SKYX Platforms Corp.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $92.0M | $86.3M | $58.8M | $32,022 | $43,109 |
| Cost of revenue | $64.2M | $61.7M | $40.7M | $18,913 | $88,461 |
| Gross profit | — | — | $18.0M | $13,109 | -$45,352 |
| Selling, general & administrative | — | — | — | $26.4M | $5.1M |
| Operating expenses | — | $118.4M | $96.6M | $26.6M | — |
| Operating income | -$29.1M | -$32.1M | -$37.8M | -$26.6M | -$5.2M |
| Interest expense | $4.2M | $3.9M | $3.1M | $589,009 | $560,382 |
| Income tax expense | $0 | $0 | $0 | $0 | — |
| Net income | -$33.4M | -$35.8M | -$39.7M | -$27.0M | -$5.7M |
| Balance Sheet | |||||
| Cash and equivalents | $8.1M | $12.6M | $16.8M | $6.7M | $10.4M |
| Current assets | $15.4M | $20.4M | $27.3M | $16.3M | $11.4M |
| Total assets | $57.7M | $65.9M | $76.3M | $43.2M | $12.0M |
| Current liabilities | $24.6M | $26.1M | $24.2M | $7.4M | $2.6M |
| Total liabilities | $57.3M | $56.8M | $60.1M | $35.0M | $12.1M |
| Stockholders' equity | -$4.6M | $4.1M | $16.2M | $7.9M | -$3.4M |
| Cash Flow Statement | |||||
| Cash from operations | -$13.3M | -$18.3M | -$13.0M | -$13.8M | -$4.6M |
| Depreciation and amortization | $238,188 | $68,022 | $93,693 | $70,767 | $42,025 |
| Stock-based compensation | $13.6M | $13.5M | $18.0M | $14.0M | $1.5M |
| Capital expenditure | — | — | — | $312,689 | — |
| Free cash flow | — | — | — | -$14.2M | — |
| Dividends paid | $1.0M | — | — | $38,055 | $129,456 |
| Impairments | $0 | $0 | $0 | $0 | — |
Shares outstanding 134.1M · Free float 49.9%
Annual filing data through FY ended December 31, 2025; float as of July 14, 2026.