Surf Air Mobility Inc. (SRFM) Revenue History
Annual and quarterly revenue from 2020 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
SRFM Revenue Growth
Revenue Breakdown (FY 2025)
SRFM's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
SRFM Revenue Analysis (2020–2025)
As of May 8, 2026, Surf Air Mobility Inc. (SRFM) generated trailing twelve-month (TTM) revenue of $106.6 million, reflecting moderate decline in growth of -5.7% year-over-year. The most recent quarter (Q4 2025) recorded $26.4 million in revenue, down 9.3% sequentially.
Looking at the longer-term picture, SRFM's 5-year compound annual growth rate (CAGR) stands at +70.0%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $119.4 million in 2024.
Revenue diversification analysis shows SRFM's business is primarily driven by Passenger (100%). With over half of revenue concentrated in Passenger, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including ACHR, JOBY (+69873.9% YoY), and MESA (-19.9% YoY), SRFM has underperformed the peer group in terms of revenue growth. Compare SRFM vs ACHR →
SRFM Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SRFMCurrent | $107M | -5.7% | +70.0% | -72.1% | |
 ACHR | $300,000 | - | - | -243100.0% | |
 JOBY | $53M | +69873.9% | - | -1346.9% | |
 MESA | $381M | -19.9% | -6.9% | -46.5% | |
 SKYW | $4.1B | +12.3% | +13.8% | 15.2% |
SRFM Historical Revenue Data (2020–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $106.6M | -10.8% | $4.2M | 3.9% | $-76,874,000 | -72.1% |
| 2024 | $119.4M | +97.4% | $9.5M | 7.9% | $-60,256,000 | -50.5% |
| 2023 | $60.5M | +198.4% | $-5,175,000 | -8.6% | $-196,767,000 | -325.2% |
| 2022 | $20.3M | +71.8% | $-5,577,000 | -27.5% | $-50,904,000 | -251.1% |
| 2021 | $11.8M | +57.3% | $-3,749,000 | -31.8% | $-33,350,000 | -282.7% |
| 2020 | $7.5M | - | $-3,527,000 | -47.0% | $-20,758,000 | -276.8% |
See SRFM's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs SRFM Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare SRFM vs SPIR
Side-by-side business, growth, and profitability comparison vs Spire Global, Inc..
Start ComparisonSRFM — Frequently Asked Questions
Quick answers to the most common questions about buying SRFM stock.
Is SRFM's revenue growth accelerating or slowing?
SRFM revenue declined -5.7% year-over-year, contrasting with the 5-year CAGR of +70.0%. TTM revenue fell to $107M. This reverses the prior growth trend.
What is SRFM's long-term revenue growth rate?
Surf Air Mobility Inc.'s 5-year revenue CAGR of +70.0% reflects the variable expansion pattern. Current YoY growth of -5.7% is below this long-term average.
How is SRFM's revenue distributed by segment?
SRFM reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2020-2025 are available for download. Segment mix reveals concentration and diversification trends.