Saker Aviation Services (SKAS) Q4 2025 earnings summary

Executive summary

• Operations were significantly impacted by the loss of the Downtown Manhattan Heliport concession in March 2025, resulting in a major shift from aviation services to financial advisory services.

• Revenue declined sharply year-over-year, and the company reported a net loss for 2025 after a profitable 2024.

• The company maintains a strong cash position and is exploring strategic alternatives to maximize shareholder value.

Financial highlights

• Revenue for 2025 was $1.27 million, down 86.2% from $9.17 million in 2024.

• Net loss for 2025 was $1.09 million, compared to net income of $1.25 million in 2024.

• Gross profit fell 89% to $516,360 in 2025, with gross margin dropping to 40.8% from 51.0% in 2024.

• Operating loss was $1.37 million in 2025, versus operating income of $2.63 million in 2024.

• Cash and cash equivalents at year-end 2025 were $4.63 million, with a working capital surplus of $8.73 million.

Outlook and guidance

• The company is focused on growing its financial advisory business and evaluating strategic alternatives.

• Future operations depend on the ability to secure new clients or alternative revenue streams.