Financial Statements — SKYX
Balance Sheet
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 |
|---|
| Cash & Equivalents | 25.66 | 30.26 | 7.83 | 12.85 | 9.44 | 10.17 | 10.68 | 14.15 | 16.48 | 18.09 | 14.52 | 10.83 | 24.68 | 27.57 |
| Short-term Investments | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 3.86 | 7.33 | -- | -- |
| Accounts Receivable | 2.39 | 1.93 | 3.16 | 2.33 | 2.81 | 2.93 | 3.02 | 3.93 | 3.03 | 2.48 | -- | -- | -- | -- |
| Inventory | 4.33 | 3.30 | 3.72 | 3.10 | 3.68 | 4.54 | 4.22 | 3.78 | 5.39 | 4.82 | 2.10 | 1.47 | 1.25 | 0.92 |
| Total Current Assets | 33.96 | 36.78 | 16.44 | 20.43 | 18.25 | 18.99 | 21.55 | 25.48 | 28.34 | 28.74 | 20.62 | 20.47 | 26.96 | 29.92 |
| Property, Plant & Equipment | 1.17 | 1.25 | 0.35 | 1.99 | 1.69 | 0.84 | 0.35 | 0.46 | 0.59 | 0.48 | 0.19 | 0.24 | 0.27 | 0.21 |
| Goodwill | 16.16 | 16.16 | 16.16 | 16.16 | 16.16 | 16.16 | 16.16 | 16.16 | 15.80 | 15.48 | -- | -- | -- | -- |
| Intangible Assets | 4.25 | 4.60 | 5.12 | 4.17 | 4.77 | 5.61 | 7.15 | 7.63 | 8.44 | 9.02 | 0.68 | 0.64 | 0.60 | 0.58 |
| Total Non-current Assets | 40.14 | 41.17 | 41.98 | 44.01 | 44.92 | 45.98 | 47.61 | 48.70 | 50.00 | 51.64 | 28.57 | 27.29 | 2.41 | 0.79 |
| Total Assets | 74.10 | 77.95 | 58.41 | 64.44 | 63.17 | 64.97 | 69.16 | 74.19 | 78.34 | 80.38 | 49.19 | 47.76 | 29.37 | 30.71 |
| Accounts Payable | 16.85 | 14.60 | 14.84 | -- | -- | -- | 13.22 | 12.54 | 10.78 | 11.55 | 2.08 | 1.93 | 2.30 | 2.61 |
| Total Current Liabilities | 23.20 | 21.58 | 25.16 | 29.04 | 28.58 | 30.76 | 28.09 | 24.33 | 31.33 | 32.48 | 8.06 | 5.52 | 5.19 | 4.74 |
| Long-term Debt | 17.34 | 18.44 | 18.99 | 19.54 | 19.99 | 19.85 | 21.95 | 21.27 | 16.24 | 14.80 | 16.96 | 6.82 | 7.02 | 7.02 |
| Total Non-current Liabilities | 32.25 | 32.54 | 32.09 | 29.71 | 30.31 | 30.38 | 31.59 | 36.36 | 29.95 | 26.92 | 32.39 | 29.76 | 8.79 | 8.43 |
| Total Liabilities | 55.45 | 54.12 | 57.25 | 58.75 | 58.89 | 61.14 | 59.68 | 60.69 | 61.29 | 59.40 | 40.44 | 35.27 | 13.98 | 13.17 |
| Retained Earnings | (234.26) | (225.78) | (208.05) | (200.15) | (191.06) | (171.56) | (162.94) | (155.48) | (133.48) | (126.30) | (114.04) | (101.19) | (95.53) | (90.88) |
| Total Stockholder Equity | 13.66 | 18.82 | (3.84) | 0.69 | (0.72) | 3.83 | 9.48 | 13.50 | 17.06 | 20.98 | 8.53 | 12.26 | 14.92 | 16.72 |
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 |
|---|
