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Sky Harbour Group (SKYH) Financials

Sky Harbour Group logo
$8.91 -0.01 (-0.09%)
Closing price 05/22/2026 03:59 PM Eastern
Extended Trading
$8.90 -0.01 (-0.13%)
As of 05/22/2026 04:10 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Sky Harbour Group

Annual Income Statements for Sky Harbour Group

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

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -11 -3.18 -16 -45 19
Consolidated Net Income / (Loss)		 -14 -14 -25 -54 7.32
Net Income / (Loss) Continuing Operations		 -11 -14 -25 -54 7.32
Total Pre-Tax Income 		-11 -14 -25 -54 7.32
Total Operating Income		 -7.73 -19 -17 -20 -28
Total Gross Profit		 1.58 1.85 -2.95 0.32 6.97
Total Revenue		 1.58 1.85 7.58 15 28
Operating Revenue		 1.58 1.85 7.58 15 28
Total Cost of Revenue		 0.00 0.00 11 14 21
Operating Cost of Revenue		 - - 11 14 21
Total Operating Expenses		 14 21 14 21 35
Selling, General & Admin Expense		 8.74 15 3.29 3.49 4.25
Marketing Expense		 - - 1.52 2.03 2.31
Depreciation Expense		 0.57 0.70 2.28 2.71 6.29
Other Operating Expenses / (Income)		 - 5.05 6.95 13 22
Total Other Income / (Expense), net		 -2.82 5.18 -8.45 -33 35
Interest Expense		 1.41 0.00 0.54 0.72 1.36
Other Income / (Expense), net		 -1.41 5.18 -7.91 -33 37
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.00 -10 -9.26 -8.45 -11
Basic Earnings per Share		 $0.00 ($0.23) ($0.98) ($1.76) $0.56
Weighted Average Basic Shares Outstanding		 0.00 13.97M 16.46M 25.74M 33.83M
Diluted Earnings per Share		 $0.00 ($0.23) ($0.98) ($1.76) $0.09
Weighted Average Diluted Shares Outstanding		 0.00 13.97M 16.46M 25.74M 77.77M
Weighted Average Basic & Diluted Shares Outstanding		 57.13M 57.16M 66.42M 75.82M 76.16M

Quarterly Income Statements for Sky Harbour Group

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -0.19 -11 -19 5.76 -19 -13 -6.38 17 -1.88 9.62 -5.58
Consolidated Net Income / (Loss)		 -2.00 -13 -21 4.16 -21 -16 -9.13 14 -4.65 6.74 -8.97
Net Income / (Loss) Continuing Operations		 -2.00 -13 -21 4.16 -21 -16 -9.13 14 -4.65 6.74 -8.97
Total Pre-Tax Income 		-2.00 -13 -21 4.16 -21 -16 -9.13 14 -4.65 6.74 -8.97
Total Operating Income		 -3.40 -4.66 -5.22 -4.96 -4.86 -5.37 -6.82 -7.53 -7.68 -6.00 -6.97
Total Gross Profit		 2.50 -8.29 -1.26 0.12 0.94 0.52 0.62 1.37 1.65 3.33 3.23
Total Revenue		 2.50 2.24 2.40 3.62 4.10 4.64 5.59 6.59 7.30 8.06 8.73
Operating Revenue		 2.50 2.24 2.40 3.62 4.10 4.64 5.59 6.59 7.30 8.06 8.73
Total Cost of Revenue		 0.00 11 3.67 3.50 3.15 4.12 4.97 5.22 5.65 4.73 5.50
Operating Cost of Revenue		 - - 3.67 3.50 3.15 4.12 4.97 5.22 5.65 4.73 5.50
Total Operating Expenses		 5.90 -3.62 3.96 5.08 5.81 5.89 7.44 8.90 9.33 9.32 10
Selling, General & Admin Expense		 3.56 -7.54 0.97 0.81 0.94 0.77 0.98 1.04 1.37 0.87 1.08
Marketing Expense		 - - 0.35 0.37 0.62 0.68 0.58 0.59 0.56 0.58 0.62
Depreciation Expense		 0.67 0.63 0.63 0.64 0.65 0.79 1.10 1.48 1.77 1.94 1.97
Other Operating Expenses / (Income)		 1.68 1.78 2.01 3.26 3.60 3.65 4.79 5.79 5.62 5.94 6.53
Total Other Income / (Expense), net		 1.40 -8.38 -16 9.12 -16 -11 -2.30 22 3.03 13 -2.00
Interest Expense		 0.23 0.23 0.19 0.19 0.18 0.16 0.14 0.13 0.28 0.81 1.30
Other Income / (Expense), net		 1.63 -8.16 -16 9.31 -16 -10 -2.17 22 3.31 14 -0.71
Net Income / (Loss) Attributable to Noncontrolling Interest		 -1.81 -2.48 -2.26 -1.60 -2.15 -2.45 -2.75 -3.10 -2.78 -2.88 -3.39
Basic Earnings per Share		 ($0.01) ($0.61) ($0.78) $0.23 ($0.74) ($0.47) ($0.19) $0.52 ($0.06) $0.29 ($0.16)
Weighted Average Basic Shares Outstanding		 15.25M 16.46M 24.27M 24.73M 25.06M 25.74M 33.67M 33.83M 33.88M 33.83M 34.07M
Diluted Earnings per Share		 ($0.01) ($0.53) ($0.78) $0.06 ($0.74) ($0.30) ($0.19) $0.18 ($0.06) $0.16 ($0.16)
Weighted Average Diluted Shares Outstanding		 15.25M 16.46M 24.27M 69.53M 25.06M 25.74M 33.67M 77.87M 33.88M 77.77M 34.07M
Weighted Average Basic & Diluted Shares Outstanding		 63.89M 66.42M 66.69M 67.03M 71.44M 75.82M 75.88M 75.92M 75.96M 76.16M 76.53M

