Stonegate Capital Partners Updates Coverage on Sky Harbour Group Corporation (SKYH) Q2 2025

Rhea-AI Summary

Sky Harbour Group (NYSE:SKYH) demonstrated strong operational progress in Q2 2025, marked by significant expansion and financial growth. The company reported an 82% year-over-year revenue increase and an 18% sequential growth. Operating cash use improved to $0.9M from $5M in Q1, with robust liquidity of ~$75M.

SKYH expanded operations by opening new campuses at Dallas Addison (ADS) and Seattle Boeing Field (BFI), with Denver Centennial (APA) preparations for early Q3. The company's portfolio now includes nine operational campuses, one nearing completion, and thirteen in pre-development. SKYH is pursuing a $200M five-year tax-exempt bank construction facility to fund 5-6 new airport projects.

Positive

• Revenue growth of 82% year-over-year and 18% quarter-over-quarter
• Improved operating cash use from $5M to $0.9M quarter-over-quarter
• Strong liquidity position of ~$75M
• Successful expansion with two new operational campuses and one nearing completion
• Pursuing $200M construction facility for further expansion

Negative

• Still operating with negative cash flow, though improving

News Market Reaction – SKYH

+1.42% 1.7x vol

2 alerts

+1.42% News Effect

+5.1% Peak Tracked

-2.1% Trough Tracked

+$12M Valuation Impact

$831M Market Cap

1.7x Rel. Volume

On the day this news was published, SKYH gained 1.42%, reflecting a mild positive market reaction. Argus tracked a peak move of +5.1% during that session. Argus tracked a trough of -2.1% from its starting point during tracking. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $12M to the company's valuation, bringing the market cap to $831M at that time. Trading volume was above average at 1.7x the daily average, suggesting increased trading activity.

Data tracked by StockTitan Argus on the day of publication.

Dallas, Texas--(Newsfile Corp. - August 13, 2025) - Sky Harbour Group Corp. (NYSE: SKYH): Stonegate Capital Partners updates their coverage on Sky Harbour Group Corp. (NYSE: SKYH). Sky Harbour maintained strong operational momentum in 2Q25, underpinned by campus openings, leasing activity, and construction progress across its growing nationwide network. During the quarter, the Company commenced operations at Dallas Addison (ADS) and Seattle Boeing Field (BFI) and prepared for the start of resident flight operations at Denver Centennial (APA) in early 3Q25. Miami Opa-Locka (OPF) Phase 2 broke ground in Q2, with completion targeted for 2Q26. The Company also advanced pre-development at multiple Tier 1 airport sites, including Dulles (IAD), Bradley International (BDL), and Portland-Hillsboro (HIO), and initiated a successful pilot program to pre-lease hangars at airports not yet under construction, securing early commitments at BDL and IAD. As of quarter-end, the portfolio included nine operational campuses, one nearing completion, and thirteen in various pre-development stages.

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

• Second quarter revenue rose 82% y/y and 18% sequentially, with net operating cash use improving to $0.9M from $5M in Q1, supported by robust liquidity of ~$75M.
• First leases executed at new Denver, Dallas, and Phoenix campuses; pre-leasing underway at BDL and IAD with above-target rates; nine airports now in active operations
• Company pursuing a $200M five-year tax-exempt bank construction facility to fund 5-6 new airport projects, targeting breakeven run-rate operating cash flow by year-end.

Click image above to view full announcement.

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About Stonegate
Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking services for public and private companies.

Contacts:

Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com

Source: Stonegate, Inc.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/262418

FAQ

What was Sky Harbour Group's (SKYH) revenue growth in Q2 2025?

Sky Harbour Group reported 82% year-over-year revenue growth and 18% sequential growth in Q2 2025.

How many operational campuses does Sky Harbour (SKYH) currently have?

Sky Harbour currently operates nine operational campuses, with one nearing completion and thirteen in various pre-development stages.

What is Sky Harbour's (SKYH) current liquidity position?

Sky Harbour maintains a robust liquidity position of approximately $75 million as of Q2 2025.

What new financing is Sky Harbour (SKYH) pursuing?

Sky Harbour is pursuing a $200 million five-year tax-exempt bank construction facility to fund 5-6 new airport projects.

Which new campuses did Sky Harbour (SKYH) open in Q2 2025?

Sky Harbour opened new campuses at Dallas Addison (ADS) and Seattle Boeing Field (BFI), with Denver Centennial (APA) prepared for early Q3 2025 operations.