Breakdown | TTM | Dec 2024 | Dec 2023 |
---|---|---|---|
Income Statement | |||
Total Revenue | 15.06M | 23.36M | 50.73M |
Gross Profit | -3.03M | -1.40M | 2.34M |
EBITDA | -5.92M | -7.33M | -379.92K |
Net Income | -9.75M | -14.73M | -4.44M |
Balance Sheet | |||
Total Assets | 22.80M | 26.95M | 28.18M |
Cash, Cash Equivalents and Short-Term Investments | 173.79K | 385.12K | 326.82K |
Total Debt | 10.33M | 10.94M | 10.18M |
Total Liabilities | 14.94M | 15.45M | 15.09M |
Stockholders Equity | 7.87M | 11.50M | 13.09M |
Cash Flow | |||
Free Cash Flow | -3.58M | -8.97M | -2.07M |
Operating Cash Flow | -3.60M | -7.49M | -376.06K |
Investing Cash Flow | 36.66K | -1.48M | -731.94K |
Financing Cash Flow | 1.36M | 7.62M | 4.46M |
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.
On August 4, 2025, Darryl Delwo resigned from his position as CFO of Sky Quarry, Inc., potentially impacting the company’s financial leadership and strategic direction.
On July 24, 2025, Sky Quarry Inc.’s subsidiary, Foreland Refining Corporation, issued a secured promissory note worth $1,000,000 to KF Business Ventures, LP. As part of the deal, Sky Quarry provided 500,000 shares of common stock and warrants for 2,000,000 additional shares as an incentive. The note, maturing on November 24, 2025, carries a 30% annual interest rate and is secured by the assets of another subsidiary, 2020 Resources LLC. This financial maneuver is significant for Sky Quarry as it involves extending the term of previous warrants and allocating a substantial portion of proceeds from ongoing offerings to repay this and other notes, indicating a strategic focus on managing financial obligations.
On July 23, 2025, Sky Quarry Inc. announced a crowdfunding campaign by its subsidiary, Foreland Refining Corporation, to capitalize on shifting fuel markets in the Western U.S. The campaign aims to support refinery upgrades, improve efficiency, and integrate recycled heavy oil from future operations. This initiative reflects Sky Quarry’s commitment to sustainable energy solutions and positions the company to influence the future of digital securities and decentralized finance.