Sky Harbour (SKYH) Operating Expenses (2020 - 2025)

Sky Harbour (SKYH) 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) 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 JFB Construction Holdings 88.07 Mn 62.81 Mn 681,192.00 2.70 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