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Sky Quarry, Inc.
(NASDAQ:SKYQ)
Sky Quarry, Inc. (SKYQ) vs. SPDR S&P 500 ETF (SPY)
Sky Quarry, Inc. Business Overview & Revenue Model
Sky Quarry, Inc. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 16.40M | 23.36M | 50.73M | 16.29M |
| Gross Profit | -4.09M | -1.40M | 2.34M | 3.49M |
| EBITDA | -8.32M | -7.33M | -379.92K | -1.32M |
| Net Income | -13.54M | -14.73M | -4.44M | -2.71M |
Balance Sheet | ||||
| Total Assets | 20.85M | 26.95M | 28.18M | 26.85M |
| Cash, Cash Equivalents and Short-Term Investments | 362.52K | 385.12K | 326.82K | 572.20K |
| Total Debt | 9.37M | 10.94M | 10.18M | 3.30M |
| Total Liabilities | 15.39M | 15.45M | 15.09M | 10.47M |
| Stockholders Equity | 5.46M | 11.50M | 13.09M | 16.38M |
Cash Flow | ||||
| Free Cash Flow | -4.92M | -8.97M | -2.07M | -7.99M |
| Operating Cash Flow | -4.86M | -7.49M | -376.06K | -2.72M |
| Investing Cash Flow | -47.63K | -1.48M | -731.94K | -9.27M |
| Financing Cash Flow | 2.91M | 7.62M | 4.46M | 11.68M |
Sky Quarry, Inc. Technical Analysis
Sky Quarry, Inc. Peers Comparison
Sky Quarry, Inc. Corporate Events
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.
On November 4, 2025, Sky Quarry, Inc. held its Annual Meeting of Stockholders where several key proposals were approved. These included the election of four directors, an amendment to increase authorized common stock from 100 million to 2 billion shares, authorization for a reverse stock split, an amendment to the 2020 Stock Plan to increase shares for issuance, and the ratification of Tanner LLC as the independent registered public accounting firm for 2025. These decisions are poised to significantly impact the company’s capital structure and governance, potentially affecting its market positioning and shareholder value.
The most recent analyst rating on (SKYQ) stock is a Sell with a $0.50 price target. To see the full list of analyst forecasts on Sky Quarry, Inc. stock, see the SKYQ Stock Forecast page.
In July 2025, Foreland Refining Corporation, a wholly-owned subsidiary of Sky Quarry, Inc., initiated an offering of its Series A 10% Redeemable Preferred Stock under Regulation C. By October 1, 2025, Foreland completed the sale of 1,182 shares, raising $416,700 from the sale of 4,167 shares, with plans to continue the offering to reach up to $1,235,000. The Preferred Stock offers a 10% annual dividend and a royalty payment tied to crude oil sales, with redemption terms varying based on the duration held. This strategic financial move aims to bolster Foreland’s capital structure, potentially enhancing its market position and providing attractive returns to investors.
The most recent analyst rating on (SKYQ) stock is a Sell with a $0.50 price target. To see the full list of analyst forecasts on Sky Quarry, Inc. stock, see the SKYQ Stock Forecast page.
Sky Quarry Inc. received a notification from Nasdaq on September 25, 2025, granting an additional 180-day period until March 23, 2026, to comply with the Minimum Bid Price Requirement of $1.00 per share. The company had initially failed to meet this requirement as its stock price fell below $1.00 for 30 consecutive days. The extension was granted because Sky Quarry met other listing requirements and expressed intent to rectify the issue. If compliance is not achieved by the deadline, the company risks delisting but can appeal the decision.
The most recent analyst rating on (SKYQ) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Sky Quarry, Inc. stock, see the SKYQ Stock Forecast page.
On August 29, 2025, Sky Quarry, Inc. issued a convertible promissory note worth $175,000 to Varie Asset Management LLC, with a maturity date of August 29, 2027, and an interest rate of 14% per annum. The note can be converted into common stock at a conversion price of $0.48 per share, with a floor price of $0.40. Additionally, a warrant was issued to Varie to purchase 70,000 shares at $0.48 per share, exercisable for 24 months. On August 28, 2025, the company’s board terminated CEO Mr. Sealock’s employment and appointed Marcus Laun as the interim CEO, indicating a significant leadership change.
The most recent analyst rating on (SKYQ) stock is a Sell with a $0.50 price target. To see the full list of analyst forecasts on Sky Quarry, Inc. stock, see the SKYQ Stock Forecast page.
Sky Quarry Inc., an emerging growth 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 June 30, 2025, Sky Quarry Inc. reported a net loss of $5.54 million, a slight improvement from the $6.03 million loss in the same period last year. Despite an increase in net sales to $10.87 million, the company faced challenges with higher costs of goods sold and operating expenses, leading to a negative gross margin. Key financial metrics highlighted include a decrease in total assets to $22.8 million from $26.9 million at the end of 2024, and a significant increase in accumulated deficit to $29.5 million. The company also noted its ongoing efforts to secure additional financing to support its operations and growth plans. Looking ahead, Sky Quarry Inc. management remains focused on addressing its financial challenges by closely monitoring expenses, refinancing existing debt, and exploring new capital opportunities to sustain its operations and commercialize its extraction technology.