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Gross margin at other companies

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2.7%+0.2pp
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Innovative Solutions & SupportISSC
50.7%+0.5pp
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AstronicsATRO
30.7%+2.1pp

Other financials

Income statement

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Revenue$25.6M+9.0%
Gross profit-$333.0K+72.3%
Operating income-$13.4M+28.1%
Net income-$20.3M-9.7%
EPS (diluted)-$0.26+76.1%

Balance sheet

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Cash & equivalents$4.2M-37.2%
Total debt$28.8M-63.4%
Total equity-$63.2M+53.4%
Total assets$120.8M+14.8%

Cash flow

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Operating cash flow-$12.3M+22.5%
CapEx$2.8M+117%
Free cash flow-$15.0M+12.1%

Valuation

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Market cap$115.43M-1.6%
Enterprise value$140.09M-19.2%
P/S1.1×0.0×

Profitability

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Operating margin-65.9%
Net margin-103.4%-7,842pp
FCF margin-62.6%+0.6pp

Returns & leverage

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Return on equity113%
Debt / equity1.5×
Current ratio0.2×-0.1×

Where this comes from

Calculated from Surf Air Mobility’s reported figures.

Based on trailing twelve months.

The official record: Surf Air Mobility’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Surf Air Mobility's gross margin?
Surf Air Mobility (SRFM) reported gross margin of 4.9% in Q1 2026.
How has Surf Air Mobility's gross margin changed year-over-year?
Surf Air Mobility's gross margin decreased by 10.7% year-over-year, from 5.5% to 4.9%.
What is the long-term trend for Surf Air Mobility's gross margin?
Over 3 years (2022 to 2025), Surf Air Mobility's gross margin has grown at a -42.9% compound annual growth rate (CAGR), from -22.4% to 4.2%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.