Sky Harbour (SKYH-WT) Operating Expenses (2021 - 2025)

Sky Harbour's (SKYH-WT) quarterly Operating Expenses came in at $14.1 million in Q4 2025, up 40.4% year-on-year from $10.0 million in Q4 2024, and down 6.19% quarter-over-quarter from $15.0 million in Q3 2025.

Sky Harbour (SKYH-WT) Operating Expenses (2021 - 2025) Analysis & Trends

Sky Harbour's Operating Expenses history runs 5 years deep, the most recent figure standing at $14.1 million for Q4 2025.

  • On a quarterly basis, Operating Expenses rose 40.4% year-over-year to $14.1 million in Q4 2025; TTM through Dec 2025 was $55.6 million, a 57.97% increase from a year earlier, with the FY2025 full-year figure at $55.6 million, up 57.97% from the prior year.
  • Operating Expenses slipped to $14.1 million in Q4 2025 per SKYH-WT's latest filing, from $15.0 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $15.0 million in Q3 2025 and bottomed at $1.7 million in Q1 2021.
  • The 5-year median for Operating Expenses is $6.0 million (2022), against an average of $7.5 million.
  • Biggest YoY gain for Operating Expenses was 245.86% in 2022; the steepest drop was 25.16% in 2022.
  • Year by year, Operating Expenses 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.
  • Per Business Quant, the three latest SKYH-WT Operating Expenses figures stand at $14.1 million (Q4 2025), $15.0 million (Q3 2025), and $14.1 million (Q2 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Vesta Real Estate Corporation, S.A.B. de C.V 29.62 Bn 29.62 Bn - -9.30 Mn
2 Howard Hughes Holdings 3.96 Bn 3.96 Bn 182.88 Mn 185.37 Mn
3 Century Communities 2.04 Bn 1.95 Bn 190.18 Mn -173,000.00
4 Forestar 1.50 Bn 1.10 Bn 84.10 Mn 38.30 Mn
5 Five Point Holdings 415.49 Mn 66.11 Mn -23.72 Mn 21.49 Mn
6 Belpointe PREP 176.12 Mn 176.12 Mn - 15.16 Mn
7 Smith Douglas Homes 138.78 Mn 110.79 Mn 40.45 Mn 35.91 Mn
8 Amrep 122.30 Mn 69.61 Mn 4.41 Mn 8.90 Mn
9 Logistic Properties of the Americas 94.85 Mn 94.85 Mn - -4.07 Mn
10 Sky Harbour 17.76 Mn 17.76 Mn - 14.05 Mn

Historic Data

Download Data
DateValue
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