Skye Bioscience Inc
Skye Bioscience Inc is a biotechnology company focused on the development of novel therapeutics for the treatment of autoimmune and inflammatory diseases, primarily through its lead product candidate, SKY5988, which is in clinical trials for the treatment of atopic dermatitis.
Business. Skye Bioscience Inc (SKYE.O) is a biotechnology and medical research company engaged in healthcare diagnostics. The firm is headquartered in the United States and is primarily listed on the NASDAQ stock exchange. No specific operating segments or geographic revenue breakdowns are provided in the available data.
Analyst recommendations
8 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Skye Bioscience Inc (SKYE.O) is a biotechnology and medical research company engaged in healthcare diagnostics. The firm is headquartered in the United States and is primarily listed on the NASDAQ stock exchange. No specific operating segments or geographic revenue breakdowns are provided in the available data.
Skye Bioscience Inc maintains a strong liquidity position, with cash and equivalents amounting to $83.34 million, significantly exceeding its total liabilities of $15.95 million, resulting in a current ratio of 5.99. The company's price-to-book ratio of 0.39 indicates that the market values the company at a discount to its book value, which may reflect the high-risk nature of its development-stage operations.
The company's profitability metrics are negative, with a return on equity of -6.36% and a return on assets of -5.29%, indicating that it is not generating returns for shareholders or asset holders. These figures are in line with the typical performance of early-stage biotechnology firms, which often prioritize research and development over profitability.
Skye Bioscience Inc does not disclose specific revenue by segment or geographic region, but as a development-stage company, its operations are likely concentrated in the United States, where it is headquartered. The lack of geographic diversification could pose a risk if regulatory or market conditions in the U.S. change unfavorably.
The company's growth trajectory is speculative, as it has not yet generated revenue from product sales. Analysts have provided a wide range of price targets, from $2.00 to $20.00, with a mean of $7.71 and a median of $6.00, suggesting significant uncertainty about its future performance. The mean recommendation of 1.88 indicates a generally positive outlook, with 2 strong buy and 5 buy ratings.
Skye Bioscience Inc faces low immediate liquidity and dilution risks, as no filing-based flags were detected. However, the company's negative operating and net income, combined with negative operating and free cash flows, suggests that it will need to secure additional financing to fund its operations and clinical trials. The low dilution risk is somewhat mitigated by the fact that the company has not issued additional shares recently.
Recent events include the ongoing clinical trials for SKY5988, which is the company's lead product candidate. The company has also received a mean price target of $7.71 from analysts, indicating a generally positive sentiment despite the high variability in individual estimates.
- Skye Bioscience Inc has a strong liquidity position with $83.34 million in cash and equivalents.
- The company is not currently profitable, with a return on equity of -6.36% and a return on assets of -5.29%.
- The company's operations are likely concentrated in the United States, with no disclosed geographic diversification.
- Analysts have provided a wide range of price targets, from $2.00 to $20.00, with a mean of $7.71 and a median of $6.00.
- The company faces low immediate liquidity and dilution risks but will need additional financing to fund its operations and clinical trials.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Operating income −39,6% YoY; Net income −48,2% YoY.
- ▍Operating income −39,6% YoY
- ▍Net income −48,2% YoY
- ▍Free cash flow −48,2% YoY
Operating income −167,0% YoY; Net income −227,2% YoY.
- ▍Operating income −167,0% YoY
- ▍Net income −227,2% YoY
- ▍Free cash flow −135,0% YoY
Operating income −117,0% YoY; Net income −123,0% YoY.
- ▍Operating income −117,0% YoY
- ▍Net income −123,0% YoY
- ▍Free cash flow −120,6% YoY
Operating income −91,1% YoY; Net income −121,2% YoY.
- ▍Operating income −91,1% YoY
- ▍Net income −121,2% YoY
- ▍Free cash flow −118,9% YoY
Operating income -$10.7M.
- ▍Operating income -$10.7M
Operating income -$5.0M.
- ▍Operating income -$5.0M
Operating income -$8.4M.
- ▍Operating income -$8.4M
Operating income -$6.2M.
- ▍Operating income -$6.2M
Operating income −92,6% YoY; Net income −110,5% YoY.
- ▍Operating income −92,6% YoY
- ▍Net income −110,5% YoY
- ▍Free cash flow −98,1% YoY
Operating income +14,1% YoY; Net income +29,4% YoY.
- ▍Operating income +14,1% YoY
- ▍Net income +29,4% YoY
- ▍Free cash flow +25,7% YoY
Operating income −87,3% YoY; Net income −93,2% YoY.
