Saker Aviation Financials
This page shows Saker Aviation (SKAS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue volatility is overwhelming a sticky overhead base, while a cash-heavy balance sheet keeps the business financially flexible.
The key deterioration started before FY2025: after FY2023 generated$3.3M of free cash flow, FY2024 still reported$1.3M of net income. Yet operating cash flow had already flipped to-$600K , so the later loss looks like a second step in a weakening cash engine; with capital spending still minimal, the gap points to profit no longer converting into cash rather than reinvestment swallowing cash.
FY2025’s revenue collapse to
The balance sheet remains unusually liquid, with cash of
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Saker Aviation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Saker Aviation has an operating margin of -108.4%, meaning the company retains $-108 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 28.7% the prior year.
Saker Aviation's revenue declined 86.2% year-over-year, from $9.2M to $1.3M. This contraction results in a growth score of 0/100.
Saker Aviation carries a low D/E ratio of 0.04, meaning only $0.04 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 27.58, Saker Aviation holds $27.58 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Saker Aviation generated -$604K in operating cash flow, capex of $6K consumed most of it, leaving -$610K in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Saker Aviation generates a -12.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 19/100. This is down from 13.0% the prior year.
Saker Aviation passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Saker Aviation generates $0.55 in operating cash flow (-$604K OCF vs -$1.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Saker Aviation generated $1.3M in revenue in fiscal year 2025. This represents a decrease of 86.2% from the prior year.
Saker Aviation's EBITDA was -$1.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 151.7% from the prior year.
Saker Aviation reported -$1.1M in net income in fiscal year 2025. This represents a decrease of 186.9% from the prior year.
Saker Aviation earned $-1.09 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 187.9% from the prior year.
Cash & Balance Sheet
Saker Aviation generated -$610K in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 8.6% from the prior year.
Saker Aviation held $4.6M in cash against $0 in long-term debt as of fiscal year 2025.
Saker Aviation had 1M shares outstanding in fiscal year 2025. This represents an increase of 1.5% from the prior year.
Margins & Returns
Saker Aviation's gross margin was 40.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 10.2 percentage points from the prior year.
Saker Aviation's operating margin was -108.4% in fiscal year 2025, reflecting core business profitability. This is down 137.2 percentage points from the prior year.
Saker Aviation's net profit margin was -86.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 99.8 percentage points from the prior year.
Saker Aviation's ROE was -12.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 25.5 percentage points from the prior year.
Capital Allocation
Saker Aviation invested $6K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 91.0% from the prior year.
SKAS Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | $0 | $0-100.0% | $1.3M-53.3% | $2.7M+7.9% | $2.5M-4.5% | $2.6M+96.0% | $1.3M |
| Cost of Revenue | N/A | $0 | $0-100.0% | $749K-42.6% | $1.3M+4.9% | $1.2M+1.2% | $1.2M+74.4% | $706K |
| Gross Profit | N/A | $0 | $0-100.0% | $511K-63.4% | $1.4M+10.8% | $1.3M-9.5% | $1.4M+120.1% | $632K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | $264K-28.3% | $369K-63.4% | $1.0M+51.9% | $663K+45.4% | $456K-8.0% | $496K+15.1% | $431K |
| Operating Income | N/A | -$264K+28.3% | -$369K+25.6% | -$496K-167.7% | $733K-8.8% | $803K-10.3% | $896K+345.5% | $201K |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | $0 | $0 | $0-100.0% | $303K-11.6% | $343K+1905.3% | -$19K-118.1% | $105K |
| Net Income | N/A | -$164K+38.4% | -$266K+48.3% | -$515K-199.4% | $518K-10.8% | $581K+1955.4% | -$31K-116.7% | $187K |
| EPS (Diluted) | N/A | $-0.16+38.5% | $-0.26+49.0% | $-0.51 | N/A | $0.57+2000.0% | $-0.03-116.7% | $0.18 |
SKAS Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.1M-0.3% | $9.1M-2.7% | $9.3M-8.1% | $10.2M-6.6% | $10.9M+9.6% | $9.9M-6.3% | $10.6M-0.6% | $10.7M |
| Current Assets | $9.1M-0.3% | $9.1M-2.7% | $9.3M-8.1% | $10.2M-5.7% | $10.8M+9.0% | $9.9M-6.3% | $10.6M-0.5% | $10.6M |
| Cash & Equivalents | $4.6M-3.3% | $4.8M-5.6% | $5.1M-4.3% | $5.3M+0.1% | $5.3M+4.3% | $5.1M-15.8% | $6.0M-2.7% | $6.2M |
| Inventory | $0 | $0 | $0 | $0-100.0% | $7K+44.5% | $5K-47.4% | $9K+61.2% | $5K |
