What is SKYX Platforms Corp.'s contract liabilities?

SKYX Platforms Corp. (SKYX) reported contract liabilities of $1.56M in Q1 2026.

How has SKYX Platforms Corp.'s contract liabilities changed year-over-year?

SKYX Platforms Corp.'s contract liabilities decreased by 17.6% year-over-year, from $1.89M to $1.56M.

What does contract liabilities mean?

Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

SKYX Platforms Corp. SKYX Contract Liabilities

Contract Liabilities at other companies

Lowe's CompaniesLOW

$1.25B-1.4%

ADTADT

$2.08B0.0%

Other financials

Income statement

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Revenue$22.1M+9.8%

Gross profit$6.6M+16.0%

Operating income-$8.2M-5.8%

Net income-$9.3M-2.5%

EPS (diluted)-$0.07+22.2%

Balance sheet

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Cash & equivalents$32.3M+242%

Total debt$39.9M+77.1%

Total equity$18.8M+2,706%

Total assets$77.9M+23.4%

Cash flow

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Operating cash flow-$6.0M-39.1%

CapEx$94.0K-77.3%

Free cash flow-$6.1M-28.9%

Valuation

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Market cap$139.86M+3.0%

Enterprise value$147.45M-14.6%

P/S1.5×0.0×

Profitability

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Gross margin30.6%+2.3pp

Operating margin-31.5%-3.2pp

Net margin-35.8%-3.5pp

FCF margin-17.7%-2.1pp

Returns & leverage

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Return on equity-717.7%-1,447pp

Debt / equity2.1×—

Current ratio1.7×+1.1×

Where this comes from

Reported directly by SKYX Platforms Corp. in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

The official record: SKYX Platforms Corp.’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is SKYX Platforms Corp.'s contract liabilities?: SKYX Platforms Corp. (SKYX) reported contract liabilities of $1.56M in Q1 2026.
How has SKYX Platforms Corp.'s contract liabilities changed year-over-year?: SKYX Platforms Corp.'s contract liabilities decreased by 17.6% year-over-year, from $1.89M to $1.56M.
What does contract liabilities mean?: Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.