Surf Air Mobility (SRFM) EBITDA (2022 - 2026)
Surf Air Mobility's (SRFM) quarterly EBITDA came in at -$11.7 million in Q1 2026, up 32.89% year-on-year from -$8.8 million in Q1 2025, and up 52.38% quarter-over-quarter from -$24.5 million in Q4 2025.
Surf Air Mobility (SRFM) EBITDA (2022 - 2026) Analysis & Trends
Surf Air Mobility has disclosed EBITDA across 5 years of filings, most recently posting -$11.7 million for Q1 2026.
- EBITDA for Q1 2026 came in at -$11.7 million, up 32.89% year-over-year; the trailing twelve-month figure through Mar 2026 was -$65.5 million (down 1406.11% YoY), and the FY2025 annual result was -$71.2 million, down 541.73% from the prior year.
- EBITDA came in at -$11.7 million for Q1 2026 at Surf Air Mobility, up from -$24.5 million in the prior quarter.
- In the past five years, EBITDA ranged from a high of $54.0 million in Q4 2024 to a low of -$107.6 million in Q4 2023.
- The 5-year median for EBITDA is -$14.7 million (2025), against an average of -$20.5 million.
- Across the five-year window, EBITDA sank 596.85% in 2023 and jumped 150.18% in 2024, its largest moves.
- Surf Air Mobility's EBITDA stood at -$15.4 million in 2022, then tumbled by 596.85% to -$107.6 million in 2023, then soared by 150.18% to $54.0 million in 2024, then tumbled by 145.35% to -$24.5 million in 2025, then jumped by 52.38% to -$11.7 million in 2026.
- The last three EBITDA figures came in at -$11.7 million (Q1 2026), -$24.5 million (Q4 2025), and -$15.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Ryanair Holdings | 453.97 Bn | 448.50 Bn | 1.55 Bn | -590.64 Mn |
| 2 | Delta Air Lines | 54.89 Bn | 49.84 Bn | 15.19 Bn | -260.00 Mn |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 47.52 Bn | 46.49 Bn | -239.00 Mn | 142.00 Mn |
| 4 | Southwest Airlines | 23.88 Bn | 20.55 Bn | 6.21 Bn | 250.00 Mn |
| 5 | Copa Holdings | 6.22 Bn | 4.88 Bn | 713.71 Mn | 209.59 Mn |
| 6 | Alaska Air | 5.64 Bn | 3.87 Bn | 3.20 Bn | -279.00 Mn |
| 7 | Skywest | 3.71 Bn | 3.08 Bn | 924.11 Mn | 101.05 Mn |
| 8 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 2.23 Bn | 2.23 Bn | - | -21.00 Mn |
| 9 | Jetblue Airways | 2.11 Bn | -62.86 Mn | 1.87 Bn | -224.00 Mn |
| 10 | Surf Air Mobility | 89.56 Mn | 85.39 Mn | 23.65 Mn | -11.66 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -11.66 Mn |
| Dec 31, 2025 | -24.48 Mn |
| Sep 30, 2025 | -15.00 Mn |
| Jun 30, 2025 | -14.33 Mn |
| Mar 31, 2025 | -17.37 Mn |
| Dec 31, 2024 | 53.97 Mn |
| Sep 30, 2024 | -7.54 Mn |
| Jun 30, 2024 | -24.06 Mn |
| Mar 31, 2024 | -33.47 Mn |
| Dec 31, 2023 | -107.57 Mn |
| Sep 30, 2023 | -62.41 Mn |
| Jun 30, 2023 | -13.04 Mn |
| Mar 31, 2023 | -11.94 Mn |
| Dec 31, 2022 | -15.44 Mn |
| Sep 30, 2022 | -11.00 Mn |
| Jun 30, 2022 | -13.06 Mn |