Sky Quarry Inc.
SKYQ Nasdaq Hazardous Waste Management Financials FY2023–FY2025
Revenue
Total sales reported in the income statement.
−$3.2M
vs prior year
Operating margin
Operating income as a share of revenue.
292.4%
177.0 pts
Net income
Profit after all expenses, interest and tax.
−$12.2M
Free cash flow
Cash from operations minus capital spending.
−$3.4M
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
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Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
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What Sky Quarry Inc. does
No business description yet.
- Legal name
- Sky Quarry Inc.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 31, 2026
- Accession · CIK
- 0001096906-26-000438
0001812447
Revenue and margins
Sky Quarry Inc. had −$3.2M of revenue in fiscal 2025.
FY23
Revenue −$3.6M
FY24
Revenue −$6.5M
FY25
Revenue −$3.2M
Q3 '23
Revenue −$1.9M
Q4 '23
Revenue −$1.8M
Q1 '24
Revenue −$1.3M
Q2 '24
Revenue −$2.1M
Q3 '24
Revenue −$1.3M
Q4 '24
Revenue −$1.7M
Q1 '25
Revenue −$0.9M
Q2 '25
Revenue −$0.3M
Q3 '25
Revenue −$1.1M
Q4 '25
Revenue −$0.9M
Q1 '26
Revenue −$0.3M
Q2 '26
Revenue −$0.3M
FY23
Gross −64.3%
Operating 37.6%
Net 121.9%
FCF 28.6%
FY24
Gross 21.4%
Operating 115.4%
Net 226.0%
FCF 125.6%
FY25
Gross 98.0%
Operating 292.4%
Net 385.7%
FCF 107.7%
Gross
Operating
Net
FCF
Q3 '23
Gross −143.7%
Operating −68.8%
Net 31.2%
FCF —
Q4 '23
Gross 186.7%
Operating 180.4%
Net 268.8%
FCF 114.7%
Q1 '24
Gross −43.5%
Operating 79.5%
Net 188.2%
FCF 115.2%
Q2 '24
Gross 23.1%
Operating 69.3%
Net 169.2%
FCF 85.9%
Q3 '24
Gross −7.3%
Operating 89.8%
Net 336.7%
FCF 190.1%
Q4 '24
Gross 90.4%
Operating 220.4%
Net 241.2%
FCF 135.2%
Q1 '25
Gross 80.5%
Operating 295.4%
Net 369.8%
FCF 250.7%
Q2 '25
Gross 36.7%
Operating 546.2%
Net 693.0%
FCF 307.1%
Q3 '25
Gross 99.2%
Operating 241.0%
Net 357.9%
FCF 123.2%
Q4 '25
Gross 132.0%
Operating 251.3%
Net 314.0%
FCF 145.7%
Q1 '26
Gross 116.5%
Operating 480.4%
Net 694.7%
FCF 309.0%
Q2 '26
Gross 196.2%
Operating 736.5%
Net 1,160.3%
FCF 1,553.8%
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY23
Net income −$4.4M
FY24
Net income −$14.7M
FY25
Net income −$12.2M
Q3 '23
Net income −$0.6M
Q4 '23
Net income −$4.9M
Q1 '24
Net income −$2.5M
Q2 '24
Net income −$3.6M
Q3 '24
Net income −$4.4M
Q4 '24
Net income −$4.2M
Q1 '25
Net income −$3.3M
Q2 '25
Net income −$2.2M
Q3 '25
Net income −$3.8M
Q4 '25
Net income −$2.9M
Q1 '26
Net income −$2.3M
Q2 '26
Net income −$4.1M
FY23
Diluted EPS —
FY24
Diluted EPS —
FY25
Diluted EPS —
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY23
Return on capital —
Return on equity −33.9%
Return on assets −15.7%
FY24
Return on capital —
Return on equity −119.8%
Return on assets −53.4%
FY25
Return on capital —
Return on equity −166.1%
Return on assets −52.9%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was −$3.4M in fiscal 2025, 107.7% of revenue. Cash from operations minus capital spending.
FY23
Free cash flow −$1.0M
FY24
Free cash flow −$8.2M
FY25
Free cash flow −$3.4M
Q3 '23
Free cash flow —
Q4 '23
Free cash flow −$2.1M
Q1 '24
Free cash flow −$1.5M
Q2 '24
Free cash flow −$1.8M
Q3 '24
Free cash flow −$2.5M
Q4 '24
Free cash flow −$2.4M
Q1 '25
Free cash flow −$2.3M
Q2 '25
Free cash flow −$1.0M
Q3 '25
Free cash flow −$1.3M
Q4 '25
Free cash flow −$1.3M
Q1 '26
Free cash flow −$1.0M
Q2 '26
Free cash flow −$5.4M
FY23
Cash from operations −$0.4M
Capital spending $0.7M
FY24
Cash from operations −$7.5M
Capital spending $0.7M
FY25
Cash from operations −$3.3M
Capital spending $0.1M
Cash from operations
Capital spending
Q3 '23
Cash from operations —
Capital spending —
Q4 '23
Cash from operations −$2.9M
Capital spending −$0.8M
Q1 '24
Cash from operations −$1.2M
Capital spending $0.3M
Q2 '24
Cash from operations −$1.4M
Capital spending $0.4M
Q3 '24
Cash from operations −$2.0M
Capital spending $0.5M
Q4 '24
Cash from operations −$2.9M
Capital spending −$0.5M
Q1 '25
Cash from operations −$2.0M
Capital spending $0.3M
Q2 '25
Cash from operations −$1.2M
Capital spending −$0.3M
Q3 '25
Cash from operations −$1.3M
Capital spending $0.1M
Q4 '25
Cash from operations −$1.3M
Capital spending $0.0M
Q1 '26
Cash from operations −$0.6M
Capital spending $0.4M
Q2 '26
Cash from operations −$5.4M
Capital spending $0.0M
Cash from operations
Capital spending
Dividends, buybacks and share count
Sky Quarry Inc. returned — to shareholders in fiscal 2025. The diluted share count rose 0.0%.