Annual Cash Flow Statements for Sky Harbour Group

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

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 204 -163 31 22 -57
Net Cash From Operating Activities		 -6.62 -27 -7.74 -9.10 -2.34
Net Cash From Continuing Operating Activities		 -6.61 -27 -7.74 -9.10 -2.34
Net Income / (Loss) Continuing Operations		 -14 -14 -25 -54 7.32
Consolidated Net Income / (Loss)		 -14 -14 -25 -54 7.32
Depreciation Expense		 1.01 0.70 2.28 2.71 6.38
Amortization Expense		 - - - 0.00 0.35
Non-Cash Adjustments To Reconcile Net Income		 3.00 -11 13 43 -24
Changes in Operating Assets and Liabilities, net		 2.99 -3.29 2.67 -0.80 7.36
Net Cash From Investing Activities		 -16 -188 -16 -44 -62
Net Cash From Continuing Investing Activities		 -16 -188 -16 -44 -62
Purchase of Property, Plant & Equipment		 -0.16 -1.05 -0.77 -2.26 -9.51
Acquisitions		 - - 1.79 -32 0.00
Purchase of Investments		 0.00 -224 -226 -245 -201
Sale of Property, Plant & Equipment		 - - 0.00 0.01 0.56
Sale and/or Maturity of Investments		 0.00 84 267 312 223
Other Investing Activities, net		 -16 -47 -57 -77 -75
Net Cash From Financing Activities		 226 53 55 75 7.33
Net Cash From Continuing Financing Activities		 226 53 55 75 7.33
Repayment of Debt		 -20 1.25 -1.76 -1.78 -12
Repurchase of Common Equity		 -1.63 -9.15 -0.80 -0.96 -0.09
Issuance of Debt		 1.64 45 - 0.00 21
Issuance of Common Equity		 - 0.00 58 76 0.28
Other Financing Activities, net		 161 16 -0.37 1.57 -1.54

Quarterly Cash Flow Statements for Sky Harbour Group

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 18 36 30 20 -48 20 -11 -52 4.37 0.55 44
Net Cash From Operating Activities		 -0.53 -1.47 -4.43 -1.04 -1.16 -2.46 -5.05 -0.94 -0.91 4.56 -3.92
Net Cash From Continuing Operating Activities		 -0.53 -1.47 -4.43 -1.04 -1.16 -2.46 -5.05 -0.94 -0.91 4.56 -3.92
Net Income / (Loss) Continuing Operations		 -2.00 -13 -21 4.16 -21 -16 -9.13 14 -4.65 6.74 -8.97
Consolidated Net Income / (Loss)		 -2.00 -13 -21 4.16 -21 -16 -9.13 14 -4.65 6.74 -8.97
Depreciation Expense		 0.67 0.63 0.63 0.64 0.65 0.79 1.10 1.53 1.78 1.97 1.99
Amortization Expense		 - - - - - - 0.00 - - 0.28 0.48
Non-Cash Adjustments To Reconcile Net Income		 -0.60 9.93 18 -6.11 18 13 4.92 -19 0.59 -11 4.58
Changes in Operating Assets and Liabilities, net		 1.39 1.01 -1.86 0.26 0.77 0.03 -1.95 1.91 1.31 6.10 -2.00
Net Cash From Investing Activities		 19 -18 34 21 -46 -52 -4.50 -50 11 -18 -127
Net Cash From Continuing Investing Activities		 19 -18 34 21 -46 -52 -4.50 -50 11 -18 -127
Purchase of Property, Plant & Equipment		 -0.39 -0.17 -0.33 -0.36 -0.64 -0.94 -3.48 -2.75 -1.47 -1.82 -1.62
Purchase of Investments		 -53 -117 -96 -56 -55 -38 -51 -114 -24 -13 -115
Sale of Property, Plant & Equipment		 - - 0.00 - 0.01 0.00 0.35 0.20 - 0.01 0.00
Sale and/or Maturity of Investments		 88 114 139 86 45 41 70 85 55 13 20
Other Investing Activities, net		 -16 -15 -9.07 -8.86 -36 -23 -20 -19 -19 -16 -30
Net Cash From Financing Activities		 -0.47 55 0.30 0.68 -0.81 75 -1.16 -0.30 -5.23 14 175
Net Cash From Continuing Financing Activities		 -0.47 55 0.30 0.68 -0.81 75 -1.16 -0.30 -5.23 14 175
Repayment of Debt		 - - - - - -1.78 -0.43 - - -8.04 -3.94
Repurchase of Common Equity		 - -0.80 -0.04 -0.21 -0.17 -0.54 -0.07 -0.02 - - -0.01
Issuance of Debt		 - - - - - - 0.00 - - - 179
Issuance of Common Equity		 - - - - - - 0.00 - - - 0.48
Other Financing Activities, net		 -0.47 0.14 0.34 0.88 -0.64 0.99 -0.66 -0.28 -0.87 0.70 -0.65

