Surf Air Mobility Inc. (NYSE:SRFM) is positioning itself as the digital architect of the next era of flight, utilizing a strategic partnership with data analytics giant Palantir Technologies Inc. (NASDAQ:PLTR) to build the operating system for a future defined by electric aviation.Check out SRFM's stock price here.Building ‘Vertical AI’ For The SkiesWhile Surf Air is known for its regional flight network, Co-founder Sudhin Shahani revealed in a recent interview on Benzinga's Marketopolis podcast that the co ...

Core Viewpoint - Surf Air Mobility's stock has significantly declined from approximately $8.80 in mid-July to $2.63, primarily due to substantial net losses and concerns over shareholder dilution following equity offerings [2][3] Financial Performance - The company reported net losses of $27.2 million in Q3 2025 and $28.0 million in Q2 2025, indicating ongoing financial struggles [2] - Despite these losses, Surf Air surpassed revenue expectations in its Q3 earnings report and achieved a second consecutive quarter of profitability in airline operations when considering adjusted EBITDA [4] Strategic Initiatives - Surf Air is transitioning from a traditional airline model to a software infrastructure provider for advanced air mobility, with ambitions to electrify short-haul regional air travel through hybrid and fully electric propulsion systems [7] - The partnership with Palantir has been strengthened, with Palantir increasing its investment to nearly 20% ownership and providing AI technology for SurfOS, which aims to be the operating system for the aviation sector [8] Market Potential - The potential for SurfOS is significant, as it could serve as essential software for eVTOL manufacturers and regional airlines, managing operations and optimizing routes [9] - If SurfOS captures 10% of the software/platform segment in the advanced air mobility market, it could generate $150–$250 million in recurring revenue, supporting a valuation of $1.2-1.5 billion based on software multiples [12][13] Future Outlook - The company has a phased plan for SurfOS development, aiming to demonstrate operational efficiency improvements within 1-2 years, establish partnerships with eVTOL manufacturers in 2-4 years, and scale to dozens of operators in 4-6 years [10][11] - The transition from being an airline with software to a software company that understands aviation presents a high-risk, high-reward scenario, with the potential for a 10x return if successful [17]

Stonegate Capital Partners Updates Coverage On Surf Air Mobility Inc. (SRFM) 2025 Q3November 13, 2025 4:11 PM EST | Source: Reportable, Inc.Dallas, Texas--(Newsfile Corp. - November 13, 2025) - Surf Air Mobility Inc. (NYSE: SRFM): Stonegate Capital Partners updates their coverage on Surf Air Mobility Inc. (NYSE: SRFM). SRFM reported revenue, Adj. EBITDA, and Adj. EPS of $29.2M, ($9.9)M, and ($0.64), respectively. This performance reflects continued progress on the Transformation Plan, driven b ...

Group 1 - Surf Air Mobility Inc. (SRFM) stock has decreased nearly 35% since the last report, indicating significant volatility in its market performance [1] - The company is viewed as a speculative investment, particularly in the context of artificial intelligence and the electrification of aviation [1] - The analyst, Dhierin-Perkash Bechai, emphasizes the importance of data-informed analysis in identifying investment opportunities within the aerospace, defense, and airline sectors [1] Group 2 - The Aerospace Forum is highlighted as a leading investment research service focused on the aerospace, defense, and airline industries, providing access to proprietary data analytics [1] - The analyst's background in aerospace engineering contributes to a nuanced understanding of industry developments and their potential impact on investment strategies [1] - The forum aims to uncover growth prospects in a complex industry, suggesting a proactive approach to investment analysis [1]

Surf Air Mobility Inc. (SRFM) came out with a quarterly loss of $0.64 per share versus the Zacks Consensus Estimate of a loss of $0.61. This compares to a loss of $0.94 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.92%. A quarter ago, it was expected that this company would post a loss of $1.09 per share when it actually produced a loss of $0.93, delivering a surprise of +14.68%.Over the last four quarters, the company ha ...

