v3.26.1
Note 14 - Earnings (Loss) Per Share
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Earnings Per Share [Text Block]

14.

Earnings (loss) per Share

 

Basic earnings (loss) per share of Class A Common Stock is computed by dividing net income (loss) attributable to SHG by the weighted-average number of shares of Class A Common Stock outstanding during the period. Diluted net income (loss) per share of Class A Common Stock is computed by dividing net income (loss) attributable to SHG, adjusted for the assumed exchange of all potentially dilutive securities, by the weighted-average number of shares of Class A Common Stock outstanding adjusted to give effect to potentially dilutive shares using the treasury stock or if-converted method as appropriate. Shares of the Company’s Class B Common Stock do not participate in the earnings or losses of the Company and are therefore not participating securities. As such, separate presentation of basic and diluted earnings per share of Class B Common Stock under the two-class method has not been presented. 

 

  

Three Months Ended

  

Six Months Ended

 
  

June 30, 2026

  

June 30, 2025

  

June 30, 2026

  

June 30, 2025

 

Numerator:

                

Net (loss) income

 $(4,368) $14,356  $(13,341) $5,230 

Less: Net loss attributable to non-controlling interests

  (3,131)  (3,097)  (6,525)  (5,847)

Basic net (loss) income attributable to Sky Harbour Group Corporation shareholders

  (1,237)  17,453   (6,816)  11,077 

Less: Net loss attributable to non-controlling interests

  -   (3,097)  -   (5,847)

Diluted net (loss) income attributable to Sky Harbour Group Corporation shareholders

  (1,237)  14,356   (6,816)  5,230 
                 

Denominator:

                

Basic weighted average shares of Class A Common Stock outstanding

  34,457   33,827   34,266   33,747 

Effect of dilutive exchange of Class B Common Stock

  -   42,046   -   42,046 

Effect of dilutive exchange of Sky Incentive Units

  -   1,859   -   1,857 

Effect of dilutive restricted stock units

  -   135   -   118 

Diluted weighted average shares outstanding

  34,457   77,867   34,266   77,768 
                 

(Loss) earnings per share of Class A Common Stock – Basic

 $(0.04) $0.52  $(0.20) $0.33 

(Loss) earnings per share of Class A Common Stock – Diluted

 $(0.04) $0.18  $(0.20) $0.07 

 

Potentially dilutive shares excluded from the weighted-average shares used to calculate the diluted net earnings (loss) per common share were as follows (in thousands):

 

  

Three Months Ended

  

Six months ended

 
  

June 30, 2026

  

June 30, 2025

  

June 30, 2026

  

June 30, 2025

 

Shares subject to unvested restricted stock units

  1,559   962   1,559   978 

Shares issuable upon the exercise of unvested stock options

  2,313   1,125   2,313   1,125 

Shares issuable upon the exercise of Warrants

  15,798   15,798   15,798   15,798 

Shares issuable upon the exchange of Class B Common Stock

  42,046   -   42,046   - 

Shares issuable upon the exercise and exchange of Sky Incentive Units

  1,860   1   1,860   3