Stonegate Capital Partners Updates Coverage on Sky Harbour Group Corporation (SKYH) Q3 2025
Rhea-AI Summary
Sky Harbour Group (NYSE: SKYH) reported continued operational scaling in 3Q25, with resident flight operations active at nine campuses and additional Tier 1 locations progressing through development and pre-leasing.
Key financials: Revenue $7.3M (up 78% year-over-year, +11% sequential), split into $5.7M rental and $1.6M fuel. Constructed assets and construction-in-progress exceeded $308.0M at quarter-end. Liquidity totaled approximately $48M in cash, restricted cash and Treasuries, and a new $200M warehouse facility (expandable to $300M) remained undrawn. Management signed a JV letter of intent for an SH34 hangar at OPF Phase 2 to add flexible, lower-cost funding for growth.
Positive
- Revenue +78% year-over-year to $7.3M
- Constructed assets and CIP > $308.0M at quarter-end
- Nine campuses conducting resident flight operations
- Undrawn $200M warehouse facility, expandable to $300M
Negative
- Liquidity ~$48M in cash, restricted cash and Treasuries
- Over $308.0M in construction-in-progress implies large capital commitments
News Market Reaction
On the day this news was published, SKYH declined 1.54%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Dallas, Texas--(Newsfile Corp. - November 13, 2025) - Sky Harbour Group Corp. (NYSE: SKYH): Stonegate Capital Partners updates their coverage on Sky Harbour Group Corp. (NYSE: SKYH). Sky Harbour sustained solid momentum in 3Q25 as it continued to scale and transition from development to cash-generating operations. The Company is now conducting resident flight operations at nine campuses, including fully operational sites at Sugar Land (SGR), Nashville (BNA), Miami Opa-Locka (OPF), San Jose (SJC), Camarillo (CMA), Phoenix Deer Valley (DVT), Dallas Addison (ADS), Seattle Boeing Field (BFI), and Denver Centennial (APA), while additional Tier 1 locations such as Bradley (BDL), Dulles (IAD), Orlando Executive (ORL), Salt Lake City (SLC), Portland-Hillsboro (HIO), and Long Beach (LGB) advance through development and pre-leasing. Constructed assets and construction in progress increased to more than
To view the full announcement, including downloadable images, bios, and more, click here.
Key Takeaways:
- Revenue was
$7.3M up78% y/y and11% sequentially, with$5.7M rental and$1.6M fuel as 9 campuses ramped. - Constructed assets and construction in progress topped
$308M as ADS became fully operational and APA began resident flight operations supporting lease up. - At 3Q25 end, liquidity was ~
$48M in cash restricted cash and Treasuries and the new$200M warehouse facility expandable to$300M remained undrawn.
Click image above to view full announcement.
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/274441
FAQ
What were Sky Harbour (SKYH) revenues in Q3 2025?
How much of SKYH's Q3 2025 revenue was rental versus fuel?
Which Sky Harbour campuses had resident flight operations in 3Q25?
What is Sky Harbour's construction and asset base at 3Q25?
How much liquidity did Sky Harbour report at the end of 3Q25?
Does Sky Harbour have available financing capacity as of 3Q25?
