Vivakor Financials
This page shows Vivakor (VIVK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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
Vivakor has an operating margin of -24.5%, meaning the company retains $-24 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 down from -10.7% the prior year.
Vivakor's revenue surged 51.4% year-over-year to $89.8M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Vivakor carries a low D/E ratio of 1.06, meaning only $1.06 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 72/100, indicating a strong balance sheet with room for future borrowing.
Vivakor's current ratio of 0.11 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
Vivakor passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Vivakor generates $-0.07 in operating cash flow ($1.8M OCF vs -$26.4M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Vivakor generated $89.8M in revenue in fiscal year 2024. This represents an increase of 51.4% from the prior year.
Vivakor's EBITDA was -$10.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 343.3% from the prior year.
Vivakor reported -$26.4M in net income in fiscal year 2024. This represents a decrease of 143.2% from the prior year.
Vivakor earned $-0.76 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 35.7% from the prior year.
Vivakor held $651K in cash against $0 in long-term debt as of fiscal year 2024.
Vivakor had 42M shares outstanding in fiscal year 2024. This represents an increase of 59.1% from the prior year.
Vivakor's gross margin was 11.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 2.9 percentage points from the prior year.
Vivakor's operating margin was -24.5% in fiscal year 2024, reflecting core business profitability. This is down 13.8 percentage points from the prior year.
Vivakor's net profit margin was -29.3% in fiscal year 2024, showing the share of revenue converted to profit. This is down 11.1 percentage points from the prior year.
VIVK Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $17.0M-41.6% | $29.1M-22.1% | $37.3M-10.4% | $41.7M+157.7% | $16.2M+1.0% | $16.0M+15.5% | $13.9M-15.0% | $16.3M |
| Cost of Revenue | $12.3M-50.0% | $24.5M-24.7% | $32.6M-7.9% | $35.4M+134.8% | $15.1M+0.8% | $15.0M+13.9% | $13.1M-11.1% | $14.8M |
| Gross Profit | $4.7M+3.1% | $4.6M-3.8% | $4.8M-24.6% | $6.3M+468.4% | $1.1M+4.0% | $1.1M+43.2% | $746K-51.8% | $1.5M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $10.7M+138.8% | $4.5M-16.5% | $5.4M+8.4% | $5.0M+66.5% | $3.0M+78.6% | $1.7M-38.5% | $2.7M+83.6% | $1.5M |
| Operating Income | -$9.0M-33.3% | -$6.8M-5.2% | -$6.4M+58.6% | -$15.6M-445.8% | -$2.9M-76.4% | -$1.6M+55.4% | -$3.6M-386.3% | -$745K |
| Interest Expense | $14.4M+229.4% | $4.4M+287.6% | $1.1M+76.4% | $641K+33.6% | $480K+8.1% | $444K | N/A | $516K |
| Income Tax | $0 | $0 | N/A | $93K+179.9% | $33K+4047.9% | $800 | N/A | N/A |
| Net Income | -$34.3M-173.5% | -$12.5M-66.5% | -$7.5M+61.3% | -$19.5M-487.6% | -$3.3M-76.0% | -$1.9M+52.2% | -$3.9M-56.5% | -$2.5M |
| EPS (Diluted) | $-2.09-596.7% | $-0.30-42.9% | $-0.21+58.8% | $-0.51-325.0% | $-0.12-71.4% | $-0.07+61.1% | $-0.18-28.6% | $-0.14 |
VIVK Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $160.1M-34.5% | $244.5M-1.5% | $248.2M+3.0% | $241.0M+227.1% | $73.7M-1.0% | $74.4M+4.5% | $71.2M-6.4% | $76.1M |
| Current Assets | $9.2M-69.9% | $30.6M+7.4% | $28.5M+138.3% | $12.0M+108.1% | $5.8M-15.7% | $6.8M+33.5% | $5.1M-27.5% | $7.0M |
| Cash & Equivalents | $300K-27.6% | $414K-45.9% | $765K+17.6% | $651K+585.5% | $95K-87.6% | $767K+3.1% | $744K-26.9% | $1.0M |
| Inventory | $111K-16.3% | $132K0.0% | $132K-35.6% | $206K+173.4% | $75K+30.1% | $58K+29.5% | $45K-29.9% | $64K |
| Accounts Receivable | $5.8M-68.2% | $18.3M+41.6% | $12.9M+694.9% | $1.6M-51.8% | $3.4M-16.2% | $4.0M+63.7% | $2.5M-35.8% | $3.8M |
| Goodwill | $40.6M-41.1% | $68.9M0.0% | $68.9M0.0% | $68.9M+359.7% | $15.0M0.0% | $15.0M0.0% | $15.0M0.0% | $15.0M |
| Total Liabilities | $96.1M-34.4% | $146.5M+5.1% | $139.4M+10.7% | $125.9M+114.7% | $58.6M+0.3% | $58.5M+8.3% | $54.0M+3.4% | $52.2M |
| Current Liabilities | $76.5M-43.9% | $136.4M+7.0% | $127.6M+14.0% | $111.9M+156.0% | $43.7M-0.1% | $43.8M+9.5% | $40.0M+53.6% | $26.0M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $68.2M-33.3% | $102.2M-9.5% | $112.9M-5.3% | $119.2M+692.8% | $15.0M-5.6% | $15.9M-7.4% | $17.2M+23.7% | $13.9M |
