Surf Air Mobility Inc. is a U.S.-based company specializing in electric aviation and broader air travel services. The firm provides an air mobility platform that includes both regular, scheduled flight routes and customized, on-demand charter services, with the latter being operated by partner carriers. Additionally, Surf Air Mobility offers aerial logistics and cargo transportation. Its corporate headquarters are situated in Hawthorne, California.
Stonegate Capital Partners Updates Coverage On Surf Air Mobility Inc. (SRFM) 2Q26
Stonegate Capital Partners issued a bullish update on Surf Air Mobility, noting that 2Q26 revenue of $29.5M hit the high end of guidance despite weather and fuel headwinds.
The report highlights the first SurfOS enterprise contract with Wheels Up, valued at up to $12M, and a 101% year-over-year surge in Surf On Demand revenue to $12.1M.
Post-quarter financing reduced the company's convertible principal by 64%, and management reaffirmed FY26 guidance while signaling a sequential earnings improvement in 3Q26.