SKYQ on Nasdaq

Sky Quarry Inc.

American hazardous waste management company based in Woods Cross2

In its 2026 annual report the company says: “We operate a regional refinery (the Eagle Springs Refinery) producing diesel, vacuum gas oil (VGO), naphtha and liquid paving asphalt from crude oil suppliers in the Uintah basin near Nevada and Utah.”4 Its shares trade on Nasdaq under the symbol SKYQ.2

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Last updated Oct 20, 2026.

Overview

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  • TickerSKYQ on Nasdaq2
  • IndustryHazardous Waste Management2
  • HeadquartersWoods Cross, United States2
  • Incorporated inDE3
  • Business address707 W. 700 S., Suite 101, Woods Cross, Ut 840873
  • Filer category, Emerging growth company3
  • Legal formCorporation2
  • LEI984500E77CD1BD1WC0962
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressCORPORATION TRUST CENTER 1209 ORANGE ST, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 74517192

We operate a regional refinery (the Eagle Springs Refinery) producing diesel, vacuum gas oil (VGO), naphtha and liquid paving asphalt from crude oil suppliers in the Uintah basin near Nevada and Utah. In addition to our goal of growing the refinery, we have a separate division in the development-stage (P.R. Springs) formed to deploy technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated sands and soil, providing sustainable refined crude products. We anticipate several benefits from the recycling and production of oil from asphalt shingles reducing the dependence on landfills for the disposal of waste and reducing dependence on foreign oil.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Gross profit56-$3.1M in 2025
-$4.0M-$2.0M0$2.0M$4.0M2023: $2.3M$2.3M20232024: -$1.4M-$1.4M20242025: -$3.1M-$3.1M2025+122%
Operating income56-$9.2M in 2025+576% since 2023
-$10.0M-$7.5M-$5.0M-$2.5M02023: -$1.4M-$1.4M20232024: -$7.5M-$7.5M2024+450%2025: -$9.2M-$9.2M2025+23%
Net income56-$12.2M in 2025+175% since 2023
-$15.0M-$10.0M-$5.0M02023: -$4.4M-$4.4M20232024: -$14.7M-$14.7M2024+232%2025: -$12.2M-$12.2M2025−17%

Every line of the income statement as filed: the last 2 fiscal years, latest first.6

Period ending2025-12-312024-12-31
Net sales$12.5M$23.4M
Cost of goods sold$15.6M$24.8M
Gross margin-$3.1M-$1.4M
General and administrative$6.1M$6.1M
Depreciation and amortization$9.8K$5.9K
Total operating expenses$6.1M$6.1M
Loss from operations-$9.2M-$7.5M
Loss on issuance of private placement$0-$1.9M
Interest expense-$3.2M-$6.5M
Loss on extinguishment of debt-$103.9K-$241.3K
Gain on warrant revaluation$361.6K$1.5M
Other income (expense)-$46.4K$35.6K
Gain (loss) on disposal of assets$1.7K-$25.1K
Other expense, net-$2.9M-$7.2M
Loss before provision for income taxes-$12.2M-$14.7M
Provision for income taxes$0$0
Net loss-$12.2M-$14.7M
Exchange loss on translation of foreign operations-$694-$8.2K
Net loss and comprehensive loss-$12.2M-$14.7M
Loss per common share - Basic and diluted-4 shares-6 shares
Weighted average number of shares outstanding - basic and diluted2.8M shares2.4M shares

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Corporate structure

Sky Quarry Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Sky Quarry Inc.

  • JPMorgan Chase Filed SCHEDULE 13G/A on Sky Quarry Inc., latest Jul 7, 2026 (3 filings since Oct 30, 2024)
  • Janey Mae Baker Filed SCHEDULE 13G on Sky Quarry Inc., latest Mar 27, 2026 (2 filings since Feb 7, 2025)
  • ALLEGHENY MANUFACTURING, LLC Filed SCHEDULE 13G on Sky Quarry Inc., latest Apr 28, 2025
  • Sky Quarry Inc. Woods Cross, Utah, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Sky Quarry Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$7.8M6 Dec 31, 2025$7.7M6 Dec 31, 2024+1.3%
Accumulated depreciation$2.7M6 Dec 31, 2025$1.5M6 Dec 31, 2024+77.4%
Property and equipment, net$5.1M6 Dec 31, 2025$6.2M6 Dec 31, 2024−17.4%
Operating-lease assets (leased space)$35.2K6 Dec 31, 2025$1.1M6 Dec 31, 2024−96.8%
Oil and gas properties$8.8M6 Dec 31, 2025$8.5M6 Dec 31, 2024+2.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$3.2M6 Dec 31, 2025$3.2M6 Dec 31, 20240%

