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Surf Air Mobility vs Volato Group: SRFM and SOAR compared
Surf Air Mobility is the larger company: $36.5M of revenue in its latest quarter (Q3 2026) against $965K for Volato Group (Q2 2026). Surf Air Mobility is growing faster (+25% against -96% a year earlier). Surf Air Mobility is more profitable, with an operating margin of -43.8% against -261.1%.
Where the money goes: SRFM and SOAR
Surf Air Mobility (SRFM) · Q3 2026
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 follows the revenue to costs, profit and cash.
Volato Group (SOAR) · Q2 2026
Volato Group, Q2 2026: revenue $965K (-96% year over year), operating margin -261.1%, net loss $2.1M, operating cash flow −$282K. The chart follows the revenue to costs, profit and cash.
| Surf Air Mobility (SRFM) | Volato Group (SOAR) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $36.5M | $965K |
| Revenue growth, Y/Y | +25% | -96% |
| Operating margin | -43.8% | -261.1% |
| Net earnings | −$20.4M | −$2.1M |
| Net margin | -55.9% | -212.5% |
| Operating cash flow | −$21.2M | −$282K |
Where the revenue comes from
Surf Air Mobility
- On Demand: $19.0M (52%)
- Scheduled: $17.4M (48%)
Questions
Which is bigger, Surf Air Mobility or Volato Group?
Surf Air Mobility is the larger company: $36.5M of revenue in its latest quarter (Q3 2026) against $965K for Volato Group (Q2 2026).
Is Surf Air Mobility or Volato Group growing faster?
Surf Air Mobility is growing faster (+25% against -96% a year earlier).
Which is more profitable, Surf Air Mobility or Volato Group?
Surf Air Mobility is more profitable, with an operating margin of -43.8% against -261.1%.
More: Surf Air Mobility earnings · how Surf Air Mobility makes money · Volato Group earnings · how Volato Group makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Aug 14, 2026). Fiscal quarters can end on different dates. Not investment advice.