SKYX (SKYX) financial statements
SKYX reported revenue of $92M in fiscal 2025, up 64.0% a year over 7 years.
Net income was -$33M.
The diluted share count rose 67% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from SKYX's 10-K filings with the SEC.
| Fiscal year | 2013 | 2014 | 2015 | 2016 | 2017 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $0 | $3M | $7M | $8M | $43,109 | $32,022 | $59M | $86M | $92M |
| Cost of revenue | — | $0 | $2M | $6M | $6M | $88,461 | $18,913 | $41M | $62M | $64M |
| Gross profit | — | $0 | $407,755 | $878,583 | $1M | -$45,352 | $13,109 | $18M | $25M | $28M |
| Selling, general and admin | $1M | $5M | $5M | $4M | $5M | $5M | $26M | $56M | $57M | $57M |
| Operating income | — | — | — | — | — | -$5M | -$27M | -$38M | -$32M | -$29M |
| Interest expense | -$171,590 | $2M | $3M | $980,867 | $294,734 | $560,382 | $589,009 | $3M | $4M | $4M |
| Income tax | — | — | — | $0 | $0 | — | $0 | $0 | $0 | $0 |
| Net income | -$3M | -$7M | -$27M | -$98M | -$27M | -$6M | -$27M | -$40M | -$36M | -$33M |
| EPS (diluted) | -$0.08 | -$0.22 | -$0.76 | -$2.60 | -$0.55 | -$0.09 | -$0.40 | -$0.45 | -$0.36 | -$0.32 |
| Diluted shares | — | — | — | — | — | 65M | 79M | 88M | 100M | 109M |
| Gross margin | — | — | 14.1% | 12.5% | 17.2% | -105.2% | 40.9% | 30.7% | 28.5% | 30.3% |
| Operating margin | — | — | — | — | — | -12034.8% | -83146.5% | -64.3% | -37.2% | -31.6% |
| Net margin | — | — | -932.1% | -1403.4% | -347.0% | -13292.8% | -84429.3% | -67.6% | -41.5% | -36.3% |
Balance sheet
Fiscal years, from SKYX's 10-K filings with the SEC.
| Fiscal year | 2013 | 2014 | 2015 | 2016 | 2017 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $1M | $1M | $450,868 | $4M | $5M | $10M | $14M | $17M | $13M | $8M |
| Receivables | — | $0 | $234,309 | $796,824 | $1M | — | — | $3M | $2M | $2M |
| Inventory | — | $0 | $263,871 | $2M | $2M | $918,651 | $2M | $3M | $4M | $4M |
| Total current assets | $1M | $1M | $985,028 | $7M | $8M | $11M | $16M | $27M | $20M | $15M |
| Property, plant and equipment | $6,046 | $132,609 | $127,521 | $113,605 | $194,872 | $25,710 | $215,998 | $436,587 | $545,333 | $1M |
| Goodwill | — | — | — | — | — | — | — | $16M | $16M | $16M |
| Total assets | $1M | $11M | $8M | $12M | $10M | $12M | $43M | $76M | $66M | $58M |
| Total current liabilities | $3M | $8M | $29M | $29M | $32M | $3M | $7M | $24M | $26M | $25M |
| Long-term debt | $405,117 | — | — | — | — | $7M | — | — | — | — |
| Total liabilities | $4M | $21M | $41M | $40M | $35M | $12M | $35M | $60M | $57M | $57M |
| Shareholders' equity | -$2M | -$9M | -$33M | -$72M | -$70M | -$3M | $8M | $16M | $4M | -$5M |
| Net debt | $120,395 | -$1M | -$450,868 | -$4M | -$5M | -$3M | -$7M | -$17M | -$13M | -$8M |
Cash flow
Fiscal years, from SKYX's 10-K filings with the SEC.
| Fiscal year | 2013 | 2014 | 2015 | 2016 | 2017 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$685,729 | -$2M | -$4M | -$6M | -$4M | -$5M | -$14M | -$13M | -$18M | -$13M |
| Capital spending | — | — | — | — | — | — | $312,689 | — | — | — |
| Free cash flow | — | — | — | — | — | — | -$14M | — | — | — |
| Stock-based compensation | — | — | — | — | — | $1M | $14M | $18M | $13M | $14M |
| Dividends paid | — | — | — | -$30,966 | -$149,737 | $129,456 | $38,055 | — | — | $1M |
| Net borrowing | — | $124,216 | — | — | — | — | — | — | — | — |
| Free cash flow margin | — | — | — | — | — | — | -44191.9% | — | — | — |
| Dividends per share | — | — | — | — | — | $0.00 | $0.00 | — | — | $0.01 |
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What was SKYX's revenue in 2025?
$92M in fiscal 2025, from its 10-K filing.
From SKYX's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.