Sky Harbour Group Corporation filed its Form 10-Q for the quarterly period ended June 30, 2026, with the U.S. Securities and Exchange Commission on August 12, 2026, disclosing financial results, balance sheet data, and equity activity for the three and six months ended June 30, 2026.

Key Highlights

  • Total revenue of $9.855 million for the three months ended June 30, 2026, compared to $6.588 million for the same period in 2025, according to the filing.
  • Net loss of $4.368 million for Q2 2026, versus net income of $14.356 million in Q2 2025, with the prior-year result driven by a large unrealized gain on warrants.
  • Total assets reached $822.929 million as of June 30, 2026, up from $593.176 million at December 31, 2025.
  • Bonds payable, net of debt issuance costs and premiums, totaled $309.767 million at June 30, 2026, compared to $162.815 million at December 31, 2025.
  • Accumulated deficit of $52.589 million as of June 30, 2026, versus $45.774 million at December 31, 2025.
  • 34,570,375 shares of Class A common stock and 42,046,356 shares of Class B common stock were issued and outstanding as of August 6, 2026.
  • Restricted cash of $145.060 million as of June 30, 2026, up from $16.306 million at December 31, 2025.

Sky Harbour Group Q2 2026: Revenue Growth Accompanied by Expanded Debt and Asset Base

According to the filing, Sky Harbour Group Corporation (NYSE:SKYH) reported total revenue of $9.855 million for the three months ended June 30, 2026, composed of $7.030 million in rental revenue and $2.825 million in fuel revenue. For the six months ended June 30, 2026, the company disclosed total revenue of $18.580 million, up from $12.180 million in the comparable prior-year period. Total expenses for the second quarter were $16.623 million, resulting in an operating loss of $6.768 million, compared to an operating loss of $7.528 million in Q2 2025.

The filing reported a net loss of $4.368 million for Q2 2026, compared to net income of $14.356 million in Q2 2025. The company attributed a significant portion of the prior-year income to an unrealized gain on warrants of $21.801 million in Q2 2025, versus $3.792 million in Q2 2026. Net loss attributable to Sky Harbour Group Corporation shareholders was $1.237 million for Q2 2026, or $(0.04) per basic and diluted share. For the six months ended June 30, 2026, the net loss attributable to shareholders was $6.816 million, or $(0.20) per basic and diluted share.

On the balance sheet, the company disclosed that total assets grew to $822.929 million as of June 30, 2026, from $593.176 million at December 31, 2025. Constructed assets, net, stood at $309.154 million, and cost of construction reached $84.163 million. Bonds payable, net of debt issuance costs and premiums, increased to $309.767 million from $162.815 million at year-end 2025. Total equity declined to $163.990 million from $171.966 million at December 31, 2025, reflecting the net loss for the period. During the quarter, the company raised $2.019 million through issuance of stock via its ATM Facility, net of equity issuance costs, the filing stated.

What Was Disclosed

Sky Harbour Group Corporation disclosed unaudited financial statements for Q2 2026, showing increased revenue, continued operating losses, significant expansion of its bond obligations and restricted cash position, and a larger total asset base compared to year-end 2025.