Surf Air Mobility tops Q3 revenue guide ($27M–$28.5M); EBITDA in range

Surf Air Mobility Inc. (SRFM) issued preliminary, unaudited results for the quarter ended September 30, 2025.

Rhea-AI Filing Summary

Surf Air Mobility Inc. (SRFM) issued preliminary, unaudited results for the quarter ended September 30, 2025. Revenue is expected to exceed the prior guidance range of $27 million to $28.5 million, while Adjusted EBITDA is expected to be within the prior guidance range of $(10) million to $(8.5) million.

The company plans to release complete financial results and host a conference call on November 12, 2025. Management noted these figures may change as the financial reporting process concludes, and a reconciliation of Adjusted EBITDA to net income (loss) will be provided with the full results.

Insights

Equity research analyst

Revenue tracks above guidance; profitability metric in line.

Surf Air Mobility indicates revenue for the quarter ended September 30, 2025 will exceed the guidance range of $27M–$28.5M. Adjusted EBITDA remains within the guided loss range of $(10)M–$(8.5)M, suggesting operating results are consistent with expectations despite better top-line performance.

Because these are preliminary and unaudited, the precise magnitude of the revenue outperformance isn’t disclosed, and the Adjusted EBITDA reconciliation will follow with the full release on November 12, 2025. Actual impact depends on the final reported figures and any updates in the reconciliation.

8-K Event Classification

Item 2.02 — Results of Operations and Financial Condition

1 item

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did SRFM announce in its 8-K?

SRFM provided preliminary, unaudited results for the quarter ended September 30, 2025, noting revenue will exceed guidance and Adjusted EBITDA will be within guidance.

What revenue range did SRFM previously guide for the quarter?

The prior revenue guidance range was $27 million to $28.5 million.

What is the Adjusted EBITDA range SRFM referenced?

Adjusted EBITDA is expected within the prior guidance range of $(10) million to $(8.5) million.

When will SRFM release full results and host a call?

SRFM expects to release full results and host a conference call on November 12, 2025.

Are these SRFM results final?

No. They are preliminary and unaudited and may change upon completion of the financial reporting process.

Will SRFM provide an Adjusted EBITDA reconciliation?

Yes. SRFM expects to provide the reconciliation to net income (loss) with its complete results for the quarter.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 11/10/2025 - 08:27 AM Learn about SEC filing dates

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): November 10, 2025

SURF AIR MOBILITY INC.

(Exact name of registrant as specified in its charter)

Delaware		001-41759		36-5025592
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

12111 S. Crenshaw Blvd.

Hawthorne, CA 90250

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: (424) 332-5480

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class:		Trading Symbol(s)		Name of Each Exchange on Which Registered:
Common stock, par value $0.0001 per share		SRFM		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

Surf Air Mobility Inc. (the “Company”) is disclosing preliminary, unaudited financial results for the quarter ended September 30, 2025. Revenue for the quarter is expected to exceed the previously announced guidance range of $27 million to $28.5 million, and Adjusted EBITDA is expected to be within the previously announced guidance range of $(10) million to $(8.5) million. The Company expects to release its full financial results and host a conference call on November 12, 2025.

As these results are preliminary, and still subject to change as the Company completes its financial reporting process for the quarter ended September 30, 2025, a reconciliation of Adjusted EBITDA to net income loss cannot be provided for the range provided. The Company expects to provide such reconciliation when it announces its complete financial results for the quarter ended September 30, 2025.

The information set forth in this Item 2.02 is being furnished to and not filed with the Securities and Exchange Commission and shall not be deemed as incorporated by reference in any filing under the Securities Exchange Act of 1934, as amended, or the Securities Act of 1933, as amended, except to the extent specifically provided in any such filing.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

	SURF AIR MOBILITY INC.
Date: November 10, 2025	By:	/s/ Oliver Reeves
	Name:	Oliver Reeves
	Title:	Chief Financial Officer