Any content you receive is for information purposes only. Always conduct your own research. Sponsored Thursday’s Spotlight: SRFM Beat Its Q1 EBITDA Guidance and Is Now Selling Its Enterprise Aviation Software to One of the Biggest Names in Private Aviation.
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[ Company Website ] | [ Corporate News Portal ] Here’s Why It Is Topping My Watchlist This Week. July 9, 2026 Dear Reader, Several developments have already come together for this company, and they continue pointing in the same direction. An expanded technology partnership, strengthening commercial momentum, and improving operating results all contribute to why it remains near the top of our watchlist this morning. If you missed our earlier report, now is a good time to catch up. Air mobility is putting together one of its strongest stretches of the year, and one NYSE-listed company is sitting right in the middle of it. On June 29, Palantir Technologies (NASDAQ: PLTR) announced an expansion of its partnership with Surf Air Mobility (NYSE: SRFM), committing additional engineering and go-to-market resources to accelerate the commercial rollout of OperatorOS, OwnerOS, and SurfOS Enterprise Solutions. The expansion builds directly on the successful commercial launch of BrokerOS and the recent Wheels Up agreement valued at up to $12M. Palantir's Global Head of Commercial said the companies see a clear path to build and define the central operating system for the future of aviation and air mobility. And Palantir just put real capital behind that conviction. A Schedule 13G filed June 24 shows Palantir now holds 8,248,989 Surf Air Mobility common shares, a 7.4% stake 
SurfOS, powered by Palantir. BrokerOS is commercially live
That commitment lands on top of a run of potential catalysts. On June 25, Surf Air Mobility announced Wheels Up (NYSE: UP), one of the world's largest private aviation companies, as the launch customer for Enterprise BrokerOS. The two-year firm agreement includes $8M in subscription fees, with an option for a third year, for a total potential software revenue of up to $12M. SRFM is also strengthening its balance sheet. On July 1, Surf Air Mobility announced two debt financing transactions designed to reduce future shareholder dilution, refinancing a roughly $46.9M senior secured convertible note into a new $16.9M convertible note due 2027 and a new $30M non-convertible senior secured term note due 2028. CEO Deanna White noted that the company's recent business development announcements with Palantir, Wheels Up, and BETA Technologies all reflect progress across its core objectives. On the electrification side, BETA Technologies launched an electric aircraft demonstration program in Hawaiʻi on June 26, with Hawaiian Airlines supporting evaluation activities. The program is testing regional cargo and passenger operations ahead of the company's plan to become the first Part 135 operator to commercialize electric passenger flights for scheduled service and on-demand charter. Then in May, Surf Air Mobility reported its first quarter 2026 financial results and outperformed its own Adjusted EBITDA guidance. Revenue came in at $25.6M, at the high end of the guidance range and up 9% year over year. The Adjusted EBITDA loss narrowed to $12.3M, better than the guided range of a $15.5 to $13.5M loss. And the company improved its full year 2026 Adjusted EBITDA loss guidance by approximately 40%, from a prior range of $50 to $40M loss to a new range of $30 to $25M loss, while reaffirming revenue guidance of $128 to $138M, a 20% to 30% growth over 2025. The standout was the private charter business. Surf On Demand revenue jumped 77% year over year to $10.1M, its highest revenue and highest gross margin quarter since inception, with revenue per flight up 38%. That is the BrokerOS and Powered by Surf On Demand engine starting to show up directly in the numbers. Then came the milestone that caught our attention. On May 13, Surf Air Mobility joined the FAA-sponsored Center for Advanced Aviation Technologies (CAAT) Consortium, becoming the first Part 135 passenger operator to do so. The CAAT is a national initiative between the Texas A&M University System and the Federal Aviation Administration, built to bring government, academia, and industry together to integrate electric aircraft, autonomous systems, and advanced aviation technology into the national airspace. Membership gives SRFM potential access to FAA-funded research programs, eligibility to respond to task orders reserved for consortium members, and a seat in the working groups shaping future solicitations. Deanna White, the company's CEO, put it plainly: “We are pleased with our first quarter Adjusted EBITDA results, which exceeded our expectations. The progress we’ve made across our business has positioned us to improve our annual 2026 Adjusted EBITDA guidance by 40% while maintaining our full year revenue guidance. The efficiencies gained within our core businesses in the first quarter are a clear indication of the value that SurfOS and our partnership with Palantir delivers.”
