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New Horizon Aircraft (HOVRW) Financials

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$0.23 -0.02 (-8.40%)
As of 10:49 AM Eastern
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Annual Income Statements for New Horizon Aircraft

Annual Income Statements for New Horizon Aircraft

This table shows New Horizon Aircraft's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025 2026
Period end date 5/31/2023 5/31/2024 5/31/2025 5/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -0.92 -5.98 3.78 -24
Consolidated Net Income / (Loss)		 -0.92 -5.98 3.78 -24
Net Income / (Loss) Continuing Operations		 -0.92 -5.98 3.78 -24
Total Pre-Tax Income 		-0.92 -5.98 3.78 -24
Total Operating Income		 -1.08 -3.39 -9.88 -17
Total Gross Profit		 0.00 0.00 0.00 0.00
Total Revenue		 0.00 0.00 0.00 0.00
Total Cost of Revenue		 0.00 0.00 0.00 0.00
Total Operating Expenses		 1.08 3.39 9.88 17
Selling, General & Admin Expense		 0.58 2.74 7.22 7.42
Research & Development Expense		 0.50 0.64 2.66 9.61
Other Special Charges / (Income)		 - - - 0.00
Total Other Income / (Expense), net		 0.16 -2.59 14 -6.98
Interest & Investment Income		 -0.05 - 0.09 0.49
Other Income / (Expense), net		 0.21 - 14 -7.47
Income Tax Expense		 0.00 0.00 0.00 0.00
Basic Earnings per Share		 ($0.13) ($0.56) $0.15 ($0.56)
Weighted Average Basic Shares Outstanding		 7.33M 10.72M 25.84M 43.05M
Diluted Earnings per Share		 ($0.13) ($0.56) $0.12 ($0.56)
Weighted Average Diluted Shares Outstanding		 7.33M 10.72M 30.76M 43.05M
Weighted Average Basic & Diluted Shares Outstanding		 18.22M 18.61M 39.21M 66.83M

Quarterly Income Statements for New Horizon Aircraft

This table shows New Horizon Aircraft's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027
Period end date 2/29/2024 5/31/2024 8/31/2024 11/30/2024 2/28/2025 5/31/2025 8/31/2025 11/30/2025 2/28/2026 5/31/2026 8/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -3.91 -1.22 -2.16 14 -3.42 -4.67 -7.94 -6.19 -5.06 -4.82 -2.94
Consolidated Net Income / (Loss)		 -3.91 -1.22 -2.16 14 -3.42 -4.67 -7.94 -6.19 -5.06 -4.82 -2.94
Net Income / (Loss) Continuing Operations		 -3.91 -1.22 -2.16 14 -3.42 -4.67 -7.94 -6.19 -5.06 -4.82 -2.94
Total Pre-Tax Income 		-3.91 -1.22 -2.16 14 -3.42 -4.67 -7.94 -6.19 -5.06 -4.82 -2.94
Total Operating Income		 -0.93 -1.57 -2.00 -2.34 -2.46 -3.08 -4.30 -3.66 -5.57 -3.49 -6.56
Total Gross Profit		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Revenue		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Cost of Revenue		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Operating Expenses		 0.93 1.57 2.00 2.34 2.46 3.08 4.30 3.66 5.57 3.49 6.56
Selling, General & Admin Expense		 0.73 1.40 1.78 2.03 2.16 1.25 2.32 1.80 2.43 0.87 1.20
Research & Development Expense		 0.20 0.18 0.22 0.30 0.31 1.83 1.98 1.87 3.14 2.62 5.36
Total Other Income / (Expense), net		 -2.98 0.36 -0.15 16 -0.96 -1.59 -3.64 -2.53 0.51 -1.32 3.63
Income Tax Expense		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Basic Earnings per Share		 ($0.33) ($0.06) ($0.11) $0.59 ($0.12) ($0.22) ($0.21) ($0.15) ($0.12) ($0.08) ($0.04)
Weighted Average Basic Shares Outstanding		 11.70M 10.72M 19.25M 23.60M 29.47M 25.84M 37.14M 42.08M 44.33M 43.05M 65.64M
Diluted Earnings per Share		 ($0.33) ($0.06) ($0.11) $0.57 ($0.12) ($0.22) ($0.21) ($0.15) ($0.12) ($0.08) ($0.04)
Weighted Average Diluted Shares Outstanding		 11.70M 10.72M 19.25M 24.57M 29.47M 30.76M 37.14M 42.08M 44.33M 43.05M 65.64M
Weighted Average Basic & Diluted Shares Outstanding		 18.22M 18.61M 24.57M 31.23M 31.39M 39.21M 40.97M 44.25M 45.26M 66.83M 67.12M

