Surf Air Mobility (SRFM) Research & Development (2022 - 2026)
Surf Air Mobility's Research & Development was $1.78 million in Q2 2026, down 34.9% from $2.73 million a year earlier and down 27.2% from the prior quarter.
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Analysis
Surf Air Mobility (SRFM) Research & Development (2022 - 2026) Analysis & Trends
On a trailing twelve-month basis, Surf Air Mobility's Research & Development was $8.84 million through Jun 30, 2026, down 47.3% year-over-year; for FY2025, it came in at $10.3 million, down 57.2% from FY2024.
- Research & Development shows a three-year compound annual growth rate of 46.3% (FY2022 to FY2025).
- In earlier years, Research & Development was $24.04 million in FY2024 (+15.3%), $20.85 million in FY2023 (+533.9%) and $3.29 million in FY2022.
- The Q2 2026 figure marks the lowest quarterly Research & Development since Q2 2023.
- Compared with a year earlier, Research & Development has declined for seven straight quarters, with an average decline of 30.4% over the last eight quarters.
- The best year-over-year quarter for Research & Development over five years was Q1 2024 (growth of 763.2%); the worst was Q4 2024 (a decline of 65.3%).
- Per Business Quant data, SRFM's Research & Development in the three quarters before Q2 2026 was $2.45 million (Q1 2026), $2.29 million (Q4 2025) and $2.33 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 162.85 Bn | 157.37 Bn | - | - |
| 2 | Csx | 86.62 Bn | 82.84 Bn | - | - |
| 3 | Canadian Pacific Kansas City | 76.11 Bn | 75.83 Bn | - | - |
| 4 | United Parcel Service | 70.66 Bn | 47.58 Bn | - | - |
| 5 | Norfolk Southern | 70.32 Bn | 64.96 Bn | - | - |
| 6 | Fedex | 68.53 Bn | 34.48 Bn | - | - |
| 7 | Delta Air Lines | 55.25 Bn | 37.43 Bn | - | - |
| 8 | Old Dominion Freight Line | 36.69 Bn | 35.95 Bn | - | - |
| 9 | Ryanair Holdings | 28.78 Bn | 12.78 Bn | 3.13 Bn | - |
| 10 | Surf Air Mobility | 116.10 Mn | 73.77 Mn | 62,000.00 | 1.78 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.78 Mn |
| Mar 31, 2026 | 2.45 Mn |
| Dec 31, 2025 | 2.29 Mn |
| Sep 30, 2025 | 2.33 Mn |
| Jun 30, 2025 | 2.73 Mn |
| Mar 31, 2025 | 2.68 Mn |
| Dec 31, 2024 | 5.66 Mn |
| Sep 30, 2024 | 5.71 Mn |
| Jun 30, 2024 | 5.66 Mn |
| Mar 31, 2024 | 7.01 Mn |
| Dec 31, 2023 | 16.34 Mn |
| Sep 30, 2023 | 2.88 Mn |
| Jun 30, 2023 | 816,000.00 |
| Mar 31, 2023 | 812,000.00 |
| Dec 31, 2022 | 1.10 Mn |
| Sep 30, 2022 | 730,000.00 |
| Jun 30, 2022 | 716,000.00 |
API Access
Surf Air Mobility Research & Development 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=research-and-development&ticker=SRFM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=SRFM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();