Sky Quarry Inc

skyquarry.com

What Do They Do?

Refines crude oil into diesel, vacuum gas oil and asphalt for refinery customers. Develops a process to turn waste asphalt shingles and oil-saturated sands into refined products and paving material.

Who Are Their Customers?

Customers are generally refineries that use its products as feedstock. Sales are arranged through purchase orders or, in some cases, master services agreements.

Customers above 10% of revenue, FY2025

of revenue from three customers (33%, 31%, 24%)

FY2024: 80% from three customers

Do Revenues Turn Into Profits?

No. It lost $12.2M in .

Operating income,

−74% of revenue

▲ +23% (Loss) vs (−$7.5M, −32%)

Net income,

−98% of revenue

▼ −17% (Loss) vs (−$14.7M, −63%)

Free cash flow,

−27% of revenue

▼ −58% (Loss) vs (−$8.2M, −35%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Net income: ▲ +84% (Loss); vs −$2.2M in Q2 FY2025

Aug 21, 2026 Heidi C. Bowman appointed chief financial officer Her appointment took effect immediately.

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