SKYH
Sky Harbour Group Corporation8.99
-0.38-4.06%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Key Stats
Market Cap
683.56MP/E (TTM)
-Basic EPS (TTM)
-0.46Dividend Yield
0%Recent Filings
10-K
FY2025 results
Sky Harbour Group swung to net income of $7.3M in FY2025 ended December 31, 2025, from a $53.7M loss in 2024, fueled by revenue doubling to $27.5M on new campuses at DVT, ADS, and APA plus full-year CMA operations, while rental revenue jumped 70% to $21.6M. Q4 momentum shone through DVT Phase I (April), ADS Phase I (June), and APA Phase I (September) completions, lifting occupancy across the 1.0M sq ft portfolio to 78.1% despite APA's early 26.9% rate. Ground leases and campus ops weighed on margins, with operating loss widening to $28.0M, yet $35.9M warrant gains drove the swing; diluted EPS hit $0.09 on 77.8M shares. Debt climbed with $166.3M Series 2021 Bonds and fresh Term Loan Facility, but cash burned $62.3M on construction. New ground leases signal pipeline acceleration. Ground lease non-renewals threaten key sites.
8-K
Record 2025 results, funded expansion
Sky Harbour reported 2025 results on March 19, 2026, with consolidated revenues up 87% and net cash used in operations slashed to $2.3 million from $9.1 million. Constructed assets topped $328 million; liquidity hit $48 million cash plus $200 million facility availability. Hit cash flow breakeven. Fully funded to double hangar space to over 2.1 million square feet.
8-K
Closes $150M aviation bonds
Sky Harbour Capital III, a subsidiary, closed a $150M revenue bond issuance at 6% interest on February 12, 2026, via Public Finance Authority conduit. Proceeds fund aviation hangar projects at Addison, Bradley, Salt Lake City, Poughkeepsie, and Orlando airports, plus reserves and issuance costs. Structurally subordinate to prior bonds; mandatory tender January 1, 2031. Funds flow from upstream surplus cash.
8-K
Issues shares for $10M note
Sky Harbour Group subsidiary issued a $10 million unsecured promissory note to Yorkville on January 27, 2026. On February 3, it issued 40,000 Class A shares to Yorkville in a registered direct offering under its S-3 shelf. Shares valid per Morrison & Foerster opinion. No terms beyond note principal disclosed.
8-K
Prices $150M bonds at 6%
Sky Harbour's subsidiary priced $150 million Series 2026 tax-exempt bonds at 6% yield, upsized from $100 million on strong demand from 18 investors. Fixed-rate unrated bonds include a mandatory tender January 1, 2031, with closing expected February 12, 2026. Paired with a $200 million JPM facility, funds will build over 1.2 million square feet of hangar space at seven airports. Bonds double target project equity returns.
IPO
Website
Employees
Sector
Industry
FOR
Forestar Group Inc
26.83+0.17
HRBR
Harbor Diversified, Inc.
0.85+0.12
JETR
Star Jets International, Inc.
0.01+0.00
SDHC
Smith Douglas Homes Corp.
20.09-0.67
SEG
Seaport Entertainment Group Inc
21.30-0.52
SKAS
Saker Aviation Services Inc.
6.80+0.00
SKBL
Skyline Builders Group Holding
2.49-0.04
SOAR
Volato Group, Inc.
1.05-0.05
SRRE
Sunrise Real Estate Group, Inc.
0.13+0.00
STHO
Star Holdings - Shares of Benef
7.48-0.06