Prairie Operating Financials
This page shows Prairie Operating (PROP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Prairie Operating has an operating margin of -334.0%, meaning the company retains $-334 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -1069.5% the prior year.
Prairie Operating's revenue surged 413.6% year-over-year to $7.9M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Prairie Operating carries a low D/E ratio of 0.53, meaning only $0.53 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 91/100, indicating a strong balance sheet with room for future borrowing.
Prairie Operating's current ratio of 0.29 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
Prairie Operating passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Prairie Operating generates $0.23 in operating cash flow (-$9.3M OCF vs -$40.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Prairie Operating earns $-23.2 in operating income for every $1 of interest expense (-$26.5M vs $1.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Prairie Operating generated $7.9M in revenue in fiscal year 2024. This represents an increase of 413.6% from the prior year.
Prairie Operating's EBITDA was -$26.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 67.8% from the prior year.
Prairie Operating reported -$40.9M in net income in fiscal year 2024. This represents an increase of 48.3% from the prior year.
Prairie Operating earned $-2.65 per diluted share (EPS) in fiscal year 2024. This represents an increase of 83.9% from the prior year.
Prairie Operating held $5.2M in cash against $28.0M in long-term debt as of fiscal year 2024.
Prairie Operating had 23M shares outstanding in fiscal year 2024. This represents an increase of 134.5% from the prior year.
Prairie Operating's operating margin was -334.0% in fiscal year 2024, reflecting core business profitability. This is up 735.6 percentage points from the prior year.
Prairie Operating's net profit margin was -515.3% in fiscal year 2024, showing the share of revenue converted to profit. This is up 4600.5 percentage points from the prior year.
Prairie Operating invested $38.0M in research and development in fiscal year 2024.
PROP Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $77.7M+14.1% | $68.1M+401.1% | $13.6M | $0 | N/A | $458K+155.4% | $179K | N/A |
| 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 | $12.3M-25.4% | $16.4M+196.2% | $5.6M-36.8% | $8.8M | N/A | $6.3M+121.0% | $2.9M+4337.6% | $64K |
| Operating Income | $27.0M+42.8% | $18.9M+980.2% | $1.8M+119.9% | -$8.8M | N/A | -$6.3M-121.0% | -$2.9M-4337.6% | -$64K |
| Interest Expense | N/A | $8.1M+575.0% | $1.2M | N/A | N/A | N/A | $44K-71.6% | $154K |
| Income Tax | $0 | N/A | N/A | $0 | N/A | N/A | N/A | N/A |
| Net Income | $1.3M-96.4% | $35.7M+1463.5% | -$2.6M+77.1% | -$11.4M | N/A | -$34.4M-62.7% | -$21.1M-32740.7% | -$64K |
| EPS (Diluted) | $-0.44-344.4% | $0.18+105.2% | $-3.49-413.2% | $-0.68 | N/A | $-5.24 | $-5.39 | N/A |
PROP Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $939.8M+9.5% | $858.5M+10.7% | $775.4M+395.3% | $156.6M+242.7% | $45.7M+13.9% | $40.1M+142.6% | $16.5M+156.1% | $6.5M |
| Current Assets | $121.0M+24.2% | $97.4M+35.5% | $71.9M+292.8% | $18.3M+35.3% | $13.5M+77.8% | $7.6M-15.7% | $9.0M+16673.6% | $54K |
| Cash & Equivalents | $10.6M-0.1% | $10.7M-28.8% | $15.0M+188.4% | $5.2M-60.2% | $13.0M+80.0% | $7.2M-15.3% | $8.6M+31548.7% | $27K |
| Inventory | $4.9M+43.2% | $3.4M+166.6% | $1.3M+25520.0% | $5K | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | $95K | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $679.3M+13.3% | $599.8M-19.1% | $741.4M+614.4% | $103.8M+1783.6% | $5.5M-94.7% | $104.1M+1120.2% | $8.5M-38.4% | $13.9M |
| Current Liabilities | $145.0M-10.3% | $161.6M+27.6% | $126.6M+101.0% | $63.0M+1063.4% | $5.4M-53.3% | $11.6M+62.3% | $7.1M-47.8% | $13.7M |
| Long-Term Debt | N/A | $387.0M+2.7% | $377.0M+1246.4% | $28.0M+1300.0% | $2.0M | N/A | $2.1M | N/A |
| Total Equity | $101.8M+8.1% | $94.2M+176.6% | $34.0M-35.5% | $52.8M+31.4% | $40.2M+162.7% | -$64.0M-901.4% | $8.0M+208.0% | -$7.4M |
| Retained Earnings | -$85.4M+1.5% | -$86.7M+29.2% | -$122.4M-2.2% | -$119.8M-51.9% | -$78.9M-42.3% | -$55.4M-164.0% | -$21.0M+66.0% | -$61.7M |
PROP Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $57.7M+899.8% | -$7.2M-142.6% | $16.9M+558.9% | -$3.7M+7.8% | -$4.0M-39.1% | -$2.9M+43.1% | -$5.1M-6096637.3% | -$83 |
