PETROTEQ ENERGY INC (PQEFF) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 8, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q1 FY2022, filed Jan 19, 2022. Each column of the statement tables below links to the filing it was taken from.
This page shows PETROTEQ ENERGY INC (PQEFF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
The numbers describe a development-stage business with minimal reported revenue, recurring cash deficits, and continued reliance on financing.
Net losses narrowed from a loss of$15.8M in FY2019 to$9.5M in FY2021, but operating cash flow remained negative at-$4.6M in FY2021; accounting improvement therefore had not yet produced self-funding operations.
The balance sheet is not debt-heavy—debt-to-equity was 0.2x in FY2021—but short-term liquidity remained tight, with a 0.4x current ratio. External financing was the more visible funding channel: FY2021 financing cash flow was
In FY2019, R&D spending of
Financial Health Signals
PETROTEQ ENERGY INC does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
PETROTEQ ENERGY INC passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.
PETROTEQ ENERGY INC reported a net loss of $9.5M while operations used $4.6M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
PETROTEQ ENERGY INC reported -$2.5M in net income in Q1 2022. This represents a decrease of 520.0% from the same quarter a year earlier.
Not reported for Q1 2022.
Not reported for Q1 2022.
Not reported for Q1 2022.
Cash & Balance Sheet
PETROTEQ ENERGY INC held $69K in cash as of Q1 2022; long-term debt is not reported for that period.
Not reported for Q1 2022.
Not reported for Q1 2022.
Margins & Returns
PETROTEQ ENERGY INC's ROE was -3.7% in Q1 2022, measuring profit generated per dollar of shareholder equity. This is down 3.0 percentage points from the same quarter a year earlier.
Not reported for Q1 2022.
Not reported for Q1 2022.
Not reported for Q1 2022.
Capital Allocation
None of these metrics is reported for Q1 2022.
PQEFF Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2210-Q | Q4'2110-Q | Q3'2110-Q | Q2'2110-Q | Q1'2110-Q | Q4'2010-K | Q3'2010-Q | Q2'2010-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | $126K+230.2% | $69K+222.4% |
| Gross Profit | -$285K-117.2% | N/A | -$14K+90.3% | -$19K+97.5% | $1.7M+347.3% | N/A | -$148K+79.5% | -$771K-560.7% |
| SG&A Expenses | $1.4M+33.4% | N/A | $1.4M+58.7% | $706K-54.3% | $1.0M-56.1% | N/A | $895K-67.7% | $1.5M-33.0% |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | -$996K+77.4% | $3.5M-2.7% |
| EBITDA | N/A | N/A | N/A | N/A | N/A | N/A | -$985K+77.5% | $3.5M-2.8% |
| Interest Expense | $251K-12.8% | N/A | $875K+337.4% | $305K+1106.5% | $288K+100.7% | N/A | $200K+136.7% | $25K-22.5% |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0 |
| Net Income | -$2.5M-520.0% | N/A | -$4.9M-343.3% | -$1.0M+67.8% | -$411K+87.1% | N/A | -$1.1M+75.2% | -$3.2M+11.6% |
Not reported in any period shown, so not listed: Cost of Revenue, R&D Expenses, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
PQEFF Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2210-Q | Q4'2110-Q | Q3'2110-Q | Q2'2110-Q | Q1'2110-Q | Q4'2010-K | Q3'2010-Q | Q2'2010-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $79.8M+2.1% | $81.0M+10.0% | $79.1M+5.5% | $78.8M+4.9% | $78.1M+3.2% | $73.6M+1.1% | $75.0M+32.6% | $75.1M |
| Current Assets | $3.0M+15.8% | $4.2M+87.9% | $2.9M+0.5% | $2.6M-6.7% | $2.6M-13.5% | $2.2M-8.5% | $2.8M+56.2% | $2.8M |
