Surf Air Mobility, Inc. ( (SRFM) ) has released its Q3 earnings. Here is a breakdown of the information Surf Air Mobility, Inc. presented to its investors.
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Surf Air Mobility, Inc., based in Los Angeles, is a prominent regional air mobility platform and commuter airline in the U.S., known for its development of AI-powered software and electrified aircraft technology for the Regional Air Mobility industry.
In its third-quarter 2025 earnings report, Surf Air Mobility announced a revenue of $29.2 million, surpassing its guidance range, and an adjusted EBITDA loss of $9.9 million, aligning with its expectations. The company also highlighted its second consecutive quarter of profitability in airline operations and a significant $100 million strategic transaction to fund its SurfOS platform.
Key financial highlights include a 6% sequential revenue increase, driven by a 42% rise in On Demand revenue, despite a 4% decrease in Scheduled Service revenue. The net loss for the quarter was $27.2 million, with a year-over-year increase attributed to higher non-cash expenses. The company also reported progress in its Transformation Plan, including a five-year agreement with Palantir and the closing of a strategic transaction to bolster its financial position.
Looking ahead, Surf Air Mobility has raised its full-year revenue guidance to at least $105 million and anticipates continued profitability in its airline operations. The company remains focused on optimizing its operations and expanding its software capabilities to capture a larger share of the air mobility market.