Sky Harbour Group Corp (SKYH) financial statements: income statement, balance sheet and cash flow
Sky Harbour Group Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Sky Harbour Group Corp reported revenue of $27.5M (+86.6% year on year) and net income of $18.8M (+141.6% year on year).
Income statement
Sky Harbour Group Corp income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Operating lease income
$27.5M
$14.8M
$7.6M
$1.8M
Total revenue
$27.5M
$14.8M
$7.6M
$1.8M
Campus operating expenses
$8.7M
$4.0M
—
—
Fuel expenses
$3.3M
$555.0K
—
—
Ground lease expenses
$13.5M
$8.6M
—
—
Depreciation and amortization
$6.3M
$2.7M
$2.3M
$695.0K
Pursuit and marketing expenses
$2.3M
$2.0M
—
—
Employee compensation and benefits
$17.3M
$13.9M
—
—
General and administrative expenses
$4.3M
$3.5M
$15.1M
$14.7M
Total expenses
$55.6M
$35.2M
$24.6M
$20.7M
Operating loss
($28.0M)
($20.4M)
($17.0M)
—
Interest expense, net of capitalized interest
$1.4M
$715.0K
$541.0K
$0
Other (income) expense
($846.0K)
($2.0M)
($737.0K)
($98.0K)
Unrealized (gain) loss on warrants
($35.9M)
$34.5M
$8.6M
($5.1M)
Total other (income) expense
($35.3M)
$33.3M
$8.4M
($5.2M)
Net income (loss)
$7.3M
($53.7M)
($25.4M)
($13.7M)
Net loss attributable to non-controlling interests
($11.5M)
($8.5M)
($9.3M)
($10.5M)
Net income (loss) attributable to Sky Harbour Group Corporation shareholders
$18.8M
($45.2M)
($16.2M)
($3.2M)
Basic (in dollars per share)
$0.56
-$1.76
-$0.98
-$0.23
Diluted (in dollars per share)
$0.09
-$1.76
-$0.98
-$0.23
Basic (in shares)
33.8M
25.7M
16.5M
14.0K
Diluted (in shares)
77.8M
25.7M
16.5M
14.0K
Sky Harbour Group Corp income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Operating lease income
$9.9M
$8.7M
$7.3M
$6.6M
Total revenue
$9.9M
$8.7M
$7.3M
$6.6M
Campus operating expenses
$2.4M
$2.6M
$2.1M
$2.2M
Fuel expenses
$1.9M
$1.2M
$689.0K
$923.0K
Ground lease expenses
$3.9M
$4.0M
$3.5M
$3.6M
Depreciation and amortization
$2.1M
$2.0M
$1.8M
$1.5M
Pursuit and marketing expenses
$665.0K
$622.0K
$564.0K
$585.0K
Employee compensation and benefits
$4.6M
$4.3M
$5.0M
$4.3M
General and administrative expenses
$1.1M
$1.1M
$1.4M
$1.0M
Total expenses
$16.6M
$15.7M
$15.0M
$14.1M
Operating loss
($6.8M)
($7.0M)
($7.7M)
($7.5M)
Interest expense
$1.3M
$1.3M
$280.0K
$133.0K
Unrealized gain on warrants
($3.8M)
$790.0K
($3.0M)
($21.8M)
Other expense (income)
$55.0K
($85.0K)
($304.0K)
($216.0K)
Total other (income) expense
($2.4M)
$2.0M
($3.0M)
($21.9M)
Net loss
($4.4M)
($9.0M)
($4.7M)
$14.4M
Net loss attributable to non-controlling interests
($3.1M)
($3.4M)
($2.8M)
($3.1M)
Net loss attributable to Sky Harbour Group Corporation shareholders
($1.2M)
($5.6M)
($1.9M)
$17.5M
Basic (in dollars per share)
-$0.04
-$0.16
-$0.06
$0.52
Diluted (in dollars per share)
-$0.04
-$0.16
-$0.06
$0.18
Basic (in shares)
34.5M
34.1M
33.9M
33.8M
Diluted (in shares)
34.5M
34.1M
33.9M
77.9M
Balance sheet
Sky Harbour Group Corp balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash
$20.7M
$42.4M
$60.3M
$2.2M
Restricted cash
$16.3M
$51.9M
$12.0M
$39.2M
Investments
$0
$19.0M
$11.9M
$24.9M
Restricted investments
$11.5M
$13.8M
$88.2M
$114.6M
Accounts receivable, prepaid expenses, and other assets
$14.2M
$8.6M
$6.0M
$4.4M
Property, Plant and Equipment, Net
$349.9M
$269.9M
$153.3M
$89.1M
Right-of-use assets
$178.0M
$147.8M
$70.5M
$56.7M
Lease intangible assets, net
$4.4M
$6.0M
—
—
Total assets
$593.2M
$556.6M
$402.2M
$331.2M
