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    New Horizon Aircraft Ltd.

    Company overview

    Market capitalization
    $113.60M
    Employees
    30
    Latest publication
    2026-09-29
    About New Horizon Aircraft Ltd.

    New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, designs hybrid-electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market in the United States. It focuses on the design and delivery of the Cavorite X7, a hybrid electric 7-seat aircraft that can take off and land vertically. The company was founded in 2013 and is headquartered in Lindsay, Canada.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · CADQ4 20252025-12-31 · CADQ3 20252025-09-30 · CADQ2 20252025-06-30 · CADQ3 20242024-09-30 · CADQ2 20242024-06-30 · CADQ1 20242024-03-31 · CADQ4 20232023-12-31 · CAD
    Cost Of Revenue78,433CAD57,077CAD——21,909CAD11,005CAD—21,000CAD
    Gross Profit-78,433CAD-57,077CAD——-21,909CAD30,995CAD—-21,000CAD
    Research Development5,846,551CAD2,582,555CAD2,719,000CAD2,493,000CAD297,000CAD245,000CAD245,000CAD270,000CAD
    Selling General Administrative4,512,888CAD2,509,000CAD3,190,000CAD1,560,000CAD2,408,000CAD1,915,000CAD1,915,000CAD989,000CAD
    Unclassified Operating Expenses-2,770,439CAD———————
    Total Operating Expenses7,589,000CAD5,066,974CAD5,909,000CAD4,053,000CAD2,705,000CAD2,160,000CAD2,160,000CAD1,259,000CAD
    Operating Income-7,589,000CAD-5,124,054CAD-5,909,000CAD-4,053,000CAD-2,705,000CAD-2,160,000CAD-2,160,000CAD-1,259,000CAD
    Income Before Tax-6,899,000CAD-8,661,924CAD-10,903,000CAD-6,611,000CAD-2,911,000CAD-1,697,000CAD-1,697,000CAD-5,306,000CAD
    Net Income-6,899,000CAD-8,661,924CAD-10,903,000CAD-6,611,000CAD-2,911,000CAD-1,697,000CAD-1,697,000CAD-5,306,000CAD
    Ebit-7,589,000CAD-8,661,918CAD-10,903,000CAD-6,611,000CAD-2,911,000CAD-1,697,000CAD-2,160,000CAD-5,290,861CAD
    Ebitda-7,510,000CAD-8,604,841CAD-10,852,000CAD-6,571,000CAD-2,881,000CAD-1,682,000CAD—-5,268,861CAD
    Depreciation And Amortization79,000CAD57,077CAD51,000CAD40,000CAD30,000CAD15,000CAD—22,000CAD
    Total Other Income Expense Net690,000CAD-3,537,870CAD-4,994,000CAD-2,558,000CAD-206,000CAD463,000CAD431,000CAD-4,047,000CAD
    Total Revenue—0CAD0CAD0CAD0CAD42,000CAD0CAD0CAD
    Net Interest Income—182,000CAD194,000CAD118,000CAD13,000CAD11,000CAD32,000CAD-15,000CAD
    Tax Provision—0CAD0CAD0CAD0CAD0CAD0CAD0CAD
    Net Income From Continuing Ops—-6,899,000CAD-8,650,000CAD-10,903,000CAD19,664,000CAD-2,911,000CAD-1,697,000CAD-5,306,000CAD
    Reconciled Depreciation—79,000CAD57,000CAD51,000CAD31,000CAD30,000CAD15,000CAD—
    Interest Expense———48,000CAD11,000CAD8,521CAD—15,139CAD
    Selling And Marketing Expenses—————21,000CAD—21,000CAD
    Income Tax Expense—————4CAD—60,586CAD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · CADFY 20242024-12-31 · CADFY 20222022-12-31 · CADFY 20212021-12-31 · CAD
    Research Development3,660,000CAD880,000CAD676,000CAD666,019CAD
    Selling General Administrative9,925,000CAD3,744,000CAD787,000CAD501,372CAD
