S
Sky Quarry Inc.
Period
FY 2025
Revenue
—
Net Income
$-12.20M
Total Assets
$19.21M
Equity
$3.19M
Shares Out
4.79M
Op. Cash Flow
$-3.27M
Business
Sky Quarry Inc. operates a regional refinery (Eagle Springs Refinery) in Nevada producing diesel, vacuum gas oil, naphtha, and asphalt paving liquids from crude oil sourced from the Uintah Basin. The company also operates a development-stage facility (PR Spring) designed to recycle waste asphalt shingles and remediate oil-saturated sands using proprietary ECOSolv technology to produce refined crude products and asphalt paving aggregates. Products are sold through short-term and long-term contracts to established customers and on the spot market.
Summary from 10-K filed 2026-03-31
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Net sales | 12 | 23 | 51 | |
| Cost of goods sold | 16 | 25 | 48 | |
| Gross margin | −3 | −1 | 2 | |
| General and administrative | 6 | 6 | 4 | |
| Depreciation and amortization | 9,817 | 5,889 | 5,303 | |
| Total operating expenses | 6 | 6 | 4 | |
| Loss from operations | −9 | −8 | −1 | |
| Loss on issuance of private placement | 0 | −2 | 0 | |
| Interest expense | −3 | −7 | −4 | |
| Loss on extinguishment of debt | −103,881 | −241,311 | −205,425 | |
| Gain on warrant revaluation | 361,581 | 1 | 0 | |
| Other income (expense) | −46,387 | 35,637 | 26,008 | |
| Gain (loss) on disposal of assets | 1,652 | −25,075 | — | |
| Other expense, net | −3 | −7 | −3 | |
| Loss before provision for income taxes | −12 | −15 | −5 | |
| Provision for income taxes | 0 | 0 | 185,535 | |
| Net loss | −12 | −15 | −4 | |
| Exchange loss on translation of foreign operations | −694 | −8,203 | −24,185 | |
| Net loss and comprehensive loss | −12 | −15 | −4 | |
| Loss per common share - Basic and diluted | −4.41 | −6.19 | −0.27 | |
| Weighted average number of shares outstanding - basic and diluted | 3 | 2 | 16 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Cash | 35,370 | 385,116 | 326,822 | — | |
| Accounts receivables | 4,688 | 1 | 4 | 4 | |
| Prepaid expenses and other assets | 609,257 | 339,124 | 114,387 | — | |
| Inventory | 678,365 | 3 | 2 | — | |
| Total current assets | 1 | 5 | 6 | — | |
| Property, plant and equipment | 5 | 6 | 6 | — | |
| Oil and gas properties | 9 | 9 | 8 | 7 | |
| Restricted cash | 770,335 | 3 | 4 | — | |
| Right-of-use-asset | 35,214 | 1 | 184,548 | — | |
| Goodwill | 3 | 3 | 3 | — | |
| Total assets | 19 | 27 | 28 | — | |
| Accounts payable and accrued expenses | 5 | 4 | 5 | — | |
| Current portion of operating lease liability | 36,278 | 38,422 | 69,777 | — | |
| Current portion of finance lease liability | 0 | 16,120 | 0 | — | |
| Warrant liabilities | 97,486 | 459,067 | 0 | 0 | |
| Lines of credit | 1 | 1 | 3 | — | |
| Current portion of notes payable | 9 | 7 | 5 | — | |
| Total current liabilities | 15 | 12 | 13 | — | |
| Notes payable, net of current portion | 907,081 | 2 | 2 | — | |
| Operating lease liability, net of current portion | 0 | 77,824 | 116,246 | — | |
| Finance lease liability, net of current portion | 0 | 971,690 | 0 | — | |
| Total liabilities | 16 | 15 | 15 | — | |
| Common Stock $0.0001 par value: 2,000,000,000 shares authorized: 3,233,329 and 2,378,401 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 2,586 | 1,903 | 1,630 | — | |
| Additional paid in capital | 40 | 36 | 23 | — | |
| Accumulated other comprehensive loss | −212,788 | −209,708 | −201,505 | — | |
| Accumulated deficit | −36 | −24 | −9 | — | |
| Total shareholders' equity | 3 | 11 | 13 | 16 | |
| Total liabilities and shareholders' equity | 19 | 27 | 28 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Depreciation and amortization | 1 | 793,449 | 564,639 | |
| Amortization of debt issuance costs | 1 | 4 | 3 | |
| Amortization of ROU asset | 78,488 | 90,990 | 37,925 | |
| Loss on issuance of warrants | 0 | 2 | 0 | |
| Loss (gain) on the sale of assets | −1,652 | 25,075 | — | |
| Accounts receivable | 1 | 2 | 719,595 | |
| Prepaid expenses and other assets | −82,633 | −224,738 | 155,114 | |
| Inventory | 2 | −712,055 | 1 | |
| Accounts payable and accrued expenses | 2 | −857,802 | −1 | |
| Operating lease liability | −79,968 | −69,777 | −36,450 | |
| Net cash and restricted cash and cash equivalents used in operating activities | −3 | −7 | −376,062 | |
| Proceeds from sale of assets | 14,060 | 0 | 961,400 | |
| Purchase of property, plant, and equipment | −133,636 | −691,491 | −664,556 | |
| Purchase of oil and gas development assets | −248,483 | −789,762 | — | |
| Net cash and restricted cash and cash equivalents used in investing activities | −368,059 | −1 | −731,937 | |
| Proceeds on lines of credit | 10 | 37 | 61 | |
| Payments on lines of credit | −10 | −38 | −58 | |
| Proceeds from note payable | 3 | 19 | 18 | |
| Payments on note payable | −2 | −17 | −13 | |
| Debt discount on notes payable | 0 | −3 | −4 | |
| Payments on finance leases | 0 | −34,417 | 0 | |
| Proceeds on issuance of preferred stock | 0 | 308,000 | 614,804 | |
| Preferred stock offering costs | 0 | −40,874 | −474,681 | |
| Proceeds on issuance of common stock | 374 | 11 | 28,739 | |
| Common stock offering costs | 0 | −2 | 0 | |
| Payment of debt issuance costs | −85,470 | 0 | — | |
| Net cash and restricted cash and cash equivalents provided by financing activities | 1 | 8 | 4 | |
| Effects of exchange rate on cash | −3,080 | −8,203 | −24,185 | |
| Increase (decrease) in cash and restricted cash and cash equivalents | −3 | −1 | 3 | |
| Cash paid for interest | 715,453 | 7 | 4 | |
| Cash paid for taxes | 5,788 | 25,099 | 85 | |
| Issuance of warrants as loan origination costs | 720,988 | 5 | 0 | |
| Acquisition of right-of-use assets through financing lease | 0 | 1 | 0 | |
| Disposal of right-of-use assets and associated financing lease | 980,072 | 0 | — | |
| Conversion of debt | 481,899 | 107,506 | 0 |
Filings
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Frequently asked questions
What is Sky Quarry Inc.'s CIK number?
Sky Quarry Inc.'s SEC CIK number is 0001812447 (1812447). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Sky Quarry Inc.'s SEC filings?
All of Sky Quarry Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.