Sky Harbour (SKYH-WT) Operating Expenses (2020 - 2025)
Sky Harbour (SKYH-WT) recorded quarterly Operating Expenses of $14.1 million in Q4 2025, down 6.19% quarter-over-quarter from $15.0 million in Q3 2025, and up 40.4% on a YoY basis from $10.0 million in Q4 2024.
Sky Harbour (SKYH-WT) Operating Expenses (2020 - 2025) Analysis & Trends
Sky Harbour's Operating Expenses history runs 6 years deep, the most recent figure standing at $14.1 million for Q4 2025.
- In Q4 2025, Operating Expenses rose 40.4% year-over-year to $14.1 million; the TTM figure through Dec 2025 stood at $55.6 million (up 57.97% YoY), while the FY2025 annual figure was $55.6 million, up 57.97% from the prior year.
- Operating Expenses was $14.1 million for Q4 2025 at Sky Harbour, down from $15.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $15.0 million in Q3 2025 to a low of $1.7 million in Q1 2021.
- Historically, Operating Expenses has averaged $7.5 million across 5 years, with a median of $6.0 million in 2022.
- The sharpest annual moves came in 2021 and 2022: Operating Expenses jumped 166199.36% in 2021, then decreased 25.16% in 2022.
- A 5-year view of Operating Expenses shows it stood at $5.6 million in 2021, then declined by 25.16% to $4.2 million in 2022, then soared by 63.53% to $6.9 million in 2023, then surged by 45.05% to $10.0 million in 2024, then jumped by 40.4% to $14.1 million in 2025.
- The last three Operating Expenses figures came in at $14.1 million (Q4 2025), $15.0 million (Q3 2025), and $14.1 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vesta Real Estate Corporation, S.A.B. de C.V | 19.65 Bn | 19.45 Bn | - | -9.80 Mn |
| 2 | Howard Hughes Holdings | 3.99 Bn | 2.22 Bn | 182.88 Mn | 185.37 Mn |
| 3 | Century Communities | 1.70 Bn | 1.62 Bn | 637.90 Mn | 22.22 Mn |
| 4 | Forestar | 1.48 Bn | 1.12 Bn | 80.20 Mn | 37.90 Mn |
| 5 | Five Point Holdings | 361.15 Mn | 1.49 Bn | 13.58 Mn | 23.22 Mn |
| 6 | Sky Harbour | 317.31 Mn | 324.50 Mn | 7.09 Mn | 14.05 Mn |
| 7 | Belpointe PREP | 180.46 Mn | 161.50 Mn | - | 15.16 Mn |
| 8 | Amrep | 138.84 Mn | 88.35 Mn | 14.23 Mn | 11.57 Mn |
| 9 | Smith Douglas Homes | 121.76 Mn | 447.61 Mn | 40.45 Mn | 35.91 Mn |
| 10 | Sky Harbour | - | - | 7.09 Mn | 14.05 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 14.05 Mn |
| Sep 30, 2025 | 14.98 Mn |
| Jun 30, 2025 | 14.12 Mn |
| Mar 31, 2025 | 12.42 Mn |
| Dec 31, 2024 | 10.01 Mn |
| Sep 30, 2024 | 8.96 Mn |
| Jun 30, 2024 | 8.58 Mn |
| Mar 31, 2024 | 7.63 Mn |
| Dec 31, 2023 | 6.90 Mn |
| Sep 30, 2023 | 5.90 Mn |
| Jun 30, 2023 | 5.97 Mn |
| Mar 31, 2023 | 5.79 Mn |
| Dec 31, 2022 | 4.22 Mn |
| Sep 30, 2022 | 4.98 Mn |
| Jun 30, 2022 | 5.54 Mn |
| Mar 31, 2022 | 5.97 Mn |
| Dec 31, 2021 | 5.64 Mn |
| Sep 30, 2021 | 3.62 Mn |
| Jun 30, 2021 | 2.79 Mn |
| Mar 31, 2021 | 1.73 Mn |