Zoom out, and the runway is enormous. The regional air mobility market is projected to expand to $75 to $115B globally by 2035, and the global eVTOL aircraft market is forecast to grow from over $5B in 2026 to more than $216B by 2035, an increase of more than 4,000%. Keep reading to learn more about Surf Air Mobility. 
The BETA ALIA in Surf Air livery. SRFM holds a firm order for 25 all-electric aircraft, with options for up to 75 more.
Surf Air Mobility Inc. SRFM
Surf Air Mobility is a Los Angeles-based air mobility platform and one of the largest commuter airlines in the United States by scheduled departures. In the first quarter of 2026 alone, the company flew 65,376 scheduled passengers across 12,503 scheduled departures and 11,061 scheduled flight hours, while its Surf On Demand private charter arm completed 832 flights, all at a 96% controllable completion factor. Beyond flight operations, SRFM is building the digital backbone of air mobility, an AI-enabled operating system designed to transform how the industry manages everything from scheduling to compliance to booking. And this platform, powered by Palantir Technologies' (NASDAQ: PLTR) Foundry and AIP, is not just for internal use. The company is commercializing its SurfOS software across the broader market, with BrokerOS commercially live since December 2025 and 29 brokers already enrolled, and Palantir now dedicating additional resources to accelerate OperatorOS, OwnerOS, and SurfOS Enterprise Solutions. Latest Development: A Deepened Palantir Commitment, a Balance Sheet Cleanup, and Real Operating Proof Palantir Doubles Down: On June 29, Palantir announced an expanded partnership with SRFM, committing additional engineering and go-to-market resources to accelerate commercialization of OperatorOS, OwnerOS, and SurfOS Enterprise Solutions, on top of the already-live BrokerOS and the Wheels Up enterprise deal. Balance Sheet Strength: On July 1, SRFM refinanced a roughly $46.9M convertible note into a smaller $16.9M convertible note and a new $30M term note, a move designed to reduce future shareholder dilution. Financial Proof, Ahead of Plan: First quarter revenue of $25.6M landed at the high end of guidance, the Adjusted EBITDA loss of $12.3M beat the guided range, and full year 2026 Adjusted EBITDA guidance improved roughly 40%. The On Demand charter business delivered its best quarter ever, up 77% year over year. Government and Safety Validation: SRFM became the first Part 135 passenger operator inside the FAA's CAAT Consortium. In the same quarter, its airline operations completed a Safety Management System a full year ahead of the FAA's May 2027 mandate, and Surf On Demand earned ARGUS Certified Charter Broker status. The Electrification Potential Catalyst Is Real: Through a strategic partnership with BETA Technologies, SRFM holds a firm order for 25 all-electric ALIA aircraft with options for up to 75 more, and it eliminated up to $100M in planned capital expenditure from its prior electrification program along the way. A new demonstration program with Hawaiian Airlines is now underway in Hawaiʻi, where Mokulele already operates the largest commuter airline in the state. On the expanded Palantir commitment, Palantir was direct: private aviation and air mobility are large, growing markets that have historically relied on fragmented systems and manual processes. With Foundry and AIP powering SurfOS, Palantir said it sees a path to help build and define the central operating system for the future of aviation and air mobility, while its expanded commitment reflects its conviction in Surf Air Mobility and the road ahead. See the full first quarter 2026 results here.
