Operational efficiency is currently challenged by a negative free cash flow margin of -2.2% and an OCF/NI ratio of -1.05, indicating a disconnect between accounting profits and actual cash generation.
| Cash from Operations | -71.53K | -3.01M | -6.51M | 2.1M |
| Operating CF Margin % | - | -6.53% | -13.33% | 4.72% |
| Operating CF Growth % | 0% | 53.81% | -409.25% | - |
| Net Income | 67.87K | 727.45K | 929.91K | 879.55K |
| Depreciation & Amortization | 57.73K | 802.93K | 1.12M | 1.07M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 |
| Deferred Taxes | -5.22K | -51.27K | -116.47K | 53.84K |
| Other Non-Cash Items | 4.94K | -18.35K | 28.15K | -280.19K |
| Working Capital Changes | -196.84K | -4.47M | -8.66M | 382.53K |
| Change in Receivables | -40.99K | -1.73M | -1.79M | 597.48K |
| Change in Inventory | 0 | 0 | 0 | 0 |
| Change in Payables | -43.79K | -245.88K | 324.2K | -4.64M |
| Cash from Investing | 20.36K | -1.61M | -59.72K | -195.71K |
| Capital Expenditures | 0 | -1.78M | -59.72K | -195.71K |
| CapEx % of Revenue | 0% | 3.87% | 0.12% | 0.44% |
| Acquisitions | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - |
| Other Investing | 20.36K | 169.41K | 0 | 0 |
| Cash from Financing | 11.59K | 5.01M | 5.32M | -1.04M |
| Debt Issued (Net) | 11.59K | 319.19K | 5.32M | -1.04M |
| Equity Issued (Net) | 0 | 1000K | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 |
| Other Financing | 0 | -2.21M | 0 | 0 |
| Net Change in Cash | 0 | 395.03K | -1.24M | 869.53K |
| Free Cash Flow | -71.53K | -4.79M | -6.57M | 1.91M |
| FCF Margin % | -2.19% | -10.41% | -13.45% | 4.28% |
| FCF Growth % | - | 27.1% | -444.08% | - |
| FCF per Share | -0.00 | -2.40 | -0.22 | 0.06 |
| FCF Conversion (FCF/Net Income) | -1.05x | -4.13x | -7.00x | 2.39x |
| Interest Paid | 0 | 891.38K | 733.22K | 116.64K |
| Taxes Paid | 0 | 177.1K | 0 | 0 |
Liquidity and project concentration
As reported in the 2025Q2 financial statements, SKBL recorded a net income of $67.9K while simultaneously generating negative operating cash flow of -$71.5K, resulting in an OCF/NI ratio of -1.05, which highlights a significant disconnect between accounting profitability and actual cash generation for the period.
The negative conversion ratio suggests that the company's reported earnings are not currently being realized in cash, likely due to the timing of progress payments or an accumulation of unbilled receivables. Investors should monitor whether this divergence is a temporary timing mismatch or a structural issue where project costs are consistently recognized before cash is collected.
Based on the latest quarterly data, the company experienced a working capital outflow of -$196.8K, which directly offset the modest net income and pushed operating cash flow into negative territory, indicating that the firm is struggling to manage its cash conversion cycle effectively within its current project portfolio.
The significant working capital drain suggests that the company is financing its operations through its own limited cash reserves rather than through timely client payments. This reliance on internal liquidity to fund ongoing project expenses appears to be a primary driver of the firm's current cash flow volatility.
According to the 2025Q2 figures, SKBL reported a negative free cash flow margin of -2.2%, reflecting a period where the company was unable to generate sufficient internal cash to cover its operational requirements, let alone sustain any meaningful capital investment or shareholder return initiatives.
The negative FCF trajectory underscores the difficulty of maintaining a self-funding model in a low-margin, project-based environment. Without a reversal in this trend, the company may face increasing pressure to seek external financing to maintain its operational capacity and fulfill its existing contractual obligations.
As indicated by the provided financial data, the company's cash flow statement reveals a precarious liquidity position with only $718,625 in cash, which is insufficient to buffer against the negative operating cash flow of -$71.5K observed in the most recent quarter of operations.
The cash flow statement obscures the potential for a liquidity crisis if the company's unbilled receivables do not convert to cash in the near term. The lack of significant cash reserves suggests that the firm has very little margin for error regarding project payment delays or unexpected site-related cost overruns.
Quick answers to the most common questions about buying SKBL stock.
Skyline Builders Group Holding Limited (SKBL) generated $-3.0M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Skyline Builders Group Holding Limited (SKBL) reported negative free cash flow of $4.8M in 2025, indicating capital requirements exceeded cash from operations.
Skyline Builders Group Holding Limited (SKBL) spent $1.8M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.