| Retained Earnings | -$148.1M-32.1% | -$112.1M-14.3% | -$98.1M-10.2% | -$89.0M-25.1% | -$71.1M-4.9% | -$67.8M-2.9% | -$65.9M-6.2% | -$62.1M |
VIVK Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $11.3M+261.8% | -$7.0M-19943617.1% | -$35-100.0% | $1.6M+63.8% | $1.0M+154.9% | -$1.8M-2579.5% | $74K-83.9% | $458K |
| Capital Expenditures | N/A | N/A | N/A | $186K-83.8% | $1.1M+11.6% | $1.0M+297.6% | -$521K-128.7% | $1.8M |
| Free Cash Flow | N/A | N/A | N/A | $805K+660.5% | -$144K+95.0% | -$2.9M-539.7% | -$447K+67.1% | -$1.4M |
| Investing Cash Flow | -$163K-143.0% | $378K-74.5% | $1.5M-44.4% | $2.7M+332.2% | -$1.1M-11.6% | -$1.0M-899.1% | $129K+107.1% | -$1.8M |
| Financing Cash Flow | -$13.6M-348.3% | $5.5M+1580.0% | -$370K+72.0% | -$1.3M-149.8% | -$529K-118.3% | $2.9M+538.4% | -$657K-714.8% | -$81K |
| 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 |
VIVK Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 27.8%+12.0pp | 15.7%+3.0pp | 12.7%-2.4pp | 15.1%+8.3pp | 6.9%+0.2pp | 6.7%+1.3pp | 5.4%-4.1pp | 9.5% |
| Operating Margin | -53.2%-29.9pp | -23.3%-6.0pp | -17.3%+20.1pp | -37.3%-19.7pp | -17.6%-7.5pp | -10.1%+16.0pp | -26.1%-21.6pp | -4.6% |
| Net Margin | -201.9%-158.8pp | -43.1%-22.9pp | -20.2%+26.5pp | -46.7%-26.2pp | -20.5%-8.7pp | -11.8%+16.6pp | -28.4%-13.0pp | -15.4% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -21.4%-16.3pp | -5.1%-2.1pp | -3.0%+5.0pp | -8.1%-3.6pp | -4.5%-2.0pp | -2.5%+3.0pp | -5.5%-2.2pp | -3.3% |
| Current Ratio | 0.12-0.1 | 0.220.0 | 0.22+0.1 | 0.11-0.0 | 0.13-0.0 | 0.16+0.0 | 0.13-0.1 | 0.27 |
| Debt-to-Equity | 1.41-0.0 | 1.43+0.2 | 1.24+0.2 | 1.06-2.8 | 3.90+0.2 | 3.67+0.5 | 3.14-0.6 | 3.75 |
| FCF Margin | N/A | N/A | N/A | 5.1%+5.9pp | -0.9%+17.0pp | -17.8%-14.6pp | -3.2%+5.1pp | -8.3% |
Note: The current ratio is below 1.0 (0.11), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Vivakor's annual revenue?
Vivakor (VIVK) reported $89.8M in total revenue for fiscal year 2024. This represents a 51.4% 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 Vivakor's revenue growing?
Vivakor (VIVK) revenue grew by 51.4% year-over-year, from $59.3M to $89.8M in fiscal year 2024.
Is Vivakor profitable?
No, Vivakor (VIVK) reported a net income of -$26.4M in fiscal year 2024, with a net profit margin of -29.3%.
What is Vivakor's earnings per share (EPS)?
Vivakor (VIVK) reported diluted earnings per share of $-0.76 for fiscal year 2024. This represents a -35.7% 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 Vivakor's EBITDA?
Vivakor (VIVK) had EBITDA of -$10.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Vivakor's gross margin?
Vivakor (VIVK) had a gross margin of 11.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Vivakor's operating margin?
Vivakor (VIVK) had an operating margin of -24.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Vivakor's net profit margin?
Vivakor (VIVK) had a net profit margin of -29.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Vivakor's operating cash flow?
Vivakor (VIVK) generated $1.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Vivakor's total assets?
Vivakor (VIVK) had $241.0M in total assets as of fiscal year 2024, including both current and long-term assets.
How many shares does Vivakor have outstanding?
Vivakor (VIVK) had 42M shares outstanding as of fiscal year 2024.
What is Vivakor's current ratio?
Vivakor (VIVK) had a current ratio of 0.11 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Vivakor's debt-to-equity ratio?
Vivakor (VIVK) had a debt-to-equity ratio of 1.06 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Vivakor's return on assets (ROA)?
Vivakor (VIVK) had a return on assets of -10.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Vivakor's Piotroski F-Score?
Vivakor (VIVK) has a Piotroski F-Score of 4 out of 9, indicating neutral 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 Vivakor's earnings high quality?
Vivakor (VIVK) has an earnings quality ratio of -0.07x, 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.
How financially healthy is Vivakor?
Vivakor (VIVK) scores 43 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.