SKYA on Nasdaq

SkyAI, Inc.

American finance services company based in Melville, incorporated in Nevada.

Price unavailable

Last updated Oct 18, 2026.

Overview

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TickerSKYA on Nasdaq
IndustryFinance Services
HeadquartersNV
Incorporated inNV²
Business address105 Maxess Road, Ste. 124, Melville, Ny 11747²
Filer category, Emerging growth company²

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-202.5%Gross margin³

-132145.5%Operating margin³

-138400.0%Net margin³

-106.9%Return on equity³

Where the money goes

Where each dollar of revenue went, fiscal 2025

Selling, general and admin

Cost of revenue4¢$617.4K
Research and development1¢$198.8K
Selling, general and admin95¢$16.1M

Out of $204.1K in revenue.³ The company lost money this year.

Financial statements

Operating income⁴⁵⁶³-$269.7M in 2025+5897% since 2021

Net income⁴⁵⁶³-$282.5M in 2025+5957% since 2021

Every line of the income statement as filed: the last 2 fiscal years, latest first.³

Period ending	2025-12-31	2024-12-31
Net Revenue	$204.1K
Cost of goods sold	$198.6K
Cost of goods sold - inventory reserve	$418.9K
Total Cost of Goods Sold	$617.4K
Gross Margin (Loss)	-$413.3K
Staking Revenue, net	$6.8M
Warrant issuance related party	$101.3M
Consulting fees related parties	$3.4M
Selling, general and administrative	$16.1M	$5.0M
Research and development	$198.8K	$531.2K
Unrealized loss on digital assets	$153.0M
Realized loss on digital assets	$1.3M
Digital asset transaction expenses	$872.9K
Total Operating Expenses	$276.1M	$5.6M
Loss from Operations	-$269.7M	-$5.6M
Interest expense, net	-$416.7K	-$1.7M
Fair market value adjustment on warrants	$4.8M	$3.0M
Realized loss on derivatives	-$5.0M
Other expense		-$1.0M
Total Other Income (Expense)	-$600.1K	$342.3K
Net Loss Before Provision for Taxes	-$270.3M	-$5.2M
Net Loss from Continuing Operations	-$270.3M	-$5.2M
Loss from discontinued operations	-$11.2M	-$4.1M
Loss on disposal	-$1.1M
Income tax benefit	$132.0K	$30.0K
Loss from Discontinued Operations	-$12.2M	-$4.1M
Net Loss	-$282.5M	-$9.3M
Net loss per share from Continuing Operations, basic	-$11	-$1.2K
Net loss per share from Continuing Operations, diluted	-$11	-$1.2K
Net loss per share from Discontinued Operations, basic	-$0	-$972
Net loss per share from Discontinued Operations, diluted	-$0	-$972
Net loss per share, basic	-$11.16	-$2,219.92
Net loss per share, diluted	-$11.16	-$2,219.92
Weighted average shares used to compute net loss per share, basic	25.3M shares	4.2K shares
Weighted average shares used to compute net loss per share, diluted	25.3M shares	4.2K shares

Total assets⁴⁵⁶³$269.1M in 2025+4459% since 2021

Total liabilities⁴⁵⁶³$4.7M in 2025+70% since 2021

Shareholders’ equity⁴⁵⁶³$264.4M in 2025+12307% since 2020

Cash⁴⁵⁶³$10.4M in 2025+602% since 2021

Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 9 quarters (quarterly), latest first.³

