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SKYQ

Sky Quarry Inc.

SKYQ

Sky Quarry Inc. • NASDAQ
$0.35 ▲ 1.68% (+0.01)
Market Cap $7.58 M
52w High $1.94
52w Low $0.30
Dividend Yield 0%
P/E -0.6
Volume 111.07K
Outstanding Shares 21.61M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.337M ▼ $1.467M ▼ $-3.791M ▼ -283.529% ▼ $0.09 ▲ $-2.383M ▼
Q2-2025 $4.541M ▼ $1.624M ▼ $-2.209M ▲ -48.633% ▲ $-0.1 ▲ $-1.55M ▲
Q1-2025 $6.333M ▲ $1.937M ▲ $-3.334M ▲ -52.64% ▲ $-0.16 ▲ $-2.166M ▲
Q4-2024 $4.19M ▼ $1.681M ▲ $-4.204M ▲ -100.339% ▼ $-0.21 ▲ $-2.218M ▲
Q3-2024 $4.847M $1.499M $-4.445M -91.715% $-0.23 $-2.905M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $362.517K ▲ $20.852M ▼ $15.391M ▲ $5.461M ▼
Q2-2025 $173.795K ▼ $22.801M ▼ $14.935M ▼ $7.865M ▼
Q1-2025 $213K ▼ $24.591M ▼ $15.011M ▼ $9.579M ▼
Q4-2024 $385.116K ▲ $26.947M ▲ $15.449M ▼ $11.498M ▲
Q3-2024 $292.92K $26.348M $17.726M $8.622M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-3.791M ▼ $-1.253M ▼ $-84.295K ▼ $1.543M ▲ $188.722K ▲ $-1.338M ▼
Q2-2025 $-2.209M ▲ $1.234M ▲ $-65.086K ▲ $-1.203M ▼ $-36.24K ▲ $1.169M ▲
Q1-2025 $-3.334M ▲ $-1.963M ▲ $-316.21K ▼ $-24.05K ▼ $-172.116K ▼ $-2.293M ▲
Q4-2024 $-4.204M ▲ $-2.875M ▼ $417.959K ▲ $2.591M ▲ $134.404K ▲ $-2.457M ▲
Q3-2024 $-4.499M $-2.014M $-527.496K $845.255K $-1.697M $-2.542M

Five-Year Company Overview

Income Statement

Income Statement Sky Quarry is still very much in the pre‑commercial stage. Reported revenue is tiny and does not yet cover even basic operating costs. The company is running at a loss, with negative earnings per share that have been getting worse as it invests in building out its business. In practical terms, the income statement shows a company spending to develop and commercialize its technology, not one that is yet generating meaningful profits or even substantial sales.

Balance Sheet

Balance Sheet The balance sheet is very light, with only a small base of assets and a modest level of shareholder equity. There is some debt and essentially no on‑hand cash showing in the snapshot provided, which suggests limited financial cushion. This kind of thin balance sheet is typical for a young development‑stage company, but it also means the firm is more exposed to setbacks and will likely depend on outside funding to execute its plans.

Cash Flow

Cash Flow Cash flows indicate that the business is currently using cash rather than generating it. Operating activities consume cash as the company builds out operations and technology. Free cash flow is negative, reflecting both these operating outflows and some investment spending. Overall, Sky Quarry appears reliant on external capital sources—such as equity or debt raises—to fund its development until its facilities reach commercial scale.

Competitive Edge

Competitive Edge Sky Quarry is trying to carve out a focused niche at the intersection of waste management and energy. Its patented ECOSolv process, vertical integration from waste intake to refined products, and early move into asphalt‑shingle recycling and oil‑sand remediation provide a potential edge. Control of both an extraction site and a refinery could help capture more value along the chain. However, the company is up against much larger energy players and established roofing and materials companies, and its approach is still unproven at full scale. Execution, regulatory approvals, reliable waste‑shingle supply, and the ability to scale modular units will be critical to turning its theoretical advantages into a durable position.

Innovation and R&D

Innovation and R&D Innovation is the core of Sky Quarry’s story. The ECOSolv solvent‑based, closed‑loop process is designed to recover oil and other materials from waste shingles and oil‑saturated soils with lower emissions and minimal water use. The ability to turn a single waste stream into multiple saleable products (bitumen, aggregates, fiberglass) is a key differentiator. The company also plans modular processing units for expansion and is even exploring digital tokenization of real‑world assets as a novel financing and ownership approach. The main risk is that these concepts have been proven mainly at smaller scales; demonstrating reliable, low‑cost performance in continuous commercial operation is still ahead.

Summary

Overall, Sky Quarry looks more like an early‑stage clean‑tech project than a mature oil and gas company. Financials show minimal revenue, ongoing losses, and negative cash flow, all supported by a very small asset and equity base, which implies reliance on continued external financing. On the other hand, the company is pursuing a distinctive technology and vertically integrated model aimed at monetizing waste while reducing environmental impact—an attractive narrative if it can be delivered in practice. The central questions going forward are whether the technology can work efficiently at scale, whether management can secure enough capital to build out facilities, and how quickly the company can move from concept and pilots to stable, commercial operations.

NEWS

September 30, 2025 · 7:30 AM UTC

Sky Quarry Announces Digital Asset Treasury Strategy Focused on Real-World Tokenization and Future Growth

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September 11, 2025 · 7:30 AM UTC

Sky Quarry Appoints Co-Founder Marcus Laun as Interim Chief Executive Officer

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