secwatch.observer — SEC 8-K summary
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Issuer:     SURF AIR MOBILITY INC. (SRFM)
CIK:        0001936224
Form:       8-K
Filed at:   2026-08-10T20:19:17+00:00
Accession:  0001193125-26-342443
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Surf Air Q2 revenue $29.5M at high end of guidance; On Demand up 101%
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- Revenue $29.5M (high end of $27-30M guide), up 8% YoY; Surf On Demand charter revenue $12.1M, +101% YoY.
- Net loss $28.1M; Adjusted EBITDA loss $10.5M, within $10.5-8.5M guidance.
- Signed first SurfOS enterprise contract with Wheels Up worth up to $12M over 3 years; expanded Palantir partnership.
- Refinanced convertible note, cutting principal 64%, amortization up to 50%; new $17M note due 2027, $30M term note due 2028, plus $21.6M aircraft ABL.
- FY26 guidance: revenue $128-138M (+20-30% YoY), Adj EBITDA loss $30-25M (improved from prior $50-40M); Q3 guide $35.5-37.5M revenue, $7-4M EBITDA loss.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1936224/000119312526342443/0001193125-26-342443-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1936224/000119312526342443/srfm-20260810.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-342443

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