New Horizon Aircraft Ltd.

HOVR

New Horizon Aircraft Ltd.

HOVR

Insider Sentiment (TTM):

Last Purchase:2025-06-23Last Sale:2025-10-15Shares Purchased (TTM):0Shares Sold (TTM):336,000

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:1,612,196Shares Outstanding:44,329,214Institutional Ownership Pct.:3.64%

Earnings Market Reaction:

Filing Date:2026-07-16Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-05-31	2026-02-28	2025-11-30	2025-08-31	2025-05-31	2025-02-28	2024-11-30	2024-08-31	2024-05-31	2024-02-29	2023-12-31	2023-09-30	2023-06-30
Related Party	-	-	-	-	-	-	-	-	-	-	0	0	-
Forward Purchase Agreement	-	-	-	-	-	-	-	-	21	-	-	-	-
Common Class A	16	1	4	40	32	7	3	22	0	18	0	5	-
Common Class B	-	-	-	-	-	-	-	-	-	-	0	5	-
Temporary Equity Par Or Stated Value Per Share	-	-	-	-	-	-	-	-	-	-	-	0	-
Temporary Equity Shares Authorized	-	-	-	-	-	-	-	-	-	-	-	12	-
Temporary Equity Redemption Price Per Share	-	-	-	-	-	-	-	-	-	-	-	10.49	10.42
Preferred Stock Par Or Stated Value Per Share	-	-	-	-	-	-	-	-	-	-	0	0	0
Preferred Stock Shares Authorized	-	-	-	-	-	-	-	-	-	-	1	1	1
Class A Ordinary Shares To Be Issued	2	-	-	-	-	-	-	-	-	-	-	-	-
Assets
Cash And Cash Equivalents At Carrying Value	78	20	24	16	8	9	1	4	2	4	-	0	-
Cash	-	-	-	-	-	-	-	-	-	4	0	-	0
Prepaid Expense Current	4	1	0	0	1	1	1	2	0	2	0	0	0
Assets Current
Assets Current	83	21	25	17	8	10	2	6	0	7	0	0	1
Other Receivables Net Current	-	-	-	-	-	-	-	-	0	-	-	-	-
Accounts Receivable Net Current	1	0	0	0	0	0	0	0	0	0	-	-	-
Assets Held In Trust Noncurrent	-	-	-	-	-	-	-	-	-	-	122	121	120
Operating Lease Right Of Use Asset	0	0	0	0	0	0	0	0	0	0	-	-	-
Property Plant And Equipment Net	1	1	1	0	0	0	0	0	0	0	-	-	-
Assets	84	22	26	17	8	10	2	6	122	7	122	122	120
Liabilities And Stockhold…
Liabilities
Accounts Payable Current	3	1	1	0	1	1	0	1	1	1	1	0	0
Liabilities Current
Accrued Liabilities Current	1	0	3	2	1	1	0	0	0	1	0	0	-
Liabilities Current	4	1	4	2	1	1	1	1	1	2	1	1	0
Taxes Payable Current	-	-	-	-	-	-	-	-	-	-	-	1	-
Operating Lease Liability Current	0	0	0	0	0	0	0	0	0	0	-	-	-
Deferred Revenue Noncurrent	-	-	-	-	-	-	-	-	-	-	-	-	3
Derivative Liabilities Noncurrent	-	-	-	-	-	-	-	21	3	21	3	9	-
Warrants And Rights Outstanding	9	6	7	4	4	2	4	76	1	-	1	-	-
Temporary Equity Carrying Amount Attributable To P…	-	-	-	-	-	-	-	-	-	-	122	121	120
Operating Lease Liability Noncurrent	0	-	-	0	0	0	0	0	0	-	-	-	-
Liabilities	13	8	11	6	6	3	4	28	7	23	7	14	4
Common Stock Value	-	-	-	-	-	-	78	76	74	72	-	0	-
Preferred Stock Value	6	6	6	6	6	6	-	-	-	-	-	-	-
Additional Paid In Capital Common Stock	-	-	-	-	-	-79	-83	-81	-78	-	-	-	-
Stockholders Equity
Stockholders Equity	71	14	14	11	3	7	-2	-22	-7	-16	-7	-2	-3
Additional Paid In Capital	-59	-68	-72	-72	-79	-	-	-	-78	-76	-	-	-
Retained Earnings Accumulated Deficit	-43	-36	-29	-20	-9	-3	2	-18	-7	-13	-7	-13	-3
Liabilities And Stockholders Equity	84	22	26	17	8	10	2	6	122	7	122	122	120
Common Stock Shares Authorized	-	-	-	-	-	-	-	-	-	100	-	-	-
Preferred Stock Shares Issued	0	0	0	0	0	0	-	-	-	-	-	-	0
Preferred Stock Shares Outstanding	0	0	0	0	0	0	-	-	-	-	-	-	0

