Gran Tierra Energy Financials
This page shows Gran Tierra Energy (GTE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 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).
Gran Tierra’s cash-generating operations are increasingly constrained by asset intensity, debt service, and a thin liquidity cushion.
FY2025 operating cash flow rose to$313M while net income fell to-$193M . That gap, alongside a current ratio of 0.6x, indicates cash generation is being absorbed by reinvestment and financing needs instead of building a thicker liquidity buffer.
A sub-1.0x current ratio in every reported year means short-term obligations have consistently exceeded short-term assets, which limits flexibility when cash receipts fluctuate. Because debt-to-equity reached 3.0x in FY2025, near-term resilience depends more on continuing cash inflow and refinancing capacity than on cash already sitting on the balance sheet.
The balance sheet has become more leveraged even without a larger revenue base: from FY2023 to FY2025, equity fell from
Financial Health Signals
We are recalculating Gran Tierra Energy's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.
Gran Tierra Energy passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Gran Tierra Energy generates $-1.62 in operating cash flow ($313.2M OCF vs -$193.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
Gran Tierra Energy generated $596.7M in revenue in fiscal year 2025. This represents a decrease of 4.0% from the prior year.
Gran Tierra Energy reported -$193.1M in net income in fiscal year 2025. This represents a decrease of 6104.9% from the prior year.
Gran Tierra Energy earned $-5.45 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 5550.0% from the prior year.
Cash & Balance Sheet
Gran Tierra Energy held $82.9M in cash against $674.8M in long-term debt as of fiscal year 2025.
Gran Tierra Energy had 35M shares outstanding in fiscal year 2025. This represents a decrease of 1.9% from the prior year.
Margins & Returns
Gran Tierra Energy's net profit margin was -32.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 32.9 percentage points from the prior year.
Gran Tierra Energy's ROE was -84.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 85.2 percentage points from the prior year.
Capital Allocation
Gran Tierra Energy spent $3.5M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 77.4% from the prior year.
GTE Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $172.1M+35.7% | $126.8M-15.0% | $149.3M-2.1% | $152.5M-9.3% | $168.2M+14.2% | $147.3M-2.7% | $151.4M-8.6% | $165.6M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $34.8M+73.5% | $20.1M+47.7% | $13.6M-9.4% | $15.0M+31.5% | $11.4M-15.6% | $13.5M+113.1% | $6.3M-62.9% | $17.1M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $49.9M+76.5% | $28.3M+11.1% | $25.4M+4.4% | $24.4M+4.9% | $23.2M-2.2% | $23.8M+19.4% | $19.9M+8.1% | $18.4M |
| Income Tax | -$26.6M+27.5% | -$36.7M-225.3% | -$11.3M-342.6% | $4.6M+30.8% | $3.6M-71.1% | $12.3M-40.8% | $20.8M+328.9% | -$9.1M |
| Net Income | -$119.2M+15.6% | -$141.1M-607.5% | -$19.9M-56.6% | -$12.7M+33.9% | -$19.3M+43.6% | -$34.2M-3119.4% | $1.1M-96.9% | $36.4M |
| EPS (Diluted) | $-3.38 | N/A | $-0.57-58.3% | $-0.36+33.3% | $-0.54 | N/A | $0.04-96.6% | $1.16 |
GTE Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.6B+3.1% | $1.6B-4.2% | $1.7B-2.4% | $1.7B+2.1% | $1.7B+0.5% | $1.7B+7.9% | $1.5B+11.1% | $1.4B |
| Current Assets | $288.9M+35.3% | $213.5M+28.1% | $166.7M-17.7% | $202.5M+16.4% | $174.0M-17.6% | $211.3M-38.9% | $345.9M+86.7% | $185.3M |
| Cash & Equivalents | $124.8M+50.4% | $82.9M+68.9% | $49.1M-19.6% | $61.0M-20.3% | $76.6M-25.9% | $103.4M-62.8% | $277.6M+140.7% | $115.3M |
| Inventory | $46.7M-15.7% | $55.4M+47.5% | $37.5M-8.4% | $41.0M+8.0% | $38.0M-12.0% | $43.1M+30.6% | $33.0M+8.1% | $30.6M |
| Accounts Receivable | $79.6M+142.0% | $32.9M0.0% | $32.9M-13.3% | $38.0M+30.0% | $29.2M-17.7% | $35.5M+141.0% | $14.7M+170.6% | $5.4M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $1.5B+12.4% | $1.4B+5.2% | $1.3B-1.3% | $1.3B+3.0% | $1.3B+2.2% | $1.2B+11.6% | $1.1B+16.0% | $958.7M |