Inventory

ItemLatestA year beforeChange
Inventory, total$678.4K6 Dec 31, 2025$3.1M6 Dec 31, 2024−78.5%

Properties, in its own words

Our principal executive offices are located at 707 W. 700 S. Suite 101, Woods Cross, UT 84087 and our telephone number is (424) 394-1090. We believe that our offices are sufficient for our current operations.

Item 2 of the 10-K filed Mar 31, 2026.4

Leadership

Who has led Sky Quarry Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (9)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorTravis Schneider named Sep 21, 202321

Timeline

  1. Oct 9, 20268-K Entered a material agreement; Unregistered sale of shares22
  2. Sep 24, 20268-K Regulation FD disclosure; Other events23
  3. Sep 22, 20268-K Shareholder vote24
  4. Aug 21, 20268-K Executive or director change25
  5. Jul 30, 20268-K Regulation FD disclosure26
  6. Jul 21, 20268-K Executive or director change27
  7. Jul 2, 20268-K Entered a material agreement; Ended a material agreement; New debt or obligation28
  8. Jun 22, 20268-K Regulation FD disclosure; Other events29
  9. May 29, 2026New chief executive Matthew C. Flemming becomes CEO9
  10. Apr 22, 20268-K Regulation FD disclosure30
  11. Apr 22, 20268-K Entered a material agreement31
  12. Mar 30, 20268-K Listing notice or transfer32
  13. Mar 5, 20268-K Change to shareholders' rights; Bylaws or fiscal year changed; Regulation FD disclosure33
  14. Nov 7, 2025New chief executive Marcus G. Laun becomes CEO10
  15. Oct 8, 2024New chief executive David Sealock becomes CEO11
  16. Jun 4, 2019Founded Sky Quarry Inc. is founded2

Calendar

Coming up

  1. Nov 13, 2026Reports results for the quarter ending Sep/202634

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

174 filings to the SEC since October 2021: 5 annual reports, 6 quarterly reports, 33 major events, 40 insider forms, 6 large holders, 1 private raises, 83 other. The latest 20:

  1. Oct 9, 20268-K SKY QUARRY INC. - FORM 8-K SEC FILING EDGAR
  2. Sep 24, 20268-K SKY QUARRY INC. - FORM 8-K SEC FILING EDGAR
  3. Sep 22, 20268-K SKY QUARRY INC. - FORM 8-K SEC FILING EDGAR
  4. Sep 18, 2026424B5 FORM 424B5 FILING EDGAR
  5. Sep 4, 2026DEFA14A FORM DEFA14A FILING EDGAR
  6. Aug 21, 20263 PRIMARY DOCUMENT EDGAR
  7. Aug 21, 20268-K SKY QUARRY INC. - FORM 8-K SEC FILING EDGAR
  8. Aug 13, 202610-Q SKY QUARRY INC. - FORM 10-Q SEC FILING EDGAR
  9. Aug 6, 2026DEFA14A FORM DEFA14A FILING EDGAR
  10. Aug 6, 2026DEF 14A FORM DEF 14A FILING EDGAR
  11. Jul 30, 20268-K SKY QUARRY INC. - FORM 8-K SEC FILING EDGAR
  12. Jul 24, 2026PRE 14A FORM PRE 14A FILING EDGAR
  13. Jul 21, 20268-K SKY QUARRY INC. - FORM 8-K SEC FILING EDGAR
  14. Jul 7, 2026SCHEDULE 13G/A EDGAR
  15. Jul 2, 20268-K SKY QUARRY INC. - FORM 8-K SEC FILING EDGAR
  16. Jun 22, 20268-K SKY QUARRY INC. - FORM 8-K SEC FILING EDGAR
  17. May 29, 20264 PRIMARY DOCUMENT EDGAR
  18. May 29, 20264 PRIMARY DOCUMENT EDGAR
  19. May 29, 20264 PRIMARY DOCUMENT EDGAR
  20. May 29, 20264 PRIMARY DOCUMENT EDGAR

