Skye Bioscience (SKYE)


Market Price (11/5/2026): $1.13 | Market Cap: $5.0 MilSector: Health Care | Industry: Biotechnology

Skye Bioscience (SKYE)


Market Price (11/5/2026): $1.13
Market Cap: $5.0 Mil
Sector: Health Care
Industry: Biotechnology

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -175%

Megatrend and thematic drivers
Megatrends include Precision Medicine, and Aging Population & Chronic Disease. Themes include Biopharmaceutical R&D, Targeted Therapies, Show more.

Weak multi-year price returns
2Y Excs Rtn is -108%, 3Y Excs Rtn is -114%

Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -49 Mil

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -897%

High stock price volatility
Vol 12M is 259%

Key risks
SKYE key risks include [1] the failure of its lead drug candidate, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -175%
1 Megatrend and thematic drivers
Megatrends include Precision Medicine, and Aging Population & Chronic Disease. Themes include Biopharmaceutical R&D, Targeted Therapies, Show more.
2 Weak multi-year price returns
2Y Excs Rtn is -108%, 3Y Excs Rtn is -114%
3 Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -49 Mil
5 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -897%
6 High stock price volatility
Vol 12M is 259%
7 Key risks
SKYE key risks include [1] the failure of its lead drug candidate, Show more.

SKYE in ETFs

Weight = SKYE's share of each fund

VTI0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 11/3/2026

Skye Bioscience (SKYE) stock has gained about 75% since 7/31/2026 because of the following key factors:

1. Strategic Acquisition of Redx Pharma: On August 14, 2026, Skye Bioscience announced a transaction agreement to acquire Redx Pharma. This strategic acquisition is anticipated to expand Skye Bioscience's therapeutic pipeline and potentially broaden its market opportunities, contributing to increased investor confidence.

2. Substantial Equity Financings: In conjunction with the Redx Pharma acquisition announcement on August 14, 2026, Skye Bioscience secured $125 million in financings. This was further bolstered by a $22 million securities purchase agreement with Redmile Biopharma Investments III around August 24, 2026. On October 30, 2026, the company also announced it expects to receive $89.9 million in funding from a consortium of institutional investors, including Redmile Group, LLC, Nextbio Capital Management LP, 5AM Venture Management, LLC, and Abingworth LLP. This significant influx of capital provided a strong financial runway and demonstrated investor belief in the company's future prospects.

Show more
Updated on 11/3/2026

Skye Bioscience (SKYE) stock has gained about 75% since 7/31/2026 because of the following key factors:

1. Strategic Acquisition of Redx Pharma: On August 14, 2026, Skye Bioscience announced a transaction agreement to acquire Redx Pharma. This strategic acquisition is anticipated to expand Skye Bioscience's therapeutic pipeline and potentially broaden its market opportunities, contributing to increased investor confidence.

2. Substantial Equity Financings: In conjunction with the Redx Pharma acquisition announcement on August 14, 2026, Skye Bioscience secured $125 million in financings. This was further bolstered by a $22 million securities purchase agreement with Redmile Biopharma Investments III around August 24, 2026. On October 30, 2026, the company also announced it expects to receive $89.9 million in funding from a consortium of institutional investors, including Redmile Group, LLC, Nextbio Capital Management LP, 5AM Venture Management, LLC, and Abingworth LLP. This significant influx of capital provided a strong financial runway and demonstrated investor belief in the company's future prospects.

3. Better-than-Expected Q2 2026 Financial Results: On August 14, 2026, Skye Bioscience reported its financial results for the second fiscal quarter ended June 30, 2026. The company posted an earnings per share (EPS) of ($0.27), which surpassed analysts' consensus estimates of ($0.29) by $0.02. Although the company still reported a net loss, exceeding market expectations for earnings can signal improving financial performance and serve as a positive catalyst for stock appreciation.

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Stock Movement Drivers

Fundamental Drivers

The 75.4% change in SKYE stock from 7/31/2026 to 11/4/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)731202611042026Change
Stock Price ($)0.651.1475.4%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple∞∞0.0%
Shares Outstanding (Mil)550.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/4/2026
ReturnCorrelation
SKYE75.4% 
Market (SPY)2.6%-8.6%
Sector (XLV)16.7%-8.8%

Fundamental Drivers

The 29.7% change in SKYE stock from 4/30/2026 to 11/4/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)430202611042026Change
Stock Price ($)0.881.1429.7%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple∞∞0.0%
Shares Outstanding (Mil)550.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/4/2026
ReturnCorrelation
SKYE29.7% 
Market (SPY)7.0%4.3%
Sector (XLV)30.5%9.8%

