Sky Harbour Group Corp
Business
Sky Harbour Group Corp is an aviation infrastructure development company building Home Base Operator (HBO) campuses that provide private and semi-private hangars exclusively for based business aircraft. The company develops, leases, and manages general aviation hangar facilities across the United States, targeting high-demand markets with supply constraints. Sky Harbour operates a geographically diversified portfolio of HBO campuses in major metropolitan areas and generates revenue primarily through long-term tenant rental agreements for hangar space and ancillary services.
Summary from 10-K filed 2026-03-19
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total revenue | 28 | 15 | 8 | 2 | 2 | |
| Campus operating expenses | 9 | 4 | 3 | — | — | |
| Fuel expenses | 3 | 555,000 | 214,000 | — | — | |
| Ground lease expenses | 13 | 9 | 4 | — | — | |
| Depreciation and amortization | 6 | 3 | 2 | 695,000 | 570,000 | |
| Pursuit and marketing expenses | 2 | 2 | 2 | — | — | |
| Employee compensation and benefits | 17 | 14 | 10 | — | — | |
| General and administrative expenses | 4 | 3 | 3 | 15 | 9 | |
| Total expenses | 56 | 35 | 25 | — | — | |
| Operating loss | −28 | −20 | −17 | −19 | 3 | |
| Interest expense, net of capitalized interest | 1 | 715,000 | 541,000 | — | — | |
| Other (income) expense | −846,000 | −2 | −737,000 | −98,000 | 0 | |
| Unrealized (gain) loss on warrants | −36 | 35 | 9 | −5 | 0 | |
| Total other (income) expense | −35 | 33 | 8 | −5 | 1 | |
| Net income (loss) | 7 | −54 | −25 | −14 | −14 | |
| Net loss attributable to non-controlling interests | −11 | −8 | −9 | −10 | 0 | |
| Net income (loss) attributable to Sky Harbour Group Corporation shareholders | 19 | −45 | −16 | −3 | −14 | |
| Basic (in dollars per share) | 0.56 | −1.76 | −0.98 | −0.23 | 0 | |
| Diluted (in dollars per share) | 0.09 | −1.76 | −0.98 | −0.23 | 0 | |
| Basic (in shares) | 34 | 26 | 16 | 14 | 0 | |
| Diluted (in shares) | 78 | 26 | 16 | 14 | 0 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash | 21 | 42 | 60 | 2 | 7 | |
| Restricted cash | 16 | 52 | 12 | 39 | 197 | |
| Investments | 0 | 19 | 12 | 25 | 0 | |
| Restricted investments | 11 | 14 | 88 | 115 | 0 | |
| Accounts receivable, prepaid expenses, and other assets | 14 | 9 | 6 | 4 | 3 | |
| Right-of-use assets | 178 | 148 | 71 | 57 | 57 | |
| Total assets | 593 | 557 | 402 | 331 | 304 | |
| Accounts payable, accrued expenses, and other liabilities | 37 | 28 | 17 | 14 | 11 | |
| Operating lease liabilities | 190 | 153 | 69 | 54 | 61 | |
| Bonds payable, net of unamortized debt issuance costs and premiums | 187 | 163 | 162 | 162 | 161 | |
| Warrants liability | 10 | 46 | 12 | 3 | 0 | |
| Total liabilities | 421 | 397 | 270 | 233 | 233 | |
| Commitments and contingencies (Note 20) | — | — | — | — | — | |
| Preferred stock; $0.0001 par value; 10,000,000 shares authorized as of December 31, 2025; none issued and outstanding | 0 | 0 | 0 | 0 | 0 | |
| Additional paid-in capital | 174 | 169 | 88 | 30 | 0 | |
| Accumulated deficit | −46 | −65 | −19 | −3 | 0 | |
| Accumulated other comprehensive income | 0 | 53,000 | 312,000 | −102,000 | 0 | |
| Total Sky Harbour Group Corporation stockholders equity | 128 | 104 | 69 | 26 | 0 | |
| Non-controlling interests | 44 | 56 | 63 | 72 | 0 | |
| Total equity | 172 | 160 | 132 | 98 | 17 | |
| Total liabilities and equity | 593 | 557 | 402 | 331 | 304 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 6 | 3 | 2 | 695,000 | 1 | |
| Amortization of debt issuance costs | 348,000 | 0 | — | — | — | |
| Equity-based compensation | 6 | 4 | 2 | 1 | 217,000 | |
| Straight-line rent adjustments, net | −980,000 | −109,000 | −239,000 | 10,000 | −100,000 | |
| Non-cash operating lease expense | 7 | 5 | 2 | 2 | 3 | |
| Loss on disposition assets, net | 121,000 | 30,000 | 0 | — | — | |
| Loss on extinguishment of loans payable | 13,000 | 0 | — | — | — | |
| Realized gain on available for sale investments | −112,000 | −307,000 | 0 | — | — | |
| Accounts receivable, prepaid expenses, and other assets | −166,000 | −1 | −440,000 | — | — | |
| Right-of-use asset initial direct costs | 0 | −17,000 | −26,000 | −10 | 0 | |
| Accounts payable, accrued expenses, and other liabilities | 8 | 309,000 | 3 | −1 | 3 | |
| Net cash used in operating activities | −2 | −9 | −8 | −27 | −7 | |
| Purchases of long-lived assets | −10 | −2 | −767,000 | −1 | −162,000 | |
| Payments for cost of construction | −75 | −76 | −55 | −45 | −16 | |
| Proceeds from disposition of long-lived assets | 563,000 | 11,000 | 0 | — | — | |
| Investment in notes receivable, net | −121,000 | −1 | −2 | −2 | 0 | |
| Net cash (used in) provided by acquisition of business | 0 | −32 | 2 | — | — | |
| Purchases of available for sale investments | −201 | −245 | −54 | −30 | 0 | |
| Proceeds from available for sale investments | 220 | 238 | 68 | 79 | 0 | |
| Proceeds from held-to-maturity investments | 2 | 74 | 198 | 5 | 0 | |
| Net cash used in investing activities | −62 | −44 | −16 | −188 | −16 | |
| Proceeds from exercise of warrants | 0 | 3 | 3,000 | 3,000 | 0 | |
| Payments for debt issuance costs | −5 | 0 | — | — | — | |
| Payments for equity issuance costs | −90,000 | −955,000 | −800,000 | −9 | −2 | |
| Payments of employee taxes related to vested equity awards | −2 | −1 | −377,000 | 0 | — | |
| Net cash provided by financing activities | 7 | 75 | 55 | 53 | 226 | |
| Net (decrease) increase in cash and restricted cash | −57 | 22 | 31 | −163 | 204 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Sky Harbour Group Corp's CIK number?
Sky Harbour Group Corp's SEC CIK number is 0001823587 (1823587). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Sky Harbour Group Corp's SEC filings?
All of Sky Harbour Group Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Sky Harbour Group Corp last report earnings?
Sky Harbour Group Corp (SKYH-WT) most recently filed an earnings 8-K with the SEC on May 14, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001437749-26-017052). This is Sky Harbour Group Corp's most recent earnings filing of record — not a forecast of its next earnings date.
What is Sky Harbour Group Corp's most recent earnings 8-K?
Sky Harbour Group Corp's latest earnings 8-K (Item 2.02) was filed May 14, 2026 under accession 0001437749-26-017052. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Sky Harbour Group Corp's latest earnings 8-K →
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