Annual Cash Flow Statements for New Horizon Aircraft

This table details how cash moves in and out of New Horizon Aircraft's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025 2026
Period end date 5/31/2023 5/31/2024 5/31/2025 5/31/2026
Net Change in Cash & Equivalents		 0.16 1.16 4.17 51
Net Cash From Operating Activities		 -0.80 -2.42 -6.77 -12
Net Cash From Continuing Operating Activities		 -0.80 -2.42 -6.77 -12
Net Income / (Loss) Continuing Operations		 -0.92 -5.98 3.78 -24
Consolidated Net Income / (Loss)		 -0.92 -5.98 3.78 -24
Depreciation Expense		 0.02 0.04 0.10 0.22
Non-Cash Adjustments To Reconcile Net Income		 0.12 3.09 -12 13
Changes in Operating Assets and Liabilities, net		 -0.03 0.43 1.63 -1.20
Net Cash From Investing Activities		 0.00 -0.15 -0.10 -0.70
Net Cash From Continuing Investing Activities		 0.00 -0.15 -0.10 -0.70
Purchase of Property, Plant & Equipment		 0.00 -0.15 -0.10 -0.70
Net Cash From Financing Activities		 0.96 3.74 11 64
Net Cash From Continuing Financing Activities		 0.96 3.74 11 64
Repurchase of Common Equity		 - 0.00 -0.37 0.00
Issuance of Preferred Equity		 - 0.00 4.57 0.00
Issuance of Common Equity		 - 0.00 4.39 0.00
Other Financing Activities, net		 0.00 -1.14 2.47 64
Cash Interest Paid		 0.01 0.02 0.00 0.00
Cash Income Taxes Paid		 0.00 0.00 0.00 0.00

Quarterly Cash Flow Statements for New Horizon Aircraft

This table details how cash moves in and out of New Horizon Aircraft's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027
Period end date 2/29/2024 5/31/2024 8/31/2024 11/30/2024 2/28/2025 5/31/2025 8/31/2025 11/30/2025 2/28/2026 5/31/2026 8/31/2026
Net Change in Cash & Equivalents		 -1.07 -1.92 1.49 -2.15 5.78 -0.94 6.35 5.64 -3.10 42 -5.93
Net Cash From Operating Activities		 0.43 -1.86 -1.09 -1.89 -1.73 -2.06 -1.72 -1.84 -5.09 -3.32 -5.20
Net Cash From Continuing Operating Activities		 0.43 -1.86 -1.09 -1.89 -1.73 -2.06 -1.72 -1.84 -5.09 -3.32 -5.20
Net Income / (Loss) Continuing Operations		 -3.87 -1.22 -2.16 14 -3.77 -4.40 -7.94 -6.05 -5.41 -4.61 -2.94
Consolidated Net Income / (Loss)		 -3.87 -1.22 -2.16 14 -3.77 -4.40 -7.94 -6.05 -5.41 -4.61 -2.94
Depreciation Expense		 0.02 0.01 0.02 0.02 0.02 0.03 0.04 0.04 0.06 0.08 0.09
Non-Cash Adjustments To Reconcile Net Income		 3.01 -0.07 0.43 -16 1.50 2.12 5.50 3.01 2.59 1.93 -2.07
Changes in Operating Assets and Liabilities, net		 1.27 -0.59 0.61 0.30 0.52 0.20 0.69 1.16 -2.32 -0.72 -0.29
Net Cash From Investing Activities		 -0.08 -0.04 0.00 -0.00 -0.06 -0.04 -0.10 -0.38 -0.11 -0.11 -0.48
Net Cash From Continuing Investing Activities		 -0.08 -0.04 0.00 -0.00 -0.06 -0.04 -0.10 -0.38 -0.11 -0.11 -0.48
Purchase of Property, Plant & Equipment		 -0.08 -0.04 0.00 -0.00 -0.06 -0.04 -0.10 -0.38 -0.11 -0.11 -0.48
Net Cash From Financing Activities		 -1.42 -0.02 2.58 -0.25 7.57 1.15 8.18 7.85 2.11 46 -0.24
Net Cash From Continuing Financing Activities		 -1.42 -0.02 2.58 -0.25 7.57 1.15 8.18 7.85 2.11 46 -0.24
Repurchase of Common Equity		 - - -0.38 0.01 0.01 -0.02 0.00 - - - -0.69
Other Financing Activities, net		 -1.14 0.01 0.03 -0.16 1.85 0.74 8.18 7.85 2.11 46 0.45
Cash Interest Paid		 - 0.02 0.00 - - - 0.00 - - - 0.00
Cash Income Taxes Paid		 - - 0.00 - - - 0.00 - - - 0.00