Fundamental Drivers

The -26.5% change in SKYE stock from 10/31/2025 to 11/4/2026 was primarily driven by a -0.1% change in the company's Shares Outstanding (Mil).
(LTM values as of)1031202511042026Change
Stock Price ($)1.551.14-26.5%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple∞∞0.0%
Shares Outstanding (Mil)55-0.1%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/4/2026
ReturnCorrelation
SKYE-26.5% 
Market (SPY)13.4%7.2%
Sector (XLV)33.2%10.3%

Fundamental Drivers

The -34.9% change in SKYE stock from 10/31/2023 to 11/4/2026 was primarily driven by a -90.2% change in the company's Shares Outstanding (Mil).
(LTM values as of)1031202311042026Change
Stock Price ($)1.751.14-34.9%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple∞∞0.0%
Shares Outstanding (Mil)05-90.2%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2023 to 11/4/2026
ReturnCorrelation
SKYE-34.9% 
Market (SPY)89.7%8.9%
Sector (XLV)59.5%10.5%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
SKYE Return30%-69%-33%4%-74%52%-89%
Peers Return-9%76%38%48%7%-23%168%
S&P 500 Return27%-19%24%23%16%11%102%

Monthly Win Rates [3]
SKYE Win Rate58%17%42%42%33%27% 
Peers Win Rate40%47%43%55%45%47% 
S&P 500 Win Rate75%42%67%75%67%36% 

Max Drawdowns [4]
SKYE Max Drawdown-79%-80%-89%-86%-85%-49% 
Peers Max Drawdown-53%-52%-60%-51%-46%-47% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: LLY, VKTX, ALT, MDGL, CRBP.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/4/2026 (YTD)

How Low Can It Go

EventSKYES&P 500
2025 US Tariff Shock
  % Loss-62.3%-18.8%
  % Gain to Breakeven165.0%23.1%
  Time to Breakeven77 days79 days
2024 Yen Carry Trade Unwind
  % Loss-31.9%-7.8%
  % Gain to Breakeven46.7%8.5%
  Time to Breakeven13 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-80.8%-9.5%
  % Gain to Breakeven420.8%10.5%
  Time to Breakeven103 days24 days
2023 SVB Regional Banking Crisis
  % Loss-64.9%-6.7%
  % Gain to Breakeven184.6%7.1%
  Time to Breakeven300 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-60.0%-24.5%
  % Gain to Breakeven150.0%32.4%
  Time to Breakeven498 days427 days
2020 COVID-19 Crash
  % Loss-22.2%-33.7%
  % Gain to Breakeven28.6%50.9%
  Time to Breakeven1 days140 days

Compare to LLY, VKTX, ALT, MDGL, CRBP

In The Past

Skye Bioscience's stock fell -62.3% during the 2025 US Tariff Shock. Such a loss loss requires a 165.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventSKYES&P 500
2025 US Tariff Shock
  % Loss-62.3%-18.8%
  % Gain to Breakeven165.0%23.1%
  Time to Breakeven77 days79 days
2024 Yen Carry Trade Unwind
  % Loss-31.9%-7.8%
  % Gain to Breakeven46.7%8.5%
  Time to Breakeven13 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-80.8%-9.5%
  % Gain to Breakeven420.8%10.5%
  Time to Breakeven103 days24 days
2023 SVB Regional Banking Crisis
  % Loss-64.9%-6.7%
  % Gain to Breakeven184.6%7.1%
  Time to Breakeven300 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-60.0%-24.5%
  % Gain to Breakeven150.0%32.4%
  Time to Breakeven498 days427 days
2020 COVID-19 Crash
  % Loss-22.2%-33.7%
  % Gain to Breakeven28.6%50.9%
  Time to Breakeven1 days140 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-46.8%-3.7%
  % Gain to Breakeven88.0%3.9%
  Time to Breakeven566 days6 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-56.1%-12.2%
  % Gain to Breakeven128.0%13.9%
  Time to Breakeven393 days62 days

Compare to LLY, VKTX, ALT, MDGL, CRBP

In The Past

Skye Bioscience's stock fell -62.3% during the 2025 US Tariff Shock. Such a loss loss requires a 165.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Skye Bioscience (SKYE)

Skye Bioscience (SKYE) is a biopharmaceutical company dedicated to discovering, developing, and commercializing cannabinoid-based molecules for medical treatments. While its general scope includes infectious diseases, the company's current and primary focus is on addressing various eye conditions through its proprietary drug candidates.

