SURF AIR MOBILITY INC.
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 5, 2026
SRFM$0.74+5.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Operations
Three and Nine Months Ended September 30, 2026 and 2025
(in thousands, except share and per share data)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenue | $36,456 | $29,172 | $91,578 | $80,109 |
| Operating expenses: | ||||
| Cost of revenue, exclusive of depreciation and amortization | 33,485 | 27,662 | 88,878 | 76,696 |
| Technology and development | 1,428 | 2,327 | 5,654 | 8,012 |
| Sales and marketing | 2,417 | 2,060 | 7,519 | 5,214 |
| General and administrative | 12,237 | 11,200 | 29,784 | 34,173 |
| Depreciation and amortization | 2,851 | 2,423 | 7,858 | 7,012 |
| Total operating expenses | 52,418 | 45,672 | 139,693 | 131,107 |
| Operating loss | $(15,962) | $(16,500) | $(48,115) | $(50,998) |
| Other income (expense): | ||||
| Changes in fair value of financial instruments carried at fair value, net | $(3,239) | $(7,415) | $(13,646) | $(9,772) |
| Interest expense | (2,258) | (3,255) | (4,721) | (10,916) |
| Gain on extinguishment of debt | — | — | — | 39 |
| Other income (expense), net | 1,052 | (105) | (2,412) | (2,209) |
| Total other expense, net | $(4,445) | $(10,775) | $(20,779) | $(22,858) |
| Loss before income taxes | (20,407) | (27,275) | (68,894) | (73,856) |
| Income tax benefit | 39 | 62 | 131 | 179 |
| Net loss | $(20,368) | $(27,213) | $(68,763) | $(73,677) |
| Net loss per share applicable to common shareholders, basic and diluted | $(0.16) | $(0.64) | $(0.69) | $(2.74) |
| Weighted-average number of common shares used in net loss per share applicable to common shareholders, basic and diluted | 125,243,614 | 42,430,909 | 100,328,425 | 26,850,694 |
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