Surf Air Mobility Q2 revenue beats estimates

Surf Air Mobility

12/08/2025 21:34

Overview

Surf Air Mobility Q2 revenue of $27.4 mln beats analyst expectations

Adjusted EBITDA loss of $9.5 mln outperforms company guidance

Co raised $44.7 mln equity capital, strengthening balance sheet

Outlook

Company expects Q3 revenue between $27.0 mln and $28.5 mln

Surf Air Mobility projects Q3 adjusted EBITDA loss of $10.0 mln to $8.5 mln

Company reaffirms 2025 revenue to exceed $100 mln

Surf Air Mobility anticipates airline operations profitability in 2025

Result Drivers

SCHEDULED SERVICE GROWTH - Scheduled Service revenue grew over 20%, driven by improved operational performance

ON DEMAND IMPROVEMENT - On Demand revenue increased by over 5%, aided by more charter flights and BrokerOS software impact

EQUITY CAPITAL RAISED - Co raised $44.7 mln in equity capital, enhancing its balance sheet and strategic execution

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$27.43 mln
$25.20 mln (2 Analysts)
Q2 EPS
-$1.34
Q2 Net Income
Miss
-$28 mln
-$18.40 mln (1 Analyst)
Q2 Operating Income
Miss
-$15.93 mln
-$14.90 mln (1 Analyst)
Q2 Pretax Profit
Miss
-$28.06 mln
-$18.50 mln (1 Analyst)
Q2 Operating Expenses
$43.36 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the airlines peer group is "buy"

Wall Street's median 12-month price target for Surf Air Mobility Inc is $7.50, about 45.1% above its August 11 closing price of $4.12

Press Release: ID:nBw1rrgdFa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)