Filing Flows › Sky Harbour Group (SKYH) › Q2 2025
Sky Harbour Group (SKYH) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 12, 2025
Sky Harbour Group (SKYH) reported revenue of $6.6M for the second quarter 2025 (Q2 2025), +82% from a year earlier and +18% from the quarter before. Operating margin was -114.3%, net earnings $14.4M (217.9% of revenue).
Sky Harbour Group, Q2 2025: revenue $6.6M (+82% year over year), operating margin -114.3%, net earnings $14.4M, operating cash flow −$944K. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.6M | +18% | +82% |
| Operating profit | −$7.5M | — | — |
| Net earnings | $14.4M | — | — |
| Operating cash flow | −$944K | — | — |
What changed
Revenue was $6.6M in Q2 2025, up 82% year over year and up 18% from the previous quarter.
Operating costs exceeded revenue by $7.5M, an operating margin of -114.3%. Total costs grew 65% against revenue growth of 82%. The fastest-growing cost line was Other operating costs (+68%). Net earnings were $17.5M, up 203% year over year ($14.4M including minority interests, which bore $3.1M of losses). The effective tax rate was 0.0%. Non-operating items added $21.9M, 152% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$944K. Non-cash charges added back $1.5M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items used $18.2M. Capital expenditures of $2.7M exceeded it, leaving free cash flow of −$3.7M.
Questions
What was Sky Harbour Group's revenue in the second quarter 2025?
Sky Harbour Group (SKYH) reported revenue of $6.6M for the second quarter 2025 (Q2 2025), +82% from a year earlier and +18% from the quarter before.
Was Sky Harbour Group profitable in the second quarter 2025?
Operating loss was $7.5M (-114.3% of revenue) and net earnings $14.4M.
Source: Sky Harbour Group 10-Q on SEC EDGAR.