# SkyAI, Inc. (SKYA)

> Source: Nexqual · https://nexqual.com/SKYA · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, SkyAI, Inc. (SKYA), nexqual.com/SKYA" · informational, not investment advice.

**Price:** USD 2.89 (+0.70% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 2.87 · day 2.86–2.9 · 52w 0.91–5.49 · market cap $125M · NCM

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $174K, net income -$398M (-228220.7% margin) (SEC filings).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $78K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: None.
- Total return with dividends: 1Y -42.8% vs S&P 500 +13.4%; 5Y -100.0% vs S&P 500 +76.9%.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | $204K | $174K |
| Gross profit | — | — | — | — | -$413K | — |
| Operating income | -$4.5M | -$8.7M | -$10.1M | -$5.6M | -$270M | -$374M |
| Net income | -$4.7M | -$4.6M | -$9.8M | -$9.3M | -$283M | -$398M |
| EPS (diluted) | — | -$3762.00 | -$4983.00 | -$2219.92 | -$11.16 | — |
| Free cash flow | -$5.4M | -$7.0M | -$9.2M | -$4.5M | — | — |
| Gross margin | — | — | — | — | -202.5% | — |
| Operating margin | — | — | — | — | -132145.5% | -214930.9% |
| Net margin | — | — | — | — | -138400.0% | -228220.7% |
| Cash + short-term investments | $1.5M | $4.2M | $3.0M | $755K | $10.4M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 717.6x · P/B 0.8x · Earnings yield -318.05%

## Insider purchases (SEC Form 4, open-market, last ~7 months)
1 purchase, $78K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-10-07 | Bastion Trading Ltd |  | 44,000 | $78K | 1.78 | Too little history (no open-market trades in 2023–2025) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus None.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2022-04-11) |
|---|---|---|
| Total return | -42.8% | -100.0% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -42.9% | -84.6% |
| Volatility (annualized) | 106.5% | 151.4% |
| Max drawdown | -82.4% (Oct 2025→Jun 2026) | -100.0% (Apr 2022→Aug 2026) |

## Peers (Software - Infrastructure)
PAY (Paymentus Holdings, Inc.) USD 33.35 -2.11% · BLSH (Bullish) USD 28.21 -3.36% · DLO (DLocal Limited) USD 15.06 +1.48% · TENB (Tenable Holdings, Inc.) USD 44.59 +6.17% · BB (BlackBerry Limited) USD 8.92 +3.84% · RELY (Remitly Global, Inc.) USD 24.82 -1.97%

## More
Full page: https://nexqual.com/SKYA · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in SKYA's own 10-K filed 2026-03-31 (https://www.sec.gov/Archives/edgar/data/1737995/000149315226014261/form10-k.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Sol Equity | "August 19, 2025, Sol Equity entered into a Custody Agreement with FalconX (the "FalconX Agreement") to hold our digital assets." |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter | — | — | — | $0 | — |
| Next quarter | — | — | — | $0 | — |
| Current fiscal year (ends 2025-12-31) | — | — | — | $0 | — |
| Next fiscal year | — | — | — | $0 | — |