SKYE on Nasdaq
Skye Bioscience, Inc.
Skye Bioscience, Inc. is a clinical-stage biotechnology company pioneering next-generation molecules that modulate G-protein-coupled receptors ("GPCRs") to treat obesity, overweight, and metabolic.3 From its latest annual report
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Last updated Oct 19, 2026.
Overview
- TickerSKYE on Nasdaq1
- IndustryPharmaceutical Preparations1
- HeadquartersSan Diego, California1
- Incorporated inNV2
- Business address11250 El Camino Real, Suite 100, San Diego, Ca 921302
- Filer categoryNon-accelerated filer, Smaller reporting company2
- Legal formCorporation
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Skye Bioscience, Inc. is a clinical-stage biotechnology company pioneering next-generation molecules that modulate G-protein-coupled receptors ("GPCRs") to treat obesity, overweight, and metabolic disorders. Our lead candidate, nimacimab, is a peripherally restricted negative allosteric modulating antibody targeting cannabinoid receptor 1 ("CB1")—a key GPCR involved in metabolic regulation.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.9
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Research and development | $42.4M | $18.7M |
| General and administrative | $15.8M | $17.7M |
| Change in estimate for legal contingencies | $0 | -$4.2M |
| Income from insurance recovery | $0 | -$2.0M |
| Total operating expenses | $58.2M | $30.2M |
| Operating loss | -$58.2M | -$30.2M |
| Interest expense | $0 | $749.3K |
| Interest income | $1.9M | $3.0M |
| Gain from asset sale | -$360.8K | -$1.4M |
| Other expense | $502 | $2.2K |
| Total other (income) expense, net | -$2.2M | -$3.6M |
| Loss before income taxes | -$55.9M | -$26.6M |
| Provision for income taxes | $5.4K | $10.1K |
| Net loss | -$55.9M | -$26.6M |
| Basic (in dollars per share) | -$1.41 | -$0.73 |
| Diluted (in dollars per share) | -$1.41 | -$0.73 |
| Basic (in shares) | 39.7M shares | 36.5M shares |
| Diluted (in shares) | 39.7M shares | 36.5M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.9
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $5.9M | $68.4M | |
| Short-term investments | $19.9M | $0 | |
| Prepaid expenses | $504.9K | $202.0K | |
| Other current assets | $852.0K | $2.2M | |
| Total current assets | $27.1M | $70.8M | |
| Property and equipment, net | $898.9K | $1.4M | |
| Operating lease right-of-use asset | $266.6K | $449.9K | |
| Other assets | $53.9K | $53.9K | |
| Total assets | $28.3M | $72.8M | |
| Accounts payable | $2.0M | $569.3K | |
| Accrued payroll liabilities | $1.3M | $1.1M | |
| Other current liabilities | $2.6M | $654.2K | |
| Estimate for accrued legal contingencies and related expenses | $2.1M | $1.8M | |
| Operating lease liability, current portion | $189.6K | $182.4K | |
| Total current liabilities | $8.2M | $4.3M | |
| Operating lease liability, net of current portion | $84.0K | $273.2K | |
| Total liabilities | $8.3M | $4.6M | |
| Preferred stock, $0.001 par value; 200,000 shares authorized at December 31, 2025 and 2024; no shares issued and outstanding at December 31, 2025 and 2024 | $0 | $0 | |
| Common stock, $0.001 par value; 100,000,000 shares authorized at December 31, 2025 and 2024, respectively; 33,378,139 and 30,974,559 shares issued and outstanding at December 31, 2025 and 2024, respectively | $33.4K | $31.0K | |
| Additional paid-in-capital | $206.9M | $199.1M | |
| Accumulated deficit | -$186.9M | -$130.9M | |
| Total stockholders equity | $20.0M | $68.2M | -$2.1M |
| Total liabilities and stockholders equity | $28.3M | $72.8M | |
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized (in shares) | 200.0K shares | 200.0K shares | |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 100.0M shares | 100.0M shares | |
