Saker Aviation Svcs (SKAS) Financials
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 $35K in revenue over the twelve months to Jun 30, 2026, down 99.5% from the prior twelve months. 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).
The business shrank sharply in FY2025, but overhead stayed high enough to turn a formerly profitable operation into a cash-consuming one.
Between the two latest years, revenue fell86.2% while SG&A fell only7.7% . Operating margin moved from28.7% to-108.4% , so remaining overhead consumed more than the gross profit generated.
Operating cash flow shifted from
Despite the operating collapse, liabilities were only
Financial Health Signals
We do not publish a peer-relative financial health score for Saker Aviation Svcs, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Saker Aviation Svcs scores 11.03, well above the 2.99 safe threshold. The largest contribution to the score comes from a market capitalization of $6.6M against total liabilities of $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.
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.
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
Earnings & Revenue
Saker Aviation Svcs generated $15K in revenue in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. It is unchanged from the prior quarter.
Saker Aviation Svcs's EBITDA was -$99K in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Saker Aviation Svcs reported a net loss of $21K in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Saker Aviation Svcs earned -$0.02 per diluted share (EPS) in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cash & Balance Sheet
Saker Aviation Svcs recorded an outflow of $258K in free cash flow in Q2 2026, representing a cash shortfall after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Saker Aviation Svcs held $4.2M in cash as of Q2 2026; no long-term debt figure is on record for that period.
Not reported for Q2 2026.
Margins & Returns
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.
Saker Aviation Svcs's quarterly ROE was -0.3% in Q2 2026: one quarter's net income over shareholder equity, not annualized. 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.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
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
Saker Aviation Svcs reported no capital expenditure in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q2 2026.
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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q/A | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q/A |
|---|---|---|---|---|---|---|---|---|
| Revenue | $15Kn/m | $15K-98.8% | $5K-99.8% | $0-100.0% | $0-100.0% | $1.3M-5.8% | $2.7M+7.3% | $2.5M-3.1% |
| Cost of Revenue | $27Kn/m | $22K-97.1% | $0-100.0% | $0-100.0% | $0-100.0% | $749K+6.1% | $1.3M+92.2% | $1.2M+123.6% |
| Gross Profit | -$12Kn/m | -$7K-101.3% | $5K-99.6% | $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% | $248K-62.6% | $264K-42.1% | $369K-25.6% | $1.0M+133.7% | $663K-10.2% | $456K-4.7% |
| Operating Income | -$99Kn/m | -$303Kn/m | -$243K-133.2% | -$264K-132.9% | -$369K-141.2% | -$496K-346.7% | $733K-33.4% | $803K-48.1% |
| EBITDA | -$99Kn/m | -$303Kn/m | N/A | -$264K-132.7% | -$369K-141.0% | -$492K-340.2% | $736K-33.3% | $807K-48.0% |
| Income Tax | $0n/m | $0n/m | $0-100.0% | $0-100.0% | $0n/m | $0-100.0% | $303K-39.8% | $343K-48.7% |
| Net Income | -$21Kn/m | -$223Kn/m | -$145K-128.0% | -$164K-128.2% | -$266Kn/m | -$515K-374.8% | $518K-24.1% | $581K-50.5% |
| EPS (Basic) | -$0.02n/m | -$0.22n/m | -$0.14-126.9% | -$0.16-127.1% | -$0.27n/m | -$0.52-373.7% | $0.52-24.6% | $0.59-50.8% |
| EPS (Diluted) | -$0.02n/m | -$0.22n/m | -$0.16-131.4% | -$0.16-128.1% | -$0.26n/m | -$0.51-383.3% | $0.51-26.1% | $0.57-51.7% |
| Diluted Shares (Avg) | 1M+0.2% | 1M+0.1% | N/A | 1M-0.7% | 1M-1.2% | 1M0.0% | N/A | 1M+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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q/A | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-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% |
