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HOVR · XBRL financial data

New Horizon Aircraft financial statements, every quarter

The same tables from 13 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

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How these numbers work
  • Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
  • Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
  • * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
  • 0 means a filing states zero; a dash (—) means no filing states that number.
  • “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
  • Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
  • Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
  • Shares outstanding come from each filing's cover page, as of the date printed there.
  • Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

CSV

Fiscal quarters (HOVR's year ends in late May)

In thousands of CADDec 31, 2023Feb 29, 2024May 31, 2024Aug 31, 2024Nov 30, 2024Feb 28, 2025May 31, 2025Aug 31, 2025Nov 30, 2025Feb 28, 2026May 31, 2026Aug 31, 2026
Research and development—270245*2974274432,493*2,7192,6084,2833,634*7,429
General and administrative—9891,915*2,4082,8473,1111,560*3,1902,5093,3061,218*1,669
Total operating expenses—1,2592,160*2,7053,2743,5544,053*5,9095,1177,5894,852*9,098
Operating income (loss)—(1,259)(2,160)*(2,705)(3,274)(3,554)(4,053)*(5,909)(5,117)(7,589)(4,852)*(9,098)
Interest income thousands of USD1,612*———————————
Interest expense thousands of USD—15——————————
Other income (expense)—(6)353*(29)47(11)(17)*25265(487)699*597
Income tax expense (benefit) thousands of USD338*———————————
Net income (loss)—(5,306)(1,697)*(2,911)19,664(4,943)(6,611)*(10,903)(8,650)(6,899)(6,644)*(4,071)
Earnings per share, basic CAD per share—(0.45)—(0.15)0.83(0.17)—(0.29)(0.21)(0.16)(0.14)*(0.06)
Earnings per share, diluted CAD per share—(0.45)—(0.15)0.80(0.17)—(0.29)(0.21)(0.16)(0.14)*(0.06)
Weighted average shares, basic thousands of shares—11,699—19,24623,59929,47431,112*37,13642,08144,32948,659*65,638
Weighted average shares, diluted thousands of shares—11,699—19,24624,57429,474—37,13642,08144,32948,659*65,638

Balance sheet

CSV

Fiscal quarters (HOVR's year ends in late May)

In thousands of CADDec 31, 2023Feb 29, 2024May 31, 2024Aug 31, 2024Nov 30, 2024Feb 28, 2025May 31, 2025Aug 31, 2025Nov 30, 2025Feb 28, 2026May 31, 2026Aug 31, 2026
Cash and cash equivalents—4,4151,8163,8228879,1967,54716,26724,30419,67478,27970,061
Accounts receivable——417592314996812202917981,207
Total current assets——4,6645,9991,76110,0868,17316,72024,84321,05882,84673,839
Property and equipment, net——2051751512052092987748358781,421
Right-of-use asset——75635037302521157254
Total assets——4,9446,2371,96210,3288,41217,04325,63821,90883,79675,314
Accounts payable——7151,2353748326793829061,1002,7711,617
Accrued liabilities——5742122365656251,6922,891308818783
Total current liabilities——1,3331,4836391,4181,3262,0973,8161,4223,6402,446
Lease liability, non-current——3025191482——217
Total liabilities——22,87728,3704,3153,3315,8226,23011,1687,77912,6867,657
Retained earnings (accumulated deficit)——(14,683)(17,594)2,070(2,873)(9,483)(20,386)(29,036)(35,935)(42,579)(46,650)
Total stockholders' equity—(16,143)(17,933)(22,133)(2,353)6,9972,59010,81314,47014,12971,11067,657
Total liabilities and equity——4,9446,2371,96210,3288,41217,04325,63821,90883,79675,314
Common shares outstanding (cover page) thousands of shares18,22018,22018,60824,57431,23131,38539,21140,96844,25345,26366,82667,124

Cash flows

CSV

Fiscal quarters (HOVR's year ends in late May)

In thousands of CADDec 31, 2023Feb 29, 2024May 31, 2024Aug 31, 2024Nov 30, 2024Feb 28, 2025May 31, 2025Aug 31, 2025Nov 30, 2025Feb 28, 2026May 31, 2026Aug 31, 2026
Net income (loss)—(5,306)(1,697)*(2,911)19,664(4,943)(6,611)*(10,903)(8,650)(6,899)(6,644)*(4,071)
Stock-based compensation—9*10*10018*71*1,303*2,410357*4,231*161*949
Net cash from operating activities—580*year only(1,475)(2,709)*(2,623)*(2,505)*(2,364)(2,608)*(6,817)*(4,703)*(7,213)
Purchases of property and equipment—104*51*——91*44*139534*140*154*671
Net cash from investing activities—(104)*(51)*——(91)*(44)*(139)(534)*(140)*(154)*(671)
Proceeds from issuing common stock———3,9470*(1,859)*(6)*—————
Proceeds from issuing equity——year only2,0000*———————
Net cash from financing activities—(1,939)*0*3,481(219)*11,023*900*11,22311,179*2,327*63,462*(334)

Compare with peers

SIC 3721 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen
  • SIC 3721 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
  • Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
  • Runway shows only for companies burning cash with under $10B of public float.
  • * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
  • A cell reading “not reported” means the filings give no figure for that quarter alone.
CompanyCash ($K)Revenue, quarter ($K)Operating cash flow, quarter ($K)Shares outstandingRunwayQuarter
New Horizon Aircraft70,061not reported(7,213)67.1M8.9 quarters 10-QAug 31, 2026
Marine Products Group45,799not reported9,05134.2M— 10-QMar 31, 2026
Mind Technology15,7585,622(1,790)*9.1M9.6 quarters 10-QJul 31, 2026
Cpi Aerostructures83617,582(1)*13.2M834.2 quarters 10-QJun 30, 2026
Coda Octopus Group31,7157,7171,383*11.3M— 10-QJul 31, 2026
FACT II Acquisition170not reported(242)*not reported0.7 quarters 10-QJun 30, 2026
AgEagle Aerial Systems15,910not reported(6,012)*62.9M2.6 quarters 10-QJun 30, 2026
Park Aerospace98,32620,791(1,450)*22.0M— 10-QAug 30, 2026
Eve Holding52,210not reported(47,217)*348.5M8.4 quarters 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.