Quarterly ResultAug 12, 2026, 04:09 PM
Sky Harbour Q2 Revenue Up 49.6% to $9.86M; Net Loss $(1.24)M
AI Summary
Sky Harbour Group Corp. reported a substantial increase in total revenue for the second quarter of 2026, reaching $9.86 million, a 49.6% rise year-over-year. However, the company recorded a net loss attributable to shareholders of $(1.24) million, a significant shift from a net income of $17.45 million in the prior year's quarter. The company's balance sheet expanded considerably, with total assets growing to $822.93 million and total liabilities to $658.94 million, largely driven by ongoing construction projects and significant financing activities, including $226.44 million in net cash from financing for the first half of 2026.
Key Highlights
- Total revenue for Q2 2026 increased by 49.6% to $9.86 million from $6.59 million in Q2 2025.
- Net loss attributable to shareholders for Q2 2026 was $(1.24) million, compared to net income of $17.45 million in Q2 2025.
- Diluted loss per share for Q2 2026 was $(0.04), a decrease from diluted EPS of $0.18 in Q2 2025.
- Total assets grew to $822.93 million as of June 30, 2026, up from $593.18 million at December 31, 2025.
- Total liabilities increased to $658.94 million as of June 30, 2026, from $421.21 million at December 31, 2025.
- Net cash provided by financing activities for H1 2026 was $226.44 million, a significant increase from $(1.46) million in H1 2025.
- Bonds payable, net, increased to $309.77 million as of June 30, 2026, from $162.82 million at December 31, 2025.
- Loans payable and finance lease liabilities rose to $100.33 million as of June 30, 2026, from $20.54 million at December 31, 2025.
Price Impact
More from SKYH