SKYX Platforms Financials
This page shows SKYX Platforms (SKYX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 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).
Financial Health Signals
SKYX Platforms passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, SKYX Platforms generates $0.40 in operating cash flow (-$13.3M OCF vs -$33.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
SKYX Platforms earns $-243.6 in operating income for every $1 of interest expense (-$29.1M vs $119K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
SKYX Platforms generated $92.0M in revenue in fiscal year 2025. This represents an increase of 6.6% from the prior year.
SKYX Platforms's EBITDA was -$33.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 18.7% from the prior year.
SKYX Platforms reported -$33.4M in net income in fiscal year 2025. This represents an increase of 6.6% from the prior year.
SKYX Platforms earned $-0.32 per diluted share (EPS) in fiscal year 2025. This represents an increase of 11.1% from the prior year.
Cash & Balance Sheet
SKYX Platforms held $8.1M in cash against $18.8M in long-term debt as of fiscal year 2025.
SKYX Platforms had 133M shares outstanding in fiscal year 2025. This represents an increase of 28.9% from the prior year.
Margins & Returns
SKYX Platforms's gross margin was 30.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs.
SKYX Platforms's operating margin was -31.6% in fiscal year 2025, reflecting core business profitability. This is up 5.6 percentage points from the prior year.
SKYX Platforms's net profit margin was -36.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 5.1 percentage points from the prior year.
Capital Allocation
SKYX Income Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $23.9M+3.6% | $23.1M+14.7% | $20.1M-15.1% | $23.7M+6.8% | $22.2M+3.4% | $21.4M+13.0% | $19.0M-14.4% | $22.2M |
| Cost of Revenue | $16.3M+1.6% | $16.1M+11.5% | $14.4M | N/A | $15.3M+3.1% | $14.9M+11.0% | $13.4M-13.8% | $15.5M |
| Gross Profit | $7.6M+8.2% | $7.0M+22.5% | $5.7M | N/A | $6.8M+4.0% | $6.6M+17.9% | $5.6M-15.9% | $6.6M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $8.2M-1.2% | $8.3M+26.3% | $6.6M-24.2% | $8.7M+6.5% | $8.2M+24.9% | $6.5M-17.6% | $7.9M+48.6% | $5.3M |
| Operating Income | -$6.8M+10.1% | -$7.5M+2.5% | -$7.7M+17.8% | -$9.4M-23.4% | -$7.6M-22.0% | -$6.2M+29.8% | -$8.9M+24.8% | -$11.8M |
| Interest Expense | $834K-35.2% | $1.3M-3.8% | $1.3M+26.3% | $1.1M+6.3% | $998K-17.5% | $1.2M+53.5% | $788K+58.3% | $498K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$7.6M+13.7% | -$8.8M+2.5% | -$9.1M+9.5% | -$10.0M-16.1% | -$8.6M-15.5% | -$7.5M+22.9% | -$9.7M+21.4% | -$12.3M |
| EPS (Diluted) | $-0.07+12.5% | $-0.08+11.1% | $-0.09 | N/A | $-0.080.0% | $-0.08+20.0% | $-0.10 | N/A |
SKYX Balance Sheet
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $58.4M-9.3% | $64.4M+2.0% | $63.2M-4.1% | $65.9M+1.4% | $65.0M-6.1% | $69.2M-6.8% | $74.2M-2.8% | $76.3M |
| Current Assets | $16.4M-19.5% | $20.4M+11.9% | $18.3M-10.4% | $20.4M+7.3% | $19.0M-11.9% | $21.6M-15.4% | $25.5M-6.7% | $27.3M |
| Cash & Equivalents | $7.8M-39.1% | $12.8M+36.1% | $9.4M-25.3% | $12.6M+24.3% | $10.2M-4.8% | $10.7M-24.5% | $14.1M-15.8% | $16.8M |
| Inventory | $3.7M+19.7% | $3.1M-15.6% | $3.7M-2.8% | $3.8M-16.6% | $4.5M+7.5% | $4.2M+11.7% | $3.8M+10.3% | $3.4M |
| Accounts Receivable | $3.2M+35.4% | $2.3M-17.1% | $2.8M+16.4% | $2.4M-17.4% | $2.9M-3.1% | $3.0M-23.2% | $3.9M+16.2% | $3.4M |
| Goodwill | $16.2M0.0% | $16.2M0.0% | $16.2M0.0% | $16.2M0.0% | $16.2M0.0% | $16.2M0.0% | $16.2M0.0% | $16.2M |
| Total Liabilities | $57.3M-2.5% | $58.7M-0.2% | $58.9M+3.6% | $56.8M-7.0% | $61.1M+2.4% | $59.7M-1.7% | $60.7M+0.9% | $60.1M |
| Current Liabilities | $25.2M-13.3% | $29.0M+1.6% | $28.6M+9.4% | $26.1M-15.0% | $30.8M+9.5% | $28.1M+15.5% | $24.3M+0.6% | $24.2M |
| Long-Term Debt | $19.0M-2.8% | $19.5M-2.2% | $20.0M-0.6% | $20.1M+1.3% | $19.9M-9.6% | $21.9M+3.2% | $21.3M+16.5% | $18.3M |
| Total Equity | -$3.8M-656.4% | $690K+195.5% | -$722K-117.8% | $4.1M+5.7% | $3.8M-59.6% | $9.5M-29.7% | $13.5M-16.8% | $16.2M |
| Retained Earnings | -$208.1M-3.9% | -$200.2M-4.8% | -$191.1M-5.1% | -$181.8M-6.0% | -$171.6M-5.3% | -$162.9M-4.8% | -$155.5M-6.6% | -$145.8M |
SKYX Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$5.0M-151.2% | -$2.0M+54.1% | -$4.3M+18.5% | -$5.3M-107.8% | -$2.6M+40.4% | -$4.3M+29.8% | -$6.1M-110.2% | -$2.9M |
