Viking Global Technologies, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, reporting a nine-month net loss of $5,126,959 and no revenue for either the three or nine months ended September 30, 2026.

Key Highlights

  • No revenue recorded: According to the filing, the company reported $0 in revenue for both the three and nine months ended September 30, 2026, compared to $6,229,335 in revenue for the nine months ended September 30, 2025.
  • Nine-month net loss: The filing reported a net loss of $5,126,959 for the nine months ended September 30, 2026, of which $4,974,755 was attributable to Viking Global Technologies, Inc.
  • Accumulated deficit: The accumulated deficit stood at $217,876,136 as of September 30, 2026, up from $212,901,381 as of December 31, 2025.
  • Total stockholders' deficit: The company disclosed total stockholders' deficit of $(48,480,775) as of September 30, 2026, compared to $(43,368,722) as of December 31, 2025.
  • Total liabilities exceeded assets: Total liabilities were $68,241,459 against total assets of $19,760,684 as of September 30, 2026.
  • Shares outstanding: As of November 9, 2026, the registrant had 281,786,525 shares of common stock outstanding.
  • Cash position declined: Cash and cash equivalents fell to $132,799 as of September 30, 2026, from $279,525 as of December 31, 2025.

Viking Global Technologies Reports Deepening Deficit and No Operating Revenue in Third Quarter 2026

Viking Global Technologies, Inc. (formerly Camber Energy, Inc.), headquartered at 12 Greenway Plaza, Suite 1100, Houston, TX 77046, filed its quarterly report covering the period ended September 30, 2026. The filing notes that the company's securities are not registered on any national exchange, with the cover page indicating "None" under the registered securities table. The company reported no revenue from power generation units, parts, or service and repairs for either the three-month or nine-month periods ended September 30, 2026, a sharp contrast to the $6,229,335 in total revenue recorded in the comparable nine-month period of 2025.

According to the filing, total operating expenses for the nine months ended September 30, 2026 were $1,807,469, consisting entirely of general and administrative expenses of $1,807,469, resulting in a loss from operations of $1,807,469. Additional losses came from interest expense of $1,301,676 and amortization of debt discount of $2,406,588 for the nine-month period. A change in fair value of investment contributed $375,639 in other income during the same period. The company's net cash used in operating activities was $987,593 for the nine months ended September 30, 2026.

The balance sheet as of September 30, 2026 showed total current liabilities of $66,008,162, including $47,754,564 in current portion of long-term debt net of debt discount, up substantially from $1,202,956 at December 31, 2025. The company disclosed intangible assets associated with Variable Interest Entities of $15,433,536 and an investment in an unconsolidated entity of $3,199,765. The filing also noted stock-based compensation of $14,806 for the nine months ended September 30, 2026, and proceeds from exercise of warrants of $100.

What Was Disclosed

Viking Global Technologies filed a 10-Q for the quarter ended September 30, 2026, disclosing zero revenue, a nine-month net loss of $5,126,959, an accumulated deficit of $217,876,136, and total stockholders' deficit of $(48,480,775), with 281,786,525 common shares outstanding as of November 9, 2026.