BKV Corp. Financials
BKV Corp. (BKV) reported $1.1B in revenue for fiscal year 2025, up 9.9% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
BKV’s earnings rebound converts to operating cash, yet capital intensity keeps free cash flow negative and reshapes expansion financing.
Despite FY2025 net income of$179.2M , free cash flow was-$24.7M because capital expenditures exceeded operating cash flow. This gap makes the rebound an earnings recovery paired with an aggressive reinvestment cycle, not a period of cash accumulation.
Total assets reached
Operating margin swung from
Financial Health Signals
Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of BKV Corp.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
BKV Corp. scores 1.55, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($2.9B) relative to total liabilities ($1.9B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
BKV Corp. passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, BKV Corp. generates $1.56 in operating cash flow ($280.4M OCF vs $179.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
BKV Corp. generated $1.1B in revenue in fiscal year 2025. This represents an increase of 9.9% from the prior year.
BKV Corp.'s EBITDA was $500.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 161.4% from the prior year.
BKV Corp. reported $179.2M in net income in fiscal year 2025. This represents an increase of 229.2% from the prior year.
BKV Corp. earned $2.05 per diluted share (EPS) in fiscal year 2025. This represents an increase of 205.7% from the prior year.
Cash & Balance Sheet
BKV Corp. recorded an outflow of $24.7M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 346.2% from the prior year.
BKV Corp. held $248.4M in cash against $937.7M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
BKV Corp.'s operating margin was 26.6% in fiscal year 2025, reflecting core business profitability. This is up 32.8 percentage points from the prior year.
BKV Corp.'s net profit margin was 15.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 29.1 percentage points from the prior year.
BKV Corp.'s ROE was 9.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 18.3 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
BKV Corp. invested $305.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 189.6% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
BKV Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.1B+9.9% | $1.0B-20.4% | $1.3B-21.5% | $1.7B |
| SG&A Expenses | $156.3M | $131.6M+19.6% | $110.0M-17.6% | $133.6M-10.1% | $148.6M |
| Operating Income | $450.1M | $303.7M+572.8% | -$64.2M-126.6% | $241.1M-20.8% | $304.6M |
| Income Tax | $69.9M | $36.9M+186.8% | -$42.4M-240.9% | $30.1M-51.9% | $62.7M |
| Net Income | $273.2M | $179.2M+229.2% | -$138.7M-212.2% | $123.6M-69.9% | $410.1M |
| EPS (Diluted) | — | $2.05+205.7% | -$1.94-201.0% | $1.92-71.0% | $6.62 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Interest Expense.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
BKV Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Total Assets | $3.9B+27.1% | $3.1B+15.5% | $2.7B | N/A |
| Current Assets | $511.4M+117.6% | $235.0M-24.7% | $312.2M | N/A |
| Cash & Equivalents | $248.4M+205.9% | $81.2M-22.7% | $105.0M-36.9% | $166.5M |
| Inventory | $20.0M-0.5% | $20.1M+102.6% | $9.9M | N/A |
| Accounts Receivable | $129.1M+80.1% | $71.7M | N/A | N/A |
| Goodwill | $18.4M0.0% | $18.4M0.0% | $18.4M | N/A |
| Total Liabilities | $1.9B+21.1% | $1.5B+28.3% | $1.2B | N/A |
| Current Liabilities | $564.6M+138.5% | $236.7M-42.6% | $412.3M | N/A |
| Long-Term Debt | $937.7M+10.3% | $849.8M+46.8% | $579.0M | N/A |
| Total Equity | $2.0B+32.3% | $1.5B+16.3% | $1.3B+24.5% | $1.0B |
| Retained Earnings | $309.1M+135.3% | $131.3M-49.5% | $259.9M | N/A |
