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SKYX Platforms Corp. SKYX Increase (Decrease) in Prepaid Expense and Other Assets

Increase (Decrease) in Prepaid Expense and Other Assets at other companies

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$7.17M+1,786%
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-$1.44M-437%
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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:IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets.

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 increase (decrease) in prepaid expense and other assets?
SKYX Platforms Corp. (SKYX) reported increase (decrease) in prepaid expense and other assets of $75.84K in Q1 2026.
How has SKYX Platforms Corp.'s increase (decrease) in prepaid expense and other assets changed year-over-year?
SKYX Platforms Corp.'s increase (decrease) in prepaid expense and other assets decreased by 90.3% year-over-year, from $782.17K to $75.84K.
What does increase (decrease) in prepaid expense and other assets mean?
This tracks changes in cash paid in advance for goods or services that will be consumed in future periods. It reflects the timing difference between cash outflows and the recognition of related expenses on the income statement.