Surf Air Mobility (SRFM) Gross Margin (2022 - 2026)
Surf Air Mobility recorded quarterly Gross Margin of 92.32% in Q1 2026, up 3079.41% quarter-over-quarter from 2.9% in Q4 2025, and down 64.0% year-over-year from 256.46% in Q1 2025.
Surf Air Mobility's Gross Margin history runs 5 years deep, the most recent figure standing at 92.32% for Q1 2026.
- In Q1 2026, Gross Margin fell 64.0% year-over-year to 92.32%; the TTM figure through Mar 2026 stood at 71.28% (down 9166.0% YoY), while the FY2025 annual figure was 3.92%, down 8978.0% from the prior year.
- Gross Margin came in at 92.32% for Q1 2026 at Surf Air Mobility, up from 2.9% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 371.67% in Q4 2024 to a low of 259.21% in Q4 2022.
- A 5-year average of 65.67% and a median of 84.78% in 2023 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin surged 37455 bps in 2024 and slumped 36876 bps in 2025, its largest moves.
- Surf Air Mobility's Gross Margin stood at 259.21% in 2022, then soared by 99 bps to 2.88% in 2023, then soared by 13003 bps to 371.67% in 2024, then plunged by 99 bps to 2.9% in 2025, then jumped by 3079 bps to 92.32% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 92.32%, 2.9%, and 92.94% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn | 95.80% |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn | 85.69% |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn | -314.47% |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - | - |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn | 97.00% |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | 91.21% |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | 74.12% |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn | 83.66% |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | 97.03% |
| 10 | Surf Air Mobility | 95.32 Mn | 91.16 Mn | 23.65 Mn | 92.32% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 92.32% |
| Dec 31, 2025 | 2.90% |
| Sep 30, 2025 | 92.94% |
| Jun 30, 2025 | 94.53% |
| Mar 31, 2025 | 92.97% |
| Dec 31, 2024 | 371.67% |
| Sep 30, 2024 | 95.48% |
| Jun 30, 2024 | 92.03% |
| Mar 31, 2024 | 90.17% |
| Dec 31, 2023 | -2.88% |
| Sep 30, 2023 | 79.38% |
| Jun 30, 2023 | -13.79% |
| Mar 31, 2023 | 74.69% |
| Dec 31, 2022 | -259.21% |
| Sep 30, 2022 | 72.81% |
| Jun 30, 2022 | 74.72% |