    Total Operating Expenses13,585,000CAD4,624,000CAD1,463,000CAD1,780,000CAD
    Operating Income-13,585,000CAD-4,624,000CAD-1,463,000CAD-1,780,000CAD
    Income Before Tax5,200,000CAD-8,160,000CAD-1,247,000CAD-1,652,000CAD
    Net Income5,200,000CAD-8,160,000CAD-1,247,000CAD-1,652,000CAD
    Ebit5,200,000CAD-7,995,675CAD-1,247,000CAD-1,652,000CAD
    Ebitda5,338,000CAD-7,939,675CAD-1,220,000CAD-1,627,744CAD
    Depreciation And Amortization138,000CAD56,000CAD27,000CAD24,256CAD
    Total Other Income Expense Net18,785,000CAD-3,536,000CAD216,000CAD127,821CAD
    Total Revenue—0CAD0CAD0CAD
    Interest Expense—164,325CAD74,329CAD2,151CAD
    Net Interest Income—123,000CAD-74,329CAD-2,151CAD
    Tax Provision—0CAD0CAD0CAD
    Net Income From Continuing Ops—5,200,000CAD-1,169,692CAD-1,652,956CAD
    Reconciled Depreciation—138,000CAD26,946CAD24,256CAD
    Cost Of Revenue——435,959CAD613,386CAD
    Gross Profit——-435,959CAD-613,386CAD
    Income Tax Expense——64,620CAD144,068CAD
    Selling And Marketing Expenses———589,130CAD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ4 20262026-05-31 · USDQ1 20262026-03-31 · CADQ4 20252025-12-31 · CADQ3 20252025-09-30 · CADQ2 20252025-06-30 · CADQ1 20252025-03-31 · CADQ4 20242024-12-31 · CADQ3 20242024-09-30 · CAD
    Total Assets83,796,000USD29,905,734CAD25,638,000CAD23,410,946CAD8,412,000CAD14,917,763CAD2,744,249CAD6,237,000CAD
    Cash And Equivalents78,279,000USD———————
    Total Current Assets82,846,000USD28,745,433CAD24,843,000CAD22,967,260CAD8,173,000CAD14,568,218CAD2,463,110CAD5,999,000CAD
    Total Liabilities12,686,000USD———————
    Total Current Liabilities3,640,000USD1,941,115CAD3,816,000CAD2,880,523CAD1,326,000CAD2,048,159CAD893,769CAD1,483,000CAD
    Other Current Liabilities818,000USD———————
    Total Stockholder Equity71,110,000USD19,286,932CAD14,470,000CAD14,853,169CAD2,590,000CAD10,106,466CAD-3,291,141CAD-22,133,000CAD
    Total Equity Including Noncontrolling Interest71,110,000USD———————
    Net Receivables798,000USD291,257CAD220,000CAD111,264CAD96,000CAD215,215CAD32,170CAD59,000CAD
    Property Plant Equipment Net950,000USD1,160,301CAD643,000CAD234,892CAD87,000CAD129,996CAD281,138CAD149,240CAD
    Accounts Payable2,771,000USD1,501,566CAD906,000CAD524,730CAD679,000CAD1,201,740CAD523,113CAD1,235,000CAD
    Short Term Debt51,000USD19,110CAD19,000CAD31,593CAD22,000CAD30,332CAD40,562CAD36,000CAD
    Retained Earnings-42,579,000USD-49,053,431CAD-29,036,000CAD-28,003,025CAD-9,483,000CAD-4,149,761CAD2,895,309CAD-17,594,000CAD
    Intangible Assets—207,489CAD152,000CAD208,793CAD152,000CAD219,548CAD212,602CAD88,760CAD
    Other Current Assets—1,597,985CAD319,000CAD510,994CAD530,000CAD1,070,300CAD1,190,293CAD2,118,000CAD
    Total Liab—10,618,801CAD11,168,000CAD8,557,777CAD5,822,000CAD4,811,296CAD6,035,390CAD28,370,000CAD
    Other Current Liab—420,437CAD2,891,000CAD2,324,198CAD625,000CAD816,086CAD330,093CAD212,000CAD
    Common Stock—152,817,101CAD109,355,000CAD132,675,766CAD84,562,000CAD119,999,307CAD109,528,000CAD76,323,000CAD
