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SKYE logoSkye Bioscience, Inc.(SKYE)Earnings, Financials & Key Ratios

SKYE•NASDAQ
$0.90
$32M mkt cap·Price updated May 7, 2026
SectorHealthcareIndustryBiotechnologySub-IndustryOphthalmology Therapies and Delivery
AboutSkye Bioscience, Inc., a biopharmaceutical company, discovers, develops, and commercializes cannabinoid-based molecules for the treatment of infectious diseases. The company's lead product candidate is SBI-100, which is in Phase I trials for the treatment of glaucoma and ocular hypertension. It is also developing SBI-200 that is in preclinical trials to treat and manage various eye diseases, including uveitis, dry eye syndrome, macular degeneration and diabetic retinopathy. The company was formerly known as Emerald Bioscience, Inc. and changed its name to Skye Bioscience, Inc. in January 2021. Skye Bioscience, Inc. was founded in 2012 and is headquartered in San Diego, California.Show more
  • Revenue$0
  • EBITDA-$57M-92.1%
  • Net Income-$56M-110.5%
  • EPS (Diluted)-1.41-93.2%
  • ROE-126.85%-57.6%
  • ROIC-597.29%+81.3%
  • Debt/Equity0.01+104.4%
Technical→

SKYE Key Insights

Skye Bioscience, Inc. (SKYE) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Company is almost debt free

✗Weaknesses

  • ✗Profits declining 53.5% over 5 years
  • ✗Weak Piotroski F-Score: 1/9
  • ✗Weak momentum: RS Rating 20 (bottom 20%)
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

SKYE Price & Volume

Skye Bioscience, Inc. (SKYE) stock price & volume — 10-year historical chart

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SKYE Growth Metrics

Skye Bioscience, Inc. (SKYE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years-
3 Years-
TTM-

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-110.5%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-94.44%

Return on Capital

10 Years-652.22%
5 Years-758.77%
3 Years-781.81%
Last Year-131.39%

SKYE Peer Comparison

Skye Bioscience, Inc. (SKYE) competitors in Ophthalmology Therapies and Delivery — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
ATAI logoATAIAtai Beckley N.VDirect Competitor964.15M4.01-4.31-1.91%-51.09%-96.43%0.21
CMPS logoCMPSCOMPASS Pathways plcDirect Competitor902.25M9.39-3.05-335.93%
MNMD logoMNMDMind Medicine (MindMed) Inc.Direct Competitor2.04B20.69-10.04-102.48%
SNDL logoSNDLSNDL Inc.Direct Competitor375.84M1.45-32.972.82%-1.17%-1%0.15
CRBP logoCRBPCorbus Pharmaceuticals Holdings, Inc.Direct Competitor136.26M10.87-1.84-65.76%0.01
YCBD logoYCBDcbdMD, Inc.Product Competitor8.36M0.83-0.76-1.5%-6.51%-3.64%107.70
NRXP logoNRXPNRx Pharmaceuticals, Inc.Product Competitor84.71M3.06-2.28-157.28%
JAZZ logoJAZZJazz Pharmaceuticals plcSupply Chain14.24B226.96-38.864.88%0.66%0.71%1.26

Compare SKYE vs Peers

Skye Bioscience, Inc. (SKYE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ATAI

Most directly comparable listed peer for SKYE.

Scale Benchmark

vs ABBV

Larger-name benchmark to compare SKYE against a more recognizable public peer.

