HOVR

MKT CAP:$86M

New Horizon Aircraft Ltd.

Market Cap

$86M

Industrials·Aerospace & Defense·🇨🇦 Canada·NASDAQ

Industrials·Aerospace·🇨🇦·NASDAQ

Stock Price

$1.88+$0.25 (+15.34%)

Apr 22, 2026

Company Details

New Horizon Aircraft Ltd., an aerospace engineering company, focuses on designing and developing the hybrid electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market primarily in the United States. It is de...

CEO

Eric Brandon Robinson

IPO Date

Apr 3, 2023

Website

www.horizonaircraft.com

Key Metrics TTM

Revenue

$0

— YoY

Net Income

-$26M

EPS (Diluted)

-$0.68

Free Cash Flow

-$14M

Revenue / Share

$0.00

Gross Margin

—

Operating Margin

—

Net Margin

—

FCF Margin

—

P/S

—

P/E

—

Earnings Reports

Q3 2026

Apr 14, 2026

NEW

$0EPS -$0.16

Q2 2026

Jan 14, 2026

$0EPS -$0.15

Q1 2026

Oct 10, 2025

$0EPS -$0.21

FY 2025

Aug 22, 2025

$0EPS $0.12

Q4 2025

Aug 22, 2025

$0EPS -$0.15

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 24	$0	$0	-$2M
Q1 25	$0	$0	-$2M
Q2 25	$0	$0	-$2M
Q3 25	$0	$0	-$3M
Q4 25	$0	$0	-$3M
Q1 26	$0	$0	-$4M
Q2 26	$0	-$41.7K	-$4M
Q3 26	$0	$0	-$8M

Valuation

Quarter	P/S	P/E
Q4 24	—	—
Q1 25	—	—
Q2 25	—	—
Q3 25	—	1.9x
Q4 25	—	8.0x
Q1 26	—	—
Q2 26	—	—
Q3 26	—	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 24	-$2M	-$2M
Q1 25	-$1M	-$1M
Q2 25	-$3M	-$3M
Q3 25	-$3M	-$3M
Q4 25	-$2M	-$2M
Q1 26	-$2M	-$3M
Q2 26	-$2M	-$2M
Q3 26	-$7M	-$7M

Capital Expenditures

Quarter	CapEx
Q4 24	$37.3K
Q1 25	$0
Q2 25	$7.0K
Q3 25	$91.0K
Q4 25	$32.2K
Q1 26	$139.0K
Q2 26	$390.2K
Q3 26	$140.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 25	—	+87.6%
Q1 26	—	+118.4%
Q2 26	—	+56.5%
Q3 26	—	+192.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 24	$7.3K	—
Q1 25	$73.1K	—
Q2 25	$18.0K	—
Q3 25	$71.0K	—
Q4 25	$952.2K	—
Q1 26	$2M	—
Q2 26	$260.9K	—
Q3 26	$4M	—

OpEx Breakdown

Quarter	R&D	G&A
Q4 24	$179.0K	$1M
Q1 25	$217.0K	$2M
Q2 25	$312.0K	$2M
Q3 25	$323.7K	$2M
Q4 25	$2M	$1M
Q1 26	$2M	$2M
Q2 26	$2M	$2M
Q3 26	$4M	$3M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 23	$64.5K	$0	$64.5K
Q3 23	$381.2K	$0	$381.2K
Q4 23	$166.6K	$0	$166.6K
Q1 24	$49.9K	$0	$49.9K
Q2 24	$11.8K	$0	$11.8K
Q3 24	$3M	$0	$3M
Q4 24	$1M	$0	$1M
Q1 25	$3M	$0	$3M
Q2 25	$887.0K	$0	$887.0K
Q3 25	$9M	$0	$9M
Q4 25	$6M	$0	$6M
Q1 26	$16M	$0	$16M
Q2 26	$18M	$0	$18M
Q3 26	$20M	$0	$20M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 24	19M	—	—
Q1 25	19M	+3.2%	—
Q2 25	25M	+27.7%	—
Q3 25	29M	+19.9%	—
Q4 25	31M	+6.9%	+69.0%
Q1 26	37M	+17.9%	+92.9%
Q2 26	42M	+13.3%	+71.2%
Q3 26	44M	+5.3%	+50.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 24	$0	14
Q1 25	$0	14
Q2 25	$0	14
Q3 25	$0	14
Q4 25	$0	28
Q1 26	$0	28
Q2 26	$0	28
Q3 26	$0	28

Revenue / Employee