Filing Flows › Sky Harbour Group (SKYH) › Q1 2025
Sky Harbour Group (SKYH) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 13, 2025
Sky Harbour Group (SKYH) reported revenue of $5.6M for the first quarter 2025 (Q1 2025), +133% from a year earlier and +20% from the quarter before. Operating margin was -122.0%, net loss $9.1M (163.2% of revenue).
Sky Harbour Group, Q1 2025: revenue $5.6M (+133% year over year), operating margin -122.0%, net loss $9.1M, operating cash flow −$5.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.6M | +20% | +133% |
| Operating profit | −$6.8M | — | — |
| Net earnings | −$9.1M | — | — |
| Operating cash flow | −$5.0M | — | — |
What changed
Revenue was $5.6M in Q1 2025, up 133% year over year and up 20% from the previous quarter.
Operating costs exceeded revenue by $6.8M, an operating margin of -122.0%. Total costs grew 63% against revenue growth of 133%. The fastest-growing cost line was Other operating costs (+72%). The quarter ended with a net loss of $9.1M, narrower than the previous quarter's $15.9M loss. Minority interests bore $2.8M of it: to shareholders the quarter was a loss of $6.4M.
Operating cash flow was −$5.0M. Non-cash charges added back $1.1M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items added $1.7M. Capital expenditures of $3.5M exceeded it, leaving free cash flow of −$8.5M.
Questions
What was Sky Harbour Group's revenue in the first quarter 2025?
Sky Harbour Group (SKYH) reported revenue of $5.6M for the first quarter 2025 (Q1 2025), +133% from a year earlier and +20% from the quarter before.
Was Sky Harbour Group profitable in the first quarter 2025?
Operating loss was $6.8M (-122.0% of revenue) and net loss $9.1M.
Source: Sky Harbour Group 10-Q on SEC EDGAR.