SKYX Platforms Corp. (SKYX) Balance Sheet
SKYX balance sheet, 2025
December 31, 2025 · U.S. dollars$57.7M assets = $57.3M liabilities + $411,614 equity
Both columns are drawn to the same scale: what SKYX owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SKYX financial health
Descriptive bands, not a rating. Fiscal 2025.
SKYX balance sheet trends, 2015–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $8.4M2015 | $57.7M2025 | +23.9%/yr | |
| Total liabilities | $41.1M2015 | $57.3M2025 | +3.7%/yr | |
| Shareholders’ equity | −$32.7M2015 | $411,6142025 | — | |
| Cash & short-term investments | $450,8682015 | $8.1M2025 | +37.8%/yr | |
| Total debt | $4.3M2015 | $37.4M2025 | +27.0%/yr | |
| Net cash (debt) | −$3.9M2015 | −$29.3M2025 | −$25.4M | |
| Working capital | −$28.2M2015 | −$9.2M2025 | +$19.0M | |
| Book value per share | −$0.922015 | $0.002025 | — | |
| Current ratio | 0.032015 | 0.632025 | +0.59 | |
| Debt / equity | 3.752022 | 90.752025 | +87.00 | |
| Shares outstanding | 35.4M2015 | 108.8M2025 | +13.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SKYX assets
SKYX liabilities and equity
SKYX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SKYX balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $8.1M | $12.6M | $16.8M | $14.1M | $10.4M | $2.3M | $1.9M | $4.9M | $4.1M | $450,868 |
| Cash & equivalents | $8.1M | $12.6M | $16.8M | $6.7M | $10.4M | $2.3M | $1.9M | $4.9M | $4.1M | $450,868 |
| Short-term investments | — | — | $0 | $7.4M | $0 | — | — | — | — | — |
| Receivables | $1.9M | $2.4M | $3.4M | $0 | $115 | $1,543 | $419,536 | $1.0M | $796,824 | $234,309 |
| Inventory | $4.3M | $3.8M | $3.4M | $1.9M | $918,651 | $918,651 | $1.2M | $2.4M | $2.4M | $263,871 |
| Other current assets | $1.2M | $1.5M | $3.7M | $311,618 | $40,903 | $0 | $5,630 | $56,814 | $41,229 | $35,980 |
| Total current assets | $15.4M | $20.4M | $27.3M | $16.3M | $11.4M | $3.2M | $3.5M | $8.3M | $7.4M | $985,028 |
| Property, plant & equipment (net) | $18.9M | $21.1M | $21.7M | $23.3M | $25,710 | $67,735 | $180,788 | $194,872 | $113,605 | $127,521 |
| Goodwill & intangible assets | $21.2M | $21.3M | $24.3M | $662,802 | $540,033 | $403,092 | $340,584 | $1.8M | $4.8M | $7.2M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $2.3M | $3.1M | $3.1M | $2.9M | $2,174 | $2,174 | $18,254 | $40,934 | $202,345 | $80,319 |
| Total assets | $57.7M | $65.9M | $76.3M | $43.2M | $12.0M | $3.7M | $4.1M | $10.4M | $12.5M | $8.4M |
| Liabilities | ||||||||||
| Accounts payable | $14.5M | $13.2M | $10.1M | $1.4M | $996,731 | $1.0M | $849,584 | $1.4M | $1.1M | $807,798 |
| Short-term debt | $5.2M | $10.6M | $8.8M | $2.8M | $404,648 | $344,032 | $53,210 | $270,222 | $3.6M | $4.1M |
| Deferred revenue | $2.1M | $1.5M | $1.5M | — | $522,086 | $358,621 | — | — | — | — |
| Total current liabilities | $24.6M | $26.1M | $24.2M | $7.4M | $2.6M | $2.2M | $1.0M | $31.6M | $28.8M | $29.2M |
| Long-term debt | $14.4M | $8.4M | $6.8M | $4.9M | $6.8M | $6.5M | $0 | $0 | $0 | $0 |
| Lease obligations | $20.4M | $22.7M | $24.2M | $23.9M | $0 | — | — | — | — | — |
| Other long-term liabilities | $18.3M | $22.3M | $29.2M | $22.8M | $2.6M | $3.8M | $9.8M | $3.5M | $11.4M | $12.0M |
| Total liabilities | $57.3M | $56.8M | $60.1M | $35.0M | $12.1M | $12.6M | $10.8M | $35.1M | $84.6M | $41.1M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $203.0M | $179.8M | $162.0M | $114.0M | $70.9M | $34.4M | $30.5M | $17.6M | $12.3M | $2.9M |
| Retained earnings (deficit) | −$216.3M | −$181.8M | −$145.8M | −$106.1M | −$74.3M | −$68.4M | −$59.0M | −$168.1M | −$141.2M | −$42.7M |
