New Horizon Aircraft (HOVR) Research & Development (2023 - 2026)
New Horizon Aircraft's Research & Development was $5.3 million in fiscal Q1 2027 (quarter ended Aug 31, 2026), up 167.3% from $1.98 million a year earlier and up 100.2% from the prior quarter.
New Horizon Aircraft (HOVR) Research & Development (2023 - 2026) Analysis & Trends
On a trailing twelve-month basis, New Horizon Aircraft's Research & Development was $12.93 million through Aug 31, 2026, up 195.6% year-over-year; for FY2026 (ended May 31, 2026), it was $9.61 million, up 266.1% from FY2025.
- Research & Development has now increased for three consecutive fiscal years, with a three-year compound annual growth rate of 168.1% (FY2023 to FY2026).
- In earlier fiscal years, Research & Development was $2.62 million in FY2025 (+302.9%), $651,353 in FY2024 (+30.7%) and $498,455 in FY2023.
- The fiscal Q1 2027 figure marks the highest quarterly Research & Development in data going back to fiscal Q1 2024.
- Compared with a year earlier, Research & Development has increased for nine straight quarters, with growth averaging 433.8% over the last eight quarters.
- Across the past five years, year-over-year growth in Research & Development ran from 49.4% in fiscal Q4 2026 to 905.4% in fiscal Q3 2026.
- Per Business Quant data, HOVR's Research & Development in the three fiscal quarters before Q1 2027 was $2.65 million (Q4 2026), $3.11 million (Q3 2026) and $1.87 million (Q2 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 305.96 Bn | 264.47 Bn | 5.02 Bn | 458.00 Mn |
| 2 | Rtx | 258.78 Bn | 227.05 Bn | 5.81 Bn | 711.00 Mn |
| 3 | Boeing | 152.08 Bn | 58.77 Bn | 2.41 Bn | 921.00 Mn |
| 4 | Lockheed Martin | 127.01 Bn | 113.73 Bn | 2.45 Bn | - |
| 5 | General Dynamics | 93.41 Bn | 80.52 Bn | 2.18 Bn | - |
| 6 | Howmet Aerospace | 83.06 Bn | 78.66 Bn | 951.00 Mn | 8.00 Mn |
| 7 | Motorola Solutions | 77.59 Bn | 73.94 Bn | 1.68 Bn | 260.00 Mn |
| 8 | Northrop Grumman | 76.72 Bn | 64.17 Bn | 2.35 Bn | - |
| 9 | Honeywell International | 68.15 Bn | 20.27 Bn | 3.65 Bn | 524.00 Mn |
| 10 | New Horizon Aircraft | 88.94 Mn | -49.93 Mn | - | 5.30 Mn |
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 5.30 Mn |
| May 31, 2026 | 2.65 Mn |
| Feb 28, 2026 | 3.11 Mn |
| Nov 30, 2025 | 1.87 Mn |
| Aug 31, 2025 | 1.98 Mn |
| May 31, 2025 | 1.77 Mn |
| Feb 28, 2025 | 309,765.25 |
| Nov 30, 2024 | 310,701.80 |
| Aug 31, 2024 | 216,905.75 |
| May 31, 2024 | 179,821.82 |
| Feb 29, 2024 | 200,853.56 |
| Nov 30, 2023 | 160,447.29 |
| Aug 31, 2023 | 108,745.48 |
New Horizon Aircraft Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=HOVR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "HOVR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=HOVR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();