    Cash—26,856,190CAD24,304,000CAD22,345,000CAD7,547,000CAD13,282,702CAD1,240,646CAD3,822,000CAD
    Cash And Short Term Investments—26,856,190CAD24,304,000CAD22,345,000CAD7,547,000CAD13,282,702CAD1,240,646CAD3,822,000CAD
    Net Debt—-26,837,080CAD-24,285,000CAD-22,310,660CAD-7,517,000CAD-13,232,148CAD-1,173,509CAD-3,761,000CAD
    Short Long Term Debt Total—19,110CAD19,000CAD34,341CAD30,000CAD50,554CAD67,137CAD61,000CAD
    Common Stock Shares Outstanding—44,329,214shares42,081,417shares37,135,000shares31,499,000shares29,474,000shares24,574,000shares19,246,000shares
    Non Current Assets Total—1,160,301CAD795,000CAD443,685CAD239,000CAD349,544CAD281,138CAD238,000CAD
    Non Current Liabilities Total—8,677,686CAD7,352,000CAD5,677,254CAD4,496,000CAD2,763,137CAD5,141,621CAD26,887,000CAD
    Non Currrent Assets Other—-207,489CAD———-152,000CAD-212,602CAD—
    Unclassified Non Current Liabilities—8,677,686CAD7,352,000CAD5,677,254CAD4,496,000CAD2,763,137CAD5,141,621CAD26,887,000CAD
    Unclassified Equity—-84,476,738CAD-184,075,000CAD-133,786,572CAD-175,353,000CAD-196,582,080CAD-205,057,450CAD-159,169,000CAD
    Capital Stock——118,226,000CAD115,632,000CAD102,864,000CAD90,839,000CAD89,343,000CAD78,307,000CAD
    Property Plant Equipment Gross——1,070,000CAD936,000CAD406,000CAD272,000CAD282,000CAD204,000CAD
    Net Working Capital——19,636,000CAD21,027,000CAD14,623,000CAD6,847,000CAD8,668,000CAD1,122,000CAD
    Accumulated Other Comprehensive Income———-71,665,000CAD————
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20262026-05-31 · USDFY 20252025-12-31 · CADFY 20242024-12-31 · CADFY 20232023-12-31 · CADFY 20222022-12-31 · USDFY 20212021-12-31 · CAD
    Total Assets83,796,000USD11,542,862CAD4,944,000CAD4,944,000CAD1,411,575USD1,164,021CAD
    Cash And Equivalents78,279,000USD—————
    Total Current Assets82,846,000USD11,214,908CAD4,664,000CAD4,664,000CAD245,478USD6,831CAD
    Total Liabilities12,686,000USD—————
    Total Current Liabilities3,640,000USD1,819,523CAD1,333,000CAD1,333,000CAD1,488,400USD334,457CAD
    Other Current Liabilities818,000USD—————
    Total Stockholder Equity71,110,000USD3,553,972CAD-17,933,000CAD-17,933,000CAD-413,492USD-1,277,764CAD
    Total Equity Including Noncontrolling Interest71,110,000USD—————
    Net Receivables798,000USD131,730CAD417,000CAD417,000CAD15,000USD0CAD
    Property Plant Equipment Net950,000USD119,380CAD128,000CAD128,000CAD194,106USD262,406CAD
    Accounts Payable2,771,000USD931,717CAD715,000CAD715,000CAD186,560USD159,908CAD
    Short Term Debt51,000USD30,188CAD44,000CAD44,000CAD1,268,059USD147,630CAD
    Retained Earnings-42,579,000USD-13,012,477CAD-14,683,000CAD-14,683,000CAD-5,551,133USD-4,381,441CAD
    Intangible Assets—208,572CAD152,000CAD152,000CAD——
    Other Current Assets—727,260CAD2,431,000CAD2,431,000CAD2,509USD2,509CAD
    Total Liab—7,988,890CAD22,877,000CAD22,877,000CAD1,825,067USD2,441,785CAD
    Other Current Liab—857,618CAD574,000CAD574,000CAD33,781USD26,919CAD
    Common Stock—116,035,130CAD74,406,000CAD74,406,000CAD5,083,009USD3,103,677CAD
