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New Horizon Aircraft(NASDAQ) HOVR

Current Price$1.78
Market Cap$118.95MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2023)-83%
5 YearN/A
1 Year+9%
1 Month-5%
New Horizon Aircraft last closing stock price
MetricPriceDate
Last closeUSD 1.782026-07-24
New Horizon Aircraft stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+13.38%USD 1.572026-07-17
1 month-5.32%USD 1.882026-06-24
3 month-6.81%USD 1.912026-04-24
Year to date+21.09%USD 1.472025-12-31
1 year+9.2%USD 1.632025-07-24
3 year-82.95%USD 10.442023-07-25
Since inception-82.57%USD 10.212023-04-03

New Horizon Aircraft Financials at a Glance

Market Cap

$118.95MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

CA$0.00

Net Income (TTM)

-CA$33.15M

EPS (TTM)

-$0.57

P/E Ratio

-3.14

Dividend

$0.00

Beta (Volatility)

1.38 (Average)

Price

$1.78

Volume

30,715

Open

$1.83

Previous Close

$1.78

Daily Range

$1.77 - $1.86

52-Week Range

$1.16 - $4.18

Estimated Earnings Date

Oct 9, 2026

HOVR News

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About New Horizon Aircraft

New Horizon Aircraft designs aircraft that can take off and land vertically. Its main product aims to help air operators move people or goods between cities. The company focuses on making regional air travel more flexible and efficient.

Products and Services

  • Cavorite X7 Aircraft: Hybrid-electric, seven-seat aircraft for vertical takeoff and landing; targets air operators and military clients. (0% of revenue, as company is pre-revenue)
  • Technology Licensing: Plans to license patented fan-in-wing technology to other aircraft manufacturers. (0% of revenue)
  • Prototype Development: Builds and tests small-scale and full-scale aircraft prototypes for research and certification. (0% of revenue)

Growth and Expansion

  • Went public on NASDAQ in April 2023 to access capital markets.
  • Partnered with Cert Centre Canada for certification planning in 2024.
  • Applied for Canadian government grants, including a $10.5 million project in 2025.
  • Expanded prototype testing with a 50%-scale aircraft completed in 2025; full-scale demonstrator under construction.

What Makes New Horizon Special

New Horizon uses hybrid-electric technology to combine vertical takeoff with longer range. Its dual-use certification strategy targets both civilian and military markets. The company also plans to license its core technology to other manufacturers.

Five Things You Need to Know

  • No revenue reported for Q1 2026, unchanged from previous two years.
  • Operating loss was $6 million in Q1 2026, down 118.4% from Q1 2025.
  • Net loss reached $11 million in Q1 2026, down 274.5% from Q1 2025.
  • Cash and equivalents were $16.27 million CAD as of August 31, 2025.

Bottom Line

New Horizon remains in the development stage, focusing on hybrid-electric aircraft for regional air mobility. The company faces high costs and no revenue as it works toward certification and commercialization.

AI Generated • Apr 16, 2026

Industry

Aerospace and Defense

Sector

Industrials

Employees

56

CEO

Brandon E. Robinson, MBA

Website

www.horizonaircraft.com

Headquarters

Lindsay, ON K9V 4R1, CA

HOVR Financials

Key Financial Metrics (TTM)

Gross Margin

0.00%

Operating Margin

0.00%

Net Income Margin

0.00%

Return on Equity

-90.30%

Return on Capital

-32.97%

Return on Assets

-28.64%

Earnings Yield

-31.85%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$118.95MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

66.83M

Volume

30.71K

Avg. Volume

2.40M

Financials (TTM)

Gross Profit

-CA$168.71K

Operating Income

-CA$23.50M

EBITDA

-CA$31.74M

Operating Cash Flow

-CA$21.66M

Capital Expenditure

-CA$1.13M

Free Cash Flow

-CA$22.79M

Cash & ST Invst.

CA$108.12M

Total Debt

CA$99.44K

New Horizon Aircraft Performance Analysis

New Horizon Aircraft annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20232023-12-31CAD 0N/A
20242024-05-31CAD 0N/A
20252025-05-31CAD 0N/A
20262026-05-31CAD 0N/A
New Horizon Aircraft sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q12025-08-31N/A
Q22025-11-30N/A
Q32026-02-28N/A
Q42026-05-31N/A
New Horizon Aircraft annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20232023-12-31CAD 0.55N/A
20242024-05-31CAD -0.56N/A
20252025-05-31CAD 0.12N/A
20262026-05-31CAD -0.56N/A
New Horizon Aircraft sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q12025-08-31-38.1%
Q22025-11-3027.6%
Q32026-02-2828.6%
Q42026-05-31-13.3%

Revenue Growth Rate

Annual and quarterly growth comparison

Currently no data to display.

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q4 2026YOY CHG

Revenue

CA$0.00

N/A

Gross Profit

-CA$111.64K

N/A

Gross Margin

0.00%

N/A

Market Cap

$118.95MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$3.96M

N/A

Employees

30

N/A

Net Income

-CA$6.68M

-1.1%

EBITDA

-CA$4.77M

+27.4%

Quarterly Fundamentals

Name
Q4 2026YOY CHG

Total Cash

CA$108.12M

+1332.6%

Total Debt

CA$99.44K

+231.5%

Accounts Receivable

CA$1.10M

+1048.1%

Inventory

CA$0.00

N/A

Long Term Debt

CA$29.00K

+262.6%

Short Term Debt

CA$70.44K

+220.2%

Return on Assets

-28.64%

N/A

Return on Invested Capital

-21.23%

N/A

Free Cash Flow

-CA$6.71M

-163.2%

Operating Cash Flow

-CA$6.50M

-159.3%

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Questions About HOVR

What is the current price of New Horizon Aircraft?

New Horizon Aircraft is trading at $1.78 per share.

What is the 52-week range for New Horizon Aircraft?

Over the past 52 weeks, New Horizon Aircraft has traded between $1.16 and $4.18.

How much debt does New Horizon Aircraft have?

As of the most recent reporting period, New Horizon Aircraft reported total debt of CA$52.27K.

How much cash does New Horizon Aircraft have on hand?

New Horizon Aircraft reported CA$56.82M in cash and cash equivalents in its most recent financial results.

What is New Horizon Aircraft’s dividend yield?

New Horizon Aircraft does not currently have a dividend yield.

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