Annual Balance Sheets for Sky Harbour Group

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

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 140 304 331 402 557 593
Total Current Assets		 1.53 9.95 6.62 66 51 21
Cash & Equivalents		 1.12 6.81 2.17 60 42 21
Plant, Property, & Equipment, net		 0.00 40 89 153 270 350
Total Noncurrent Assets		 139 254 235 183 236 223
Intangible Assets		 - - - 0.00 3.01 2.71
Other Noncurrent Operating Assets		 139 254 235 183 233 220
Total Liabilities & Shareholders' Equity		 140 304 331 402 557 593
Total Liabilities		 23 233 233 270 397 421
Total Current Liabilities		 4.91 11 14 17 28 37
Accounts Payable		 0.15 11 14 17 28 37
Total Noncurrent Liabilities		 18 222 219 253 524 384
Long-Term Debt		 - 161 162 162 325 183
Other Noncurrent Operating Liabilities		 18 61 56 91 199 200
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -21 17 98 132 160 172
Total Preferred & Common Equity		 -21 0.00 26 69 104 128
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 -21 0.00 26 69 104 128
Common Stock		 0.00 0.00 30 88 169 174
Retained Earnings		 -21 0.00 -3.18 -19 -65 -46
Accumulated Other Comprehensive Income / (Loss)		 - 0.00 -0.10 0.31 0.05 0.00
Noncontrolling Interest		 - 17 72 63 56 44

Quarterly Balance Sheets for Sky Harbour Group

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

Metric Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 335 333 444 462 457 554 568 558 764
Total Current Assets		 6.58 6.31 11 32 9.75 61 18 36 30
Cash & Equivalents		 2.56 2.47 2.56 25 3.54 51 8.61 24 12
Prepaid Expenses		 4.02 3.84 8.16 6.76 6.21 9.52 9.15 12 17
Plant, Property, & Equipment, net		 124 138 160 181 212 295 315 329 375
Total Noncurrent Assets		 205 188 273 249 235 199 236 194 360
Intangible Assets		 - - - - - 2.93 2.86 2.78 2.64
Other Noncurrent Operating Assets		 205 188 273 249 235 196 233 191 358
Total Liabilities & Shareholders' Equity		 335 333 444 462 457 554 568 558 764
Total Liabilities		 246 245 329 342 357 403 401 394 599
Total Current Liabilities		 13 14 14 26 21 28 29 25 33
Accounts Payable		 13 14 14 26 21 28 29 25 33
Total Noncurrent Liabilities		 233 231 316 316 336 374 372 370 567
Long-Term Debt		 162 162 162 163 163 163 163 163 359
Other Noncurrent Operating Liabilities		 70 68 153 153 174 211 209 207 208
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 89 88 115 120 100 151 167 164 165
Total Preferred & Common Equity		 22 23 54 60 43 98 117 117 124
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 22 23 54 60 43 98 117 117 124
Common Stock		 31 31 92 93 94 169 171 172 175
Retained Earnings		 -8.60 -8.79 -38 -33 -51 -71 -54 -55 -51
Accumulated Other Comprehensive Income / (Loss)		 0.11 0.30 0.69 0.07 0.04 0.00 0.07 0.00 0.24
Noncontrolling Interest		 67 65 61 59 57 53 50 47 41