Period ending	2025-12-31	2025-08-31	2025-04-30	2024-12-31	2024-07-31
Cash	$10.4M			$754.8K
Escrow deposit				$250.0K
Prepaid expenses related party	$6.7M
Prepaid expenses and other assets	$475.9K			$84.4K
Inventories, net	$645.3K			$538.8K
Current Assets, Discontinued Operations				$1.5M
Current Assets	$18.9M			$3.2M
Fixed assets, net	$81.2K			$1.2M
Digital assets, at fair value	$250.1M
Other assets	$370			$72.2K
Non-Current Assets, Discontinued Operations				$2.9M
Total Assets	$269.1M			$7.3M
Accounts payable	$590.7K			$693.2K
Accrued expenses and other	$922.0K			$346.5K
Margin loan	$3.1M
Notes payable, net of discount				$3.8M
Warrant liability	$97.5K			$98.9K
Current liabilities, Discontinued Operations				$283.4K
Total Current Liabilities	$4.7M			$5.2M
Non-Current Liabilities, Discontinued Operations				$132.0K
Total Liabilities	$4.7M			$5.3M
Common stock, $0.0001 par value; 500,000,000 shares authorized (2024: 1,666,667); 28,995,402 shares issued and outstanding (2024: 6,827)	$2.9K
Additional paid-in capital	$581.3M			$36.4M
Accumulated other comprehensive income				$23.3K
Accumulated deficit	-$316.9M			-$34.4M
Total Stockholders Equity	$264.4M			$2.0M
Total Liabilities and Stockholders Equity	$269.1M			$7.3M
Preferred stock, par value	$0.00			$0.00
Preferred stock, shares authorized	1.0M shares			1.0M shares
Preferred stock, shares issued	0 shares			0 shares
Preferred stock, shares outstanding	0 shares			0 shares
Common stock, par value	$0.00	$0.00		$0.00
Common stock, shares authorized	500.0M shares	500.0M shares	1.7M shares	1.7M shares	500.0M shares
Common stock, shares issued	29.0M shares			6.8K shares
Common stock, shares outstanding	29.0M shares			6.8K shares

Period ending	2025-12-31	2025-08-31	2025-04-30	2024-12-31	2024-07-31	2023-12-31	2022-03-31	2019-04-30	2017-11-30
Cash	$10.4M			$754.8K
Escrow deposit				$250.0K
Prepaid expenses related party	$6.7M
Prepaid expenses and other assets	$475.9K			$84.4K
Inventories, net	$645.3K			$538.8K
Current Assets, Discontinued Operations				$1.5M
Current Assets	$18.9M			$3.2M
Fixed assets, net	$81.2K			$1.2M
Digital assets, at fair value	$250.1M
Other assets	$370			$72.2K
Non-Current Assets, Discontinued Operations				$2.9M
Total Assets	$269.1M			$7.3M
Accounts payable	$590.7K			$693.2K
Accrued expenses and other	$922.0K			$346.5K
Margin loan	$3.1M
Notes payable, net of discount				$3.8M
Warrant liability	$97.5K			$98.9K
Current liabilities, Discontinued Operations				$283.4K
Total Current Liabilities	$4.7M			$5.2M
Non-Current Liabilities, Discontinued Operations				$132.0K
Total Liabilities	$4.7M			$5.3M
Common stock, $0.0001 par value; 500,000,000 shares authorized (2024: 1,666,667); 28,995,402 shares issued and outstanding (2024: 6,827)	$2.9K
Additional paid-in capital	$581.3M			$36.4M			$9.0M
Accumulated other comprehensive income				$23.3K
Accumulated deficit	-$316.9M			-$34.4M
Total Stockholders Equity	$264.4M			$2.0M		$7.9M
Total Liabilities and Stockholders Equity	$269.1M			$7.3M
Preferred stock, par value	$0.00			$0.00			$0.00	$0.00
Preferred stock, shares authorized	1.0M shares			1.0M shares			1.0M shares	10.0K shares
Preferred stock, shares issued	0 shares			0 shares
Preferred stock, shares outstanding	0 shares			0 shares
Common stock, par value	$0.00	$0.00		$0.00					$0.00
Common stock, shares authorized	500.0M shares	500.0M shares	1.7M shares	1.7M shares	500.0M shares		100.0M shares	50.0M shares	20.0M shares
Common stock, shares issued	29.0M shares			6.8K shares
Common stock, shares outstanding	29.0M shares			6.8K shares