| Capital Expenditures | N/A | N/A | N/A | N/A | $0 | $0 | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | -$4.0M-39.1% | -$2.9M | N/A | N/A |
| Investing Cash Flow | -$86.2M-1504.2% | $6.1M+101.2% | -$528.4M-661.1% | -$69.4M-3155.9% | -$2.1M+88.2% | -$18.1M-434.8% | -$3.4M-7016.8% | -$48K |
| Financing Cash Flow | $28.6M+978.9% | -$3.3M-100.6% | $521.3M+1262.6% | $38.3M+220.7% | $11.9M-39.4% | $19.7M | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $24K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
PROP Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 34.8%+7.0pp | 27.8%+14.9pp | 12.9% | N/A | N/A | -1379.0%+214.6pp | -1593.5% | N/A |
| Net Margin | 1.7%-50.7pp | 52.4%+71.7pp | -19.3% | N/A | N/A | -7515.2%+4277.8pp | -11792.9% | N/A |
| Return on Equity | 1.3%-36.6pp | 37.9% | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 0.1%-4.0pp | 4.2%+4.5pp | -0.3%+10.3pp | -10.7% | N/A | -85.8%+42.1pp | -128.0%-127.0pp | -1.0% |
| Current Ratio | 0.83+0.2 | 0.60+0.0 | 0.57+0.3 | 0.29-2.2 | 2.50+1.8 | 0.66-0.6 | 1.26+1.3 | 0.00 |
| Debt-to-Equity | 6.67+2.6 | 4.11-7.0 | 11.07+10.5 | 0.53+0.5 | 0.05+1.7 | -1.63-1.9 | 0.27+2.1 | -1.87 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | -628.4% | N/A | N/A |
Note: The current ratio is below 1.0 (0.29), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Frequently Asked Questions
What is Prairie Operating's annual revenue?
Prairie Operating (PROP) reported $7.9M in total revenue for fiscal year 2024. This represents a 413.6% 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 Prairie Operating's revenue growing?
Prairie Operating (PROP) revenue grew by 413.6% year-over-year, from $1.5M to $7.9M in fiscal year 2024.
Is Prairie Operating profitable?
No, Prairie Operating (PROP) reported a net income of -$40.9M in fiscal year 2024, with a net profit margin of -515.3%.
What is Prairie Operating's earnings per share (EPS)?
Prairie Operating (PROP) reported diluted earnings per share of $-2.65 for fiscal year 2024. This represents a 83.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Prairie Operating's EBITDA?
Prairie Operating (PROP) had EBITDA of -$26.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Prairie Operating have?
As of fiscal year 2024, Prairie Operating (PROP) had $5.2M in cash and equivalents against $28.0M in long-term debt.
What is Prairie Operating's operating margin?
Prairie Operating (PROP) had an operating margin of -334.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Prairie Operating's net profit margin?
Prairie Operating (PROP) had a net profit margin of -515.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Prairie Operating's operating cash flow?
Prairie Operating (PROP) generated -$9.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Prairie Operating's total assets?
Prairie Operating (PROP) had $156.6M in total assets as of fiscal year 2024, including both current and long-term assets.
How much does Prairie Operating spend on research and development?
Prairie Operating (PROP) invested $38.0M in research and development during fiscal year 2024.
How many shares does Prairie Operating have outstanding?
Prairie Operating (PROP) had 23M shares outstanding as of fiscal year 2024.
What is Prairie Operating's current ratio?
Prairie Operating (PROP) had a current ratio of 0.29 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Prairie Operating's debt-to-equity ratio?
Prairie Operating (PROP) had a debt-to-equity ratio of 0.53 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Prairie Operating's return on assets (ROA)?
Prairie Operating (PROP) had a return on assets of -26.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Prairie Operating's cash runway?
Based on fiscal year 2024 data, Prairie Operating (PROP) had $5.2M in cash against an annual operating cash burn of $9.3M. This gives an estimated cash runway of approximately 7 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Prairie Operating's Piotroski F-Score?
Prairie Operating (PROP) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Prairie Operating's earnings high quality?
Prairie Operating (PROP) has an earnings quality ratio of 0.23x, considered low quality (accrual-driven). 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.
Can Prairie Operating cover its interest payments?
Prairie Operating (PROP) has an interest coverage ratio of -23.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Prairie Operating?
Prairie Operating (PROP) scores 48 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.