Annual Metrics And Ratios for Sky Harbour Group

This table displays calculated financial ratios and metrics derived from Sky Harbour Group's official financial filings.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 16,998,622.00 57,155,081.00 63,894,766.00 71,437,693.00 75,964,820.00
DEI Adjusted Shares Outstanding		 16,998,622.00 57,155,081.00 63,894,766.00 71,437,693.00 75,964,820.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.62 -0.06 -0.25 -0.63 0.25
Growth Metrics		 - - - - -
Profitability Metrics		 - - - - -
Net Operating Profit after Tax (NOPAT)		 -5.41 -13 -12 -14 -28
Return On Investment Capital (ROIC_SIMPLE)		 - - -4.04% -2.95% -7.80%
Earnings before Interest and Taxes (EBIT)		 -9.14 -14 -25 -53 8.68
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -8.13 -13 -23 -50 15
Valuation Ratios		 - - - - -
Leverage & Solvency		 - - - - -
Liquidity Ratios		 - - - - -
Cash Flow Metrics		 - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -47 12 -67 -75
Efficiency Ratios		 - - - - -
Capital & Investment Metrics		 - - - - -
Invested Capital		 225 258 234 288 335
Increase / (Decrease) in Invested Capital		 0.00 34 -24 53 47
Book Value per Share		 $0.00 $0.46 $1.08 $1.46 $1.68
Tangible Book Value per Share		 $0.00 $0.46 $1.08 $1.42 $1.65
Total Capital		 232 261 295 485 359
Total Debt		 161 162 162 325 187
Total Long-Term Debt		 161 162 162 325 187
Net Debt		 154 160 102 283 167
Capital Expenditures (CapEx)		 0.16 1.05 0.77 2.25 8.95
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -7.82 -9.74 -11 -19 -23
Debt-free Net Working Capital (DFNWC)		 -1.01 -7.56 50 23 -2.49
Net Working Capital (NWC)		 -1.01 -7.56 50 23 -2.49
Net Nonoperating Expense (NNE)		 8.20 0.48 14 39 -35
Net Nonoperating Obligations (NNO)		 154 160 102 128 163
Total Depreciation and Amortization (D&A)		 1.01 0.70 2.28 2.71 6.73
Earnings Adjustments		 - - - - -
Adjusted Basic Earnings per Share		 $0.34 ($0.23) ($0.98) ($1.76) $0.56
Adjusted Weighted Average Basic Shares Outstanding		 57.13M 13.97M 16.46M 25.74M 33.83M
Adjusted Diluted Earnings per Share		 $0.34 ($0.23) ($0.98) ($1.76) $0.09
Adjusted Weighted Average Diluted Shares Outstanding		 57.13M 13.97M 16.46M 25.74M 77.77M
Adjusted Basic & Diluted Earnings per Share		 $0.34 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 57.13M 57.16M 66.42M 75.82M 76.16M
Normalized Net Operating Profit after Tax (NOPAT)		 -5.41 -13 -12 -14 -20
Debt Service Ratios		 - - - - -
Payout Ratios		 - - - - -