Annual Balance Sheets for New Horizon Aircraft

This table presents New Horizon Aircraft's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024 2025 2026
Period end date 12/31/2022 5/31/2023 5/31/2024 5/31/2025 5/31/2026
Total Assets		 0.46 0.32 3.62 6.12 61
Total Current Assets		 0.09 0.18 3.42 5.95 60
Cash & Equivalents		 0.09 0.17 1.33 5.49 57
Accounts Receivable		 - 0.01 0.31 0.07 0.58
Prepaid Expenses		 0.00 0.00 1.78 0.39 2.73
Plant, Property, & Equipment, net		 0.00 0.04 0.15 0.15 0.64
Total Noncurrent Assets		 0.37 0.10 0.05 0.02 0.05
Other Noncurrent Operating Assets		 0.37 0.09 0.05 0.02 0.05
Total Liabilities & Shareholders' Equity		 0.46 0.32 3.62 6.12 61
Total Liabilities		 0.44 1.34 17 4.24 9.20
Total Current Liabilities		 0.44 1.10 0.98 0.96 2.64
Accounts Payable		 0.00 0.13 0.52 0.49 2.01
Accrued Expenses		 0.14 0.04 0.42 0.45 0.59
Other Current Liabilities		 - 0.04 0.03 0.02 0.04
Total Noncurrent Liabilities		 0.00 0.25 16 3.27 6.56
Capital Lease Obligations		 - 0.05 0.02 0.01 0.02
Other Noncurrent Operating Liabilities		 0.00 0.00 16 3.26 6.55
Total Equity & Noncontrolling Interests		 0.02 -1.02 -13 1.88 52
Total Preferred & Common Equity		 0.02 -1.02 -13 1.88 52
Preferred Stock		 0.00 - 0.00 4.57 4.55
Total Common Equity		 0.02 -1.02 -13 -2.68 47
Common Stock		 0.03 3.78 -2.38 4.22 78
Retained Earnings		 -0.01 -4.80 -11 -6.90 -31

Quarterly Balance Sheets for New Horizon Aircraft

This table presents New Horizon Aircraft's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026 Q1 2027
Period end date 9/30/2023 2/29/2024 8/31/2024 11/30/2024 2/28/2025 8/31/2025 11/30/2025 2/28/2026 8/31/2026
Total Assets		 122 6.82 4.62 1.40 7.16 12 18 16 54
Total Current Assets		 0.22 6.56 4.45 1.26 6.99 12 18 15 53
Cash & Equivalents		 0.07 4.42 2.83 0.63 6.37 12 17 14 51
Accounts Receivable		 - 0.13 0.04 0.02 0.10 0.06 0.16 0.21 0.87
Prepaid Expenses		 0.15 2.02 1.57 0.61 0.51 0.27 0.23 0.80 1.85
Plant, Property, & Equipment, net		 0.00 0.17 0.13 0.11 0.14 0.22 0.55 0.61 1.03
Total Noncurrent Assets		 121 0.09 0.05 0.04 0.03 0.02 0.02 0.01 0.04
Other Noncurrent Operating Assets		 121 0.09 0.05 0.04 0.03 0.02 0.02 0.01 0.04
Total Liabilities & Shareholders' Equity		 122 6.82 4.62 1.40 7.16 12 18 16 54
Total Liabilities		 14 23 21 3.08 2.31 4.54 7.99 5.71 5.52
Total Current Liabilities		 1.25 2.30 1.10 0.46 0.98 1.53 2.73 1.04 1.76
Accounts Payable		 0.35 1.45 0.92 0.27 0.58 0.28 0.65 0.81 1.17
Accrued Expenses		 0.14 0.80 0.16 0.17 0.39 1.23 2.07 0.23 0.56
Other Current Liabilities		 - 0.05 0.03 0.02 0.01 0.02 0.01 0.01 0.03
Total Noncurrent Liabilities		 12 21 20 2.62 1.33 3.01 5.26 4.66 3.76
Capital Lease Obligations		 - - 0.02 0.01 0.01 0.00 0.00 0.00 0.01
Other Noncurrent Operating Liabilities		 12 21 20 2.61 1.32 3.01 5.26 4.66 3.75
Total Equity & Noncontrolling Interests		 -13 -16 -16 -1.68 4.85 7.88 10 10 49
Total Preferred & Common Equity		 -13 -16 -16 -1.68 4.85 7.88 10 10 49
Preferred Stock		 0.00 - - - 4.34 4.57 4.49 4.60 4.53
Total Common Equity		 -13 -16 -16 -1.68 0.51 3.30 5.86 5.76 44
Common Stock		 0.00 -3.16 -3.36 -3.16 2.50 18 27 32 78
Retained Earnings		 -13 -13 -13 1.48 -1.99 -15 -21 -26 -34

Annual Metrics And Ratios for New Horizon Aircraft

This table displays calculated financial ratios and metrics derived from New Horizon Aircraft's official financial filings.

