Sky Harbour Group Corporation announced its audited financial results for the year ended December 31, 2025, reporting record Q4 and full-year performance including 87% consolidated revenue growth, operating cash flow breakeven achievement, and meeting nine additional site acquisition targets for a total of 23 ground leases. The company highlighted strong liquidity, recent financings, and funding to develop over 2.1 million rentable square feet of hangar space.
Key takeaways
2025 full-year consolidated revenues increased 87% compared to 2024.
Consolidated net cash used in operating activities was $2.3 million in 2025 versus $9.1 million in 2024.
Obligated Group net cash provided by operating activities reached $15.7 million in 2025 versus $6.5 million in 2024.
Met 2025 guidance for operating cash flow breakeven and nine additional ground leases, totaling 23 airport ground leases.
Consolidated cash and U.S. Treasuries totaled $48 million with $200 million facility availability as of December 31, 2025.
Closed $150 million 2026 Series Bonds on February 12, 2026 at 6.00% fixed rate; $200 million J.P. Morgan facility completed September 2025 with $17.9 million drawn as of March 15, 2026.