Skydance (SKYD) Q4 FY2025 earnings: revenue $22.2 billion

Skydance Corp. (SKYD) reported revenue of $22.2 billion for Q4 FY2025, the quarter ended 31 December 2025. Net income was -$364 million. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2026.

Revenue$22.2 billion

Net income-$364 million

Diluted EPSn/a

QuarterQ4 FY2025ended 31 December 2025

The quarter, against the one before and a year earlier

Line	Q4 FY2025	Q3 FY2025	A year earlier	Change on the year
Revenue	22,189	6,702	n/a	n/a
Selling, general and administrative	1,769	1,407	n/a	n/a
Operating income	610	324	n/a	n/a
Operating margin	2.7%	4.8%	n/a
Interest expense	228	223	n/a	n/a
Pre-tax income	-598	114	n/a	n/a
Income tax	25.0	-144	n/a	n/a
Effective tax rate	n/a	-126.3%	n/a
Net income	-364	-257	n/a	n/a
Net margin	-1.6%	-3.8%	n/a

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q4 FY2025	Q3 FY2025	A year earlier	Change on the year
Operating cash flow	217	432	n/a	n/a
Capital expenditure	116	78.0	n/a	n/a
Free cash flow	101	354	n/a	n/a
Free cash flow margin	0.5%	5.3%	n/a
Cash from investing	-118	-318	n/a	n/a
Cash from financing	-90.0	-980	n/a	n/a
Depreciation and amortisation	364	255	n/a	n/a
Share-based compensation	101	85.0	n/a	n/a
Dividends paid	57.0	64.0	n/a	n/a
Shares outstanding at period end	n/a	1,072m	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q4 FY2025	Q3 FY2025	A year earlier	Change on the year
Shareholders' equity	11,693	12,005	n/a	n/a
Non-controlling interest	1,194	1,266	n/a	n/a
Debt	13,658	13,633	n/a	n/a
Operating lease liabilities	1,150	1,100	n/a	n/a
Other liabilities	15,647	15,177	n/a	n/a
Total liabilities and equity	43,342	43,181	n/a	n/a
Fixed assets	2,195	2,170	n/a	n/a
Goodwill	1,600	984	n/a	n/a
Intangible assets	6,238	6,566	n/a	n/a
Cash and equivalents	3,274	3,263	n/a	n/a
Receivables	6,615	6,302	n/a	n/a
Other assets	23,420	23,896	n/a	n/a
Total assets	43,342	43,181	n/a	n/a

Questions

What was Skydance's revenue in Q4 FY2025?

Skydance (SKYD) reported revenue of $22.2 billion for Q4 FY2025, the quarter ended 31 December 2025.

How much did Skydance earn in Q4 FY2025?

Net loss for Q4 FY2025 was $364 million.

When did Skydance report Q4 FY2025 results?

Skydance filed its 10-K for the year that ended with the quarter on 25 February 2026; the fourth quarter is the year less the first three.

Quarterly results, the last 7 quarters

	Q3 FY2024	Q1 FY2025	Q2 FY2025	Q3 FY2025 ‡	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	6,731	0.0	0.0	6,702	22,189	7,347	6,913
SG&A	1,531	1,543	1,401	1,407	1,769	1,411	1,443
Operating income	337	0.0	0.0	324	610	616	475
Operating margin	5%	n/a	n/a	5%	3%	8%	7%
Interest expense	209	217	214	223	228	238	255
Pre-tax income	120	0.0	0.0	114	-598	392	215
Tax rate	38%	n/a	n/a	-126%	n/a	40%	56%
Net income	1.0	0.0	0.0	-257	-364	168	41.0
Net margin	0%	n/a	n/a	-4%	-2%	2%	1%
Diluted EPS	$0.00	$0.00	$0.00	n/a	n/a	$0.15	$0.04
Operating cash flow	n/a	0.0	0.0	432	217	185	319
Capital expenditure	n/a	57.0	45.0	78.0	116	89.0	61.0
Free cash flow	n/a	-57.0	-45.0	354	101	96.0	258
Dividends paid	n/a	36.0	34.0	64.0	57.0	61.0	56.0
Shares outstanding	1,072m	1,000	1,000	1,072m	n/a	n/a	n/a
Filing	10-Q	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. ‡ Filed in two parts, up to 6 August 2025 and after it, on the old and the new accounting basis; shown added together, with per-share figures left blank. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 December 2025, filed 25 February 2026: the filing.