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
DateValue
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