Sky Harbour Group Corp Earnings Per Share Disclosure

16.	Earnings (loss) per Share

 

Basic earnings (loss) per share of Class A Common Stock is computed by dividing net income (loss) attributable to SHG by the weighted-average number of shares of Class A Common Stock outstanding during the period. Diluted net income (loss) per share of Class A Common Stock is computed by dividing net income (loss) attributable to SHG, adjusted for the assumed exchange of all potentially dilutive securities, by the weighted-average number of shares of Class A Common Stock outstanding adjusted to give effect to potentially dilutive shares using the treasury stock or if-converted method as appropriate. Shares of the Company’s Class B Common Stock do not participate in the earnings or losses of the Company and are therefore not participating securities. As such, separate presentation of basic and diluted earnings per share of Class B Common Stock under the two-class method has not been presented. 

 

		Year Ended
		December 31, 2025				December 31, 2024
Numerator:
Net income (loss)		$	7,321			$	(53,683	)
Less: Net loss attributable to non-controlling interests			(11,497	)			(8,452	)
Basic net income (loss) attributable to Sky Harbour Group Corporation shareholders			18,818				(45,231	)
Less: Net (loss) attributable to LLC Interests			(11,497	)			-
Diluted net income (loss) attributable to Sky Harbour Group Corporation shareholders		$	7,321			$	(45,231	)
Denominator:
Based weighted average shares of Class A Common Stock outstanding			33,828				25,742
Effect of dilutive exchange of Class B Common Stock			42,046				-
Effect of dilutive exchange of Sky Incentive Units			1,857				-
Effect of dilutive restricted stock			43				-
Diluted weighted average shares outstanding			77,774				25,742
Earnings (loss) per share of Class A Common Stock – Basic		$	0.56			$	(1.76	)
Earnings (loss) per share of Class A Common Stock – Diluted		$	0.09			$	(1.76	)

 

Potentially dilutive shares excluded from the weighted-average shares used to calculate the diluted net loss per common share due the Company's net loss position were as follows (in thousands):

 

		Year Ended
		December 31, 2025				December 31, 2024
Shares subject to unvested restricted stock units			840				889
Shares issuable upon the exercise of unvested stock options			1,125				439
Shares issuable upon the exercise of Warrants			15,798				15,798
Shares issuable upon the exchange of Class B Common Stock			-				42,046
Shares issuable upon the exercise and exchange of Sky Incentive Units			4				2,056