Surf Air Mobility Eyes $100M+ Revenue Target for 2025 and 2026 Software Rollout Amid Operational Turnaround

Surf Air Mobility has set a $100M+ revenue target for 2025 and plans to roll out new software in 2026. The company's CEO, Deanna White, reported "exceptional progress" in transforming Surf Air Mobility, citing the addition of a new leadership team, relocation of the systems operations center to Dallas, and hiring of new staff as key milestones in the company's operational turnaround.

Surf Air Mobility Inc. (NYSE: SRFM), a leading regional air mobility platform, reported its financial results for the second quarter of 2025, showcasing significant improvements in both revenue and profitability. The company exceeded its revenue guidance and outperformed adjusted EBITDA expectations, marking a notable turnaround in its financial performance.

Revenue and Profitability

The company reported a second-quarter revenue of $27.4 million, surpassing its guidance range of $23.5 to $26.5 million. This represents a 17% increase compared to the first quarter of 2025, driven by a 20% growth in scheduled service revenue and a 5% increase in on-demand revenue. Despite a 15% year-over-year decrease in revenue, primarily due to the exit of unprofitable scheduled routes, Surf Air Mobility maintained a strong focus on profitability.

Significantly, the company achieved profitability in its airline operations for the second quarter, a key milestone in its transformation plan. This was driven by a substantial improvement in controllable completion factor, rising from 82% to 95%, and a 26% decrease in on-demand revenue, which resulted in positive margins.

Balance Sheet Strengthening

Surf Air Mobility further strengthened its balance sheet by raising $44.7 million in equity capital during the second quarter. This capital infusion, combined with a $29.9 million equitization of convertible notes, significantly bolstered the company's financial position.

Software and Strategic Partnerships

The company also made significant strides in its software development and strategic partnerships. Surf Air Mobility entered a five-year agreement with Palantir, granting the company exclusivity in the configuration and sale of software to Part 135 regional air mobility market operators and charter brokers. This strategic partnership is expected to drive efficiencies and profitability through advanced software solutions.

Outlook and Future Plans

Looking ahead, Surf Air Mobility has set a $100 million+ revenue target for 2025 and plans to roll out new software solutions in 2026. The company's CEO, Deanna White, expressed confidence in achieving these goals, attributing the progress to a new leadership team, relocation of the systems operations center to Dallas, and the hiring of new staff.

Third Quarter and Full Year Guidance

For the third quarter of 2025, Surf Air Mobility expects revenue in the range of $27.0 million to $28.5 million and an adjusted EBITDA loss in the range of $10.0 million to $8.5 million. For the full year 2025, the company reaffirms its expectation that revenues will exceed $100 million and that airline operations will achieve profitability, defined as positive adjusted EBITDA.

Reference List

[1] https://www.morningstar.com/news/business-wire/20250812516742/surf-air-mobility-reports-second-quarter-2025-financial-results-exceeding-revenue-and-adjusted-ebitda-guidance