Cash from operations⁴⁵⁶³-$11.0M in 2025+249% since 2021

Capital spending⁴⁵⁶$138.8K in 2024−94% since 2021

Free cash flow⁴⁵⁶³-$4.5M in 2024−15% since 2021

Every line of the cash flow as filed: the last 2 fiscal years, latest first.³

Period ending	2025-12-31	2024-12-31
Consolidated net loss	-$282.5M	-$9.3M
Less: Loss from discontinued operations	$12.2M	$4.1M
Loss from continuing operations	-$270.3M	-$5.2M
Depreciation and amortization	$132.5K	$37.5K
Accretion of debt discount	$708.4K	$1.7M
FMV adjustment for warrants	-$4.8M	-$3.0M
Digital assets received as staking revenues, net	-$6.8M
Realized loss on digital assets	$1.3M
Unrealized loss on digital assets	$153.0M
Realized loss on derivatives	$5.0M
Escrow forfeited	$250.0K	$1.0M
Foreign exchange impact	$378.4K	$516.9K
Accounts receivable - trade	-$204.1K
Prepaid expenses - related party	$3.3M
Prepaid expenses and other	-$322.8K	-$12.7K
Inventory	-$298.2K
Other assets	$40.0K	-$25.2K
Accounts payable and accrued liabilities	$238.4K	$98.4K
Net cash used in operating activities	-$11.0M	-$4.4M
Purchase of digital assets	-$170.5M
Purchase of USDC	-$17.0M
Escrow payment forfeited		-$1.0M
Net cash used in investing activities	-$187.5M	-$1.0M
Net proceeds from offerings and warrant exercises	$212.1M	$3.4M
Proceeds from debt financing		$2.5M
Repayment of debt financing	-$4.2M
Proceeds from margin loan	$7.6M
Net cash provided by financing activities	$215.5M	$5.9M
NET INCREASE IN CASH CONTINUING OPERATIONS	$17.0M	$506.0K
Beginning cash - discontinued operations	$109.2K	$23.0K
Operating Activities	-$5.8M	-$2.5M
Investing Activities	-$1.6M	-$129.8K
Ending cash - discontinued operations		-$109.2K
NET DECREASE IN CASH - DISCONTINUED OPERATIONS	-$7.4M	-$2.7M
Digital assets received from common stock issuance	$144.0M
USDC/USDT received from common stock issuance	$86.1M
USDC/USDT used for purchases of digital assets	-$83.5M
USDC transferred to related party	-$10.0M
USDC repayment of margin loan	-$4.6M
USDC payments for realized derivatives losses	-$5.0M
OID interest	$875.0K

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Leadership

Who has led SkyAI, Inc., and when. Pick a name to see everywhere that person has worked.

2025

ChairSoren Bo Christiansen May 5, 2022 to May 5, 2022⁹
Chief financial officerAndrew R. Crescenzo Apr 20, 2022 to now¹⁰
Chief operating officerAlan R. Blackman Apr 18, 2022 to May 4, 2022¹¹

Board members and other officers (10)

Chief Investment OfficerYuwen Zhang Oct 6, 2025 to now¹²
CTO and InventorBarry Boris Berler Apr 19, 2022 to May 5, 2022¹³
Board memberAndrew R. Crescenzo Aug 26, 2025 to now¹⁴
Board memberYuwen Zhang Oct 6, 2025 to now¹²
Board memberAlan R. Blackman Apr 18, 2022 to Jan 27, 2023¹¹
Board memberBrenda Baird Simpson Apr 18, 2022 to now¹⁵
Board memberJason L. Monroe Apr 18, 2022 to now¹⁶
Board memberPaul K. Danner Apr 18, 2022 to now¹⁷
Board memberSoren Bo Christiansen Apr 18, 2022 to now¹⁸
Board memberTimothy James Ruemler Apr 18, 2022 to now¹⁹

Former names

Sharps Technology Inc.May 2, 2018 to May 15, 2026²

Filings

342 filings to the SEC since October 2021: 5 annual reports, 14 quarterly reports, 89 major events, 88 insider forms, 25 large holders, 1 private raises, 120 other. The latest 20:

The 342 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 25 such filings since October 2021, the latest 10:

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Money raised

Private offerings the company reported to the SEC on Form D.