| Accumulated other comprehensive income | — | — | — | −$62,147 | — | $8.1M | $6.8M | $0 | −$78,000 | $625,000 |
| Minority interest | — | $0 | $0 | $0 | — | — | — | — | — | — |
| Total shareholders' equity | $411,614 | $9.1M | $16.2M | $8.1M | −$75,279 | −$8.8M | −$6.7M | −$24.6M | −$27.6M | −$32.7M |
| Key figures | ||||||||||
| Total debt | $37.4M | $39.4M | $37.8M | $30.5M | $7.2M | $6.9M | $5.5M | $3.7M | $3.7M | $4.3M |
| Net cash (debt) | −$29.3M | −$26.7M | −$21.0M | −$16.4M | $3.2M | −$4.6M | −$3.6M | $1.2M | $426,329 | −$3.9M |
| Working capital | −$9.2M | −$5.8M | $3.1M | $8.9M | $8.8M | $1.0M | $2.5M | −$23.3M | −$21.4M | −$28.2M |
| Tangible book value | −$20.8M | −$12.3M | −$8.1M | $7.5M | −$615,312 | −$9.3M | −$7.0M | −$26.5M | −$32.4M | −$39.9M |
| Book value per share | $0.00 | $0.09 | $0.18 | $0.10 | −$0.00 | −$0.14 | −$0.12 | −$0.50 | −$0.73 | −$0.92 |
| Shares outstanding | 108.8M | 99.8M | 88.4M | 79.5M | 64.9M | 62.9M | 58.0M | 48.9M | 37.9M | 35.4M |
| Current ratio | 0.63 | 0.78 | 1.13 | 2.20 | 4.32 | 1.46 | 3.48 | 0.26 | 0.26 | 0.03 |
| Quick ratio | 0.40 | 0.58 | 0.83 | 1.90 | 3.96 | 1.05 | 2.25 | 0.19 | 0.17 | 0.02 |
| Debt / equity | 90.75 | 4.35 | 2.33 | 3.75 | — | — | — | — | — | — |
| Equity / assets | 0.7% | 13.7% | 21.2% | 18.8% | −0.6% | −239.0% | −163.4% | −236.1% | −221.3% | −389.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $25.7M | $30.3M | $8.1M | $7.8M | $12.8M | $9.4M | $12.6M | $10.2M | $10.7M | $14.1M | $16.8M | $16.5M |
| Cash & equivalents | $25.7M | $30.3M | $8.1M | $7.8M | $12.8M | $9.4M | $12.6M | $10.2M | $10.7M | $14.1M | $16.8M | $16.5M |
| Short-term investments | — | — | — | — | — | — | — | — | — | — | $0 | $0 |
| Receivables | $2.4M | $1.9M | $1.9M | $3.2M | $2.3M | $2.8M | $2.4M | $2.9M | $3.0M | $3.9M | $3.4M | $3.0M |
| Inventory | $4.3M | $3.3M | $4.3M | $3.7M | $3.1M | $3.7M | $3.8M | $4.5M | $4.2M | $3.8M | $3.4M | $5.4M |
| Other current assets | $1.6M | $1.3M | $1.2M | $1.7M | $2.1M | $2.3M | $1.5M | $1.3M | $3.6M | $3.6M | $3.7M | $3.4M |
| Total current assets | $34.0M | $36.8M | $15.4M | $16.4M | $20.4M | $18.3M | $20.4M | $19.0M | $21.6M | $25.5M | $27.3M | $28.3M |
| Property, plant & equipment (net) | $17.5M | $18.2M | $18.9M | $18.4M | $20.6M | $20.9M | $21.1M | $21.1M | $21.2M | $21.8M | $21.7M | $22.7M |
| Goodwill & intangible assets | $20.4M | $20.8M | $21.2M | $21.3M | $20.3M | $20.9M | $21.3M | $21.8M | $23.3M | $23.8M | $24.3M | $24.2M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $2.3M | $2.3M | $2.3M | $2.3M | $3.1M | $3.1M | $3.1M | $3.1M | $3.1M | $3.1M | $3.1M | $3.1M |
| Total assets | $74.1M | $77.9M | $57.7M | $58.4M | $64.4M | $63.2M | $65.9M | $65.0M | $69.2M | $74.2M | $76.3M | $78.3M |
| Liabilities | ||||||||||||
| Accounts payable | $16.8M | $13.1M | $14.5M | $13.1M | $13.6M | $11.8M | $13.2M | $16.8M | $13.2M | $12.5M | $12.4M | $917,446 |
| Short-term debt | $2.5M | $4.3M | $5.2M | $6.8M | $10.4M | $10.7M | $10.6M | $10.3M | $12.0M | $8.6M | — | $7.2M |
| Deferred revenue | $2.4M | $1.6M | $2.1M | $2.8M | $2.4M | $1.9M | $1.5M | $2.1M | $2.1M | $1.6M | — | $1.9M |
| Total current liabilities | $23.2M | $21.6M | $24.6M | $25.2M | $29.0M | $28.6M | $26.1M | $30.8M | $28.1M | $24.3M | $24.2M | $31.3M |
| Long-term debt | $14.9M | $14.7M | $14.4M | $12.1M | $8.7M | $8.5M | $8.4M | $8.2M | $8.1M | $10.3M | $6.8M | $6.6M |
| Lease obligations | $19.1M | $19.8M | $20.4M | $21.0M | $21.6M | $22.2M | $22.7M | $23.2M | $23.8M | $24.3M | $24.2M | $25.0M |
| Other long-term liabilities | $17.3M | $17.9M | $18.3M | $20.0M | $21.0M | $21.8M | $22.3M | $22.1M | $23.5M | $26.0M | $29.2M | $23.3M |
