SKYH · Sky Harbour Group Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.72M | - | $7.30M | $6.59M | $5.59M | - | $4.10M | $3.62M | $2.40M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $1.08M | - | $1.37M | $1.04M | $976.0K | - | $4.63M | $4.59M | $4.92M | - |
| Total Operating Expenses | $15.70M | - | $14.98M | $8.58M | $7.63M | - | $8.96M | $8.58M | $7.63M | - |
| D&A | $1.99M | - | $1.77M | $1.48M | $1.10M | - | $646.0K | $642.0K | $629.0K | - |
| Operating Income | ($6.97M) | - | ($7.68M) | ($7.53M) | ($6.82M) | - | ($4.86M) | ($4.96M) | ($5.22M) | - |
| Interest Expense | $1.30M | - | $280.0K | $133.0K | $138.0K | - | $177.0K | $187.0K | $194.0K | - |
| Income Tax | $0 | - | $0 | $0 | $0 | - | $0 | $0 | $0 | - |
| Net Income | ($5.58M) | - | ($1.88M) | $17.45M | ($6.38M) | - | ($18.55M) | $5.76M | ($18.94M) | - |
| EPS - Basic | ($0.16) | - | ($0.06) | $0.52 | ($0.19) | - | ($0.74) | $0.23 | ($0.78) | - |
| EPS - Diluted | ($0.16) | - | ($0.06) | $0.18 | ($0.19) | - | ($0.74) | $0.06 | ($0.78) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $81.08M | $37.02M | $36.47M | $32.10M | $83.65M | $94.36M | $74.17M | $122.30M | $102.01M | $72.27M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $764.47M | $593.18M | $558.03M | $568.14M | $553.67M | $556.56M | $456.81M | $461.58M | $444.39M | $402.20M |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | $187.44M | $162.77M | $162.72M | $162.67M | $162.62M | $162.57M | $162.52M | $162.47M | $162.42M |
| Total Liabilities | $599.45M | $421.21M | $394.18M | $401.09M | $402.52M | $396.74M | $357.28M | $342.01M | $329.33M | $269.95M |
| Stockholders' Equity | $165.01M | $171.97M | $163.86M | $167.04M | $151.15M | $159.82M | $99.53M | $119.57M | $115.06M | $132.25M |
| Retained Earnings | ($51.35M) | ($45.77M) | ($55.39M) | ($53.52M) | ($70.97M) | ($64.59M) | ($51.09M) | ($32.54M) | ($38.30M) | ($19.36M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($3.92M) | - | - | - | ($5.05M) | - | - | - | ($4.43M) | - |
| Investing Cash Flow | ($126.93M) | - | - | - | ($4.50M) | - | - | - | $33.87M | - |
| Financing Cash Flow | $174.91M | - | - | - | ($1.16M) | - | - | - | $299.0K | - |
| CapEx | $1.62M | - | - | - | $3.48M | - | - | - | $326.0K | - |
| Free Cash Flow | ($5.54M) | - | - | - | ($8.53M) | - | - | - | ($4.76M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -79.9% | - | -105.2% | -114.3% | -122.0% | - | -118.7% | -137.0% | -217.3% | - |
| EBITDA margin | -57.1% | - | -80.9% | -91.8% | -102.3% | - | -103.0% | -119.3% | -191.1% | - |
| Net margin | -63.9% | - | -25.7% | 264.9% | -114.0% | - | -452.9% | 159.2% | -787.9% | - |
| Free cash flow margin | -63.5% | - | - | - | -152.4% | - | - | - | -197.8% | - |
| FCF / Net income | 0.99 | - | - | - | 1.34 | - | - | - | 0.25 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 12.4% | - | 18.7% | 15.8% | 17.5% | - | 113.1% | 127.0% | 204.5% | - |
| Effective tax rate | - | - | - | 0.0% | - | - | - | 0.0% | - | - |
| Return on assets | -0.7% | - | -0.3% | 3.1% | -1.2% | - | -4.1% | 1.2% | -4.3% | - |
| Return on equity | -3.4% | - | -1.1% | 10.4% | -4.2% | - | -18.6% | 4.8% | -16.5% | - |
| Return on invested capital | - | - | -1.9% | -2.3% | -1.7% | - | -1.5% | -1.8% | -1.5% | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | 1.09 | 0.99 | 0.97 | 1.08 | 1.02 | 1.63 | 1.36 | 1.41 | 1.23 |
| Debt / Assets | - | 0.32 | 0.29 | 0.29 | 0.29 | 0.29 | 0.36 | 0.35 | 0.37 | 0.40 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -5.4x | - | -27.4x | -56.6x | -49.4x | - | -27.5x | -26.5x | -26.9x | - |
| Equity multiplier | 4.63 | 3.45 | 3.41 | 3.40 | 3.66 | 3.48 | 4.59 | 3.86 | 3.86 | 3.04 |
| Liabilities / Assets | 0.78 | 0.71 | 0.71 | 0.71 | 0.73 | 0.71 | 0.78 | 0.74 | 0.74 | 0.67 |
| Efficiency | ||||||||||
| Asset turnover | 0.01 | - | 0.01 | 0.01 | 0.01 | - | 0.01 | 0.01 | 0.01 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | 54.3x | - | - | - | 154.2x | - | - |
| P / B | 2.0x | - | 2.0x | 4.6x | 2.9x | - | 2.8x | 5.4x | 2.7x | - |
| P / S | 37.6x | - | 45.8x | 115.5x | 78.3x | - | 67.5x | 177.8x | 128.9x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 56.0% | - | 78.2% | 82.1% | 132.7% | - | 63.7% | 109.4% | 117.2% | - |
| Revenue CAGR (3y) | 99.0% | - | 156.8% | 155.7% | 141.5% | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -2.2% | - | -57.9% | -51.8% | -30.6% | - | -43.1% | 3.3% | 6.3% | - |
| Net income growth (YoY) | 12.5% | - | 89.9% | 203.0% | 66.3% | - | -9716.9% | 640.5% | -205.7% | - |
| EPS growth (YoY) | 15.8% | - | 91.9% | 200.0% | 75.6% | - | -7300.0% | - | -90.2% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 35.0% | - | - | - | -79.2% | - | - | - | -0.6% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 9.2% | 7.6% | 64.6% | 39.7% | 31.4% | 20.8% | 13.1% | 34.0% | 27.5% | 34.4% |
Peer comparison
Same SIC group: Real Estate
Comparing Sky Harbour Group Corp against the 5 most active filers in the same SIC group.