Accounts payable, accrued expenses, and other liabilities
$37.4M
$27.7M
$16.7M
$14.2M
Operating lease liabilities
$190.2M
$152.8M
$69.4M
$53.5M
Bonds payable, net of unamortized debt issuance costs and premiums
$187.4M
$162.6M
$162.4M
$162.2M
Debt and Lease Obligation
$20.5M
—
—
—
Warrants liability
$10.3M
$46.1M
$12.0M
$2.9M
Total liabilities
$421.2M
$396.7M
$270.0M
$232.8M
Preferred stock; $0.0001 par value; 10,000,000 shares authorized as of December 31, 2025; none issued and outstanding
0
0
0
0
Common stock
$7.0K
$7.0K
$6.0K
$5.0K
Additional paid-in capital
$173.5M
$168.6M
$88.2M
$29.6M
Accumulated deficit
($45.8M)
($64.6M)
($19.4M)
($3.2M)
Accumulated other comprehensive income
$0
$53.0K
$312.0K
($102.0K)
Total Sky Harbour Group Corporation stockholders’ equity
$127.7M
$104.1M
$69.2M
$26.3M
Non-controlling interests
$44.2M
$55.7M
$63.1M
$72.1M
Total equity
$172.0M
$159.8M
$132.2M
$98.4M
Total liabilities and equity
$593.2M
$556.6M
$402.2M
$331.2M
Sky Harbour Group Corp balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash
$19.0M
$12.1M
$23.5M
$8.6M
Restricted cash
$145.1M
$69.0M
$13.0M
$23.5M
Restricted investments
$42.9M
$106.5M
$11.5M
$11.5M
Accounts receivable, prepaid expenses, and other assets
$16.8M
$17.4M
$12.3M
$9.2M
Property, Plant and Equipment, Net
$415.6M
$374.8M
$328.6M
$314.5M
Right-of-use assets
$181.1M
$182.0M
$166.4M
$167.1M
Lease intangible assets, net
$2.6M
$2.6M
$2.8M
$2.9M
Total assets
$822.9M
$764.5M
$558.0M
$568.1M
Accounts payable, accrued expenses and other liabilities
$43.6M
$32.5M
$24.6M
$29.5M
Operating lease liabilities
$198.0M
$196.6M
$176.7M
$175.4M
Loans payable and finance lease liabilities
$100.3M
$49.7M
$6.3M
$6.7M
Bonds payable, net of debt issuance costs and premiums
$417.2M
$366.8M
$162.8M
$162.7M
Warrants liability
$7.3M
$11.1M
$23.9M
$26.9M
Total liabilities
$658.9M
$599.5M
$394.2M
$401.1M
Preferred stock; $0.0001 par value; 10,000,000 shares authorized as of June 30, 2026; none issued and outstanding
0
0
0
0
Common stock
$7.0K
$7.0K
$7.0K
$7.0K
Additional paid-in capital
$178.9M
$175.3M
$172.1M
$170.6M
Accumulated deficit
($52.6M)
($51.4M)
($55.4M)
($53.5M)
Accumulated other comprehensive income
$0
$244.0K
$0
$70.0K
Total Sky Harbour Group Corporation stockholders’ equity
$126.3M
$124.2M
$116.8M
$117.2M
Non-controlling interests
$37.7M
$40.8M
$47.1M
$49.9M
Total equity
$164.0M
$165.0M
$163.9M
$167.0M
Total liabilities and equity
$822.9M
$764.5M
$558.0M
$568.1M
Cash flow statement
Sky Harbour Group Corp cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net loss
$7.3M
($53.7M)
($25.4M)
($13.7M)
Depreciation and amortization
$6.4M
$2.7M
$2.3M
$695.0K
Amortization of debt issuance costs
$348.0K
—
—
—
Equity-based compensation
$5.8M
$3.9M
$2.3M
$1.2M
Straight-line rent adjustments, net
($980.0K)
($109.0K)
($239.0K)
$10.0K
Non-cash operating lease expense
$7.3M
$4.7M
$2.1M
$2.0M
Loss on disposition assets, net
$121.0K
$30.0K
—
—
Loss on extinguishment of loans payable
$13.0K
—
—
$0
Unrealized (gain) loss on warrants
($35.9M)
$34.5M
$8.6M
($5.1M)
Realized gain on available for sale investments
($112.0K)
($307.0K)
—
—
Accounts receivable, prepaid expenses, and other assets
($166.0K)
($1.1M)
—
—
Right-of-use asset initial direct costs
$0
($17.0K)
($26.0K)
($9.6M)
Accounts payable, accrued expenses, and other liabilities
$7.5M
$309.0K
$3.1M
($1.3M)
Net cash used in operating activities
($2.3M)
($9.1M)
($7.7M)
($27.5M)
Purchases of long-lived assets
