Filing Flows › Surf Air Mobility (SRFM) › Q2 2026
Surf Air Mobility (SRFM) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 10, 2026
Surf Air Mobility (SRFM) reported revenue of $29.5M for the second quarter 2026 (Q2 2026), +8% from a year earlier and +15% from the quarter before. Operating margin was -63.7%, net loss $28.1M (95.3% of revenue).
Surf Air Mobility, Q2 2026: revenue $29.5M (+8% year over year), operating margin -63.7%, net loss $28.1M, operating cash flow −$1.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $29.5M | +15% | +8% |
| Operating profit | −$18.8M | — | — |
| Net earnings | −$28.1M | — | — |
| Operating cash flow | −$1.2M | — | — |
What changed
Revenue was $29.5M in Q2 2026, up 8% year over year and up 15% from the previous quarter. Scheduled was the largest line at 59% of revenue. On Demand added $6.1M year over year (up 101%), 294% of the total change. Scheduled declined 19%.
Operating costs exceeded revenue by $18.8M, an operating margin of -63.7%. Total costs grew 11% against revenue growth of 8%. The fastest-growing cost line was Sales & marketing (+109%). The quarter ended with a net loss of $28.1M, wider than the previous quarter's $20.3M loss.
Operating cash flow was −$1.2M. Non-cash charges added back $2.5M of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items added $21.8M. Capital expenditures of $6.9M exceeded it, leaving free cash flow of −$8.0M.
Questions
What was Surf Air Mobility's revenue in the second quarter 2026?
Surf Air Mobility (SRFM) reported revenue of $29.5M for the second quarter 2026 (Q2 2026), +8% from a year earlier and +15% from the quarter before.
Was Surf Air Mobility profitable in the second quarter 2026?
Operating loss was $18.8M (-63.7% of revenue) and net loss $28.1M.
Source: Surf Air Mobility 10-Q on SEC EDGAR.