| Capital Expenditures | N/A | N/A | N/A | N/A | $257K+13.8% | $226K+320.6% | $54K | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | -$2.8M+37.7% | -$4.5M+26.8% | -$6.2M | N/A |
| Investing Cash Flow | -$85K+76.6% | -$362K+12.4% | -$413K+65.4% | -$1.2M-365.6% | -$257K-13.8% | -$226K-320.6% | -$54K-141.2% | $130K |
| Financing Cash Flow | -$757K-113.2% | $5.8M+273.3% | $1.5M-82.8% | $9.0M+3367.7% | $258K-20.6% | $325K-90.8% | $3.5M+13.8% | $3.1M |
| Dividends Paid | $213K-21.8% | $272K+27.8% | $213K | 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 |
SKYX Financial Ratios
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 31.7%+1.3pp | 30.3%+1.9pp | 28.4% | N/A | 30.9%+0.2pp | 30.7%+1.3pp | 29.4%-0.5pp | 29.9% |
| Operating Margin | -28.3%+4.3pp | -32.6%+5.7pp | -38.4%+1.3pp | -39.6%-5.3pp | -34.3%-5.2pp | -29.1%+17.8pp | -46.8%+6.4pp | -53.3% |
| Net Margin | -31.9%+6.4pp | -38.3%+6.7pp | -45.0%-2.7pp | -42.3%-3.4pp | -38.9%-4.1pp | -34.8%+16.2pp | -51.0%+4.5pp | -55.5% |
| Return on Equity | N/A | -1279.4% | N/A | -246.9%-22.1pp | -224.8%-146.1pp | -78.7%-7.0pp | -71.7%+4.2pp | -75.9% |
| Return on Assets | -13.0%+0.7pp | -13.7%+0.6pp | -14.3%+0.9pp | -15.2%-1.9pp | -13.3%-2.5pp | -10.8%+2.2pp | -13.0%+3.1pp | -16.1% |
| Current Ratio | 0.65-0.1 | 0.70+0.1 | 0.64-0.1 | 0.78+0.2 | 0.62-0.2 | 0.77-0.3 | 1.05-0.1 | 1.13 |
| Debt-to-Equity | -4.95-33.3 | 28.32+56.0 | -27.67-32.6 | 4.96-0.2 | 5.18+2.9 | 2.31+0.7 | 1.58+0.5 | 1.13 |
| FCF Margin | N/A | N/A | N/A | N/A | -12.7%+8.4pp | -21.1%+11.4pp | -32.5% | N/A |
Note: Shareholder equity is negative (-$4.6M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.63), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is SKYX Platforms's annual revenue?
SKYX Platforms (SKYX) reported $92.0M in total revenue for fiscal year 2025. This represents a 6.6% 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 SKYX Platforms's revenue growing?
SKYX Platforms (SKYX) revenue grew by 6.6% year-over-year, from $86.3M to $92.0M in fiscal year 2025.
Is SKYX Platforms profitable?
No, SKYX Platforms (SKYX) reported a net income of -$33.4M in fiscal year 2025, with a net profit margin of -36.3%.
What is SKYX Platforms's EBITDA?
SKYX Platforms (SKYX) had EBITDA of -$33.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does SKYX Platforms have?
As of fiscal year 2025, SKYX Platforms (SKYX) had $8.1M in cash and equivalents against $18.8M in long-term debt.
What is SKYX Platforms's gross margin?
SKYX Platforms (SKYX) had a gross margin of 30.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is SKYX Platforms's operating margin?
SKYX Platforms (SKYX) had an operating margin of -31.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is SKYX Platforms's net profit margin?
SKYX Platforms (SKYX) had a net profit margin of -36.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is SKYX Platforms's operating cash flow?
SKYX Platforms (SKYX) generated -$13.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are SKYX Platforms's total assets?
SKYX Platforms (SKYX) had $57.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What is SKYX Platforms's current ratio?
SKYX Platforms (SKYX) had a current ratio of 0.63 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is SKYX Platforms's debt-to-equity ratio?
SKYX Platforms (SKYX) had a debt-to-equity ratio of -4.10 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is SKYX Platforms's return on assets (ROA)?
SKYX Platforms (SKYX) had a return on assets of -57.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is SKYX Platforms's cash runway?
Based on fiscal year 2025 data, SKYX Platforms (SKYX) had $8.1M in cash against an annual operating cash burn of $13.3M. This gives an estimated cash runway of approximately 7 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.
Why is SKYX Platforms's debt-to-equity ratio negative or unusual?
SKYX Platforms (SKYX) has negative shareholder equity of -$4.6M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is SKYX Platforms's Piotroski F-Score?
SKYX Platforms (SKYX) 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are SKYX Platforms's earnings high quality?
SKYX Platforms (SKYX) has an earnings quality ratio of 0.40x, 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.
Can SKYX Platforms cover its interest payments?
SKYX Platforms (SKYX) has an interest coverage ratio of -243.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.