Peer Set

Compare Top 5

vs ATAI, CMPS, MNMD, SNDL

SKYE Income Statement

Skye Bioscience, Inc. (SKYE) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Sales/Revenue000000000
Revenue Growth %---------
Cost of Goods Sold8.04K1.54K1.46K1.87K0000723.35K
COGS % of Revenue---------
Gross Profit
-8.04K▲ 0%
-1.54K▲ 80.8%
-1.46K▲ 5.3%
-1.87K▼ 28.0%
0▲ 100.0%
0▲ 0%
0▲ 0%
0▲ 0%
-723.35K▲ 0%
Gross Margin %---------
Gross Profit Growth %46.11%80.79%5.31%-28.04%100%----
Operating Expenses3.86M4.69M6.63M6.29M7.85M18.31M34.74M30.19M57.44M
OpEx % of Revenue---------
Selling, General & Admin3.55M4.36M4.39M4.34M4.92M6.09M7.85M17.73M15.8M
SG&A % of Revenue---------
Research & Development311.3K329.97K2.24M1.94M2.93M6.01M5.82M18.7M42.36M
R&D % of Revenue---------
Other Operating Expenses002K006.21M21.06M-6.23M-723.35K
Operating Income
-3.86M▲ 0%
-4.69M▼ 21.6%
-6.63M▼ 41.3%
-6.29M▲ 5.2%
-7.85M▼ 24.8%
-18.31M▼ 133.3%
-34.74M▼ 89.7%
-30.19M▲ 13.1%
-58.16M▼ 92.6%
Operating Margin %---------
Operating Income Growth %13.69%-21.61%-41.34%5.19%-24.78%-133.34%-89.69%13.08%-92.64%
EBITDA-4.62M-4.69M-6.63M-6.29M-7.81M-18.2M-34.61M-29.89M-57.44M
EBITDA Margin %---------
EBITDA Growth %-3.63%-1.59%-41.35%5.19%-24.28%-132.89%-90.2%13.63%-92.15%
D&A (Non-Cash Add-back)-759K1.54K1.46K1.87K34.13K115K124.25K298.64K723.35K
EBIT-3.09M-19.1M2.04M-5.85M-7.75M-18.81M-36.74M-25.59M-58.16M
Net Interest Income0-94.68K-1M-706.36K-767.51K-644.76K-806.3K2.3M1.88M
Interest Income0842629319.01K99.97K3.26M1.88M
Interest Expense66794.76K1M706.38K767.51K663.77K906.27K967.6K0
Other Income/Expense766.53K-14.5M7.69M-270K-672.37K-1.16M-2.91M3.64M2.24M
Pretax Income
-3.09M▲ 0%
-19.19M▼ 520.5%
1.05M▲ 105.5%
-6.56M▼ 722.9%
-8.52M▼ 29.9%
-19.47M▼ 128.6%
-37.64M▼ 93.3%
-26.56M▲ 29.4%
-55.92M▼ 110.6%
Pretax Margin %---------
Income Tax1.6K1.64K1.6K1.6K2.1K6.74K3.6K10.07K5.4K
Effective Tax Rate %-0.05%-0.01%0.15%-0.02%-0.02%-0.03%-0.01%-0.04%-0.01%
Net Income
-3.09M▲ 0%
-19.19M▼ 520.4%
1.05M▲ 105.5%
-6.56M▼ 723.7%
-8.52M▼ 29.9%
-19.48M▼ 128.6%
-37.64M▼ 93.2%
-26.57M▲ 29.4%
-55.92M▼ 110.5%
Net Margin %---------
Net Income Growth %2.64%-520.36%105.48%-723.67%-29.89%-128.6%-93.23%29.43%-110.5%
Net Income (Continuing)-3.09M-19.19M1.05M-6.56M-8.52M-19.48M-37.64M-26.57M-55.92M
Discontinued Operations000000000
Minority Interest000000000
EPS (Diluted)
-25.62▲ 0%
-36.51▼ 42.5%
1.98▲ 105.4%
-7.46▼ 476.8%
-5.00▲ 33.0%
-8.77▼ 75.4%
-5.37▲ 38.8%
-0.73▲ 86.4%
-1.41▼ 93.2%
EPS Growth %35.79%-42.51%105.42%-476.77%32.98%-75.4%38.77%86.41%-93.15%
EPS (Basic)-25.62-36.511.98-7.11-5.00-8.77-5.37-0.73-1.41
Diluted Shares Outstanding120.77K525.78K532.01K925.68K1.63M2.22M7.01M36.49M39.66M
Basic Shares Outstanding120.77K525.78K532.01K922.99K1.63M2.22M7.01M36.49M39.66M
Dividend Payout Ratio---------

