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Skyx Platforms (SKYX) Q2 2025 earnings results (second quarter 2025)

10-Q filed Aug 12, 2025

Skyx Platforms (SKYX) reported revenue of $23.1M for the second quarter 2025 (Q2 2025), +8% from a year earlier and +15% from the quarter before. Operating margin was -32.6%, net loss $8.8M (38.3% of revenue).

Revenue$23.1M
Year over year+8%
Quarter over quarter+15%
Operating margin-32.6%
Net earnings−$8.8M

Skyx Platforms, Q2 2025: revenue $23.1M (+8% year over year), operating margin -32.6%, net loss $8.8M, operating cash flow −$2.0M. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$23.1M+15%+8%
Operating profit−$7.5M——
Net earnings−$8.8M——
Operating cash flow−$2.0M——

What changed

Revenue was $23.1M in Q2 2025, up 8% year over year and up 15% from the previous quarter.

Operating costs exceeded revenue by $7.5M, an operating margin of -32.6%. The fastest-growing cost line was General & admin (+27%). The quarter ended with a net loss of $8.8M, narrower than the previous quarter's $9.1M loss.

Operating cash flow was −$2.0M. Non-cash charges added back $1.3M of depreciation and amortization and $3.6M of share-based compensation. Working capital and other items added $2.0M.

Questions

What was Skyx Platforms' revenue in the second quarter 2025?

Skyx Platforms (SKYX) reported revenue of $23.1M for the second quarter 2025 (Q2 2025), +8% from a year earlier and +15% from the quarter before.

Was Skyx Platforms profitable in the second quarter 2025?

Operating loss was $7.5M (-32.6% of revenue) and net loss $8.8M.

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Source: Skyx Platforms 10-Q on SEC EDGAR.