Filing Flows › Sky Harbour Group (SKYH) › Q4 2024
Sky Harbour Group (SKYH) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 27, 2025
Sky Harbour Group (SKYH) reported revenue of $4.6M for the fourth quarter 2024 (Q4 2024), +107% from a year earlier and +13% from the quarter before. Operating margin was -115.6%, net loss $15.9M (343.6% of revenue).
Sky Harbour Group, Q4 2024: revenue $4.6M (+107% year over year), operating margin -115.6%, net loss $15.9M, operating cash flow −$2.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.6M | +13% | +107% |
| Operating profit | −$5.4M | — | — |
| Net earnings | −$15.9M | — | — |
| Operating cash flow | −$2.5M | — | — |
What changed
Revenue was $4.6M in Q4 2024, up 107% year over year and up 13% from the previous quarter.
Operating costs exceeded revenue by $5.4M, an operating margin of -115.6%. Total costs grew 45% against revenue growth of 107%. The quarter ended with a net loss of $15.9M, narrower than the previous quarter's $20.7M loss. Minority interests bore $2.4M of it: to shareholders the quarter was a loss of $13.5M. Net interest and other expense of $10.6M was the main reason.
Operating cash flow was −$2.5M. Non-cash charges added back $789K of depreciation and amortization and $905K of share-based compensation. Working capital and other items added $11.8M. Capital expenditures of $935K exceeded it, leaving free cash flow of −$3.4M.
Questions
What was Sky Harbour Group's revenue in the fourth quarter 2024?
Sky Harbour Group (SKYH) reported revenue of $4.6M for the fourth quarter 2024 (Q4 2024), +107% from a year earlier and +13% from the quarter before.
Was Sky Harbour Group profitable in the fourth quarter 2024?
Operating loss was $5.4M (-115.6% of revenue) and net loss $15.9M.
Source: Sky Harbour Group 10-K on SEC EDGAR.