---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-038109"
form_type: "8-K"
ticker: "SRFM"
cik: "0001936224"
company_name: "SURF AIR MOBILITY INC."
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T06:42:37.549232+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Surf Air Mobility FY24 rev beat guidance $112.9M pro forma; GAAP loss $(250.7)M; Q1 rev guided $28.5-29.5M

## Summary
- FY23 GAAP revenue $60.5M; pro forma revenue $112.9M (+12% YoY), beating 2023 guidance.
- FY23 GAAP net loss $(250.7)M vs $(74.4)M prior year; pro forma net loss $(185.0)M.
- FY23 pro forma adjusted EBITDA $(50.9)M, achieving guidance; Q4 adj EBITDA $(18.4)M.
- Q1 2024 revenue guidance $28.5-29.5M; pro forma adj EBITDA guidance $(14.0)-$(17.0)M.
- Signed MOUs for electric Caravan conversion with African carriers (13% of fleet); partnerships with Palantir, Electra.aero.

## SEC filing metadata
- accession: 0000950170-24-038109
- form_type: 8-K
- ticker: SRFM
- cik: 0001936224
- company_name: SURF AIR MOBILITY INC.
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1936224/000095017024038109/0000950170-24-038109-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1936224/000095017024038109/srfm-20240328.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-038109
- JSON: https://secwatch.observer/filing/0000950170-24-038109.json
- Plain text: https://secwatch.observer/filing/0000950170-24-038109.txt

## Key facts
- Earnings Releases
  SURF AIR MOBILITY INC. reported first quarter 2024 results: revenue in the range of $28.5 million to $29.5 million. Guidance initiated.
  - Period: first quarter 2024
  - Revenue: in the range of $28.5 million to $29.5 million
  - Guidance: initiated
  - Result: guidance update
  source text: FIRST QUARTER 2024 FINANCIAL OUTLOOK ● Revenue, in the range of $28.5 million to $29.5 million. ● Pro forma adjusted EBITDA, in the range of $(17.0) million to $(14.0) million, which excludes the expected impact of stock-based compensation, changes in fair value of financial instruments, and other non-recurring items.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1936224/000095017024038109/0000950170-24-038109-index.htm
- Earnings Releases
  SURF AIR MOBILITY INC. reported fourth quarter ended December 31, 2023 results: revenue GAAP revenue of $26.8 million, net income GAAP Net Loss of $(110.5) million.
  - Period: fourth quarter ended December 31, 2023
  - Revenue: GAAP revenue of $26.8 million
  - Net income: GAAP Net Loss of $(110.5) million
  - Result: reported results
  source text: GAAP revenue of $26.8 million. Pro forma revenue of $27.4 million for fourth quarter 2023, compared to $27.7 million for the same period of the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1936224/000095017024038109/0000950170-24-038109-index.htm
- Earnings Releases
  SURF AIR MOBILITY INC. reported the year ended December 31, 2023 results: revenue GAAP revenue of $60.5 million, net income GAAP net loss of $(250.7) million.
  - Period: the year ended December 31, 2023
  - Revenue: GAAP revenue of $60.5 million
  - Net income: GAAP net loss of $(250.7) million
  - Result: reported results
  source text: EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Surf Air Mobility Reports Financial Results for Fourth Quarter and Full Year Ended December 31, 2023 • Full year 2023 GAAP revenue of $60.5 million and Pro Forma revenue of $112.9 million, up 12% year-over-year, beating 2023 guidance. • Full year 2023 GAAP Net Loss of $(250.7) million and Pro Forma Net Loss of $(185.0)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1936224/000095017024038109/0000950170-24-038109-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.