Surf Air Valuation Multiples

Surf Air Overview

About Surf Air

Surf Air Mobility Inc provides a regional air mobility platform to connect communities sustainably. The company is an electric aviation and air travel company expanding the category of regional air travel and reinventing flying through electrification. The company is building a regional air mobility ecosystem to sustainably connect the world's communities. It generates revenue through air mobility services.

Founded

2021

HQ

Employees

703

Website

surfair.com

Sectors

AirlinesUrban Air MobilityDeepTech

Financials (LTM)

Revenue: $114M

EBITDA: ($43M)

EV

$184M

Valuation Multiples

Multiples.vc

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Surf Air Financials

Surf Air reported last 12-month revenue of $114M and negative EBITDA of ($43M).

In the same LTM period, Surf Air generated $7M in gross profit, ($43M) in EBITDA losses, and had net loss of ($103M).

Surf Air P&L

In the most recent fiscal year, Surf Air reported revenue of $107M and EBITDA of ($42M).

Surf Air expects next 12-month revenue of XXX and NTM EBITDA of XXX

Surf Air Stock Performance

Surf Air has current market cap of $96M, and enterprise value of $184M.

Surf Air's stock price is $1.25.

Surf Air Valuation Multiples

Surf Air trades at 1.6x EV/Revenue multiple, and (4.2x) EV/EBITDA.

Surf Air Financial Valuation Multiples

As of April 17, 2026, Surf Air has market cap of $96M and EV of $184M.

Equity research analysts estimate Surf Air's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Surf Air has a P/E ratio of (0.9x).

Surf Air Margins & Growth Rates

Surf Air's revenue in the last 12 month grew by 23%.

Surf Air's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.

Surf Air's rule of 40 is (12%) (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Surf Air's rule of X is 23% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Surf Air Public Comps

See public comps and valuation multiples for other Airlines and Urban Air Mobility comps.

Surf Air M&A Activity

Surf Air acquired XXX companies to date.

Last acquisition by Surf Air was on XXXXXXXX, XXXXX. Surf Air acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Surf Air Investment Activity

Surf Air invested in XXX companies to date.

Surf Air made its latest investment on XXXXXXXX, XXXXX. Surf Air invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).