Quarterly Metrics And Ratios for Sky Harbour Group

This table displays calculated financial ratios and metrics derived from Sky Harbour Group's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 114,578,496.00 63,894,766.00 66,421,478.00 66,685,304.00 67,025,056.00 71,437,693.00 75,816,996.00 75,881,729.00 75,923,129.00 75,964,820.00 76,161,280.00
DEI Adjusted Shares Outstanding		 114,578,496.00 63,894,766.00 66,421,478.00 66,685,304.00 67,025,056.00 71,437,693.00 75,816,996.00 75,881,729.00 75,923,129.00 75,964,820.00 76,161,280.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 -0.17 -0.29 0.09 -0.28 -0.19 -0.08 0.23 -0.02 0.13 -0.07
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 480.51% 268.09% 117.16% 109.38% 63.75% 107.42% 132.65% 82.09% 78.23% - 56.00%
EBITDA Growth		 62.81% -1,021.80% -145.17% 588.45% -1,715.16% -23.03% 61.28% 220.93% 86.95% - 34.09%
EBIT Growth		 42.92% -860.45% -139.76% 380.28% -1,062.72% -23.16% 57.21% 233.08% 78.69% - 14.60%
NOPAT Growth		 25.20% -29.16% -11.53% -66.81% -43.10% -15.09% -30.61% -51.84% -57.87% - -2.17%
Net Income Growth		 35.35% -877.30% -141.97% 354.77% -935.47% -22.24% 56.95% 244.85% 77.52% - 1.69%
EPS Growth		 75.00% -149.07% -90.24% 300.00% -7,300.00% 43.40% 75.64% 200.00% 91.89% - 15.79%
Operating Cash Flow Growth		 45.60% 33.36% 2.70% 11.55% -118.61% -67.12% -14.00% 9.41% 22.10% - 22.42%
Free Cash Flow Firm Growth		 107.19% 157.44% 124.12% -286.31% -236.17% -337.96% -69.81% -450.95% -255.14% - -3,486.14%
Invested Capital Growth		 -4.87% -9.29% -9.40% 3.23% 4.30% 19.45% -4.47% 24.93% 17.23% - 94.97%
Revenue Q/Q Growth		 44.79% -10.55% 7.42% 50.50% 13.24% 13.30% 20.49% 17.79% 10.84% - 8.29%
EBITDA Q/Q Growth		 -7.14% -1,013.61% -67.10% 124.50% -498.16% 24.52% 47.41% 303.08% -116.19% - -153.08%
EBIT Q/Q Growth		 -13.72% -626.46% -63.82% 120.71% -571.77% 23.05% 43.08% 261.20% -130.18% - -201.64%
NOPAT Q/Q Growth		 19.95% -37.22% -12.01% -35.58% 31.33% -10.36% -27.11% -57.62% 28.60% - 18.63%
Net Income Q/Q Growth		 -22.34% -552.68% -62.48% 119.64% -597.21% 22.95% 42.78% 257.31% -132.41% - -233.04%
EPS Q/Q Growth		 66.67% -5,200.00% -47.17% 107.69% -1,333.33% 59.46% 36.67% 194.74% -133.33% - -200.00%
Operating Cash Flow Q/Q Growth		 54.84% -176.69% -200.95% 76.48% -11.61% -111.52% -105.28% 81.31% 4.03% - -185.85%
Free Cash Flow Firm Q/Q Growth		 47.97% 100.85% 19.98% -152.25% -8.14% -250.99% 115.22% -1,053.47% 30.29% - -379.28%
Invested Capital Q/Q Growth		 -0.44% -5.45% 17.31% -6.52% 0.59% 8.29% -6.18% 22.26% -5.62% - 53.07%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 100.00% -370.24% -52.45% 3.34% 23.04% -211.01% 11.09% 20.81% 22.62% - 37.00%
EBITDA Margin		 -43.77% -544.86% -847.59% 137.98% -485.14% -323.18% -141.05% 243.18% -35.51% - -59.60%
Operating Margin		 -135.85% -208.40% -217.30% -137.04% -118.72% -115.64% -121.99% -114.27% -105.16% - -79.90%
EBIT Margin		 -70.54% -572.92% -873.75% 120.23% -500.90% -340.18% -160.70% 219.93% -59.89% - -87.98%
Profit (Net Income) Margin		 -79.90% -582.98% -881.82% 115.06% -505.22% -343.56% -163.17% 217.91% -63.72% - -102.83%
Tax Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00%
Interest Burden Percent		 113.26% 101.75% 100.92% 95.70% 100.86% 100.99% 101.54% 99.08% 106.40% - 116.88%
Effective Tax Rate		 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)		 -2.22% -4.48% -4.67% -5.83% -4.06% -4.65% -5.70% -8.27% -6.32% - -4.43%
ROIC Less NNEP Spread (ROIC-NNEP)		 -1.99% -11.95% -14.07% 0.31% -14.90% -15.61% -8.91% 6.74% -5.84% - -6.21%
Return on Net Nonoperating Assets (RNNOA)		 -3.41% -13.58% -25.57% 0.44% -25.34% -11.88% -9.08% 6.86% -6.61% - -9.01%
Return on Equity (ROE)		 -5.63% -18.07% -30.23% -5.39% -29.39% -16.53% -14.78% -1.41% -12.94% - -13.44%
Cash Return on Invested Capital (CROIC)		 0.61% 4.91% 5.62% -8.23% -9.66% -23.28% -1.16% -28.12% -22.69% - -71.67%
Operating Return on Assets (OROA)		 -1.26% -11.83% -20.11% 3.25% -15.68% -10.47% -5.78% 8.94% -2.85% - -4.09%
Return on Assets (ROA)		 -1.42% -12.04% -20.30% 3.11% -15.81% -10.58% -5.87% 8.85% -3.03% - -4.79%
Return on Common Equity (ROCE)		 -1.44% -7.48% -11.05% -2.13% -10.22% -9.81% -8.46% -0.87% -7.83% - -9.45%
Return on Equity Simple (ROE_SIMPLE)		 -60.61% 0.00% -69.91% 0.00% 0.00% 0.00% -42.37% 0.00% 0.00% - 0.00%