SKYE Balance Sheet

Skye Bioscience, Inc. (SKYE) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Current Assets555.81K1.95M1.99M2.66M9.61M8.94M11.65M70.83M27.09M
Cash & Short-Term Investments259.95K1.85M1.83M2.47M8.98M1.24M1.26M68.42M25.74M
Cash Only259.95K1.85M1.83M2.47M8.98M1.24M1.26M68.42M5.88M
Short-Term Investments0000000019.85M
Accounts Receivable0000074.12K158.24K5.07K10.47K
Days Sales Outstanding---------
Inventory000000000
Days Inventory Outstanding---------
Other Current Assets4.43K7.12K12.09K4.84K61.44K6.74M9.64M207.21K1.35M
Total Non-Current Assets1.41K3.44K1.98K7.34K242.99K167.35K289.57K1.94M1.22M
Property, Plant & Equipment1.41K3.44K1.98K7.34K234.68K159.04K281.26K1.88M1.17M
Fixed Asset Turnover---------
Goodwill000000000
Intangible Assets000000000
Long-Term Investments000000000
Other Non-Current Assets00008.31K8.31K8.31K53.91K53.91K
Total Assets
557.22K▲ 0%
1.96M▲ 251.2%
2M▲ 2.0%
2.67M▲ 33.8%
9.86M▲ 268.9%
9.11M▼ 7.5%
11.94M▲ 31.1%
72.76M▲ 509.4%
28.31M▼ 61.1%
Asset Turnover---------
Asset Growth %72.32%251.23%2.02%33.8%268.87%-7.55%31.05%509.39%-61.09%
Total Current Liabilities805.97K15.94M970.82K787.2K3.91M12.12M13.9M4.34M8.21M
Accounts Payable100.92K15.6K139.81K381.37K900.01K1.79M956.75K569.25K2.03M
Days Payables Outstanding4.58K3.69K34.9K74.36K----1.03K
Short-Term Debt235K0064.06K1.97M1.9M4.37M0189.65K
Deferred Revenue (Current)000000000
Other Current Liabilities271.71K15.74M410.6K38.57K435.57K7.48M969.62K549.15K5.98M
Current Ratio0.69x0.12x2.05x3.38x2.46x0.74x0.84x16.32x3.30x
Quick Ratio0.69x0.12x2.05x3.38x2.46x0.74x0.84x16.32x3.30x
Cash Conversion Cycle---------
Total Non-Current Liabilities551.32K1.58M477.87K1.43M78.7K0171.23K273.16K84K
Long-Term Debt01.36M387.07K1.43M000084K
Capital Lease Obligations000078.7K0171.23K273.16K0
Deferred Tax Liabilities000000000
Other Non-Current Liabilities551.32K219.45K90.8K000000
Total Liabilities1.36M17.52M1.45M2.22M3.99M12.12M14.07M4.61M8.29M
Total Debt235K1.36M387.07K1.5M2.14M1.98M4.62M455.59K273.65K
Net Debt-24.95K-492.41K-1.44M-971.61K-6.85M738K3.36M-67.96M-5.61M
Debt / Equity--0.71x3.32x0.36x--0.01x0.01x
Debt / EBITDA---------
Net Debt / EBITDA---------
Interest Coverage-4635.68x-201.53x2.04x-8.29x-10.10x-28.34x-40.54x-26.45x-
Total Equity
-800.08K▲ 0%
-15.56M▼ 1845.1%
548.06K▲ 103.5%
450.79K▼ 17.7%
5.86M▲ 1200.9%
-3.01M▼ 151.3%
-2.13M▲ 29.1%
68.15M▲ 3296.9%
20.02M▼ 70.6%
Equity Growth %44.86%-1845.09%103.52%-17.75%1200.88%-151.3%29.13%3296.88%-70.62%
Book Value per Share-6.63-29.601.030.493.61-1.35-0.301.870.50
Total Shareholders' Equity-800.08K-15.56M548.06K450.79K5.86M-3.01M-2.13M68.15M20.02M
Common Stock33.62K133.91K182.9K288.07K476.11K3.65K12.35K30.98K33.38K
Retained Earnings-14.03M-33.23M-32.17M-38.73M-47.26M-66.74M-104.38M-130.95M-186.87M
Treasury Stock000000000
Accumulated OCI000000000
Minority Interest000000000

