SURF AIR MOBILITY INC. updated its annual 2026 guidance (lowered).
“Improved Annual 2026 Adjusted EBITDA Guidance by Approximately 40% While Maintaining 2026 Revenue Guidance”
SURF AIR MOBILITY INC. — fact timeline
Source-grounded facts extracted from SURF AIR MOBILITY INC.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
SURF AIR MOBILITY INC. reported financial results for first quarter ended March 31, 2026.
“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”
SURF AIR MOBILITY INC. incurred loan of up to $15 million with LamVen at 12.5% per annum maturing April 20, 2029.
“the Company and two of its subsidiaries (such subsidiaries, the "Borrowers") entered into a promissory note with LamVen (the “Note”) in an aggregate principal amount of up to $15 million (the “Maximum Principal Amount”). Lender will advance funds (each, an "Advance") on request of the Company or any of the Borrowers; provided such Advances (i) may not exceed $5”
SURF AIR MOBILITY INC. entered into Note with LamVen valued at up to $15 million (effective 2026-04-20).
“the Company and two of its subsidiaries (such subsidiaries, the "Borrowers") entered into a promissory note with LamVen (the “Note”) in an aggregate principal amount of up to $15 million (the “Maximum Principal Amount”).”
SURF AIR MOBILITY INC. entered into Purchase Agreement with LamVen LLC and another institutional investor valued at approximately $15 million (effective 2026-04-20).
“On April 20, 2026, Surf Air Mobility, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with LamVen LLC (“LamVen”), an existing investor, and another institutional investor”
SURF AIR MOBILITY INC. updated its 2026 guidance (initiated).
“the Company is establishing 2026 revenue guidance 20 to 30 percent above the 2025 results.”
SURF AIR MOBILITY INC. reported full year ended December 31, 2025 results: revenue $106.6 million, net income $110.5 million.
“Revenue of $106.6 million for the full year 2025 decreased 10.8% compared to $119.4 million for the prior year.”
SURF AIR MOBILITY INC. reported fourth quarter ended December 31, 2025 results: revenue $26.4 million, net income $36.9 million.
“Revenue of $26.4 million for the fourth quarter of 2025 decreased 6% compared to $28.05 million for the same period of the prior year, meeting the Company’s expectation of $25.5 to $27.5 million.”
SURF AIR MOBILITY INC. issued 1,000,000 shares of Common Stock of common stock to Palantir Technologies Inc. for $3.32 per share.
“the Company issued 1,000,000 shares of Common Stock (the “Palantir Shares”) on November 10, 2025 at a price of $3.32 per share as a prepayment of consideration for license fees”
SURF AIR MOBILITY INC. issued convertible note to institutional investors for $74 million aggregate principal amount.
“iii. $74 million aggregate principal amount of senior secured convertible notes due 2028 (the “Note”) in a private placement”
SURF AIR MOBILITY INC. issued up to 2,048,195 shares of Common Stock of warrant to institutional investors for $3.32 per share and accompanying warrant.
“par value per share (the “Common Stock”) and accompanying warrants to purchase up to 3,975,901 shares of Common Stock (the “Registered Warrants”), at an offering price of $3.32 per share and accompanying warrant, in a registered direct offering (the “Registered Direct Offering”); ii. 2,048,195 shares of Common Stock (the “Private Placement Shares” and,”
SURF AIR MOBILITY INC. issued 2,048,195 shares of Common Stock of common stock to institutional investors for $3.32 per share and accompanying warrant.
“par value per share (the “Common Stock”) and accompanying warrants to purchase up to 3,975,901 shares of Common Stock (the “Registered Warrants”), at an offering price of $3.32 per share and accompanying warrant, in a registered direct offering (the “Registered Direct Offering”); ii. 2,048,195 shares of Common Stock (the “Private Placement Shares” and,”
SURF AIR MOBILITY INC. incurred senior notes of $74 million aggregate principal amount with certain institutional investors at will not accrue interest except in the event of an event of default maturing due 2028.
“$74 million aggregate principal amount of senior secured convertible notes due 2028 (the “Note”)”
Stan Little resigned as director at SURF AIR MOBILITY INC..
“On August 18, 2024, director Stan Little resigned from the Board of Directors of Surf Air Mobility Inc. (the “Company”), effective as of August 18, 2024.”
Stan Little resigned as Chief Executive Officer at SURF AIR MOBILITY INC..
“Ms. White replaces Stan Little, who has served as the Company’s Chief Executive Officer since July 2023.”
Deanna White was appointed as Interim Chief Executive Officer and Chief Operating Officer at SURF AIR MOBILITY INC..
“On May 14, 2024, the Company announced that Deanna White accepted an offer to become the Company’s Interim Chief Executive Officer and Chief Operating Officer effective May 15, 2024 (the “Effective Date”).”
SURF AIR MOBILITY INC. reported the first quarter ended March 31, 2024 results: revenue $30.6 million, net income $(37.0) million.
“Guidance and Announces CEO Transition Deanna White, former CFO, will become Chief Operating Officer and interim CEO, Stan Little to assume role of “Founder” Q1 2024 Revenue of $30.6 million, up 9.5% Year-Over-Year on a Pro Forma Basis, Beats Guidance LOS ANGELES – May 14, 2024 – Surf Air Mobility Inc. (NYSE: SRFM), a leading regional air mobility platform, today”
SURF AIR MOBILITY INC. received a nyse deficiency notice notice regarding minimum bid price (rules 802.01C).
