Skye Bioscience, Inc. logo

Skye Bioscience, Inc.

SKYE

NASDAQHealthcareBiotechnology

Regular session

$2.0599

−$0.1801 · -8.04%

Aug 24, 10:59 AM ET

SKYE company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

26

Expensive

Momentum

25

Weakening

Sentiment

42

Mixed

Risk resilience

11

Extreme Risk

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Company profile

Company website

Skye Bioscience, Inc., a clinical-stage biotechnology company, focuses on developing molecules that modulate G-protein-coupled receptors (GPCRs) to treat obesity, overweight, and metabolic diseases. Its lead product candidate is nimacimab, a peripherally restricted negative allosteric modulating antibody targeting cannabinoid receptor 1, a key GPCR involved in metabolic regulation. The company was formerly known as Emerald Bioscience, Inc. and changed its name to Skye Bioscience, Inc. in January 2021. Skye Bioscience, Inc. is headquartered in San Diego, California.

Industry
Biotechnology
Sector
Healthcare
Headquarters
US
CEO
Punit Dhillon
Listed since
Jan 6, 2015
Employees
12

Market position

Day range

Current $2.0599

52-week range

Current $2.0599

Open
$2.26
Previous close
$2.24
Volume
106.37K
0.27× average
Average volume
399.49K
Average daily volume
Market cap
9.05M USD
Beta
2.99
Market reference 1
50-day average
$4.8698
-57.70% below average
200-day average
$6.4661
-68.14% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
24.14M USD
P/E (TTM)
-0.2×
P/B (TTM)
-20.55×
P/S (TTM)
EV / EBITDA
-0.44×
Earnings yield
-188.00%
Free cash flow yield
-144.78%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
0.00%
Operating margin
0.00%
Net margin
0.00%
Return on equity
-279.29%
Return on assets
-197.52%
Return on invested capital
-286.55%

Financial health

Debt / equity
-0.07×
Current ratio
3.3×
Altman Z-score
-37.73
Piotroski F-score
1 of 9

Financial statements

Income trends

Operating income

−58.16M USD-92.64%

Net income

−55.92M USD-110.50%
Income trends across reported periods−2.82M USD−22.94M USD−43.07M USD−63.2M USDOperating income, FY2021: −7.85M USDOperating income, FY2022: −18.31M USDOperating income, FY2023: −34.74M USDOperating income, FY2024: −30.19M USDOperating income, FY2025: −58.16M USDNet income, FY2021: −8.52M USDNet income, FY2022: −19.48M USDNet income, FY2023: −37.64M USDNet income, FY2024: −26.57M USDNet income, FY2025: −55.92M USDFY2021FY2022FY2023FY2024FY2025
Operating income FY2021 −7.85M USD. Operating income FY2022 −18.31M USD. Operating income FY2023 −34.74M USD. Operating income FY2024 −30.19M USD. Operating income FY2025 −58.16M USD. Net income FY2021 −8.52M USD. Net income FY2022 −19.48M USD. Net income FY2023 −37.64M USD. Net income FY2024 −26.57M USD. Net income FY2025 −55.92M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Cost of goods sold723.35K USD
Gross profit−723.35K USD
Research and development42.36M USD18.7M USD5.82M USD6.01M USD2.93M USD
Selling, general, and administrative15.8M USD17.73M USD7.85M USD6.09M USD4.92M USD
Operating expenses57.44M USD30.19M USD34.74M USD18.31M USD7.85M USD
Interest income1.88M USD3.26M USD99.97K USD19.01K USD3 USD
Interest expense967.6K USD906.27K USD663.77K USD767.51K USD
Depreciation and amortization723.35K USD298.64K USD124.25K USD115K USD34.13K USD
Operating income−58.16M USD−30.19M USD−34.74M USD−18.31M USD−7.85M USD
Net income−55.92M USD−26.57M USD−37.64M USD−19.48M USD−8.52M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
55%
6 beats, 4 misses, 1 met estimate
Average EPS surprise
+30.35%
11 comparable reports
Latest EPS result
-0.27
Estimate -2.04 · Beat by 86.76%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates-0.2-1.17-2.13-3.09Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 20, 2025: actual -0.24, estimate -2.24, surprise +89.29%, Beat. Q2 2025, reported May 8, 2025: actual -0.28, estimate -2.48, surprise +88.71%, Beat. Q3 2025, reported Aug 8, 2025: actual -0.44, estimate -2.72, surprise +83.82%, Beat. Q4 2025, reported Nov 10, 2025: actual -2.56, estimate -2.64, surprise +3.03%, Beat. Q1 2026, reported Mar 19, 2026: actual -2.88, estimate -2.32, surprise -24.14%, Miss. Q2 2026, reported May 11, 2026: actual -0.32, estimate -0.29, surprise -10.34%, Miss. Q3 2026, reported Aug 14, 2026: actual -0.27, estimate -2.04, surprise +86.76%, Beat. Q4 2026, reported Nov 9, 2026: actual —, estimate -0.26, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$12.00

482.55% upside
Past 12 months12-month forecastHigh $21.00Average $12.00Low $2.00

Rating distribution

5 ratings
Strong buy00%
Buy5100%
Hold00%
Sell00%
Strong sell00%

SKYE peers

ETFs holding SKYE

Funds reporting this stock among their holdings, ordered by reported position size.

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