Metric 2023 2024 2025 2026
Period end date 5/31/2023 5/31/2024 5/31/2025 5/31/2026
DEI Shares Outstanding		 5,039,122.00 17,104,497.00 17,104,497.00 45,263,348.00
DEI Adjusted Shares Outstanding		 5,039,122.00 17,104,497.00 17,104,497.00 45,263,348.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.18 -0.35 0.22 -0.53
Growth Metrics		 - - - -
Revenue Growth		 0.00% 0.00% 0.00% 0.00%
EBITDA Growth		 0.00% -296.91% 213.33% -740.06%
EBIT Growth		 0.00% -292.53% 208.99% -763.31%
NOPAT Growth		 0.00% -214.72% -316.62% -20.60%
Net Income Growth		 0.00% -551.59% 163.26% -734.75%
EPS Growth		 0.00% -345.16% 122.21% -551.58%
Operating Cash Flow Growth		 0.00% -203.03% -179.43% -76.63%
Free Cash Flow Firm Growth		 0.00% 0.00% -272.25% 50.16%
Invested Capital Growth		 0.00% -34,348.34% 75.09% -44.05%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% -18,606.75% 145.72% -47.67%
EBIT Q/Q Growth		 0.00% 0.00% 144.09% -47.46%
NOPAT Q/Q Growth		 0.00% 0.00% -17.97% -2.49%
Net Income Q/Q Growth		 0.00% 0.00% -47.70% -0.63%
EPS Q/Q Growth		 0.00% 0.00% -57.34% 20.20%
Operating Cash Flow Q/Q Growth		 0.00% -312.89% -2.94% -11.76%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 24.39% -13.85%
Invested Capital Q/Q Growth		 0.00% 29.71% -137.80% -27.49%
Profitability Metrics		 - - - -
Gross Margin		 0.00% 0.00% 0.00% 0.00%
EBITDA Margin		 0.00% 0.00% 0.00% 0.00%
Operating Margin		 0.00% 0.00% 0.00% 0.00%
EBIT Margin		 0.00% 0.00% 0.00% 0.00%
Profit (Net Income) Margin		 0.00% 0.00% 0.00% 0.00%
Tax Burden Percent		 100.00% 100.00% 100.00% 100.00%
Interest Burden Percent		 106.31% 176.47% 102.42% 98.01%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 183.00% 84.45% -67.20% -89.80%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% 0.00%
Return on Assets (ROA)		 0.00% 0.00% 0.00% 0.00%
Return on Common Equity (ROCE)		 183.00% 84.45% -94.46% -74.49%
Return on Equity Simple (ROE_SIMPLE)		 90.04% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -0.75 -2.37 -9.88 -12
NOPAT Margin		 0.00% 0.00% 0.00% 0.00%
Net Nonoperating Expense Percent (NNEP)		 16.78% -2,176.81% 402.33% -38.85%
Return On Investment Capital (ROIC_SIMPLE)		 -598.89% 18.08% -522.90% -23.09%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 0.00% 0.00% 0.00%
Earnings before Interest and Taxes (EBIT)		 -0.86 -3.39 3.69 -24
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -0.84 -3.35 3.79 -24
Valuation Ratios		 - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.62
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.62
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00
Price to Earnings (P/E)		 0.00 0.00 2.80 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 35.69% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 2.55 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 2.62 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.55 0.00 0.00
Leverage & Solvency		 - - - -
Debt to Equity		 -1.12 0.00 0.00 0.00
Long-Term Debt to Equity		 -0.24 0.00 0.00 0.00
