Sky Harbour Group Corporation (NYSE: SKYH) announced financial results for fiscal year 2025, reporting consolidated revenue of $27.5 million, an 87% increase year-over-year. The growth was driven by a full year of contribution from CMA, increased occupancy at BNA, OPF, and SJC, and the commencement of operations at DVT, ADS, and APA during 2025. Rental revenue reached $21.6 million, while fuel revenue contributed $6.0 million.
Management provided updates on leasing activity across key campuses. Phoenix and Dallas are progressing somewhat faster than expected, while Denver was slower initially but is now improving. The company noted that early lease-up activity often includes short-term leases at lower rates to drive occupancy before transitioning tenants to longer-term leases at target pricing. For future campuses, management highlighted an active pre-leasing strategy, particularly at Bradley, where pre-leasing rents are running above existing campus averages due to long-term leases signed.
Development continues aggressively, with over $328 million invested and funding secured for the next six projects, totaling more than 1.0 million rentable square feet. Profitability improved meaningfully, with a gross profit margin of 7.6% and adjusted EBITDA reaching run-rate breakeven in December 2025. The company's strategic focus on expanding its network of home-base hangar campuses for business aviation positions it to capture growing demand.
The full announcement, including downloadable images and additional details, can be accessed here. Stonegate Capital Partners, a leading capital markets advisory firm, provided the update as part of its ongoing coverage. Stonegate Capital Markets (member FINRA) offers investment banking and capital raising services for public and private companies.
