SKYX · Skyx Platforms Corp. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $22.09M | - | $23.89M | $23.06M | $20.11M | - | $22.17M | $21.45M | $18.98M | - |
| Cost of Revenue | $15.47M | - | $16.32M | $16.06M | $14.40M | - | $15.33M | $14.87M | $13.40M | - |
| Gross Profit | $6.63M | - | $7.57M | $7.00M | $5.71M | - | $6.84M | $6.58M | $5.58M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $7.72M | - | $8.23M | $8.33M | $7.94M | - | $8.17M | $6.54M | - | - |
| Total Operating Expenses | $30.26M | - | $29.77M | $27.68M | $27.87M | - | $14.45M | $12.81M | $14.47M | - |
| D&A | $1.24M | - | - | - | $1.01M | - | - | - | $1.06M | - |
| Operating Income | ($8.16M) | - | ($6.76M) | ($7.52M) | ($7.71M) | - | ($7.61M) | ($6.24M) | ($8.89M) | - |
| Interest Expense | $1.11M | - | $834.2K | $1.29M | $1.34M | - | $1.02M | $1.23M | $787.9K | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | ($9.28M) | - | ($7.62M) | ($8.83M) | ($9.05M) | - | ($8.62M) | ($7.46M) | ($9.68M) | - |
| EPS - Basic | ($0.07) | - | - | ($0.08) | ($0.09) | - | ($0.08) | ($0.08) | ($0.10) | - |
| EPS - Diluted | ($0.07) | - | ($0.07) | ($0.08) | ($0.09) | - | ($0.08) | ($0.08) | ($0.10) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $30.26M | $8.05M | $7.83M | $12.85M | $9.44M | $12.64M | $10.17M | $10.68M | $14.15M | $16.81M |
| Accounts Receivable | $1.93M | $1.89M | $3.16M | $2.33M | $2.81M | $2.42M | $2.93M | $3.02M | $3.93M | $3.38M |
| Inventory | $3.30M | $4.25M | $3.72M | $3.10M | $3.68M | $3.79M | $4.54M | $4.22M | $3.78M | $3.43M |
| Accounts Payable | - | - | - | - | - | - | - | - | - | $11.51M |
| Current Assets | $36.78M | $15.40M | $16.44M | $20.43M | $18.25M | $20.37M | $18.99M | $21.55M | $25.48M | $27.32M |
| Total Assets | $77.95M | $57.72M | $58.41M | $64.44M | $63.17M | $65.89M | $64.97M | $69.16M | $74.19M | $76.34M |
| Current Liabilities | $21.58M | $24.58M | $25.16M | $29.04M | $28.58M | $26.14M | $30.76M | $28.09M | $24.33M | $24.19M |
| Long-term Debt | $18.44M | $19.34M | $18.99M | $19.54M | $19.99M | $20.11M | $19.85M | $21.95M | $21.27M | $18.27M |
| Total Liabilities | $54.12M | $57.30M | $57.25M | $58.75M | $58.89M | $56.83M | $61.14M | $59.68M | $60.69M | $60.12M |
| Stockholders' Equity | $18.82M | ($4.59M) | ($3.84M) | $689.9K | ($722.4K) | $4.05M | $3.83M | $9.48M | $13.50M | $16.22M |
| Retained Earnings | ($225.78M) | ($216.26M) | ($208.05M) | ($200.15M) | ($191.06M) | ($181.78M) | ($171.56M) | ($162.94M) | ($155.48M) | ($145.80M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($6.01M) | - | - | - | ($4.32M) | - | - | - | ($6.18M) | - |
| Investing Cash Flow | ($94.0K) | - | - | - | ($413.4K) | - | - | - | ($53.6K) | - |
| Financing Cash Flow | $28.32M | - | - | - | $1.54M | - | - | - | $3.60M | - |
| CapEx | - | - | - | - | - | - | - | - | $53.6K | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | ($6.24M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 30.0% | - | 31.7% | 30.3% | 28.4% | - | 30.9% | 30.7% | 29.4% | - |
| Operating margin | -36.9% | - | -28.3% | -32.6% | -38.3% | - | -34.3% | -29.1% | -46.8% | - |