| Cash & Equivalents | $69K-30.3% | $1.0M+1523.2% | $307K+685.8% | $162K+657.0% | $99K+209.7% | $62K+23.0% | $39K-62.5% | $21K-97.0% |
| Short-Term Investments | $0 | $0 | $0-100.0% | $0 | $0 | $0 | $125K | $0 |
| Inventory | $17K+13.9% | $17K+13.9% | $17K-88.2% | $25K-82.7% | $15K-89.6% | $15K-91.7% | $142K-47.5% | $142K |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | $13K-91.1% | $17K | $17K |
| Long-Term Investments | $0 | $0 | $0 | $0-100.0% | $0-100.0% | $0 | $0-100.0% | $75K |
| Total Liabilities | $10.7M-41.6% | $14.9M-23.7% | $20.0M+4.5% | $18.2M-2.2% | $18.3M+7.0% | $19.5M+29.8% | $19.2M+84.0% | $18.6M |
| Current Liabilities | $6.0M-57.0% | $10.5M-31.1% | $15.9M+2.2% | $13.5M-9.2% | $13.9M+2.1% | $15.2M+29.7% | $15.5M+64.9% | $14.9M |
| Non-Current Liabilities | $4.7M+6.8% | $4.4M+2.1% | $4.2M+14.3% | $4.7M+26.1% | $4.4M+25.7% | $4.3M+30.0% | $3.7M+260.4% | $3.7M |
| Long-Term Debt | N/A | N/A | $200K-83.5% | $587K+352.5% | $576K+228.7% | $684K+216.9% | $1.2M+381.5% | $130K |
| Total Equity | $69.1M+15.5% | $66.2M+22.2% | $59.1M+5.8% | $60.6M+7.2% | $59.9M+2.1% | $54.1M-6.4% | $55.8M+21.0% | $56.5M+49.3% |
| Retained Earnings | -$102.7M-12.7% | -$100.1M-10.4% | -$97.0M-13.1% | -$92.1M-8.8% | -$91.1M-11.8% | -$90.7M-15.8% | -$85.8M-13.6% | -$84.7M-19.2% |
Not reported in any period shown, so not listed: Goodwill.
PQEFF Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2210-Q | Q4'2110-Q | Q3'2110-Q | Q2'2110-Q | Q1'2110-Q | Q4'2010-K | Q3'2010-Q | Q2'2010-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.8M-698.0% | -$3.9M | -$551K-4.9% | -$490K+66.2% | $299K+160.9% | N/A | -$526K+77.6% | -$1.4M-5.8% |
| Depreciation & Amortization | $11K-1.2% | $11K | $11K-1.2% | $12K0.0% | $12K-84.5% | N/A | $12K-47.1% | $12K-29.5% |
| Stock-Based Compensation | $0-100.0% | N/A | N/A | N/A | $200K+12.1% | N/A | N/A | N/A |
| Capital Expenditures | N/A | $619K | $116K+230.0% | $0-100.0% | $1.7M-11.6% | N/A | $35K-94.5% | $223K-90.9% |
| Free Cash Flow | N/A | -$4.5M | -$668K-19.1% | -$490K+70.7% | -$1.4M+42.4% | N/A | -$561K+81.2% | -$1.7M+56.2% |
| Investing Cash Flow | $450K+126.9% | -$619K | -$116K-554.5% | $0-100.0% | -$1.7M+43.9% | N/A | $26K+103.1% | $496K+111.5% |
| Financing Cash Flow | $396K-71.9% | $5.2M | $813K+57.1% | $553K-41.3% | $1.4M-59.2% | N/A | $518K-79.7% | $942K-84.6% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
PQEFF Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2210-Q | Q4'2110-Q | Q3'2110-Q | Q2'2110-Q | Q1'2110-Q | Q4'2010-K | Q3'2010-Q | Q2'2010-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | -117.4% | -1126.0% |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | -792.1% | 5113.1% |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | -885.7% | -4688.8% |
| Return on Equity | -3.7%-3.0pp | N/A | -8.4%-6.4pp | -1.7%+4.0pp | -0.7%+4.7pp | N/A | -2.0%+7.8pp | -5.7%+3.9pp |
| Return on Assets | -3.2%-2.7pp | N/A | -6.2%-4.8pp | -1.3%+3.0pp | -0.5%+3.7pp | N/A | -1.5%+6.5pp | -4.3% |
| Current Ratio | 0.50+0.3x | 0.40+0.3x | 0.180.0x | 0.200.0x | 0.190.0x | 0.15-0.1x | 0.180.0x | 0.19 |
| Debt-to-Equity | 0.15+0.1x | 0.23+0.2x | 0.000.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.020.0x | 0.00 |
| Asset Turnover | N/A | N/A | N/A | N/A | N/A | N/A | 0.000.0x | 0.00 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | -445.9% | -2441.1% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Gross Margin, Operating Margin, Net Margin, FCF Margin.
