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Surf Air Mobility SRFM Q2 2026 earnings

Reported August 10, 2026 · After market close

Revenue$29.5MBeat by $1.3M
EPS-$0.29Miss by $0.12
Revenue estimate$28.2M
EPS estimate-$0.17
The second quarter was strong. We delivered revenue at the high end of our guidance range and Adjusted EBITDA within our range, and we did so during one of the most volatile fuel cost environments the industry has experienced. Over the last year and a half, our Transformation Plan has focused on foundational work: building SurfOS, lowering our cost structure, rationalizing our route network, modernizing our fleet, and restructuring our balance sheet. As we shift our focus to the Expansion Phase of the plan, we believe the Company is now positioned to pursue revenue growth and improved profitability simultaneously.
Deanna White

Next report

Nov 11, 2026 (in 2 months)
Revenue estimate$35.6M
EPS estimate-$0.13

Financials

Q2 2026

Income statement

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Revenue$29.5M+7.6%
Gross profit$62.0K-98.2%
Operating income-$18.8M-18.0%
Net income-$28.1M-0.5%
EPS (diluted)-$0.29+78.4%

Balance sheet

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Cash & equivalents$18.4M-18.4%
Total debt$38.1M-51.6%
Total equity-$42.5M+63.2%
Total assets$140.7M+9.1%

Cash flow

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Operating cash flow-$1.2M+89.1%
CapEx$6.9M+468%
Free cash flow-$8.0M+32.2%

Valuation & ratios

Valuation

as of 09/16/26
See full
Market cap$57.94M-68.8%
Enterprise value$77.62M-67.9%
P/S0.5×-1.2×

Profitability

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Gross margin1.8%-2.7pp
Operating margin-67.3%
Net margin-101.6%+615pp
FCF margin-58%-8.5pp

Returns & leverage

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Current ratio0.3×-0.1×

Segments

By segment

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Air Mobility$29.5M+7.6%

FAQ

When did Surf Air Mobility report Q2 2026 earnings?
Surf Air Mobility (SRFM) reported Q2 2026 earnings on August 10, 2026 after market close.
What were Surf Air Mobility's Q2 2026 revenue and EPS?
Surf Air Mobility reported revenue of $29.5M and eps of $-0.29 for Q2 2026.
Did Surf Air Mobility beat estimates in Q2 2026?
Revenue beat the consensus estimate of $28.2M by $1.3M. EPS missed the consensus estimate of $-0.17 by $0.12.
How did Surf Air Mobility's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 7.6% from $27.4M a year earlier and eps grew 68.8% from $-0.93.
Where can I find Surf Air Mobility's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-342443) and the 10-Q periodic report (0001193125-26-342741) directly on SEC EDGAR. The filing index links above go to sec.gov.