The company's lead product candidate is SBI-100, which is currently undergoing Phase I clinical trials for the treatment of glaucoma and ocular hypertension. Additionally, Skye Bioscience is developing SBI-200, a preclinical stage candidate targeting a broader range of significant eye diseases, including uveitis, dry eye syndrome, macular degeneration, and diabetic retinopathy. The primary market for Skye Bioscience, therefore, consists of patients suffering from these chronic and often debilitating ocular conditions.

AI Analysis | Feedback

Here are 1-2 brief analogies for Skye Bioscience:

  • Essentially, it's like GW Pharmaceuticals (a pioneer in cannabinoid-based medicines) but dedicated entirely to developing treatments for eye diseases.
  • Think of it as a specialized Alcon (a major eye care company), but one that focuses purely on discovering and developing new cannabinoid-based drugs for a range of ophthalmic conditions.

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  • SBI-100: A cannabinoid-based molecule in Phase I trials for the treatment of glaucoma and ocular hypertension.
  • SBI-200: A cannabinoid-based molecule in preclinical trials to treat and manage various eye diseases.

AI Analysis | Feedback

Based on the provided company description, Skye Bioscience, Inc. (SKYE) is a biopharmaceutical company primarily engaged in the discovery, development, and preclinical/clinical trials of cannabinoid-based molecules. Their lead product candidate, SBI-100, is in Phase I trials, and SBI-200 is in preclinical trials. At this stage of development, the company does not have commercially approved products available for sale.

Therefore, Skye Bioscience does not currently have major customers, either other companies or individuals, as they are focused on research and development rather than product commercialization and sales.

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Punit Dhillon, President, Chief Executive Officer, and Principal Accounting Officer

Punit Dhillon was appointed CEO in August 2020. Effective February 20, 2026, he also assumed the role of Principal Accounting Officer. He is the co-founder and former President and CEO of OncoSec Medical Inc. (NASDAQ: ONCS), a biotechnology company pioneering new technologies to fight cancer, where he raised over $200M and established partnerships with Merck and Genentech. Prior to Skye, he served as a managing director of a private San Diego-based pharmaceutical company, where he launched an Asia-focused licensing business unit evaluating opportunities in Korea, China, Japan, and the US, and completed a partnership with BMS. He was formerly a director of the Emerald group of companies with responsibility for private equity investments, operations, and business development. As Vice President, Finance and Operations, at Inovio Pharmaceuticals, he completed licensing deals with Merck, Wyeth (now Pfizer), and Roche. Mr. Dhillon co-founded YELL Canada, an accelerator program for high school students interested in business and entrepreneurship. He has a 20-year track record as an executive and investor in the life sciences industry, focusing on early-stage biotechs from start-up through clinical proof-of-concept, raising over $500 million in capital and establishing multiple pharmaceutical partnerships.

Tu Diep, Chief Operating Officer

Tu Diep was appointed Chief Operating Officer in January 2025, having previously served as Chief Development Officer (January 2022–December 2024) and Senior Vice President of Development (October 2020–January 2022). He brings more than 15 years of scientific and clinical research experience to Skye Bioscience. Prior to joining Skye, Mr. Diep was at Protox Therapeutics Inc. (now Sophiris Bio Inc.), a company developing highly targeted, minimally invasive treatments, where he gained extensive experience in preclinical research and development, clinical protocol development and design, clinical operations, and biologics manufacturing. While at Protox, he was integrally involved in solidifying a $75 million regional partnership with a Japanese pharmaceutical company and securing a $35 million investment from the private equity firm Warburg Pincus. In 2011, Mr. Diep joined OncoSec Medical Inc. as a founding employee. He led the development and initiation of the company's lead program, tavokinogene telsaplasmid (TAVO), and spearheaded a key clinical collaboration with Merck. Following OncoSec, he held positions as VP, Strategic Operations for Emerald Health Sciences (a global cannabis company), and Director, Business Process for Element Biosciences (a private next-generation sequencing start-up).

Chris Twitty, PhD, Chief Scientific Officer

Chris Twitty serves as the Chief Scientific Officer at Skye Bioscience.

Puneet S. Arora, M.D., M.S., F.A.C.E., Chief Medical Officer

Puneet S. Arora was appointed as the Chief Medical Officer for Skye Bioscience. He brings extensive experience in clinical trials and regulatory submissions.

AI Analysis | Feedback

For Skye Bioscience (SKYE), the key risks to the business are primarily centered around the inherent challenges of clinical-stage biopharmaceutical development, its financial solvency as a pre-revenue company, and the intense competitive landscape of its target market.