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10‑Q10‑K

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10‑Q10‑K

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	-10.10%	-42.51%	-45.64%	-11.48%	-8.13%	-29.67%	53.21%	44.87%	24.36%	34.00%	-	-
2025	-11.29%	117.74%	358.06%	-24.48%	-38.93%	-47.55%	26.48%	140.36%	306.17%	1.81%	72.89%	22.89%
2024	-	-	-	1.14%	0.57%	0.86%	0.48%	-3.04%	-84.79%	0.00%	-42.50%	-69.58%
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Performance and Valuation Metrics

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Metrics	2026-05-31	2026-02-28	2025-11-30	2025-08-31	2025-05-31	2025-02-28	2024-11-30	2024-08-31	2024-05-31	2024-02-29	2023-12-31	2023-09-30	2023-06-30
Liquidity Ratios
Current Ratio	22.76	14.81	6.51	7.97	6.16	7.11	2.76	4.05	0.12	2.85	0.12	0.18	3.12
Quick Ratio	21.72	14.04	6.43	7.80	5.76	6.59	1.42	2.62	0.05	1.97	0.05	0.05	1.76
Working Capital	79.21M	19.64M	21.03M	14.62M	6.85M	8.67M	1.12M	4.52M	-864.39K	4.26M	-864.39K	-1.03M	341.35K
Leverage & Debt
Debt to Equity	0.18	0.55	0.77	0.58	2.25	0.48	-1.83	-1.28	-1.03	-1.42	-1.03	-7.60	-1.20
Interest Coverage TTM	-47.51	-41.82	-45.33	-73.00	-110.45	-43.25	-39.30	-24.06	-9.26	-38.61	-18.31	-16.42	-
Debt Ratio	0.15	0.36	0.44	0.37	0.69	0.32	2.20	4.55	0.06	3.37	0.06	0.11	0.03
Efficiency & Turnover
Asset Turnover TTM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-
Receivables Turnover TTM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-	-
Per Share Metrics
Diluted EPS TTM	-0.77	-0.75	-0.74	-0.08	0.17	0.84	0.99	0.90	1.86	0.70	1.24	0.09	-
Free Cash Flow Per Share TTM	-0.41	-0.34	-0.26	-0.28	-0.37	-0.30	-0.27	-0.28	-0.41	-0.23	-0.29	-0.27	-
Dividend Per Share TTM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-
Growth Metrics
Net Income Growth (1Y)	-736.46%	-234.33%	-228.27%	-116.06%	-73.85%	200.21%	83.22%	3,923.81%	-	-	-	-	-
EPS Growth (1Y)	-482.11%	-189.31%	-171.93%	-108.32%	-89.20%	19.16%	-17.17%	961.13%	-	-	-	-	-
Valuation Metrics
P/E TTM	-3.80	-2.60	-2.23	-23.28	5.27	0.61	0.66	1.10	0.43	1.78	6.71	123.90	-
P/B TTM	1.77	6.09	4.80	6.01	10.58	2.14	-6.77	-0.86	-1.24	-0.91	-12.93	-29.95	-42.10
Market Cap	125.91M	86.00M	69.43M	64.99M	27.39M	14.94M	15.93M	19.11M	8.48M	14.62M	88.76M	53.55M	126.68M
Enterprise Value	107.88M	66.32M	45.13M	48.72M	19.85M	5.75M	15.04M	15.29M	8.47M	10.21M	88.75M	53.44M	126.39M
Calculated Values
Free Cash Flow TTM	-17.46M	-15.15M	-10.91M	-10.48M	-9.45M	-8.73M	-6.38M	-5.43M	-4.38M	-2.70M	-3.13M	-1.36M	-
Net Debt	-18.03M	-19.67M	-24.30M	-16.27M	-7.55M	-9.20M	-887.00K	-3.82M	-16.14K	-4.42M	-16.14K	-104.00K	-283.10K
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2025-10-15Sale