The 174 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

18 open-market trades by officers, directors and large owners since October 2021: 1 buys and 17 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Dec 1, 2025Sealock DavidSale40,500$0.41$16.6KForm 4
Nov 26, 2025Sealock DavidSale100,000$0.35$35.0KForm 4
Nov 25, 2025Sealock DavidSale100,000$0.37$37.0KForm 4
Nov 7, 2025Sealock DavidSale38,062$0.40$15.2KForm 4
Nov 5, 2025Sealock DavidSale20,405$0.41$8.4KForm 4
Nov 3, 2025Sealock DavidSale109,698$0.45$49.4KForm 4
Oct 31, 2025Sealock DavidSale81,835$0.46$37.6KForm 4
Oct 28, 2025Sealock DavidSale100,000$0.49$49.0KForm 4
Oct 21, 2025Sealock DavidSale68,557$0.43$29.5KForm 4
Oct 20, 2025Sealock DavidSale131,433$0.45$59.1KForm 4
Sep 24, 2025Sealock Valeria VigasSale1,124,800$0.43$483.7KForm 4
Sep 23, 2025Sealock Valeria VigasSale100,000$0.44$44.0KForm 4
Sep 8, 2025Delwo DarrylSale110,000$0.73$80.3KForm 4
Sep 8, 2025Delwo SherrieSale81,473$0.66$53.4KForm 4
Aug 22, 2025Delwo SherrieSale23$0.48$11Form 4
Aug 21, 2025Delwo SherrieSale4$0.48$2Form 4
Aug 20, 2025Delwo SherrieSale18,800$0.45$8.5KForm 4
Dec 3, 2024LAUN MARCUS GInterim CEO, Pres, Interim CFOBuy1,200$0.94$1.1KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Marcus LaunInterim Chief Executive Officer, Interim Chief Financial Officer, President$225.0K$337.6K38
2025Matthew FlemmingExecutive Chairman$20.8K$260.4K38
2025David SealockFormer Chief Executive Officer$150.0K$253.1K38
2025Darryl DelwoFormer Chief Financial Officer$112.5K38
2024David SealockFormer Chief Executive Officer$206.2K38
2024Marcus LaunInterim Chief Executive Officer, Interim Chief Financial Officer, President$206.2K38
2024Darryl DelwoFormer Chief Financial Officer$175.5K38

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Sep 21, 2023Filed a private offering of securities Form D: $12 million offered in all Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
UBS Group AG50,179$184.2K0.0%+46,253
Vanguard Capital Management LLC32,729$120.1K0.0%+17,933
Geode Capital Management, LLC32,592$119.6K0.0%+5,258
State Street Corp11,200$41.1K0.0%New
Vanguard Fiduciary Trust Co11,183$41.0K0.0%No change
Bank Of Montreal /can/10,000$36.7K0.0%New
StoneX Group Inc.10,516$33.4K0.0%New
Financial Management Professionals, Inc.8,900$32.7K0.0%New
Tower Research Capital LLC (TRC)3,745$13.7K0.0%+2,336
Mcguire Capital Advisors Inc2,000$7.3K0.0%New
Seneschal Advisors, LLC625$2.3K0.0%New
Royal Bank Of Canada666$2.0K0.0%−33
Steward Partners Investment Advisory, LLC262$9620.0%No change
Jones Financial Companies Lllp191$5500.0%No change
Huntington National Bank125$4590.0%No change
Investors Research Corp16$590.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Sky Quarry Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSky Quarry Inc.1
  • CIK0001812447
  • Employer ID (EIN)84-18030914
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)4955 Hazardous Waste Management1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address707 W. 700 S., Suite 101, Woods Cross, UT 840871
  • Phone424-394-10901
  • Shares outstanding8,833,390 as of Aug 12, 20268
  • Public float$13.7M as of 4
  • AuditorTanner LLP, Lehi, Utah PCAOB ID 2704
  • On EDGAR sinceJul 7, 20211
  • Filings182 in all: 8-K (33), 4 (30), CORRESP (14), 144 (11), 3 (11), UPLOAD (9), 1-A/A (7), 10-Q (6)1
    All 35 form types

