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Sky Quarry Inc. 10-Q Filings

SKYQ NASDAQ

Every 10-Q that Sky Quarry Inc. (SKYQ) 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 SKYQ 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 SKYQ filings page.

Rhea-AI Summary

Sky Quarry Inc. reports a challenging first half of 2026 with its Eagle Springs refinery still not restarted after an extended outage, resulting in minimal revenue and continued losses. Net sales for the six months were $383 compared with $10,874,439 a year earlier, producing a gross loss and a six‑month net loss of $6,375,621.

Total assets rose to $28,327,888 at June 30, 2026, driven largely by capitalized PR Springs development and a significant equity raise, while cash increased to $7,226,564. Over the six months, the company generated $12,539,949 of net proceeds from at‑the‑market common stock sales and added $896,866 of new notes payable, but used $5,413,699 of cash in operations.

The accumulated deficit widened to $42,542,109, and management discloses material uncertainties that may cast significant doubt on the ability to continue as a going concern, noting that additional financing and a successful refinery restart are needed to meet obligations. Common shares outstanding increased sharply to 8,782,035, reflecting substantial equity issuance and debt conversions.

Rhea-AI Summary

Sky Quarry Inc. (Nasdaq: SKYQ) filed its Q3 2025 10‑Q, reporting softer sales and continued losses alongside a going concern uncertainty. For the quarter, net sales were $1,336,963 versus $4,846,795 a year ago, producing a gross loss and a net loss of $3,790,684. Year‑to‑date, net sales were $12,211,402 versus $19,174,369 in 2024, and net loss totaled $9,333,028 with basic and diluted loss per share of $0.44.

Liquidity remains tight. Cash was $362,517 and restricted cash $818,001 as of September 30, 2025. Operating cash flow used was $1,982,648 year‑to‑date. Total assets were $20,851,903, liabilities $15,390,982, and shareholders’ equity $5,460,921. Current obligations include lines of credit of $1,246,359 and current maturities of notes payable of $6,479,157, with $7,672,904 due in less than one year. Management disclosed material uncertainties that may cast significant doubt on the company’s ability to continue as a going concern.

Other items: inventory declined to $1,352,741; warrant liability revalued to $338,381; and oil and gas properties under construction were $8,751,917 with no impairment recognized. Shares outstanding were 24,776,381 as of November 13, 2025.

Rhea-AI Summary

Sky Quarry Inc. reported items from its Form 10-Q showing capital-raising activity and certain cash and warrant accounting entries. The company closed a Regulation A offering on September 29, 2022 generating $18,195,838 in gross proceeds. The filing discloses issuance terms including 3,333,333 shares at $6.00 per share, up to 4,852,224 common shares underlying warrants exercisable at $4.50, and 1,666,667 shares issuable on exercise of Offering Warrants tied to the 2021 Reg A Offering. The company recorded a revaluation of a Purchase Warrant liability with the fair-value adjustment recognized as a loss on debt modification. For operating cash flows, the filing shows positive cash flows from operations of $1,233,822 for the reported period and reports lease liability accretion amounts of $4,781 and $8,472 for the six months ended June 30, 2025 and 2024, respectively.