BKV Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Operating Cash Flow | $356.4M | $280.4M+142.9% | $115.4M-55.7% | $260.3M-25.5% | $349.2M |
| Capital Expenditures | $374.4M | $305.1M+189.6% | $105.4M-47.7% | $201.5M | N/A |
| Free Cash Flow | -$18.0M | -$24.7M-346.2% | $10.0M-82.9% | $58.8M | N/A |
| Investing Cash Flow | -$916.2M | -$576.4M-1782.0% | $34.3M+105.2% | -$663.1M+23.4% | -$865.6M |
| Financing Cash Flow | $623.0M | $463.3M+247.2% | -$314.8M-163.2% | $498.5M-6.8% | $534.8M |
| Share Buybacks | N/A | N/A | $0-100.0% | $600K | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
BKV Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Operating Margin | 26.6%+32.8pp | -6.2%-24.7pp | 18.5%+0.2pp | 18.3% |
| Net Margin | 15.7%+29.1pp | -13.4%-22.8pp | 9.5%-15.2pp | 24.7% |
| Return on Equity | 9.0%+18.3pp | -9.2%-18.8pp | 9.6%-30.0pp | 39.6% |
| Return on Assets | 4.5%+9.0pp | -4.5%-9.1pp | 4.6% | N/A |
| Current Ratio | 0.91-0.1x | 0.99+0.2x | 0.76 | N/A |
| Debt-to-Equity | 0.47-0.1x | 0.57+0.1x | 0.45 | N/A |
| FCF Margin | -2.2%-3.1pp | 1.0%-3.5pp | 4.5% | N/A |
Not reported in any period shown, so not listed: Gross Margin.
Note: The current ratio is below 1.0 (0.91), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Where BKV Corp. Ranks
Frequently Asked Questions
What is BKV Corp.'s annual revenue?
BKV Corp. (BKV) reported $1.1B in total revenue for fiscal year 2025. This represents a 9.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is BKV Corp.'s revenue growing?
BKV Corp. (BKV) revenue grew by 9.9% year-over-year, from $1.0B to $1.1B in fiscal year 2025.
Is BKV Corp. profitable?
Yes, BKV Corp. (BKV) reported a net income of $179.2M in fiscal year 2025, with a net profit margin of 15.7%.
What is BKV Corp.'s EBITDA?
BKV Corp. (BKV) had EBITDA of $500.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does BKV Corp. have?
As of fiscal year 2025, BKV Corp. (BKV) had $248.4M in cash and equivalents against $937.7M in long-term debt.
What is BKV Corp.'s operating margin?
BKV Corp. (BKV) had an operating margin of 26.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is BKV Corp.'s net profit margin?
BKV Corp. (BKV) had a net profit margin of 15.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is BKV Corp.'s return on equity (ROE)?
BKV Corp. (BKV) has a return on equity of 9.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is BKV Corp.'s free cash flow?
BKV Corp. (BKV) recorded an outflow of $24.7M in free cash flow during fiscal year 2025. This represents a -346.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is BKV Corp.'s operating cash flow?
BKV Corp. (BKV) generated $280.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are BKV Corp.'s total assets?
BKV Corp. (BKV) had $3.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are BKV Corp.'s capital expenditures?
BKV Corp. (BKV) invested $305.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is BKV Corp.'s current ratio?
BKV Corp. (BKV) had a current ratio of 0.91 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is BKV Corp.'s debt-to-equity ratio?
BKV Corp. (BKV) had a debt-to-equity ratio of 0.47 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is BKV Corp.'s return on assets (ROA)?
BKV Corp. (BKV) had a return on assets of 4.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is BKV Corp.'s Altman Z-Score?
BKV Corp. (BKV) has an Altman Z-Score of 1.55, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is BKV Corp.'s Piotroski F-Score?
BKV Corp. (BKV) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are BKV Corp.'s earnings high quality?
BKV Corp. (BKV) has an earnings quality ratio of 1.56x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is BKV Corp.?
BKV Corp. (BKV) scores 33 out of 100 on our Financial Health Score, indicating weak standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.