    253G2 (5), 1-A POS (4), 1-SA (4), 1-U (4), QUALIF (4), SCHEDULE 13G (4), 1-K (3), 10-K/A (3), 424B5 (3), 1-A (2), 1-SA/A (2), 10-K (2), 253G1 (2), DEF 14A (2), DEFA14A (2), EFFECT (2), PRE 14A (2), S-1/A (2), 424B3 (1), 8-A12B (1), CERT (1), D (1), S-1 (1), S-3 (1), S-8 (1), SC 13G (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2026
    Quarterly report (10-Q) Aug 13, 2026
    Proxy statement (DEF 14A) Aug 6, 2026
    Latest 8-K (8-K) Oct 9, 2026

Risk factors and legal proceedings

The risks Sky Quarry Inc. names in Item 1A of its 10-K filed Mar 31, 2026: 52 risks under these headings, as written.4

  • General Risks Related to our Business
  • Our recurring losses from operations raise substantial doubt regarding our ability to continue as a going concern. Our ability to continue as a going concern requires that we obtain sufficient funding to finance our operations.
  • We have outstanding debt that is past due and we are not currently making full payments to certain of our lenders pursuant to outstanding loans and merchant cash advance agreements which could result in our lenders declaring the loans to be in default.
  • We have a limited operating history upon which you can evaluate our performance, have a history of losses and have only been operating the Eagle Springs Refinery since September 30, 2022. Accordingly, our prospects must be considered in light of the risks that any new company encounters.
  • We depend on several significant customers, and a loss of one or more significant customers could adversely affect our results of operations.
  • We depend on several principal suppliers for the majority of our crude oil. A disruption in supply or a change in our relationship with any one of them could adversely affect our business, financial condition and results of operations.
  • Our future success is dependent on the continued service of our management team.
  • The issuance of shares of our common stock as compensation to officers, directors, employees and consultants could have an adverse effect on our operating results and a dilutive effect on our shareholders.
  • We entered into financing arrangements that contain covenants that could limit our ability to engage in certain transactions.
  • Acquisition opportunities may present themselves that in hindsight did not achieve the positive results anticipated by our management.
  • Environmental and regulatory compliance may impose substantial costs on us.
  • We may be exposed to third party liability and environmental liability in the operation of our business.
The other 41 risks
  • We rely on technology to conduct our business, and our technology could become ineffective or obsolete.
  • An overall decline in the health of the economy and other factors impacting consumer spending, such as recessionary conditions, governmental instability, inclement weather, and natural disasters, may affect consumer purchases, which could reduce demand for our products and harm our business, financial condition, and results of operations.
  • We are exposed to the impact of rising inflation rates, which could negatively affect our results of operations and our ability to invest and hold our cash.
  • Failure to maintain an effective system of disclosure controls and procedures and internal control over financial reporting, or our failure to remediate our existing material weaknesses in our internal control over financial reporting, could have a material adverse effect on our results of operations, financial condition and cash flows.
  • We have engaged in transactions with related parties, and such and other transactions in the future could present conflicts of interest that could have a material adverse effect on our results of operations, financial condition and cash flows.
  • Our financial results may fluctuate from quarter to quarter due to certain maintenance requirements.
  • Disruptions or breaches of our IT systems, due to cyber-attacks or otherwise, could cause us to lose financial and operational data, prevent us from efficiently operating our business and cause us to lose revenue and profits or incur significant costs.
  • If our estimates or judgments relating to our critical accounting policies prove to be incorrect, our results of operations could be adversely affected.
  • Risks Related to Asphalt Shingle Recycling
  • The nature of our waste asphalt shingle recycling operations may involve various risks.
  • Our ECOSolv Technology May Not Work as Expected.
  • The viability of our asphalt shingle recycling and reclamation business plan, business operations, and future operating results and financial condition are and will be exposed to fluctuating prices for our end-products.
  • Because of the speculative nature of asphalt shingle recycling, there is a risk that our business may not succeed.
  • The price for asphalt cement, shingle granules, sand aggregate, limestone and/or fiberglass is subject to a variety of factors that are beyond our control.
  • The market for asphalt cement, shingle granules, sand aggregate, limestone and/or fiberglass may be highly competitive, and intensely competitive pressures could force us to abandon or curtail our business plan related to asphalt shingle recycling and reclamation.
  • Decommissioning costs are unknown and may be substantial. Unplanned costs could divert resources from other projects.
  • We may have difficulty marketing or distributing the asphalt cement, shingle granules, sand aggregate, limestone and/or fiberglass we may produce, which could harm our financial condition.
  • We do not yet have a market for the anticipated recycled products that we expect to generate from our PR Spring Facility.
