Surf Air Mobility (SRFM) EBITDA (2022 - 2026)
Surf Air Mobility recorded quarterly EBITDA of -$11.7 million in Q1 2026, up 52.38% quarter-over-quarter from -$24.5 million in Q4 2025, and up 32.89% year-over-year from -$8.8 million in Q1 2025.
Surf Air Mobility's EBITDA history runs 5 years deep, the most recent figure standing at -$11.7 million for Q1 2026.
- In Q1 2026, EBITDA rose 32.89% year-over-year to -$11.7 million; the TTM figure through Mar 2026 stood at -$65.5 million (down 1406.11% YoY), while the FY2025 annual figure 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.
- A 5-year average of -$20.5 million and a median of -$14.7 million in 2025 frame the typical range for EBITDA.
- Across the five-year window, EBITDA plunged 596.85% in 2023 and surged 150.18% in 2024, its largest moves.
- Surf Air Mobility's EBITDA stood at -$15.4 million in 2022, then slumped by 596.85% to -$107.6 million in 2023, then jumped by 150.18% to $54.0 million in 2024, then slumped by 145.35% to -$24.5 million in 2025, then surged by 52.38% to -$11.7 million in 2026.
- According to Business Quant data, EBITDA over the past three periods registered -$11.7 million, -$24.5 million, and -$15.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn | -260.00 Mn |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn | 250.00 Mn |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn | 142.00 Mn |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - | 102.00 Mn |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn | -279.00 Mn |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | 101.05 Mn |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | 209.59 Mn |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn | -224.00 Mn |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | 81.10 Mn |
| 10 | Surf Air Mobility | 95.32 Mn | 91.16 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 |