SKYH · NYSE · Real Estate - Development

Sky Harbour Group (SKYH)

Develops hangar campuses and services for based business aircraft across US airports.

$10.18
vs last close+0.14 (+1.34%)
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Sky Harbour Group CorporationSKYH
Real Estate

Develops and leases Home Base Operator campuses for business aircraft, pairing private hangars with dedicated services and fuel. Revenue is US-only, led by hangar rentals, and growth depends on securing airport ground leases, filling campuses, and executing construction.

Builds, leases, and manages Home Base Operator campuses for business aircraft, with private and semi-private hangars, suites, resident services, and fuel. The model serves aircraft based at the campus, not transient traffic, and is reported as one consolidated segment.

Revenue is generated entirely in the United States. Operating campuses span airport markets including Houston, Nashville, Miami, San Jose, Camarillo, Phoenix, Dallas, and Denver, while the broader pipeline adds more U.S. locations.

Execution depends on airport ground leases, campus construction, occupancy, maintenance, and fuel-supply integrity. Competition comes from FBOs and other hangar real-estate operators, and concentrated ownership controls business direction.

Company facts

CEOTal Keinan
ListedJan 26, 2022
ExchangeNYSE
HeadquartersWhite Plains, NY
CountryUnited States
Employees112
CIK0001823587
ISINUS83085C1071

Market cap$768.3M
EPS (ttm)−$0.0513
P/E (ttm)−195.71
ROE0.7%
P/B6.08
P/S22.64
Dividend yieldDiv yield
Beta0.97vs XLRE 0.40

Price target$12.50+24.5%Average of 2 analysts
ConsensusBuy2 of 2 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 18, 2026Roth CapitalReiterate
Rating: Target: $14
Rating: BuyTarget: $12.50
Jul 31, 2026Roth CapitalInitiate
Rating: Target:
Rating: BuyTarget: $14
Nov 20, 2025Freedom BrokerUpgrade
Rating: Hold
Rating: Buy
Oct 27, 2025BTIGTarget
Target:
Target: $13

Next report
Nov 11, 26
in 50 days
EPS estimate
−$0.11
Revenue estimate
$10.5M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$0.10−$0.19−$0.10−$0.06$0.25−$0.16−$0.04Pending
Estimate−$0.11−$0.25−$0.12−$0.10−$0.15−$0.19−$0.14−$0.11
Surprise+9.1%+24.0%+16.7%+40.0%+266.7%+15.8%+71.1%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$5.4M$2.6M$6.6M$7.3M$8.0M$8.7M$9.9MPending
Estimate$4.0M$5.6M$6.4M$7.8M$8.5M$10.0M$9.4M$10.5M
Surprise+33.4%−52.5%+3.6%−6.1%−5.9%−12.4%+4.7%
Estimate−$0.11
ReportedDue Nov 11, 2026
Estimate$10.5M
ReportedDue Nov 11, 2026
View details

Debt to equity481.50%
Current ratio512.70%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$4.1M$4.6M$5.6M$6.6M$7.3M$8.1M$8.7M$9.9M
Net income−$18.6M−$13.5M−$6.4M$17.5M−$1.9M$9.6M−$5.6M−$1.2M
Net margin0.0%0.0%0.0%264.9%0.0%119.4%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$4.9M−$5.4M−$530.0K−$7.5M−$7.7M−$6.0M−$7.0M−$6.8M
YoY growthLoss widenedLoss widenedLoss narrowedLoss widenedLoss widenedLoss widenedLoss widenedLoss narrowed

Balance sheet, Jun 30, 2026Cash & short-term investments $61.8M · Total debt $608.1M · Total assets $822.9M · Shareholders' equity $126.3M

Revenue
$9.9M
Operating income
−$6.8M
Net income
−$1.2M
View details

No dividends on record.

Institutions15.46%11.85M shares
94 holders · as of Jun 30, 2026
Insiders29.97%22.96M shares
9 holders · as of Sep 14, 2026
Strategic holders35.25%27.01M shares
1 holder · as of Aug 13, 2026
Other19.32%14.80M shares
remainder

76.62M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This company has 2 share classes; every stake here is a share of the whole company.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BOSTON OMAHA Corp1Strategic10 percent owner
35.25%18.70M B · 8.31M Afiled Aug 13, 2026
Tal Keinan2Insiderdirector, 10 percent owner, officer: Chief Executive Officer
23.42%269,910 A · 17.94M · 17.94M Bfiled Feb 4, 2022
Alexander Buffett RozekInsiderdirector
5.22%602,551 A · 3.40M Bfiled Apr 9, 2026
Raga Partners LPInstitution
3.92%3.00Mfiled Jun 4, 2026
BlackRock, Inc.Institution
2.99%2.29M Aas of Jun 30, 2026
  1. BOSTON OMAHA Corp's transaction reports restate only vehicles that traded; the 2026 ownership statement (18.70M) is used instead.
  2. The filed share classes (A, COMMON, B) could not be matched to the company's, so no percentage.

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 11, 2026Francisco Gonzalezofficer: Chief Financial Officer+1,000$10.08
Aug 18, 2026Francisco Gonzalezofficer: Chief Financial Officer+1,000$10.05
Aug 14, 2026Andrew J. Gessowdirector+5,000$10.85
Aug 11, 2026BOSTON OMAHA Corp10 percent owner−360,000$10.00
May 20, 2026Andrew J. Gessowdirector+5,000$8.95
View details

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