| Common stock, shares issued (in shares) | 33.4M shares | 31.0M shares | |
| Common stock, shares outstanding (in shares) | 33.4M shares | 31.0M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $5.9M | $68.4M | |
| Short-term investments | $19.9M | $0 | |
| Prepaid expenses | $504.9K | $202.0K | |
| Other current assets | $852.0K | $2.2M | |
| Total current assets | $27.1M | $70.8M | |
| Property and equipment, net | $898.9K | $1.4M | |
| Operating lease right-of-use asset | $266.6K | $449.9K | |
| Other assets | $53.9K | $53.9K | |
| Total assets | $28.3M | $72.8M | |
| Accounts payable | $2.0M | $569.3K | |
| Accrued payroll liabilities | $1.3M | $1.1M | |
| Other current liabilities | $2.6M | $654.2K | |
| Estimate for accrued legal contingencies and related expenses | $2.1M | $1.8M | |
| Operating lease liability, current portion | $189.6K | $182.4K | |
| Total current liabilities | $8.2M | $4.3M | |
| Operating lease liability, net of current portion | $84.0K | $273.2K | |
| Total liabilities | $8.3M | $4.6M | |
| Preferred stock, $0.001 par value; 200,000 shares authorized at December 31, 2025 and 2024; no shares issued and outstanding at December 31, 2025 and 2024 | $0 | $0 | |
| Common stock, $0.001 par value; 100,000,000 shares authorized at December 31, 2025 and 2024, respectively; 33,378,139 and 30,974,559 shares issued and outstanding at December 31, 2025 and 2024, respectively | $33.4K | $31.0K | |
| Additional paid-in-capital | $206.9M | $199.1M | |
| Accumulated deficit | -$186.9M | -$130.9M | |
| Total stockholders equity | $20.0M | $68.2M | -$2.1M |
| Total liabilities and stockholders equity | $28.3M | $72.8M | |
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized (in shares) | 200.0K shares | 200.0K shares | |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 100.0M shares | 100.0M shares | |
| Common stock, shares issued (in shares) | 33.4M shares | 31.0M shares | |
| Common stock, shares outstanding (in shares) | 33.4M shares | 31.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.9
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$55.9M | -$26.6M |
| Write-down of vendor deposits | $0 | $325.6K |
| Depreciation and amortization | $723.4K | $298.6K |
| Net loss on disposal of asset | $0 | $10.8K |
| Stock-based compensation expense | $7.8M | $8.3M |
| Amortization of debt discount | $0 | $599.0K |
| Change in estimate for legal contingencies | $0 | -$4.2M |
| Gain from asset sale | -$360.8K | -$1.4M |
| Prepaid expenses | -$302.9K | -$7.7K |
| Other current assets | $1.4M | -$1.4M |
| Other assets | $0 | -$45.6K |
| Accounts payable | $1.4M | -$586.5K |
| Accrued payroll liabilities | $155.2K | $225.9K |
| Other current liabilities | $2.3M | -$344.4K |
| Operating lease liability | -$181.9K | -$94.4K |
| Net cash, cash equivalents used in operating activities | -$43.1M | -$25.2M |
| Proceeds from asset sales, net of legal expenses | $360.8K | $1.4M |
| Purchase of short-term investment | -$19.9M | $0 |
| Purchases of property and equipment | -$6.3K | -$1.6M |
| Net cash, and cash equivalents used in investing activities | -$19.5M | -$245.6K |
| Purchase under employee stock purchase plan | $29.6K | $0 |
| Proceeds from option exercises | $0 | $5.6K |
| Net cash, and cash equivalents provided by financing activities | $29.6K | $83.6M |
| Net increase in cash and cash equivalents | -$62.5M | $58.1M |
| Interest | $0 | $433.3K |
| Income taxes | $5.4K | $5.2K |
| Right of use asset obtained in exchange for operating lease liabilities | $0 | $306.8K |
| Conversion of convertible note - related party | $0 | $5.0M |
| Stock issuance costs | $6.4M |
No quarter-by-quarter statement was filed.
