Surf Air Mobility (SRFM) Gross Margin (2022 - 2026)
Surf Air Mobility (SRFM) reported Gross Margin of 1.3% for Q1 2026, up 380.0% on a YoY basis from 0.27% in Q1 2025, and down 144.77% sequentially from 2.9% in Q4 2025.
Surf Air Mobility (SRFM) Gross Margin (2022 - 2026) Analysis & Trends
Surf Air Mobility (SRFM) has 5 years of Gross Margin data on file, last reported at 1.3% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 380.0% year-over-year to 1.3%; the trailing twelve-month figure through Mar 2026 stood at 4.89% (down 59.0% YoY), and the FY2025 full-year result was 3.92%, down 402.0% from the prior year.
- Gross Margin slipped to 1.3% in Q1 2026, from 2.9% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 14.33% in Q2 2024 to a low of 32.83% in Q2 2022.
- A 5-year average of 4.12% and a median of 0.8% in 2025 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin soared 2849 bps in 2023 and slumped 1208 bps in 2025, its largest moves.
- Tracing SRFM's Gross Margin over 5 years: stood at 24.49% in 2022, then soared by 88 bps to 2.88% in 2023, then jumped by 326 bps to 6.52% in 2024, then plunged by 55 bps to 2.9% in 2025, then slumped by 145 bps to 1.3% in 2026.
- Business Quant data shows SRFM's Gross Margin at 1.3% in Q1 2026, 2.9% in Q4 2025, and 5.18% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Latam Airlines | 30,820.50 Bn | 30,817.83 Bn | 1.28 Mn | 0.03% |
| 2 | Ryanair Holdings | 60.62 Bn | 57.43 Bn | - | - |
| 3 | Delta Air Lines | 56.47 Bn | 51.80 Bn | 19.07 Bn | 96.52% |
| 4 | Southwest Airlines | 22.19 Bn | 18.40 Bn | 7.33 Bn | 86.94% |
| 5 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.95 Bn | 8.12 Bn | - | - |
| 6 | Copa Holdings | 5.72 Bn | 4.39 Bn | 713.71 Mn | 74.12% |
| 7 | Alaska Air | 5.41 Bn | 3.64 Bn | 3.20 Bn | 97.00% |
| 8 | Skywest | 4.36 Bn | 3.75 Bn | 1.01 Bn | 91.70% |
| 9 | Jetblue Airways | 2.00 Bn | 1.59 Bn | 1.87 Bn | 83.66% |
| 10 | Surf Air Mobility | 60.58 Mn | 56.41 Mn | -333,000.00 | -1.30% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1.30% |
| Dec 31, 2025 | 2.90% |
| Sep 30, 2025 | 5.18% |
| Jun 30, 2025 | 12.30% |
| Mar 31, 2025 | -5.11% |
| Dec 31, 2024 | 6.52% |
| Sep 30, 2024 | 3.14% |
| Jun 30, 2024 | 14.33% |
| Mar 31, 2024 | 6.97% |
| Dec 31, 2023 | -2.88% |
| Sep 30, 2023 | 6.18% |
| Jun 30, 2023 | -13.79% |
| Mar 31, 2023 | -20.76% |
| Dec 31, 2022 | -24.49% |
| Sep 30, 2022 | -22.31% |
| Jun 30, 2022 | -32.83% |