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[ Company Website ] | [ Corporate News Portal ]
7 Reasons Why Surf Air Mobility Inc. (NYSE: SRFM) Is Back at the Top of My Watchlist Today—Thursday, July 9, 2026…
1. Palantir Just Deepened Its Commitment: On June 29, Palantir announced an expanded partnership with SRFM, committing additional engineering and go-to-market resources to accelerate commercialization of OperatorOS, OwnerOS, and SurfOS Enterprise Solutions, building directly on the live BrokerOS platform and the Wheels Up enterprise deal. Palantir owns a 7.4% stake in SRFM as of their 13G filing in June. 2. SRFM Just Beat Guidance and Raised Its EBITDA Outlook: First quarter Adjusted EBITDA loss of $12.3M came in better than the guided $15.5 to $13.5M range, and full year 2026 Adjusted EBITDA guidance improved by roughly 40% to a loss of $30 to $25M, with revenue guidance reaffirmed at $128 to $138M. 3. SurfOS Is Live, Producing Real Numbers, and Just Landed a Major Enterprise Customer: BrokerOS launched commercially in December 2025 with early internal results showing 32% more bookings for top brokers, 57% faster quote-to-close, and 40% more payments processed on-platform in Q1 2026 versus Q1 2025. Now it has its first enterprise deployment: Wheels Up (NYSE: UP), one of the world's largest private aviation companies, signed on as launch customer for Enterprise BrokerOS under a deal worth up to $12M in software subscription fees. OperatorOS is still scheduled for commercial launch in the second half of 2026. 4. Management Is Cleaning Up the Balance Sheet: On July 1, SRFM refinanced its convertible note structure, cutting the convertible portion from roughly $46.9M to $16.9M and adding a $30M term note, a move explicitly designed to reduce future shareholder dilution. 5. Management Bought Alongside Institutions: In April, co-founders, officers, and directors purchased roughly $5.3M worth of shares as part of a $30M raise structured to limit dilution, $15M of it in non-dilutive aircraft-backed credit. 6. The Palantir Moat Is Structural: SRFM holds an exclusive five-year agreement with Palantir Technologies for the configuration and sale of Foundry and AIP-powered software to the Part 135 regional aviation market. Palantir is one of the largest non-in-sider shareholders, and Shawn Pelsinger, the former Palantir executive who helped architect Skywise with Airbus, joined the board in October 2025 and was just elected Chairman, effective July 24, 2026. 7. An Electrification Potential Catalyst With a Massive Market Behind It: The BETA partnership puts up to 100 all-electric aircraft within reach and removed up to $100M in planned capex and a new demonstration program with Hawaiian Airlines is now underway in Hawaiʻi. Meanwhile the regional air mobility market is projected to reach $75 to $115B by 2035. Coverage is building too, with HC Wainwright at “Bullish” and Stonegate noting SRFM is roughly around 1.3x forward EV/Revenue versus a peer average near 2.4x. Consider Starting Your Own Research On SRFM...
[ Company Website ] | [ Corporate News Portal ]
The expanded Palantir commitment, layered on top of the Q1 results, the balance sheet cleanup, and the electrification roadmap, ties the whole story together. A deepened partnership with one of the biggest names in enterprise software. Revenue at the high end of guidance. An Adjusted EBITDA beat. Full year profitability guidance improved by roughly 40%. A charter business growing 77% year over year. And the first Part 135 passenger operator seated inside an FAA advanced aviation program. Add in the exclusive Palantir partnership powering SurfOS, a former Palantir executive stepping up as Chairman of the Board, all-electric BETA aircraft on the roadmap, and fresh coverage from HC Wainwright and Stonegate, and it becomes clear why this company keeps coming back into focus for me. Zooming out, the Advanced Air Mobility backdrop keeps expanding. Forecasts put the regional air mobility market at $75 to $115B by 2035 and the eVTOL market at roughly $216B by the same year. We have all eyes on SRFM this morning—Thursday, July 9. 2026. And as always, please remember to do your own research. Alex Ramsay
Co-Founder & Managing Editor
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