NewHydrogen, Inc., a developer of clean energy technologies, reported a net loss of $2.8 million for the fiscal year ending December 31, 2025, an increase from a loss of $1.8 million in the previous year. The company has not generated any revenue to date, and its accumulated deficit has reached approximately $180.2 million since its inception. The increase in net loss is attributed to rising operational expenses, particularly in general and administrative costs, which surged by $696,464 to $1.8 million, largely due to increased non-cash stock compensation and professional fees.
In terms of operational metrics, NewHydrogen's total cash used for operating activities rose to $2 million in 2025, compared to $1.6 million in 2024. The company reported a decrease in working capital from $2.1 million in 2024 to $1.4 million in 2025, primarily due to a decline in cash reserves. Despite these financial challenges, NewHydrogen has secured $1.3 million in financing through convertible debt offerings and equity financing during the year, marking a significant shift from the previous year when no financing was reported.
Strategically, NewHydrogen is focused on developing its ThermoLoop™ technology, which aims to produce green hydrogen using heat instead of electricity, potentially lowering production costs significantly. The company is collaborating with a research team at the University of California, Santa Barbara, to advance this technology. NewHydrogen has also entered into a Manufacturing Supply Agreement with Verde LLC, which is set to facilitate the future commercial production of hydrogen generation plants.
As of March 30, 2026, NewHydrogen employed two full-time staff members and has not experienced any work stoppages. The company is currently in the development stage and does not maintain any backlog of orders or government contracts. Looking ahead, NewHydrogen anticipates needing additional capital to support its operations and development activities, particularly as it ramps up prototyping efforts related to its thermochemical water-splitting technology in mid-2026.
The outlook for NewHydrogen remains cautious, with management expressing substantial doubt about the company's ability to continue as a going concern without additional capital. The company is actively seeking to enhance its market position in the green hydrogen sector, which is projected to grow significantly, with Goldman Sachs estimating a future market value of $12 trillion. However, the success of its technology and the ability to generate revenue remain uncertain, contingent on market acceptance and the successful commercialization of its products.
About NewHydrogen, Inc.
NewHydrogen, Inc. develops clean energy technologies focused on producing low-cost green hydrogen via a thermochemical water splitting process that uses water and heat instead of electricity. Its innovative ThermoLoop™ technology aims to significantly reduce hydrogen production costs, supporting applications in energy storage, transportation, and industrial processes. The company collaborates with research institutions, operates in the renewable energy sector, and targets a large market opportunity driven by global climate policies and the push for sustainable energy solutions.
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