  • Our shingle remediation activities will be dependent upon having an available supply of waste asphalt shingles from waste haulers, shingle manufacturers or other third parties.
  • Risks Related to Oil Sands Exploration
  • We do not have any proven oil reserves.
  • The price of oil has historically been volatile.
  • Oil sands development involves many risks.
  • Risks Related to Oil Refining and Fuels Production
  • Volatility in crude oil and wholesale diesel prices affect our business, financial condition and results of operations.
  • There are difficulties in operating an oil refinery which could adversely affect our business, financial condition and results of operations.
  • A significant decrease in demand for diesel and gasoline, including increased consumer preference for alternative fuels or improvements in fuel efficiency, in the areas we serve would materially affect our revenues and profitability.
  • The industries in which we operate are subject to seasonal trends, which may cause our operating costs to fluctuate, affecting our cash flow.
  • Our operations are subject to stringent environmental laws and regulations that may expose us to significant costs and liabilities that could exceed current expectations.
  • A climate-related decrease in demand for crude oil could negatively affect our business.
  • Our business operations may be materially adversely affected by negative impacts to the global economy, capital markets, or other geopolitical conditions resulting from economic uncertainty, armed conflicts, acts of terrorism, political unrest or health epidemics.
  • Risks Related to Ownership of our Common Stock
  • We may not be able to maintain a listing of our common shares on Nasdaq.
  • We received a notice of noncompliance with the Nasdaq Capital Market minimum bid price requirement, and if we do not regain compliance by March 23, 2026, our common stock may be delisted; although our stockholders have approved a reverse stock split, there is no assurance that such action will restore or maintain compliance.
  • The market price of our stock may be highly volatile, and you could lose all or part of your investment.
  • An active, liquid trading market for our common stock may not be sustained, which may make it difficult for you to sell the common stock you purchase.
  • Since we do not expect to pay any cash dividends for the foreseeable future, investors may be forced to sell their stock in order to obtain a return on their investment.
  • If securities industry analysts do not publish research reports on us, or publish unfavorable reports on us, then the market price and market trading volume of our common stock could be negatively affected.
  • Future issuances of our common stock or securities convertible into, or exercisable or exchangeable for, our common stock, or the expiration of lock-up agreements that restrict the issuance of new common stock or the trading of outstanding common stock, could cause the market price of our common stock to decline and would result in the dilution of your holdings.
  • Future issuances of debt securities, which would rank senior to our common stock upon our bankruptcy or liquidation, and future issuances of preferred stock, which could rank senior to our common stock for the purposes of dividends and liquidating distributions, may adversely affect the level of return you may be able to achieve from an investment in our common stock.
  • We expect to raise additional capital through equity and/or debt offerings to support our working capital requirements and operating losses.
  • If our shares of common stock become subject to the penny stock rules, it would become more difficult to trade our shares.
  • We are subject to ongoing public reporting requirements that are less rigorous than Exchange Act rules for companies that are not emerging growth companies, and our stockholders could receive less information than they might expect to receive from more mature public companies.
  • We are also a smaller reporting company within the meaning of the Securities Act, and if we take advantage of certain exemptions from disclosure requirements available to smaller reporting companies, this could make our
  • securities less attractive to investors and may make it more difficult to compare our performance with other public companies.

Legal proceedings

From time to time, we have in the past and may in the future become subject to legal proceedings or claims arising in the ordinary course of our business. Except as described below, we are not currently a party to any legal proceedings, the outcome of which, if determined adversely, we believe would individually or in aggregate have a material adverse effect on our business, financial condition or results of operations.

KF Business Ventures

On March 4, 2026, KF Business Ventures, LP (“KF Business”), a California limited partnership, filed a complaint against Company, Foreland Refining Corp., a Texas corporation and wholly owned subsidiary of the Company, and 2020 Resources LLC, a Delaware limited liability company and wholly owned subsidiary of the Company, in the Third Judicial District Court of Salt Lake County, Utah.

The complaint arises from several contractual arrangements between KF Business and the defendants. First, KF Business alleges that the Company breached an Advisory Agreement dated December 2, 2024, pursuant to which the Company agreed to pay KF Business $10,500 plus $10,500 of the Company’s Common Stock per month in exchange for business advisory services. KF Business alleges that the Company has failed to pay $126,000 in cash and 41,096 shares of Common Stock owed through February 2026, with monthly payments continuing to accrue.

The opening of Item 3, Legal Proceedings.4

Sources

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