SKYX Platforms Corp. (SKYX) Income Statement
SKYX 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSKYX revenue and net income
Where SKYX's revenue goes
2025Each bar shows an amount and its share of revenue. SKYX kept −36.3% of revenue as net income.
SKYX profit margins
SKYX growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +6.6% | +1,321.7% | +223.8% | — |
| Gross profit | +13.2% | +1,185.3% | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SKYX quarterly EPS vs estimates
SKYX Platforms beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 11, 2026 (estimate $-0.05).
SKYX income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $92.0M | $86.3M | $58.8M | $32,022 | $43,109 | $258,376 | $3.8M | $7.7M | $7.0M | $2.9M |
| Cost of revenue | $64.2M | $61.7M | $40.7M | $18,913 | $149,286 | $503,033 | $3.7M | $6.4M | $6.1M | $2.5M |
| Gross profit | $27.8M | $24.6M | $18.0M | $13,109 | −$106,177 | −$244,657 | $153,481 | $1.3M | $878,583 | $407,755 |
| Research & development | — | — | — | — | — | — | $2.2M | — | — | — |
| Sales, general & admin | $56.9M | $56.7M | $55.9M | $26.6M | $5.1M | $8.7M | — | — | $6.9M | $5.2M |
| Total operating expenses | $56.9M | $56.7M | $55.9M | $26.6M | $5.1M | $8.7M | $16.5M | $8.2M | $6.9M | $5.2M |
| Operating income | −$29.1M | −$32.1M | −$37.8M | −$26.6M | −$5.2M | −$9.0M | −$16.3M | −$6.9M | −$6.0M | −$4.8M |
| Interest income | — | — | — | — | $36 | $1,511 | — | — | — | — |
| Interest expense | $4.3M | $4.1M | $3.6M | $589,009 | $560,418 | $515,515 | $490,626 | $294,735 | $980,867 | $2.9M |
| Income before taxes | −$33.4M | −$35.8M | −$39.7M | −$27.0M | −$5.7M | −$9.2M | −$16.8M | −$26.7M | −$98.4M | −$26.9M |
| Income taxes | — | — | −$2 | −$178,250 | $560,418 | $515,515 | −$1 | −$19.5M | −$91.5M | $2.9M |
| Net income | −$33.4M | −$35.8M | −$39.7M | −$27.1M | −$5.7M | −$9.2M | −$16.8M | −$26.7M | −$98.4M | −$26.9M |
| EBITDA | −$24.8M | −$27.6M | −$33.3M | −$25.6M | −$5.1M | −$8.6M | −$16.2M | −$23.9M | −$95.0M | −$21.6M |
| EPS (diluted) | −$0.32 | −$0.35 | −$0.42 | −$0.42 | −$0.05 | −$0.14 | — | −$0.55 | −$2.56 | −$0.75 |
| Gross margin | 30.3% | 28.5% | 30.7% | 40.9% | −246.3% | −94.7% | 4.0% | 17.2% | 12.5% | 14.1% |
| Operating margin | −31.6% | −37.2% | −64.3% | −83,146.5% | −12,034.8% | −3,477.9% | −428.6% | −89.6% | −85.4% | −167.4% |
| Net margin | −36.3% | −41.5% | −67.6% | −84,540.0% | −13,292.8% | −3,577.0% | −439.7% | −347.0% | −1,403.4% | −932.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $25.3M | $22.1M | $24.9M | $23.9M | $23.1M | $20.1M | $23.7M | $22.2M | $21.4M | $19.0M | $22.2M | $21.6M |
| Cost of revenue | $18.0M | $15.5M | $17.4M | $16.3M | $16.1M | $14.4M | $18.1M | $15.3M | $14.9M | $13.4M | $15.5M | $14.9M |
| Gross profit | $7.3M | $6.6M | $7.6M | $7.6M | $7.0M | $5.7M | $5.6M | $6.8M | $6.6M | $5.6M | $6.6M | $6.7M |
| Sales, general & admin | $14.4M | $14.8M | $14.7M | $14.3M | $14.5M | $13.4M | $15.0M | $14.4M | $12.8M | $14.5M | $43.3M | $13.2M |
