Applied Energetics, Inc. filed its quarterly report on Form 10-Q for the period ended September 30, 2026, with the SEC on November 13, 2026, disclosing a net loss of $12,387,924 for the nine months ended September 30, 2026.

Key Highlights

  • Nine-month net loss: Applied Energetics reported a net loss of $12,387,924 for the nine months ended September 30, 2026, compared to $10,862,572 for the same period in 2025.
  • Third-quarter revenue: Revenue for the three months ended September 30, 2026 was $106,000, down from $108,984 in the prior-year quarter.
  • Stockholders' deficit: Total stockholders' equity turned negative at $(1,068,422) as of September 30, 2026, compared to positive $7,559,770 at December 31, 2025.
  • Advances for future equity issuance: Current liabilities included $3,500,000 in advances for future equity issuance as of September 30, 2026, which were absent at December 31, 2025.
  • Cash position: Cash and cash equivalents declined to $1,528,548 at September 30, 2026, from $6,436,082 at December 31, 2025.
  • Shares outstanding: As of November 12, 2026, there were 224,434,884 shares of common stock outstanding, par value $0.001 per share.
  • Research and development expenses: R&D expenses for the nine months ended September 30, 2026 were $2,156,956, up from $1,115,075 in the same period of 2025.

Applied Energetics Financial Results for the Quarter and Nine Months Ended September 30, 2026

According to the filing, Applied Energetics, Inc. (OTCQB:AERG) reported revenue of $106,000 for the three months ended September 30, 2026, compared to $108,984 for the same quarter in 2025. For the nine-month period, revenue was $168,000, down from $389,072 in the prior-year period. Gross profit for the nine months was $132,812, compared to $224,259 in 2025, the company disclosed.

Total operating expenses for the nine months ended September 30, 2026 were $12,563,266, versus $11,081,635 for the comparable 2025 period, according to the filing. General and administrative expenses were $9,784,552 for the nine-month period, while research and development expenses rose to $2,156,956 from $1,115,075. The operating loss for the nine months ended September 30, 2026 was $(12,430,454), the registrant reported.

On the balance sheet, total assets fell to $4,338,077 at September 30, 2026, from $9,064,658 at December 31, 2025, the filing stated. Total liabilities increased to $5,406,499 from $1,504,888 over the same period, driven in part by $3,500,000 in advances for future equity issuance recorded as a current liability. The accumulated deficit reached $147,249,906 as of September 30, 2026, up from $134,861,982 at December 31, 2025. Net loss per common share, basic and diluted, was $(0.05) for the nine months ended September 30, 2026, consistent with the prior-year period, according to the filing.

What Was Disclosed

Applied Energetics filed a Form 10-Q for the nine months ended September 30, 2026, disclosing a net loss of $12,387,924, declining cash, a shift to stockholders' deficit, and $3,500,000 in advances for future equity issuance recorded as a current liability.