Financial Leverage		 -0.96 0.02 0.60 -1.16
Leverage Ratio		 -0.78 -0.28 -0.87 1.25
Compound Leverage Factor		 -0.83 -0.49 -0.89 1.23
Debt to Total Capital		 909.94% -0.17% 0.31% 0.03%
Short-Term Debt to Total Capital		 712.87% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 197.08% -0.17% 0.31% 0.03%
Preferred Equity to Total Capital		 0.00% 0.00% 241.61% 8.82%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 -809.94% 100.17% -141.92% 91.15%
Debt to EBITDA		 -1.36 -0.01 0.00 0.00
Net Debt to EBITDA		 -1.16 0.39 -1.45 2.34
Long-Term Debt to EBITDA		 -0.29 -0.01 0.00 0.00
Debt to NOPAT		 -1.52 -0.01 0.00 0.00
Net Debt to NOPAT		 -1.30 0.55 0.56 4.76
Long-Term Debt to NOPAT		 -0.33 -0.01 0.00 0.00
Altman Z-Score		 13.30 -6.15 2.89 1.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% -40.56% 17.06%
Liquidity Ratios		 - - - -
Current Ratio		 0.17 3.50 6.16 22.76
Quick Ratio		 0.16 1.68 5.76 21.72
Cash Flow Metrics		 - - - -
Free Cash Flow to Firm (FCFF)		 0.00 12 -21 -10
Operating Cash Flow to CapEx		 0.00% -1,582.78% -6,557.76% -1,705.48%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - -
Asset Turnover		 0.00 0.00 0.00 0.00
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - -
Invested Capital		 -0.04 -14 -3.60 -5.19
Invested Capital Turnover		 0.00 0.00 0.00 0.00
Increase / (Decrease) in Invested Capital		 0.00 -14 11 -1.59
Enterprise Value (EV)		 104 6.64 9.68 -23
Market Capitalization		 104 7.95 11 29
Book Value per Share		 ($0.14) ($1.23) ($0.10) $1.04
Tangible Book Value per Share		 ($0.14) ($1.23) ($0.10) $1.04
Total Capital		 0.13 -13 1.89 52
Total Debt		 1.15 0.02 0.01 0.02
Total Long-Term Debt		 0.25 0.02 0.01 0.02
Net Debt		 0.98 -1.31 -5.48 -57
Capital Expenditures (CapEx)		 0.00 0.15 0.10 0.70
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.18 1.11 -0.51 0.67
Debt-free Net Working Capital (DFNWC)		 -0.02 2.44 4.98 57
Net Working Capital (NWC)		 -0.91 2.44 4.98 57
Net Nonoperating Expense (NNE)		 0.16 3.61 -14 12
Net Nonoperating Obligations (NNO)		 0.98 -1.31 -5.48 -57
Total Depreciation and Amortization (D&A)		 0.02 0.04 0.10 0.22
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00%
Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00%
Earnings Adjustments		 - - - -
Adjusted Basic Earnings per Share		 $1.10 $0.00 $0.15 ($0.56)
Adjusted Weighted Average Basic Shares Outstanding		 15.60M 0.00 25.84M 43.05M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.12 ($0.56)
Adjusted Weighted Average Diluted Shares Outstanding		 18.22M 0.00 30.76M 43.05M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 18.22M 0.00 39.21M 66.83M
Normalized Net Operating Profit after Tax (NOPAT)		 -0.75 -2.37 -6.92 -12
Normalized NOPAT Margin		 0.00% 0.00% 0.00% 0.00%
Pre Tax Income Margin		 0.00% 0.00% 0.00% 0.00%
Debt Service Ratios		 - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00
Payout Ratios		 - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 9.81% 0.00%