Financial Data and Key Metrics Changes - The company reported third quarter revenue of $29,200,000, exceeding guidance of $27,000,000 to $28,500,000, and representing a 6% sequential increase from the second quarter [7][26] - Adjusted EBITDA loss for the third quarter was $9,900,000, within the guidance range, and the company raised its 2025 revenue guidance to at least $105,000,000 [7][26] - The company has improved its capital structure, reducing debt by $52,000,000 through pay downs and conversions to equity [5][24] Business Line Data and Key Metrics Changes - The on-demand business generated a 40% increase in revenue compared to both the second quarter and the same quarter of the prior year, benefiting from a shift in the mix of flying from turboprop to jet aircraft [9][26] - Scheduled service revenue decreased by 4% year-over-year, while on-demand revenue increased by 42% sequentially [26] - The airline operations achieved a second consecutive quarter of profitability, defined as positive adjusted EBITDA [27] Market Data and Key Metrics Changes - The company has flown over 300,000 passengers in the past twelve months, positioning itself as one of the largest commuter airlines in the country [10] - The company is well-positioned in the air mobility market, leveraging relationships with over 400 operators for its on-demand operations [10][11] Company Strategy and Development Direction - The company is executing a four-phase transformation plan aimed at building an air mobility platform and strengthening its financial position [4][14] - Plans include the commercialization of Surf OS in 2026, with three flagship products: BrokerOS, OperatorOS, and OwnerOS [14][15] - The company is pursuing strategies to showcase new technology in its airline operations and expand into new markets, particularly in Hawaii [16][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position to drive shareholder value and highlighted the successful execution of the transformation plan [21][55] - The company anticipates a runway of 18 to 24 months for the commercialization of Surf OS, supported by recent financing [30][46] - Management noted that the government shutdown has not significantly impacted operations, with no capacity reductions affecting their services [49][50] Other Important Information - The company has entered a five-year exclusive partnership with Palantir to leverage AI tools for developing an all-in-one software platform for the air mobility industry [11][12] - The company is targeting a supplemental type certificate for electrified powertrains by 2027, with plans to work with key organizations in the industry [20] Q&A Session Summary Question: What kind of cash runway do you have in terms of commercializing Surf OS? - The financing provides a runway of between 18 and 24 months for Surf OS [30] Question: Can you talk about your partnerships with Palantir and Beta Technologies? - The company is well-positioned to partner with various electrification technology providers, leveraging its regional air mobility operations [31][32] Question: Are there opportunities to lower operating costs over the next twelve to eighteen months? - The company is still optimizing airline operations and expects to achieve increased profitability and operational performance through technology [33][34] Question: How many more routes might you expect to remove from the scheduled business? - A few more exits are expected in the fourth quarter, with all unprofitable routes to be exited by the end of the year [40] Question: Can you speak to the path for the company to be debt-free? - The company has a clear path to becoming debt-free through the convertible note structure and successful execution of its transformation plan [44] Question: Any commentary around the recent government shutdown? - The company has not experienced significant impacts from the government shutdown, continuing operations without disruptions [49][50]

Core Insights - Surf Air Mobility Inc. has appointed Shawn Pelsinger to its Board of Directors, effective October 8, 2025 [1] Company Overview - Surf Air Mobility is recognized as a leading regional air mobility platform [1] - Shawn Pelsinger currently serves as Chief Legal Officer and Chief Administrative Officer at Acrisure, a global fintech provider [1]

Summary of Surf Air Mobility Conference Call Company Overview - Surf Air Mobility (NYSE: SRFM) is a leading air mobility platform and one of the largest commuter airlines in the U.S. by scheduled departures [1] - The company operates as the largest U.S. passenger operator of Cessna Caravans and is developing an AI-powered software platform called Surf OS in partnership with Palantir Technologies [1][5] - Surf Air Mobility is also focused on commercializing electrified aircraft and creating proprietary powertrain technology for the Cessna Caravan under an exclusive agreement with Textron Aviation [1] Core Business Units - The company has two distinct business units: 1. **Air Mobility**: Scheduled and charter flight operations in the Part 135 space 2. **Air Technology**: Focused on Surf OS software platform and powertrain electrification initiatives [5][7] Recent Performance and Financials - In the last 12 months, Surf Air Mobility flew approximately 320,000 passengers [5] - Q2 revenue was reported at $27 million, exceeding guidance of $23.5 to $26.5 million [13] - Adjusted EBITDA loss narrowed to $9.5 million, better than the guidance range of $10 to $13 million [13] - Key operating performance measures improved significantly, achieving profitability in airline operations for Q2 [13] Strategic Partnerships and Agreements - Signed a five-year software license agreement with Palantir Technologies, becoming their exclusive partner for software configuration and sales for Part 135 operators [16] - Palantir Technologies is also one of Surf Air Mobility's largest shareholders, aligning interests [17] Transformation Plan - The company implemented a four-stage transformation plan: 1. **Transformation**: Completed in 2024, focused on improving capital structure and management team [11] 2. **Optimization**: Currently in this phase, optimizing airline operations and implementing Surf OS technology [11] 3. **Expansion and Acceleration**: Planned for 2026 and 2027, including launching new routes and deploying electric aircraft [12] Technology Initiatives - Surf OS includes modules like Broker OS and Operator OS, which are currently live and being utilized within the company's operations [8][15] - The company is developing proprietary electric and hybrid electric powertrains for the Cessna Grand Caravan, aimed at reducing costs and emissions [9] Future Outlook - The company aims to achieve at least $100 million in revenue for the year and a positive adjusted EBITDA in airline operations [15] - Plans to launch new routes and expand product offerings in the Part 135 marketplace [12][21] - The transformation plan is focused on profitable growth, with a strong operational team and unique agreements with partners [21][23] Key Takeaways - Surf Air Mobility is positioned to leverage technology for growth in the air mobility sector, with a strong focus on electrification and operational efficiency [1][21] - The company is on track to achieve its financial goals and is making significant progress in its transformation initiatives [15][21]

