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SAKER AVIATION SVCS (SKAS) Financials

SKAS
FY2025 annual
Revenue $1.3M -86.2% YoY
Net Income -$1.1M -186.9% YoY
EPS (Diluted) -$1.09 -187.9% YoY
Free Cash Flow -$610K +8.6% YoY
Market Cap $6.6M as of Sep 18, 2026
Price / Sales 5.2x on $1.3M revenue, FY2025
Price / Earnings n/m net loss, so no earnings multiple, FY2025
Price / Book 0.8x on $8.5M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 18, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SKAS SEC filings page.

SAKER AVIATION SVCS (SKAS) reported $1.3M in revenue for fiscal year 2025, down 86.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI SKAS FY2025

A sharp revenue contraction exposed how quickly fixed operating costs can overwhelm an otherwise lightly leveraged aviation-services balance sheet.

Cash conversion flipped between FY2023 and FY2024: operating cash flow went from $3.3M to -$600K. That reversal occurred while net income remained positive in both years, shifting earnings quality from cash-backed to cash-deficient; the FY2025 cash outflow broadly matched the net loss, making the current shortfall visible in both accounting and cash measures.

The FY2025 revenue contraction left SG&A at $1.9M even as gross profit fell to $516K. Overhead thus exceeded gross profit by more than threefold, producing a negative operating margin of -108.4% rather than merely trimming profitability.

The balance-sheet posture stayed lightly burdened: FY2025 liabilities were $328K against $9.1M of assets. This financing-light structure means the visible pressure is primarily operational, not the result of heavy leverage; the supplied figures do not establish immediate cash availability.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

SAKER AVIATION SVCS does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Altman Z-Score Safe
11.05

SAKER AVIATION SVCS scores 11.05, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($6.6M) relative to total liabilities ($328K). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial
2/8

SAKER AVIATION SVCS passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality No Cash Backing
N/A

SAKER AVIATION SVCS reported a net loss of $1.1M while operations used $604K of cash. With neither figure positive, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

Revenue
$15K
QoQ0.0%

SAKER AVIATION SVCS generated $15K in revenue in Q2 2026. It is unchanged from the prior quarter.

EBITDA
-$99K
YoY+73.3%
QoQ+67.5%

SAKER AVIATION SVCS's EBITDA was -$99K in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 73.3% from the same quarter a year earlier. Against the prior quarter it is up 67.5%.

Net Income
-$21K
YoY+92.0%
QoQ+90.5%

SAKER AVIATION SVCS reported -$21K in net income in Q2 2026. This represents an increase of 92.0% from the same quarter a year earlier. Against the prior quarter it is up 90.5%.

EPS (Diluted)
-$0.02
YoY+92.3%
QoQ+90.9%

SAKER AVIATION SVCS earned -$0.02 per diluted share (EPS) in Q2 2026. This represents an increase of 92.3% from the same quarter a year earlier. Against the prior quarter it is up 90.9%.

Cash & Balance Sheet

Free Cash Flow
-$258K
YoY-25.1%
QoQ-347.4%

SAKER AVIATION SVCS recorded an outflow of $258K in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 25.1% from the same quarter a year earlier. Against the prior quarter it is down 347.4%.

Cash & Debt
$4.2M
YoY-16.2%
QoQ-6.4%
5Y CAGR+18.9%
10Y CAGR+12.3%

SAKER AVIATION SVCS held $4.2M in cash as of Q2 2026; long-term debt is not reported for that period.

Shares Outstanding
1M
YoY+1.3%
QoQ0.0%
5Y CAGR-0.4%
10Y CAGR-29.5%

SAKER AVIATION SVCS had 1M shares outstanding in Q2 2026. This represents an increase of 1.3% from the same quarter a year earlier. It is unchanged from the prior quarter.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin
-79.2%
QoQ-33.3pp

SAKER AVIATION SVCS's gross margin was -79.2% in Q2 2026, indicating the percentage of revenue retained after direct costs. Against the prior quarter it is down 33.3 percentage points.

Return on Equity
-0.3%
YoY+2.7pp
QoQ+2.4pp

SAKER AVIATION SVCS's ROE was -0.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 2.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.4 percentage points.

