Surf Air Mobility Q1 revenue $25.6M; adjusted EBITDA loss $12.3M beats guidance

SURF AIR MOBILITY INC.

• Total revenue $25.6M, at high end of $24-26M guidance, up 9% YoY.
• Net loss $20.3M vs $18.5M YoY; adjusted EBITDA loss $12.3M, better than $13.5-15.5M guidance.
• Scheduled service revenue $15.5M (-13% YoY); On Demand charter $10.1M (+77% YoY).
• 2026 adjusted EBITDA loss guidance improved ~40% to $25-30M; revenue guidance unchanged at $128-138M.
• Raised $30M in April ($15M debt, $15M equity); co-founders bought ~$5.3M of stock.

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