| Total operating expenses | $14.4M | $14.8M | $14.7M | $14.3M | $14.5M | $13.4M | $15.0M | $14.4M | $12.8M | $14.5M | $34.0M | $13.2M |
| Operating income | −$7.1M | −$8.2M | −$7.1M | −$6.8M | −$7.5M | −$7.7M | −$9.4M | −$7.6M | −$6.2M | −$8.9M | −$11.8M | −$6.5M |
| Interest expense | $1.2M | $8,750 | $1.6M | $18,146 | $1.3M | $1.3M | $1.0M | $1.0M | $1.2M | $787,854 | $507,781 | $662,173 |
| Income before taxes | −$8.2M | −$9.3M | −$7.9M | −$7.6M | −$8.8M | −$9.1M | −$10.0M | −$8.6M | −$7.5M | −$9.7M | −$12.3M | −$7.2M |
| Income taxes | — | — | — | — | — | — | — | — | $1 | $2 | — | $1.1M |
| Net income | −$8.2M | −$9.3M | −$7.9M | −$7.6M | −$8.8M | −$9.1M | −$10.0M | −$8.6M | −$7.5M | −$9.7M | −$12.3M | −$7.2M |
| EBITDA | −$6.0M | −$8.0M | −$5.5M | −$6.3M | −$6.2M | −$6.7M | −$8.1M | −$6.9M | −$4.9M | −$7.8M | — | −$5.2M |
| EPS (diluted) | −$0.06 | −$0.07 | −$0.08 | −$0.07 | −$0.08 | −$0.09 | −$0.10 | −$0.07 | −$0.08 | −$0.10 | −$0.14 | −$0.08 |
| Gross margin | 28.9% | 30.0% | 30.3% | 31.7% | 30.3% | 28.4% | 23.6% | 30.9% | 30.7% | 29.4% | 29.9% | 31.0% |
| Operating margin | −28.0% | −36.9% | −28.5% | −28.3% | −32.6% | −38.3% | −39.6% | −34.3% | −29.1% | −46.8% | −53.3% | −30.2% |
| Net margin | −32.5% | −42.0% | −31.8% | −31.9% | −38.3% | −45.0% | −42.3% | −38.9% | −34.8% | −51.0% | −55.6% | −33.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SKYX's financial statements (latest annual report filed March 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SKYX financial results
In fiscal year 2025 (ended December 31, 2025), SKYX Platforms reported revenue of $92.0 million, up 6.6% from the year before. It had a net loss of $33.4 million, a net profit margin of −36.3%. Diluted earnings per share came to −$0.32. Over five years revenue grew at an average rate of 223.8% a year.
See the SKYX stock overview for the latest quote and news, or the SKYX chart for price history and technical indicators.
SKYX income statement FAQ
What is SKYX Platforms's annual revenue?
SKYX Platforms reported total revenue of $92.0 million for fiscal year 2025, which ended on December 31, 2025. That was up 6.6% from $86.3 million the previous year.
Is SKYX Platforms profitable?
No. SKYX Platforms reported a net loss of $33.4 million in fiscal 2025, a net profit margin of −36.3%; its operating margin was −31.6%.
What is SKYX Platforms's gross margin?
SKYX Platforms's gross margin was 30.3% in fiscal 2025: for every $100 of revenue, SKYX Platforms kept $30 after the direct cost of its products and services.
How fast is SKYX Platforms growing?
Revenue grew 223.8% a year on average over the last five fiscal years, from $0.3 million to $92.0 million.
What are SKYX Platforms's earnings per share?
SKYX Platforms earned $-0.32 per diluted share in fiscal 2025, compared with $-0.35 a year earlier.
When will SKYX Platforms report its next earnings?
SKYX Platforms is expected to report results for the quarter ending September 30, 2026 on November 11, 2026.
When does SKYX Platforms's fiscal year end?
SKYX Platforms's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 26, 2026.