Surf Air Mobility (SRFM) EBITDA (2022 - 2026)
Surf Air Mobility (SRFM) reported EBITDA of -$13.4 million for Q1 2026, up 28.07% on a YoY basis from -$10.4 million in Q1 2025, and up 48.39% sequentially from -$25.9 million in Q4 2025.
Surf Air Mobility (SRFM) EBITDA (2022 - 2026) Analysis & Trends
Surf Air Mobility (SRFM) has 5 years of EBITDA data on file, last reported at -$13.4 million in Q1 2026.
- For the quarter ending Q1 2026, EBITDA rose 28.07% year-over-year to -$13.4 million; the trailing twelve-month figure through Mar 2026 stood at -$71.7 million (down 61.57% YoY), and the FY2025 full-year result was -$76.9 million, down 27.58% from the prior year.
- EBITDA grew to -$13.4 million in Q1 2026, from -$25.9 million in the prior quarter.
- In the past five years, EBITDA ranged from a high of $8.1 million in Q4 2024 to a low of -$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.
- Across the five-year window, EBITDA tumbled 599.73% in 2023 and jumped 107.47% in 2024, its largest moves.
- Tracing SRFM's EBITDA over 5 years: stood at -$15.5 million in 2022, then plunged by 599.73% to -$108.5 million in 2023, then soared by 107.47% to $8.1 million in 2024, then slumped by 419.1% to -$25.9 million in 2025, then surged by 48.39% to -$13.4 million in 2026.
- Business Quant data shows SRFM's EBITDA at -$13.4 million in Q1 2026, -$25.9 million in Q4 2025, and -$16.5 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Latam Airlines | 30,649.60 Bn | 30,646.93 Bn | 1.28 Mn | 1.31 Bn |
| 2 | Ryanair Holdings | 60.51 Bn | 57.32 Bn | - | 1.13 Bn |
| 3 | Delta Air Lines | 56.36 Bn | 51.69 Bn | 19.07 Bn | 1.86 Bn |
| 4 | Southwest Airlines | 22.02 Bn | 18.23 Bn | 7.33 Bn | 285.00 Mn |
| 5 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.94 Bn | 8.12 Bn | - | -99.00 Mn |
| 6 | Copa Holdings | 5.65 Bn | 4.31 Bn | 713.71 Mn | 1.18 Bn |
| 7 | Alaska Air | 5.31 Bn | 3.54 Bn | 3.20 Bn | -279.00 Mn |
| 8 | Skywest | 4.30 Bn | 3.70 Bn | 1.01 Bn | 155.83 Mn |
| 9 | Jetblue Airways | 2.02 Bn | 1.60 Bn | 1.87 Bn | -224.00 Mn |
| 10 | Surf Air Mobility | 60.40 Mn | 56.24 Mn | -333,000.00 | -13.36 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |