Stonegate Capital Partners Updates Coverage On Surf Air Mobility Inc. (SRFM) 2025 Q3
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 $100M strategic transaction in November 2025 to fund SurfOS and refinance debt, which refinanced higher-cost debt and reduced annual cash interest. Stonegate says these actions position SRFM for Phase 3 of its transformation plan expected to begin in FY26.
Surf Air Mobility (NYSE: SRFM) ha riportato i risultati del 3Q25 e Stonegate Capital Partners ha aggiornato la copertura il 13 novembre 2025. Metriche chiave: fatturato 29,2 milioni di dollari, EBITDA rettificato (9,9 milioni di dollari), e EPS rettificato (0,64 dollari). Il fatturato ha superato la guidance con una crescita sequenziale del 6% e del 3% anno su anno, trainata da un aumento del 42% in On Demand. Le operazioni aeree hanno registrato un secondo trimestre consecutivo con EBITDA rettificato positivo. Dopo il trimestre, SRFM ha chiuso una transazione strategica da 100 milioni di dollari nel novembre 2025 per finanziare SurfOS e rifinanziare il debito, che ha rifinanziato debito ad alto costo e ridotto gli interessi passivi annuali. Stonegate afferma che queste azioni posizionano SRFM per la Fase 3 del suo piano di trasformazione, previsto a partire dall'esercizio 2026.
Surf Air Mobility (NYSE: SRFM) informó los resultados del 3Q25 y Stonegate Capital Partners actualizó cobertura el 13 de noviembre de 2025. Métricas clave: ingresos de 29,2 M$, EBITDA ajustado (9,9 M$), y EPS ajustado (0,64$). Los ingresos superaron las previsiones con un crecimiento secuencial del 6% y un 3% interanual, impulsado por un aumento del 42% en On Demand. Las operaciones de aerolínea registraron un segundo trimestre consecutivo de EBITDA ajustado positivo. Posteriormente al trimestre, SRFM cerró una transacción estratégica de 100 M$ en noviembre de 2025 para financiar SurfOS y refinanciar la deuda, lo que refinanció deuda de alto costo y redujo los intereses en efectivo anuales. Stonegate dice que estas acciones posicionan a SRFM para la Fase 3 de su plan de transformación, que se espera comience en el año fiscal 2026.
Surf Air Mobility (NYSE: SRFM) 는 3Q25 실적을 발표했고 Stonegate Capital Partners가 2025년 11월 13일 커버리지를 업데이트했습니다. 주요 지표: 매출 2920만 달러, 조정 EBITDA(990만 달러), 및 조정 주당순이익(0.64 달러). 매출은 가이던스를 상회했으며 전년동기 대비 3%, 분기 대비 6%의 증가를 기록했고, On Demand가 42% 증가에 의해 견인되었습니다. 항공 운항은 조정 EBITDA 양의 두 번째 연속 분기를 기록했습니다. 분기 이후 SRFM은 2025년 11월에 SurfOS를 자금을 조달하고 부채를 재정비하기 위한 1억 달러 규모의 전략 거래를 성사시켰으며, 이는 고비용 부채를 재융자하고 연간 현금 이자 비용을 줄였습니다. Stonegate는 이러한 조치들이 FY26부터 시작될 SRFM의 전환 계획의 3단계에 위치시키고 있다고 말합니다.
Surf Air Mobility (NYSE: SRFM) a publié les résultats du 3T25 et Stonegate Capital Partners a mis à jour sa couverture le 13 novembre 2025. Principales métriques : chiffre d'affaires 29,2 M$, EBITDA ajusté (9,9 M$), et EPS ajusté (0,64 $). Le chiffre d'affaires a dépassé les prévisions avec une croissance séquentielle de 6% et 3% en glissement annuel, tiré par une augmentation de 42% d'On Demand. Les opérations aériennes ont enregistré un deuxième trimestre consécutif d'EBITDA ajusté positif. Après le trimestre, SRFM a conclu une transaction stratégique de 100 M$ en novembre 2025 pour financer SurfOS et refinancer la dette, ce qui a refinancé une dette à coût élevé et réduit les intérêts annuels en espèces. Stonegate affirme que ces actions positionnent SRFM pour la Phase 3 de son plan de transformation, qui devrait commencer au cours de l'exercice 2026.
