Skyx Platforms Corp. key statistics and ratios
In fiscal 2025, Skyx Platforms Corp. had an operating margin of -31.6% and a current ratio of 0.63. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.
Financial ratios
| Fiscal year | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | — | 14.1% | 12.5% | 17.2% | — | 40.9% | 30.7% | 28.5% | 30.3% | 30.2% |
| Operating margin | — | — | — | — | <−999% | <−999% | −64.3% | −37.2% | −31.6% | −30.3% |
| Net margin | — | −932.1% | <−999% | −347.0% | <−999% | <−999% | −67.6% | −41.5% | −36.3% | −34.3% |
| Free-cash-flow margin | — | −131.2% | −88.1% | −58.2% | — | <−999% | −22.1% | −21.2% | −14.4% | −17.3% |
| Return on assets | −64.9% | −273.8% | −943.8% | −233.5% | −51.2% | −98.1% | −66.5% | −50.3% | −54.1% | −50.1% |
| Asset turnover | — | 0.29 | 0.67 | 0.67 | 0.00 | 0.00 | 0.98 | 1.21 | 1.49 | 1.46 |
| Current ratio | 0.17 | 0.03 | 0.26 | 0.26 | 4.32 | 2.20 | 1.13 | 0.78 | 0.63 | 1.46 |
| Debt to equity | — | — | — | — | — | 83.1% | 147.9% | 595.0% | — | 127.6% |
| Interest cover (operating income ÷ interest) | — | — | — | — | n/m | n/m | n/m | n/m | n/m | n/m |
| SG&A as % of revenue | — | — | — | — | >999% | >999% | — | — | — | — |
| Capital spending as % of revenue | — | 0.6% | 0.2% | 1.7% | — | 976.5% | 0.0% | 0.0% | 0.0% | 0.0% |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 30.9% | 23.6% | 28.4% | 30.3% | 31.7% | 30.3% | 30.0% | 28.9% |
| Operating margin | −34.3% | −39.6% | −38.3% | −32.6% | −28.3% | −28.5% | −36.9% | −28.0% |
| Net margin | −38.9% | −42.3% | −45.0% | −38.3% | −31.9% | −31.8% | −42.0% | −32.5% |
| Free-cash-flow margin | −12.7% | — | −21.5% | −8.6% | −20.9% | −8.0% | −27.2% | −14.5% |
| Current ratio | 0.62 | 0.78 | 0.64 | 0.70 | 0.65 | 0.63 | 1.70 | 1.46 |
| Debt to equity | 517.7% | 496.1% | — | >999% | — | — | 97.9% | 127.0% |
Financial health
- Short-term assets cover short-term liabilities $34m of assets due within a year against $23m of liabilities due within a year.
- Short-term assets cover long-term liabilities $34m short-term assets against $32m of longer-dated liabilities.
- More cash than debt $26m of cash against $17m of debt.
- Debt below 40% of shareholders' equity Debt is 127% of equity.
- Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
- A year's operating cash flow covers at least 20% of debt −$17m of operating cash flow against $17m of debt.
- Operating profit covers interest at least five times over Operating income of −$29m against $4m of interest.
Moat
Weak moat
How hard Skyx Platforms's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.
- Returns on capital 0 / 20
Net income has been a median -54.8% of total assets over 6 years.
- Pricing power 5 / 20
Gross margin has been a median 28.2%, moving by 7.3 percentage points (standard deviation) across 7 years.
- Durability 10 / 20
Operating margin has been a median -36.2%; its worst year was -197.2%.
- Cash conversion 0 / 20
Free cash flow was positive in 0 of 5 years, at a median -19.9% of revenue.
AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.
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