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SKYQSKY QUARRY INC.

Is Sky Quarry struggling financially?

Yes, by its own account. Sky Quarry told the SEC on 31 Mar 2026, in Form 10-K, that there is substantial doubt about its ability to continue as a going concern.

Going concern disclosed Mar 2026

30/100

Fragile

Sector
Industrial/Cyclical
Market cap
$24.3M
Source filing
10-K 31 Mar 2026
Balance sheet
30 Jun 2026

Cash runway

  • 23months

    If the burn speeds up

    Empty by May 2028

  • 33months

    If it eases off

    Empty by Mar 2029

Both rows are the same reported burn flexed 15% either way, and neither assumes the company raises a cent.

Out of cashTwo years or more

The runway math

Cash and short-term investments

$8.0M

÷

Cash burned over the last 12 months

$3.4M

What Sky Quarry told the SEC

…of each risk factor contained in “Part I, Item 1A. Risk Factors.” 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…

SKY QUARRY INC., Form 10-K, filed 31 Mar 2026.

Read the filing on SEC.gov

What this means

  • Not a bankruptcy filing, and not a prediction.
  • It is the company’s own statement, agreed with its auditor, that the doubt is material enough to disclose.
  • The runway is arithmetic on two reported numbers, not a forecast. Companies carry this language for years, raise money and keep going.

What else the numbers show

  • Cash burn is narrowing It is spending 73% less cash per year than it was, so the runway above is lengthening rather than shortening.

Other Industrial/Cyclical companies that filed the doubt