Quarterly Metrics And Ratios for New Horizon Aircraft

This table displays calculated financial ratios and metrics derived from New Horizon Aircraft's official financial filings.

Metric Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027
Period end date 2/29/2024 5/31/2024 8/31/2024 11/30/2024 2/28/2025 5/31/2025 8/31/2025 11/30/2025 2/28/2026 5/31/2026 8/31/2026
DEI Shares Outstanding		 17,104,497.00 17,104,497.00 17,104,497.00 17,104,497.00 17,104,497.00 17,104,497.00 17,104,497.00 17,104,497.00 17,104,497.00 45,263,348.00 66,825,837.00
DEI Adjusted Shares Outstanding		 17,104,497.00 17,104,497.00 17,104,497.00 17,104,497.00 17,104,497.00 17,104,497.00 17,104,497.00 17,104,497.00 17,104,497.00 45,263,348.00 66,825,837.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.23 -0.07 -0.13 0.82 -0.20 -0.27 -0.46 -0.36 -0.30 -0.11 -0.04
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Growth		 -267.61% -12,782.67% -621.54% -438.56% -167.42% -94.94% -115.27% -56.45% -125.88% -12.03% -51.62%
EBIT Growth		 -274.16% 0.00% -618.05% -431.70% -165.37% -95.67% -114.74% -56.74% -126.08% -13.41% -52.46%
NOPAT Growth		 -216.70% 0.00% -614.27% -450.32% -165.37% -95.67% -114.74% -9.72% -126.08% -13.41% -52.46%
Net Income Growth		 -1,353.78% 0.00% -602.15% 2,676.33% 12.42% -283.41% -268.19% -144.11% -47.77% -3.20% 63.03%
EPS Growth		 0.00% 0.00% -88.16% 617.12% 64.49% -266.67% -90.02% -126.33% 0.34% 63.64% 79.51%
Operating Cash Flow Growth		 0.00% -6,811.28% -265.44% -175.42% -506.17% -10.38% -57.55% 2.99% -194.10% -61.19% -202.12%
Free Cash Flow Firm Growth		 218.20% 0.00% 0.00% 0.00% -116.23% -197.73% -202.50% 5,852.84% 93.53% 93.40% 62.55%
Invested Capital Growth		 -119.03% -34,348.34% 0.00% 0.00% 92.64% 75.09% 79.33% -206.18% -168.69% -44.05% 56.47%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 -112.10% -71.40% -26.87% -16.77% -5.32% -24.95% -40.10% 15.14% -52.06% 38.03% -89.61%
EBIT Q/Q Growth		 -111.18% -69.57% -27.41% -16.54% -5.40% -25.03% -39.83% 14.94% -52.03% 37.28% -87.97%
NOPAT Q/Q Growth		 -53.01% -69.57% -27.41% -66.48% 26.22% -25.03% -39.83% 14.94% -52.03% 37.28% -87.97%
Net Income Q/Q Growth		 -618.03% 68.87% -77.24% 750.39% -124.41% -36.27% -70.21% 22.07% 18.24% 4.84% 39.02%
EPS Q/Q Growth		 -200.45% 81.91% -85.33% 613.40% -120.63% -86.76% 3.95% 28.87% 21.89% 31.86% 45.88%
Operating Cash Flow Q/Q Growth		 162.01% -537.46% 41.35% -73.12% 8.55% -18.89% 16.30% -6.59% -177.27% 34.84% -56.89%
Free Cash Flow Firm Q/Q Growth		 0.00% -89.60% 33.87% -100.21% -54,810.73% 37.37% -40.39% 111.92% -161.74% 36.08% -696.37%
Invested Capital Q/Q Growth		 0.00% 29.71% -32.99% 88.04% 34.13% -137.80% -10.33% -77.17% 42.20% -27.49% 66.65%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profit (Net Income) Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Tax Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Interest Burden Percent		 421.45% 77.36% 107.62% -600.61% 139.08% 151.58% 184.52% 169.04% 90.91% 137.93% 44.75%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 0.00% 84.45% 47.73% -401.80% -128.07% -67.20% 46.99% -512.34% -313.70% -89.80% -67.05%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Assets (ROA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Common Equity (ROCE)		 0.00% 84.45% 47.73% -401.80% -177.29% -94.46% 72.20% -247.08% -129.25% -74.49% -56.29%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -0.65 -1.10 -1.40 -2.34 -1.72 -2.16 -3.01 -2.56 -3.90 -2.44 -4.59
NOPAT Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Nonoperating Expense Percent (NNEP)		 -145.48% -69.85% -53.59% 5,285.25% -31.57% -73.95% -67.24% -40.27% -11.20% -7.62% 5.31%
Return On Investment Capital (ROIC_SIMPLE)		 4.02% 8.40% 8.56% 140.27% -35.48% -114.04% -38.25% -24.75% -37.60% -4.74% -9.41%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings before Interest and Taxes (EBIT)		 -0.93 -1.57 -2.00 -2.34 -2.46 -3.08 -4.30 -3.66 -5.57 -3.49 -6.56
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -0.91 -1.56 -1.98 -2.31 -2.44 -3.05 -4.27 -3.62 -5.51 -3.41 -6.47
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 9.98 0.00 5.30 2.81 3.37 0.62 0.38
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 9.98 0.00 5.30 2.81 3.37 0.62 0.38
