Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data Sky Quarry Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2024
FY2024
FY2025
Cost of revenue
48.4
24.8
15.6
Gross profit
2.34
-1.4
-3.1
General and administrative
3.7
6.12
6.14
Operating expenses
3.71
6.13
6.15
Operating income
-1.37
-7.52
-9.25
Other non-operating income
-3.25
-7.21
-2.95
Income tax
-0.19
0
0
Net income
-4.44
-14.7
-12.2
EBITDA
-1.36
-7.52
-9.24
Balance sheet
FY2024
FY2024
FY2025
Cash and equivalents
4.68
3.31
0.81
Receivables
3.52
1.12
0
Inventory
2.44
3.15
0.68
Other current assets
0.11
0.34
0.61
Total current assets
6.4
5
1.33
Property, plant and equipment
6.29
6.16
5.09
Lease right-of-use assets
0.18
1.12
0.04
Goodwill
3.21
3.21
3.21
Total assets
28.2
26.9
19.2
Accounts payable
4.75
2.78
2.67
Total current liabilities
12.9
12.4
15.1
Lease liabilities
0.12
0.08
0
Total liabilities
15.1
15.4
16
Paid-in capital
22.5
35.7
39.6
Retained earnings
-9.24
-24
-36.2
Other comprehensive income
-0.2
-0.21
-0.21
Shareholders' equity
13.1
11.5
3.19
Total equity
13.1
11.5
3.19
Total liabilities and equity
28.2
26.9
19.2
Shares outstanding
16.3
2.38
3.23
Cash flow statement
FY2024
FY2024
FY2025
Net income
-4.62
-14.7
-12.2
Depreciation and amortization
0.01
0.01
0.01
Stock-based compensation
0.63
0.63
0.66
Deferred income tax
-0.19
0
0
Change in receivables
0.72
2.39
1.12
Change in inventory
1
-0.71
2.47
Change in payables
-1.04
-0.86
2.35
Cash from operations
-0.38
-7.49
-3.27
Capital expenditures
-0.66
-0.69
-0.13
Cash from investing
-0.73
-1.48
-0.37
Stock issued
0.03
11.3
0
Cash from financing
4.46
7.62
1.13
Exchange rate effect
-0.02
-0.01
-0
Net change in cash
3.33
-1.37
-2.51
Free cash flow
-1.04
-8.18
-3.41
Interest paid
3.53
6.52
0.72
Income taxes paid
0
0.03
0.01
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $2.60 on September 28, 2026.
Profitability
Metric
Value
How it is calculated
Return on equity (ROE)
-110.8%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-46.0%
Net income / average total assets.
Return on invested capital (ROIC)
-189.3%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Growth
Metric
Value
How it is calculated
Book value growth, 1y
-72.3%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
-28.7%
Total assets vs the same period a year earlier. Only from a positive base.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.74x
Current assets / current liabilities.
Quick ratio
0.57x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.57x
(Cash + short-term investments) / current liabilities.
Market cap + total debt - cash - short-term investments.
P/B
1.95x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
2.69x
Market cap / tangible book value, when positive.
FCF yield
-39.6%
Free cash flow / market cap.
Earnings yield
-56.7%
Net income / market cap (the inverse of P/E).
Was Sky Quarry Inc. profitable in fiscal 2025?
No. It reported a net loss of $12.2M.
How much free cash flow did Sky Quarry Inc. generate in fiscal 2025?
Cash from operations of $3.3M minus capital expenditures of $133.6K left free cash flow of -$3.4M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.