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Sky Harbour Group — Q3 2026 Earnings Summary

  • Consolidated Q3 2026 revenues rose 45% year-over-year and 7% quarter-over-quarter, while the Obligated Group saw revenue increases of 87% year-over-year and 13% quarter-over-quarter.
  • Year-end 2026 revenue guidance was raised to $44–48 million, though Adjusted EBITDA guidance was lowered to $0–4 million due to costs associated with the upcoming BDL campus opening and delays to ADS Phase 2.
  • Constructed assets and construction in progress reached $439 million, with significant pre-leasing activity including 132% economic occupancy at SJC Phase 1 and 92% occupancy at Miami–Opa Locka.
  • Strategic expansion continues with the approval of new ground leases at Van Nuys (25 acres) and Dulles (15 acres), alongside a $38+ million third-party services contract for two hangar campuses.
  • The company maintains strong liquidity with $199.4 million in cash and Treasuries, and debt service coverage tests exceeded all applicable covenant ratios as of September 30, 2026.
Company
SKY HARBOUR GROUP CORP
Sector
Real Estate
Industry
Real Estate - Development