Surf Air Mobility (SRFM) Cost of Revenue (2022 - 2026)
Surf Air Mobility (SRFM) reported Cost of Revenue of $25.9 million for Q1 2026, up 5.02% on a YoY basis from $24.7 million in Q1 2025, and up 1.04% sequentially from $25.7 million in Q4 2025.
Surf Air Mobility (SRFM) Cost of Revenue (2022 - 2026) Analysis & Trends
Surf Air Mobility (SRFM) has 5 years of Cost of Revenue data on file, last reported at $25.9 million in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue rose 5.02% year-over-year to $25.9 million; the trailing twelve-month figure through Mar 2026 stood at $103.3 million (down 2.64% YoY), and the FY2025 full-year result was $102.4 million, down 6.88% from the prior year.
- Cost of Revenue improved to $25.9 million in Q1 2026, from $25.7 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $28.5 million in Q1 2024 to a low of $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.
- Across the five-year window, Cost of Revenue jumped 328.41% in 2024 and slipped 13.28% in 2025, its largest moves.
- Tracing SRFM's Cost of Revenue over 5 years: stood at $7.3 million in 2022, then surged by 276.14% to $27.6 million in 2023, then dropped by 5.03% to $26.2 million in 2024, then retreated by 2.06% to $25.7 million in 2025, then grew by 1.04% to $25.9 million in 2026.
- Business Quant data shows SRFM's Cost of Revenue at $25.9 million in Q1 2026, $25.7 million in Q4 2025, and $27.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Latam Airlines | 30,820.50 Bn | 30,817.83 Bn | 1.28 Mn | 82.17 Mn |
| 2 | Ryanair Holdings | 60.62 Bn | 57.43 Bn | - | - |
| 3 | Delta Air Lines | 56.47 Bn | 51.80 Bn | 19.07 Bn | 688.00 Mn |
| 4 | Southwest Airlines | 22.19 Bn | 18.40 Bn | 7.33 Bn | 1.10 Bn |
| 5 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.95 Bn | 8.12 Bn | - | - |
| 6 | Copa Holdings | 5.72 Bn | 4.39 Bn | 713.71 Mn | 249.18 Mn |
| 7 | Alaska Air | 5.41 Bn | 3.64 Bn | 3.20 Bn | 99.00 Mn |
| 8 | Skywest | 4.36 Bn | 3.75 Bn | 1.01 Bn | 91.51 Mn |
| 9 | Jetblue Airways | 2.00 Bn | 1.59 Bn | 1.87 Bn | 366.00 Mn |
| 10 | Surf Air Mobility | 60.58 Mn | 56.41 Mn | -333,000.00 | 25.95 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Dec 31, 2023 | 27.61 Mn |
| Dec 31, 2023 | 27.61 Mn |