Sky Quarry, Inc. ( (SKYQ) ) has released its Q3 earnings. Here is a breakdown of the information Sky Quarry, Inc. presented to its investors.
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Sky Quarry Inc., a development-stage company in the oil production and environmental remediation sector, focuses on recycling waste asphalt shingles and remediating oil-saturated soils to reduce landfill dependency and crude oil extraction. In its latest earnings report for the quarter ending September 30, 2025, Sky Quarry Inc. reported a net loss of $3.79 million, reflecting a challenging period with declining revenues and increased operating expenses. The company’s total assets decreased to $20.85 million from $26.95 million at the end of 2024, with significant reductions in inventory and restricted cash. Key financial metrics indicated a decrease in net sales to $1.34 million from $4.85 million in the same quarter last year, while operating expenses rose to $1.5 million. Despite these challenges, Sky Quarry continues to invest in its oil and gas properties, with total capitalized costs reaching $8.75 million. Looking ahead, Sky Quarry’s management remains focused on securing additional financing and refinancing current debt to support its growth and commercialization plans, although uncertainties remain regarding its ability to meet financial obligations without further capital infusion.