BKV Corporation (BKV) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BKV SEC filings page.
BKV Corporation (BKV) reported $1.3B in revenue over the twelve months to Jun 30, 2026, up 0.7% from the prior twelve months. 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).
Earnings rebounded in FY2025, but heavy reinvestment and a near-1.0x current ratio keep BKV’s cash conversion uneven.
The FY2025 profit recovery did not become cash: net income was$179M while free cash flow was-$25M , showing that reinvestment absorbed more than accounting earnings produced. Total assets expanded materially from FY2023 to FY2025 while debt-to-equity stayed below 0.6x, indicating expansion through a growing asset base without extreme balance-sheet leverage.
Operating profitability swung from
FY2025 current assets of
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 Corporation'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 Corporation has an operating margin of 26.6%, meaning the company retains $27 of operating profit per $100 of revenue. This results in a moderate score of 53/100, indicating healthy but not exceptional operating efficiency. This is up from -6.2% the prior year.
BKV Corporation's revenue grew 9.9% year-over-year to $1.1B, a solid pace of expansion. This earns a growth score of 24/100.
BKV Corporation has a moderate D/E ratio of 0.47. This balance of debt and equity financing earns a leverage score of 39/100.
BKV Corporation's current ratio of 0.91 is below the typical benchmark, resulting in a score of 27/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While BKV Corporation generated $280.4M in operating cash flow, capex of $305.1M consumed most of it, leaving -$24.7M in free cash flow. This results in a low score of 27/100, reflecting heavy capital investment rather than weak cash generation.
BKV Corporation's ROE of 9.0% shows moderate profitability relative to equity, earning a score of 38/100. This is up from -9.2% the prior year.
BKV Corporation scores 1.40, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($2.4B) 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 Corporation 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 Corporation 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 Corporation generated $322.5M in revenue in Q2 2026. This represents an increase of 20.0% from the same quarter a year earlier. Against the prior quarter it is down 14.4%.
BKV Corporation's EBITDA was $175.7M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 15.9% from the same quarter a year earlier. Against the prior quarter it is up 25.4%.
BKV Corporation reported $75.8M in net income in Q2 2026. This represents a decrease of 29.7% from the same quarter a year earlier. Against the prior quarter it is up 72.0%.
BKV Corporation earned $0.67 per diluted share (EPS) in Q2 2026. This represents a decrease of 47.2% from the same quarter a year earlier. Against the prior quarter it is up 59.5%.
Cash & Balance Sheet
BKV Corporation generated $22.9M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 0.4% from the same quarter a year earlier. Against the prior quarter it is up 166.3%.
BKV Corporation held $152.2M in cash against $1.1B in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
BKV Corporation's operating margin was 37.7% in Q2 2026, reflecting core business profitability. This is down 22.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 14.9 percentage points.
BKV Corporation's net profit margin was 23.5% in Q2 2026, showing the share of revenue converted to profit. This is down 16.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 11.8 percentage points.
BKV Corporation's ROE was 3.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 3.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.3 percentage points.
Not reported for Q2 2026.
Capital Allocation
BKV Corporation invested $86.8M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 30.6% from the same quarter a year earlier. Against the prior quarter it is down 18.5%.
Not reported for Q2 2026.
Not reported for Q2 2026.
BKV Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K/A | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $322.5M+20.0% | $376.5M+38.2% | $399.9M-35.0% | $199.8M+49.6% | $268.6M+100.5% | $272.5M+75.1% | $614.7M | $133.5M-26.7% |
| SG&A Expenses | $42.1M+38.2% | $42.1M+44.9% | $41.3M+13.2% | $30.7M-8.5% | $30.5M+58.0% | $29.1M+40.8% | $36.5M | $33.6M+18.0% |
| Operating Income | $121.7M-24.6% | $86.0M+185.9% | $160.2M+367.0% | $82.3M+492.1% | $161.3M+473.7% | -$100.1M-191.3% | $34.3M | -$21.0M-296.4% |
| EBITDA | $175.7M-15.9% | $140.2M+378.2% | $241.2M+99.3% | $101.1M+177.2% | $209.0M+1189.5% | -$50.4M-381.5% | $121.0M | $36.5M |
| Income Tax | $20.1M-31.1% | $11.5M+137.4% | $18.3M+247.8% | $20.0M+76.9% | $29.2M+203.0% | -$30.7M-136.3% | -$12.4M | $11.3M+119.2% |
| Net Income | $75.8M-29.7% | $44.1M+153.8% | $76.5M+243.7% | $76.8M+497.2% | $107.8M+280.5% | -$82.0M-112.5% | -$53.2M | $12.9M-30.7% |
| EPS (Basic) | $0.68-46.5% | $0.42+143.3% | $0.78+208.3% | $0.90+373.7% | $1.27+241.1% | -$0.97-67.2% | -$0.72-224.1% | $0.19-38.7% |
| EPS (Diluted) | $0.67-47.2% | $0.42+143.3% | $0.78+208.3% | $0.90+400.0% | $1.27+241.1% | -$0.97-67.2% | -$0.72-230.9% | $0.18-40.0% |
| Diluted Shares (Avg) | 110M+29.4% | 102M+20.8% | N/A | 85M+20.3% | 85M+27.9% | 85M+27.8% | N/A | 71M+13.5% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Interest Expense.
