Every 10-Q that MMEX RESOURCES CORP (MMEX) 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 MMEX 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 MMEX filings page.
MMEX Resources Corp (MMEX) reported no revenue for the quarter ended July 31, 2026 and a net loss attributable to common shareholders of $791,710, compared with a loss of $436,139 a year earlier. Total assets increased to $3.33 million, driven mainly by a higher cash balance, while total liabilities were $6.99 million, leaving a stockholders’ deficit of $3.66 million.
The company had $1.66 million in cash but a working capital deficit of $3.39 million, and disclosed substantial doubt about its ability to continue as a going concern. MMEX raised $3.8 million from selling non‑controlling interests in subsidiaries, improving its deficit position. All 50 billion authorized common shares are either issued or reserved, limiting flexibility for new equity issuance. During the quarter, Texas regulators issued an air permit for the first 30,000 barrel‑per‑day Pecos UltraClean refinery.
MMEX Resources Corporation reported another loss-making quarter with no revenue. For the three months ended January 31, 2026, the company generated no revenues and recorded a net loss of $349,850, improving from a loss of $531,555 a year earlier. For the nine-month period, the net loss was $1,150,687, compared with $1,458,224 in the prior-year period, largely due to lower general and administrative and interest expenses.
At January 31, 2026, MMEX had total assets of $992,431 against total liabilities of $7,337,580, resulting in a stockholders’ deficit of $6,345,149. Cash was only $1,428, with a working capital deficit of $5,693,315. Current liabilities include multiple promissory and convertible notes, several of which are in default, and substantial related-party balances.
The company had 22,295,726,723 common shares outstanding as of January 31, 2026, up from 11,340,977,507 at April 30, 2025, mainly from conversions of debt and stock issued for services. All 50,000,000,000 authorized common shares are issued or reserved. Management states that recurring losses, limited cash, significant debt and the working capital deficit raise substantial doubt about MMEX’s ability to continue as a going concern.
MMEX Resources Corporation reported results for the quarter ended October 31, 2025, with no revenues and a net loss of $364,698 for the quarter and $800,837 for the six months. Operating expenses declined year over year as consulting costs were reduced, but the company continues to fund development-stage clean fuels and hydrogen projects without generating sales.
Liquidity is very tight: cash was $546 and the working capital deficit was $5,450,133 at October 31, 2025. Total liabilities were $6,991,250, and the accumulated deficit reached $84,021,686, resulting in a stockholders’ deficit of $5,995,299. Management states these conditions raise substantial doubt about MMEX’s ability to continue as a going concern.
The capital structure is highly leveraged and dilutive. Common shares outstanding more than doubled from 11,340,977,507 to 22,295,726,723 during the six months, driven mainly by conversions of related-party and other convertible notes exceeding $700,000 of principal. Several notes and convertible notes are in default, the company is involved in ongoing litigation with Sabby Volatility Warrant Master Fund, and all authorized common shares are issued or reserved. After quarter end, MMEX entered into a related-party convertible line of credit of up to $1,000,000.
MMEX Resources Corp reported severe near-term liquidity stress and multiple note defaults. The company had $59 cash and a working capital deficit of $5,145,510 at July 31, 2025, raising substantial doubt about its ability to continue as a going concern. Several convertible notes carrying an effective 18% in lieu of interest were issued and recorded with debt discounts and attached warrants; multiple notes went into default when maturities passed without extension. The company recorded losses on extinguishment of debt and allocated material proceeds to warrants, increasing potential dilution. The filing also references large authorized share counts and reserved shares related to litigation and conversions.