  1. Clinical Trial Failure and Regulatory Uncertainty

    As a biopharmaceutical company without commercialized products, Skye Bioscience's valuation and future depend almost entirely on the successful outcome of its clinical trials and subsequent regulatory approvals. The company has already experienced a significant setback with the discontinuation of its SBI-100 Ophthalmic Emulsion program for glaucoma, which failed to meet its primary endpoint in a Phase 2a clinical trial. Skye has since pivoted its full clinical development resources to nimacimab, a CB1 inhibitor primarily for obesity, which is currently in Phase 2 trials. Nimacimab itself has faced challenges, with a mid-stage clinical trial for weight loss as a monotherapy not demonstrating significant improvement, leading to a substantial drop in the company's stock value. Although nimacimab showed promise in combination therapy, the path through Phase 2 and potentially Phase 3 trials is fraught with uncertainties regarding efficacy, patient retention, and safety. Only a small percentage of drugs entering Phase 1 ultimately achieve market approval (approximately 9.6%), highlighting the high attrition rate in drug development. Furthermore, navigating FDA requirements, especially for combination therapies, poses an ongoing regulatory hurdle.

  2. Financial Health and Funding Risk

    Skye Bioscience is a pre-revenue company, meaning it currently generates no income from product sales, and its operations are funded by investments. The company reported a net loss of $55.9 million for the year ended December 31, 2025. While Skye held $25.7 million in cash and short-term investments as of December 31, 2025, which is projected to sustain operations through the end of 2026 or Q1 2027, its cash burn significantly increased by 85% in the last twelve months. The company's cash burn relative to its market capitalization (139%) suggests a high risk of needing additional funding in the near future, which could lead to further stock dilution or financial distress if capital is not secured on favorable terms. A Piotroski F-Score of 2 also points to potential financial weaknesses.

  3. Intense Competition in the Obesity Market

    Skye Bioscience's primary focus has shifted to developing nimacimab for the obesity market. This is a highly competitive landscape dominated by major pharmaceutical companies with established and effective GLP-1 receptor agonist therapies, such as Wegovy (semaglutide) from Novo Nordisk and Zepbound (tirzepatide) from Eli Lilly. While nimacimab aims to offer differentiated benefits, potentially as a combination therapy to enhance weight loss and address limitations of existing treatments, entering a market with such strong incumbents presents a substantial challenge. The market's reception to nimacimab as a monotherapy for weight loss has been poor, leading to a significant decline in share value, underscoring the difficulty of competing in this crowded field.

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The addressable markets for Skye Bioscience's main products are detailed below:

SBI-100 (Glaucoma and Ocular Hypertension)

  • Glaucoma: The global glaucoma treatment market was valued at USD 6.6 billion in 2024 and is projected to grow to USD 10.5 billion by 2034. The U.S. market for glaucoma treatment was approximately USD 2.24 billion in 2024, anticipated to grow to USD 3.96 billion by 2034.
  • Ocular Hypertension: The global ocular hypertension market was valued at USD 5.1 billion in 2024 and is estimated to reach USD 7.2 billion by 2030. The U.S. ocular hypertension market is projected to expand from USD 1.78 billion in 2024 to USD 2.34 billion by 2030. The top 7 major markets (US, EU4, UK, and Japan) for ocular hypertension reached a value of USD 3,166.1 million in 2024, with projections to reach USD 4,752.8 million by 2035.

SBI-200 (Uveitis, Dry Eye Syndrome, Macular Degeneration, and Diabetic Retinopathy)

  • Uveitis: The global uveitis treatment market size was approximately USD 768.5 million in 2024 and is estimated to grow to USD 1.5 billion by 2034. The U.S. uveitis treatment market is projected to reach USD 612.2 million by 2034.
  • Dry Eye Syndrome: The global dry eye syndrome treatment market size was estimated at USD 6.29 billion in 2024 and is projected to reach USD 9.20 billion by 2030. North America held a significant share of the global dry eye syndrome treatment market, accounting for 42.7% of revenue in 2024.
  • Macular Degeneration: The global macular degeneration treatment market is projected to grow from USD 14.19 billion in 2024 to USD 22.90 billion by 2030. North America is expected to dominate the global macular degeneration treatment market, with a 46.7% share in 2026.
  • Diabetic Retinopathy: The global diabetic retinopathy market size is valued at USD 9.13 billion in 2024 and is projected to grow from USD 9.9 billion in 2025 to USD 17.37 billion by 2033. North America dominated the diabetic retinopathy market in 2024.

AI Analysis | Feedback

For Skye Bioscience (SKYE), the expected drivers of future revenue growth over the next 2-3 years are primarily centered on the advancement of its metabolic disease pipeline, particularly its lead product candidate, nimacimab, for obesity. The company has redirected its focus from ophthalmic programs to this area.

