NYSE : SKYH
Sky Harbour Group Corporation — Financial statements
Real Estate · Real Estate - Development · United States
Last price 9.89 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 825.07M
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Financial statements
Sky Harbour Group Corporation (SKYH) reported revenue of 33.94M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 33.94M | 27.54M | 14.76M | 7.58M | 1.84M | 1.58M |
| Cost of Revenue | 46.68M | 42.71M | 26.95M | 17.48M | 5.05M | 4.47M |
| Gross Profit | -12.74M | -15.17M | -12.19M | -9.90M | -3.20M | -2.89M |
| Selling, General & Admin | 6.87M | 6.56M | 5.51M | 4.81M | 14.71M | 8.74M |
| Operating Expenses | 14.67M | 12.86M | 8.22M | 7.09M | 15.41M | 9.31M |
| Operating Income | -27.41M | -28.03M | -20.41M | -16.99M | -18.61M | -12.20M |
| Interest Expense | -3.36M | -1.00M | -715.00K | -541.00K | -1.16M | |
| Other Non Operating Income (Expenses) | 19.65M | 36.47M | -31.74M | -7.64M | 5.18M | |
| EBT Excluding Unusual Items | -11.13M | 7.44M | -52.87M | -25.17M | -13.43M | -13.36M |
| Gain (Loss) on Sale of Investments | -123.00K | -123.00K | -815.00K | -270.00K | ||
| Asset Writedown | -248.00K | |||||
| Other Unusual Items | -250.00K | |||||
| Pretax Income | -11.25M | 7.32M | -53.68M | -25.44M | -13.68M | -13.61M |
| Earnings From Continuing Operations | -11.25M | 7.32M | -53.68M | -25.44M | -13.68M | -13.61M |
| Minority Interest in Earnings | 12.18M | 11.50M | 8.45M | 9.26M | 10.49M | |
| Net Income | 925.00K | 18.82M | -45.23M | -16.18M | -3.18M | -13.61M |
| Net Income to Common | 925.00K | 18.82M | -45.23M | -16.18M | -3.18M | -13.61M |
| Shares Outstanding (Basic) | 34.09M | 33.83M | 25.74M | 16.46M | 13.96M | 14.94M |
| Shares Outstanding (Diluted) | 56.02M | 77.77M | 25.74M | 16.46M | 13.96M | 14.94M |
| EPS (Basic) | 0.03 | 0.56 | -1.76 | -0.98 | -0.23 | -0.91 |
| EPS (Diluted) | -0.09 | 0.09 | -1.76 | -0.98 | -0.23 | -0.91 |
| Free Cash Flow | -102.96M | -86.51M | -87.64M | -63.88M | -73.46M | -22.61M |
| Free Cash Flow Per Share | -1.84 | -1.11 | -3.40 | -3.88 | -5.26 | -1.51 |
| Gross Margin | -37.54% | -55.09% | -82.60% | -130.73% | -173.50% | -183.33% |
| Operating Margin | -80.77% | -101.77% | -138.30% | -224.33% | -1,008.67% | -773.13% |
| Profit Margin | 2.73% | 68.33% | -306.42% | -213.56% | -172.57% | -862.48% |
| Free Cash Flow Margin | -303.35% | -314.12% | -593.75% | -843.23% | -3,981.46% | -1,432.76% |
| EBITDA | -19.56M | -21.65M | -17.71M | -14.71M | -17.91M | -11.19M |
| EBITDA Margin | -57.62% | -78.60% | -119.97% | -194.26% | ||
| D&A For EBITDA | 7.86M | 6.38M | 2.71M | 2.28M | 695.00K | 1.01M |
| EBIT | -27.41M | -28.03M | -20.41M | -16.99M | -18.61M | -12.20M |
| EBIT Margin | -80.77% | -101.77% | -138.30% | -224.33% | ||
| Revenue as Reported | 33.94M | 27.54M | 14.76M | 7.58M | 1.84M | 1.58M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 18.97M | 20.72M | 42.44M | 60.26M | 2.17M | 6.80M |
| Short-Term Investments | 18.99M | 11.87M | 24.89M | |||
| Cash & Short-Term Investments | 18.97M | 20.72M | 61.43M | 72.12M | 27.07M | 6.80M |
| Accounts Receivable | 2.10M | 1.50M | 600.00K | 367.00K | 83.00K | 103.00K |
| Receivables | 3.30M | 2.60M | 600.00K | 367.00K | 83.00K | 103.00K |
| Prepaid Expenses | 13.45M | 11.55M | 8.02M | 5.64M | 4.37M | 343.00K |
| Restricted Cash | 145.06M | 16.31M | 51.92M | 12.01M | 39.22M | 197.13M |
