Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data Sky Harbour Group Corp files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
1.58
1.85
7.58
14.8
27.5
General and administrative
8.74
14.7
3.29
3.49
4.25
Operating expenses
13.8
20.7
24.6
Operating income
2.91
-18.9
-17
-20.4
-28
Interest expense
1.16
0
0.54
0.72
1.36
Interest income
0.04
Other non-operating income
-1.41
5.18
-8.45
-33.3
35.3
Pre-tax income
2.95
Income tax
0
0
0
0
0
Net income to minority interests
0
-10.5
-9.26
-8.45
-11.5
Net income
-13.6
-3.18
-16.2
-45.2
18.8
EBITDA
3.92
-18.2
-14.7
-17.7
-21.6
EPS, basic
0.00
-0.23
-0.98
-1.76
0.56
EPS, diluted
0.00
-0.23
-0.98
-1.76
0.09
Shares, basic (weighted)
0
14
16.5
25.7
33.8
Shares, diluted (weighted)
0
14
16.5
25.7
77.8
Balance sheet
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
204
41.4
72.3
94.4
37
Other current assets
0.24
Lease right-of-use assets
56.9
56.7
70.5
148
178
Total assets
304
331
402
557
593
Accounts payable
1.17
Total current liabilities
6.93
Total liabilities
233
233
270
397
421
Total debt
161
162
162
163
187
Paid-in capital
0
29.6
88.2
169
174
Retained earnings
0
-3.18
-19.4
-64.6
-45.8
Other comprehensive income
0
-0.1
0.31
0.05
0
Shareholders' equity
-18.4
Minority interests
0
72.1
63.1
55.7
44.2
Total equity
16.9
98.4
132
160
172
Total liabilities and equity
304
331
402
557
593
Cash flow statement
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-13.6
-13.7
-25.4
-53.7
7.32
Depreciation and amortization
1.01
0.7
2.28
2.71
6.38
Stock-based compensation
0.22
1.22
2.26
3.92
5.77
Change in payables
3.3
-1.31
3.11
0.31
7.53
Cash from operations
-6.62
-27.5
-7.74
-9.1
-2.34
Capital expenditures
-0.16
-1.05
-0.77
-2.26
-9.51
Purchases of investments
-1,179
-30
-54.5
-245
-201
Sales and maturities of investments
1,179
79.1
68.2
238
220
Cash from investing
-16
-188
-16.3
-43.9
-62.3
Cash from financing
226
52.8
54.9
75.1
7.33
Net change in cash
204
-163
30.9
22.1
-57.3
Free cash flow
-6.78
-28.5
-8.5
-11.4
-11.8
Interest paid
0.8
5.53
7.48
7.66
7.42
Income taxes paid
0
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $10.01 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Operating margin
-80.8%
Operating income / revenue.
EBITDA margin
-57.6%
EBITDA (operating income + depreciation and amortization) / revenue.
Net margin
2.7%
Net income / revenue.
FCF margin
-16.2%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
0.7%
Cash from operations / revenue.
Return on assets (ROA)
0.1%
Net income / average total assets.
Stock-based pay / revenue
19.5%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
16.8%
Capital expenditures / revenue.
D&A / revenue
23.1%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
86.6%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
146.2%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
6.6%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
21.4%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
202.1%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
77.3%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Liabilities / assets
80.1%
Total liabilities / total assets.
Interest coverage
-7.37x
Operating income / interest expense.
Efficiency
Metric
Value
How it is calculated
Asset turnover
0.04x
Revenue / average total assets.
FCF conversion
-592.8%
Free cash flow / net income, when net income is positive.
Capex / operating cash flow
2,540.0%
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
$0.03
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Market cap + total debt - cash - short-term investments.
P/E
828x
Market cap / net income. Only when net income is positive.
P/S
22.6x
Market cap / revenue.
P/OCF
3,409x
Market cap / cash from operations, when positive.
EV/Sales
17.8x
Enterprise value / revenue.
FCF yield
-0.7%
Free cash flow / market cap.
Earnings yield
0.1%
Net income / market cap (the inverse of P/E).
What was Sky Harbour Group Corp's revenue in fiscal 2025?
Sky Harbour Group Corp reported revenue of $27.5M for fiscal 2025, 86.6% higher than the year before.
Was Sky Harbour Group Corp profitable in fiscal 2025?
Yes. Net income was $18.8M, a net margin of 68.3%.
How much free cash flow did Sky Harbour Group Corp generate in fiscal 2025?
Cash from operations of $2.3M minus capital expenditures of $9.5M left free cash flow of -$11.8M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.