SKYE Cash Flow Statement

Skye Bioscience, Inc. (SKYE) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations-3.3M-3.94M-6.03M-6.05M-6.47M-12.74M-13.95M-25.24M-43.06M
Operating CF Margin %---------
Operating CF Growth %7.17%-19.55%-52.88%-0.43%-6.95%-96.82%-9.48%-80.89%-70.63%
Net Income-3.09M-19.19M1.05M-6.56M-8.52M-19.48M-37.64M-26.57M-55.92M
Depreciation & Amortization8.04K1.54K1.46K1.87K34.13K115K124.25K298.64K723.35K
Stock-Based Compensation608.68K674.96K680.46K302.74K869.21K629.03K987.51K8.32M7.77M
Deferred Taxes00-8.69M000000
Other Non-Cash Items-496.78K14.47M629.29K107.76K497.01K6.76M23.05M-4.66M-360.75K
Working Capital Changes-323.85K100.19K295.71K94.19K646.94K-761.9K-469.31K-2.63M4.73M
Change in Receivables000000000
Change in Inventory000000000
Change in Payables-173.73K-85.32K134.21K241.56K518.64K799.74K-701.28K-586.53K1.4M
Cash from Investing-19.65K-4.38K0-7.23K-90.87K5.21M6.6M-245.62K-19.5M
Capital Expenditures-19.65K-4.38K0-7.23K-90.87K-28.06K-12.55K-1.6M-6.31K
CapEx % of Revenue---------
Acquisitions000005.31M000
Investments---------
Other Investing00000-66.46K6.61M00
Cash from Financing3.51M5.54M6M6.7M13.08M-208.79K16.44M83.56M29.57K
Debt Issued (Net)500K2.35M5.2K566.7K0-210.76K4.71M00
Equity Issued (Net)3.01M3.1M1.92M6.09M6.06M1.97K11.73M83.56M29.57K
Dividends Paid000000000
Share Repurchases000000000
Other Financing098.7K4.08M48.53K7.02M0-6.03K5.62K0
Net Change in Cash
195.13K▲ 0%
1.59M▲ 716.6%
-23.37K▼ 101.5%
639.46K▲ 2836.2%
6.51M▲ 918.6%
-7.74M▼ 218.8%
9.09M▲ 217.4%
58.08M▲ 539.1%
-62.53M▼ 207.7%
Free Cash Flow
-3.32M▲ 0%
-3.95M▼ 19.0%
-6.03M▼ 52.7%
-6.06M▼ 0.6%
-6.57M▼ 8.3%
-12.77M▼ 94.5%
-13.96M▼ 9.3%
-26.84M▼ 92.2%
-43.07M▼ 60.5%
FCF Margin %---------
FCF Growth %6.91%-18.97%-52.71%-0.55%-8.32%-94.53%-9.34%-92.21%-60.46%
FCF per Share-27.47-7.51-11.33-6.55-4.04-5.75-1.99-0.74-1.09
FCF Conversion (FCF/Net Income)1.07x0.21x-5.73x0.92x0.76x0.65x0.37x0.95x0.77x
Interest Paid023.33K371.42K117.46K44.09K333.55K198.35K433.34K0
Taxes Paid1.63K1.64K1.6K1.6K1.6K6.74K3.6K5.2K0

SKYE Key Ratios

Skye Bioscience, Inc. (SKYE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)---191.95%-1313.72%-269.9%-1364.2%--80.48%-126.85%
Return on Invested Capital (ROIC)--------2123.19%-3192.59%-597.29%
Debt / Equity---0.71x3.32x0.36x--0.01x0.01x
Interest Coverage--4635.68x-201.53x2.04x-8.29x-10.10x-28.34x-40.54x-26.45x-
FCF Conversion1.12x1.07x0.21x-5.73x0.92x0.76x0.65x0.37x0.95x0.77x

SKYE SEC Filings & Documents

Skye Bioscience, Inc. (SKYE) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 3, 2026·SEC

Material company update

Mar 19, 2026·SEC

Material company update

Mar 10, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 10, 2026·SEC

FY 2025

Mar 20, 2025·SEC

FY 2024

Mar 22, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 10, 2025·SEC

FY 2025

Aug 7, 2025·SEC

FY 2025

May 8, 2025·SEC

SKYE Frequently Asked Questions

Skye Bioscience, Inc. (SKYE) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Skye Bioscience, Inc. (SKYE) grew revenue by 0.0% over the past year. Growth has been modest.

Skye Bioscience, Inc. (SKYE) reported a net loss of $55.9M for fiscal year 2025.

Dividend & Returns

Skye Bioscience, Inc. (SKYE) has a return on equity (ROE) of -126.8%. Negative ROE indicates the company is unprofitable.

Skye Bioscience, Inc. (SKYE) had negative free cash flow of $9.23B in fiscal year 2025, likely due to heavy capital investments.

Explore More SKYE

Skye Bioscience, Inc. (SKYE) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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