  1. Advancement and successful clinical development of nimacimab for obesity: Positive outcomes from ongoing and planned clinical trials, such as the CBeyond Phase 2a expansion study (topline results expected in Q4 2026) and subsequent Phase 2b studies, will be crucial. Nimacimab has demonstrated significant weight loss benefits, especially in combination with semaglutide, positioning it as a promising candidate in the large and growing obesity market.

  2. Strategic partnerships or licensing agreements for nimacimab: As a clinical-stage company with no current revenue, securing collaborations with larger pharmaceutical companies for the development and commercialization of nimacimab would provide substantial non-dilutive funding through upfront payments, milestone payments, and future royalties, directly contributing to revenue growth.

  3. Development and potential out-licensing of the Antibody-Peptide Conjugate (APC) program: Skye Bioscience is advancing an innovative APC program that combines nimacimab's unique mechanism with GLP-1 receptor agonists in a single therapeutic. Preclinical proof-of-concept data for this platform have shown additive weight loss. Progress in this program could open new market opportunities or lead to lucrative licensing deals.

  4. Expansion into the second-line obesity treatment market: Nimacimab is being developed to target second-line treatment opportunities in the obesity market, particularly in combination with GLP-1 therapies. Successful clinical differentiation and market penetration in this segment would enable Skye Bioscience to capture a significant share of a high-value patient population.

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Share Issuance

  • Skye Bioscience completed a private placement equity financing in January 2024, raising $50.25 million from the sale of common stock and pre-funded warrants.
  • In March 2024, the company executed another private placement equity financing, issuing 4,000,000 shares of common stock for gross proceeds of $40 million.
  • Since mid-2023, Skye Bioscience has raised a total of $107 million in capital, primarily through these PIPE financings.

Inbound Investments

  • The $50.25 million private placement in January 2024 was co-led by a prominent life science investor and 5AM Ventures, with additional participation from Ally Bridge Group, Sphera Healthcare, Altium Capital, Driehaus Capital Management, and other institutional investors.
  • Investors in the March 2024 $40 million private placement included Perceptive Advisors, Velan Capital, Schonfeld Strategic Advisors, and existing institutional shareholders such as 5AM Ventures, Altium Capital, and Sphera Healthcare.
  • Private equity firms collectively hold a 38% stake in Skye Bioscience, with 5AM Venture Management, LLC, being the largest shareholder with 32% ownership.

Capital Expenditures

  • Research and development (R&D) expenses for the year ended December 31, 2025, amounted to $42.4 million, a significant increase from $18.7 million in 2024, driven mainly by contracted manufacturing costs for the anticipated Phase 2b clinical trial of nimacimab.
  • As of December 31, 2025, the company had $25.7 million in cash, cash equivalents, and short-term investments, which is expected to fund operations and key clinical milestones into the fourth quarter of 2026, including initial manufacturing to enable the anticipated Phase 2b clinical study.
  • Skye Bioscience strategically eliminated its ophthalmic program in 2024 to reallocate resources towards its metabolic pipeline, focusing on programs like nimacimab.

Peer Outperformance in Biotechnology

SKYE has trailed 67% of its 363 Biotechnology peers over 5Y. Biotechnology ranks 9th of 10 industries in Health Care by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Biotechnology constituents that SKYE has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
51%
of 451 industry peers · -19.7% return
3Y
49%
of 398 industry peers · -32.9% return
5Y
33%
of 363 industry peers · -94.4% return
No Biotechnology peer with a comparable growth profile has beaten SKYE by more than 20pp over 5Y.
Median price return by industry across the Health Care sector, ranked by 5Y. Biotechnology is SKYE's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Health Care Distributors 6 13.4%63.7%103.3% CAH 490% · MCK 391% · COR 194%
Health Care Services 20 44.0%33.3%11.6% HIMS 220% · RDNT 148% · DGX 96%
Managed Health Care 8 44.6%5.6%0.6% OSCR 107% · HQY 59% · ELV 11%
Health Care Facilities 25 16.9%18.4%-3.0% THC 302% · NHC 241% · EHC 202%
Health Care Equipment 50 14.4%18.7%-15.0% UFPT 408% · GKOS 348% · PLSE 147%
Pharmaceuticals 60 -5.1%8.2%-35.2% LQDA 999% · KNSA 546% · LLY 448%
Health Care Supplies 11 34.9%23.0%-36.1% LNTH 267% · HAE 76% · MMSI 33%
Life Sciences Tools & Services 108 -6.2%-10.3%-74.1% AXGN 288% · NTRA 253% · MEDP 189%
Biotechnology ← 364 -21.1%-31.5%-81.7% ELVN 1112% · TRVI 1046% · DNTH 930%
Health Care Technology 21 -23.4%-56.5%-82.3% VEEV -3% · DOCS -52%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1Skye Bioscience Earnings Notes12/16/2025
Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