- ▍Operating income −87,3% YoY
- ▍Net income −93,2% YoY
- ▍Free cash flow −92,9% YoY
Valuation TTM
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | -0,96 |
| Revenue | —no estimate | —no estimate | 0 USD |
| Operating income | —no estimate | —no estimate | -46,4M USD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- Director, Chief Executive Officer · Stock Option (Right to Buy) → Common StockAcquired 9 013 @ $0,61grant · 2026-03-31
- Director, Chief Executive Officer · Stock Option (Right to Buy) → Common StockDisposed 125 000 @ $14,56disposition · 2026-03-31
- Director, Chief Executive Officer · Stock Option (Right to Buy) → Common StockDisposed 21 586 @ $3,50disposition · 2026-03-31
- Director, Chief Executive Officer · Stock Option (Right to Buy) → Common StockDisposed 9 013 @ $3,50disposition · 2026-03-31
- Director, Chief Executive Officer · Stock Option (Right to Buy) → Common StockAcquired 21 586 @ $0,61grant · 2026-03-31
- Chief Scientific Officer · Stock Option (Right to Buy) → Common StockDisposed 12 000 @ $4,25disposition · 2026-03-31
- Director · Stock Option (Right to Buy) → Common StockAcquired 75 000 @ $0,61grant · 2026-03-31
- Chief Scientific Officer · Stock Option (Right to Buy) → Common StockAcquired 17 004 @ $0,61grant · 2026-03-31
- Chief Scientific Officer · Stock Option (Right to Buy) → Common StockDisposed 17 004 @ $3,50disposition · 2026-03-31
- Chief Scientific Officer · Stock Option (Right to Buy) → Common StockAcquired 75 000 @ $0,61grant · 2026-03-31
- Chief Scientific Officer · Stock Option (Right to Buy) → Common StockDisposed 75 000 @ $14,56disposition · 2026-03-31
- Chief Scientific Officer · Stock Option (Right to Buy) → Common StockAcquired 7 100 @ $0,61grant · 2026-03-31
- Chief Scientific Officer · Stock Option (Right to Buy) → Common StockDisposed 7 100 @ $3,50disposition · 2026-03-31
- Chief Scientific Officer · Stock Option (Right to Buy) → Common StockAcquired 200 000 @ $0,61grant · 2026-03-31
- Chief Scientific Officer · Stock Option (Right to Buy) → Common StockDisposed 200 000 @ $5,15disposition · 2026-03-31
- Chief Scientific Officer · Stock Option (Right to Buy) → Common StockAcquired 150 000 @ $0,61grant · 2026-03-31
- Chief Scientific Officer · Stock Option (Right to Buy) → Common StockDisposed 150 000 @ $2,89disposition · 2026-03-31
- Chief Scientific Officer · Stock Option (Right to Buy) → Common StockAcquired 12 000 @ $0,61grant · 2026-03-31
- Director · Stock Option (Right to Buy) → Common StockAcquired 75 000 @ $0,61grant · 2026-03-31
- Director · Stock Option (Right to Buy) → Common StockAcquired 75 000 @ $0,61grant · 2026-03-31
- Director · Stock Option (Right to Buy) → Common StockAcquired 75 000 @ $0,61grant · 2026-03-31
- Director · Stock Option (Right to Buy) → Common StockAcquired 75 000 @ $0,61grant · 2026-03-31
- Chief Operating Officer · Stock Option (Right to Buy) → Common StockAcquired 150 000 @ $0,61grant · 2026-03-31
- Chief Operating Officer · Stock Option (Right to Buy) → Common StockDisposed 150 000 @ $2,89disposition · 2026-03-31
- Chief Operating Officer · Stock Option (Right to Buy) → Common StockAcquired 9 194 @ $0,61grant · 2026-03-31
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Return On Equitynet_income / total_equity
- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Market Capmarket_price * shares_outstanding_diluted
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Skye Bioscience Inc Market data — financials · 2026-05-29
- Skye Bioscience Inc Market data — analyst estimates · 2026-05-29
- Skye Bioscience Inc Market data — ESG · 2026-05-29
Ownership & reference
Top holders
- Investment Managers · as of 2024-06-300,00 %$9M
- Investment Managers · as of 2024-12-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2025-12-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
Leadership
- Punit S. DhillonPresident, Chief Executive Officer, Director
Insider activity
- Director, 10% owner · Common StockSold 163 979 @ $3,42$561K · 2025-08-22
- Director, 10% owner · Common StockSold 6 470 @ $3,42$22K · 2025-08-22
- 10% owner · Common StockSold 163 979 @ $3,42$561K · 2025-08-22
- 10% owner · Common StockSold 6 470 @ $3,42$22K · 2025-08-22
- Director, 10% owner · Common StockSold 58 642 @ $3,57$209K · 2025-08-21
- Director, 10% owner · Common StockSold 2 314 @ $3,57$8K · 2025-08-21
- 10% owner · Common StockSold 2 314 @ $3,57$8K · 2025-08-21
- 10% owner · Common StockSold 58 642 @ $3,57$209K · 2025-08-21
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Total assets (YoY) (2025-12-31 vs 2024-12-31): -61.1%Derived (calculated)
- Return on assets (FY 2025-12-31): -197.5%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): -70.6%Derived (calculated)
- Operating income (YoY) (2025-12-31 vs 2024-12-31): -92.6%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): -70.6%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): -110.5%Derived (calculated)
- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): -93.2%Derived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): -93.2%Derived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): -91.4%Derived (calculated)
- Capex (YoY) (2025-12-31 vs 2024-12-31): -99.6%Derived (calculated)
- Debt-to-equity (FY 2025-12-31): 0.41xDerived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): 79.7%Derived (calculated)
- Current ratio (FY 2025-12-31): 3.30xDerived (calculated)
- Return on equity (FY 2025-12-31): -279.3%Derived (calculated)
- Pre-tax income (annual): USD -55.92MSEC XBRL filing
- EPS (diluted) (annual): USD-PER-SHARES -1SEC XBRL filing
- Total operating expenses (annual): USD 58.16MSEC XBRL filing
- Total liabilities (annual): USD 8.29MSEC XBRL filing
- Cash & equivalents (annual): USD 5.88MSEC XBRL filing
- Capex (annual): USD 6.31KSEC XBRL filing
- Interest expense (annual): USD 0SEC XBRL filing
- Operating income (annual): USD -58.16MSEC XBRL filing
- Net income (annual): USD -55.92MSEC XBRL filing
- Current liabilities (annual): USD 8.21MSEC XBRL filing