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Sky Quarry

SKYQ
3
Oil & Gas Integrated · Energy
Price
$3.80
-0.02 (-0.52%)
Market Cap
$11.4M
Exchange
NASDAQ Global Market
Winston Score
3
Winston is worried
Weak fundamentals across most pillars.

Share count rising — dilution

+16.3% over 3y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 2.4M (2022) → 2.8M (2025)

Sky Quarry Inc. is a small energy company focused on extracting oil from oil sands and reclaiming abandoned or legacy oil fields. Its core business involves processing oil-saturated materials — including waste from old industrial sites — to recover usable crude oil. The company targets domestic U.S. operations and positions itself around environmental remediation as much as traditional oil production.

Sky Quarry earns revenue by selling the crude oil it recovers from these unconventional sources. It is a very small company with a market cap near zero and currently operates at a significant loss, as shown by its deeply negative margins. The dual angle of oil recovery plus site cleanup is meant to be a competitive differentiator, but the company faces serious financial pressure — it burns more cash than it brings in, and scaling this type of operation is expensive and technically difficult. The main risk is whether it can reach profitability before running out of capital.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-100.0% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+49.2% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

Declining (-100% vs prior year)

0.0% of revenue

Below sector average (1%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

0.0%ownership

Relatively low insider ownership

Cash Runway

~2 months

$838,586 cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Short runway — potential dilution ahead through share issuance

Cash watch

Sky Quarry has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin
-107668.7%
Thin — -107668.7% gross margin
Operating Margin
-418972.3%
Losing money on operations — -418972.3%
ROCE
-13.5%
Weak — -13.5% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
-67.1%
Shrinking sales (-67.1% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
0/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-46.1%
Burning cash (-46.1%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
4.95
Heavy debt load (4.95)
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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