Core Viewpoint - Surf Air Mobility Inc. (SRFM) has been upgraded to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - Rising earnings estimates for Surf Air Mobility Inc. indicate an improvement in the company's underlying business, likely leading to an increase in stock price [5][10]. Zacks Rating System - The Zacks Rank stock-rating system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have generated an average annual return of +25% since 1988 [7][9]. - The upgrade of Surf Air Mobility Inc. to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [10]. Earnings Estimate Revisions - For the fiscal year ending December 2025, Surf Air Mobility Inc. is expected to earn -$3.61 per share, with no year-over-year change [8]. - Over the past three months, the Zacks Consensus Estimate for Surf Air Mobility Inc. has increased by 7.5%, reflecting positive sentiment among analysts [8].

Summary of Surf Air Mobility Conference Call Company Overview - **Company**: Surf Air Mobility - **Ticker Symbol**: SRFM - **Industry**: Regional Air Services and Technology Key Points and Arguments Business Transformation - Surf Air Mobility is undergoing a four-phase transformation plan initiated in 2024, focusing on improving capital structure and liquidity [3][16] - The company has raised both debt and equity to support its turnaround efforts, enhancing its balance sheet [3][18] - New management with extensive aviation experience has been brought in to drive the transformation [3] Airline Operations - Surf Air Mobility is one of the largest commuter airlines in the U.S., operating a fleet of 45 Cessna Caravans [4] - The airline operations have shown significant improvements, with double-digit growth in operational metrics compared to the previous year [8] - The company aims to exit 2025 with profitability in its airline operations, having already achieved profitability in the second quarter of the current year [8][17] Technology Development - The company is developing a software platform for the Part 135 industry in partnership with Palantir Technologies, which owns 10% of Surf Air Mobility [4][10] - The SurfOS product is designed to address the needs of various stakeholders in the general aviation space, including brokers, operators, and aircraft owners [10][21] - The technology aims to bring efficiency and productivity to a fragmented market that currently relies heavily on outdated methods [10][21] Electrification Initiative - Surf Air Mobility is pursuing an electrification initiative to develop fully electric and hybrid-electric powertrains, which will reduce operating costs and emissions [5][28] - The company has identified supply chain partners to help fund this electrification project [5] Market Potential - The global market for regional air mobility is estimated to be between $75 billion and $115 billion by 2035, with the U.S. market alone exceeding $15 billion [22] - Surf Air Mobility plans to leverage existing infrastructure, such as underutilized public use airports, to facilitate growth in air mobility [14] Financial Strategy - The company has taken significant steps to strengthen its balance sheet, including a $50 million term loan and raising $45 million in equity [16][18] - The reduction in cash burn and improved flight completion rates (from 82% to 95%) are direct results of these financial strategies [17] - Future financing will be opportunistic, aimed at accelerating the transformation plan and commercial rollout of SurfOS [22] Competitive Advantage - Surf Air Mobility's operational experience and existing airline operations provide a competitive edge in testing and deploying new technologies [26][27] - The platform is agnostic to aircraft type, allowing for integration with various electric aircraft, enhancing operational flexibility [28] Additional Important Insights - The company is focused on monetizing its technology products starting in 2026, transitioning its on-demand business from a cost center to a profit center [12] - The partnership with Palantir Technologies is crucial for developing data-driven solutions tailored to the needs of the Part 135 market [20][21] - Surf Air Mobility's strategy emphasizes modularity in its technology offerings, allowing for customization based on stakeholder requirements [20][21]