Surf Air Mobility Q3 revenue $29.2M beats guidance; raises FY rev outlook to at least $105M

SURF AIR MOBILITY INC.

2025-Q3 EPS reported -$2.74 vs consensus -$0.62 ▼ miss (-344.0%)

Revenue $29.2M exceeded guidance of $27-$28.5M; net loss $27.2M.
Adjusted EBITDA loss $9.9M met guidance; second consecutive quarter of airline ops profitability.
Closed $100M strategic transaction: $26M equity for SurfOS, $74M note from High Trail; repaid $59M debt, saving ~$5.5M annual interest.
Five-year exclusive Palantir agreement for Part 135 regional air mobility software.
Q4 rev guidance $25.5-$27.5M; FY rev raised to at least $105M; $35M convertible notes equitized.

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