REalloys Inc. filed a Form 10-Q with the U.S. Securities and Exchange Commission on November 13, 2026, covering the quarterly period ended September 30, 2026, disclosing a net loss of $174,075 thousand for the nine months ended September 30, 2026, alongside significant changes in capital structure following a February 2026 reverse recapitalization.

Key Highlights

  • Nine-month net loss: The company reported a net loss of $174,075 thousand for the nine months ended September 30, 2026, compared to $29,531 thousand for the same period in 2025.
  • Q3 net loss: Net loss for the three months ended September 30, 2026 was $30,539 thousand, versus $25,588 thousand in Q3 2025.
  • Revenue growth: Net revenues for the nine months ended September 30, 2026 were $1,923 thousand, up from $626 thousand in the prior-year period; Q3 revenues were $413 thousand versus $186 thousand.
  • Total assets increased: Total assets rose to $197,373 thousand as of September 30, 2026, from $93,389 thousand as of December 31, 2025.
  • Cash position: Cash was $116,182 thousand as of September 30, 2026, compared to $2,824 thousand at December 31, 2025.
  • Shares outstanding: The company had 69,666,671 shares of common stock outstanding as of November 8, 2026.
  • General and administrative expenses: G&A expenses for the nine months ended September 30, 2026 were $151,719 thousand, compared to $29,213 thousand in the prior-year period.

REalloys Q3 2026 Financials: Losses Widen Amid Capital Raises and Recapitalization

According to the filing, REalloys Inc. (NASDAQ:ALOY), a Nevada-incorporated company headquartered in Boca Raton, Florida, reported a net loss of $30,539 thousand for the three months ended September 30, 2026, and a net loss of $174,075 thousand for the nine months ended September 30, 2026. The basic and diluted net loss per share for the nine-month period was $(2.83), on weighted-average shares of 61,527,891. The filing notes that share and per share amounts have been retroactively restated to reflect the 0.4129 exchange ratio applied in the February 24, 2026 reverse recapitalization.

The company disclosed that the primary driver of operating losses was general and administrative expense, which totaled $151,719 thousand for the nine months ended September 30, 2026. Additional line items for the period included stock-based compensation expense of $64,830 thousand recorded in the equity statement, an impairment expense of $6,394 thousand, and accretion of discount on issuance of Series C Preferred Stock of $9,220 thousand. Total operating expenses for the nine-month period were $157,191 thousand, against net revenues of $1,923 thousand, resulting in a loss from operations of $155,268 thousand.

The balance sheet reflects material changes in the company's capital structure. Total liabilities declined to $19,740 thousand as of September 30, 2026, from $56,049 thousand at December 31, 2025, primarily due to the elimination of contingent consideration of $34,561 thousand and SAFE liabilities. Total stockholders' equity increased to $177,633 thousand from $35,834 thousand. The company raised capital during the period through several transactions disclosed in the equity rollforward, including issuance of common stock net of offering costs totaling approximately $47,011 thousand in Q1 and $95,400 thousand in Q2, and conversion of Special Warrants for $38,000 thousand. Mineral Properties remained at $50,532 thousand on both balance sheet dates.

What Was Disclosed

REalloys Inc. filed its Form 10-Q for the quarter ended September 30, 2026, reporting a nine-month net loss of $174,075 thousand, revenues of $1,923 thousand, total assets of $197,373 thousand, and 69,666,671 shares outstanding as of November 8, 2026, following a February 2026 reverse recapitalization.