| Total Revenue | 25.27 | 22.09 | 24.94 | 23.89 | 23.06 | 20.11 | 23.68 | 22.17 | 21.45 | 18.98 | 22.17 | 21.62 | 14.98 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Cost of Revenue* | 17.98 | 15.47 | 17.38 | 16.32 | 16.06 | 14.40 | 18.09 | 15.33 | 14.87 | 13.40 | 15.54 | 14.92 | 10.29 | 0.00 | (0.02) | 0.01 | 0.01 | 0.03 |
| Gross Profit | 7.29 | 6.63 | 7.56 | 7.57 | 7.00 | 5.71 | 5.60 | 6.84 | 6.58 | 5.58 | 6.63 | 6.70 | 4.70 | 0.01 | 0.03 | 0.00 | 0.00 | (0.02) |
| Selling, General & Admin | 7.58 | 7.72 | 8.08 | 8.23 | 8.33 | 6.60 | 8.70 | 8.17 | 6.54 | -- | -- | 7.52 | 16.95 | 7.25 | 4.29 | 5.61 | 4.57 | 11.92 |
| Total Operating Expenses* | 14.36 | 14.79 | 14.67 | 14.33 | 14.52 | 13.42 | 76.66 | 14.45 | 12.81 | 14.47 | 18.44 | 13.22 | 16.95 | 7.25 | 1.88 | 1.43 | 4.57 | 11.92 |
| Operating Income | (7.07) | (8.16) | (7.11) | (6.76) | (7.52) | (7.71) | (9.38) | (7.61) | (6.24) | (8.89) | (11.81) | (6.52) | (12.25) | (7.24) | (4.51) | (5.61) | (4.56) | (11.95) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.79 | 0.50 | 0.66 | 1.22 | 0.73 | 0.36 | 0.05 | 0.08 | 0.09 |
| Net Income | (8.22) | (9.28) | (7.92) | (7.62) | (8.83) | (9.05) | (10.01) | (8.62) | (7.46) | (9.68) | (12.31) | (7.18) | (12.27) | (7.97) | (4.87) | (5.66) | (4.65) | (11.86) |
| Basic EPS | (0.06) | (0.07) | -- | -- | (0.08) | (0.09) | (0.10) | (0.08) | (0.08) | (0.10) | (0.13) | (0.08) | (0.14) | (0.10) | (0.04) | (0.07) | (0.06) | (0.23) |
| Diluted EPS | (0.06) | (0.07) | (0.08) | (0.07) | (0.08) | (0.09) | (0.10) | (0.08) | (0.08) | (0.10) | (0.14) | (0.08) | (0.14) | -- | -- | -- | -- | -- |
* Derived from reported values
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 |
|---|
| Operating Cash Flow | (3.67) | (6.01) | (1.99) | (4.99) | (1.99) | (4.32) | (5.31) | (2.55) | (4.21) | (6.18) | (2.91) | (3.45) | (2.53) | (4.12) | (4.11) | (3.52) | (2.84) | (3.36) |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | -- | 0.26 | 0.23 | 0.05 | -- | 0.12 | -- | 0.00 | 0.05 | -0.00 | 0.07 | 0.19 |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | -- | (2.81) | (4.44) | (6.24) | -- | (3.57) | -- | (4.12) | (4.17) | (3.52) | (2.92) | (3.55) |
| Investing Cash Flow | 0.00 | (0.09) | (1.07) | (0.08) | (0.36) | (0.41) | (1.20) | (0.26) | (0.23) | (0.05) | 0.13 | (0.12) | 3.40 | (0.17) | (0.22) | (7.49) | (0.11) | (0.24) |
| Financing Cash Flow | (0.93) | 28.32 | 3.29 | (0.76) | 5.75 | 1.54 | 8.96 | 0.26 | 0.25 | 3.60 | 3.09 | 1.98 | 7.30 | 10.35 | 0.22 | (0.10) | 0.07 | 20.74 |
* Derived from reported values
