---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-216802"
form_type: "8-K"
ticker: "SRFM"
cik: "0001936224"
company_name: "SURF AIR MOBILITY INC."
filed_at: "2026-05-11T20:15:18+00:00"
generated_at: "2026-05-11T22:11:17.943311+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-216802
- form_type: 8-K
- ticker: SRFM
- cik: 0001936224
- company_name: SURF AIR MOBILITY INC.
- filed_at: 2026-05-11T20:15:18+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1936224/000119312526216802/0001193125-26-216802-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1936224/000119312526216802/srfm-20260511.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-216802
- JSON: https://secwatch.observer/filing/0001193125-26-216802.json
- Plain text: https://secwatch.observer/filing/0001193125-26-216802.txt

## Key facts
- Earnings Releases
  SURF AIR MOBILITY INC. updated its annual 2026 guidance (lowered).
  - Period: annual 2026
  - Guidance: lowered
  - Result: guidance update
  source text: Improved Annual 2026 Adjusted EBITDA Guidance by Approximately 40% While Maintaining 2026 Revenue Guidance
  evidence_url: https://www.sec.gov/Archives/edgar/data/1936224/000119312526216802/0001193125-26-216802-index.htm
- Earnings Releases
  SURF AIR MOBILITY INC. updated its annual 2026 guidance (lowered).
  - Period: annual 2026
  - Guidance: lowered
  - Result: guidance update
  source text: 2026 Adjusted EBITDA Guidance Improved by Approximately 40% While Maintaining 2026 Revenue Guidance ● In April 2026, the Company revised its 2026 Adjusted EBITDA loss guidance to $30 million to $25 million, an imp
  evidence_url: https://www.sec.gov/Archives/edgar/data/1936224/000119312526216802/0001193125-26-216802-index.htm
- Earnings Releases
  SURF AIR MOBILITY INC. reported financial results for first quarter ended March 31, 2026.
  - Period: first quarter ended March 31, 2026
  - Result: reported results
  source text: Surf Air Mobility Reports First Quarter 2026 Financial Results, Outperforming Adjusted EBITDA Guidance First Quarter Revenue of $25.6 Million, At the High End of the Guidance Range of $24 Million to $26 Million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1936224/000119312526216802/0001193125-26-216802-index.htm
- Earnings Releases
  SURF AIR MOBILITY INC. reported financial results for first quarter ended March 31, 2026.
  - Period: first quarter ended March 31, 2026
  - Result: reported results
  source text: Net loss was $20.3 million for the first quarter of 2026 compared to Net loss of $18.5 million in the prior year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1936224/000119312526216802/0001193125-26-216802-index.htm
- Earnings Releases
  SURF AIR MOBILITY INC. reported financial results for first quarter ended March 31, 2026.
  - Period: first quarter ended March 31, 2026
  - Result: reported results
  source text: Adjusted EBITDA loss of $12.3 million, exceeding guidance of $15.5 million to $13.5 million loss.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1936224/000119312526216802/0001193125-26-216802-index.htm

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