| Current Liabilities | $544.1M+53.0% | $355.7M+15.0% | $309.4M-3.6% | $320.9M-7.1% | $345.6M+7.2% | $322.4M+22.4% | $263.5M+7.2% | $245.7M |
| Long-Term Debt | $552.1M-18.2% | $674.8M-10.5% | $754.3M+0.3% | $752.1M+6.8% | $704.0M+0.3% | $701.8M+0.5% | $698.1M+24.9% | $558.9M |
| Total Equity | $108.9M-52.4% | $228.7M-37.5% | $366.0M-6.1% | $389.8M-1.0% | $393.8M-4.8% | $413.6M-1.7% | $420.9M0.0% | $420.9M |
| Retained Earnings | -$1.2B-11.3% | -$1.1B-15.5% | -$911.8M-2.2% | -$891.8M-1.4% | -$879.1M-2.2% | -$859.8M-4.1% | -$825.6M+0.1% | -$826.7M |
GTE Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $172.7M+9.9% | $157.2M+226.5% | $48.1M+38.8% | $34.7M-52.6% | $73.2M+175.2% | $26.6M-66.2% | $78.7M+7.4% | $73.2M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $7.1M+111.4% | -$61.8M-9.0% | -$56.7M+34.4% | -$86.5M-28.1% | -$67.5M+64.2% | -$188.7M-279.0% | -$49.8M+33.8% | -$75.2M |
| Financing Cash Flow | -$137.1M-119.0% | -$62.6M-2603.3% | -$2.3M-106.4% | $36.3M+216.2% | -$31.2M-285.7% | -$8.1M-106.2% | $131.1M+1616.9% | -$8.6M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0 | $0 | $0-100.0% | $1.1M-56.5% | $2.4M-23.7% | $3.2M-9.0% | $3.5M-6.5% | $3.7M |
GTE Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | -69.3%+42.0pp | -111.3%-97.9pp | -13.4%-5.0pp | -8.4%+3.1pp | -11.5%+11.8pp | -23.2%-24.0pp | 0.8%-21.2pp | 22.0% |
| Return on Equity | -109.4%-47.7pp | -61.7%-56.3pp | -5.5%-2.2pp | -3.3%+1.6pp | -4.9%+3.4pp | -8.3%-8.5pp | 0.3%-8.4pp | 8.6% |
| Return on Assets | -7.3%+1.6pp | -8.9%-7.7pp | -1.2%-0.5pp | -0.8%+0.4pp | -1.2%+0.9pp | -2.1%-2.1pp | 0.1%-2.6pp | 2.6% |
| Current Ratio | 0.53-0.1 | 0.60+0.1 | 0.54-0.1 | 0.63+0.1 | 0.50-0.2 | 0.66-0.7 | 1.31+0.6 | 0.75 |
| Debt-to-Equity | 5.07+2.1 | 2.95+0.9 | 2.06+0.1 | 1.93+0.1 | 1.79+0.1 | 1.70+0.0 | 1.66+0.3 | 1.33 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: The current ratio is below 1.0 (0.60), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Gran Tierra Energy's annual revenue?
Gran Tierra Energy (GTE) reported $596.7M in total revenue for fiscal year 2025. This represents a -4.0% 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 Gran Tierra Energy's revenue growing?
Gran Tierra Energy (GTE) revenue declined by 4% year-over-year, from $621.8M to $596.7M in fiscal year 2025.
Is Gran Tierra Energy profitable?
No, Gran Tierra Energy (GTE) reported a net income of -$193.1M in fiscal year 2025, with a net profit margin of -32.4%.
How much debt does Gran Tierra Energy have?
As of fiscal year 2025, Gran Tierra Energy (GTE) had $82.9M in cash and equivalents against $674.8M in long-term debt.
What is Gran Tierra Energy's net profit margin?
Gran Tierra Energy (GTE) had a net profit margin of -32.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Gran Tierra Energy's return on equity (ROE)?
Gran Tierra Energy (GTE) has a return on equity of -84.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Gran Tierra Energy's operating cash flow?
Gran Tierra Energy (GTE) generated $313.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Gran Tierra Energy's total assets?
Gran Tierra Energy (GTE) had $1.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Gran Tierra Energy's current ratio?
Gran Tierra Energy (GTE) had a current ratio of 0.60 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Gran Tierra Energy's debt-to-equity ratio?
Gran Tierra Energy (GTE) had a debt-to-equity ratio of 2.95 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Gran Tierra Energy's return on assets (ROA)?
Gran Tierra Energy (GTE) had a return on assets of -12.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Gran Tierra Energy's Piotroski F-Score?
Gran Tierra Energy (GTE) has a Piotroski F-Score of 4 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 Gran Tierra Energy's earnings high quality?
Gran Tierra Energy (GTE) has an earnings quality ratio of -1.62x, considered mixed 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.