secwatch.observer — SEC 8-K summary
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Issuer:     SURF AIR MOBILITY INC. (SRFM)
CIK:        0001936224
Form:       8-K
Filed at:   2026-05-11T20:15:18+00:00
Accession:  0001193125-26-216802
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1936224/000119312526216802/0001193125-26-216802-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1936224/000119312526216802/srfm-20260511.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-216802

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer