HOVR · XBRL financial data
New Horizon Aircraft financial statements, every fiscal year
The same tables from 5 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
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
CSVFiscal years (HOVR's year ends in late May)
| In thousands of CAD | Dec 31, 2022 | Dec 31, 2023 | May 31, 2024 | May 31, 2025 | May 31, 2026 |
|---|---|---|---|---|---|
| Research and development | — | — | 880 | 3,660 | 13,244 |
| General and administrative | — | — | 3,744 | 9,925 | 10,224 |
| Total operating expenses | — | — | 4,624 | 13,585 | 23,468 |
| Operating income (loss) | — | — | (4,624) | (13,585) | (23,468) |
| Interest income thousands of USD | — | 5,216 | — | — | — |
| Other income (expense) | — | — | 575 | (10) | 503 |
| Income tax expense (benefit) thousands of USD | — | 1,095 | — | — | — |
| Net income (loss) | — | — | (8,160) | 5,200 | (33,096) |
| Earnings per share, basic CAD per share | — | — | (0.76) | 0.20 | (0.77) |
| Earnings per share, diluted CAD per share | — | — | (0.76) | 0.17 | (0.77) |
| Weighted average shares, basic thousands of shares | — | — | 10,717 | 25,844 | 43,047 |
| Weighted average shares, diluted thousands of shares | — | — | 10,717 | 30,760 | 43,047 |
Balance sheet
CSVFiscal years (HOVR's year ends in late May)
| In thousands of CAD | Dec 31, 2022 | Dec 31, 2023 | May 31, 2024 | May 31, 2025 | May 31, 2026 |
|---|---|---|---|---|---|
| Cash and cash equivalents | — | — | 1,816 | 7,547 | 78,279 |
| Accounts receivable | — | — | 417 | 96 | 798 |
| Total current assets | — | — | 4,664 | 8,173 | 82,846 |
| Property and equipment, net | — | — | 205 | 209 | 878 |
| Right-of-use asset | — | — | 75 | 30 | 72 |
| Total assets | — | — | 4,944 | 8,412 | 83,796 |
| Accounts payable | — | — | 715 | 679 | 2,771 |
| Accrued liabilities | — | — | 574 | 625 | 818 |
| Total current liabilities | — | — | 1,333 | 1,326 | 3,640 |
| Lease liability, non-current | — | — | 30 | 8 | 21 |
| Total liabilities | — | — | 22,877 | 5,822 | 12,686 |
| Accumulated deficit | — | — | (14,683) | (9,483) | (42,579) |
| Total stockholders' equity | — | — | (17,933) | 2,590 | 71,110 |
| Total liabilities and equity | — | — | 4,944 | 8,412 | 83,796 |
| Common shares outstanding (cover page) thousands of shares | — | 18,220 | 18,608 | 39,211 | 66,826 |
Cash flows
CSVFiscal years (HOVR's year ends in late May)
| In thousands of CAD | Dec 31, 2022 | Dec 31, 2023 | May 31, 2024 | May 31, 2025 | May 31, 2026 |
|---|---|---|---|---|---|
| Net income (loss) | — | — | (8,160) | 5,200 | (33,096) |
| Stock-based compensation | — | — | 66 | 1,492 | 7,159 |
| Net cash from operating activities | — | — | (3,308) | (9,312) | (16,492) |
| Purchases of property and equipment | — | — | 209 | 142 | 967 |
| Net cash from investing activities | — | — | (209) | (142) | (967) |
| Proceeds from issuing common stock | — | — | — | 2,082 | — |
| Proceeds from issuing equity | — | — | 2,000 | — | — |
| Net cash from financing activities | — | — | 5,105 | 15,185 | 88,191 |
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 $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($K) | Revenue, quarter ($K) | Operating cash flow, quarter ($K) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| New Horizon Aircraft | 70,061 | not reported | (7,213) | 67.1M | 8.9 quarters | 10-QAug 31, 2026 |
| Marine Products Group | 45,799 | not reported | 9,051 | 34.2M | — | 10-QMar 31, 2026 |
| Mind Technology | 15,758 | 5,622 | (1,790)* | 9.1M | 9.6 quarters | 10-QJul 31, 2026 |
| Cpi Aerostructures | 836 | 17,582 | (1)* | 13.2M | 834.2 quarters | 10-QJun 30, 2026 |
| Coda Octopus Group | 31,715 | 7,717 | 1,383* | 11.3M | — | 10-QJul 31, 2026 |
| FACT II Acquisition | 170 | not reported | (242)* | not reported | 0.7 quarters | 10-QJun 30, 2026 |
| AgEagle Aerial Systems | 15,910 | not reported | (6,012)* | 62.9M | 2.6 quarters | 10-QJun 30, 2026 |
| Park Aerospace | 98,326 | 20,791 | (1,450)* | 22.0M | — | 10-QAug 30, 2026 |
| Eve Holding | 52,210 | not reported | (47,217)* | 348.5M | 8.4 quarters | 10-QJun 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.