Quest Water Global Posts $291,413 Q3 Loss as Operating Expenses Double
Quest Water Global, a Delaware-incorporated water technology company, reported a net loss of $291,413 for the three months ending September 30, 2025, more than double the $137,329 loss posted in the same quarter last year.
Quest Water Global, Inc., a Delaware-incorporated water technology company, reported a net loss of $291,413 for the three months ending September 30, 2025, more than double the $137,329 loss posted in the same quarter last year. The company reported no revenue for the quarter. Read more earnings reports.
Operating expenses surged 112% to $291,413 in the third quarter of fiscal 2025, up from $137,329 in the year-ago period. For the nine months ending September 30, 2025, the company's net loss totaled $630,907 compared with $610,054 for the same period in 2024.
The quarterly loss deepened sequentially as well. Quest Water posted a $198,189 loss in the second quarter of fiscal 2025 and a $141,305 loss in the first quarter, showing an accelerating burn rate through the year.
Cash consumption from operations reached $574,352 for the nine months ending September 30, 2025, up 31% from $438,019 in the prior-year period. The company offset this cash drain entirely through financing activities, raising $574,357 during the same nine-month period.
The balance sheet shows total assets of $72,794 as of September 30, 2025, up sharply from $1,533 at year-end 2024. Current assets stood at $6,068 compared with $1,366 nine months earlier. Total liabilities climbed to $3,009,661 from $2,406,693 over the same period.
Stockholders' deficit widened to $2,936,867 as of September 30, 2025, compared with a deficit of $2,405,160 at the end of fiscal 2024. The company's accumulated deficit reached $13,223,903, up from $12,592,996 at year-end.
Quest Water Global had 131,903,029 common shares outstanding as of September 30, 2025, unchanged from year-end 2024. The company reported basic and diluted losses per share of $0.002 for the third quarter, compared with $0.001 per share in the year-ago quarter.
| Metric | Q3 2025 | Q3 2024 | 9M 2025 | 9M 2024 |
|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 |
| Operating Expenses | $291,413 | $137,329 | $630,907 | $610,054 |
| Net Loss | ($291,413) | ($137,329) | ($630,907) | ($610,054) |
| Cash from Operations | — | — | ($574,352) | ($438,019) |
| Cash from Financing | — | — | $574,357 | $438,028 |
| EPS (Basic & Diluted) | ($0.002) | ($0.001) | ($0.005) | ($0.005) |
The company is classified as a non-accelerated filer and qualifies as a small business under securities regulations. Quest Water Global is incorporated in Delaware.