Sky Quarry Inc Financials
This page shows Sky Quarry Inc (SKYQ) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 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).
Financial Health Signals
Sky Quarry Inc passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, Sky Quarry Inc generates $0.51 in operating cash flow (-$7.5M OCF vs -$14.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Sky Quarry Inc earns $-1.2 in operating income for every $1 of interest expense (-$7.5M vs $6.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Sky Quarry Inc's EBITDA was -$7.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 451.7% from the prior year.
Sky Quarry Inc generated -$8.3M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 695.8% from the prior year.
Sky Quarry Inc reported -$14.7M in net income in fiscal year 2024. This represents a decrease of 232.0% from the prior year.
Sky Quarry Inc held $3.3M in cash against $0 in long-term debt as of fiscal year 2024.
Sky Quarry Inc had 19M shares outstanding in fiscal year 2024. This represents an increase of 16.6% from the prior year.
Sky Quarry Inc invested $790K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 18.8% from the prior year.
SKYQ Income Statement
| Metric | Q3'25 | Q3'25 | Q3'25 | Q3'24 | Q3'24 | Q3'24 | Q3'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | $2.4M-48.7% | $4.7M-34.0% | $7.1M | N/A | $4.8M+23.1% | $3.9M-62.8% | $10.4M | N/A |
| Gross Profit | -$1.1M-798.3% | -$117K+83.9% | -$726K | N/A | $96K+119.8% | -$486K-185.3% | $569K | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $1.5M-7.5% | $1.6M-16.3% | $1.9M | N/A | $1.3M+31.7% | $971K-39.6% | $1.6M | N/A |
| Operating Income | -$2.6M-46.7% | -$1.7M+34.7% | -$2.7M | N/A | -$1.2M+18.7% | -$1.5M-40.2% | -$1.0M | N/A |
| Interest Expense | -$1.1M-232.3% | -$319K+64.6% | -$902K | N/A | -$1.3M+37.3% | -$2.1M-60.9% | -$1.3M | N/A |
| Income Tax | $0 | $0 | $0 | N/A | $0 | $0 | $0 | N/A |
| Net Income | -$3.8M-71.6% | -$2.2M+33.7% | -$3.3M | N/A | -$4.4M-24.8% | -$3.6M-44.7% | -$2.5M | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
SKYQ Balance Sheet
| Metric | Q3'25 | Q3'25 | Q3'25 | Q3'24 | Q3'24 | Q3'24 | Q3'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $20.9M-8.5% | $22.8M-7.3% | $24.6M-8.7% | $26.9M+2.3% | $26.3M-2.2% | $26.9M | N/A | $28.2M |
| Current Assets | $2.7M-17.1% | $3.2M-32.2% | $4.7M-5.6% | $5.0M+4.1% | $4.8M | N/A | N/A | $6.4M |
| Cash & Equivalents | $1.2M+21.0% | $976K-3.6% | $1.0M-69.5% | $3.3M+4.2% | $3.2M-34.8% | $4.9M+3.1% | $4.7M+1.0% | $4.7M |
| Inventory | $1.4M-32.3% | $2.0M-4.9% | $2.1M-33.2% | $3.1M+17.2% | $2.7M | N/A | N/A | $2.4M |
| Accounts Receivable | $204K-67.2% | $623K-64.6% | $1.8M+56.4% | $1.1M-26.5% | $1.5M | N/A | N/A | $3.5M |
| Goodwill | $3.2M0.0% | $3.2M0.0% | $3.2M0.0% | $3.2M0.0% | $3.2M | N/A | N/A | $3.2M |
| Total Liabilities | $15.4M+3.1% | $14.9M-0.5% | $15.0M-2.8% | $15.4M-12.8% | $17.7M+3.9% | $17.1M | N/A | $15.1M |
| Current Liabilities | $12.6M+7.1% | $11.7M-2.4% | $12.0M-3.1% | $12.4M-20.5% | $15.6M | N/A | N/A | $12.9M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $5.5M-30.6% | $7.9M-17.9% | $9.6M-16.7% | $11.5M+32.4% | $8.7M-12.2% | $9.9M-10.7% | $11.1M-15.4% | $13.1M |
| Retained Earnings | -$33.3M-12.8% | -$29.5M-8.1% | -$27.3M-13.9% | -$24.0M-21.3% | -$19.8M | N/A | N/A | -$9.2M |
SKYQ Cash Flow Statement