Net Operating Profit after Tax (NOPAT)		 -2.38 -3.26 -3.66 -4.96 -3.40 -3.76 -4.78 -7.53 -5.38 -6.00 -4.88
NOPAT Margin		 -95.10% -145.88% -152.11% -137.04% -83.10% -80.95% -85.39% -114.27% -73.61% - -55.93%
Net Nonoperating Expense Percent (NNEP)		 -0.24% 7.46% 9.40% -6.14% 10.85% 10.97% 3.20% -15.01% -0.48% - 1.78%
Return On Investment Capital (ROIC_SIMPLE)		 - -1.11% -1.32% -1.76% -1.30% -0.77% -1.52% -2.28% -1.65% -1.67% -0.93%
Cost of Revenue to Revenue		 0.00% 470.24% 152.45% 96.66% 76.96% 311.01% 88.91% 79.19% 77.38% - 63.00%
SG&A Expenses to Revenue		 142.13% -337.09% 40.35% 22.31% 23.04% -229.58% 17.45% 15.80% 18.75% - 12.41%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Operating Expenses to Revenue		 235.85% -161.84% 164.85% 140.38% 141.76% -95.37% 133.08% 135.08% 127.79% - 116.89%
Earnings before Interest and Taxes (EBIT)		 -1.77 -13 -21 4.35 -21 -16 -8.99 14 -4.37 7.55 -7.68
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -1.10 -12 -20 4.99 -20 -15 -7.89 16 -2.59 9.80 -5.20
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 11.36 8.93 15.65 10.22 17.39 8.19 10.04 6.33 6.42 - 5.91
Price to Tangible Book Value (P/TBV)		 11.36 8.93 15.65 10.22 17.39 8.43 10.35 6.49 6.57 - 6.03
Price to Revenue (P/Rev)		 43.27 81.48 95.60 57.32 59.88 57.74 54.95 35.44 31.06 - 23.91
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 37.39
Dividend Yield		 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% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 2.67%
Enterprise Value to Invested Capital (EV/IC)		 1.95 3.34 3.89 3.16 3.70 3.67 4.38 2.94 3.09 - 2.19
Enterprise Value to Revenue (EV/Rev)		 81.16 103.30 120.49 75.60 77.36 69.65 64.11 45.19 38.79 - 36.56
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 61.97
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 112.23
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
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
Enterprise Value to Free Cash Flow (EV/FCFF)		 312.09 64.63 65.73 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.84 1.23 1.41 1.36 1.63 1.02 1.08 0.97 0.99 - 2.18
Long-Term Debt to Equity		 1.84 1.23 1.41 1.36 1.63 1.02 1.08 0.97 0.99 - 2.18
Financial Leverage		 1.72 1.14 1.82 1.42 1.70 0.76 1.02 1.02 1.13 - 1.45
Leverage Ratio		 3.57 3.18 3.75 3.82 4.21 3.28 3.75 3.59 3.85 - 4.17
Compound Leverage Factor		 4.04 3.24 3.79 3.65 4.25 3.32 3.81 3.56 4.10 - 4.87
Debt to Total Capital		 64.85% 55.12% 58.54% 57.61% 62.03% 50.43% 51.84% 49.34% 49.83% - 68.52%
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%
Long-Term Debt to Total Capital		 64.85% 55.12% 58.54% 57.61% 62.03% 50.43% 51.84% 49.34% 49.83% - 68.52%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Noncontrolling Interests to Total Capital		 26.11% 21.41% 21.94% 21.00% 21.74% 17.28% 16.87% 15.12% 14.42% - 7.79%
Common Equity to Total Capital		 9.05% 23.47% 19.52% 21.39% 16.24% 32.29% 31.30% 35.53% 35.75% - 23.69%
Debt to EBITDA		 -14.10 -7.18 -4.68 -5.67 -3.43 -3.24 -4.31 -6.08 -17.20 - 19.85
Net Debt to EBITDA		 -13.89 -4.52 -4.61 -4.79 -3.35 -2.39 -2.95 -5.76 -14.72 - 19.18
Long-Term Debt to EBITDA		 -14.10 -7.18 -4.68 -5.67 -3.43 -3.24 -4.31 -6.08 -17.20 - 19.85
Debt to NOPAT		 -14.55 -13.65 -13.24 -12.73 -11.78 -11.38 -10.56 -9.46 -8.49 - -12.75
Net Debt to NOPAT		 -14.33 -8.59 -13.03 -10.77 -11.53 -8.41 -7.24 -8.96 -7.26 - -12.32
Long-Term Debt to NOPAT		 -14.55 -13.65 -13.24 -12.73 -11.78 -11.38 -10.56 -9.46 -8.49 - -12.75
Altman Z-Score		 0.57 1.37 1.28 1.05 0.93 1.11 1.34 1.07 1.04 - 0.64
Noncontrolling Interest Sharing Ratio		 74.38% 58.62% 63.46% 60.50% 65.23% 40.68% 42.75% 38.07% 39.51% - 29.66%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.45 3.96 0.78 1.22 0.46 1.85 2.14 0.60 1.46 - 0.91
Quick Ratio		 0.18 3.60 0.19 0.96 0.17 1.53 1.80 0.29 0.95 - 0.37
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 10 21 25 -13 -14 -57 7.51 -72 -50 -53 -254
Operating Cash Flow to CapEx		 -137.11% -865.88% -1,358.90% -287.85% -184.90% -263.38% -161.76% -37.08% -61.55% - -241.26%
Free Cash Flow to Firm to Interest Expense		 44.12 92.17 128.25 -69.52 -79.43 -314.30 54.43 -538.53 -178.32 - -196.27
