🎉 M&A multiples are live!
Check it out!

Surf Air Valuation Multiples

Discover revenue and EBITDA valuation multiples for Surf Air and similar public comparables like Qantas Airways, Bangkok Airways, and Aegean Airlines.

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

United States of America
Employees

703

Website

surfair.com

Financials

LTM Revenue $112M

LTM EBITDA -$40.4M

EV

$129M

Valuation Multiples

Multiples.vc

Sign up to see

Valuation Multiples for 12K+ Public Comps

Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.

Surf Air Financials

Surf Air has a last 12-month revenue (LTM) of $112M and a last 12-month EBITDA of -$40.4M.

In the most recent fiscal year, Surf Air achieved revenue of $119M and an EBITDA of -$58.2M.

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

See Surf Air valuation multiples based on analyst estimates

Surf Air P&L

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue $112M XXX $119M XXX XXX XXX
Gross Profit $9.7M XXX $1.1M XXX XXX XXX
Gross Margin 9% XXX 1% XXX XXX XXX
EBITDA -$40.4M XXX -$58.2M XXX XXX XXX
EBITDA Margin -36% XXX -49% XXX XXX XXX
EBIT -$56.2M XXX -$60.3M XXX XXX XXX
EBIT Margin -50% XXX -50% XXX XXX XXX
Net Profit -$68.7M XXX -$74.9M XXX XXX XXX
Net Margin -61% XXX -63% XXX XXX XXX
Net Debt XXX XXX $54.5M XXX XXX XXX

Financial data powered by Morningstar, Inc.

Surf Air Stock Performance

As of May 30, 2025, Surf Air's stock price is $2.

Surf Air has current market cap of $44.9M, and EV of $129M.

See Surf Air trading valuation data

Surf Air Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$129M $44.9M XXX XXX XXX XXX $-4.86

Benchmark Trading Valuation Multiples by Industry

Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more

Start Free Trial

Surf Air Valuation Multiples

As of May 30, 2025, Surf Air has market cap of $44.9M and EV of $129M.

Surf Air's trades at 1.1x EV/Revenue multiple, and -2.2x EV/EBITDA.

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 -0.7x.

See valuation multiples for Surf Air and 12K+ public comps

Surf Air Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $44.9M XXX $44.9M XXX XXX XXX
EV (current) $129M XXX $129M XXX XXX XXX
EV/Revenue 1.2x XXX 1.1x XXX XXX XXX
EV/EBITDA -3.2x XXX -2.2x XXX XXX XXX
EV/EBIT -2.3x XXX -2.1x XXX XXX XXX
EV/Gross Profit 13.4x XXX n/a XXX XXX XXX
P/E -0.7x XXX -0.6x XXX XXX XXX
EV/FCF n/a XXX -1.9x XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Get Surf Air Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.

Start Free Trial

Surf Air Margins & Growth Rates

Surf Air's last 12 month revenue growth is 8%

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 -401% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Surf Air's rule of X is -17% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

See operational valuation multiples for Surf Air and other 12K+ public comps

Surf Air Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth 8% XXX 11% XXX XXX XXX
EBITDA Margin -36% XXX -49% XXX XXX XXX
EBITDA Growth -31% XXX n/a XXX XXX XXX
Rule of 40 -401% XXX -41% XXX XXX XXX
Bessemer Rule of X XXX XXX -17% XXX XXX XXX
Revenue per Employee XXX XXX $0.2M XXX XXX XXX
Opex per Employee XXX XXX $0.1M XXX XXX XXX
S&M Expenses to Revenue XXX XXX 6% XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX 20% XXX XXX XXX
Opex to Revenue XXX XXX 51% XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 220+ Verticals

Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!

Digital Therapeutics
Pharma Analytics
Private Equity
ERP Software
Developer Tools
Consumer SaaS
Streaming Platforms

Surf Air Public Comps

See public comps and valuation multiples for Airlines and Urban Air Mobility comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
flyExclusive XXX XXX XXX XXX XXX XXX
Qantas Airways XXX XXX XXX XXX XXX XXX
Aegean Airlines XXX XXX XXX XXX XXX XXX
Asia Aviation XXX XXX XXX XXX XXX XXX
Bangkok Airways XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

Valuation data powered by FactSet, Inc.

Surf Air M&A and Investment Activity

Surf Air acquired  XXX companies to date.

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

See M&A valuation multiples

Latest Acquisitions by Surf Air

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

Get Verified M&A Valuation Multiples

Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.

Start Free Trial

About Surf Air

When was Surf Air founded? Surf Air was founded in 2021.
Where is Surf Air headquartered? Surf Air is headquartered in United States of America.
How many employees does Surf Air have? As of today, Surf Air has 703 employees.
Who is the CEO of Surf Air? Surf Air's CEO is Ms. Deanna White.
Is Surf Air publicy listed? Yes, Surf Air is a public company listed on NYS.
What is the stock symbol of Surf Air? Surf Air trades under SRFM ticker.
When did Surf Air go public? Surf Air went public in 2023.
Who are competitors of Surf Air? Similar companies to Surf Air include e.g. flyExclusive, Qantas Airways, Aegean Airlines, Asia Aviation.
What is the current market cap of Surf Air? Surf Air's current market cap is $44.9M
What is the current revenue of Surf Air? Surf Air's last 12 months revenue is $112M.
What is the current revenue growth of Surf Air? Surf Air revenue growth (NTM/LTM) is 8%.
What is the current EV/Revenue multiple of Surf Air? Current revenue multiple of Surf Air is 1.2x.
Is Surf Air profitable? Yes, Surf Air is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Surf Air? Surf Air's last 12 months EBITDA is -$40.4M.
What is Surf Air's EBITDA margin? Surf Air's last 12 months EBITDA margin is -36%.
What is the current EV/EBITDA multiple of Surf Air? Current EBITDA multiple of Surf Air is -3.2x.

Join Now Or Talk To Us

Get access to always up-to-date, precisely categorized 70K+ public and private valuation multiples, across tech and beyond.