Surf Air Mobility (NYSE: SRFM) berichtete über die Ergebnisse des 3Q25, und Stonegate Capital Partners hat am 13. November 2025 eine aktualisierte Berichterstattung veröffentlicht. Wichtige Kennzahlen: Umsatz 29,2 Mio. USD, bereinigtes EBITDA (9,9 Mio. USD), und bereinigter Gewinn je Aktie (0,64 USD). Der Umsatz übertraf die Prognose mit 6 % sequenziellem Wachstum und 3 % YoY, getragen von einem 42 %-Anstieg bei On Demand. Die Flugoperationen verzeichneten das zweite aufeinanderfolgende Quartal mit positivem bereinigtem EBITDA. Nach dem Quartal schloss SRFM im November 2025 eine strategische Transaktion über 100 Mio. USD ab, um SurfOS zu finanzieren und Schulden umzuschulden, wodurch teurere Schulden refinanziert und die jährlichen Cash-Zinsen reduziert wurden. Stonegate sagt, dass diese Maßnahmen SRFM für Phase 3 des Transformationsplans positionieren, die voraussichtlich im Geschäftsjahr 2026 beginnt.
Surf Air Mobility (NYSE: SRFM) أبلغت عن نتائج الربع الثالث لعام 25 وتحديثت Stonegate Capital Partners التغطية في 13 نوفمبر 2025. المؤشرات الرئيسية: الإيرادات 29.2 مليون دولار، EBITDA المعدل (9.9 مليون دولار)، و الأرباح الموزعة المعدلة للسهم (0.64 دولار). تجاوزت الإيرادات التوجيه مع نمو متسلسل بنسبة 6% و بنسبة 3% على أساس سنوي، مدفوعًا بـ زيادة 42% في On Demand. عمليات الشحن الجوية حققت ربعًا ثانيًا متتاليًا من EBITDA المعدل الإيجابي. بعد الربع، أغلقت SRFM صفقة استراتيجية بقيمة 100 مليون دولار في نوفمبر 2025 لتمويل SurfOS وإعادة تمويل الدين، الأمر الذي أعاد تمويل ديون عالية التكلفة وخفض الفوائد النقدية السنوية. تقول Stonegate إن هذه الإجراءات تضع SRFM في المرحلة 3 من خطة التحول والتي من المتوقع أن تبدأ في السنة المالية 2026.
- Revenue of $29.2M in 3Q25
- Revenue +6% sequential and +3% YoY
- On Demand volume +42%
- Closed a $100M strategic transaction in November 2025
- Airline operations: second consecutive quarter of positive Adjusted EBITDA
- Adjusted EBITDA loss of $9.9M in 3Q25
- Adjusted EPS of ($0.64)
Dallas, Texas--(Newsfile Corp. - November 13, 2025) - Surf Air Mobility Inc. (NYSE: SRFM): Stonegate Capital Partners updates their coverage on Surf Air Mobility Inc. (NYSE: SRFM). SRFM reported revenue, Adj. EBITDA, and Adj. EPS of
To view the full announcement, including downloadable images, bios, and more, click here.
Key Takeaways:
- In 3Q25, revenue was
$29.2M exceeding guidance with6% sequential growth and3% year over year as On Demand rose42% . - Adjusted EBITDA loss was
$9.9M , in line with guidance while airline operations delivered a second consecutive quarter of positive Adjusted EBITDA. - SRFM closed a
$100M strategic transaction in November of 2025 to fund SurfOS and refinance debt.
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About Stonegate
Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking services for public and private companies.
Contacts:
Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com
Source: Stonegate, Inc.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274440
FAQ
What were Surf Air Mobility (SRFM) 3Q25 revenue and EPS reported on November 13, 2025?
How did Surf Air Mobility (SRFM) On Demand perform in 3Q25?
What was Surf Air Mobility (SRFM) 3Q25 Adjusted EBITDA and guidance status?
What capital action did Surf Air Mobility (SRFM) complete after 3Q25?
How did Surf Air Mobility (SRFM) improve operations in 3Q25?
When does Stonegate expect Surf Air Mobility (SRFM) to begin Phase 3 of its transformation plan?
