SKYX Platforms (SKYX) Operating Expenses (2013 - 2026)
SKYX Platforms (SKYX) reported Operating Expenses of $30.3 million for Q1 2026, up 8.73% on a YoY basis from $27.8 million in Q1 2025, and down 5.62% quarter-over-quarter from $32.1 million in Q4 2025.
SKYX Platforms (SKYX) Operating Expenses (2013 - 2026) Analysis & Trends
SKYX Platforms has reported Operating Expenses for 12 years, with the latest figure at $30.3 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 8.73% year-over-year to $30.3 million; the trailing twelve-month figure through Mar 2026 stood at $123.6 million (up 4.4% YoY), and the FY2025 full-year result was $121.1 million, up 2.31% from the prior year.
- Operating Expenses for Q1 2026 stood at $30.3 million, down from $32.1 million in the prior quarter.
- The five-year high for Operating Expenses was $59.2 million in Q4 2023, with the low at $4.5 million in Q4 2022.
- Historically, Operating Expenses has averaged $23.1 million across 5 years, with a median of $27.8 million in 2025.
- Annual changes were most pronounced in 2022 — Operating Expenses surged 1276.94% — and 2024, when it sank 44.14%.
- SKYX Platforms' Operating Expenses stood at $4.5 million in 2022, then jumped by 1210.58% to $59.2 million in 2023, then tumbled by 44.14% to $33.1 million in 2024, then slipped by 3.05% to $32.1 million in 2025, then retreated by 5.62% to $30.3 million in 2026.
- The last three Operating Expenses figures came in at $30.3 million (Q1 2026), $32.1 million (Q4 2025), and $30.7 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn | 451.80 Mn |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn | 153.35 Mn |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn | 249.90 Mn |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn | 241.50 Mn |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn | 132.60 Mn |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn | 30.13 Mn |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn | 16.90 Mn |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn | 387.40 Mn |
| 10 | SKYX Platforms | 134.62 Mn | 104.36 Mn | 15.03 Mn | 30.26 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 30.26 Mn |
| Dec 31, 2025 | 32.06 Mn |
| Sep 30, 2025 | 30.66 Mn |
| Jun 30, 2025 | 30.58 Mn |
| Mar 31, 2025 | 27.83 Mn |
| Dec 31, 2024 | 33.07 Mn |
| Sep 30, 2024 | 29.77 Mn |
| Jun 30, 2024 | 27.68 Mn |
| Mar 31, 2024 | 27.87 Mn |
| Dec 31, 2023 | 59.19 Mn |
| Sep 30, 2023 | 13.22 Mn |
| Jun 30, 2023 | 16.95 Mn |
| Mar 31, 2023 | 7.25 Mn |
| Dec 31, 2022 | 4.52 Mn |
| Sep 30, 2022 | 5.61 Mn |
| Jun 30, 2022 | 4.57 Mn |
| Mar 31, 2022 | 11.95 Mn |
| Dec 31, 2021 | 1.88 Mn |
| Sep 30, 2021 | 1.43 Mn |
| Jun 30, 2021 | 962,330.00 |