Filing Flows › Surf Air Mobility (SRFM) › Q3 2026
Surf Air Mobility (SRFM) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Surf Air Mobility (SRFM) reported revenue of $36.5M for the third quarter 2026 (Q3 2026), +25% from a year earlier and +24% from the quarter before. Operating margin was -43.8%, net loss $20.4M (55.9% of revenue).
Surf Air Mobility, Q3 2026: revenue $36.5M (+25% year over year), operating margin -43.8%, net loss $20.4M, operating cash flow −$21.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $36.5M | +24% | +25% |
| Operating profit | −$16.0M | — | — |
| Net earnings | −$20.4M | — | — |
| Operating cash flow | −$21.2M | — | — |
What changed
Revenue was $36.5M in Q3 2026, up 25% year over year and up 24% from the previous quarter. On Demand was the largest line at 52% of revenue. On Demand added $10.4M year over year (up 121%), 143% of the total change. Scheduled declined 15%.
Operating costs exceeded revenue by $16.0M, an operating margin of -43.8%. Total costs grew 15% against revenue growth of 25%. The fastest-growing cost line was Cost of revenue (+21%). The quarter ended with a net loss of $20.4M, narrower than the previous quarter's $28.1M loss.
Operating cash flow was −$21.2M. Non-cash charges added back $2.9M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items used $5.4M. Capital expenditures of $599K exceeded it, leaving free cash flow of −$21.8M.
Questions
What was Surf Air Mobility's revenue in the third quarter 2026?
Surf Air Mobility (SRFM) reported revenue of $36.5M for the third quarter 2026 (Q3 2026), +25% from a year earlier and +24% from the quarter before.
Was Surf Air Mobility profitable in the third quarter 2026?
Operating loss was $16.0M (-43.8% of revenue) and net loss $20.4M.
Source: Surf Air Mobility 10-Q on SEC EDGAR.