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Note 12 - Earnings (Loss) Per Share
 3 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Earnings Per Share [Text Block]

12.

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

 
  March 31, 2025  March 31, 2024 

Numerator:

        

Net loss

 $(9,126) $(21,199)

Less: Net loss attributable to non-controlling interests

  (2,750)  (2,259)

Basic and diluted net loss attributable to Sky Harbour Group Corporation shareholders

  (6,376)  (18,940)
         

Denominator:

        

Basic and diluted weighted average shares of Class A Common Stock outstanding

  33,665   24,274 
         

Loss per share of Class A Common Stock – Basic and diluted

 $(0.19) $(0.78)

 

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

 

  

Three Months Ended

 
  March 31, 2025  March 31, 2024 

Shares subject to unvested restricted stock units

  1,132   1,130 
Shares issuable upon the exercise of unvested stock options  1,125   439 

Shares issuable upon the exercise of Warrants

  15,798   15,807 

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   2,808