What are Surf Air Mobility's profit margins?

Surf Air Mobility (SRFM) runs a 4.9% gross margin and a -65.9% operating margin, with a -103.4% net margin.

Where do Surf Air Mobility's ratios come from?

Every ratio is computed from Surf Air Mobility's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Surf Air Mobility SRFM Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	4.9%-0.6pp	4.2%-3.8pp	5.1%-0.7pp	4.6%-2.0pp	5.5%+3.3pp
Operating margin	-65.9%—	-72.1%—	——	——	——
Net margin	-103.4%-52.0pp	-103.8%-40.0pp	-68.1%+90.2pp	-54.7%+169pp	-51.4%+261pp
EBITDA margin	-57%-20.5pp	-63.4%-15.6pp	-35.9%+107pp	-29.1%+171pp	-36.5%+213pp
Free cash flow margin	-62.6%-0.6pp	-65.8%-10.5pp	-76.4%-35.3pp	-70%-6.5pp	-62%+27.2pp
Returns
Return on assets	-99.4%-45.5pp	-86.5%-21.6pp	-72%+60.1pp	-50%+365pp	-53.9%—
Efficiency
Asset turnover	1×-0.1×	0.8×-0.2×	1.1×+0.2×	0.9×-0.9×	1×—
Liquidity
Current ratio	0.2×-0.1×	0.2×-0.1×	0.2×+0.1×	0.4×+0.3×	0.2×+0.1×
Quick ratio	0.2×-0.1×	0.2×-0.1×	0.2×+0.1×	0.4×+0.3×	0.2×+0.1×
Cash ratio	0×0.0×	0.1×-0.1×	0.1×+0.1×	0.2×+0.2×	0.1×+0.1×
Leverage
Debt-to-assets	0.2×-0.5×	0.2×-0.4×	0.7×+0.4×	0.6×+0.3×	0.7×+0.4×
Interest coverage	-6.8×-2.2×	-5.8×+1.8×	-3.5×+21.8×	-3.2×+36.3×	-4.6×+44.5×
Per Share
Book value per share	-$0.82+89.8%	-$1.56+83.2%	-$2.18+79.1%	-$5.52+49.5%	-$8.02+16.6%
Valuation
Market capitalization	$115.43M-1.6%	$122.65M+46.7%	$183.72M+969%	$123.86M+287%	$45.25M-27.1%
Enterprise value	$140.09M-19.2%	$140.84M-1.8%	$254.78M+437%	$180M+184%	$117.42M+21.4%
Price / sales	1.1×0.0×	1.2×+0.5×	1.7×+1.6×	1.2×+0.9×	0.4×-0.3×
EV / sales	1.3×-0.3×	1.3×+0.1×	2.4×+2.0×	1.7×+1.1×	1×-0.1×
Free cash flow yield	-58.9%+5.1pp	-57.1%+21.9pp	-45%+238pp	-60.7%+161pp	-153.9%-30.8pp
Earnings yield	-97.3%-47.3pp	-90.1%+1.0pp	-40.1%+1,049pp	-47.4%+733pp	-127.5%+303pp

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Questions, answered.

What are Surf Air Mobility's profit margins?: Surf Air Mobility (SRFM) runs a 4.9% gross margin and a -65.9% operating margin, with a -103.4% net margin.
Where do Surf Air Mobility's ratios come from?: Every ratio is computed from Surf Air Mobility's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.