NewHydrogen Reports $917,822 Net Loss in Q2 2026, Seeks Additional Financing

NewHydrogen, Inc. reported its financial results for the second quarter of 2026, revealing a net loss of $917,822 for the three months ended June 30, compared to a loss of $623,704 during the same period in 2025. For the first half of 2026, the company recorded a net loss of $1,740,818, up from a loss of $1,099,798 in the prior year. The company has not generated any revenue during this period, and its total operating expenses increased significantly to $917,891 for the quarter, compared to $623,832 in the previous year. The rise in expenses was attributed to higher selling and marketing costs, general and administrative expenses, and research and development expenditures.

The company's balance sheet as of June 30, 2026, showed total assets of $809,282, a decrease from $1,459,070 at the end of 2025. Cash reserves fell to $739,528 from $1,436,928, while current liabilities decreased slightly to $6,448 from $9,786. The accumulated deficit increased to $182,530,308, reflecting ongoing operational losses. The company’s stockholders’ deficit also widened to $2,643,279 from $2,036,029 at the end of the previous fiscal year.

In terms of strategic developments, NewHydrogen issued 46,410,339 shares of common stock during the first half of 2026, raising $763,035 through an equity financing agreement. This was a significant increase compared to the same period in 2025, when no such financing was reported. The company continues to focus on its ThermoLoop™ technology, which aims to produce green hydrogen using heat instead of electricity, potentially lowering production costs significantly. The company is collaborating with the University of California, Santa Barbara, to advance this technology.

Operationally, NewHydrogen's employee headcount and customer metrics were not disclosed in the filing. However, the company emphasized its commitment to research and development, with R&D expenses rising to $674,387 for the first half of 2026, compared to $249,385 in the prior year. The increase in R&D spending reflects the company's focus on developing its hydrogen production technology. The company has indicated that it will require additional capital resources to continue its operations and meet its financial obligations, as it has not yet achieved revenue generation.

Looking ahead, NewHydrogen's management expressed uncertainty regarding its ability to continue as a going concern without securing additional financing. The company plans to utilize its current cash reserves to maintain its development programs but anticipates needing further funding to support its operations and technology development in the coming months. The outlook remains contingent on the company's ability to attract new investments and successfully advance its clean energy initiatives.