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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
On January 28, 2026, Sky Quarry, Inc. announced that Todd Palin and Leo Womack resigned from the company’s Board of Directors, effective the same day, with the company expressing appreciation for their service. The resignations were stated not to arise from any disagreement over Sky Quarry’s operations, policies, or practices, suggesting an orderly board transition with no disclosed governance or strategic conflicts for shareholders or other stakeholders.
The most recent analyst rating on (SKYQ) stock is a Hold with a $0.28 price target. To see the full list of analyst forecasts on Sky Quarry, Inc. stock, see the SKYQ Stock Forecast page.
On January 12, 2026, Sky Quarry Inc. entered into a Controlled Equity Offering Sales Agreement with Cantor Fitzgerald & Co. that allows the company, at its discretion, to issue and sell up to $4.7 million of its common stock through at-the-market or other permitted transactions, with Cantor acting as principal and/or sales agent and earning a commission of up to 3% on gross proceeds. The shares, which may be sold from time to time under an effective shelf registration statement and related prospectus supplement filed with the SEC, give Sky Quarry additional flexibility to raise equity capital, although the company is under no obligation to sell any shares and retains the right to suspend or terminate the offering, potentially affecting future dilution and funding options for existing shareholders and other stakeholders.
The most recent analyst rating on (SKYQ) stock is a Hold with a $0.59 price target. To see the full list of analyst forecasts on Sky Quarry, Inc. stock, see the SKYQ Stock Forecast page.
On January 7, 2026, Sky Quarry, Inc. terminated, without cause, its equity purchase agreement with Varie Asset Management LLC, originally entered into on July 9, 2025, which had allowed the company to compel Varie to buy up to $8.125 million of its common stock under specified conditions. Although Varie had previously received 366,260 shares as consideration for its purchase commitment, Sky Quarry never utilized the facility to sell any additional shares, and determined that ending the agreement immediately—without incurring penalties—was in its best interest as it pursues alternative financing options, signaling a shift in its capital-raising strategy that may affect how the company funds its operations going forward.
The most recent analyst rating on (SKYQ) stock is a Hold with a $0.30 price target. To see the full list of analyst forecasts on Sky Quarry, Inc. stock, see the SKYQ Stock Forecast page.
On December 11, 2025, Sky Quarry, Inc. issued 699,977 shares of its common stock to LendSpark Corporation as part of a settlement agreement to resolve outstanding liabilities of $491,384 owed by its subsidiary, Foreland Refining Corporation. Additionally, LendSpark is set to receive another 699,977 shares, along with 70,000 shares issued for incurred fees, marking a significant move to settle debts and stabilize financial relations.
The most recent analyst rating on (SKYQ) stock is a Sell with a $0.36 price target. To see the full list of analyst forecasts on Sky Quarry, Inc. stock, see the SKYQ Stock Forecast page.
On November 21, 2025, Sky Quarry, Inc. appointed Robert Byrne, Alexander Monje, and Omar Hussein as independent members of its board of directors, filling vacancies created by an earlier expansion of the board in August 2025. These appointments are expected to enhance the company’s strategic direction, given the extensive experience of the new directors in areas such as capital markets, legal affairs, and strategic growth in technology and finance sectors.
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 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.