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Earnings (P/E)		 0.00 0.00 0.00 1.00 0.70 2.80 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 99.96% 142.65% 35.69% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 446.98 0.00 0.00 0.00 0.00 2.55 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 2.62 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.55 0.46 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 -0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 -0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -0.05 0.02 0.17 0.37 0.95 0.60 1.72 -2.08 -1.37 -1.16 -1.10
Leverage Ratio		 1.40 -0.28 -0.28 -0.83 -1.24 -0.87 -2.00 2.28 1.53 1.25 1.18
Compound Leverage Factor		 5.89 -0.22 -0.30 5.01 -1.72 -1.31 -3.69 3.85 1.39 1.73 0.53
Debt to Total Capital		 0.00% -0.17% -0.11% -0.81% 0.20% 0.31% 0.02% 0.00% 0.00% 0.03% 0.01%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% -0.17% -0.11% -0.81% 0.20% 0.31% 0.02% 0.00% 0.00% 0.03% 0.01%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 89.35% 241.61% 58.04% 43.38% 44.43% 8.82% 9.28%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.17% 100.11% 100.81% 10.46% -141.92% 41.94% 56.62% 55.57% 91.15% 90.71%
Debt to EBITDA		 0.00 -0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.39 0.56 0.09 0.77 -1.45 0.98 0.00 0.00 2.34 2.66
Long-Term Debt to EBITDA		 0.00 -0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 -0.01 -0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.55 0.79 0.09 0.76 0.56 1.39 0.00 0.00 4.76 3.74
Long-Term Debt to NOPAT		 0.00 -0.01 -0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 -2.04 -4.50 -4.23 -2.03 0.80 -0.76 0.52 -0.02 -0.32 2.14 1.69
Noncontrolling Interest Sharing Ratio		 131.16% 0.00% 0.00% 0.00% -38.43% -40.56% -53.64% 51.77% 58.80% 17.06% 16.06%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.85 3.50 4.05 2.76 7.11 6.16 7.97 6.51 14.81 22.76 30.19
Quick Ratio		 1.97 1.68 2.62 1.42 6.59 5.76 7.80 6.43 14.04 21.72 29.14
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 128 13 18 -0.04 -21 -13 -18 2.18 -1.34 -0.86 -6.84
Operating Cash Flow to CapEx		 555.49% -5,077.95% 0.00% -37,886.41% -2,751.27% -5,813.16% -1,700.71% -482.66% -4,434.49% -3,154.22% -1,074.96%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -21 -14 -19 -2.30 -1.51 -3.60 -3.97 -7.04 -4.07 -5.19 -1.73
Invested Capital Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Increase / (Decrease) in Invested Capital		 -129 -14 -19 -2.30 19 11 15 -4.74 -2.55 -1.59 2.24
Enterprise Value (EV)		 8.09 6.64 7.12 6.13 3.05 9.68 10 3.60 9.57 -23 -29
Market Capitalization		 13 7.95 9.93 6.75 5.07 11 18 17 19 29 17
Book Value per Share		 ($0.94) ($1.23) ($0.85) ($0.07) $0.02 ($0.10) $0.09 $0.14 $0.13 $1.04 $0.66
Tangible Book Value per Share		 ($0.94) ($1.23) ($0.85) ($0.07) $0.02 ($0.10) $0.09 $0.14 $0.13 $1.04 $0.66
Total Capital		 -16 -13 -16 -1.67 4.86 1.89 7.88 10 10 52 49
Total Debt		 0.00 0.02 0.02 0.01 0.01 0.01 0.00 0.00 0.00 0.02 0.01
Total Long-Term Debt		 0.00 0.02 0.02 0.01 0.01 0.01 0.00 0.00 0.00 0.02 0.01
Net Debt		 -4.42 -1.31 -2.81 -0.62 -6.36 -5.48 -12 -17 -14 -57 -51
Capital Expenditures (CapEx)		 0.08 0.04 0.00 0.00 0.06 0.04 0.10 0.38 0.11 0.11 0.48
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.16 1.11 0.51 0.17 -0.37 -0.51 -1.20 -2.35 -0.03 0.67 0.96
Debt-free Net Working Capital (DFNWC)		 4.26 2.44 3.35 0.80 6.01 4.98 11 15 14 57 52
Net Working Capital (NWC)		 4.26 2.44 3.35 0.80 6.01 4.98 11 15 14 57 52
Net Nonoperating Expense (NNE)		 3.26 0.12 0.75 -16 1.70 2.51 4.93 3.63 1.16 2.37 -1.66
Net Nonoperating Obligations (NNO)		 -4.42 -1.31 -2.81 -0.62 -6.36 -5.48 -12 -17 -14 -57 -51
Total Depreciation and Amortization (D&A)		 0.02 0.01 0.02 0.02 0.02 0.03 0.04 0.04 0.06 0.08 0.09
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.45) ($0.06) ($0.11) $0.59 ($0.12) ($0.22) ($0.21) ($0.15) ($0.12) ($0.08) ($0.04)
Adjusted Weighted Average Basic Shares Outstanding		 11.70M 10.72M 19.25M 23.60M 29.47M 25.84M 37.14M 42.08M 44.33M 43.05M 65.64M
Adjusted Diluted Earnings per Share		 $0.00 ($0.06) ($0.11) $0.57 ($0.12) ($0.22) ($0.21) ($0.15) ($0.12) ($0.08) ($0.04)
Adjusted Weighted Average Diluted Shares Outstanding		 18.22M 10.72M 19.25M 24.57M 29.47M 30.76M 37.14M 42.08M 44.33M 43.05M 65.64M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 18.22M 18.61M 24.57M 31.23M 31.39M 39.21M 40.97M 44.25M 45.26M 66.83M 67.12M
Normalized Net Operating Profit after Tax (NOPAT)		 -0.65 -1.10 -1.40 -1.64 -1.72 -2.16 -3.01 -2.56 -3.90 -2.44 -4.59
Normalized NOPAT Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Pre Tax Income Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 5.39% 4.89% 9.81% 0.35% -0.03% -0.07% 0.00% -3.63%