BKV Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K/A | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.2B+33.8% | $4.2B+33.5% | $3.9B+27.1% | $2.9B+27.5% | $3.2B | $3.1B | $3.1B+15.5% | $2.3B |
| Current Assets | $457.8M+365.1% | $568.0M+440.5% | $511.4M+117.6% | $201.5M+60.3% | $98.4M | $105.1M | $235.0M-24.7% | $125.7M |
| Cash & Equivalents | $152.2M+610.3% | $288.5M+1786.0% | $248.4M+205.9% | $83.1M+165.4% | $21.4M+133.0% | $15.3M-90.6% | $81.2M-22.7% | $31.3M-42.1% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $18.0M+158.1% | $18.8M+208.6% | $20.0M-0.5% | $6.4M | $7.0M | $6.1M | $20.1M+102.6% | N/A |
| Accounts Receivable | $141.1M | $141.7M | $129.1M+80.1% | N/A | N/A | N/A | $71.7M | N/A |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $18.4M0.0% | $18.4M0.0% | $18.4M0.0% | $18.4M0.0% | $18.4M | $18.4M | $18.4M0.0% | $18.4M |
| Total Liabilities | $1.8B+16.2% | $1.9B+13.3% | $1.9B+21.1% | $1.1B+62.5% | $1.6B | $1.6B | $1.5B+28.3% | $668.3M |
| Current Liabilities | $398.7M+128.2% | $432.6M+70.6% | $564.6M+138.5% | $236.1M+69.9% | $174.7M | $253.6M | $236.7M-42.6% | $139.0M |
| Non-Current Liabilities | $1.4B+2.3% | $1.4B+2.8% | $1.3B-0.1% | $850.1M+60.6% | $1.4B | $1.4B | $1.3B+65.1% | $529.3M |
| Long-Term Debt | $1.1B+432.2% | $1.1B+440.5% | $937.7M+10.3% | $486.6M+156.1% | $200.0M | $200.0M | $849.8M+46.8% | $190.0M |
| Total Equity | $2.3B+44.5% | $2.2B+49.3% | $2.0B+32.3% | $1.8B+12.1% | $1.6B+33.4% | $1.5B+18.5% | $1.5B+16.3% | $1.6B+23.4% |
| Retained Earnings | $426.4M+198.8% | $352.4M+818.0% | $309.1M+135.3% | $219.0M+20.4% | $142.7M | $38.4M | $131.3M-49.5% | $182.0M |
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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K/A | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $109.7M+22.9% | $72.0M+337.5% | $107.1M+163.5% | $67.6M+4.0% | $89.3M+1043.0% | $16.5M-14.5% | $40.6M-71.9% | $65.0M |
| Depreciation & Amortization | $54.1M+13.5% | $54.2M+9.0% | $81.0M-6.6% | $18.8M-67.3% | $47.7M-19.7% | $49.7M-4.9% | $86.7M-30.5% | $57.5M |
| Stock-Based Compensation | N/A | $3.9M+89.0% | N/A | N/A | N/A | $2.1M+92.6% | N/A | N/A |
| Capital Expenditures | $86.8M+30.6% | $106.5M+84.9% | $96.2M+82.8% | $84.9M+60.8% | $66.5M | $57.6M | $52.6M | $52.8M |
| Free Cash Flow | $22.9M+0.4% | -$34.5M+16.1% | $10.9M+191.2% | -$17.3M-241.5% | $22.8M | -$41.2M | -$12.0M | $12.2M |
| Investing Cash Flow | -$237.1M-221.0% | -$232.8M-313.9% | -$141.3M-204.8% | -$305.0M-1351.9% | -$73.8M-160.8% | -$56.2M-182.9% | -$46.4M+90.9% | -$21.0M |
| Financing Cash Flow | -$8.9M-904.7% | $201.1M+542.0% | $133.3M+619.7% | $297.5M+1460.6% | $1.1M+100.4% | $31.3M+2069.7% | -$25.6M-106.1% | -$21.9M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | -$2.1M+1082.4% | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
BKV Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K/A | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 37.7%-22.3pp | 22.9%+59.6pp | 40.1%+34.5pp | 41.2%+56.9pp | 60.1%+92.3pp | -36.7%-14.6pp | 5.6% | -15.7%-12.8pp |
| Net Margin | 23.5%-16.6pp | 11.7%+41.8pp | 19.1%+27.8pp | 38.5%+28.8pp | 40.1%+84.7pp | -30.1%-5.3pp | -8.7% | 9.6%-0.6pp |
| Return on Equity | 3.3%-3.5pp | 2.0%+7.5pp | 3.9%+7.4pp | 4.3%+3.5pp | 6.8%+11.8pp | -5.5%-2.4pp | -3.5% | 0.8%-0.6pp |
| Return on Assets | 1.8%-1.6pp | 1.1%+3.7pp | 1.9%+3.7pp | 2.7%+2.1pp | 3.4% | -2.6% | -1.7% | 0.6% |
| Current Ratio | 1.15+0.6x | 1.31+0.9x | 0.91-0.1x | 0.85-0.1x | 0.56 | 0.41 | 0.99+0.2x | 0.90 |