| Inventory | N/A | N/A | $0-100.0% | $0-100.0% | $0-100.0% | $0-100.0% | $7K+482.0% | $5K-24.7% |
| Accounts Receivable | $0n/m | $10K-94.7% | $0-100.0% | $0-100.0% | $0-100.0% | $188K-21.4% | $316K+7.3% | $236K-2.1% |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| 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% | $0n/m | $0n/m | $31Kn/m | $77Kn/m | $0n/m | $0n/m |
| 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 | -$11.7Mn/m | -$11.7Mn/m | -$11.4Mn/m | -$11.3Mn/m | -$11.1Mn/m | -$10.9Mn/m | -$10.4Mn/m | -$10.9Mn/m |
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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q/A | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q/A |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$258Kn/m | -$58K-266.1% | -$181K-157.8% | -$252Kn/m | -$207Kn/m | $35K-82.0% | $313K-56.2% | -$922K-147.6% |
| Depreciation & Amortization | $0n/m | $0-100.0% | $0-100.0% | $0-100.0% | $0-100.0% | $4K0.0% | $4K-4.9% | $4K-5.5% |
| Stock-Based Compensation | N/A | $6K-79.1% | N/A | N/A | N/A | $27K+6.6% | N/A | N/A |
| Capital Expenditures | $0n/m | $0-100.0% | $0-100.0% | $0n/m | $0-100.0% | $6K+183.2% | $66Kn/m | $0-100.0% |
| Free Cash Flow | -$258Kn/m | -$58K-301.7% | -$181K-173.2% | -$252Kn/m | -$207Kn/m | $29K-85.0% | $247K-65.5% | -$922K-148.1% |
| Investing Cash Flow | -$32Kn/m | -$34Kn/m | -$18Kn/m | -$31Kn/m | -$24K-248.8% | -$30Kn/m | -$93K-257.0% | -$34Kn/m |
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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q/A | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q/A |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -79.2% | -45.8%-86.4pp | 100.0%+48.4pp | N/A | N/A | 40.6%-6.7pp | 51.6%-21.4pp | 50.3%-28.2pp |
| Operating Margin | -657.4% | -2022.2% | -4863.4% | N/A | N/A | -39.4%-54.4pp | 27.1%-16.6pp | 32.1%-27.8pp |
| Net Margin | -141.9% | -1488.2% | -2902.4% | N/A | N/A | -40.8%-54.8pp | 19.2%-7.9pp | 23.2%-22.2pp |
| Return on Equity | -0.3%+2.7pp | -2.6%+3.0pp | -1.7%-7.0pp | -1.9%-8.2pp | -3.0%-2.6pp | -5.6%-7.8pp | 5.3%-2.9pp | 6.4%-9.0pp |
| Return on Assets | -0.3%+2.6pp | -2.5%+2.6pp | -1.6%-6.4pp | -1.8%-7.6pp | -2.9%-2.6pp | -5.1%-6.8pp | 4.8%-1.7pp | 5.9%-6.5pp |
| Current Ratio | 54.17+28.4x | 19.96+8.6x | 27.58+18.7x | 33.12+20.8x | 25.77+20.7x | 11.32+6.3x | 8.92+4.3x | 12.34+7.3x |
| Liabilities-to-Equity | 0.020.0x | 0.05-0.1x | 0.04-0.1x | 0.03-0.1x | 0.04-0.2x | 0.11-0.1x | 0.12-0.2x | 0.09-0.2x |
| Asset Turnover | 0.000.0x | 0.00-0.1x | 0.00-0.2x | 0.00-0.3x | 0.00-0.2x | 0.120.0x | 0.250.0x | 0.250.0x |
| FCF Margin | -1723.1% | -385.1% | -3616.0% | N/A | N/A | 2.3%-12.0pp | 9.1%-19.3pp | -36.8%-110.9pp |
Not reported in any period shown, so not listed: Debt-to-Equity.
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. Market cap is stated at each company's latest close.
| 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% | $206.3M | — |
| ADM Endeavors Inc ADMQ | FY2025 | $5.6M | $486K | 8.6% | $6.3M | — |
Where Saker Aviation Svcs Ranks
Frequently Asked Questions
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.
Saker Aviation Svcs (SKAS) revenue declined by 86.2% year-over-year, from $9.2M to $1.3M in fiscal year 2025.
No, Saker Aviation Svcs (SKAS) reported a net loss of $554K over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net loss of $1.1M, with a net profit margin of -86.1%.
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. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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 a current ratio of 27.58 as of fiscal year 2025, which is generally considered healthy.
Saker Aviation Svcs (SKAS) had a liabilities-to-equity ratio of 0.04 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
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 an Altman Z-Score of 11.03, 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.