Every 10-Q that APPLIED ENERGETICS INC (AERG) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow AERG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AERG filings page.
Applied Energetics, Inc. reported very limited revenue and widening losses for the six months ended June 30, 2026. Revenue was $62,000, down sharply from $280,088 a year earlier as two U.S. government contracts remain unfunded and work under them is suspended.
The company recorded a net loss of $8,086,485, compared with $6,891,415 in the prior-year period, driven by higher general and administrative expenses of $6,700,295 and increased research and development spending of $1,074,275, partly offset by lower selling and marketing costs. Operating cash outflow was $5,124,054.
At June 30, 2026, cash and cash equivalents were $1,116,916, working capital was $811,352, and total assets were $4,069,180. Management states that recurring losses, negative operating cash flow and reliance on new capital raise substantial doubt about the company’s ability to continue as a going concern. The company is pursuing additional equity financing and continues to invest heavily in its ultrashort pulse laser and directed energy technologies.
Applied Energetics, Inc. reported a sharp deterioration in its first quarter ended March 31, 2026. Revenue fell to $0 from $209,753 a year earlier after government contracts became unfunded, while the company continued funding related work as internal R&D.
Operating expenses rose to $3,830,108, driven mainly by higher general and administrative costs and stock-based compensation, leading to a net loss of $3,807,723 versus $3,105,666 in 2025. Cash declined to $4,064,093 from $6,436,082 at year-end, with negative operating cash flow of $2,296,313, though working capital remained about $3.7 million.
Management discloses that recurring losses, limited contract activity, and reliance on raising capital create “substantial doubts” about the company’s ability to continue as a going concern. Internal control over financial reporting and disclosure controls are also deemed ineffective due to segregation-of-duties and policy weaknesses the company is starting to remediate.
Applied Energetics (AERG) filed its Q3 2025 10-Q, highlighting a sharp revenue contraction and mounting losses as key government contracts paused funding. Q3 revenue was $108,984 versus $747,720 a year ago, producing a net loss of $3,971,157. For the first nine months, revenue was $389,072 versus $1,662,598 last year, with a net loss of $10,862,572.
Management disclosed “substantial doubt” about the company’s ability to continue as a going concern. Operating cash outflow was $6,617,654 year-to-date. The company ended the quarter with cash of $1,332,225 and working capital of $895,225. To support liquidity, AERG completed a private placement earlier in 2025 for approximately $6,004,250 and recorded $2,999,997 as deferred equity financing at quarter-end. Subsequent to quarter close, it raised a further $10,789,999 in a private sale.
Two defense-related contracts ceased receiving funds in Q2 2025, driving the revenue decline, while the company continued investing in its ultrashort pulse laser programs and disclosed a milestone exceeding one gigawatt peak optical power. As of November 11, 2025, 223,447,852 common shares were outstanding.