SKYX Platforms Corp.SKYXEarnings & Financial Report
SKYX Platforms Corp is a U.S.-headquartered technology firm focused on developing and commercializing smart electrical and lighting installation solutions. It serves residential and commercial construction markets, with products simplifying safe, code-compliant installation of ceiling fixtures, fans and smart home devices.
Revenue
$21.4M
Gross Profit
$6.6M
Operating Profit
$-6.2M
Net Profit
$-7.5M
Gross Margin
30.7%
Operating Margin
-29.1%
Net Margin
-34.8%
YoY Growth
43.1%
EPS
$-0.08
Financial Flow
SKYX Platforms Corp. Q2 2024 Financial Summary
SKYX Platforms Corp. reported revenue of $21.4M (up 43.1% YoY) for Q2 2024, with a net profit of $-7.5M (up 39.2% YoY) (-34.8% margin). Cost of goods sold was $14.9M, operating expenses totaled $12.8M.
Key Financial Metrics
| Total Revenue | $21.4M |
|---|---|
| Net Profit | $-7.5M |
| Gross Margin | 30.7% |
| Operating Margin | -29.1% |
| Report Period | Q2 2024 |
SKYX Platforms Corp. Annual Revenue by Year
SKYX Platforms Corp. annual revenue history includes year-by-year totals (for example, 2025 revenue was $92.0M).
| Year | Annual Revenue |
|---|---|
| 2025 | $92.0M |
| 2024 | $86.3M |
| 2023 | $58.8M |
| 2022 | $32.0K |
SKYX Platforms Corp. Quarterly Revenue & Net Profit History
SKYX Platforms Corp. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $24.9M | +5.3% | $-7.9M | -31.8% |
| Q3 2025 | $23.9M | +7.8% | $-7.6M | -31.9% |
| Q2 2025 | $23.1M | +7.5% | $-8.8M | -38.3% |
| Q1 2025 | $20.1M | +6.0% | $-9.1M | -45.0% |
| Q4 2024 | $23.7M | +6.8% | $-10.0M | -42.3% |
| Q3 2024 | $22.2M | +2.6% | $-8.6M | -38.9% |
| Q2 2024 | $21.4M | +43.1% | $-7.5M | -34.8% |
| Q1 2024 | $19.0M | +189204.9% | $-9.7M | -51.0% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $19.0M | $21.4M | $22.2M | $23.7M | $20.1M | $23.1M | $23.9M | $24.9M |
| YoY Growth | 189204.9% | 43.1% | 2.6% | 6.8% | 6.0% | 7.5% | 7.8% | 5.3% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $74.2M | $69.2M | $65.0M | $65.9M | $63.2M | $64.4M | $58.4M | $57.7M |
| Liabilities | $60.7M | $59.7M | $61.1M | $56.8M | $58.9M | $58.7M | $57.3M | $57.3M |
| Equity | $13.5M | $9.5M | $3.8M | $4.1M | $-722394 | $689939 | $-3.8M | $-4.6M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-6.1M | $-4.3M | $-2.6M | $-5.3M | $-4.3M | $-2.0M | $-5.0M | $-2.0M |