| Metric | Q3'25 | Q3'25 | Q3'25 | Q3'24 | Q3'24 | Q3'24 | Q3'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.3M-1.6% | -$1.2M+37.2% | -$2.0M+31.7% | -$2.9M-42.7% | -$2.0M-46.2% | -$1.4M-12.5% | -$1.2M+57.9% | -$2.9M |
| Capital Expenditures | $52K+446.3% | $10K-71.1% | $33K+107.8% | -$419K-184.8% | $494K+14.4% | $432K+52.8% | $283K+134.5% | -$820K |
| Free Cash Flow | -$1.3M-5.0% | -$1.2M+37.7% | -$2.0M+39.4% | -$3.3M-31.3% | -$2.5M-38.6% | -$1.8M-20.1% | -$1.5M+59.5% | -$3.7M |
| Investing Cash Flow | -$84K-29.5% | -$65K+79.4% | -$316K-175.7% | $418K+179.2% | -$527K+44.1% | -$944K-120.7% | -$428K-174.3% | $575K |
| Financing Cash Flow | $1.5M+228.3% | -$1.2M-4901.6% | -$24K-100.9% | $2.6M+206.6% | $845K-65.8% | $2.5M+44.7% | $1.7M+1.7% | $1.7M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
SKYQ Financial Ratios
| Metric | Q3'25 | Q3'25 | Q3'25 | Q3'24 | Q3'24 | Q3'24 | Q3'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -18.2%-8.5pp | -9.7%+3.9pp | -13.6% | N/A | -16.9%-3.6pp | -13.2% | N/A | N/A |
| Current Ratio | 0.21-0.1 | 0.27-0.1 | 0.39-0.0 | 0.40+0.1 | 0.31 | N/A | N/A | 0.50 |
| Debt-to-Equity | 2.82+0.9 | 1.90+0.3 | 1.57+0.2 | 1.34-0.7 | 2.04+0.3 | 1.73 | N/A | 1.15 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: The current ratio is below 1.0 (0.40), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
Is Sky Quarry Inc profitable?
No, Sky Quarry Inc (SKYQ) reported a net income of -$14.7M in fiscal year 2024.
What is Sky Quarry Inc's EBITDA?
Sky Quarry Inc (SKYQ) had EBITDA of -$7.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Sky Quarry Inc's free cash flow?
Sky Quarry Inc (SKYQ) generated -$8.3M in free cash flow during fiscal year 2024. This represents a -695.8% 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 Sky Quarry Inc's operating cash flow?
Sky Quarry Inc (SKYQ) generated -$7.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Sky Quarry Inc's total assets?
Sky Quarry Inc (SKYQ) had $26.9M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Sky Quarry Inc's capital expenditures?
Sky Quarry Inc (SKYQ) invested $790K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Sky Quarry Inc have outstanding?
Sky Quarry Inc (SKYQ) had 19M shares outstanding as of fiscal year 2024.
What is Sky Quarry Inc's current ratio?
Sky Quarry Inc (SKYQ) had a current ratio of 0.40 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Sky Quarry Inc's debt-to-equity ratio?
Sky Quarry Inc (SKYQ) had a debt-to-equity ratio of 1.34 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Sky Quarry Inc's return on assets (ROA)?
Sky Quarry Inc (SKYQ) had a return on assets of -54.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Sky Quarry Inc's cash runway?
Based on fiscal year 2024 data, Sky Quarry Inc (SKYQ) had $3.3M in cash against an annual operating cash burn of $7.5M. This gives an estimated cash runway of approximately 5 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Sky Quarry Inc's Piotroski F-Score?
Sky Quarry Inc (SKYQ) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Sky Quarry Inc's earnings high quality?
Sky Quarry Inc (SKYQ) has an earnings quality ratio of 0.51x, considered low quality (accrual-driven). 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.
Can Sky Quarry Inc cover its interest payments?
Sky Quarry Inc (SKYQ) has an interest coverage ratio of -1.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.