Sky Harbour FY2025 revenue up 87%, reaches operating cash flow breakeven, secures $350M in new funding

Sky Harbour Group Corp

FY2025 consolidated revenue increased 87% YoY; net cash used in operations improved to $2.3M from $9.1M, meeting breakeven guidance.
Added 9 new ground leases in 2025 for total 23; fully developed portfolio expected ~4M rentable sq ft.
Completed $200M J.P. Morgan facility (drawn $17.9M) and $150M private activity bonds at 6.00%, funding over 2.1M rentable sq ft.
Occupancy near 100% on older campuses; newer campuses DVT 77%, ADS 84%, APA 35% as of March 16, 2026.
Constructed assets/in-construction exceeded $328M; consolidated cash and Treasuries $48M plus $200M facility availability.

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