SKYELLYVKTXALTMDGLCRBPMedian
NameSkye Bio.Eli LillyViking T.AltimmuneMadrigal.Corbus P. 
Mkt Price1.131,431.8027.702.11395.013.7615.73
Mkt Cap0.01,277.03.30.411.60.11.8
Rev LTM086,462001,42800
Op Inc LTM-4944,315-649-100-153-107-104
FCF LTM-3911,689-463-77-169-87-82
FCF 3Y Avg-315,283-254-77-256-58-67
CFO LTM-3930,645-463-77-157-87-82
CFO 3Y Avg-3117,580-254-77-250-58-67

Growth & Margins

SKYELLYVKTXALTMDGLCRBPMedian
NameSkye Bio.Eli LillyViking T.AltimmuneMadrigal.Corbus P. 
Rev Chg LTM-45.5%-55.0%92.8%-55.0%
Rev Chg 3Y Avg-39.4%-188.3%--113.9%
Rev Chg Q-38.6%--100.0%50.1%-38.6%
QoQ Delta Rev Chg LTM-8.5%--13.9%11.2%-8.5%
Op Inc Chg LTM6.2%67.9%-136.0%-6.2%50.4%-59.4%0.0%
Op Inc Chg 3Y Avg-70.4%68.3%-95.7%-4.7%12.3%-38.9%-21.8%
Op Mgn LTM-51.3%--323,306.5%-10.7%--10.7%
Op Mgn 3Y Avg-43.7%--272,980.7%-255.2%--255.2%
QoQ Delta Op Mgn LTM-1.5%--54,089.8%14.4%-1.5%
CFO/Rev LTM-35.4%--246,800.0%-11.0%--11.0%
CFO/Rev 3Y Avg-25.7%--224,047.7%-197.9%--197.9%
FCF/Rev LTM-13.5%--246,974.2%-11.8%--11.8%
FCF/Rev 3Y Avg-6.3%--224,105.7%-201.4%--201.4%

Valuation

SKYELLYVKTXALTMDGLCRBPMedian
NameSkye Bio.Eli LillyViking T.AltimmuneMadrigal.Corbus P. 
Mkt Cap0.01,277.03.30.411.60.11.8
P/S-14.8-12,622.18.1-14.8
P/Op Inc-0.128.8-5.0-3.9-75.7-0.7-2.3
P/EBIT-0.128.8-4.9-4.4-93.7-0.7-2.6
P/E-0.146.3-5.2-4.3-74.3-0.7-2.5
P/CFO-0.141.7-7.1-5.1-73.6-0.8-3.0
Total Yield-892.7%2.7%-19.0%-23.3%-1.3%-147.1%-21.2%
Dividend Yield0.0%0.5%0.0%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg-449.3%0.6%-6.9%-19.1%-4.0%-38.7%-13.0%
D/E0.00.00.10.10.00.10.0
Net D/E-1.80.0-0.2-0.7-0.1-1.6-0.5

Returns

SKYELLYVKTXALTMDGLCRBPMedian
NameSkye Bio.Eli LillyViking T.AltimmuneMadrigal.Corbus P. 
1M Rtn-34.7%25.3%-5.4%-21.0%-20.0%-35.7%-20.5%
3M Rtn73.8%22.6%-17.3%-30.4%-23.2%-60.7%-20.3%
6M Rtn32.8%45.5%-14.2%-35.3%-26.8%-65.6%-20.5%
12M Rtn-20.4%58.9%-20.0%-43.9%-11.2%-66.6%-20.2%
3Y Rtn-33.5%157.4%162.6%-23.0%168.9%-28.1%67.2%
1M Excs Rtn-27.1%26.9%0.8%-17.8%-17.3%-31.6%-17.5%
3M Excs Rtn75.7%22.1%-15.0%-28.1%-20.8%-59.5%-17.9%
6M Excs Rtn30.1%42.7%-16.9%-38.0%-29.5%-68.5%-23.2%
12M Excs Rtn-35.0%50.1%-33.4%-57.1%-14.5%-80.5%-34.2%
3Y Excs Rtn-114.1%75.9%108.3%-93.0%132.6%-117.4%-8.5%

Comparison Analyses

null

Financials

Segment Financials

Assets by Segment
$ Mil20252024202320222021
Research and development activities related to developing medicine for obesity and metabolic287312910
Total287312910


