Filing Flows › Skyx Platforms (SKYX) › Q1 2026
Skyx Platforms (SKYX) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
Skyx Platforms (SKYX) reported revenue of $22.1M for the first quarter 2026 (Q1 2026), +10% from a year earlier and -11% from the quarter before. Operating margin was -36.9%, net loss $9.3M (42.0% of revenue).
Skyx Platforms, Q1 2026: revenue $22.1M (+10% year over year), operating margin -36.9%, net loss $9.3M, operating cash flow −$6.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $22.1M | -11% | +10% |
| Operating profit | −$8.2M | — | — |
| Net earnings | −$9.3M | — | — |
| Operating cash flow | −$6.0M | — | — |
What changed
Revenue was $22.1M in Q1 2026, up 10% year over year and down 11% from the previous quarter.
Operating costs exceeded revenue by $8.2M, an operating margin of -36.9%. Total costs grew 9% against revenue growth of 10%. The fastest-growing cost line was General & admin (+17%). The quarter ended with a net loss of $9.3M, wider than the previous quarter's $7.9M loss.
Operating cash flow was −$6.0M. Non-cash charges added back $1.2M of depreciation and amortization and $3.1M of share-based compensation. Working capital and other items used $1.1M.
Questions
What was Skyx Platforms' revenue in the first quarter 2026?
Skyx Platforms (SKYX) reported revenue of $22.1M for the first quarter 2026 (Q1 2026), +10% from a year earlier and -11% from the quarter before.
Was Skyx Platforms profitable in the first quarter 2026?
Operating loss was $8.2M (-36.9% of revenue) and net loss $9.3M.
Source: Skyx Platforms 10-Q on SEC EDGAR.