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New Horizon Aircraft HOVR Forward Purchase Agreement Termination

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Other financials

Income statement

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Operating income-$7.6M-114%
Net income-$6.9M-39.6%
EPS (diluted)-$0.16+5.9%

Balance sheet

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Cash & equivalents$19.7M+114%
Total debt$89.0K+154%
Total equity$14.1M+102%
Total assets$21.9M+112%

Cash flow

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Operating cash flow-$6.8M-160%
CapEx$140.0K+53.8%
Free cash flow-$7.0M-156%

Valuation

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Market cap$119.82M+153%
Enterprise value$100.24M+151%

Returns & leverage

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Return on equity-297.2%
Debt / equity0.0×
Current ratio14.8×+7.7×

Where this comes from

Reported directly by New Horizon Aircraft in its filing.

Tagged under the XBRL concept hovr:ForwardPurchaseAgreementTermination.

The official record: New Horizon Aircraft’s 10-Q, filed October 10, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is New Horizon Aircraft's forward purchase agreement termination?
New Horizon Aircraft (HOVR) reported forward purchase agreement termination of -$8.25M in Q2 2025.
How has New Horizon Aircraft's forward purchase agreement termination changed year-over-year?
New Horizon Aircraft's forward purchase agreement termination decreased by 11974.8% year-over-year, from $69.5K to -$8.25M.
What does forward purchase agreement termination mean?
Captures the cash impact resulting from the cancellation or settlement of forward purchase agreements related to equity or asset acquisitions. This metric reflects the company's strategic adjustments to its capital structure or investment commitments. It is critical for understanding non-recurring cash flows that deviate from standard financing operations.