Operating Margin

Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Net Margin

Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Capital Allocation

Capital Expenditures
$0

SAKER AVIATION SVCS reported no capital expenditure in Q2 2026.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

SKAS Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SKAS quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-Q/AQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q/A
Revenue$15K$15K-98.8%N/A$0-100.0%$0-100.0%$1.3M-5.8%$2.7M+7.3%$2.5M-3.1%
Cost of Revenue$27K$22K-97.1%N/A$0-100.0%$0-100.0%$749K+6.1%$1.3M+92.2%$1.2M+123.6%
Gross Profit-$12K-$7K-101.3%N/A$0-100.0%$0-100.0%$511K-19.1%$1.4M-24.1%$1.3M-37.9%
SG&A Expenses$87K-76.5%$296K-70.6%N/A$264K-42.1%$369K-25.6%$1.0M+133.7%$663K-10.2%$456K-4.7%
Operating Income-$99K+73.3%-$303K+38.9%N/A-$264K-132.9%-$369K-141.2%-$496K-346.7%$733K-33.4%$803K-48.1%
EBITDA-$99K+73.3%-$303K+38.4%N/A-$264K-132.7%-$369K-141.0%-$492K-340.2%$736K-33.3%$807K-48.0%
Income Tax$0$0N/A$0-100.0%$0+100.0%$0-100.0%$303K-39.8%$343K-48.7%
Net Income-$21K+92.0%-$223K+56.6%N/A-$164K-128.2%-$266K-750.2%-$515K-374.8%$518K-24.1%$581K-50.5%
EPS (Basic)-$0.02+92.6%-$0.22+57.7%-$0.14-126.9%-$0.16-127.1%-$0.27-800.0%-$0.52-373.7%$0.52-24.6%$0.59-50.8%
EPS (Diluted)-$0.02+92.3%-$0.22+56.9%-$0.16-131.4%-$0.16-128.1%-$0.26-766.7%-$0.51-383.3%$0.51-26.1%$0.57-51.7%
Diluted Shares (Avg)1M+0.2%1M+0.1%N/A1M-0.7%1M-1.2%1M0.0%N/A1M+2.6%

Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.

SKAS Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SKAS quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-Q/AQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q/A
Total Assets$8.7M-7.4%$9.0M-11.9%$9.1M-16.8%$9.1M-8.5%$9.3M-11.9%$10.2M-4.7%$10.9M+2.6%$9.9M+4.5%
Current Assets$8.7M-7.4%$9.0M-11.9%$9.1M-16.0%$9.1M-8.2%$9.3M-11.5%$10.2M-4.3%$10.8M+2.1%$9.9M+4.6%
Cash & Equivalents$4.2M-16.2%$4.5M-14.4%$4.6M-12.6%$4.8M-5.7%$5.1M-15.9%$5.3M-14.5%$5.3M-23.6%$5.1M-17.5%
Short-Term Investments$3.8M+3.5%$3.7M+3.9%$3.7M+3.8%$3.7M+4.2%$3.6M+4.8%$3.6M+3.5%$3.6M+39.7%$3.5M+45.1%
InventoryN/AN/A$0-100.0%$0-100.0%$0-100.0%$0-100.0%$7K+482.0%$5K-24.7%
Accounts Receivable$0$10K-94.7%$0-100.0%$0-100.0%$0-100.0%$188K-21.4%$316K+7.3%$236K-2.1%
Long-Term Investments$0$0$0$0$0$0$0$0
Total Liabilities$160K-59.4%$449K-54.0%$328K-72.8%$274K-65.8%$393K-81.1%$975K-54.2%$1.2M-47.3%$802K-57.5%
Current Liabilities$160K-55.9%$449K-50.0%$328K-72.8%$274K-65.8%$363K-82.6%$898K-57.9%$1.2M-47.3%$802K-57.5%
Non-Current Liabilities$0-100.0%$0-100.0%$0$0$31K$77K$0$0
Total Equity$8.5M-5.1%$8.5M-7.4%$8.7M-9.8%$8.8M-3.5%$8.9M+5.0%$9.2M+7.7%$9.7M+16.3%$9.1M+19.8%
Retained Earnings-$11.7M-5.0%-$11.7M-7.3%-$11.4M-10.5%-$11.3M-3.9%-$11.1M+2.8%-$10.9M+4.8%-$10.4M+10.8%-$10.9M+11.5%

Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.

SKAS Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SKAS quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-Q/AQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q/A
Operating Cash Flow-$258K-25.1%-$58K-266.1%-$181K-157.8%-$252K+72.7%-$207K-12.3%$35K-82.0%$313K-56.2%-$922K-147.6%
Depreciation & Amortization$0$0-100.0%N/A$0-100.0%$0-100.0%$4K0.0%$3K-2.9%$4K-5.5%
Stock-Based CompensationN/A$6K-79.1%N/AN/AN/A$27K+6.6%N/AN/A
Capital Expenditures$0$0-100.0%$0-100.0%$0$0-100.0%$6K+183.2%$66K$0-100.0%
Free Cash Flow-$258K-25.1%-$58K-301.7%-$181K-173.2%-$252K+72.7%-$207K-12.3%$29K-85.0%$247K-65.5%-$922K-148.1%
Investing Cash Flow-$32K-33.8%-$34K-14.2%-$18K+80.0%-$31K+8.5%-$24K-248.8%-$30K+96.8%-$93K-257.0%-$34K+98.6%

Not reported in any period shown, so not listed: Financing Cash Flow, Dividends Paid, Share Buybacks.