Price Behavior

Price Behavior
Market Price$1.14 
Market Cap ($ Bil)0.0 
First Trading Date11/26/2014 
Distance from 52W High-49.1% 
   50 Days200 Days
DMA Price$1.68$1.00
DMA Trendupup
Distance from DMA-31.9%13.7%
 3M1YR
Volatility499.0%259.2%
Downside Capture280.72221.85
Upside Capture745.21171.50
Correlation (S&P 500)8.4%7.4%
SKYE Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta1.32-0.243.181.351.491.14
Up Beta-0.64-3.24-12.63-5.21-1.460.75
Down Beta-2.30-0.61-1.050.010.881.16
Up Capture105%-46%986%353%253%89%
Bmk +ve Days12182862130427
Stock +ve Days1121234599335
Down Capture383%159%213%146%155%108%
Bmk -ve Days10253664121325
Stock -ve Days11222756125370

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SKYE
SKYE-78.1%88.9%-1.49-
Sector ETF (XLV)33.1%16.7%1.539.2%
Equity (SPY)13.2%12.9%0.6813.4%
Gold (GLD)1.0%28.8%0.037.1%
Commodities (DBC)35.9%21.2%1.341.7%
Real Estate (VNQ)14.3%14.1%0.70-4.2%
Bitcoin (BTCUSD)-28.2%43.4%-0.6521.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SKYE
SKYE-53.2%131.8%0.03-
Sector ETF (XLV)9.3%15.3%0.407.6%
Equity (SPY)12.5%17.2%0.558.4%
Gold (GLD)17.3%19.1%0.73-3.3%
Commodities (DBC)8.0%19.6%0.29-3.5%
Real Estate (VNQ)1.8%18.9%-0.013.6%
Bitcoin (BTCUSD)5.5%51.5%0.298.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SKYE
SKYE-50.1%133.9%0.11-
Sector ETF (XLV)12.5%16.8%0.617.9%
Equity (SPY)15.4%18.0%0.739.2%
Gold (GLD)11.9%16.5%0.59-0.2%
Commodities (DBC)7.4%18.1%0.330.6%
Real Estate (VNQ)5.7%20.7%0.237.9%
Bitcoin (BTCUSD)61.0%66.2%1.016.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity0.1 Mil
Short Interest: % Change Since 9302026-5.2%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest4.9 days
Basic Shares Quantity5.0 Mil
Short % of Basic Shares2.8%

Earnings Returns History

Updated 9/11/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/10/20252.8%-1.4%-19.0%
8/7/2025-0.8%-7.9%16.1%
5/8/20251.1%12.3%30.7%
3/20/202519.0%12.2%-16.9%
11/7/20245.0%1.3%-27.4%
SUMMARY STATS   
# Positive432
# Negative123
Median Positive3.9%12.2%23.4%
Median Negative-0.8%-4.6%-19.0%
Max Positive19.0%12.3%30.7%
Max Negative-0.8%-7.9%-27.4%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/10/20252.8%-1.4%-19.0%
8/7/2025-0.8%-7.9%16.1%
5/8/20251.1%12.3%30.7%
3/20/202519.0%12.2%-16.9%
11/7/20245.0%1.3%-27.4%
SUMMARY STATS   
# Positive432
# Negative123
Median Positive3.9%12.2%23.4%
Median Negative-0.8%-4.6%-19.0%
Max Positive19.0%12.3%30.7%
Max Negative-0.8%-7.9%-27.4%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/14/202610-Q
03/31/202605/11/202610-Q
12/31/202503/10/202610-K
09/30/202511/10/202510-Q
06/30/202508/07/202510-Q
03/31/202505/08/202510-Q
12/31/202403/20/202510-K
09/30/202411/07/202410-Q
06/30/202408/09/202410-Q
03/31/202405/10/202410-Q
12/31/202303/22/202410-K
09/30/202311/14/202310-Q
06/30/202308/07/202310-Q
03/31/202305/12/202310-Q
12/31/202203/31/202310-K
09/30/202211/14/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/14/202610-Q
03/31/202605/11/202610-Q
12/31/202503/10/202610-K
09/30/202511/10/202510-Q
06/30/202508/07/202510-Q
03/31/202505/08/202510-Q
12/31/202403/20/202510-K
09/30/202411/07/202410-Q
06/30/202408/09/202410-Q
03/31/202405/10/202410-Q
12/31/202303/22/202410-K
09/30/202311/14/202310-Q
06/30/202308/07/202310-Q
03/31/202305/12/202310-Q
12/31/202203/31/202310-K
09/30/202211/14/202210-Q
06/30/202208/15/202210-Q
03/31/202205/06/202210-Q
12/31/202103/28/202210-K
09/30/202111/10/202110-Q
06/30/202108/06/202110-Q
03/31/202105/07/202110-Q
12/31/202003/02/202110-K
09/30/202011/06/202010-Q
06/30/202008/13/202010-Q
03/31/202005/08/202010-Q
12/31/201903/23/202010-K
09/30/201911/14/201910-Q

