Surf Air Mobility Inc (NYSE:SRFM)

Q1 2026 Surf Air Mobility Inc Earnings Call Transcript

May 11, 2026 / 09:00 PM GMT

Release Date Price: $1.35

Transcript 10-Q8-K

Key Points

Positve

Surf Air Mobility Inc (SRFM) reported Q1 2026 revenue of $25.6 million, at the high end of their guidance range.
The company improved its 2026 adjusted EBITDA guidance by approximately 40%, reflecting better cost management and operational efficiencies.
Surf on Demand private charter revenue grew 77% year-over-year, marking the strongest quarter since inception.
The strategic partnership with Beta Technologies includes a firm order for 25 all-electric aircraft, positioning SRFM as a leader in electric aviation.
The implementation of SurfOS has led to significant operational efficiencies, including a 32% reduction in staffing requirements and a 17% reduction in professional services spend.

Negative

Scheduled service revenue decreased by 13% year-over-year due to the intentional exit of unprofitable routes.
Net loss for Q1 2026 was $20.3 million, an increase from the prior-year period, reflecting continued strategic investments.
Global fuel market volatility and adverse weather in Hawaii negatively impacted Q2 guidance expectations.
The company faces challenges in scaling its BrokerOS and OperatorOS platforms, with longer conversion cycles for larger enterprise customers.
Despite improvements, the company still anticipates adjusted EBITDA loss for the second quarter of 2026.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SRFM.N - Surf Air Mobility Inc
Q1 2026 Surf Air Mobility Inc Earnings Call
May 11, 2026 / 09:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Good evening. My name is Christine Nguyen, and I will be your conference operator today.

At this time, I would like to welcome everyone to the Surf Air Mobility First Quarter 2026 Earnings Call.

All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. If you would like to ask a question during this time, press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press star one again.

Thank you. I will now pass the call over to Sam Levinson. Please go ahead.

--------------------------------------------------------------------------------
Unidentified_2 [2]

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.