SKAS Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SKAS quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-Q/AQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q/A
Gross Margin-79.2%-45.8%-86.4ppN/AN/AN/A40.6%-6.7pp51.6%-21.4pp50.3%-28.2pp
Operating Margin-657.4%-2022.2%N/AN/AN/A-39.4%-54.4pp27.1%-16.6pp32.1%-27.8pp
Net Margin-141.9%-1488.2%N/AN/AN/A-40.8%-54.8pp19.2%-7.9pp23.2%-22.2pp
Return on Equity-0.3%+2.7pp-2.6%+3.0ppN/A-1.9%-8.2pp-3.0%-2.6pp-5.6%-7.8pp5.3%-2.9pp6.4%-9.0pp
Return on Assets-0.3%+2.6pp-2.5%+2.6ppN/A-1.8%-7.6pp-2.9%-2.6pp-5.1%-6.8pp4.8%-1.7pp5.9%-6.5pp
Current Ratio54.17+28.4x19.96+8.6x27.58+18.7x33.12+20.8x25.77+20.7x11.31+6.3x8.92+4.3x12.34+7.3x
Debt-to-Equity0.020.0x0.05-0.1x0.04-0.1x0.03-0.1x0.04-0.2x0.11-0.1x0.12-0.2x0.09-0.2x
Asset Turnover0.000.0x0.00-0.1xN/A0.00-0.3x0.00-0.2x0.120.0x0.250.0x0.250.0x
FCF Margin-1723.1%-385.2%N/AN/AN/A2.3%-12.0pp9.1%-19.3pp-36.8%-110.9pp

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
SAKER AVIATION SVCS SKAS FY2025 $1.3M -$1.1M -86.1% $6.6M
ICTS INTL NV ICTSF FY2025 $534.4M -$14.3M -2.7% $185.9M
DALRADA FINCL CORP DFCO FY2025 $20.3M -$24.6M N/A $7.8M
DRIVEITAWAY HOLDINGS INC DWAY FY2025 $988K -$4.9M N/A $2.5M

Frequently Asked Questions

What is SAKER AVIATION SVCS's annual revenue?

SAKER AVIATION SVCS (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 SVCS's revenue growing?

SAKER AVIATION SVCS (SKAS) revenue declined by 86.2% year-over-year, from $9.2M to $1.3M in fiscal year 2025.

Is SAKER AVIATION SVCS profitable?

No, SAKER AVIATION SVCS (SKAS) reported a net income of -$1.1M in fiscal year 2025, with a net profit margin of -86.1%.

SAKER AVIATION SVCS (SKAS) reported diluted earnings per share of -$1.09 for fiscal year 2025. This represents a -187.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

SAKER AVIATION SVCS (SKAS) had EBITDA of -$1.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

SAKER AVIATION SVCS (SKAS) had a gross margin of 40.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

SAKER AVIATION SVCS (SKAS) had a net profit margin of -86.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

SAKER AVIATION SVCS (SKAS) has a return on equity of -12.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

SAKER AVIATION SVCS (SKAS) recorded an outflow of $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.

SAKER AVIATION SVCS (SKAS) recorded an outflow of $604K in operating cash flow during fiscal year 2025, representing cash used by core business activities.

SAKER AVIATION SVCS (SKAS) had $9.1M in total assets as of fiscal year 2025, including both current and long-term assets.

SAKER AVIATION SVCS (SKAS) invested $6K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

SAKER AVIATION SVCS (SKAS) had 1M shares outstanding as of fiscal year 2025.

SAKER AVIATION SVCS (SKAS) had a current ratio of 27.58 as of fiscal year 2025, which is generally considered healthy.

SAKER AVIATION SVCS (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.

SAKER AVIATION SVCS (SKAS) had a return on assets of -12.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

SAKER AVIATION SVCS (SKAS) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $6.6M as of Sep 18, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

SAKER AVIATION SVCS (SKAS) trades at 5.2x sales, its market capitalization divided by revenue of $1.3M revenue, FY2025. The market capitalization is $6.6M as of Sep 18, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

SAKER AVIATION SVCS (SKAS) has an Altman Z-Score of 11.05, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

SAKER AVIATION SVCS (SKAS) has a Piotroski F-Score of 2 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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.

SAKER AVIATION SVCS (SKAS) reported a net loss of $1.1M while operations used $604K of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.

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