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New Horizon Aircraft Ltd.(HOVR)Earnings, Financials & Key Ratios
HOVR•NASDAQ
$2.20
$97M mkt cap·17.7× P/E·Price updated May 7, 2026
AboutNew 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 developing 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.Show more
- Revenue$0
- EBITDA-$13M-194.4%
- Net Income$5M+163.7%
- EPS (Diluted)0.17+122.4%
- ROE200.77%
- Debt/Equity0.01
HOVR Key Insights
New Horizon Aircraft Ltd. (HOVR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Excellent 3Y average ROE of 200.8%
- ✓Momentum leader: RS Rating 82 (top 18%)
✗Weaknesses
- ✗Shares diluted 100.0% in last year
- ✗Trading more than 30% below 52-week high
- ✗Expensive at 35.7x book value
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
HOVR Price & Volume
New Horizon Aircraft Ltd. (HOVR) stock price & volume — 10-year historical chart
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HOVR Growth Metrics
New Horizon Aircraft Ltd. (HOVR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-419.17%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-714.68%
Return on Capital
10 Years-279.74%
5 Years-279.74%
3 Years-301.46%
Last Year-254%
HOVR Recent Earnings
New Horizon Aircraft Ltd. (HOVR) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 1/12 qtrs (17%)
Q2 2026Latest
Apr 14, 2026EPS
$0.12
Est $0.09
-33.3%
Revenue
—
Q1 2026
Jan 14, 2026EPS
$0.15
Est $0.08
-87.5%
Revenue
—
Q4 2025
Oct 10, 2025EPS
$0.11
Est $0.07
-57.1%
Revenue
—
Q3 2025
Aug 22, 2025EPS
$0.20
Est $0.08
-150.0%
Revenue
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 14, 2026 | $0.12vs $0.09-33.3% | — |
| Q1 2026 | Jan 14, 2026 | $0.15vs $0.08-87.5% | — |
| Q4 2025 | Oct 10, 2025 | $0.11vs $0.07-57.1% | — |
| Q3 2025 | Aug 22, 2025 | $0.20vs $0.08-150.0% | — |
Based on last 12 quarters of dataView full earnings history →
HOVR Peer Comparison
New Horizon Aircraft Ltd. (HOVR) competitors in Drones, Autonomy and eVTOL — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 ACHR | 4.67B | 6.28 | -6.34 | -2060.67% | -37.76% | 0.02 | ||
 JOBY | 9.83B | 10.00 | -8.85 | 391.83% | -12.33% | -74.18% | 0.04 | |
 EVTL | 274.28M | 2.68 | -3.52 | |||||
 WKHS | 31.94M | 3.63 | -0.07 | -49.47% | -6.07% | -198.1% | 0.37 | |
 RCAT | 1.02B | 10.36 | -17.27 | 459.81% | -227.71% | -33.59% | 0.07 | |
 AIRO | 226.01M | 7.22 | -4.66 | 100.99% | -125.14% | -10.76% | 0.09 | |
 UAVS | 1.34M | 1.17 | -0.03 | -2.54% | -153.64% | -68.52% | ||
 HON | 136.91B | 216.07 | 29.36 | 7.85% | 11.16% | 23.05% | 2.24 |
Compare HOVR vs Peers
New Horizon Aircraft Ltd. (HOVR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
HOVR Income Statement
New Horizon Aircraft Ltd. (HOVR) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | May'22 | May'23 | May'24 | May'25 | TTM |
|---|---|---|---|---|---|
| Sales/Revenue | 0 | 0 | 0 | 0 | 0 |
| Revenue Growth % | - | - | - | - | - |
| Cost of Goods Sold | 0 | 0 | 0 | 0 | 57.08K |
| COGS % of Revenue | - | - | - | - | - |
| Gross Profit | 0▲ 0% | 0▲ 0% | 0▲ 0% | 0▲ 0% | -57.08K▲ 0% |
| Gross Margin % | - | - | - | - | - |
| Gross Profit Growth % | - | - | - | - | - |
| Operating Expenses | 1.78M | 1.46M | 4.62M | 13.59M | 18.58M |
| OpEx % of Revenue | - | - | - | - | - |
| Selling, General & Admin | 1.09M | 787K | 3.74M | 9.93M | 10.35M |
| SG&A % of Revenue | - | - | - | - | - |
| Research & Development | 666.02K | 676K | 880K | 3.66M | 8.24M |
| R&D % of Revenue | - | - | - | - | - |
| Other Operating Expenses | 23.98K | 0 | 0 | 0 | 0 |
| Operating Income | -1.78M▲ 0% | -1.46M▲ 17.8% | -4.62M▼ 216.1% | -13.59M▼ 193.8% | -18.64M▲ 0% |
