Surf Air Mobility Reports Q3 Revenue Growth and Revises EBITDA Guidance
Third-quarter revenue rose 25% year over year to $36.5 million, within the company's guidance range. Net loss narrowed to $20.4 million from $27.2 million, while adjusted EBITDA loss improved 32% to $6.7 million. The company reaffirmed its full-year revenue outlook but revised its adjusted EBITDA loss guidance, citing fuel costs and SurfOS rollout delays. Surf On Demand recorded 1,417 departures.
Surf Air Mobility reported third-quarter 2026 revenue of $36.5 million, representing a 25% year-over-year increase and falling within the company's guidance range. The company's net loss for the quarter was $20.4 million, an improvement from the $27.2 million loss reported in the same period last year. Adjusted EBITDA loss was $6.7 million, reflecting a 32% year-over-year improvement. While the company reaffirmed its full-year revenue outlook, it revised its Adjusted EBITDA loss guidance, citing factors such as fuel costs and implementation delays related to the rollout of its SurfOS platform.
The quarter also saw record performance for the Surf On Demand business, which reached 1,417 departures.