Filing Flows › Surf Air Mobility (SRFM) › Q3 2026 › vs Q3 2025
Surf Air Mobility (SRFM) Q3 2026 vs Q3 2025 (year over year)
Surf Air Mobility's revenue rose $7.3M (+25%) from $29.2M in Q3 2025 to $36.5M in Q3 2026. The biggest changes: On Demand +$10.4M (+121%); Scheduled −$3.1M (-15%).
Surf Air Mobility, Q3 2026: revenue $36.5M (+25% year over year), operating margin -43.8%, net loss $20.4M, operating cash flow −$21.2M. The chart draws each line against Q3 2025, the increases inside each band.
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| On Demand | $19.0M | $8.6M | $10.4M | +121% |
| Scheduled | $17.4M | $20.6M | −$3.1M | -15% |
| Revenue | $36.5M | $29.2M | $7.3M | +25% |
| Income tax benefit | $39K | $62K | −$23K | -37% |
| Net loss | $20.4M | $27.2M | −$6.8M | -25% |
| Costs & expenses | $56.9M | $56.4M | $416K | +0.7% |
| Operating costs | $52.4M | $45.7M | $6.7M | +15% |
| Interest & other, net | $4.4M | $10.8M | −$6.3M | -59% |
| Cost of revenue | $33.5M | $27.7M | $5.8M | +21% |
| Sales & marketing | $2.4M | $2.1M | $357K | +17% |
| General & admin | $12.2M | $11.2M | $1.0M | +9% |
| Other operating costs | $4.3M | $4.8M | −$471K | -10% |
| Operating cash sources | $25.7M | $24.0M | $1.7M | +7% |
| Depreciation & amortization | $2.9M | $2.4M | $428K | +18% |
| Share-based compensation | $1.7M | $2.3M | −$584K | -26% |
| Cash used in operations | $21.2M | $19.3M | $1.9M | +10% |
| Net loss absorbed | $20.4M | $27.2M | −$6.8M | -25% |
| Working capital & other | $5.4M | −$3.2M | $8.6M | — |
Questions
How much did Surf Air Mobility's revenue grow year over year in Q3 2026?
Surf Air Mobility's revenue rose $7.3M (+25%) from $29.2M in Q3 2025 to $36.5M in Q3 2026.
What drove Surf Air Mobility's revenue change in Q3 2026?
On Demand +$10.4M (+121%); Scheduled −$3.1M (-15%).