Quarterly ResultMay 14, 2026, 04:08 PM
Sky Harbour Q1 Revenue $8.73M, Net Loss $(5.58)M; Debt Up 90%
AI Summary
Sky Harbour Group Corp. reported a significant increase in total revenue for Q1 2026, reaching $8.73 million, up 56% year-over-year, driven by higher rental and fuel revenues. Despite this growth, the company recorded a net loss attributable to shareholders of $(5.58) million, an improvement from $(6.38) million in Q1 2025. The company substantially increased its total assets by 28.9% to $764.47 million, largely funded by a 90.1% surge in bonds payable to $309.52 million and new loans, reflecting ongoing construction and development activities.
Key Highlights
- Total revenue increased 56.0% to $8.73 million in Q1 2026 from $5.59 million in Q1 2025.
- Net loss attributable to shareholders improved to $(5.58) million from $(6.38) million year-over-year.
- Basic loss per share was $(0.16) in Q1 2026, an improvement from $(0.19) in Q1 2025.
- Total assets grew 28.9% to $764.47 million as of March 31, 2026, from $593.18 million.
- Bonds payable, net, surged 90.1% to $309.52 million from $162.82 million at year-end 2025.
- Proceeds from bond issuance were $150.00 million and loans payable $29.04 million in Q1 2026.
- Net cash used in investing activities was $(126.93) million, primarily for construction and investments.
- Restricted cash and investments significantly increased to $175.53 million from $27.76 million.