Note: The current ratio is below 1.0 (0.40), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where PETROTEQ ENERGY INC Ranks
Frequently Asked Questions
Is PETROTEQ ENERGY INC profitable?
No, PETROTEQ ENERGY INC (PQEFF) reported a net income of -$9.5M in fiscal year 2021.
What is PETROTEQ ENERGY INC's return on equity (ROE)?
PETROTEQ ENERGY INC (PQEFF) has a return on equity of -14.3% for fiscal year 2021, measuring how efficiently the company generates profit from shareholder equity.
What is PETROTEQ ENERGY INC's free cash flow?
PETROTEQ ENERGY INC (PQEFF) recorded an outflow of $7.0M in free cash flow during fiscal year 2021. This represents a -7.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is PETROTEQ ENERGY INC's operating cash flow?
PETROTEQ ENERGY INC (PQEFF) recorded an outflow of $4.6M in operating cash flow during fiscal year 2021, representing cash used by core business activities.
What are PETROTEQ ENERGY INC's total assets?
PETROTEQ ENERGY INC (PQEFF) had $81.0M in total assets as of fiscal year 2021, including both current and long-term assets.
What are PETROTEQ ENERGY INC's capital expenditures?
PETROTEQ ENERGY INC (PQEFF) invested $2.4M in capital expenditures during fiscal year 2021, funding long-term assets and infrastructure.
What is PETROTEQ ENERGY INC's current ratio?
PETROTEQ ENERGY INC (PQEFF) had a current ratio of 0.40 as of fiscal year 2021, which is below 1.0, which may suggest potential liquidity concerns.
What is PETROTEQ ENERGY INC's debt-to-equity ratio?
PETROTEQ ENERGY INC (PQEFF) had a debt-to-equity ratio of 0.23 as of fiscal year 2021, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is PETROTEQ ENERGY INC's return on assets (ROA)?
PETROTEQ ENERGY INC (PQEFF) had a return on assets of -11.7% for fiscal year 2021, measuring how efficiently the company uses its assets to generate profit.
What is PETROTEQ ENERGY INC's P/E ratio?
PETROTEQ ENERGY INC (PQEFF) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2021). The market capitalization is $8.9M as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is PETROTEQ ENERGY INC's price-to-sales ratio?
PETROTEQ ENERGY INC (PQEFF) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $8.9M as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does PETROTEQ ENERGY INC's liquidity compare with its operating cash outflow?
At the end of fiscal year 2021, PETROTEQ ENERGY INC (PQEFF) held $1.0M in cash, cash equivalents and investments, and reported an operating cash outflow of $4.6M over that year. Dividing the one by the other, the reported balance equals about 3 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is PETROTEQ ENERGY INC's Piotroski F-Score?
PETROTEQ ENERGY INC (PQEFF) has a Piotroski F-Score of 3 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are PETROTEQ ENERGY INC's earnings high quality?
PETROTEQ ENERGY INC (PQEFF) reported a net loss of $9.5M while operations used $4.6M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.