| Debt-to-Equity | 0.46+0.3x | 0.49+0.4x | 0.47-0.1x | 0.27+0.2x | 0.13 | 0.14 | 0.57+0.1x | 0.12 |
| Asset Turnover | 0.080.0x | 0.090.0x | 0.10-0.1x | 0.070.0x | 0.08 | 0.09 | 0.20 | 0.06 |
| FCF Margin | 7.1%-1.4pp | -9.2%+5.9pp | 2.7%+4.7pp | -8.7%-17.8pp | 8.5% | -15.1% | -1.9% | 9.2% |
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
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| BKV Corporation BKV | FY2025 | $1.1B | $179.2M | 15.7% | $2.4B | 35/100 |
| Talos Energy, Inc. TALO | FY2025 | $1.8B | -$494.3M | -27.8% | $2.8B | 30/100 |
| Mach Natural Resources LP Common Units MNR | FY2025 | $1.2B | $143.0M | 12.2% | $1.7B | 49/100 |
| Kimbell Royalty Partners, LP Common Units KRP | FY2025 | $333.8M | $99.7M | 29.8% | $1.5B | 60/100 |
Where BKV Corporation Ranks
Frequently Asked Questions
What is BKV Corporation's annual revenue?
BKV Corporation (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 Corporation's revenue growing?
BKV Corporation (BKV) revenue grew by 9.9% year-over-year, from $1.0B to $1.1B in fiscal year 2025.
Is BKV Corporation profitable?
Yes, BKV Corporation (BKV) reported a net income of $179.2M in fiscal year 2025, with a net profit margin of 15.7%.
What is BKV Corporation's EBITDA?
BKV Corporation (BKV) had EBITDA of $500.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does BKV Corporation have?
As of fiscal year 2025, BKV Corporation (BKV) had $248.4M in cash and equivalents against $937.7M in long-term debt.
What is BKV Corporation's operating margin?
BKV Corporation (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 Corporation's net profit margin?
BKV Corporation (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 Corporation's return on equity (ROE)?
BKV Corporation (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 Corporation's free cash flow?
BKV Corporation (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 Corporation's operating cash flow?
BKV Corporation (BKV) generated $280.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are BKV Corporation's total assets?
BKV Corporation (BKV) had $3.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are BKV Corporation's capital expenditures?
BKV Corporation (BKV) invested $305.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is BKV Corporation's current ratio?
BKV Corporation (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 Corporation's debt-to-equity ratio?
BKV Corporation (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 Corporation's return on assets (ROA)?
BKV Corporation (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 Corporation's P/E ratio?
BKV Corporation (BKV) trades at 8.7x earnings, its market capitalization divided by net income of $273.2M net income, trailing 12 months to June 30, 2026. The market capitalization is $2.4B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is BKV Corporation's price-to-sales ratio?
BKV Corporation (BKV) trades at 1.8x sales, its market capitalization divided by revenue of $1.3B revenue, trailing 12 months to June 30, 2026. The market capitalization is $2.4B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is BKV Corporation's Altman Z-Score?
BKV Corporation (BKV) has an Altman Z-Score of 1.40, 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 Corporation's Piotroski F-Score?
BKV Corporation (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 Corporation's earnings high quality?
BKV Corporation (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 Corporation?
BKV Corporation (BKV) scores 35 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.