Leadership
Who has led Skye Bioscience, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerPunit Dhillon Aug 11, 2020 to now12
- Chief executive officerYosbani Mendez Jan 29, 2014 to Jan 29, 201413
- Chief executive officerJohn B. Hollister Nov 10, 2014 to Dec 8, 201414
- ChairCosmas N. Lykos Nov 10, 2014 to Jan 22, 201815
- Chief financial officerJohn P. Sharp Apr 28, 2026 to now16
- Chief financial officerKaitlyn Melanie Arsenault Oct 5, 2021 to Apr 28, 202617
- Chief financial officerElena Traistaru May 15, 2020 to Aug 11, 202018
- Chief financial officerDouglas A. Cesario May 31, 2018 to Jul 23, 201819
- Chief financial officerYosbani Mendez Jan 29, 2014 to Jan 29, 201413
- Chief financial officerElizabeth Berecz Nov 10, 2014 to Jan 22, 201820
- Chief operating officerTuan Tu Diep Apr 2, 2026 to now21
Board members and other officers (22)
- Chief Scientific OfficerChristopher Twitty Apr 25, 2025 to now22
- Chief Development OfficerTuan Tu Diep Mar 4, 2024 to now23
- Principal Accounting OfficerRichard Janney Oct 7, 2020 to Oct 7, 202024
- Chief Medical OfficerDennis D. Kim Aug 23, 2019 to Aug 11, 202025
- Vice chairDouglas S. Ingram Jun 3, 2015 to Oct 22, 201526
- Board memberAnnalisa Jenkins Mar 4, 2024 to now27
- Board memberKaren L. Smith Jul 5, 2024 to now28
- Board memberDeborah H. Charych Feb 16, 2023 to now29
- Board memberAndrew J. Schwab Aug 22, 2023 to now30
- Board memberPaul A. Grayson Aug 22, 2023 to now31
- Board memberSukhwinder Singh Rai Nov 15, 2022 to Jan 9, 202332
- Board memberPraveen Tyle Jul 26, 2021 to Mar 4, 202433
- Board memberKeith Wayne Ward Dec 16, 2021 to Mar 4, 202434
- Board memberMargaret Dalesandro Aug 12, 2020 to Mar 4, 202435
- Board memberJames L. Heppell Jan 23, 2018 to Sep 16, 202136
- Board memberPunit Dhillon Jan 23, 2018 to now37
- Board memberAvtar S. Dhillon Oct 12, 2018 to Oct 12, 201838
- Board memberThomas George Jan 12, 2015 to Oct 22, 201539
- Board memberDouglas S. Ingram Jun 3, 2015 to Oct 22, 201526
- Board memberYosbani Mendez Jan 29, 2014 to Jan 29, 201413
- Board memberGerald W. McLaughlin Nov 10, 2014 to Oct 22, 201540
- Board memberJohn B. Hollister Nov 10, 2014 to Dec 8, 201414
Former names
Timeline
Filings
275 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 56 major events, 119 insider forms, 20 large holders, 3 private raises, 57 other. The latest 20:
- Oct 14, 2026SCHEDULE 13G EDGAR
- Sep 24, 2026SCHEDULE 13D/A EDGAR
- Sep 24, 20264 EDGAR
- Sep 24, 20264 EDGAR
- Sep 18, 20264 EDGAR
- Sep 18, 20264 EDGAR
- Sep 11, 2026DEFA14A EDGAR
- Sep 11, 20268-K EDGAR
- Aug 24, 2026DEFA14A EDGAR
- Aug 24, 20268-K EDGAR
- Aug 20, 2026DEFA14A EDGAR
- Aug 20, 20268-K/A EDGAR
- Aug 20, 20264 EDGAR
- Aug 20, 20264 EDGAR
- Aug 19, 2026DEFA14A EDGAR
- Aug 19, 20268-K EDGAR
- Aug 18, 2026SCHEDULE 13D/A EDGAR
- Aug 14, 2026DEFA14A EDGAR
- Aug 14, 202610-Q EDGAR
- Aug 14, 20268-K EDGAR
The 275 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
34 open-market trades by officers, directors and large owners since October 2021: 4 buys and 30 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 23, 2026 | Schwab Andrew J.Director | Sale | 119,379 | $1.61 | $192.2K | Form 4 |
| Sep 23, 2026 | 5AM Ventures II LP10% owner | Sale | 119,379 | $1.61 | $192.2K | Form 4 |
| Sep 22, 2026 | Schwab Andrew J.Director | Sale | 28,700 | $1.65 | $47.4K | Form 4 |
