Surf Air Mobility (SRFM) Operating Expenses (2022 - 2026)
Surf Air Mobility (SRFM) recorded Operating Expenses of $48.31 million in Q2 2026, up 11.4% from $43.36 million a year earlier and up 24.0% from the prior quarter.
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Analysis
Surf Air Mobility (SRFM) Operating Expenses (2022 - 2026) Analysis & Trends
On a TTM basis, Surf Air Mobility's Operating Expenses came in at $185.27 million as of Jun 30, 2026, up 30.1% year-over-year; for FY2025, it was $183.43 million, up 2.1% from FY2024.
- Annual Operating Expenses has a three-year compound annual growth rate of 37.1% (FY2022 to FY2025).
- Across earlier years, Operating Expenses came in at $179.68 million in FY2024 (-30.2%), $257.27 million in FY2023 (+261.4%) and $71.18 million in FY2022.
- Quarterly Operating Expenses has ranged from $16.19 million in Q3 2022 to $135.38 million in Q4 2023 over the past five years.
- On a year-over-year basis, Operating Expenses rose in three of the last eight quarters, with an average decline of 1.5%.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 532.4% in Q4 2023, against a decline of 85.3% in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $38.97 million (Q1 2026), $52.32 million (Q4 2025) and $45.67 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 162.85 Bn | 157.37 Bn | - | 4.10 Bn |
| 2 | Csx | 86.62 Bn | 82.84 Bn | - | 2.43 Bn |
| 3 | Canadian Pacific Kansas City | 76.11 Bn | 75.83 Bn | - | 1.95 Bn |
| 4 | United Parcel Service | 70.66 Bn | 47.58 Bn | - | 21.90 Bn |
| 5 | Norfolk Southern | 70.32 Bn | 64.96 Bn | - | 2.34 Bn |
| 6 | Fedex | 68.53 Bn | 34.48 Bn | - | 23.46 Bn |
| 7 | Delta Air Lines | 55.25 Bn | 37.43 Bn | - | 17.89 Bn |
| 8 | Old Dominion Freight Line | 36.69 Bn | 35.95 Bn | - | 1.09 Bn |
| 9 | Ryanair Holdings | 28.78 Bn | 12.78 Bn | 3.13 Bn | 4.43 Bn |
| 10 | Surf Air Mobility | 116.10 Mn | 73.77 Mn | 62,000.00 | 48.31 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 48.31 Mn |
| Mar 31, 2026 | 38.97 Mn |
| Dec 31, 2025 | 52.32 Mn |
| Sep 30, 2025 | 45.67 Mn |
| Jun 30, 2025 | 43.36 Mn |
| Mar 31, 2025 | 42.07 Mn |
| Dec 31, 2024 | 19.94 Mn |
| Sep 30, 2024 | 37.02 Mn |
| Jun 30, 2024 | 57.62 Mn |
| Mar 31, 2024 | 65.09 Mn |
| Dec 31, 2023 | 135.38 Mn |
| Sep 30, 2023 | 84.99 Mn |
| Jun 30, 2023 | 19.35 Mn |
| Mar 31, 2023 | 17.56 Mn |
| Dec 31, 2022 | 21.41 Mn |
| Sep 30, 2022 | 16.19 Mn |
| Jun 30, 2022 | 17.53 Mn |
API Access
Surf Air Mobility Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=SRFM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "SRFM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=SRFM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();