    Cash—10,355,917CAD1,816,000CAD1,816,000CAD227,969USD4,322CAD
    Cash And Short Term Investments—10,355,917CAD1,816,000CAD1,816,000CAD227,969USD4,322CAD
    Net Debt—-10,314,751CAD-1,742,000CAD-1,742,000CAD1,376,757USD2,250,636CAD
    Short Long Term Debt Total—41,165CAD74,000CAD74,000CAD1,604,726USD2,254,958CAD
    Common Stock Shares Outstanding—30,760,000shares10,717,000shares17,856,214shares7,326,000shares6,897,000shares
    Non Current Assets Total—327,953CAD280,000CAD280,000CAD1,166,097USD1,157,190CAD
    Non Current Liabilities Total—6,169,366CAD21,544,000CAD21,544,000CAD336,667USD2,107,328CAD
    Unclassified Non Current Liabilities—6,169,366CAD21,544,000CAD21,544,000CAD——
    Unclassified Equity—-99,468,681CAD-168,495,000CAD-199,517,982CAD-5,028,377USD-3,103,677CAD
    Capital Stock——90,839,000CAD121,861,982CAD5,083,009USD3,103,677CAD
    Property Plant Equipment Gross——272,000CAD222,000CAD245,308USD286,662CAD
    Net Working Capital——6,847,000CAD-864,387CAD-1,242,922USD-327,626CAD
    Short Long Term Debt———175,000CAD1,219,099USD90,110CAD
    Short Term Investments———1,799,862CAD——
    Inventory———-2,742,367CAD——
    Non Currrent Assets Other———121,529,421CAD971,991USD894,784CAD
    Unclassified Current Assets———-1,799,862CAD——
    Unclassified Non Current Assets———-121,529,421CAD——
    Long Term Debt————263,131USD1,984,832CAD
    Unclassified Current Liabilities————-1,219,099USD—
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20262026-05-31 · USDFY 20242024-12-31 · CADFY 20232023-12-31 · CADFY 20222022-12-31 · USDFY 20212021-12-31 · CAD
    Net Income-33,096,000USD-8,160,000CAD-8,160,000CAD-1,169,692USD-1,652,956CAD
    Depreciation298,000USD56,000CAD56,000CAD26,946USD24,256CAD
    Stock Based Compensation7,159,000USD66,000CAD66,000CAD54,632USD0CAD
    Unclassified Operating Cash Flow7,757,000USD————
    Change To Account Receivables-702,000USD-402,000CAD-402,000CAD-15,000USD0CAD
    Change To Liabilities2,285,000USD————
    Change In Working Capital1,390,000USD586,000CAD586,000CAD-35,748USD-17,937CAD
    Operating Cash Flow-16,492,000USD————
    Capital Expenditures-967,000USD-209,000CAD-209,000CAD-77,207USD-130,575CAD
    Investing Cash Flow-967,000USD————
    Financing Cash Flow88,191,000USD————
    Change In Cash70,732,000USD1,588,000CAD1,588,000CAD223,647USD-154,982CAD
    End Cash Flow78,279,000USD————
    Other Non Cash Items—4,144,000CAD4,144,000CAD129,840USD23,409CAD
    Total Cash From Operating Activities—-3,308,000CAD-3,308,000CAD-1,009,965USD-1,623,228CAD
    Free Cash Flow—-3,517,000CAD-3,517,000CAD-1,087,172USD-1,753,803CAD
    Investments—-142,000CAD-116,745,000CAD-77,207USD-130,575CAD
    Total Cashflows From Investing Activities—-209,000CAD-209,000CAD-77,207USD-130,575CAD
    Net Borrowings—0CAD-125,000CAD1,310,819USD—
    Total Cash From Financing Activities—5,105,000CAD5,105,000CAD1,310,819USD1,598,821CAD
    Issuance Of Capital Stock—12,306,000CAD119,388,956CAD——
    Begin Period Cash Flow—228,000CAD228,000CAD4,322USD159,304CAD
