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SECURE Waste

Handles oil field waste and recycles scrap metal in Canada and the US.

Company Health

35
/100
Weak
A quick check of the business from its yearly reports (2022–2025). It doesn’t say whether the stock is a good buy.
Does it make money?
0 of 25 · Poor
It lost money last year: $348 of every $100 in sales.
Is it growing?
25 of 25 · Good
Sales grew about 931% over the last year.
Can it handle what it owes?
10 of 25 · Okay
Its business used cash last year, and it owes $21 of every $100 it owns.
Does it bring in spare cash?
0 of 25 · Poor
It spent more cash than it brought in: $292 of every $100 in sales.

Who owns it

None of the 23 funds we follow reported owning SECURE Waste in their latest reports. Laughing Water sold all their shares in their latest report.
bought lately
owns it
doesn’t own it
Didn’t report owning it: Whale Rock, Appaloosa, Melqart, Coatue, D1 Capital, Light Street, Lone Pine, Third Point, TCI, Pershing Square, Duquesne, Himalaya Capital, Greenlight, Giverny Capital, Fundsmith, Semper Augustus, Akre, Laughing Water
Their letters don’t mention it: Arquitos, Alluvial, Bireme, Kingdom Capital, Saga Partners
From each fund’s latest 13F report (Jun 30, 2026). Funds that don’t file one: from their own letters.

The numbers

From SECURE Waste’s yearly reports. Tap a year to see its figures.

Sales and profit

Sales grew from $2.04 million in 2024 to $21.0 million in 2025, and it lost money every year.
2025
Sales
$21.0 million
Loss
$73.0 million

Spare cash each year

It spent more cash than it brought in every year: $61.2 million more in 2025.
2025
Cash shortfall
$61.2 million
Spare cash is the cash its business brought in, minus what it spent on buildings and equipment.

What it owns and what it owes

At the end of 2025 it owned $273 million, including $29.5 million in cash, and owed $57.9 million.

Key facts

From its yearly report for 2025.
Sales
$21.0 million
Loss
$73.0 million
Cash shortfall
$61.2 million
Cash in the bank
$29.5 million
Everything it owes
$57.9 million
Year ends
December
Money shown in
U.S. dollars
Latest yearly report
10-K/A, filed Apr 30, 2026
Figures from SECURE Waste’s yearly reports to the SEC (EDGAR), collected Oct 12, 2026.
Not investment advice. Holdings come from public SEC reports and the funds’ own letters, and can be up to 4½ months old. How this works
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