Sky Harbour Group Reports Record Revenue, Shifts to Institutional Funding in Q4 Earnings Call

Sky Harbour Group reported record revenue of $27.5 million in 2025, up 87% YoY, and consolidated cash flow from operations turned positive for the first time. The company's development pipeline accelerated, with assets under construction and completed reaching $328 million and 750,000 rentable square feet. Sky Harbour also shifted its capital strategy towards institutional funding, closing a $150 million tax-exempt bond and a $200 million JPMorgan drawdown facility. Management plans to improve operating efficiency in 2026.