Here are the 10-Q quarterly reports from Factorial Energy Inc. (FAC) in our archive since June 2025, 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 FAC 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 FAC filings page.
Factorial Energy Inc. reports unaudited results for the quarter and six months ended June 30, 2026, its first period after completing a de‑SPAC merger with Cartesian Growth Corporation III and PIPE financing. The transaction, accounted for as a reverse recapitalization, generated approximately $112.1 million in gross proceeds, with $20.1 million in transaction costs, and converted all former preferred stock, warrants for preferred stock, and convertible notes into Series A Common Stock. Shares outstanding rose to 91,510,501 Series A and 15,512,742 Series B as of August 7, 2026.
Factorial, an early‑stage solid‑state battery developer, ended June 30, 2026 with $112.8 million in cash and cash equivalents and total assets of $142.7 million, compared with $28.9 million and $62.8 million at December 31, 2025. Management states that, after the de‑SPAC and PIPE proceeds, existing cash is expected to be sufficient to meet working capital and capital expenditure needs for at least twelve months, alleviating prior substantial doubt about going concern.
The company remains loss‑making, with a net loss of $11.3 million for the quarter and $19.9 million for the first half of 2026, versus $10.6 million and $23.4 million in the prior‑year periods. Operating expenses for the six‑month period were $19.5 million, largely research and development and selling, general and administrative costs. Operating cash outflow was $11.4 million for the first half, partly offset by $92.0 million of net financing cash inflows from the recapitalization and PIPE. A new warrant liability for Series A Common Stock of $44.6 million was recognized, and total stockholders’ equity improved from a deficit of $(221.4) million to positive $85.0 million.