Surf Air Mobility (SRFM) Cost of Revenue (2022 - 2026)

Surf Air Mobility's Cost of Revenue history runs 5 years deep, the most recent figure standing at $2.0 million for Q1 2026.

• In Q1 2026, Cost of Revenue rose 18.94% year-over-year to $2.0 million; the TTM figure through Mar 2026 stood at $31.2 million (up 144.15% YoY), while the FY2025 annual figure was $102.4 million, up 1262.47% from the prior year.
• Cost of Revenue came in at $2.0 million for Q1 2026 at Surf Air Mobility, down from $25.7 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $27.6 million in Q4 2023 to a low of -$76.2 million in Q4 2024.
• A 5-year average of $1.7 million and a median of $2.0 million in 2025 frame the typical range for Cost of Revenue.
• Across the five-year window, Cost of Revenue surged 522.7% in 2023 and tumbled 376.0% in 2024, its largest moves.
• Surf Air Mobility's Cost of Revenue stood at $21.2 million in 2022, then soared by 30.36% to $27.6 million in 2023, then slumped by 376.0% to -$76.2 million in 2024, then surged by 133.7% to $25.7 million in 2025, then sank by 92.34% to $2.0 million in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $2.0 million, $25.7 million, and $2.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

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