Surf Air Mobility (SRFM) Gross Margin (2022 - 2026)
Surf Air Mobility (SRFM) posted Gross Margin of 1.3% for Q1 2026, down 144.77% sequentially from 2.9% in Q4 2025, and up 380.0% YoY from 0.27% in Q1 2025.
Surf Air Mobility (SRFM) Gross Margin (2022 - 2026) Analysis & Trends
Surf Air Mobility has reported Gross Margin for 5 years, with the latest figure at 1.3% in Q1 2026.
- Quarterly Gross Margin rose 380.0% year-over-year to 1.3% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 4.89% (down 59.0% YoY) and the FY2025 annual result came in at 3.92%, down 402.0% from the prior year.
- Gross Margin slipped to 1.3% in Q1 2026 per SRFM's latest filing, from 2.9% in the prior quarter.
- Over five years, Gross Margin peaked at 14.33% in Q2 2024 and troughed at 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.
- The sharpest annual moves came in 2023 and 2025: Gross Margin surged 2849 bps in 2023, then plunged 1208 bps in 2025.
- Over 5 years, Gross Margin 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 tumbled by 55 bps to 2.9% in 2025, then sank by 145 bps to 1.3% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 1.3%, 2.9%, and 5.18% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.88 Bn | 49.22 Bn | 19.07 Bn | 96.52% |
| 2 | Ryanair Holdings | 29.17 Bn | 25.96 Bn | - | - |
| 3 | Southwest Airlines | 19.73 Bn | 15.94 Bn | 7.33 Bn | 86.94% |
| 4 | Copa Holdings | 5.34 Bn | 4.08 Bn | 1.03 Bn | 97.11% |
| 5 | Alaska Air | 4.54 Bn | 1.88 Bn | 3.76 Bn | 92.57% |
| 6 | Skywest | 4.00 Bn | 3.40 Bn | 1.01 Bn | 91.70% |
| 7 | Allegiant Travel | 1.81 Bn | 761.20 Mn | 902.77 Mn | 95.68% |
| 8 | Jetblue Airways | 1.78 Bn | -240.11 Mn | 2.32 Bn | 85.95% |
| 9 | Frontier Group Holdings | 1.33 Bn | 376.57 Mn | - | - |
| 10 | Surf Air Mobility | 71.98 Mn | 53.55 Mn | 62,000.00 | 0.21% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.21% |
| 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% |