Royale Energy Financials
This page shows Royale Energy (ROYL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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
Royale Energy passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Royale Energy generates $1.02 in operating cash flow (-$2.2M OCF vs -$2.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Royale Energy earns $-6.1 in operating income for every $1 of interest expense (-$1.9M vs $305K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Royale Energy generated $2.2M in revenue in fiscal year 2024. This represents an increase of 3.1% from the prior year.
Royale Energy's EBITDA was -$1.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 2.1% from the prior year.
Royale Energy reported -$2.2M in net income in fiscal year 2024. This represents a decrease of 17.8% from the prior year.
Royale Energy earned $-0.05 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 25.0% from the prior year.
Cash & Balance Sheet
Royale Energy held $1.9M in cash against $0 in long-term debt as of fiscal year 2024.
Royale Energy had 97M shares outstanding in fiscal year 2024. This represents an increase of 36.9% from the prior year.
Margins & Returns
Royale Energy's operating margin was -84.0% in fiscal year 2024, reflecting core business profitability. This is up 5.9 percentage points from the prior year.
Royale Energy's net profit margin was -97.0% in fiscal year 2024, showing the share of revenue converted to profit. This is down 12.2 percentage points from the prior year.
Capital Allocation
ROYL Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $590K+66.8% | $354K-27.5% | $488K+9.7% | $445K-21.0% | $563K+0.5% | $560K-15.2% | $660K-3.0% | $680K |
| 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 | $383K-0.7% | $386K-17.3% | $466K+7.0% | $436K+18.0% | $370K-2.9% | $381K-14.9% | $447K-3.3% | $462K |
| Operating Income | -$465K+13.2% | -$536K+22.9% | -$696K-25030.7% | -$3K+99.7% | -$1.1M-2208.9% | -$47K+93.6% | -$734K+44.7% | -$1.3M |
| Interest Expense | $101K+3.2% | $98K+0.8% | $97K+0.1% | $97K-10.1% | $108K+70.1% | $63K+75.2% | $36K+6074.1% | $587 |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | $0 | $0 |
| Net Income | -$550K-31.4% | -$419K+38.6% | -$682K-625.5% | -$94K+92.1% | -$1.2M-970.6% | -$111K+85.6% | -$770K+42.0% | -$1.3M |
| EPS (Diluted) | $-0.01 | $0.00+100.0% | $-0.01 | N/A | $-0.02 | $0.00+100.0% | $-0.01 | N/A |
ROYL Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $15.4M+6.5% | $14.4M-4.3% | $15.1M-3.4% | $15.6M+5.1% | $14.9M+8.2% | $13.8M-9.8% | $15.3M+18.2% | $12.9M |
| Current Assets | $8.8M-7.4% | $9.5M-2.6% | $9.7M-4.3% | $10.2M+13.2% | $9.0M+12.3% | $8.0M-12.7% | $9.2M-5.4% | $9.7M |
| Cash & Equivalents | $797K-45.3% | $1.5M-21.3% | $1.9M-1.4% | $1.9M+8.0% | $1.7M+19.9% | $1.4M-23.7% | $1.9M-13.8% | $2.2M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $574K+72.6% | $332K-24.3% | $439K-42.6% | $765K+48.9% | $513K+30.2% | $394K-27.9% | $547K-37.7% | $878K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $29.4M+5.4% | $27.9M-0.8% | $28.1M+0.5% | $28.0M-47.4% | $53.2M+5.0% | $50.7M-2.3% | $51.8M+6.8% | $48.5M |
| Current Liabilities | $21.0M-2.3% | $21.5M-0.9% | $21.7M+7.5% | $20.2M+1.0% | $20.0M+14.7% | $17.4M-6.2% | $18.6M+10.1% | $16.9M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$14.0M-4.1% | -$13.4M-3.2% | -$13.0M-5.5% | -$12.3M+67.8% | -$38.3M-3.8% | -$36.9M-0.9% | -$36.6M-2.7% | -$35.6M |
| Retained Earnings | -$95.2M-0.6% | -$94.6M-0.4% | -$94.2M-0.7% | -$93.5M-0.5% | -$93.0M-1.5% | -$91.6M-0.4% | -$91.3M-1.1% | -$90.3M |
ROYL Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$428K+73.8% | -$1.6M-164.0% | -$618K+25.6% | -$830K-27.0% | -$653K-338.6% | -$149K+74.3% | -$579K-1.5% | -$571K |