Owner: Merker, Brian Frederick

Title: Chief Executive Officer

Shares: 46,000

Price/Share: $4.00

Value: $184,000.00

Shares Owned: 265,286

Relationship: Officer

Ownership: Direct

2025-10-15Sale

Owner: Robinson, Eric Brandon

Title: Chief Executive Officer

Shares: 100,000

Price/Share: $3.42

Value: $342,000.00

Shares Owned: 1,372,510

Relationship: Director,Officer

Ownership: Indirect

2025-10-14Sale

Owner: Lee, Stewart Murray

Title: Head of People and Strategy

Shares: 100,000

Price/Share: $3.72

Value: $372,000.00

Shares Owned: 163,588

Relationship: Officer

Ownership: Direct

2025-09-24Sale

Owner: Robinson, Eric Brandon

Title: Chief Executive Officer

Shares: 90,000

Price/Share: $2.24

Value: $201,600.00

Shares Owned: 1,612,510

Relationship: Director,Officer

Ownership: Indirect

2025-08-07Sale

Owner: O'Neill, Jason Michael

Title: Chief Operating Officer

Shares: 22,000

Price/Share: $1.79

Value: $39,380.00

Shares Owned: 321,598

Relationship: Director,Officer

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2025-10-15	Merker, Brian Frederick	Officer	Chief Executive Officer	Direct	Sale	46,000	4.00	$184,000.00	265,286	4
2025-10-15	Robinson, Eric Brandon	Director,Officer	Chief Executive Officer	Indirect	Sale	100,000	3.42	$342,000.00	1,372,510	4
2025-10-14	Lee, Stewart Murray	Officer	Head of People and Strategy	Direct	Sale	100,000	3.72	$372,000.00	163,588	4
2025-09-24	Robinson, Eric Brandon	Director,Officer	Chief Executive Officer	Indirect	Sale	90,000	2.24	$201,600.00	1,612,510	4
2025-08-07	O'Neill, Jason Michael	Director,Officer	Chief Operating Officer	Direct	Sale	22,000	1.79	$39,380.00	321,598	4
2025-08-06	Lee, Stewart Murray	Officer	Head of People & Strategy	Direct	Sale	10,000	1.75	$17,500.00	228,194	4
2025-07-23	Robinson, Eric Brandon	Director,Officer	Chief Executive Officer	Indirect	Sale	43,583	1.70	$74,091.10	1,992,510	4
2025-07-02	Robinson, Eric Brandon	Director,Officer	Chief Executive Officer	Indirect	Sale	250,000	1.75	$437,500.00	2,067,510	4
2025-06-27	Lee, Stewart Murray	Officer	Head of People & Strategy	Direct	Sale	50,000	1.78	$89,000.00	248,194	4
2025-06-23	O'Neill, Jason Michael	Director,Officer	Chief Operating Officer	Direct	Purchase	656	2.25	$1,476.00	266,624	4
2025-06-23	Lee, Stewart Murray	Officer	Head of People & Strategy	Direct	Purchase	164	2.25	$369.00	258,194	4
2025-06-23	Robinson, Eric Brandon	Director,Officer	Chief Executive Officer	Direct	Purchase	1,111	2.25	$2,499.75	47,037	4
2025-06-23	Merker, Brian Frederick	Officer	Chief Financial Officer	Direct	Purchase	751	2.25	$1,689.75	32,351	4
2025-05-20	Lee, Stewart Murray	Officer	Head of People & Strategy	Direct	Purchase	519	0.69	$358.11	258,030	4
2025-05-20	O'Neill, Jason Michael	Director,Officer	Chief Operating Officer	Direct	Purchase	2,077	0.69	$1,433.13	265,968	4
2025-05-20	Robinson, Eric Brandon	Director,Officer	Chief Executive Officer	Direct	Purchase	3,625	0.69	$2,501.25	45,926	4
2025-05-20	Merker, Brian Frederick	Officer	Chief Financial Officer	Direct	Purchase	2,379	0.69	$1,641.51	31,600	4
2025-02-26	Shindo, Dustin M	Other	-	Direct	Sale	65,500	0.49	$32,095.00	1,308,793	4
2024-09-18	Shindo, Dustin M	TenPercentOwner	-	Direct	Sale	102,000	0.82	$83,640.00	1,537,563	4
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Institutional Ownership