    End Period Cash Flow—1,816,000CAD1,816,000CAD227,969USD4,322CAD
    Other Cashflows From Investing Activities—-209,000CAD-209,000CAD—-86,166CAD
    Other Cashflows From Financing Activities—-1,609,186CAD-1,609,186CAD270,964USD-130,575CAD
    Unclassified Financing Cash Flow—-5,591,814CAD-112,549,770CAD—1,729,396CAD
    Unclassified Investing Cash Flow——116,954,000CAD——
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ4 20252025-12-31 · CADQ2 20252025-06-30 · CADQ1 20252025-03-31 · CADQ4 20242024-12-31 · CADQ3 20242024-09-30 · CADQ2 20242024-06-30 · CADQ1 20242024-03-31 · CADQ3 20232023-09-30 · USD
    Net Income-8,650,000CAD-6,611,000CAD-7,138,225CAD27,504,036CAD-2,911,000CAD-1,697,000CAD-1,697,000CAD112,662USD
    Depreciation57,000CAD40,000CAD53,442CAD43,359CAD30,000CAD15,000CAD15,000CAD—
    Stock Based Compensation357,000CAD1,303,000CAD102,552CAD25,176CAD100,000CAD10,000CAD10,000CAD—
    Other Non Cash Items3,992,000CAD2,589,000CAD2,064,047CAD-30,203,527CAD478,000CAD-77,000CAD1,000CAD-281,481USD
    Change To Account Receivables-138,000CAD53,000CAD-181,994CAD50,353CAD358,000CAD-290,000CAD——
    Change In Working Capital1,636,000CAD174,000CAD1,129,520CAD-1,158,124CAD828,000CAD-799,000CAD-799,000CAD-46,000USD
    Total Cash From Operating Activities-2,608,000CAD-2,505,000CAD-3,788,661CAD-3,789,078CAD-1,475,000CAD-2,548,000CAD-2,548,000CAD-214,819USD
    Capital Expenditures-534,000CAD-44,000CAD-131,440CAD-9,790CAD0CAD-51,000CAD-51,000CAD0USD
    Free Cash Flow-3,142,000CAD-2,549,000CAD-3,920,102CAD-3,798,869CAD-1,475,000CAD-2,599,000CAD-2,599,000CAD-214,819USD
    Total Cashflows From Investing Activities-534,000CAD-44,000CAD-131,440CAD-9,791CAD—-51,000CAD——
    Total Cash From Financing Activities11,179,000CAD900,000CAD15,921,621CAD-306,315CAD3,481,000CAD-9,284CAD0CAD175,000USD
    Issuance Of Capital Stock2,327,000CAD8,253,000CAD7,000CAD8,352,000CAD0CAD3,947,000CAD——
    Change In Cash8,037,000CAD-1,649,000CAD12,001,519CAD-4,105,185CAD2,006,000CAD-2,599,000CAD-2,599,000CAD-214,819USD
    Begin Period Cash Flow16,267,000CAD9,196,000CAD1,281,182CAD5,345,831CAD1,816,000CAD4,415,000CAD4,415,000CAD283,101USD
    End Period Cash Flow24,304,000CAD7,547,000CAD13,282,702CAD1,240,646CAD3,822,000CAD1,816,000CAD1,816,000CAD68,282USD
    Other Cashflows From Financing Activities340,000CAD906,000CAD12,905,714CAD-378,927CAD-466,000CAD6,700,000CAD—1,130,000USD
    Unclassified Financing Cash Flow8,512,000CAD-8,259,000CAD3,008,907CAD-8,279,388CAD3,947,000CAD-10,656,284CAD——
    Investments—-139,000CAD-44,000CAD-91,000CAD-7,000CAD0CAD-51,000CAD—
    Net Borrowings——0CAD0CAD0CAD0CAD——
    Other Cashflows From Investing Activities———0CAD—117,666,000CAD——
    Unclassified Investing Cash Flow—————-117,666,000CAD——
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    No operating metrics are currently published for this company.

    Revenue breakdown

    No revenue breakdown is currently published for this company.

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.