| Accounts Receivable | $0 | $0 | $0-100.0% | $188K-40.6% | $316K+34.1% | $236K-7.2% | $254K+6.4% | $239K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $328K+19.6% | $274K-30.2% | $393K-59.7% | $975K-19.3% | $1.2M+50.6% | $802K-61.4% | $2.1M-2.5% | $2.1M |
| Current Liabilities | $328K+19.6% | $274K-24.3% | $363K-59.6% | $898K-25.7% | $1.2M+50.6% | $802K-61.4% | $2.1M-2.5% | $2.1M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $8.7M-1.0% | $8.8M-1.5% | $8.9M-2.6% | $9.2M-5.0% | $9.7M+6.0% | $9.1M+7.1% | $8.5M-0.1% | $8.5M |
| Retained Earnings | -$11.4M-1.3% | -$11.3M-1.5% | -$11.1M-2.4% | -$10.9M-5.0% | -$10.4M+4.8% | -$10.9M+5.1% | -$11.5M-0.3% | -$11.4M |
SKAS Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$181K+28.1% | -$252K-21.8% | -$207K-693.8% | $35K-88.9% | $313K+133.9% | -$922K-401.4% | -$184K-195.0% | $193K |
| Capital Expenditures | $0 | $0 | $0-100.0% | $6K-90.7% | $66K | $0-100.0% | $1-100.0% | $2K |
| Free Cash Flow | -$181K+28.1% | -$252K-21.8% | -$207K-821.2% | $29K-88.4% | $247K+126.8% | -$922K-401.4% | -$184K-196.1% | $191K |
| Investing Cash Flow | -$18K+40.4% | -$31K-30.1% | -$24K+19.8% | -$30K+67.9% | -$93K-173.4% | -$34K-311.5% | $16K+101.7% | -$923K |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
SKAS Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | 40.6%-11.1pp | 51.6%+1.4pp | 50.3%-2.8pp | 53.1%+5.8pp | 47.2% |
| Operating Margin | N/A | N/A | N/A | -39.4%-66.5pp | 27.1%-5.0pp | 32.1%-2.1pp | 34.2%+19.1pp | 15.0% |
| Net Margin | N/A | N/A | N/A | -40.8%-60.0pp | 19.2%-4.0pp | 23.2%+24.4pp | -1.2%-15.2pp | 14.0% |
| Return on Equity | N/A | -1.9%+1.1pp | -3.0%+2.6pp | -5.6%-10.9pp | 5.3%-1.0pp | 6.4%+6.7pp | -0.4%-2.6pp | 2.2% |
| Return on Assets | N/A | -1.8%+1.1pp | -2.9%+2.2pp | -5.1%-9.8pp | 4.8%-1.1pp | 5.9%+6.2pp | -0.3%-2.1pp | 1.8% |
| Current Ratio | 27.58-5.5 | 33.12+7.3 | 25.77+14.5 | 11.31+2.4 | 8.92-3.4 | 12.34+7.3 | 5.08+0.1 | 4.98 |
| Debt-to-Equity | 0.040.0 | 0.03-0.0 | 0.04-0.1 | 0.11-0.0 | 0.12+0.0 | 0.09-0.2 | 0.240.0 | 0.25 |
| FCF Margin | N/A | N/A | N/A | 2.3%-6.9pp | 9.1%+45.9pp | -36.8%-29.8pp | -7.0%-21.3pp | 14.3% |
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Frequently Asked Questions
What is Saker Aviation's annual revenue?
Saker Aviation (SKAS) reported $1.3M in total revenue for fiscal year 2025. This represents a -86.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Saker Aviation's revenue growing?
Saker Aviation (SKAS) revenue declined by 86.2% year-over-year, from $9.2M to $1.3M in fiscal year 2025.
Is Saker Aviation profitable?
No, Saker Aviation (SKAS) reported a net income of -$1.1M in fiscal year 2025, with a net profit margin of -86.1%.
What is Saker Aviation's EBITDA?
Saker Aviation (SKAS) had EBITDA of -$1.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Saker Aviation's gross margin?
Saker Aviation (SKAS) had a gross margin of 40.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Saker Aviation's operating margin?
Saker Aviation (SKAS) had an operating margin of -108.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Saker Aviation's net profit margin?
Saker Aviation (SKAS) had a net profit margin of -86.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Saker Aviation's return on equity (ROE)?
Saker Aviation (SKAS) has a return on equity of -12.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Saker Aviation's free cash flow?
Saker Aviation (SKAS) generated -$610K in free cash flow during fiscal year 2025. This represents a 8.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Saker Aviation's operating cash flow?
Saker Aviation (SKAS) generated -$604K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Saker Aviation's total assets?
Saker Aviation (SKAS) had $9.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Saker Aviation's capital expenditures?
Saker Aviation (SKAS) invested $6K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Saker Aviation's current ratio?
Saker Aviation (SKAS) had a current ratio of 27.58 as of fiscal year 2025, which is generally considered healthy.
What is Saker Aviation's debt-to-equity ratio?
Saker Aviation (SKAS) had a debt-to-equity ratio of 0.04 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Saker Aviation's return on assets (ROA)?
Saker Aviation (SKAS) had a return on assets of -12.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Saker Aviation's cash runway?
Based on fiscal year 2025 data, Saker Aviation (SKAS) had $4.6M in cash against an annual operating cash burn of $604K. This gives an estimated cash runway of approximately 92 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Saker Aviation's Piotroski F-Score?
Saker Aviation (SKAS) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Saker Aviation's earnings high quality?
Saker Aviation (SKAS) has an earnings quality ratio of 0.55x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Saker Aviation?
Saker Aviation (SKAS) scores 36 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.