| Total liabilities | $55.4M | $54.1M | $57.3M | $57.3M | $58.7M | $58.9M | $56.8M | $61.1M | $59.7M | $60.7M | $60.1M | $61.3M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $240.3M | $237.0M | $203.0M | $195.0M | $191.7M | $183.8M | $179.8M | $175.4M | $172.4M | $169.0M | — | $150.5M |
| Retained earnings (deficit) | −$234.3M | −$225.8M | −$216.3M | −$208.1M | −$200.2M | −$191.1M | −$181.8M | −$171.6M | −$162.9M | −$155.5M | −$145.8M | −$133.5M |
| Total shareholders' equity | $18.7M | $23.8M | $411,614 | $1.2M | $5.7M | $4.3M | $9.1M | $3.8M | $9.5M | $13.5M | $16.2M | $17.1M |
| Key figures | ||||||||||||
| Total debt | $34.0M | $36.1M | $37.4M | $37.4M | $38.2M | $38.9M | $39.4M | $39.3M | $41.6M | $41.1M | $6.8M | $36.6M |
| Net cash (debt) | −$8.4M | −$5.8M | −$29.3M | −$29.5M | −$25.4M | −$29.5M | −$26.7M | −$29.1M | −$30.9M | −$27.0M | $10.0M | −$20.1M |
| Working capital | $10.8M | $15.2M | −$9.2M | −$8.7M | −$8.6M | −$10.3M | −$5.8M | −$11.8M | −$6.5M | $1.2M | $3.1M | −$3.0M |
| Tangible book value | −$1.8M | $3.1M | −$20.8M | −$20.1M | −$14.6M | −$16.6M | −$12.3M | −$17.9M | −$13.8M | −$10.3M | −$8.1M | −$7.2M |
| Book value per share | $0.14 | $0.18 | $0.00 | $0.01 | $0.05 | $0.04 | $0.09 | $0.04 | $0.10 | $0.14 | $0.17 | $0.19 |
| Shares outstanding | 134.5M | 129.4M | 108.8M | 112.0M | 107.1M | 103.5M | 99.8M | 103.5M | 99.4M | 95.1M | 93.5M | 91.1M |
| Current ratio | 1.46 | 1.70 | 0.63 | 0.65 | 0.70 | 0.64 | 0.78 | 0.62 | 0.77 | 1.05 | 1.13 | 0.90 |
| Quick ratio | 1.21 | 1.49 | 0.40 | 0.44 | 0.52 | 0.43 | 0.58 | 0.43 | 0.49 | 0.74 | 0.83 | 0.62 |
| Debt / equity | 1.83 | 1.52 | 90.75 | 32.17 | 6.71 | 9.11 | 4.35 | 10.25 | 4.39 | 3.05 | 0.42 | 2.14 |
| Equity / assets | 25.2% | 30.6% | 0.7% | 2.0% | 8.8% | 6.8% | 13.7% | 5.9% | 13.7% | 18.2% | 21.2% | 21.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 26, 2026); data from EODHD.
SKYX financial position
At the end of fiscal 2025 (December 31, 2025), SKYX Platforms had total assets of $57.7 million (down 12.4% from a year earlier), total liabilities of $57.3 million and shareholders' equity of $0.4 million. It held $8.1 million in cash and short-term investments against $37.4 million of debt, net debt of $29.3 million. Its current ratio was 0.63. In the latest quarter (ended June 30, 2026) total assets were $74.1 million and equity $18.7 million.
Related: SKYX income statement, SKYX cash flow statement, SKYX key metrics. See the SKYX stock overview for the latest quote and news.
SKYX balance sheet FAQ
What are SKYX Platforms's total assets?
SKYX Platforms reported total assets of $57.7 million at the end of fiscal 2025 (December 31, 2025), compared with $65.9 million a year earlier.
How much debt does SKYX Platforms have?
SKYX Platforms had $37.4 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 90.75.
How much cash does SKYX Platforms have?
SKYX Platforms held $8.1 million in cash and short-term investments at the end of fiscal 2025; with $37.4 million of debt that is net debt of $29.3 million.
What is SKYX Platforms's book value?
SKYX Platforms's shareholders' equity (book value) was $0.4 million at the end of fiscal 2025, or $0.00 per share.
What is SKYX Platforms's current ratio?
SKYX Platforms had current assets of $15.4 million and current liabilities of $24.6 million, a current ratio of 0.63 (current liabilities exceed current assets).
How much goodwill does SKYX Platforms have?
SKYX Platforms carried $21.2 million of goodwill and intangible assets, 36.7% of total assets, at the end of fiscal 2025.