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How Surf Air Mobility (SRFM) makes money

Surf Air Mobility (SRFM) made $36.5M of revenue in the third quarter 2026 (Q3 2026), +25% from a year earlier. On Demand brought in $19.0M (52%); Scheduled brought in $17.4M (48%).

Drawing the Sankey…

Surf Air Mobility revenue by segment, Q3 2026Surf Air Mobility revenue by segment, Q3 2026On Demand$19.0MScheduled$17.4M
Surf Air Mobility: revenue by line, Q1 2025 to Q3 2026Surf Air Mobility: revenue by line, Q1 2025 to Q3 2026ScheduledOn DemandScheduled: $17.4M latest$17.4MOn Demand: $19.0M latest$19.0MQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Scheduled went from 76% of revenue in Q1 2025 to 48% in Q3 2026, the largest shift in the mix.
Surf Air Mobility revenue by quarterSurf Air Mobility revenue by quarter$23.5MQ1 2025$27.4MQ2 2025$29.2MQ3 2025$26.4MQ4 2025$25.6MQ1 2026$29.5MQ2 2026$36.5MQ3 2026

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
On Demand$19.0M52.2%+57%+121%
Scheduled$17.4M47.8%+0.3%-15%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$36.5M100.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$36.5M+25%
Q2 2026$29.5M+8%
Q1 2026$25.6M+9%
Q4 2025$26.4M-6%
Q3 2025$29.2M+3%
Q2 2025$27.4M-15%
Q1 2025$23.5M-23%

From Surf Air Mobility's 10-Q filed Nov 5, 2026 (on EDGAR).

Questions

How does Surf Air Mobility make money?

Surf Air Mobility (SRFM) made $36.5M of revenue in the third quarter 2026 (Q3 2026), +25% from a year earlier. On Demand brought in $19.0M (52%); Scheduled brought in $17.4M (48%).

What is Surf Air Mobility's biggest business?

On Demand: $19.0M in the third quarter 2026, 52% of revenue, +121% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.