No data available for chart

2026-03-31

3.64%

Inst. Shares: 1,612,196

Shares Outstanding: 44,329,214

2025-12-31

2.81%

Inst. Shares: 1,182,973

Shares Outstanding: 42,081,417

2025-09-30

4.46%

Inst. Shares: 1,657,041

Shares Outstanding: 37,135,908

2025-06-30

4.92%

Inst. Shares: 1,270,369

Shares Outstanding: 25,844,200

2025-03-31

0.36%

Inst. Shares: 107,077

Shares Outstanding: 29,474,362

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	1,612,196	44,329,214	3.64%
2025-12-31	1,182,973	42,081,417	2.81%
2025-09-30	1,657,041	37,135,908	4.46%
2025-06-30	1,270,369	25,844,200	4.92%
2025-03-31	107,077	29,474,362	0.36%
2024-12-31	220,470	23,599,144	0.93%
2024-09-30	18,037	19,246,089	0.09%
2024-06-30	648,827	10,717,378	6.05%
2024-03-31	795,958	11,698,789	6.80%
2023-12-31	5,433,792	10,668,603	50.93%
2023-09-30	9,340,330	5,075,420	184.03%
2023-06-30	7,905,061	12,168,875	64.96%
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New Horizon Aircraft Ltd. (HOVR) — SEC Financial Statements & Analysis

New Horizon Aircraft Ltd. (HOVR) is a aircraft company, incorporated in A1. New Horizon Aircraft Ltd. trades on Nasdaq as: HOVR, HOVRW. Based on its latest SEC filing (Form 10-Q, period ending 2026-05-31), New Horizon Aircraft Ltd. reported a Debt-to-Equity ratio of 0.18x, a Price-to-Book (P/B) ratio of 1.77x (TTM), at a market cap of $125.91M. Figures below are sourced from SEC EDGAR, as-filed.

Debt To Equity: 0.18x
P/B TTM: 1.77x
Market Cap: $125.91M

Data as of 2026-05-31 · Source: SEC EDGAR

Frequently Asked Questions

What industry is New Horizon Aircraft Ltd. in?

New Horizon Aircraft Ltd. (HOVR) operates in the Aircraft industry.

What is HOVR's market cap?

New Horizon Aircraft Ltd. (HOVR) has a market capitalization of $125.91M as of 2026-05-31.

What exchange does HOVR trade on?

New Horizon Aircraft Ltd. (HOVR) trades on the Nasdaq.

Where is New Horizon Aircraft Ltd. incorporated?

New Horizon Aircraft Ltd. is incorporated in British Columbia, Canada.