“April 2, 2024, Surf Air Mobility Inc. (the “Company”) received a notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) indicating the Company is not in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of the Company’s common stock was less than $1.00 over a consecutive 30 trading-day period. The Notice has no immediate effect on the listing of the Company’s common stock. Section 802.01C also requires the Company to notify the NYSE, within 10 business days of receipt of the Notice, of its intent to cure this deficiency. The Compan”
SURF AIR MOBILITY INC. reported first quarter 2024 results: revenue in the range of $28.5 million to $29.5 million. Guidance initiated.
“FIRST QUARTER 2024 FINANCIAL OUTLOOK ● Revenue, in the range of $28.5 million to $29.5 million. ● Pro forma adjusted EBITDA, in the range of $(17.0) million to $(14.0) million, which excludes the expected impact of stock-based compensation, changes in fair value of financial instruments, and other non-recurring items.”
SURF AIR MOBILITY INC. reported fourth quarter ended December 31, 2023 results: revenue GAAP revenue of $26.8 million, net income GAAP Net Loss of $(110.5) million.
“GAAP revenue of $26.8 million. Pro forma revenue of $27.4 million for fourth quarter 2023, compared to $27.7 million for the same period of the prior year.”
SURF AIR MOBILITY INC. reported the year ended December 31, 2023 results: revenue GAAP revenue of $60.5 million, net income GAAP net loss of $(250.7) million.
“EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Surf Air Mobility Reports Financial Results for Fourth Quarter and Full Year Ended December 31, 2023 • Full year 2023 GAAP revenue of $60.5 million and Pro Forma revenue of $112.9 million, up 12% year-over-year, beating 2023 guidance. • Full year 2023 GAAP Net Loss of $(250.7) million and Pro Forma Net Loss of $(185.0)”
SURF AIR MOBILITY INC. incurred convertible notes of up to $35,200,000 with GEM Global Yield LLC SCS maturing fifth anniversary of the Closing Date.
“On March 1, 2024, Surf Air Mobility, Inc. (the “Company”) entered into a security purchase agreement (the “SPA”) with GEM Global Yield LLC SCS (“GEM”). Pursuant to the SPA, the Company has agreed to issue and sell to GEM, and GEM has agreed to purchase from the Company, a mandatory convertible security with a par amount of up to $35,200,000 (the “Mandatory Convertible Security”)”
SURF AIR MOBILITY INC. entered into Security Purchase Agreement with GEM Global Yield LLC SCS valued at up to $35,200,000 (effective 2024-03-01).
“On March 1, 2024, Surf Air Mobility, Inc. (the “Company”) entered into a security purchase agreement (the “SPA”) with GEM Global Yield LLC SCS (“GEM”).”
SURF AIR MOBILITY INC. entered into Term Sheet with GEM Global Yield LLC SCS valued at $35,200,000 (effective 2023-12-21).
“On December 21, 2023, Surf Air Mobility Inc. (the “Company”) executed and entered into a binding term (the “Term Sheet”) related to the potential issuance (the “Transaction”) of a mandatory convertible debenture with proceeds of $35,200,000 to GEM Global Yield LLC SCS (“GEM”).”
Deanna White resigned as Chief Financial Officer at SURF AIR MOBILITY INC..
“Mr. Reeves replaces Deanna White who has served as the Company’s Chief Financial Officer since December 2022.”
Oliver Reeves was appointed as Chief Financial Officer at SURF AIR MOBILITY INC..
“the Company announced that Oliver Reeves accepted an offer to become the Company’s Chief Financial Officer effective January 1, 2024”
SURF AIR MOBILITY INC. reported the third quarter ended September 30, 2023 results: revenue $21.9 million, net income $(74.6) million. Guidance reaffirmed.
“Surf Air Mobility Reports Revenue Growth In Third Quarter 2023 and Maintains Full Year Guidance Third Quarter 2023 GAAP Revenue of $21.9 million and Pro Forma 1 Revenue of $28.9 million, up 6.2% on a pro forma basis Year-Over-Year and On Track To Meet Full-year 2023 Guidance”
SURF AIR MOBILITY INC. amended Third Amendment to Data License Agreement with Textron Aviation Inc. and Textron Innovations Inc. valued at $25 million will be due in four installments (effective 2023-09-18).
“the Company, Textron Aviation Inc. and Textron Innovations Inc. entered into a Third Amendment to Data License Agreement (the “ Third Amendment ”), that amends that certain data license agreement entered into on September 15, 2022 (the “ DLA ”).”
SURF AIR MOBILITY INC. amended Amendment No. 4 to the Amended and Restated Share Purchase Agreement with GEM Global Yield LLC SCS and GEM Yield Bahamas Limited (effective 2023-09-18).
“On September 18, 2023, the Parties entered into that certain Amendment No. 4 to the Amended and Restated Share Purchase Agreement (“ Amendment No. 4 ”).”
SURF AIR MOBILITY INC. updated its second quarter ended June 30, 2023 guidance (raised).
“On August 16, 2023, Surf Air Mobility Inc. (the " Company ") issued (a) a press release announcing the Company’s financial results for the second quarter ended June 30, 2023”
SURF AIR MOBILITY INC. completed an acquisition involving Southern Airways Corporation for $81.25 million (closed 2023-07-27).
“a number of shares of Company Common Stock (the “ Aggregate Merger Consideration ”) equal to the greater of (a) shares of Company Common having an aggregate value equal to $81.25 million (based upon the opening price of shares of Company Common Stock on the New York Stock Exchange on July 27, 2023 when those shares were first listed and traded) and (b) 12.5% of”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.