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Harbor Diversified(OTC) HRBR

Market Cap$122.70MMarket 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 (1997)-82%
5 Year-7%
1 Year+378%
1 Month+10%
$2.15
+2.38%
+0.05Today
Harbor Diversified last closing stock price
MetricPriceDate
Last closeUSD 2.152026-08-03
Harbor Diversified stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+2.38%USD 2.102026-07-27
1 month+9.69%USD 1.962026-07-02
3 month+37.82%USD 1.562026-05-05
Year to date+30.3%USD 1.652025-12-31
1 year+377.72%USD 0.452025-08-01
3 year-1.38%USD 2.182023-08-04
5 year-6.97%USD 2.312021-08-04
Since inception-82.03%USD 11.691997-03-27

Harbor Diversified Financials at a Glance

Market Cap

$122.70MMarket 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)

$104.64M

Net Income (TTM)

-$31.07M

EPS (TTM)

-$0.04

P/E Ratio

-57.53

Dividend

$0.00

Beta (Volatility)

6.59 (High)

Price

$2.15

Volume

267,675

Open

$2.10

Previous Close

$2.15

Daily Range

$2.10 - $2.16

52-Week Range

$0.25 - $2.16

Estimated Earnings Date

Mar 26, 2026

HRBR News

No articles available.

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About Harbor Diversified

Harbor Diversified provided regional air travel for major airlines in the US. Its services helped connect smaller cities to larger airline hubs. The company also leased aircraft and offered charter flights for specific travel needs.

Products and Services

  • Regional Airline Services: Operated flights for major airlines under contract; 98.9% of 2024 revenue.
  • Charter Flight Operations: Provided on-demand flights within the US; 1.1% of 2024 revenue.
  • Aircraft Leasing and Financing: Leased and financed aircraft for airline operations; revenue not material in 2024.
  • Aircraft Maintenance: Performed required maintenance and repairs for its fleet; revenue not separately disclosed.
  • Aircraft Parts Sales: Sold aircraft parts and rented aircraft; contributed an immaterial share of revenue.

Growth and Expansion

  • Shifted from United Airlines to American Airlines as main partner in June 2023.
  • Launched on-demand charter services in late 2024.
  • Amended contract with American Airlines in November 2024 to increase fixed and incentive revenues.
  • Sold all aviation assets, including Air Wisconsin, in January 2026 for $125.9 million.

What Makes Harbor Diversified Stand Out

The company relied on long-term contracts with major airlines, which reduced exposure to fuel price swings and passenger demand changes. Its business model focused on connecting smaller cities to larger airline networks. After selling its aviation assets, Harbor Diversified now holds mainly cash and securities, with no active operations.

Five Things You Need to Know

  • 2024 revenue was $202.4 million, up 1.6% from 2023.
  • Q3 2024 revenue was $54 million, up 7.0% from Q3 2023.
  • Net loss for 2024 was $17.2 million, compared to $16.0 million in 2023.
  • 98.9% of 2024 revenue came from American Airlines contracts.
  • As of January 2026, the company has no operating business or material assets except cash and securities.

Bottom Line

Harbor Diversified evolved from a regional airline operator to a cash-rich holding company. It now seeks new business opportunities after selling all aviation assets.

AI Generated • Apr 16, 2026

Industry

Airlines

Sector

Industrials

Employees

944

CEO

Christine R. Deister

Website

www.holliseden.com

Headquarters

Appleton, WI 54914-9120, US

HRBR Financials

Key Financial Metrics (TTM)

Gross Margin

-385.35%

Operating Margin

-639.96%

Net Income Margin

-533.71%

Return on Equity

-13.38%

Return on Capital

-19.52%

Return on Assets

-128.21%

Earnings Yield

-1.74%

Dividend Yield

0.00%

Payout Ratio

-2.47%

Stock Overview

Market Cap

$122.70MMarket 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

58.43M

Volume

267.68K

Avg. Volume

20.23K

Financials (TTM)

Gross Profit

-$23.38M

Operating Income

-$40.22M

EBITDA

-$15.34M

Operating Cash Flow

-$27.78M

Capital Expenditure

$180.00K

Free Cash Flow

-$27.60M

Cash & ST Invst.

$103.47M

Total Debt

$1.46M

Harbor Diversified Performance Analysis

Harbor Diversified annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20212021-12-31USD 247,579,000N/A
20222022-12-31USD 239,728,000-3.2%
20232023-12-31USD 199,205,000-16.9%
20242024-12-31USD 202,383,0001.6%
Harbor Diversified sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22024-06-308.0%
Q32024-09-3013.6%
Q22025-06-30N/A
Q32025-09-30-70.1%
Harbor Diversified annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20212021-12-31USD 1.29N/A
20222022-12-31USD 0.11-91.7%
20232023-12-31USD -0.39N/A
20242024-12-31USD -0.36-8.4%
Harbor Diversified sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22024-06-3013.0%
Q32024-09-30-1810.0%
Q22025-06-30N/A
Q32025-09-3066.7%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q3 2025YOY CHG

Revenue

$905.00K

-97.9%

Gross Profit

$0.00

-100.0%

Gross Margin

0.00%

N/A

Market Cap

$122.70MMarket 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

$129.98K

N/A

Employees

944

N/A

Net Income

-$5.14M

+46.2%

EBITDA

-$3.21M

-22.8%

Quarterly Fundamentals

Name
Q3 2025YOY CHG

Total Cash

$103.47M

-6.0%

Total Debt

$1.46M

-86.8%

Accounts Receivable

$546.00K

-88.1%

Inventory

$4.69M

-26.8%

Long Term Debt

$792.00K

-88.3%

Short Term Debt

$671.00K

-84.6%

Return on Assets

-1.28%

N/A

Return on Invested Capital

-786.16%

N/A

Free Cash Flow

-$21.78M

-944.8%

Operating Cash Flow

-$22.86M

-4279.5%

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Questions About HRBR

What is the current price of Harbor Diversified?

Harbor Diversified is trading at $2.15 per share.

What is the 52-week range for Harbor Diversified?

Over the past 52 weeks, Harbor Diversified has traded between $0.25 and $2.16.

How much debt does Harbor Diversified have?

As of the most recent reporting period, Harbor Diversified reported total debt of $5.74M.

How much cash does Harbor Diversified have on hand?

Harbor Diversified reported $17.83M in cash and cash equivalents in its most recent financial results.

What is Harbor Diversified’s dividend yield?

Harbor Diversified does not currently have a dividend yield.

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