| Other Current Assets | 20.44M | 11.45M | ||||
| Total Current Assets | 201.22M | 62.63M | 121.97M | 90.14M | 70.74M | 204.38M |
| Property, Plant & Equipment | 593.21M | 525.18M | 415.38M | 223.49M | 145.17M | 96.81M |
| Other Intangible Assets | 2.56M | 2.71M | 3.00M | |||
| Long-Term Deferred Charges | 2.70M | |||||
| Other Long-Term Assets | 25.94M | 2.66M | 16.20M | 88.58M | 115.30M | |
| Total Assets | 822.93M | 593.18M | 556.56M | 402.20M | 331.20M | 303.89M |
| Accounts Payable | 4.66M | 3.68M | 3.62M | 1.55M | 948.00K | 901.00K |
| Accrued Expenses | 11.27M | 7.20M | 8.34M | 7.53M | 7.14M | 6.61M |
| Current Portion of Leases | 3.41M | 7.11M | ||||
| Current Unearned Revenue | 6.22M | 6.50M | 390.00K | |||
| Other Current Liabilities | 21.47M | 19.98M | 15.30M | 7.66M | 6.10M | 3.45M |
| Total Current Liabilities | 59.55M | 44.47M | 27.66M | 16.74M | 14.18M | 10.96M |
| Long-Term Debt | 397.49M | 183.23M | 170.12M | 171.66M | 162.21M | 160.68M |
| Long-Term Leases | 194.64M | 183.24M | 152.84M | 69.50M | 53.53M | 61.29M |
| Other Long-Term Liabilities | 7.27M | 10.27M | 46.13M | 12.04M | 2.90M | |
| Total Liabilities | 658.94M | 421.21M | 396.74M | 269.95M | 232.83M | 232.93M |
| Common Stock | 7.00K | 7.00K | 7.00K | 6.00K | 5.00K | 16.93M |
| Additional Paid-In Capital | 178.88M | 173.51M | 168.63M | 88.20M | 29.56M | |
| Retained Earnings | -52.59M | -45.77M | -64.59M | -19.36M | -3.18M | |
| Comprehensive Income & Other | 53.00K | 312.00K | -102.00K | |||
| Total Common Equity | 126.30M | 127.75M | 104.10M | 69.16M | 26.28M | 16.93M |
| Minority Interest | 37.69M | 44.22M | 55.72M | 63.09M | 72.10M | |
| Shareholders' Equity | 163.99M | 171.97M | 159.82M | 132.25M | 98.38M | 70.96M |
| Total Liabilities & Equity | 822.93M | 593.18M | 556.56M | 402.20M | 331.20M | 303.89M |
| Total Debt | 608.05M | 373.58M | 322.95M | 241.17M | 215.74M | 221.97M |
| Net Cash (Debt) | -589.09M | -352.86M | -261.52M | -169.04M | -188.67M | -215.16M |
| Net Cash Per Share | -10.52 | -4.54 | -10.16 | -10.27 | -13.51 | -14.40 |
| Filing Date Shares Outstanding | 34.57M | 34.11M | 33.77M | 24.38M | 15.06M | 14.94M |
| Total Common Shares Outstanding | 34.51M | 33.99M | 33.46M | 24.17M | 14.96M | 14.94M |
| Working Capital | 141.67M | 18.16M | 94.31M | 73.39M | 56.55M | 193.42M |
| Book Value Per Share | 3.66 | 3.76 | 3.11 | 2.86 | 1.76 | 1.13 |
| Tangible Book Value | 123.73M | 125.04M | 101.10M | 69.16M | 26.28M | 16.93M |
| Tangible Book Value Per Share | 3.59 | 3.68 | 3.02 | 2.86 | 1.76 | 1.13 |
| Land | 1.62M | 1.62M | 1.62M | 1.62M | ||
| Buildings | 330.19M | 285.47M | 120.58M | 85.61M | 40.92M | 15.08M |
| Machinery | 13.57M | 12.50M | 7.51M | 5.43M | 595.00K | 200.00K |
| Construction In Progress | 84.16M | 60.84M | 144.90M | 64.21M | 48.24M | 25.03M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 925.00K | 18.82M | -45.23M | -16.18M | -3.18M | -13.61M |
| Depreciation & Amortization | 7.86M | 6.38M | 2.71M | 2.28M | 695.00K | 1.01M |
| Other Amortization | 1.34M | 348.00K | ||||
| Loss (Gain) From Sale of Assets | 137.00K | 121.00K | 30.00K | |||
| Asset Writedown & Restructuring Costs | 248.00K | |||||
| Loss (Gain) From Sale of Investments | -67.00K | -112.00K | -307.00K | |||
| Stock-Based Compensation | 6.63M | 5.77M | 3.92M | 2.26M | 1.22M | 217.00K |
| Other Operating Activities | -23.98M | -41.02M | 30.61M | 1.26M | -13.61M | 2.78M |
