Quarterly ResultAug 12, 2026, 04:16 PM
Sky Harbour Q2 Revenue +50%; Raises $40M in Stock Issuance
AI Summary
Sky Harbour Group Corporation announced its Q2 2026 financial results, reporting a 50% increase in consolidated revenues year-over-year and achieving its first quarter of positive net cash provided by operating activities at $0.5 million. The company also successfully closed a $40 million common stock issuance at $10.00 per share to fund additional hangar projects. Sky Harbour reaffirmed its 2026 year-end guidance, expecting consolidated revenues of $42-46 million and Adjusted EBITDA of $4-6 million.
Key Highlights
- Q2 2026 consolidated revenues increased approximately 50% compared to Q2 2025.
- Q2 2026 net cash provided by operating activities was approximately $0.5 million, marking the first positive quarter.
- Closed a $40 million common stock issuance at $10.00 per share with two new long-term investors.
- Reaffirmed 2026 year-end consolidated revenues guidance of $42-46 million.
- Reaffirmed 2026 year-end consolidated Adjusted EBITDA guidance of $4-6 million.
- Constructed assets and construction in progress reached over $393 million at quarter-end.
- Consolidated cash and US Treasuries totaled $206.9 million.
- San Jose Mineta International Airport (SJC) Phase 1 reached 132% economic occupancy.
Price Impact
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