Financials Breakdown Chart

Key Financial Trends

New Horizon Aircraft (NASDAQ:HOVR) remains a pre-revenue development-stage company. Reported revenue was $0 in every income statement period provided, while the company continued investing heavily in research and development and funding operations primarily through equity and other financing activities.

Financial position: HOVR held $50.5 million in cash and equivalents at Aug. 31, 2026, up substantially from $14.4 million at Feb. 28, 2026, and $632,938 at Nov. 30, 2024. Total assets reached $54.3 million, compared with $16.1 million in Q3 2026 and $1.4 million in Q2 2025. However, this improvement was largely financing-driven rather than the result of operating cash generation.

  • Cash reserves improved materially. Cash increased to $50.5 million in Q1 2027 after a $45.8 million financing inflow in Q4 2026, giving HOVR a substantially stronger liquidity position than it had during 2024 and early 2025.
  • Equity recovered from earlier deficits. Total equity and noncontrolling interests rose to $48.8 million at Aug. 31, 2026, compared with negative total equity of $16.4 million at Aug. 31, 2024 and negative $1.7 million at Nov. 30, 2024.
  • Net losses have improved from the worst recent levels. Q1 2027 net loss was $2.9 million, narrower than the $4.8 million loss in Q4 2026, the $5.1 million loss in Q3 2026 and the $7.9 million restated loss in Q1 2026.
  • Current liquidity is strong on the surface. Current assets of $53.3 million were approximately 30 times current liabilities of $1.8 million at the latest quarter, providing a sizable cushion for near-term obligations.
  • Investment in the aircraft program is increasing. Capital spending rose to $484,057 in Q1 2027 from $105,147 in Q4 2026, and net property, plant and equipment increased to $1.0 million. This may support future development, but it has not yet produced revenue.
  • Other income significantly affected reported losses. Q1 2027 included $3.6 million of net other income, which reduced the operating loss of approximately $6.6 million to a net loss of $2.9 million. Because this income is not tied to product sales, it may not be recurring.
  • HOVR continues to burn cash from operations. Operating cash flow was negative $5.2 million in Q1 2027, worsening from negative $3.3 million in Q4 2026 and negative $1.8 million in Q2 2026. The company has recorded negative operating cash flow in nearly every recent quarter provided.
  • There is still no operating revenue or gross profit. With revenue and gross profit at zero, the company has no demonstrated commercial sales base to offset its expenses or internally fund development.
  • Operating expenses are rising as development continues. Q1 2027 research and development expense increased to $5.4 million from $2.6 million in Q4 2026 and $306,935 in Q3 2025. Selling, general and administrative expense was also $1.2 million, producing total operating expenses of $6.6 million.
  • Financing dependence and dilution remain major risks. HOVR’s cash growth has been driven by financing, including a $45.8 million inflow in Q4 2026 and $8.2 million in Q1 2026. Weighted-average basic shares increased from 19.2 million in Q1 2025 to 65.6 million in Q1 2027, while Q1 2027 also included a $688,934 common-equity repurchase.

Overall, HOVR’s balance sheet is considerably stronger than it was two years ago, but the improvement primarily reflects external financing and equity issuance. The key investor question is whether the company can convert its higher R&D spending and cash reserves into a commercial aircraft program before ongoing operating losses and share dilution require additional capital.

10/15/26 08:44 AM ETAI Generated. May Contain Errors.

New Horizon Aircraft Financials - Frequently Asked Questions

According to the most recent income statement we have on file, New Horizon Aircraft's financial year ends in May. Their financial year 2026 ended on May 31, 2026.

New Horizon Aircraft's net income appears to be on a downward trend, with a most recent value of -$24.01 million in 2026, falling from -$917.72 thousand in 2023. The previous period was $3.78 million in 2025.

New Horizon Aircraft's total operating income in 2026 was -$17.03 million, based on the following breakdown:
  • Total Gross Profit: $0.00
  • Total Operating Expenses: $17.03 million

Over the last 3 years, New Horizon Aircraft's total revenue changed from $0.00 in 2023 to $0.00 in 2026, a change of 0.0%.

In the past 14 quarters, New Horizon Aircraft's cash and equivalents has ranged from $68.28 thousand in Q3 2023 to $50.54 million in Q1 2027, and is currently $50.54 million as of their latest financial filing in Q1 2027.

New Horizon Aircraft had total debt of $15.24 thousand at the end of 2026, a 161.8% increase from 2025, and a 98.7% decrease since 2023.

Over the last 3 years, New Horizon Aircraft's book value per share changed from -0.14 in 2023 to 1.04 in 2026.


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Financial statements for NASDAQ:HOVRW last updated on 10/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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