| 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 | -$1.3M-201.1% | $1.2M+117.7% | $569K-80.8% | $3.0M+273.8% | $792K-46.4% | $1.5M+172.5% | -$2.0M-184.7% | $2.4M |
| Financing Cash Flow | $497K+17516.1% | -$3K-3.0% | -$3K-919.8% | $338+149.1% | -$689+78.2% | -$3K-100.2% | $1.4M+45616.0% | -$3K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
ROYL Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -78.9%+72.7pp | -151.7%-9.0pp | -142.6%-142.0pp | -0.6%+192.7pp | -193.3%-184.9pp | -8.4%+102.8pp | -111.2%+84.0pp | -195.2% |
| Net Margin | -93.3%+25.1pp | -118.5%+21.4pp | -139.8%-118.7pp | -21.1%+189.3pp | -210.4%-190.7pp | -19.8%+96.9pp | -116.7%+78.6pp | -195.3% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -3.6%-0.7pp | -2.9%+1.6pp | -4.5%-3.9pp | -0.6%+7.4pp | -8.0%-7.2pp | -0.8%+4.3pp | -5.1%+5.2pp | -10.3% |
| Current Ratio | 0.42-0.0 | 0.440.0 | 0.45-0.1 | 0.50+0.1 | 0.450.0 | 0.46-0.0 | 0.49-0.1 | 0.57 |
| Debt-to-Equity | -2.10-0.0 | -2.08+0.1 | -2.16+0.1 | -2.27-0.9 | -1.39-0.0 | -1.37+0.0 | -1.42-0.1 | -1.36 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$12.3M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.50), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Royale Energy's annual revenue?
Royale Energy (ROYL) reported $2.2M in total revenue for fiscal year 2024. This represents a 3.1% 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 Royale Energy's revenue growing?
Royale Energy (ROYL) revenue grew by 3.1% year-over-year, from $2.2M to $2.2M in fiscal year 2024.
Is Royale Energy profitable?
No, Royale Energy (ROYL) reported a net income of -$2.2M in fiscal year 2024, with a net profit margin of -97.0%.
What is Royale Energy's EBITDA?
Royale Energy (ROYL) had EBITDA of -$1.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Royale Energy's operating margin?
Royale Energy (ROYL) had an operating margin of -84.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Royale Energy's net profit margin?
Royale Energy (ROYL) had a net profit margin of -97.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Royale Energy's operating cash flow?
Royale Energy (ROYL) generated -$2.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Royale Energy's total assets?
Royale Energy (ROYL) had $15.6M in total assets as of fiscal year 2024, including both current and long-term assets.
What is Royale Energy's current ratio?
Royale Energy (ROYL) had a current ratio of 0.50 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Royale Energy's debt-to-equity ratio?
Royale Energy (ROYL) had a debt-to-equity ratio of -2.27 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Royale Energy's return on assets (ROA)?
Royale Energy (ROYL) had a return on assets of -13.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Royale Energy's cash runway?
Based on fiscal year 2024 data, Royale Energy (ROYL) had $1.9M in cash against an annual operating cash burn of $2.2M. This gives an estimated cash runway of approximately 10 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.
Why is Royale Energy's debt-to-equity ratio negative or unusual?
Royale Energy (ROYL) has negative shareholder equity of -$12.3M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Royale Energy's Piotroski F-Score?
Royale Energy (ROYL) has a Piotroski F-Score of 1 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 Royale Energy's earnings high quality?
Royale Energy (ROYL) has an earnings quality ratio of 1.02x, 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 Royale Energy cover its interest payments?
Royale Energy (ROYL) has an interest coverage ratio of -6.1x, 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.