($9.5M)
($2.3M)
($767.0K)
($1.1M)
Payments for cost of construction
($74.7M)
($76.3M)
($55.4M)
($44.9M)
Proceeds from disposition of long-lived assets
$563.0K
$11.0K
—
—
Investment in notes receivable, net
($121.0K)
($1.0M)
($2.0M)
($2.2M)
Net cash (used in) provided by acquisition of business
$0
($31.7M)
—
—
Purchases of available for sale investments
($201.4M)
($244.7M)
($54.5M)
($30.0M)
Proceeds from available for sale investments
$220.4M
$237.6M
$68.2M
$5.0M
Proceeds from held-to-maturity investments
$2.4M
$74.4M
$198.4M
$79.1M
Net cash used in investing activities
($62.3M)
($43.9M)
($16.3M)
($187.8M)
Proceeds from issuance of shares
281.0K
—
—
—
Proceeds from exercise of warrants
$0
$3.0M
$3.0K
$3.0K
Proceeds from issuance of loan payable
$21.1M
—
—
—
Payments for debt issuance costs
($4.9M)
—
—
$0
Payments for equity issuance costs
($90.0K)
($955.0K)
($800.0K)
($9.2M)
Payments of loans payable
($7.5M)
($1.8M)
($1.8M)
$0
Payments of employee taxes related to vested equity awards
($1.5M)
($1.4M)
($377.0K)
—
Net cash provided by financing activities
$7.3M
$75.1M
$54.9M
$52.8M
Net (decrease) increase in cash and restricted cash
($57.3M)
$22.1M
$30.9M
($162.5M)
Cash and restricted cash, beginning of year
$94.4M
$72.3M
$41.4M
$203.9M
Cash and restricted cash, end of year
$37.0M
$94.4M
$72.3M
$41.4M
Sky Harbour Group Corp cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net (loss) income
($13.3M)
($9.0M)
$577.0K
$5.2M
Depreciation and amortization
$4.1M
$2.0M
$4.4M
$2.6M
Amortization of debt issuance costs
$996.0K
$483.0K
$73.0K
—
Straight-line rent adjustments, net
($782.0K)
($422.0K)
($767.0K)
($465.0K)
Equity-based compensation
$3.4M
$1.6M
$4.6M
$2.6M
Non-cash operating lease expense
$4.6M
$2.3M
$5.3M
$3.3M
Realized gain on available for sale investments
($9.0K)
($9.0K)
($95.0K)
($54.0K)
Paid-in-kind interest expense
$537.0K
$281.0K
—
—
Loss on disposition of assets
$85.0K
$0
$69.0K
$69.0K
Unrealized gain on warrants
($3.0M)
$790.0K
($22.3M)
($19.3M)
Accounts receivable, prepaid expenses, and other assets
($431.0K)
($813.0K)
$1.1M
($272.0K)
Accounts payable, accrued expenses, and other liabilities
$407.0K
($1.2M)
$177.0K
$232.0K
Net cash used in operating activities
($3.4M)
($3.9M)
($6.9M)
($6.0M)
Purchases of long-lived assets
($2.4M)
($1.6M)
($7.7M)
($6.2M)
Payments for cost of construction
($62.2M)
($30.5M)
($58.5M)
($39.4M)
Proceeds from disposition of long-lived assets
$0
$0
$553.0K
$553.0K
Investment in notes receivable, net
$0
$0
($121.0K)
($121.0K)
Purchases of available for sale investments
($83.5M)
($83.5M)
($188.4M)
($164.6M)
Purchases of held-to-maturity investments
($31.4M)
($31.4M)
—
—
Proceeds from available for sale investments
$83.5M
$20.1M
$207.5M
$152.7M
Proceeds from held-to-maturity investments
$0
—
$2.4M
$2.4M
Net cash used in investing activities
($96.0M)
($126.9M)
($44.3M)
($54.8M)
Proceeds from issuance of shares
2.5M
477.0K
—
—
Proceeds from Issuance of Long-Term Debt
$228.8M
$179.0M
—
—
Principal payments for loans payable and finance leases
($105.0K)
($62.0K)
($1.3M)
($871.0K)
Payments for debt issuance costs
($3.9M)
($3.9M)
($4.4M)
—
Payments for equity issuance costs
($20.0K)
($12.0K)
($90.0K)
($90.0K)
Payments of employee taxes related to vested equity awards
($881.0K)
($654.0K)
($1.2M)
($777.0K)
Net cash provided by (used in) financing activities
$226.4M
$174.9M
($6.7M)
($1.5M)
Net increase (decrease) in cash and restricted cash