| Operating Margin % | - | - | - | - | - |
| Operating Income Growth % | - | 17.81% | -216.06% | -193.79% | - |
| EBITDA | -1.76M | -1.44M | -4.57M | -13.45M | -18.45M |
| EBITDA Margin % | - | - | - | - | - |
| EBITDA Growth % | - | 18.21% | -218.11% | -194.37% | -98.44% |
| D&A (Non-Cash Add-back) | 24.26K | 27K | 56K | 138K | 185.08K |
| EBIT | -1.78M | -1.46M | -4.62M | -13.59M | -27.17M |
| Net Interest Income | 0 | 0 | -164.32K | 120.96K | 487.45K |
| Interest Income | 0 | 0 | 0 | 120.96K | 487.45K |
| Interest Expense | 0 | 0 | 164.32K | 0 | 0 |
| Other Income/Expense | 127.82K | 216K | -3.54M | 18.79M | -12.48M |
| Pretax Income | -1.65M▲ 0% | -1.25M▲ 24.5% | -8.16M▼ 554.4% | 5.2M▲ 163.7% | -31.12M▲ 0% |
| Pretax Margin % | - | - | - | - | - |
| Income Tax | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% |
| Net Income | -1.65M▲ 0% | -1.25M▲ 24.5% | -8.16M▼ 554.4% | 5.2M▲ 163.7% | -31.12M▲ 0% |
| Net Margin % | - | - | - | - | - |
| Net Income Growth % | - | 24.52% | -554.37% | 163.73% | -419.17% |
| Net Income (Continuing) | -1.65M | -1.25M | -8.16M | 5.2M | -31.12M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.24▲ 0% | -0.17▲ 29.2% | -0.76▼ 347.1% | 0.17▲ 122.4% | -0.74▲ 0% |
| EPS Growth % | - | 29.17% | -347.06% | 122.37% | -714.68% |
| EPS (Basic) | -0.24 | -0.17 | -0.76 | 0.20 | - |
| Diluted Shares Outstanding | 6.9M | 7.33M | 10.72M | 30.76M | 42.08M |
| Basic Shares Outstanding | 6.9M | 7.33M | 10.72M | 25.84M | 42.08M |
| Dividend Payout Ratio | - | - | - | - | - |
HOVR Balance Sheet
New Horizon Aircraft Ltd. (HOVR) balance sheet — assets, liabilities & shareholders' equity
| Line item | May'22 | May'23 | May'24 | May'25 | TTM |
|---|---|---|---|---|---|
| Total Current Assets | 6.83K | 245.48K | 4.66M | 8.17M | 24.84M |
| Cash & Short-Term Investments | 4.32K | 227.97K | 1.82M | 7.55M | 24.3M |
| Cash Only | 4.32K | 227.97K | 1.82M | 7.55M | 24.3M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 0 | 15K | 417K | 96K | 220K |
| Days Sales Outstanding | - | - | - | - | - |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 1.16M | 1.17M | 280K | 239K | 795K |
| Property, Plant & Equipment | 262.41K | 194.11K | 128K | 87K | 643K |
| Fixed Asset Turnover | - | - | - | - | 0.00x |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 152K | 152K | 152K |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 894.78K | 971.99K | 0 | 0 | 0 |
| Total Assets | 1.16M▲ 0% | 1.41M▲ 21.3% | 4.94M▲ 250.2% | 8.41M▲ 70.1% | 25.64M▲ 0% |
| Asset Turnover | - | - | - | - | 0.00x |
| Asset Growth % | - | 21.27% | 250.25% | 70.15% | 1501.61% |
| Total Current Liabilities | 334.46K | 1.49M | 1.33M | 1.33M | 3.82M |
| Accounts Payable | 159.91K | 186.56K | 715K | 679K | 906K |
| Days Payables Outstanding | - | - | - | - | 4.47K |
| Short-Term Debt | 90.11K | 1.22M | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 84K | 171K | 0 |
| Current Ratio | 0.02x | 0.16x | 3.50x | 6.16x | 6.16x |
| Quick Ratio | 0.02x | 0.16x | 3.50x | 6.16x | 6.16x |
| Cash Conversion Cycle | - | - | - | - | - |
| Total Non-Current Liabilities | 2.11M | 336.67K | 21.54M | 4.5M | 7.35M |
| Long-Term Debt | 1.98M | 263.13K | 0 | 0 | 0 |
| Capital Lease Obligations | 122.5K | 73.54K | 30K | 8K | 24K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 21.51M | 4.49M | 17.87M |
| Total Liabilities | 2.44M | 1.83M | 22.88M | 5.82M | 11.17M |
| Total Debt | 2.25M | 1.6M | 74K | 30K | 19K |
| Net Debt | 2.25M | 1.38M | -1.74M | -7.52M | -24.29M |
| Debt / Equity | - | - | - | 0.01x | 0.01x |
| Debt / EBITDA | - | - | - | - | -0.00x |
| Net Debt / EBITDA | - | - | - | - | 1.32x |