Aug 28, 2025Raised $410.9 million in a private offering of equity Form D: $1 billion offered in all Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 30. Change is in shares since the quarter before.

Fund	Shares	Value	Share of the fund	Change
Electric Capital Partners, LLC	2,621,210	$2.9M	2.9%	New
ParaFi Capital LP	2,150,180	$2.4M	0.9%	+1,000,180
Saba Capital Management, L.P.	1,511,988	$1.7M	0.1%	No change
Vanguard Capital Management LLC	1,393,242	$1.5M	0.0%	+226,249
Pantera Capital Partners LP	1,150,000	$1.3M	1.3%	No change
Arrington Capital Management, LLC	1,043,076	$1.2M	1.3%	No change
Scoggin Management LP	1,000,000	$1.1M	0.3%	No change
Citadel Advisors LLC	989,153	$1.1M	0.0%	+115,196
Geode Capital Management, LLC	399,666	$443.9K	0.0%	+58,295
Shay Capital LLC	369,832	$410.5K	0.0%	New
UBS Group AG	309,738	$343.8K	0.0%	+36,684
Vanguard Fiduciary Trust Co	249,848	$277.3K	0.0%	+85,365
BlackRock, Inc.	226,566	$251.5K	0.0%	+132,028
State Street Corp	118,800	$131.9K	0.0%	No change
Northern Trust Corp	96,522	$107.1K	0.0%	+35,830
Susquehanna International Group, Llp	84,810	$94.1K	0.0%	+44,486
Cannell & Spears LLC	84,138	$93.4K	0.0%	No change
Schonfeld Strategic Advisors LLC	60,693	$67.4K	0.0%	−7,181
XTX Topco Ltd	49,738	$55.2K	0.0%	+13,456
Vanguard Global Advisers, LLC	15,766	$17.5K	0.0%	No change
Two Sigma Securities, LLC	15,646	$17.4K	0.0%	New
Wolverine Asset Management LLC	12,842	$14.3K	0.0%	−161,062
Morgan Stanley	8,649	$9.6K	0.0%	No change
Group One Trading LLC	700	$777	0.0%	No change
Simplex Trading, LLC	620	$688	0.0%	+164

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARSkyAI, Inc. filings on SEC EDGAR
2
SEC EDGARSkyAI, Inc. filings on SEC EDGAR
3
SEC EDGARSkyAI, Inc. 10-K for fiscal 2025
4
SEC EDGARSkyAI, Inc. 10-K for fiscal 2021
5
SEC EDGARSkyAI, Inc. 10-K for fiscal 2022
6
SEC EDGARSkyAI, Inc. 10-K for fiscal 2023
7
SEC EDGARSkyAI, Inc. 10-Q for fiscal 2026
8
SEC EDGARSkyAI, Inc. 10-Q for fiscal 2026
9
SEC EDGARSoren Bo Christiansen, Chair
10
SEC EDGARAndrew R. Crescenzo, Chief financial officer
11
SEC EDGARAlan R. Blackman, Chief operating officer
12
SEC EDGARYuwen Zhang, Chief Investment Officer
13
SEC EDGARBarry Boris Berler, CTO and Inventor
14
SEC EDGARAndrew R. Crescenzo, Board member
15
SEC EDGARBrenda Baird Simpson, Board member
16
SEC EDGARJason L. Monroe, Board member
17
SEC EDGARPaul K. Danner, Board member
18
SEC EDGARSoren Bo Christiansen, Board member
19
SEC EDGARTimothy James Ruemler, Board member