Surf Air Mobility (SRFM) Free Cash Flow (2022 - 2026)
Surf Air Mobility (SRFM) posted Free Cash Flow of -$15.0 million for Q1 2026, down 0.98% sequentially from -$14.9 million in Q4 2025, and up 8.62% YoY from -$13.8 million in Q1 2025.
Surf Air Mobility (SRFM) Free Cash Flow (2022 - 2026) Analysis & Trends
Surf Air Mobility has reported Free Cash Flow for 5 years, with the latest figure at -$15.0 million in Q1 2026.
- Quarterly Free Cash Flow rose 8.62% year-over-year to -$15.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$63.5 million (down 5.31% YoY) and the FY2025 annual result came in at -$64.9 million, down 14.48% from the prior year.
- Free Cash Flow retreated to -$15.0 million in Q1 2026 per SRFM's latest filing, from -$14.9 million in the prior quarter.
- Over five years, Free Cash Flow peaked at -$5.7 million in Q4 2022 and troughed at -$36.0 million in Q3 2023.
- A 5-year average of -$14.3 million and a median of -$12.8 million in 2024 frame the typical range for Free Cash Flow.
- The sharpest annual moves came in 2023 and 2024: Free Cash Flow plunged 408.24% in 2023, then surged 64.17% in 2024.
- Over 5 years, Free Cash Flow stood at -$5.7 million in 2022, then tumbled by 37.59% to -$7.8 million in 2023, then tumbled by 208.11% to -$24.1 million in 2024, then surged by 38.39% to -$14.9 million in 2025, then decreased by 0.98% to -$15.0 million in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered -$15.0 million, -$14.9 million, and -$21.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.89 Bn | 49.22 Bn | 19.07 Bn | 2.38 Bn |
| 2 | Ryanair Holdings | 29.45 Bn | 26.24 Bn | - | 551.77 Mn |
| 3 | Southwest Airlines | 19.73 Bn | 15.94 Bn | 7.33 Bn | -288.00 Mn |
| 4 | Copa Holdings | 5.35 Bn | 4.09 Bn | 1.03 Bn | - |
| 5 | Alaska Air | 4.49 Bn | 1.83 Bn | 3.76 Bn | 107.00 Mn |
| 6 | Skywest | 3.99 Bn | 3.38 Bn | 1.01 Bn | 283.85 Mn |
| 7 | Allegiant Travel | 1.86 Bn | 807.93 Mn | 902.77 Mn | -74.63 Mn |
| 8 | Jetblue Airways | 1.83 Bn | -189.37 Mn | 2.32 Bn | -377.00 Mn |
| 9 | Frontier Group Holdings | 1.36 Bn | 408.77 Mn | - | 119.00 Mn |
| 10 | Surf Air Mobility | 70.57 Mn | 52.14 Mn | 62,000.00 | -8.04 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -8.04 Mn |
| Jun 30, 2026 | -8.04 Mn |
| Mar 31, 2026 | -15.02 Mn |
| Mar 31, 2026 | -15.02 Mn |
| Dec 31, 2025 | -14.87 Mn |
| Dec 31, 2025 | -14.87 Mn |
| Sep 30, 2025 | -21.08 Mn |
| Sep 30, 2025 | -21.08 Mn |
| Jun 30, 2025 | -12.50 Mn |
| Jun 30, 2025 | -12.50 Mn |
| Mar 31, 2025 | -16.43 Mn |
| Mar 31, 2025 | -16.43 Mn |
| Dec 31, 2024 | -24.13 Mn |
| Dec 31, 2024 | -24.13 Mn |
| Sep 30, 2024 | -12.90 Mn |
| Sep 30, 2024 | -12.90 Mn |
| Jun 30, 2024 | -6.80 Mn |
| Jun 30, 2024 | -6.80 Mn |
| Mar 31, 2024 | -12.84 Mn |
| Mar 31, 2024 | -12.84 Mn |