| Interest Coverage | - | - | -28.14x | - | - |
| Total Equity | -1.28M▲ 0% | -413.49K▲ 67.6% | -17.93M▼ 4237.0% | 2.59M▲ 114.4% | 14.47M▲ 0% |
| Equity Growth % | - | 67.64% | -4236.96% | 114.44% | 1121.6% |
| Book Value per Share | -0.19 | -0.06 | -1.67 | 0.08 | 0.34 |
| Total Shareholders' Equity | -1.28M | -413.49K | -17.93M | 2.59M | 14.47M |
| Common Stock | 3.1M | 5.08M | 74.41M | 84.56M | 109.36M |
| Retained Earnings | -4.38M | -5.55M | -14.68M | -9.48M | -29.04M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
HOVR Cash Flow Statement
New Horizon Aircraft Ltd. (HOVR) cash flow — operating, investing & free cash flow history
| Line item | May'22 | May'23 | May'24 | May'25 | TTM |
|---|---|---|---|---|---|
| Cash from Operations | -1.62M | -1.01M | -3.31M | -9.31M | -9.31M |
| Operating CF Margin % | - | - | - | - | - |
| Operating CF Growth % | - | 37.78% | -227.54% | -181.5% | -452396.23% |
| Net Income | -1.65M | -1.17M | -8.16M | 5.2M | -31.12M |
| Depreciation & Amortization | 24.26K | 26.95K | 56K | 138K | 185K |
| Stock-Based Compensation | 0 | 54.63K | 66K | 1.49M | 4.14M |
| Deferred Taxes | 0 | -15.94K | 0 | 0 | 0 |
| Other Non-Cash Items | 23.41K | 129.84K | 4.14M | -18.38M | 12.85M |
| Working Capital Changes | -17.94K | -35.75K | 586K | 2.24M | 3.83M |
| Change in Receivables | 0 | -15K | -402K | 321K | -197K |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 184K | -36K | 829K |
| Cash from Investing | -130.57K | -77.21K | -209K | -142K | -808K |
| Capital Expenditures | -44.41K | -77.21K | 0 | -142K | -808K |
| CapEx % of Revenue | - | - | - | - | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - |
| Other Investing | -86.17K | 0 | -209K | 0 | 0 |
| Cash from Financing | 1.6M | 1.31M | 5.11M | 15.19M | 34.33M |
| Debt Issued (Net) | 1.6M | 1.31M | 6.71M | 0 | 0 |
| Equity Issued (Net) | 0 | -270.96K | 0 | 1000K | 3.01M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 270.96K | -1.61M | 2.88M | 13.14M |
| Net Change in Cash | -154.98K▲ 0% | 223.65K▲ 244.3% | 1.59M▲ 610.0% | 5.73M▲ 260.9% | 23.42M▲ 0% |
| Free Cash Flow | -1.75M▲ 0% | -1.09M▲ 38.0% | -3.52M▼ 223.5% | -9.45M▼ 168.8% | -10.91M▲ 0% |
| FCF Margin % | - | - | - | - | - |
| FCF Growth % | - | 38.01% | -223.5% | -168.81% | -60.66% |
| FCF per Share | -0.25 | -0.15 | -0.33 | -0.31 | -0.31 |
| FCF Conversion (FCF/Net Income) | 0.98x | 0.81x | 0.41x | -1.79x | 0.35x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 1.13M | 0 | 0 |
HOVR Key Ratios
New Horizon Aircraft Ltd. (HOVR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|
| Return on Equity (ROE) | - | - | 200.77% | -215.06% |
| Return on Invested Capital (ROIC) | -113.34% | - | - | 250.37% |
| Debt / Equity | - | - | 0.01x | 0.01x |
| Interest Coverage | - | -28.14x | - | - |
| FCF Conversion | 0.81x | 0.41x | -1.79x | 0.35x |
HOVR SEC Filings & Documents
New Horizon Aircraft Ltd. (HOVR) SEC filings — annual & quarterly reports (10-K, 10-Q)
HOVR Frequently Asked Questions
New Horizon Aircraft Ltd. (HOVR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
New Horizon Aircraft Ltd. (HOVR) grew revenue by 0.0% over the past year. Growth has been modest.
New Horizon Aircraft Ltd. (HOVR) reported a net loss of $31.1M for fiscal year 2025.
Dividend & Returns
New Horizon Aircraft Ltd. (HOVR) has a return on equity (ROE) of 200.8%. This is excellent, indicating efficient use of shareholder capital.
New Horizon Aircraft Ltd. (HOVR) had negative free cash flow of $10.9M in fiscal year 2025, likely due to heavy capital investments.
Explore More HOVR
New Horizon Aircraft Ltd. (HOVR) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates