Surf Air Mobility (SRFM) Cost of Revenue (2022 - 2026)
Surf Air Mobility (SRFM) posted Cost of Revenue of $25.9 million for Q1 2026, up 1.04% sequentially from $25.7 million in Q4 2025, and up 5.02% YoY from $24.7 million in Q1 2025.
Surf Air Mobility (SRFM) Cost of Revenue (2022 - 2026) Analysis & Trends
Surf Air Mobility has reported Cost of Revenue for 5 years, with the latest figure at $25.9 million in Q1 2026.
- Quarterly Cost of Revenue rose 5.02% year-over-year to $25.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $103.3 million (down 2.64% YoY) and the FY2025 annual result came in at $102.4 million, down 6.88% from the prior year.
- Cost of Revenue improved to $25.9 million in Q1 2026 per SRFM's latest filing, from $25.7 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $28.5 million in Q1 2024 and troughed at $5.9 million in Q2 2022.
- A 5-year average of $20.0 million and a median of $25.2 million in 2025 frame the typical range for Cost of Revenue.
- The sharpest annual moves came in 2024 and 2025: Cost of Revenue soared 328.41% in 2024, then declined 13.28% in 2025.
- Over 5 years, Cost of Revenue stood at $7.3 million in 2022, then surged by 276.14% to $27.6 million in 2023, then retreated by 5.03% to $26.2 million in 2024, then dropped by 2.06% to $25.7 million in 2025, then gained by 1.04% to $25.9 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $25.9 million, $25.7 million, and $27.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.89 Bn | 49.22 Bn | 19.07 Bn | 688.00 Mn |
| 2 | Ryanair Holdings | 29.45 Bn | 26.24 Bn | - | - |
| 3 | Southwest Airlines | 19.73 Bn | 15.94 Bn | 7.33 Bn | 1.10 Bn |
| 4 | Copa Holdings | 5.35 Bn | 4.09 Bn | 1.03 Bn | 30.59 Mn |
| 5 | Alaska Air | 4.49 Bn | 1.83 Bn | 3.76 Bn | 302.00 Mn |
| 6 | Skywest | 3.99 Bn | 3.38 Bn | 1.01 Bn | 91.51 Mn |
| 7 | Allegiant Travel | 1.86 Bn | 807.93 Mn | 902.77 Mn | 40.72 Mn |
| 8 | Jetblue Airways | 1.83 Bn | -189.37 Mn | 2.32 Bn | 379.00 Mn |
| 9 | Frontier Group Holdings | 1.36 Bn | 408.77 Mn | - | - |
| 10 | Surf Air Mobility | 70.57 Mn | 52.14 Mn | 62,000.00 | 29.45 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 29.45 Mn |
| Jun 30, 2026 | 29.45 Mn |
| Mar 31, 2026 | 25.95 Mn |
| Mar 31, 2026 | 25.95 Mn |
| Dec 31, 2025 | 25.68 Mn |
| Dec 31, 2025 | 25.68 Mn |
| Sep 30, 2025 | 27.66 Mn |
| Sep 30, 2025 | 27.66 Mn |
| Jun 30, 2025 | 24.06 Mn |
| Jun 30, 2025 | 24.06 Mn |
| Mar 31, 2025 | 24.71 Mn |
| Mar 31, 2025 | 24.71 Mn |
| Dec 31, 2024 | 26.22 Mn |
| Dec 31, 2024 | 26.22 Mn |
| Sep 30, 2024 | 27.50 Mn |
| Sep 30, 2024 | 27.50 Mn |
| Jun 30, 2024 | 27.73 Mn |
| Jun 30, 2024 | 27.73 Mn |
| Mar 31, 2024 | 28.49 Mn |
| Mar 31, 2024 | 28.49 Mn |