Austin Moeller

Amit Dayal

Benjamin Johnson

Dave Storms

David Joseph Storms

David Storms

- Surf Air Mobility reported **Q2 2025 revenue of $27 million**, exceeding its guidance, and narrowed its adjusted EBITDA loss to **$9.5 million**.  **[1936224_2157848_2]**  The company achieved profitability in its airline operations for the quarter and reiterated full-year guidance for at least **$100 million in revenue** and positive adjusted EBITDA in airline operations.  **[1936224_2157848_2]** 
- After Q2, the company entered a **five-year software license agreement** with Palantir Technologies, establishing Surf Air Mobility as Palantir's exclusive partner for configuring and selling software to Part 135 operators.  **[1936224_2157848_2]** **[1936224_2157848_3]**  Palantir is also one of Surf Air Mobility's largest shareholders.  **[1936224_2157848_2]** 
- The company is advancing its multi-year transformation plan, having completed the "transformation" phase in **2024** by improving its capital structure through **$50 million** in debt and **$32 million** in equity offerings, and reducing debt by **$45 million** via equity conversions.  **[1936224_2157848_1]** **[1936224_2157848_3]**  It is currently in the "optimization" phase, focusing on operational efficiencies.  **[1936224_2157848_1]** **[1936224_2157848_3]** 
- Surf Air Mobility continues to develop its AI-powered Surf OS software platform, with Broker OS and Operator OS modules currently live, and plans to commercialize these products to third parties starting in **2026**.  **[1936224_2157848_1]** **[1936224_2157848_2]**  It is also developing proprietary electric and hybrid-electric powertrains for the Cessna Grand Caravan under an exclusive agreement with Textron Aviation.  **[1936224_2157848_0]** **[1936224_2157848_1]**

SURF AIR MOBILITY (SRFM)