025 results exceeding guidance, with revenue of $27.4M and Adjusted EBITDA loss of $9.5M. The company achieved a significant milestone with its airline operations turning profitable on an Adjusted EBITDA basis, supported by a 95% completion factor.

Key developments include raising $44.7M in equity capital, converting $29.9M of notes to equity, and securing a five-year exclusive software partnership with Palantir. The quarter also saw two EAS contract renewals and a new interline agreement with Japan Airlines, alongside six new LOI agreements.

Surf Air Mobility (NYSE:SRFM) participated in demonstration flights of Electra's EL2 technology demonstrator aircraft, which successfully showcased ultra-short takeoff and landing capabilities under 150 feet at Virginia Tech. The demonstration marks progress toward Electra's EL9 Ultra Short nine-passenger aircraft, scheduled for commercial service in 2029.

Through its proprietary SurfOS™ software platform, Surf Air Mobility aims to accelerate the commercial deployment of Electra's electrified aircraft. The company has secured preferred delivery positions for 90 Electra Ultra Short aircraft. The partnership highlights potential expansion into thousands of new destinations using underutilized airstrips, college campuses, and difficult-to-reach environments.

Electra and Surf Air Mobility (NYSE: SRFM) have successfully completed the first public demonstrations of Ultra Short aircraft capabilities at Virginia Tech. The demonstrations showcased aircraft takeoffs and landings in spaces as small as 150 feet, utilizing Electra's EL2 technology demonstrator.

The tests were conducted at various Virginia Tech locations, including a 300-foot paved surface, an access road, and a grass field. Electra's flagship EL9 nine-passenger aircraft, set to enter service in 2029, will feature similar capabilities. The aircraft has garnered over 2,200 pre-orders from more than 60 operators worldwide.

The partnership leverages Surf Air Mobility's operational experience and proprietary SurfOS™ software to scale the deployment of next-generation electrified aircraft. The EL9 will operate at one-third the cost of helicopters or eVTOLs and be 100 times quieter, enabling Direct Aviation services for routes between 50 to 300 nautical miles.