Operating Cash Flow to Interest Expense		 -2.27 -6.54 -22.84 -5.57 -6.57 -15.67 -36.59 -7.10 -3.24 - -3.02
Operating Cash Flow Less CapEx to Interest Expense		 -3.93 -7.30 -24.52 -7.51 -10.12 -21.62 -59.22 -26.24 -8.49 - -4.28
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.02 0.02 0.02 0.03 0.03 0.03 0.04 0.04 0.05 - 0.05
Accounts Receivable Turnover		 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
Fixed Asset Turnover		 0.05 0.06 0.07 0.07 0.07 0.07 0.08 0.08 0.09 - 0.09
Accounts Payable Turnover		 0.00 0.68 1.06 0.90 1.19 0.65 0.75 0.63 0.87 - 0.69
Days Sales Outstanding (DSO)		 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
Days Payable Outstanding (DPO)		 0.00 536.26 345.75 406.61 307.44 561.20 489.29 579.95 418.89 - 527.01
Cash Conversion Cycle (CCC)		 0.00 -536.26 -345.75 -406.61 -307.44 -561.20 -489.29 -579.95 -418.89 - -527.01
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 248 234 275 257 259 288 263 321 303 335 512
Invested Capital Turnover		 0.02 0.03 0.03 0.04 0.05 0.06 0.07 0.07 0.09 - 0.08
Increase / (Decrease) in Invested Capital		 -13 -24 -29 8.04 11 53 -12 64 45 47 249
Enterprise Value (EV)		 482 782 1,069 814 956 1,028 1,151 945 936 - 1,121
Market Capitalization		 257 617 848 617 740 852 986 741 749 - 733
Book Value per Share		 $0.40 $1.08 $0.82 $0.90 $0.64 $1.46 $1.30 $1.54 $1.54 $1.68 $1.63
Tangible Book Value per Share		 $0.40 $1.08 $0.82 $0.90 $0.64 $1.42 $1.26 $1.51 $1.50 $1.65 $1.60
Total Capital		 250 295 278 282 262 485 314 330 327 359 524
Total Debt		 162 162 162 163 163 325 163 163 163 187 359
Total Long-Term Debt		 162 162 162 163 163 325 163 163 163 187 359
Net Debt		 160 102 160 137 159 283 112 154 139 167 347
Capital Expenditures (CapEx)		 0.39 0.17 0.33 0.36 0.63 0.93 3.12 2.55 1.47 1.81 1.62
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -10 -11 -5.66 -19 -15 -19 -19 -20 -12 -23 -15
Debt-free Net Working Capital (DFNWC)		 -7.60 50 -3.10 5.78 -11 23 32 -12 11 -2.49 -3.00
Net Working Capital (NWC)		 -7.60 50 -3.10 5.78 -11 23 32 -12 11 -2.49 -3.00
Net Nonoperating Expense (NNE)		 -0.38 9.78 18 -9.12 17 12 4.35 -22 -0.72 -13 4.09
Net Nonoperating Obligations (NNO)		 160 102 160 137 159 128 112 154 139 163 347
Total Depreciation and Amortization (D&A)		 0.67 0.63 0.63 0.64 0.65 0.79 1.10 1.53 1.78 2.24 2.48
Debt-free, Cash-free Net Working Capital to Revenue		 -169.35% -141.74% -63.78% -178.95% -121.34% -128.93% -105.16% -97.18% -51.00% - -49.22%
Debt-free Net Working Capital to Revenue		 -127.79% 653.73% -34.98% 53.69% -92.69% 158.60% 179.70% -56.03% 46.43% - -9.79%
Net Working Capital to Revenue		 -127.79% 653.73% -34.98% 53.69% -92.69% 158.60% 179.70% -56.03% 46.43% - -9.79%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.01) ($0.61) ($0.78) $0.23 ($0.74) ($0.47) ($0.19) $0.52 ($0.06) $0.29 ($0.16)
Adjusted Weighted Average Basic Shares Outstanding		 15.25M 16.46M 24.27M 24.73M 25.06M 25.74M 33.67M 33.83M 33.88M 33.83M 34.07M
Adjusted Diluted Earnings per Share		 ($0.01) ($0.53) ($0.78) $0.06 ($0.74) ($0.30) ($0.19) $0.18 ($0.06) $0.16 ($0.16)
Adjusted Weighted Average Diluted Shares Outstanding		 15.25M 16.46M 24.27M 69.53M 25.06M 25.74M 33.67M 77.87M 33.88M 77.77M 34.07M
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		 63.89M 66.42M 66.69M 67.03M 71.44M 75.82M 75.88M 75.92M 75.96M 76.16M 76.53M
Normalized Net Operating Profit after Tax (NOPAT)		 -2.38 -3.26 -3.66 -3.47 -3.40 -3.76 -4.78 -5.27 -5.38 -4.20 -4.88
Normalized NOPAT Margin		 -95.10% -145.88% -152.11% -95.93% -83.10% -80.95% -85.39% -79.99% -73.61% - -55.93%
Pre Tax Income Margin		 -79.90% -582.98% -881.82% 115.06% -505.22% -343.56% -163.17% 217.91% -63.72% - -102.83%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -7.54 -56.99 -108.27 23.26 -115.94 -100.58 -65.13 108.94 -15.62 - -5.92
NOPAT to Interest Expense		 -10.17 -14.51 -18.85 -26.51 -19.24 -23.93 -34.61 -56.60 -19.20 - -3.77
EBIT Less CapEx to Interest Expense		 -9.20 -57.74 -109.95 21.33 -119.50 -106.53 -87.75 89.80 -20.88 - -7.18
NOPAT Less CapEx to Interest Expense		 -11.83 -15.27 -20.53 -28.45 -22.79 -29.88 -57.23 -75.74 -24.45 - -5.02
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%
Augmented Payout Ratio		 0.00% -3.14% -2.23% -3.27% -2.39% -1.78% -2.36% -2.54% -4.10% - 0.43%

