NYSE$SRFM
Surf Air Mobility Inc · Q4 2026 earnings
Q4 2026 earnings · · After market close
Briefing
Surf Air Mobility reported fiscal Q4 2026 revenue of $25.6M (+9% YoY) and a net loss of $20.3M.
For the three months ended March 31, 2026 (fiscal Q4), Surf Air Mobility reported revenue of $25.6 million, up 9% from $23.5 million, with on-demand revenue up 77% to $10.2 million while scheduled revenue declined 13%. Operating loss was $13.4 million; net loss was $20.3 million as fair-value and interest items weighed on results. Cost of revenue rose with charter volume mix.
- Revenue $25.6M (+9% YoY); on-demand $10.2M (+77%).
- Scheduled revenue $15.5M (-13%) on route rationalization.
- Operating loss $13.4M; net loss $20.3M.
- G&A down sharply YoY on cost actions.
- Regional air mobility model still scaling toward profitability.
Headline financials
Revenue & EPS history
Surf Air Mobility Inc · Revenue · Quarterly
$25.6M
Forward guidance
MD&A focuses on fleet utilization, on-demand growth, and exiting unprofitable scheduled routes.
Tailwinds
- On-demand revenue growth and margin improvement efforts.
- Operating expense down YoY.
Headwinds
- Net loss persists; scheduled segment shrinking.
- Fair-value losses on financial instruments.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 6 quarterly earnings reports · overlaid with Q4 2026
-4.0%
Avg return
Earnings day
-8.4%
Avg return
5 days after
-4.4%
Avg return
30 days after
38%
3 / 8 earnings
Positive
+4.7%
Q1 2025
Best reaction
-13.6%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | -8.8% | -12.4% | -19.0% | |
| Q3 2025 | -8.5% | -19.0% | -28.6% | |
| Q1 2025 | +4.7% | -4.7% | -18.6% | |
| Q3 2024 | -6.0% | +19.7% | +118.6% | |
| Q2 2024 | +3.7% | -21.0% | -39.4% | |
| Q1 2024 | -13.6% | -18.2% | -39.7% | |
| Q3 2023 | -4.6% | -32.3% | -23.9% | |
| Q2 2023 | +0.7% | +20.6% | +15.6% |
Discussion
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