| EBITDA margin | -31.3% | - | - | - | -33.3% | - | - | - | -41.2% | - |
| Net margin | -42.0% | - | -31.9% | -38.3% | -45.0% | - | -38.9% | -34.8% | -51.0% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | -32.9% | - |
| FCF / Net income | - | - | - | - | - | - | - | - | 0.64 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 34.9% | - | 34.5% | 36.1% | 39.5% | - | 36.9% | 30.5% | - | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -11.9% | - | -13.0% | -13.7% | -14.3% | - | -13.3% | -10.8% | -13.0% | - |
| Return on equity | -49.3% | - | 198.4% | -1279.4% | 1253.1% | - | -224.8% | -78.7% | -71.7% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.70 | 0.63 | 0.65 | 0.70 | 0.64 | 0.78 | 0.62 | 0.77 | 1.05 | 1.13 |
| Quick ratio | 1.55 | 0.45 | 0.51 | 0.60 | 0.51 | 0.63 | 0.47 | 0.62 | 0.89 | 0.99 |
| Cash ratio | 1.40 | 0.33 | 0.31 | 0.44 | 0.33 | 0.48 | 0.33 | 0.38 | 0.58 | 0.69 |
| Leverage | ||||||||||
| Debt / Equity | 0.98 | -4.21 | -4.95 | 28.32 | -27.67 | 4.96 | 5.18 | 2.31 | 1.58 | 1.13 |
| Debt / Assets | 0.24 | 0.34 | 0.33 | 0.30 | 0.32 | 0.31 | 0.31 | 0.32 | 0.29 | 0.24 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -7.3x | - | -8.1x | -5.8x | -5.8x | - | -7.5x | -5.1x | -11.3x | - |
| Equity multiplier | 4.14 | -12.58 | -15.22 | 93.40 | -87.44 | 16.25 | 16.94 | 7.29 | 5.50 | 4.71 |
| Liabilities / Assets | 0.69 | 0.99 | 0.98 | 0.91 | 0.93 | 0.86 | 0.94 | 0.86 | 0.82 | 0.79 |
| Efficiency | ||||||||||
| Asset turnover | 0.28 | - | 0.41 | 0.36 | 0.32 | - | 0.34 | 0.31 | 0.26 | - |
| Inventory turnover | 4.69 | - | 4.39 | 5.17 | 3.91 | - | 3.38 | 3.52 | 3.55 | - |
| Days sales outstanding | 32d | - | 48d | 37d | 51d | - | 48d | 51d | 76d | - |
| Days inventory outstanding | 78d | - | 83d | 71d | 93d | - | 108d | 104d | 103d | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 7.7x | - | - | 162.2x | - | - | 22.9x | 10.0x | 9.2x | - |
| P / S | 6.6x | - | 5.3x | 4.9x | 5.9x | - | 4.0x | 4.4x | 6.6x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 9.8% | - | 7.8% | 7.5% | 6.0% | - | 2.6% | 43.1% | 189204.9% | - |
| Revenue CAGR (3y) | 1201.4% | - | 1308.2% | 1361.4% | 485.6% | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 16.0% | - | 10.6% | 6.4% | 2.4% | - | 2.1% | 40.1% | 65087.0% | - |
| Operating income growth (YoY) | -5.8% | - | 11.1% | -20.6% | 13.2% | - | -16.6% | 49.1% | -22.8% | - |
| Net income growth (YoY) | -2.5% | - | 11.7% | -18.3% | 6.4% | - | -20.0% | 39.2% | -21.4% | - |
| EPS growth (YoY) | 22.2% | - | 12.5% | 0.0% | 10.0% | - | -14.3% | 42.9% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | -51.4% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | - | - | -92.7% | - | -75.0% | -77.5% | -54.8% | 58.3% | 105.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$92.01M totalAdvanced Safe Smart Technologies And Related Products$92.01M · 100.0%
Peer comparison
Same SIC group: Electric Lighting & Wiring Equipment
Comparing SKYX Platforms Corp. against the 5 most active filers in the same SIC group.