Financials Breakdown Chart

Key Financial Trends

Sky Harbour Group Corp (SKYH) has shown a mix of improving top-line momentum alongside persistent earnings volatility and cash-flow swings across the latest four years of quarterly results. The bullets below capture the most meaningful trends pulled from the quarterly cash flow, income statements, and balance sheets (through 2025 Q4 data and representative prior periods).

  • Total operating revenue rose through 2025, reaching 8.057 million in Q4 2025 (up from 5.593 million in Q1 2025).
  • Q4 2025 net cash from continuing operating activities was positive at about 4.56 million, reversing a run of negative operating cash flow in prior quarters of 2025.
  • Q4 2025 net income attributable to common shareholders was positive, approximately 9.62 million, contributing to a positive quarterly bottom line.
  • Q4 2025 net cash from financing activities was a net inflow of about 14.02 million, adding to overall cash generation in the period.
  • Long-term debt has been relatively stable around 162.7 million across 2025 (roughly flat from Q2 to Q4 2025).
  • Total assets hovered around 558 million in mid-2025 (Q3: 558.14m; Q4: 558.03m), indicating a broadly flat asset base over the period.
  • Earnings per share show volatility across 2025 quarters (for example, basic EPS: Q1 -0.19; Q2 +0.52; Q3 -0.06; Q4 +0.29; and corresponding diluted EPS reflecting different share counts).
  • Operating income remained negative in all 2025 quarters, with Q1: about -6.83m, Q2: about -7.53m, Q3: about -7.68m, and Q4: about -6.00m, signaling ongoing operating losses.
  • Investing cash outflows were material in 2025, including roughly 50.3 million used in investing activities in Q2 2025 and about 18.0 million in Q4 2025, contributing to substantial negative cash flow from investing.
  • The balance sheet shows liabilities exceeding equity, with total liabilities around 394.2 million and total equity about 163.9 million in 2025 (Q3 figures), implying a liabilities-to-equity leverage around 2.4x.
05/25/26 11:26 PM ETAI Generated. May Contain Errors.

Sky Harbour Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Sky Harbour Group's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Over the last 4 years, Sky Harbour Group's net income changed from -$13.61 million in 2021 to $7.32 million in 2025, a change of -153.8%. Find out what analysts predict for Sky Harbour Group in the coming months.

Sky Harbour Group's total operating income in 2025 was -$28.03 million, based on the following breakdown:
  • Total Gross Profit: $6.97 million
  • Total Operating Expenses: $35.00 million

Over the last 4 years, Sky Harbour Group's total revenue changed from $1.58 million in 2021 to $27.54 million in 2025, a change of 1,645.2%.

Sky Harbour Group's total liabilities were at $421.21 million at the end of 2025, a 6.2% increase from 2024, and a 1,737.9% increase since 2020.

In the past 5 years, Sky Harbour Group's cash and equivalents has ranged from $1.12 million in 2020 to $60.26 million in 2023, and is currently $20.72 million as of their latest financial filing in 2025.

Over the last 4 years, Sky Harbour Group's book value per share changed from 0.00 in 2021 to 1.68 in 2025, a change of 168.2%.


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Financial statements for NYSE:SKYH last updated on 5/19/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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