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

Surf Air Mobility (SRFM) reported Operating Expenses of $39.0 million for Q1 2026, down 7.38% on a YoY basis from $42.1 million in Q1 2025, and down 25.53% sequentially from $52.3 million in Q4 2025.

Surf Air Mobility (SRFM) Operating Expenses (2022 - 2026) Analysis & Trends

Surf Air Mobility (SRFM) has 5 years of Operating Expenses data on file, last reported at $39.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses fell 7.38% year-over-year to $39.0 million; the trailing twelve-month figure through Mar 2026 stood at $180.3 million (up 15.11% YoY), and the FY2025 full-year result was $183.4 million, up 2.09% from the prior year.
  • Operating Expenses fell to $39.0 million in Q1 2026, 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 soared 532.37% in 2023 and tumbled 85.27% in 2024, its largest moves.
  • Tracing SRFM's Operating Expenses over 5 years: stood at $21.4 million in 2022, then soared by 532.37% to $135.4 million in 2023, then plunged by 85.27% to $19.9 million in 2024, then jumped by 162.41% to $52.3 million in 2025, then dropped by 25.53% to $39.0 million in 2026.
  • Business Quant data shows SRFM's Operating Expenses at $39.0 million in Q1 2026, $52.3 million in Q4 2025, and $45.7 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Latam Airlines 30,779.25 Bn 30,776.58 Bn 1.28 Mn -3.34 Bn
2 Ryanair Holdings 60.66 Bn 57.47 Bn - 4.33 Bn
3 Delta Air Lines 56.23 Bn 51.57 Bn 19.07 Bn 17.89 Bn
4 Southwest Airlines 22.05 Bn 18.26 Bn 7.33 Bn 8.15 Bn
5 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 8.95 Bn 8.12 Bn - 958.00 Mn
6 Copa Holdings 5.69 Bn 4.35 Bn 713.71 Mn 753.30 Mn
7 Alaska Air 5.33 Bn 3.56 Bn 3.20 Bn 3.58 Bn
8 Skywest 4.29 Bn 3.68 Bn 1.01 Bn 946.92 Mn
9 Jetblue Airways 1.99 Bn 1.57 Bn 1.87 Bn 2.46 Bn
10 Surf Air Mobility 60.41 Mn 56.24 Mn -333,000.00 38.97 Mn

Historic Data

Download Data
DateValue
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