Sky Harbour Group Corp (SKYH) Form 10-Q — Aug 12, 2026
Sky Harbour Group (SKYH) posted Q2 2026 revenue of $9.9M, up roughly 50% year-over-year from $6.6M, on growth in both rental ($7.0M) and fuel ($2.8M) revenue, with the operating loss narrowing to $6.8M from $7.5M. The company swung to a $4.4M quarterly net loss versus prior-year net income of $14.4M, though the prior-year figure was inflated by a $21.8M unrealized warrant gain; six-month net loss was $13.3M. The balance sheet expanded sharply: total assets reached $822.9M after a $150M Series 2026 tax-exempt bond issuance at 6.00% in February and term loan draws that brought total debt principal to $417.3M, while the $200M JPMorgan term loan facility had ~$130.2M still available.
Key figures
- Revenue
- 9855000
- Total Debt
- 417255000
- Revenue Yoy
- 49.6% (Q2: $9.855M vs $6.588M)
- Total Assets
- 822929000
- Cash Position
- 18966000
- Interest Rate
- 6.00% Series 2026 Bonds; Term Loan at SOFR+2.00% (swapped to ~4.73% all-in); Yorkville notes at 7.75%
- Maturity Date
- Series 2026 Bonds mature July 1, 2060 with mandatory tender January 1, 2031; Term Loan Facility September 2030
- Gross Proceeds
- 40000000
- Offering Price
- 10
- Shares Offered
- 4000000
- Shares Outstanding
- 34,570,375 Class A and 42,046,356 Class B as of August 6, 2026
- Warrant strike
- 11.5
- Restricted cash
- 145060000
- Six month revenue
- 18580000
- Atm shares sold q2
- 195112
- Term loan capacity
- 200000000
- Warrant expiration
- 2027-01-25
- Warrants outstanding
- 15798155
- Restricted investments
- 42863000
- Term loan availability
- 130200000
- Q2 prior year net income
- 14356000
- Six month revenue growth
- 52.5%
- Atm weighted avg price q2
- 10.6
- Interest incurred h1 2025
- 3839000
- Interest incurred h1 2026
- 10661000
- Shg ownership of sky units
- 45.1%
- Series 2026 bonds principal
- 150000000
- Six month revenue prior year
- 12180000
- Tenant future minimum lease payments
- 85033000
- Q2 prior year unrealized warrant gain
- 21801000
Price after filing
Close on the filing date to close N calendar days later (from $11.10). Historical, not a forecast.
AI analysis
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