| Sep 22, 2026 | 5AM Ventures II LP10% owner | Sale | 28,700 | $1.65 | $47.4K | Form 4 |
| Sep 16, 2026 | Schwab Andrew J.Director | Sale | 33,892 | $1.91 | $64.7K | Form 4 |
| Sep 16, 2026 | PARMAR KUSH10% owner | Sale | 33,892 | $1.91 | $64.7K | Form 4 |
| Aug 20, 2026 | Schwab Andrew J.Director | Sale | 7,700 | $0.32 | $2.5K | Form 4 |
| Aug 20, 2026 | 5AM Partners II, LLC10% owner | Sale | 7,700 | $0.32 | $2.5K | Form 4 |
| Aug 19, 2026 | Schwab Andrew J.Director | Sale | 68,140 | $0.35 | $23.8K | Form 4 |
| Aug 19, 2026 | 5AM Partners II, LLC10% owner | Sale | 68,140 | $0.35 | $23.8K | Form 4 |
| Aug 18, 2026 | Schwab Andrew J.Director | Sale | 300,000 | $0.38 | $114.0K | Form 4 |
| Aug 18, 2026 | 5AM Partners II, LLC10% owner | Sale | 300,000 | $0.38 | $114.0K | Form 4 |
| Aug 22, 2025 | Schwab Andrew J.Director | Sale | 170,449 | $3.42 | $582.9K | Form 4 |
| Aug 22, 2025 | ROCKLAGE SCOTT M10% owner | Sale | 170,449 | $3.42 | $582.9K | Form 4 |
| Aug 21, 2025 | Schwab Andrew J.Director | Sale | 60,956 | $3.57 | $217.6K | Form 4 |
| Aug 21, 2025 | ROCKLAGE SCOTT M10% owner | Sale | 60,956 | $3.57 | $217.6K | Form 4 |
| Nov 18, 2024 | ARSENAULT KAITLYNChief Financial Officer | Sale | 43,026 | $4.99 | $214.7K | Form 4 |
| Nov 18, 2024 | Diep Tuan TuChief Operating Officer | Sale | 19,489 | $4.99 | $97.2K | Form 4 |
| Nov 18, 2024 | ARSENAULT KAITLYNChief Financial Officer | Sale | 43,206 | $4.99 | $215.6K | Form 4 |
| Nov 18, 2024 | DHILLON PUNITChief Executive Officer | Sale | 82,546 | $4.99 | $411.9K | Form 4 |
All 34 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- TANG CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Oct 14, 202641
- 5AM Partners VII, LLCSCHEDULE 13D/A, 7 filings Aug 28, 2023 to Sep 24, 202642
- Schonfeld Strategic Advisors LLCSCHEDULE 13G/A, 2 filings May 15, 2025 to Aug 14, 202543
- SPHERA FUNDS MANAGEMENT LTD.SCHEDULE 13G/A, 2 filings Feb 8, 2024 to Apr 10, 202544
- Altium Capital Management LLCSC 13G/A, 2 filings Feb 5, 2024 to Nov 14, 202445
- Janus Henderson Group Ltd.SC 13G/A, 2 filings Aug 14, 2024 to Nov 14, 202446
- Versant Venture Capital III, L.P.SC 13G, 1 filing Aug 28, 202347
- Emerald Health Sciences Inc.SC 13D/A, 2 filings Jan 31, 2022 to Mar 20, 202348
- SABBY MANAGEMENT, LLCSC 13G/A, 1 filing Jan 5, 202249
Money raised
Private offerings the company reported to the SEC on Form D.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 15SEC EDGARCosmas N. Lykos, Chair
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- 25SEC EDGARDennis D. Kim, Chief Medical Officer
- 26SEC EDGARDouglas S. Ingram, Vice chair
- 27SEC EDGARAnnalisa Jenkins, Board member
- 28SEC EDGARKaren L. Smith, Board member
- 29SEC EDGARDeborah H. Charych, Board member
- 30SEC EDGARAndrew J. Schwab, Board member
- 31SEC EDGARPaul A. Grayson, Board member
- 32SEC EDGARSukhwinder Singh Rai, Board member
- 33SEC EDGARPraveen Tyle, Board member
- 34SEC EDGARKeith Wayne Ward, Board member
- 35SEC EDGARMargaret Dalesandro, Board member
- 36SEC EDGARJames L. Heppell, Board member
- 37SEC EDGARPunit Dhillon, Board member
- 38SEC EDGARAvtar S. Dhillon, Board member
- 39SEC EDGARThomas George, Board member
- 40SEC EDGARGerald W. McLaughlin, Board member
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