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
DateValue
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