Financial health
- The company is unprofitable; at its current free-cash-flow burn it has roughly 4.5 years of cash runway.
HOVR Financials New Horizon Aircraft Ltd.
4 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings, in CAD as reported — with a computed, factual read of the trend. Updated Overview →
Net income
ROEROA
Equity
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2026 | — | -CA$33M | — | — | -46.5% | -39.5% | -CA$17M | — | CA$78M |
| 2025 | — | CA$5M | — | — | 200.8% | 61.8% | -CA$9M | — | CA$8M |
| 2024 | — | -CA$8M | — | — | 45.5% | -165.0% | -CA$4M | — | CA$2M |
| 2023 | — | -CA$1M | — | — | 90.0% | -283.4% | — | — | CA$228000 |
Net income
ROEROA
Equity
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Aug '26 | — | -CA$4M | — | — | -6.0% | -5.4% | -CA$8M | — | CA$70M |
| May '26 | — | -CA$7M | — | — | -9.3% | -7.9% | -CA$5M | — | CA$78M |
| Feb '26 | — | -CA$7M | — | — | -48.8% | -31.5% | -CA$7M | — | CA$20M |
| Nov '25 | — | -CA$9M | — | — | -59.8% | -33.7% | -CA$3M | — | CA$24M |
| Aug '25 | — | -CA$11M | — | — | -100.8% | -64.0% | -CA$3M | — | — |
| May '25 | — | -CA$7M | — | — | -255.3% | -78.6% | -CA$3M | — | CA$8M |
| Feb '25 | — | -CA$5M | — | — | -70.6% | -47.9% | -CA$3M | — | — |
| Nov '24 | — | CA$20M | — | — | -835.7% | 1002.2% | — | — | — |
| Aug '24 | — | -CA$3M | — | — | 13.2% | -46.7% | — | — | — |
| May '24 | — | -CA$2M | — | — | 9.5% | -34.3% | -CA$3M | — | CA$2M |
| Feb '24 | — | -CA$5M | — | — | 32.9% | — | CA$476000 | — | — |
| Nov '23 | — | -CA$740000 | — | — | 74.0% | — | -CA$973000 | — | — |
| Aug '23 | — | -CA$416000 | — | — | 23.3% | — | -CA$421000 | — | — |
Valuation over time
How the market has priced HOVR against its own fundamentals since 2024-01 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has risen from 30.2× (Jun '25) to 52.0× (May '26).
P/E
Frequently asked questions
Is HOVR growing its revenue and profit?
See the revenue and net-income charts above for New Horizon Aircraft Ltd.'s multi-year trend.
How much debt does HOVR have?
As of FY2026, New Horizon Aircraft Ltd. reported — of total debt against CA$78M of cash.
What is HOVR's profit margin?
In FY2026, gross margin was —, operating margin —, and net margin —.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — its annual and interim reports, in CAD as reported (valuation multiples convert at the Federal Reserve H.10 rate of each date, via FRED) (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (annual and interim filings, reported in CAD) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · FX: Federal Reserve H.10 via FRED (DEXCAUS; 1 CAD = 0.7165 USD on 2026-10-30), the rate of each date for the valuation history · This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis. · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.