ORIGINCLEAR, INC. (OCLN) Form 10-Q — May 29, 2026

OriginClear reported a net loss of $2.07 million for the quarter ended March 31, 2026, despite a 43% year-over-year revenue increase to $2.0 million. The loss was driven primarily by a $909,505 non-cash loss on derivative liabilities and $320,000 in losses related to debt conversions, offsetting improved gross profit from its water treatment operations. The company faces significant liquidity and solvency risks, disclosing a shareholders' deficit of $29.5 million and $13 million in derivative liabilities. Auditors have expressed substantial doubt about the company's ability to continue as a going concern, citing recurring losses and significant liquidity constraints.

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