Insider Activity

Updated 9/24/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Schwab, Andrew J5AM Ventures II, L.P.Sell92420261.61114,851  Form
2Schwab, Andrew J5AM Co-Investors II, L.P.Sell92420261.614,528  Form
35am, Partners Vii, Llc5AM Ventures II, L.P.Sell92420261.61114,851  Form
45am, Partners Vii, Llc5AM Co-Investors II, L.P.Sell92420261.614,528  Form
5Schwab, Andrew J5AM Ventures II, L.P.Sell92420261.6527,61245,560189,504Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Schwab, Andrew J5AM Ventures II, L.P.Sell92420261.61114,851  Form
2Schwab, Andrew J5AM Co-Investors II, L.P.Sell92420261.614,528  Form
35am, Partners Vii, Llc5AM Ventures II, L.P.Sell92420261.61114,851  Form
45am, Partners Vii, Llc5AM Co-Investors II, L.P.Sell92420261.614,528  Form
5Schwab, Andrew J5AM Ventures II, L.P.Sell92420261.6527,61245,560189,504Form
6Schwab, Andrew J5AM Co-Investors II, L.P.Sell92420261.651,0881,7957,471Form
75am, Partners Vii, Llc5AM Ventures II, L.P.Sell92420261.6527,61245,560189,504Form
85am, Partners Vii, Llc5AM Co-Investors II, L.P.Sell92420261.651,0881,7957,471Form
9Schwab, Andrew J5AM Ventures II, L.P.Sell91820261.9132,60762,279272,104Form
10Schwab, Andrew J5AM Co-Investors II, L.P.Sell91820261.911,2852,45410,727Form
115am, Partners Vii, Llc5AM Ventures II, L.P.Sell91820261.9132,60762,279272,104Form
125am, Partners Vii, Llc5AM Co-Investors II, L.P.Sell91820261.911,2852,45410,727Form
13Schwab, Andrew J5AM Ventures II, L.P.Sell82020260.321,159371448,179Form
14Schwab, Andrew J5AM Co-Investors II, L.P.Sell82020260.32461517,667Form
15Schwab, Andrew J5AM Ventures VII, L.P.Sell82020260.326,4952,0782,512,050Form
165am, Partners Vii, Llc5AM Ventures II, L.P.Sell82020260.321,159371448,179Form
175am, Partners Vii, Llc5AM Co-Investors II, L.P.Sell82020260.32461517,667Form
185am, Partners Vii, Llc5AM Ventures VII, L.P.Sell82020260.326,4952,0782,512,050Form
19Schwab, Andrew J5AM Ventures II, L.P.Sell82020260.3510,2553,589490,602Form
20Schwab, Andrew J5AM Co-Investors II, L.P.Sell82020260.3540914319,339Form
21Schwab, Andrew J5AM Ventures VII, L.P.Sell82020260.3557,47620,1172,749,828Form
225am, Partners Vii, Llc5AM Ventures II, L.P.Sell82020260.3510,2553,589490,602Form
235am, Partners Vii, Llc5AM Co-Investors II, L.P.Sell82020260.3540914319,339Form
245am, Partners Vii, Llc5AM Ventures VII, L.P.Sell82020260.3557,47620,1172,749,828Form
25Schwab, Andrew J5AM Ventures II, L.P.Sell82020260.3845,09017,134536,550Form
26Schwab, Andrew J5AM Co-Investors II, L.P.Sell82020260.381,83069521,152Form
27Schwab, Andrew J5AM Ventures VII, L.P.Sell82020260.38253,08096,1703,007,368Form
285am, Partners Vii, Llc5AM Ventures II, L.P.Sell82020260.3845,09017,134536,550Form
295am, Partners Vii, Llc5AM Co-Investors II, L.P.Sell82020260.381,83069521,152Form
305am, Partners Vii, Llc5AM Ventures VII, L.P.Sell82020260.38253,08096,1703,007,368Form

Investor Activity (13F)

Updated Nov 5, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
5AM Venture Management, LLC$6.0 Mil1.7%20Hold13F
Active Manager
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
5AM Venture Management, LLC$6.0 Mil1.7%20Hold13F
Core Cache Last Updated: 11/4/2026