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Sky Harbour Group cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$317K in Q2 2026 · −$5.5M over twelve months

Operating cash flow$485K
Capital spending−$802K
Free cash flow−$317K

Analysis

In Q2 2026, Sky Harbour Group generated $485K of operating cash flow and spent $802K on capital projects, leaving free cash flow of −$317K. That is $3.4M more than in Q2 2025 (−$3.7M).

Over the twelve months to Jun 30, 2026, operating cash flow was $225K; the largest uses were other investing ($97.8M), capital spending ($5.7M), taxes on employees’ shares ($1.6M); besides operations, cash came from other financing ($237M), asset & business sales ($10K); the cash balance rose by $132M.

Operating cash flow was $485K against net income of −$4.4M. The largest differences: depreciation & amortization +$2.1M, stock-based pay +$1.8M, payables +$1.6M.

Free cash flow

Sky Harbour Group: free cash flow by quarterSky Harbour Group: free cash flow by quarter−$1.8MQ3 2024−$3.4MQ4 2024−$8.5MQ1 2025−$3.7MQ2 2025−$2.4MQ3 2025$2.7MQ4 2025−$5.5MQ1 2026−$317KQ2 2026
Operating cash flow less capital spending.
Sky Harbour Group: operating cash flow against capital spendingSky Harbour Group: operating cash flow against capital spendingOperating cash flowCapital spending−$1.2M$639KQ3 2024−$2.5M$935KQ4 2024−$5.0M$3.5MQ1 2025−$944K$2.7MQ2 2025−$906K$1.5MQ3 2025$4.6M$1.8MQ4 2025−$3.9M$1.6MQ1 2026$485K$802KQ2 2026
Latest (Q2 2026): Operating cash flow $485K, Capital spending $802K.

Capital allocation, year by year

Sky Harbour Group: where the cash came from (up) and went (down), by fiscal yearSky Harbour Group: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingFY2021: Operating cash flow −$6.6MFY2021: Net borrowing −$12.8MFY2021: Capital spending −$162KFY2021FY2022: Operating cash flow −$27.5MFY2022: Capital spending −$1.1MFY2022FY2023: Operating cash flow −$7.7MFY2023: Net borrowing −$1.8MFY2023: Capital spending −$767KFY2023FY2024: Operating cash flow −$9.1MFY2024: Net borrowing −$1.8MFY2024: Asset sales $11KFY2024: Capital spending −$2.3M$11KFY2024FY2025: Operating cash flow −$2.3MFY2025: Net borrowing −$31KFY2025: Asset sales $563KFY2025: Capital spending −$9.5M$563KFY2025
Over these 5 years operating cash flow totalled −$53.3M; the largest uses were operating cash flow ($53.3M) and net borrowing ($16.4M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$19.0M
Debt$187M
Net debt$168M
Due within a year$7.6M

Sky Harbour Group's operations bring cash in ($225K over twelve months), and it spends more than that on capital projects: a gap of $5.5M funded from its $19.0M of cash and investments and from borrowing ($187M of debt, $7.6M due within a year). That is a choice to invest, not a cash runway running down.

Sky Harbour Group: debt maturities by year (FY2025)Sky Harbour Group: debt maturities by year (FY2025)$7.6MYear 1$7.6MYear 2$98KYear 3$105KYear 4$113KYear 5$172MAfter year 5
Principal due in each year as disclosed in the annual report, against $19.0M of cash and investments now.

Where the cash came from and went

Sky Harbour Group: sources (+) and uses (−) of cash, Q2 2026Sky Harbour Group: sources (+) and uses (−) of cash, Q2 2026Cash drawn (+) / kept (−)−$82.9MOther financing$51.8MOther investing$31.7MCapital spending−$802KOperating cash flow$485KTaxes on employees’ shares−$227KNet borrowing (+) / repaid (−)−$14K
Sky Harbour Group: sources (+) and uses (−) of cash, TTM to Q2 2026Sky Harbour Group: sources (+) and uses (−) of cash, TTM to Q2 2026Other financing$237MCash drawn (+) / kept (−)−$132MOther investing−$97.8MCapital spending−$5.7MTaxes on employees’ shares−$1.6MOperating cash flow$225KNet borrowing (+) / repaid (−)−$49KAsset & business sales$10K

From profit to cash

Sky Harbour Group: net income to operating cash flow, Q2 2026Sky Harbour Group: net income to operating cash flow, Q2 2026Net income−$4.4MDepreciation & amortization$2.1MStock-based pay$1.8MGains on disposals$85KReceivables$382KPayables$1.6MOperating cash flow$485K
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q2 2026$485K−$802K−$14K−$82.9M−$317K
Q1 2026−$3.9M−$1.6M−$15K−$44.1M−$5.5M
Q4 2025$4.6M−$1.8M−$15K−$551K$2.7M
Q3 2025−$906K−$1.5M−$5K−$4.4M−$2.4M
Q2 2025−$944K−$2.7M−$6K$51.5M−$3.7M
Q1 2025−$5.0M−$3.5M−$5K$10.7M−$8.5M
Q4 2024−$2.5M−$935K−$5K−$20.2M−$3.4M
Q3 2024−$1.2M−$639K−$7K$48.1M−$1.8M

Sky Harbour Group: income statement and cash flow

Sky Harbour Group, Q2 2026: revenue $9.9M (+50% year over year), operating margin -68.7%. The chart follows the revenue to costs, profit and cash.

Sky Harbour Group: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.