Surf Air Mobility Inc. (NYSE: SRFM) reported Q3 EPS of ($0.64). Revenue for the quarter came in at $29.2 million versus the consensus estimate of $53 million.

GUIDANCE:

Surf Air Mobility Inc. sees Q4 2025 revenue of $25.5-26.5 million, versus the consensus of $27.92 million. Adjusted EBITDA loss in the range of $8 million to $6.5 million, which excludes the expected impact of stock-based compensation, changes in fair value of financial instruments, and other non-recurring items. The Adjusted EBITDA loss range for the fourth quarter reflects consistent performance against key operating metrics in airline operations as well as investments in R&D.

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