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Skyx Platforms cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$3.7M in Q2 2026 · −$16.7M over twelve months

Operating cash flow−$3.7M
Free cash flow−$3.7M
Cash conversion cycle-52 days

Analysis

In Q2 2026, Skyx Platforms generated −$3.7M of operating cash flow. That is $1.7M less than in Q2 2025 (−$2.0M).

Over the twelve months to Jun 30, 2026, operating cash flow was −$16.7M; the largest uses were operating cash flow ($16.7M), net borrowing (+) / repaid (−) ($6.3M), other investing ($1.2M); besides operations, cash came from shares issued ($29.8M), other financing ($7.4M); the cash balance rose by $12.0M.

Operating cash flow was −$3.7M against net income of −$8.2M. The largest differences: stock-based pay +$2.5M, payables +$2.2M, inventory −$1.0M.

Its cash conversion cycle was -52 days (receivables 8 + inventory 19 − payables 80): suppliers fund its working capital.

Free cash flow

Skyx Platforms: free cash flow by quarterSkyx Platforms: free cash flow by quarter−$2.8MQ3 2024−$5.3MQ4 2024−$4.3MQ1 2025−$2.0MQ2 2025−$5.0MQ3 2025−$2.0MQ4 2025−$6.0MQ1 2026−$3.7MQ2 2026
Operating cash flow less capital spending.
Skyx Platforms: operating cash flow against capital spendingSkyx Platforms: operating cash flow against capital spendingOperating cash flowCapital spending−$2.6M$257KQ3 2024−$5.3M$0Q4 2024−$4.3M$0Q1 2025−$2.0M$0Q2 2025−$5.0M$0Q3 2025−$2.0M$0Q4 2025−$6.0M$0Q1 2026−$3.7M$0Q2 2026
Latest (Q2 2026): Operating cash flow −$3.7M, Capital spending $0.

Capital allocation, year by year

Skyx Platforms: where the cash came from (up) and went (down), by fiscal yearSkyx Platforms: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingAcquisitionsDividendsFY2021: Operating cash flow −$4.6MFY2021: Net borrowing −$294KFY2021: Shares issued $13.2MFY2021: Dividends −$129K$13.2MFY2021FY2022: Operating cash flow −$13.8MFY2022: Net borrowing −$446KFY2022: Shares issued $24.0MFY2022: Capital spending −$313KFY2022: Dividends −$38K$24.0MFY2022FY2023: Operating cash flow −$13.0MFY2023: Net borrowing $13.4MFY2023: Shares issued $9.8MFY2023: Acquisitions −$4.2M$23.3MFY2023FY2024: Operating cash flow −$18.3MFY2024: Net borrowing −$2.3MFY2024: Shares issued $4.4MFY2024: Acquisitions −$750K$4.4MFY2024FY2025: Operating cash flow −$13.3MFY2025: Net borrowing $5.2MFY2025: Shares issued $6.0MFY2025: Dividends −$1.0M$11.3MFY2025
Over these 5 years operating cash flow totalled −$63.0M; the largest uses were operating cash flow ($63.0M) and acquisitions ($5.0M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$25.7M
Debt$17.3M
Net cash$8.3M
Due within a year$2.6M
Cash runway18 months

Skyx Platforms is burning cash: its operations consume cash, a free cash flow of −$16.7M a year at the current rate against $25.7M of cash and investments: a runway of about 18 months; $2.6M of debt also comes due within a year, which the cash covers before any new financing.

Skyx Platforms: debt maturities by year (FY2025)Skyx Platforms: debt maturities by year (FY2025)$2.6MYear 1$1.7MYear 2$4KYear 3$4KYear 4
Principal due in each year as disclosed in the annual report, against $25.7M of cash and investments now.

Where the cash came from and went

Skyx Platforms: sources (+) and uses (−) of cash, Q2 2026Skyx Platforms: sources (+) and uses (−) of cash, Q2 2026Cash drawn (+) / kept (−)$4.6MOperating cash flow−$3.7MShares issued$1.6MOther financing−$1.6MNet borrowing (+) / repaid (−)−$675KDividends−$257KOther investing$2K
Skyx Platforms: sources (+) and uses (−) of cash, TTM to Q2 2026Skyx Platforms: sources (+) and uses (−) of cash, TTM to Q2 2026Shares issued$29.8MOperating cash flow−$16.7MCash drawn (+) / kept (−)−$12.0MOther financing$7.4MNet borrowing (+) / repaid (−)−$6.3MOther investing−$1.2MDividends−$1.0M

From profit to cash

Skyx Platforms: net income to operating cash flow, Q2 2026Skyx Platforms: net income to operating cash flow, Q2 2026Net income−$8.2MDepreciation & amortization$1.0MStock-based pay$2.5MReceivables−$458KInventory−$1.0MPayables$2.2MDeferred revenue$806KPrepaid and other assets−$300KOperating cash flow−$3.7M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 202681980-52
Q1 202682289-59
Q4 202592182-51

Every quarter

QuarterOperating cash flowCapital spendingDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026−$3.7M—−$257K−$675K$1.6M$4.6M−$3.7M
Q1 2026−$6.0M—−$249K−$735K$27.4M−$22.2M−$6.0M
Q4 2025−$2.0M—−$323K$2.0M$775K−$223K−$2.0M
Q3 2025−$5.0M—−$213K—$10$5.8M−$5.0M
Q2 2025−$2.0M—−$272K−$448K$7.2M−$3.4M−$2.0M
Q1 2025−$4.3M—−$213K−$122K$1.5M$3.2M−$4.3M
Q4 2024−$5.3M——$256K$1−$2.5M−$5.3M
Q3 2024−$2.6M−$257K——$8K$2.6M−$2.8M

Skyx Platforms: income statement and cash flow

Skyx Platforms, Q2 2026: revenue $25.3M (+10% year over year), operating margin -28.0%. The chart follows the revenue to costs, profit and cash.

Skyx Platforms: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.