Skye Bioscience, Inc.(SKYE)Stock Analysis
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Quality rankings require at least $50M annual revenue or $250M total assets to filter out micro-caps and shell companies. This company reported $0.0M in revenue.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
SKYE Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Skye Bioscience, Inc. (SKYE), a Healthcare sector company. SKYE is not currently included in 13F Pro's AI-ranked quality universe — quality rankings require at least $50m annual revenue or $250m total assets to filter out micro-caps and shell companies. this company reported $0.0m in revenue. Based on the latest XBRL financial filings (Q1 2026), Skye Bioscience, Inc. reports net income of $-12.5M, free cash flow of $-8.6M. Top institutional holders of SKYE by reported 13-F value include 5AM Venture Management,, Versant Venture Management,, BAKER BROS. ADVISORS, based on the most recent SEC filings. SKYE trades on the Nasdaq exchange and files with the SEC under CIK 1516551. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SKYE daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Skye Bioscience, Inc. directly from SEC EDGAR.
Net Income
Q1 2026
$-12.5M
Free Cash Flow
Q1 2026
$-8.6M
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Net Income
+29.4% YoYOperating Income
+13.1% YoYEPS (Diluted)
+86.4% YoYTotal Assets
+509.4% YoYOp. Cash Flow
-80.9% YoY| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2018 |
|---|---|---|---|---|---|---|
| Net Income | $-26.6M +29.4% | $-37.6M -93.2% | $-19.5M -128.6% | $-8.5M -29.9% | $-6.6M +65.8% | $-19.2M |
| Operating Income | $-30.2M +13.1% | $-34.7M -89.7% | $-18.3M -133.3% | $-7.8M -24.8% | $-6.3M -34.0% | $-4.7M |
| EPS (Diluted) | $-0.73 +86.4% | $-5.37 -16172.7% | $-0.03 -32900.0% | $-0.00 +0.0% | $-0.00 +83.3% | $-0.00 |
| Total Assets | $72.8M +509.4% | $11.9M +31.1% | $9.1M -7.5% | $9.9M +268.9% | $2.7M +36.5% | $2.0M |
| Operating Cash Flow | $-25.2M -80.9% | $-14.0M -9.5% | $-12.7M -96.8% | $-6.5M -6.9% | $-6.1M -53.5% | $-3.9M |
AI Insight: SKYE Financial Trends
Skye Bioscience is rapidly depleting equity—down 88% from Q2 2024 to Q1 2026—while operating losses persist and cash burn accelerates.
• Equity collapsed from $73M (Q2 2024) to $9M (Q1 2026), a loss of $64M over 8 quarters.
• Operating losses widened from $8M (Q2 2024) to $15M (Q4 2025), though slightly improved to $13M in Q1 2026.
• Operating cash burn peaked at $13M in Q3 2025; recent quarter shows $9M outflow, indicating persistent negative cash generation.
⚠ Equity now stands at $9M with no apparent revenue; solvency risk escalates if losses continue at current pace.
⚠ Net losses ranged $4M–$18M per quarter; Q1 2026 stabilized at $13M but underlying profitability remains elusive.
AI Insight: SKYE Ratio Trends
Skye Bioscience shows severe and worsening profitability deterioration, with ROE plunging from -43.4% in Q2 2024 to -161.4% in Q2 2025.
• ROE collapsed from -43.4% (Q2 2024) to -161.4% (Q2 2025), signaling accelerating net losses relative to shareholder equity.
• ROIC declined from -46.2% (Q2 2024) to -79.4% (Q1 2025), indicating deteriorating returns on invested capital over nine months.
• Data gaps in recent quarters (Q4 2025, Q1 2026) prevent assessment of latest profitability trends.
⚠ ROE worsened 18pp between Q3 2025 (-155.4%) and Q2 2025 (-161.4%); trajectory suggests continued cash burn and equity erosion.
⚠ Absence of OpMargin and NPM data prevents margin-level diagnosis; verify whether losses stem from operational or financing issues.
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Available Research
13F Pro tracks comprehensive data for Skye Bioscience, Inc. including:
Top Institutional Holders of SKYE
5AM Venture Management, LLC
$6.0M9,681,763 shVersant Venture Management, LLC
$1.2M2,007,704 shBAKER BROS. ADVISORS LP
$968.1K1,575,243 shVANGUARD CAPITAL MANAGEMENT LLC
$470.1K764,457 shSPHERA FUNDS MANAGEMENT LTD.
$417.3K678,928 shBlackRock, Inc.
$175.9K286,131 shGEODE CAPITAL MANAGEMENT, LLC
$170.4K277,256 shMILLENNIUM MANAGEMENT LLC
$158.7K258,200 shPLATINUM INVESTMENT MANAGEMENT LTD
$143.3K233,095 shVANGUARD FIDUCIARY TRUST CO
$64.1K104,229 sh
| Fund | Value | Shares |
|---|---|---|
| 5AM Venture Management, LLC | $6.0M | 9,681,763 |
| Versant Venture Management, LLC | $1.2M | 2,007,704 |
| BAKER BROS. ADVISORS LP | $968.1K | 1,575,243 |
| VANGUARD CAPITAL MANAGEMENT LLC | $470.1K | 764,457 |
| SPHERA FUNDS MANAGEMENT LTD. | $417.3K | 678,928 |
| BlackRock, Inc. | $175.9K | 286,131 |
| GEODE CAPITAL MANAGEMENT, LLC | $170.4K | 277,256 |
| MILLENNIUM MANAGEMENT LLC | $158.7K | 258,200 |
| PLATINUM INVESTMENT MANAGEMENT LTD | $143.3K | 233,095 |
| VANGUARD FIDUCIARY TRUST CO | $64.1K | 104,229 |
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Popular Research
Is SKYE a good stock to buy?
13F Pro's AI-powered analysis of Skye Bioscience, Inc. (SKYE) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Healthcare sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for SKYE are available on the SKYE stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own SKYE?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling SKYE. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Skye Bioscience, Inc.'s investment landscape.