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Sky Harbour Group
(NYSE:SKYH)
Sky Harbour Group (SKYH) vs. SPDR S&P 500 ETF (SPY)
Sky Harbour Group Business Overview & Revenue Model
Sky Harbour Group Earnings Call Summary
Sky Harbour Group Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 24.13M | 14.76M | 7.58M | 1.84M | 1.58M | 685.60K |
| Gross Profit | 10.43M | 5.64M | 407.00K | -3.90M | -3.46M | -1.26M |
| EBITDA | 1.76M | -50.26M | -22.62M | -11.02M | -9.25M | -2.05M |
| Net Income | -4.30M | -45.23M | -16.18M | -3.18M | -13.61M | -2.54M |
Balance Sheet | ||||||
| Total Assets | 558.03M | 556.56M | 402.20M | 331.20M | 303.89M | 140.24M |
| Cash, Cash Equivalents and Short-Term Investments | 23.50M | 42.44M | 72.12M | 27.07M | 6.80M | 1.12M |
| Total Debt | 345.71M | 322.95M | 241.17M | 215.74M | 221.97M | 57.49M |
| Total Liabilities | 394.18M | 396.74M | 269.95M | 232.83M | 232.93M | 22.92M |
| Stockholders Equity | 116.76M | 104.10M | 69.16M | 26.28M | 70.96M | 117.32M |
Cash Flow | ||||||
| Free Cash Flow | -98.71M | -87.64M | -63.88M | -73.46M | -22.61M | -12.94M |
| Operating Cash Flow | -9.36M | -9.10M | -7.74M | -27.49M | -6.62M | -1.04M |
| Investing Cash Flow | -96.57M | -43.91M | -16.27M | -187.84M | -15.99M | -11.90M |
| Financing Cash Flow | 68.23M | 75.09M | 54.87M | 52.79M | 226.47M | 11.99M |
Sky Harbour Group Technical Analysis
Sky Harbour Group Risk Analysis
Sky Harbour Group Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
58 Neutral | $2.35B | -4.18 | -50.08% | ― | -0.63% | -163.11% | |
56 Neutral | $366.25M | -134.16 | ― | ― | ― | ― | |
55 Neutral | $1.45B | -6.25 | -115.63% | ― | ― | -33.69% | |
47 Neutral | $707.90M | -17.08 | -5.40% | ― | 95.23% | 89.44% | |
45 Neutral | $527.12M | -0.56 | ― | ― | ― | ― | |
43 Neutral | $952.48M | -30.54 | -24.59% | ― | 23.58% | 20.74% |
Sky Harbour Group Corporate Events
On January 29, 2026, the company’s Sky Harbour Capital III subsidiary priced $150 million in Series 2026 tax-exempt bonds at a 6% yield, upsized from $100 million after drawing $450 million in institutional orders, with issuance expected around February 12, 2026. Coupled with a $200 million expandable draw-down facility from J.P. Morgan, the proceeds are earmarked to fund construction of more than 1.2 million rentable square feet of hangar capacity across seven airports, positioning Sky Harbour to expand its HBO footprint and deepen investor partnerships that management says support higher project equity returns.
The most recent analyst rating on (SKYH) stock is a Hold with a $10.50 price target. To see the full list of analyst forecasts on Sky Harbour Group stock, see the SKYH Stock Forecast page.
On January 27, 2026, Sky Harbour LLC, a subsidiary of Sky Harbour Group Corporation, issued a non-convertible, unsecured promissory note in the principal amount of $10 million to YA II PN, Ltd. (Yorkville), bearing interest at 7.75% per annum and maturing on June 8, 2027, with repayment of $833,333.33 scheduled monthly from July 8, 2026 over twelve months and obligations guaranteed by the parent company. As part of the financing, Sky Harbour agreed to issue 40,000 shares of its Class A common stock to Yorkville in a registered direct offering, with the note including customary covenants and default provisions and the proceeds earmarked for working capital and general corporate purposes, underscoring the company’s ongoing need to fund operations and growth initiatives.
The most recent analyst rating on (SKYH) stock is a Hold with a $10.50 price target. To see the full list of analyst forecasts on Sky Harbour Group stock, see the SKYH Stock Forecast page.
On January 8, 2026, Sky Harbour Capital II LLC, a subsidiary of Sky Harbour Group, amended its draw down note purchase and covenant agreement with a lender group led by JPMorgan Chase to define conditions under which surplus funds can be released to borrowers and used for specified corporate purposes, and added subsidiaries owning hangar campuses at Camarillo Airport and Bradley International Airport to the borrowing base. That same day, the subsidiary drew about $13 million under the facility to reimburse prior capital expenditures at Bradley and for general corporate purposes, leaving roughly $187 million of remaining borrowing capacity, while a related guaranty by Sky Harbour Holdings III LLC was amended to govern how excess revenues from an existing master trust may be released and used, including for approved hangar project construction, subject to coverage ratio tests, minimum account balances, timing triggers beginning no earlier than January 1, 2027, and the absence of defaults. On January 12, 2026, the company also announced it had filed a preliminary limited offering memorandum for a planned $100 million, five-year tax‑exempt bond offering by Sky Harbour Capital III and provided updated hangar occupancy statistics, signaling continued efforts to expand and finance its airport hangar portfolio while tightening the framework for distributing surplus cash within its capital structure.
The most recent analyst rating on (SKYH) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Sky Harbour Group stock, see the SKYH Stock Forecast page.
On December 31, 2025, Sky Harbour Group Corporation amended and restated its existing at-the-market equity offering arrangement by adding Yorkville Securities as an additional sales agent alongside B. Riley Securities. Under the updated agreement, the company may sell up to $100 million of its Class A common stock over time, with approximately $98.6 million of capacity remaining as of the amendment date, while all other material terms of the prior sales agreement remain unchanged, preserving Sky Harbour’s flexibility to raise equity capital as needed.
The most recent analyst rating on (SKYH) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Sky Harbour Group stock, see the SKYH Stock Forecast page.
On December 10, 2025, Walter Jackson announced his resignation from the Sky Harbour Group Corporation’s Board of Directors, effective December 31, 2025, without any disagreements with the company’s operations. Subsequently, Andrew Jody Gessow was appointed to the Board and the Audit Committee, bringing extensive experience from his roles in real estate investment and cybersecurity sectors, while Jordan Moelis was named Chairman of the Audit Committee.
The most recent analyst rating on (SKYH) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Sky Harbour Group stock, see the SKYH Stock Forecast page.
On December 8, 2025, Sky Harbour LLC, a subsidiary of Sky Harbour Group Corporation, issued a non-convertible, unsecured promissory note worth $15 million to YA II PN, Ltd. The note, which matures on June 8, 2027, will be used for working capital and general corporate purposes. On December 15, 2025, the company also issued 50,000 shares of its Class A common stock to Yorkville in a registered direct offering. This financial maneuver is part of Sky Harbour’s strategy to bolster its liquidity and support its operations in the private aviation infrastructure sector.
The most recent analyst rating on (SKYH) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Sky Harbour Group stock, see the SKYH Stock Forecast page.