Surf Air Mobility (SRFM) EBITDA (2022 - 2026)
Surf Air Mobility (SRFM) posted EBITDA of -$13.4 million for Q1 2026, up 48.39% sequentially from -$25.9 million in Q4 2025, and up 28.07% YoY from -$10.4 million in Q1 2025.
Surf Air Mobility (SRFM) EBITDA (2022 - 2026) Analysis & Trends
Surf Air Mobility has reported EBITDA for 5 years, with the latest figure at -$13.4 million in Q1 2026.
- Quarterly EBITDA rose 28.07% year-over-year to -$13.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$71.7 million (down 61.57% YoY) and the FY2025 annual result came in at -$76.9 million, down 27.58% from the prior year.
- EBITDA grew to -$13.4 million in Q1 2026 per SRFM's latest filing, from -$25.9 million in the prior quarter.
- Over five years, EBITDA peaked at $8.1 million in Q4 2024 and troughed at -$108.5 million in Q4 2023.
- A 5-year average of -$24.2 million and a median of -$15.7 million in 2022 frame the typical range for EBITDA.
- The sharpest annual moves came in 2023 and 2024: EBITDA sank 599.73% in 2023, then soared 107.47% in 2024.
- Over 5 years, EBITDA stood at -$15.5 million in 2022, then tumbled by 599.73% to -$108.5 million in 2023, then soared by 107.47% to $8.1 million in 2024, then sank by 419.1% to -$25.9 million in 2025, then surged by 48.39% to -$13.4 million in 2026.
- According to Business Quant data, EBITDA over the past three periods registered -$13.4 million, -$25.9 million, and -$16.5 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.01 Bn | 48.34 Bn | 19.07 Bn | 1.86 Bn |
| 2 | Ryanair Holdings | 28.78 Bn | 25.56 Bn | - | 1.15 Bn |
| 3 | Southwest Airlines | 19.50 Bn | 15.71 Bn | 7.33 Bn | 285.00 Mn |
| 4 | Copa Holdings | 5.30 Bn | 4.04 Bn | 1.03 Bn | 91.66 Mn |
| 5 | Alaska Air | 4.46 Bn | 1.80 Bn | 3.76 Bn | -168.00 Mn |
| 6 | Skywest | 3.98 Bn | 3.38 Bn | 1.01 Bn | 155.83 Mn |
| 7 | Jetblue Airways | 1.79 Bn | -232.60 Mn | 2.32 Bn | -141.00 Mn |
| 8 | Allegiant Travel | 1.75 Bn | 695.62 Mn | 902.77 Mn | 21.11 Mn |
| 9 | Frontier Group Holdings | 1.33 Bn | 373.12 Mn | - | -97.00 Mn |
| 10 | Surf Air Mobility | 69.11 Mn | 50.68 Mn | 62,000.00 | -17.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -18.80 Mn |
| Mar 31, 2026 | -13.36 Mn |
| Dec 31, 2025 | -25.88 Mn |
| Sep 30, 2025 | -16.50 Mn |
| Jun 30, 2025 | -15.93 Mn |
| Mar 31, 2025 | -18.57 Mn |
| Dec 31, 2024 | 8.11 Mn |
| Sep 30, 2024 | -8.64 Mn |
| Jun 30, 2024 | -25.26 Mn |
| Mar 31, 2024 | -34.47 Mn |
| Dec 31, 2023 | -108.54 Mn |
| Sep 30, 2023 | -63.02 Mn |
| Jun 30, 2023 | -13.15 Mn |
| Mar 31, 2023 | -12.05 Mn |
| Dec 31, 2022 | -15.51 Mn |
| Sep 30, 2022 | -11.11 Mn |
| Jun 30, 2022 | -13.06 Mn |