New Horizon Aircraft Ltd. financial data

Symbol
HOVR, HOVRW on Nasdaq
Location
3187 Highway 35, Lindsay, Ontario, Canada
Fiscal year end
May 31
Latest financial report
10-Q - Q3 2025 - Oct 10, 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 670 %
Debt-to-equity 109 %
Return On Equity -61.9 % -183%
Return On Assets -29.6 %

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 41M shares +66.7%
Entity Public Float 14.2M USD -88.3%
Common Stock, Value, Issued 78.3M CAD
Weighted Average Number of Shares Outstanding, Basic 37.1M shares +93%
Weighted Average Number of Shares Outstanding, Diluted 37.1M shares +93%

Income Statement

Label TTM Value / Value Unit Change %
Research and Development Expense 6.08M CAD +489%
General and Administrative Expense 10.7M CAD +81%
Operating Income (Loss) -16.8M CAD -142%
Nonoperating Income (Expense) 14M CAD -2324%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -2.79M CAD +73.8%
Income Tax Expense (Benefit) 757K USD
Net Income (Loss) Attributable to Parent -2.79M CAD +73.8%
Earnings Per Share, Basic 0 CAD/shares -93.3%
Earnings Per Share, Diluted 0 CAD/shares -93.3%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 1.82M CAD +696%
Accounts Receivable, after Allowance for Credit Loss, Current 81K CAD +37.3%
Assets, Current 16.7M CAD +179%
Property, Plant and Equipment, Net 298K CAD +70.3%
Operating Lease, Right-of-Use Asset 25K CAD -60.3%
Assets 17M CAD +173%
Accounts Payable, Current 382K CAD -69.1%
Accrued Liabilities, Current 1.69M CAD +698%
Liabilities, Current 2.1M CAD +41.4%
Operating Lease, Liability, Noncurrent 2K CAD -92%
Liabilities 6.23M CAD -78%
Retained Earnings (Accumulated Deficit) -20.4M CAD -15.9%
Stockholders' Equity Attributable to Parent 10.8M CAD
Liabilities and Equity 17M CAD +173%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -2.36M CAD -60.3%
Net Cash Provided by (Used in) Financing Activities 11.2M CAD +222%
Net Cash Provided by (Used in) Investing Activities -139K CAD
Common Stock, Shares Authorized 100M shares
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 433K USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 16.3M CAD +326%
Interest Paid, Excluding Capitalized Interest, Operating Activities 1K CAD 0%
Deferred Tax Assets, Valuation Allowance 5.14M CAD +177%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 185K USD +811%
Operating Lease, Liability 62K USD
Depreciation 159K CAD +98.8%
Payments to Acquire Property, Plant, and Equipment 139K CAD
Lessee, Operating Lease, Liability, to be Paid 69K USD
Property, Plant and Equipment, Gross 533K CAD +78.3%
Operating Lease, Liability, Current 23K CAD -36.1%
Lessee, Operating Lease, Liability, to be Paid, Year Two 8K USD
Lessee, Operating Lease, Liability, to be Paid, Year One 24K USD
Operating Lease, Weighted Average Discount Rate, Percent 0.1 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 7K USD
Lessee, Operating Lease, Liability, to be Paid, Year Three 8K CAD
Deferred Tax Assets, Operating Loss Carryforwards 4.89M CAD +180%
Preferred Stock, Shares Issued 4.5K shares
Preferred Stock, Shares Authorized 100M shares +9900%
Unrecognized Tax Benefits 0 USD
Additional Paid in Capital -71.7M CAD
Preferred Stock, Shares Outstanding 4.5K shares
Deferred Tax Assets, Net of Valuation Allowance 8K CAD -60%
Share-based Payment Arrangement, Expense 194K CAD
Interest Expense 15K USD -28.6%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%