| Change in Accounts Receivable | -325.00K | -166.00K | -1.11M | -440.00K | ||
| Change in Accounts Payable | 7.71M | 7.53M | 309.00K | 3.11M | -1.31M | 3.30M |
| Change in Other Net Operating Assets | -17.00K | -26.00K | -11.55M | -316.00K | ||
| Operating Cash Flow | 225.00K | -2.34M | -9.10M | -7.74M | -27.49M | -6.62M |
| Capital Expenditures | -103.18M | -84.17M | -78.55M | -56.14M | -45.97M | -15.99M |
| Sale of Property, Plant & Equipment | 10.00K | 563.00K | 11.00K | |||
| Cash Acquisitions | -31.68M | 1.79M | ||||
| Investment in Securities | -363.00K | 21.40M | 67.31M | 40.12M | -139.67M | |
| Other Investing Activities | -121.00K | -1.00M | -2.04M | -2.20M | ||
| Investing Cash Flow | -103.53M | -62.33M | -43.91M | -16.27M | -187.84M | -15.99M |
| Long-Term Debt Issued | 21.08M | 168.23M | ||||
| Long-Term Debt Repaid | -7.52M | -1.78M | -1.76M | -19.05M | ||
| Net Debt Issued (Repaid) | 243.14M | 13.56M | -1.78M | -1.76M | 149.18M | |
| Issuance of Common Stock | 2.54M | 281.00K | 79.27M | 57.31M | 60.69M | |
| Repurchase of Common Stock | -1.64M | -1.53M | -1.44M | -377.00K | ||
| Other Financing Activities | -8.81M | -4.98M | -955.00K | -303.00K | -7.90M | -7.71M |
| Financing Cash Flow | 235.23M | 7.33M | 75.09M | 54.87M | 52.79M | 226.47M |
| Net Cash Flow | 131.92M | -57.34M | 22.09M | 30.87M | -162.54M | 203.86M |
| Free Cash Flow | -102.96M | -86.51M | -87.64M | -63.88M | -73.46M | -22.61M |
| Free Cash Flow Margin | -303.35% | -314.12% | -593.75% | -843.23% | -3,981.46% | -1,432.76% |
| Free Cash Flow Per Share | -1.84 | -1.11 | -3.40 | -3.88 | -5.26 | -1.51 |
| Levered Free Cash Flow | -242.06M | -61.49M | -116.74M | -34.35M | 101.44M | -210.68M |
| Unlevered Free Cash Flow | -241.30M | -61.21M | -116.30M | -34.01M | 101.44M | -209.95M |
| Cash Interest Paid | 7.36M | 7.42M | 7.66M | 7.48M | 5.53M | 795.00K |
| Change in Working Capital | 7.38M | 7.36M | -816.00K | 2.64M | -12.86M | 2.99M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 825.07M | 304.89M | 397.83M | 233.35M | 39.80M | |
| Enterprise Value | 1.41B | 674.18M | 732.32M | 507.36M | 297.80M | |
| Last Close Price | 9.89 | 8.97 | 11.93 | 9.66 | 2.66 | 10.17 |
| PE Ratio | 16.20 | |||||
| PS Ratio | 24.31 | 11.07 | 26.95 | 30.80 | 21.57 | |
| PB Ratio | 2.70 | 1.77 | 2.49 | 1.76 | 0.41 | |
| P/TBV Ratio | 6.67 | 2.44 | 3.94 | 3.37 | 1.51 | |
| EV/Sales Ratio | 41.67 | 24.48 | 49.61 | 66.98 | 161.41 | |
| Debt / Equity Ratio | 3.71 | 2.17 | 2.02 | 1.82 | 2.19 | 3.13 |
| Net Debt / Equity Ratio | 3.59 | 2.05 | 1.64 | 1.28 | 1.92 | 3.03 |
| Net Debt / EBITDA Ratio | -30.12 | -16.30 | -14.77 | -11.49 | -10.53 | -19.23 |
| Net Debt / FCF Ratio | -5.72 | -4.08 | -2.98 | -2.65 | -2.57 | -9.52 |
| Asset Turnover | 0.05 | 0.05 | 0.03 | 0.02 | 0.01 | 0.01 |
| Quick Ratio | 0.35 | 0.50 | 2.24 | 4.33 | 1.91 | 0.63 |
| Current Ratio | 3.38 | 1.41 | 4.41 | 5.38 | 4.99 | 18.65 |
| Return on Equity (ROE) | -6.80% | 4.41% | -36.76% | -22.06% | -16.16% | -42.23% |
| Return on Assets (ROA) | -2.46% | -3.05% | -2.66% | -2.90% | -3.66% | -4.29% |
| Return on Capital Employed (ROCE) | -3.60% | -5.10% | -3.90% | -4.40% | -5.90% | -4.20% |
| Earnings Yield | -0.86% | 6.17% | -11.37% | -6.93% | -8.00% | |
| FCF Yield | -12.48% | -28.37% | -22.03% | -27.37% | -184.56% | |
| Buyback Yield / Dilution | -84.51% | -202.13% | -56.43% | -17.84% | 6.51% |