Surf Air Mobility (SRFM) Operating Expenses (2022 - 2026)

Surf Air Mobility's Operating Expenses history runs 5 years deep, the most recent figure standing at $39.0 million for Q1 2026.

• In Q1 2026, Operating Expenses fell 7.38% year-over-year to $39.0 million; the TTM figure through Mar 2026 stood at $180.3 million (up 15.11% YoY), while the FY2025 annual figure was $183.4 million, up 2.09% from the prior year.
• Operating Expenses came in at $39.0 million for Q1 2026 at Surf Air Mobility, down from $52.3 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $135.4 million in Q4 2023 to a low of $16.2 million in Q3 2022.
• A 5-year average of $44.7 million and a median of $40.5 million in 2025 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses jumped 532.37% in 2023 and plunged 85.27% in 2024, its largest moves.
• Surf Air Mobility's Operating Expenses stood at $21.4 million in 2022, then surged by 532.37% to $135.4 million in 2023, then slumped by 85.27% to $19.9 million in 2024, then soared by 162.41% to $52.3 million in 2025, then fell by 25.53% to $39.0 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $39.0 million, $52.3 million, and $45.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

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