Sky Harbour Group
Develops hangar campuses and services for based business aircraft across US airports.
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Profile
Develops and leases Home Base Operator campuses for business aircraft, pairing private hangars with dedicated services and fuel. Revenue is US-only, led by hangar rentals, and growth depends on securing airport ground leases, filling campuses, and executing construction.
Builds, leases, and manages Home Base Operator campuses for business aircraft, with private and semi-private hangars, suites, resident services, and fuel. The model serves aircraft based at the campus, not transient traffic, and is reported as one consolidated segment.
Revenue is generated entirely in the United States. Operating campuses span airport markets including Houston, Nashville, Miami, San Jose, Camarillo, Phoenix, Dallas, and Denver, while the broader pipeline adds more U.S. locations.
Execution depends on airport ground leases, campus construction, occupancy, maintenance, and fuel-supply integrity. Competition comes from FBOs and other hangar real-estate operators, and concentrated ownership controls business direction.
Company facts
Key statistics
Year to date +18.6% · Average volume (30d) 177.4K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 18, 2026 | Roth Capital | Reiterate | Buy | $14 | $12.50 | |
| Jul 31, 2026 | Roth Capital | Initiate | Buy | $14 | ||
| Nov 20, 2025 | Freedom Broker | Upgrade | Hold | Buy | ||
| Oct 27, 2025 | BTIG | Target | $13 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 12, 2026Q2 FY26 | −$0.14 | −$0.04 | +71.1% | $9.4M | $9.9M | +4.7% | −4.26% |
| May 14, 2026Q1 FY26 | −$0.19 | −$0.16 | +15.8% | $10.0M | $8.7M | −12.4% | −8.35% |
| Mar 19, 2026Q4 FY25 | −$0.15 | $0.25 | +266.7% | $8.5M | $8.0M | −5.9% | −0.21% |
| Nov 12, 2025Q3 FY25 | −$0.10 | −$0.06 | +40.0% | $8.7M | $7.3M | −16.1% | −1.32% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $5.6M | $6.6M | $7.3M | $8.1M | $8.7M | $9.9M | |
| Gross profit | $1.4M | $2.1M | −$785.0K | $7.1M | −$923.0K | −$367.0K | |
| Operating income | −$530.0K | −$7.5M | −$7.7M | −$6.0M | −$7.0M | −$6.8M | |
| Net income | −$6.4M | $17.5M | −$1.9M | $9.6M | −$5.6M | −$1.2M | |
| Diluted EPS | −$0.19 | $0.52 | −$0.06 | $0.20 | −$0.16 | −$0.04 | |
| Gross margin | 24.2% | 31.8% | -10.8% | 88.0% | -10.6% | -3.7% | |
| Operating margin | -9.5% | -114.3% | -105.2% | -74.4% | -79.9% | -68.7% |
Fiscal years (4-quarter sums)FY21 $1.6M · FY22 $1.8M · FY23 $7.6M · FY24 $14.8M · FY25 $27.5M
Balance sheet, Jun 30, 2026Cash & short-term investments $61.8M · Total debt $608.1M · Total assets $822.9M · Shareholders' equity $126.3M
Dividends
No dividends on record.
Ownership
Shares outstanding 76.53M · Float 19.30M · 25.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BOSTON OMAHA Corp · 10 percent owner | 8.31M | 10.85% | Form 4 | Aug 13, 2026 |
| Raga Partners LP | 3.00M | 8.70% | 13G | Jun 4, 2026 |
| BlackRock, Inc. | 2.13M | 2.78% | 13F | May 13, 2026 |
| Caprock Group, LLC | 1.35M | 1.77% | 13F | May 11, 2026 |
| Vanguard Capital Management LLC | 927.8K | 1.21% | 13F | May 15, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 18, 2026 | Francisco Gonzalez | officer: Chief Financial Officer | +1,000 | $10.05 |
| Aug 14, 2026 | Andrew J. Gessow | director | +5,000 | $10.85 |
| Aug 11, 2026 | BOSTON OMAHA Corp | 10 percent owner | −360,000 | $10.00 |
| May 20, 2026 | Andrew J. Gessow | director | +5,000 | $8.95 |
| May 18, 2026 | Tal Keinan | director, 10 percent owner, officer: Chief Executive Officer | +100 | $8.76 |
Peers
- General Dynamics
Global FBO, hangarage, and aircraft services network
- Textron
Cessna and Beechcraft service network for business-aircraft owners
- Corporación América Airports
Airport-concession operator with hangar services and space rentals
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Sky Harbour Group | $10.53 | −0.38% | $808.9M | — | — | 23.8 | +50.0% |
| General Dynamics | $376.45 | −0.75% | $102.63B | 23.1 | 21.7 | 1.9 | +8.1% |
| Textron | $83.04 | +0.01% | $14.28B | 15.7 | 12.5 | 0.9 | +8.5% |
| Corporación América Airports | $24.01 | −0.54% | $3.93B | 14.2 | 8.7 | 2.0 | +12.0% |
| Median | 15.7 | 12.5 | 1.9 | +8.5% |





