Surf Air Mobility (SRFM) Research & Development (2022 - 2026)
Surf Air Mobility (SRFM) reported Research & Development of $2.0 million for Q1 2026, down 26.64% on a YoY basis from $2.7 million in Q1 2025, and down 61.34% sequentially from $5.1 million in Q4 2025.
Surf Air Mobility (SRFM) Research & Development (2022 - 2026) Analysis & Trends
Surf Air Mobility (SRFM) has 5 years of Research & Development data on file, last reported at $2.0 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development fell 26.64% year-over-year to $2.0 million; the trailing twelve-month figure through Mar 2026 stood at $11.8 million (up 2.0% YoY), and the FY2025 full-year result was $10.3 million, up 37.06% from the prior year.
- Research & Development fell to $2.0 million in Q1 2026, from $5.1 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $13.0 million in Q4 2023 to a low of $645000.0 in Q4 2024.
- A 5-year average of $3.4 million and a median of $2.6 million in 2024 frame the typical range for Research & Development.
- Across the five-year window, Research & Development slumped 95.04% in 2024 and jumped 688.37% in 2025, its largest moves.
- Tracing SRFM's Research & Development over 5 years: stood at $3.0 million in 2022, then surged by 329.61% to $13.0 million in 2023, then tumbled by 95.04% to $645000.0 in 2024, then jumped by 688.37% to $5.1 million in 2025, then tumbled by 61.34% to $2.0 million in 2026.
- Business Quant data shows SRFM's Research & Development at $2.0 million in Q1 2026, $5.1 million in Q4 2025, and $2.1 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Latam Airlines | 30,820.50 Bn | 30,817.83 Bn | 1.28 Mn | - |
| 2 | Ryanair Holdings | 60.62 Bn | 57.43 Bn | - | 133.15 Mn |
| 3 | Delta Air Lines | 56.47 Bn | 51.80 Bn | 19.07 Bn | 726.00 Mn |
| 4 | Southwest Airlines | 22.19 Bn | 18.40 Bn | 7.33 Bn | - |
| 5 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.95 Bn | 8.12 Bn | - | 46.00 Mn |
| 6 | Copa Holdings | 5.72 Bn | 4.39 Bn | 713.71 Mn | 55.60 Mn |
| 7 | Alaska Air | 5.41 Bn | 3.64 Bn | 3.20 Bn | - |
| 8 | Skywest | 4.36 Bn | 3.75 Bn | 1.01 Bn | - |
| 9 | Jetblue Airways | 2.00 Bn | 1.59 Bn | 1.87 Bn | 72.00 Mn |
| 10 | Surf Air Mobility | 60.58 Mn | 56.41 Mn | -333,000.00 | 1.97 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.97 Mn |
| Dec 31, 2025 | 5.09 Mn |
| Sep 30, 2025 | 2.06 Mn |
| Jun 30, 2025 | 2.73 Mn |
| Mar 31, 2025 | 2.68 Mn |
| Dec 31, 2024 | 645,000.00 |
| Sep 30, 2024 | 5.71 Mn |
| Jun 30, 2024 | 2.58 Mn |
| Mar 31, 2024 | 7.01 Mn |
| Dec 31, 2023 | 13.00 Mn |
| Sep 30, 2023 | 4.53 Mn |
| Jun 30, 2023 | 816,000.00 |
| Mar 31, 2023 | 1.39 Mn |
| Dec 31, 2022 | 3.03 Mn |
| Sep 30, 2022 | 730,000.00 |
| Jun 30, 2022 | 716,000.00 |