FY23
Dividends —
Buybacks —
FY24
Dividends —
Buybacks —
FY25
Dividends —
Buybacks —
Dividends
Buybacks
FY23
Diluted shares —
FY24
Diluted shares —
FY25
Diluted shares —
Balance sheet
Cash, debt and the ratios that show how comfortably Sky Quarry Inc. can carry it.
FY23
Cash $4.7M
Debt —
FY24
Cash $3.3M
Debt —
FY25
Cash $0.8M
Debt —
Cash
Debt
| Fiscal year end | FY23 | FY24 | FY25 |
|---|---|---|---|
| Cash and short-term investments | $4.7M | $3.3M | $0.8M |
| Current ratio | 0.5x | 0.4x | 0.1x |
| Quick ratio | 0.3x | 0.1x | 0.0x |
| Total assets | $28.2M | $26.9M | $19.2M |
| Total liabilities | $15.1M | $15.4M | $16.0M |
| Shareholders' equity | $13.1M | $11.5M | $3.2M |
| Net debt (− = net cash) | — | — | — |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income is positive | ✕ | ✕ | ✕ |
| Cash from operations is positive | ✕ | ✕ | ✕ |
| Return on assets rose | — | ✕ | ✕ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ |
| Debt fell relative to assets | — | — | — |
| Current ratio rose | — | ✕ | ✕ |
| Share count didn't rise | — | — | — |
| Gross margin rose | — | — | — |
| Revenue rose relative to assets | — | ✕ | ✓ |
| F-score | — / 3 | — / 6 | — / 6 |
| Accruals ratio | −14.4% | −26.3% | −38.7% |
| Altman Z'' | −1.99 | −5.80 | −13.87 |
3 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY23 | FY24 | FY25 |
|---|---|---|---|
| Income statement | |||
| Revenue | −$3.6M | −$6.5M | −$3.2M |
| Net interest income | −$3.6M | −$6.5M | −$3.2M |
| Gross profit | $2.3M | −$1.4M | −$3.1M |
| Operating income | −$1.4M | −$7.5M | −$9.2M |
| Income tax | −$0.2M | $0.0M | $0.0M |
| Net income | −$4.4M | −$14.7M | −$12.2M |
| Cash flow | |||
| Cash from operations | −$0.4M | −$7.5M | −$3.3M |
| Capital expenditure | $0.7M | $0.7M | $0.1M |
| Free cash flow | −$1.0M | −$8.2M | −$3.4M |
| Depreciation and amortization | $0.0M | $0.0M | $0.0M |
| Stock-based compensation | $0.6M | $0.6M | $0.7M |
| Balance sheet | |||
| Cash and short-term investments | $4.7M | $3.3M | $0.8M |
| Finance lease liabilities | — | $1.0M | — |
| Current assets | $6.4M | $5.0M | $1.3M |
| Current liabilities | $12.9M | $12.4M | $15.1M |
| Inventory | $2.4M | $3.1M | $0.7M |
| Property and equipment, net | $6.3M | $6.2M | $5.1M |
| Goodwill | $3.2M | $3.2M | $3.2M |
| Total assets | $28.2M | $26.9M | $19.2M |
| Total liabilities | $15.1M | $15.4M | $16.0M |
| Preferred stock | $0.0M | $0.0M | — |
| Shareholders' equity | $13.1M | $11.5M | $3.2M |
| Margins | |||
| Gross margin | −64.3% | 21.4% | 98.0% |
| Operating margin | 37.6% | 115.4% | 292.4% |
| EBITDA margin | 37.4% | 115.4% | 292.1% |
| Net margin | 121.9% | 226.0% | 385.7% |
| FCF margin | 28.6% | 125.6% | 107.7% |
| Net interest share of revenue | 100.0% | 100.0% | 100.0% |
| Returns | |||
| Return on capital employed | −8.9% | −51.7% | −225.9% |
| Return on equity | −33.9% | −119.8% | −166.1% |
| Return on assets | −15.7% | −53.4% | −52.9% |
| Return on tangible equity | −44.9% | −177.7% | — |
| Financial health | |||
| Current ratio | 0.5x | 0.4x | 0.1x |
| Quick ratio | 0.3x | 0.1x | 0.0x |
| Capital allocation | |||
| Capex / revenue | −18.3% | −10.6% | −4.2% |
| Stock comp / revenue | −17.4% | −9.7% | −20.8% |
| Quality scores | |||
| Altman Z'' | −2.0 | −5.8 | −13.9 |
| Accruals ratio | −14.4% | −26.3% | −38.7% |
Source: SEC EDGAR XBRL filings (CIK 0001812447). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.