# SKYX Platforms Corp. (SKYX) · Edgar & Edgarette company card

> SKYX Platforms (SKYX) grew revenue 6.6% in FY2025 to $92 million, operating margin -31.6% against a 3.6% median for electric lighting & wiring equipment, equity -8.0% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1598981 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/SKYX) · [JSON](https://www.pops4.com/boards/company/SKYX.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $92M |
| Revenue growth, 1 year | 6.6% |
| Revenue growth per year | 579.7% |
| Operating margin | -31.6% (prior year -37.2%) |
| Net margin | -36.3% |
| Operating cash flow | −$13M |
| Capital spending | — |
| Free cash flow | — |
| Cash | $8M |
| Long-term debt | $19M |
| Total assets | $58M |
| Total equity | −$5M |
| Equity ÷ assets | -8.0% |
| Return on equity | — |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -16.73 (distress zone)
- Piotroski F: 3 of 9 (middling)
- Beneish M: -4.31 (below the −1.78 line)
- Health Harbor boat: Rotting at the dock · four or more warning signs · liabilities exceed assets (often from years of share buybacks, not always distress); operating cash flow was negative; operating loss: a margin of -31.6% in FY2025; revenue is hard to predict: its 80% range is ±50%
- Cash Compass: Fast, cash not yet · growing fast, but little cash arriving so far

## Edgarette's reading

Exposure: revenue $92.0M (FY2025), total debt $19.3M. Experience: revenue up 6.6% on the year, up 579.7% a year over 4 years; operating margin -31.6%, up from -37.2%. Soundness: equity -8.0% of assets (liabilities exceed assets). Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $389.4M and $1.2B next year (method v4.1: its own 3-year record of growth weighed at 40% against $50M–100M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $405.9M to $1.1B. A statistical range, not company guidance. Against peers (151 filers, $50M+ revenue, its industry group): operating margin -31.6% against a 3.6% median; growth 6.6% against 9.1%.

Range logged 2026-09-25, receipt fb6864b3e333f956, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 3.01 Exchange listing notice or transfer: 1, latest 2026-10-01 ([filing](https://www.sec.gov/Archives/edgar/data/1598981/000149315226045379/0001493152-26-045379-index.htm))

## Recent filings

- 8-K · filed 2026-10-14 · 1.01 Entry into a Material Definitive Agreement; 2.01 Completion of Acquisition or Disposition of Assets; 2.03 Creation of a Direct Financial Obligation; 3.02 Unregistered Sales of Equity Securities; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1598981/000149315226046938/0001493152-26-046938-index.htm)
- 8-K · filed 2026-10-01 · 3.01 Notice of Delisting or Failure to Satisfy a Listing Rule · [filing](https://www.sec.gov/Archives/edgar/data/1598981/000149315226045379/0001493152-26-045379-index.htm)
- 8-K · filed 2026-09-10 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 3.02 Unregistered Sales of Equity Securities; 7.01 Regulation FD Disclosure; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1598981/000149315226042086/0001493152-26-042086-index.htm)
- 10-Q · filed 2026-08-12 · [filing](https://www.sec.gov/Archives/edgar/data/1598981/000149315226037354/0001493152-26-037354-index.htm)
- 8-K · filed 2026-08-12 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1598981/000149315226037353/0001493152-26-037353-index.htm)
- 8-K · filed 2026-07-10 · 5.07 Submission of Matters to a Vote of Security Holders · [filing](https://www.sec.gov/Archives/edgar/data/1598981/000149315226032869/0001493152-26-032869-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001598981.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1598981

## Cite

POPS4, Edgar & Edgarette: SKYX Platforms Corp. (SKYX) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/SKYX. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.