SequelSEC

New Horizon Aircraft Ltd. HOVR

Aircraft · CIK 0001930021 · Fiscal year ends 0531

AnnualQuarterlyTTM

Figures are reported in CAD, not US dollars, and are shown as filed. Nothing here is converted, so comparing them with a dollar figure compares two different currencies.

Revenue
Unavailable
Fiscal year ended 2026-05-31
Operating income
-CAD 23.47M
Fiscal year ended 2026-05-31
Free cash flow
-CAD 17.46M
Fiscal year ended 2026-05-31

Valuation, from the filing

Public float$72.48MMarket value of stock held by non-affiliates, as stated on the cover page for 2025-11-28
Float per share$1.08Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-11-28, not today.

How this compares in its industry

Percentile among the Aircraft filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
Current ratio22.76x25th

New Horizon Aircraft Ltd. (HOVR) reported net income of -$33.10M for the fiscal year ended 2026-05-31. This page shows 4 annual periods of income statement, balance sheet and cash flow figures normalized from New Horizon Aircraft Ltd.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Aircraft.

Income

New Horizon Aircraft Ltd. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-05-312025-05-312024-05-312023-05-31
RevenueUnavailableUnavailableUnavailableUnavailable
Cost of revenueUnavailableUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailable
Operating income-CAD 23.47M-CAD 13.58M-CAD 4.62M-CAD 1.46M
Net income-CAD 33.10MCAD 5.20M-CAD 8.16M-CAD 1.25M
Research & developmentCAD 13.24MCAD 3.66MCAD 880.00KCAD 676.00K
Weighted-average diluted sharesshares 43.05Mshares 30.76Mshares 10.72Mshares 7.33M
Pretax income-CAD 33.10MCAD 5.20M-CAD 8.16M-CAD 1.25M
Income tax expenseUnavailableUnavailableUnavailableUnavailable
Diluted EPSCAD -0.77CAD 0.17CAD -0.76CAD -0.17
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailable
General & administrativeCAD 10.22MCAD 9.92MCAD 3.74MCAD 787.00K
Selling & marketingUnavailableUnavailableUnavailableUnavailable

Balance

New Horizon Aircraft Ltd. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-05-312025-05-312024-05-312023-05-31
Cash & equivalentsCAD 78.28MCAD 7.55MCAD 1.82MCAD 228.00K
Total assetsCAD 83.80MCAD 8.41MCAD 4.94MCAD 440.00K
Current assetsCAD 82.85MCAD 8.17MCAD 4.66MCAD 246.00K
Total liabilitiesCAD 12.69MCAD 5.82MCAD 22.88MCAD 1.82M
Current liabilitiesCAD 3.64MCAD 1.33MCAD 1.33MCAD 1.49M
Total equity incl. NCICAD 71.11MCAD 2.59M-CAD 17.93M-CAD 1.38M
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailable
InventoryUnavailableUnavailableUnavailableUnavailable
Accounts receivableCAD 798.00KCAD 96.00KCAD 417.00KUnavailable
GoodwillUnavailableUnavailableUnavailableUnavailable
Long-term debtUnavailableUnavailableUnavailableUnavailable
Accounts payableCAD 2.77MCAD 679.00KCAD 715.00KCAD 172.00K

Cash flow

New Horizon Aircraft Ltd. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-05-312025-05-312024-05-312023-05-31
Operating cash flow-CAD 16.49M-CAD 9.31M-CAD 3.31M-CAD 1.09M
Capital expendituresCAD 967.00KCAD 142.00KCAD 209.00KUnavailable
Investing cash flow-CAD 967.00K-CAD 142.00K-CAD 209.00KUnavailable
Financing cash flowCAD 88.19MCAD 15.18MCAD 5.10MCAD 1.31M
Net change in cashUnavailableUnavailableUnavailableUnavailable
Stock-based compensationCAD 7.16MCAD 1.49MCAD 66.00KCAD 55.00K
Common dividends paidUnavailableUnavailableUnavailableUnavailable
Common share repurchasesUnavailableUnavailableUnavailableUnavailable
Depreciation & amortizationCAD 298.00KCAD 138.00KCAD 56.00KCAD 27.00K

Derived

New Horizon Aircraft Ltd. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-05-312025-05-312024-05-312023-05-31
Free cash flow-CAD 17.46M-CAD 9.45M-CAD 3.52MUnavailable
Gross marginUnavailableUnavailableUnavailableUnavailable
Operating marginUnavailableUnavailableUnavailableUnavailable
FCF marginUnavailableUnavailableUnavailableUnavailable
SBC / revenueUnavailableUnavailableUnavailableUnavailable
Current ratio22.76x6.16x3.50x0.17x
Revenue YoY growthUnavailableUnavailableUnavailableUnavailable
Net marginUnavailableUnavailableUnavailableUnavailable
R&D / revenueUnavailableUnavailableUnavailableUnavailable
CapEx / revenueUnavailableUnavailableUnavailableUnavailable
Long-term debt / equityUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailableUnavailableUnavailableUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open HOVR in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-10-09View SEC filing
10-K · Filed 2026-07-16View SEC filing
10-Q · Filed 2026-04-14View SEC filing
10-Q · Filed 2026-01-14View SEC filing
10-Q · Filed 2025-10-10View SEC filing
10-K · Filed 2025-08-22View SEC filing

Companies in the same industry

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Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.